Romreal Ltd. · OSL:ROM
Romreal — Q2 2024 Earnings Presentation
13 slides from Romreal's earnings presentation, Aug 30, 2024
Slide 1: RomReal Limited Investor presentation Q2 2024 results
RomReal Limited Investor presentation Second Quarter (Q2) 2024 results Kjetil Gronskag 30 August 2024 This Presentation of the Q2 2024 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2024 Report which is filed on Eur
Slide 2: Contents
Contents Q2 2024 highlights 3-4 NAV movement in Q2 2024 5 Financial highlights 2Q.24 – IFRS 6 RomReal Properties per 2Q 2024 7 Operational highlights 8 Romania Macro Developments 9 Apartment Price Development 10 RomReal shareholders 11 Outlook 12 Contact details 13 RomReal Limited – Second quarter 2
Slide 3: Q2 2024 results – Highlights
Q2 2024 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.41 (NOK 4.68, before any tax) per share, down 1.1% from Q1 2024. EUR/NOK was 11.39 end of Q2 2024 versus 11.72 by the end of 1Q 2024. Operational highlights • During the Second quarter of 2024, the Company sold the third
Slide 4: Q2 2024 results – Highlights
Q2 2024 results – Highlights Financial Results • Net Result for the quarter was a loss of EUR 169,000, compared to a EUR 19,000 profit in 2Q 2023. Net change in cash flow for the quarter was a positive EUR 99,000 compared to negative of EUR 374,000 in the same period last year. This was mainly due t
Slide 5: NAV movement in Q2 2024
NAV movement in Q2 2024 Asset base Q2 2024 Q1 2024 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,377 0.06 0.65 2,377 0.06 0.67 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 7,025 0.17 1.93 6,692 0.16 1.90 Cash 4,005 0.10 1.10 3,906 0.09 1.11 Other 3,578
Slide 6: Financial highlights 2Q.24 - IFRS
Financial highlights 2Q.24- IFRS EUR '000 Q2 2024 Q2 2023 Operating Revenue 193 169 Operating Expenses (345) (168) Other operating income/ (expense), net (66) (47) Net financial income/(cost) 69 56 Pre-tax result (149) 10 Result for the period (169) 19 Total assets 17,261 16,244 Total liabilities 27
Slide 7: RomReal Properties Q2 2024
RomReal Properties Q2 2024 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 1,126 2 Ovidiu (Oasis) Constanta North/Ovidiu 21,732 3 Centrepoint Constanta North/Ovidiu 121,672 4 Ovidiu Residence 3 Constanta North/Ovidiu 7,100 5 Balada Market Central Constanta 7,188 For further inf
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) –Two houses are still for sale. The final transfer of the agreed land (promenade area), about 700m2, to the municipality of Ovidiu is planned to take place late 2024. Oasis (No. 2 on the table) –The Company has finalised the works for water and se
Slide 9: Romanian Macro development
Romanian Macro development • According to the Institutul National de Statistica, the GDP showed a seasonally adjusted quarterly on a quarterly basis of only 0.1 % in second quarter 2024. The Romanian GDP rose 0.8% in the second quarter of 2024. This marked the thirteenth successive period of expansi
Slide 10: Apartment Price Development (End June 24)
Apartment Price Development (End June 24) • Asking prices for apartments and houses in Romania increased in the Second quarter of 2024 compared to First quarter of 2024 (EUR 1,580/m2) to EUR 1,603/m2 at the end of 2Q 2024 and EUR 1611/m2 at the end of July 2024. • In Constanta, average prices increa
Slide 11: RomReal shareholders as at 22/08/2024
RomReal shareholders as at 22/08/2024 Owner Rank Name Holding ship 1 SIX SIS AG 10,331,934 24.97% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 6,023,006 14.56% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 22 August 2024. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5.1
Slide 12: Outlook
Outlook • Romania has an open economy with a widening budget deficit and should be mindful of the uncertain global backdrop. Late 2024 is a mayor election year in Romania and that is creating some extra political turbulence. The Romanian National Bank has cut the “policy rate” twice and last time on
Slide 13: Thank you
Thank you Investor Relations Kjetil Gronskag +40 731123037 | investors@romreal.com 16 Burnaby Street, Hamilton HM11, Bermuda For further information on RomReal, including presentation material relating to this interim report and financial information, please visit www.romreal.com DISCLAIMER The info