Romreal Ltd. · OSL:ROM
Romreal — Q1 2019 Earnings Presentation
14 slides from Romreal's earnings presentation, May 24, 2019
Slide 1: RomReal Limited Investor presentation Q1 2019 results
RomReal Limited Investor presentation First Quarter (Q1) 2019 results Harris Palaondas - IR Webcast 24 May 2019 This Presentation of the Q1 2019 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2019 Report which is fi
Slide 2: Contents
Contents Q1 2019 highlights 3-4 NAV movement in Q1 2019 5 Financial highlights – IFRS 6 RomReal Properties per Q1 2019 7 Operational highlights 8 Romania Macro Developments 9 Romania Real Estate Update 10 Apartment Price Development 11 RomReal shareholders 12 Main focus areas going forward 13 Contac
Slide 3: Q1 2019 results – Highlights
Q1 2019 results – Highlights Net Asset Value (NAV) •Net Asset value was EUR 0.47 (NOK 4.59) per share, being 1.6% lower compared to the end of the fourth quarter 2018. •The year-end 2018 valuation was concluded by Knight Frank during February 2019. Consequently, no further changes were made to the v
Slide 4: Q1 2019 results – Highlights
Q1 2019 results – Highlights Financial Results • Net Result for the quarter was EUR 976,000 loss compared to a EUR 148,000 loss in Q1 2018. • Operating cash flow for the quarter was a negative EUR 552,000 compared to minus EUR 1,858,000 in the same period last year. • At the end of the quarter, the
Slide 5: NAV movement in Q1 2019
NAV movement in Q1 2019 Asset base Q1 2019 Q1 2018 EUR ’000 EUR/ share NOK/shar EUR ’000 EUR/ share NOK/share e Investment 10,186 0.25 2.42 13,655 0.33 3.25 property Assets held for 2,200 0.05 0.52 436 0.01 0.10 sale Inventories 2,552 0.06 0.61 2,690 0.07 0.64 Cash 3,217 0.08 0.77 3,789 0.09 0.90 Ot
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q1 2019 Q1 2018 Operating Revenue 97 6,779 Operating Expenses (162) (231) Other operating income/ (expense), net 134 (6,620) Net financial income/(cost) (1,037) (21) Pre-tax result (967) (93) Result for the period (976) (148) Total assets 19,671 21,152 Total liab
Slide 7: RomReal Properties Q1 2019
RomReal Properties Q1 2019 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 59,779 2 Badulescu plot Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 24,651 4 Centrepoint Constanta North/Ovidiu 121,672 5 Gunaydin plot Constanta North/Ovidiu 15,000 6 Balada Ma
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – Works for implementing the roads and utilities have commenced in November 2018. All permits including the main permit from the gas supplier, have been obtained. Oasis (No. 3 on the table) – The new Planning Permission (PUZ) was approved during Q
Slide 9: Romanian Macro development
Romanian Macro development • The flash estimate of Q1 2019 GDP posted a 1.3% sequential advance, translating into a 5.0% year-on-year growth • the average annual HICP inflation rate stood further at 4.1 percent, with the differential versus the EU-wide average remaining above 2 percentage points. •
Slide 10: Romania Real Estate Update
Romania Real Estate Update • The Romanian housing market remains robust, but there are some uncertainties ahead. • The house prices continue to rise, at a much slower pace compared with previous years. • Office market: More than 350,000 square meters of new office space will be delivered in 2019 and
Slide 11: Apartment Price Development (30 Apr '19)
Apartment Price Development (30 Apr ‘19) Romania • Average apartment prices in Romania reached EUR 1228/sqm resulting in a total increase of circa 2.6% compared to the same period of 2018 • Average apartment prices in Constanta Constanta reached EUR 1129/sqm, resulting in a total increase of circa 1
Slide 12: RomReal shareholders as at 17/05/2019
RomReal shareholders as at 17/05/2019 Shareholder Holding Stake (1) This is the Top 20 Shareholder list as per 1 SIX SIS AG 10,335,934 24.99% 17 May 2019. 2 GRØNSKAG, KJETIL 4,414,629 10.67% (2) The total issued 3 SAGA EIENDOM AS 3,262,976 7.89% number of shares 4 THORKILDSEN DØDSBO, KAY TØNNES 3,07
Slide 13: Main focus areas going forward
Main focus areas going forward • According to the strategy, RomReal is focusing on land value enhancing activities in order to improve shareholders’ value and exit. • The ongoing tax dispute adds uncertainty and reduces the financial flexibility somewhat and is expected to drag out for a couple of y
Slide 14: Thank you
Thank you Investor Relations Harris Palaondas +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 inf