Romreal Ltd. · OSL:ROM
Romreal — Q2 2023 Earnings Presentation
13 slides from Romreal's earnings presentation, Aug 31, 2023
Slide 1: RomReal Limited Investor presentation Q2 2023 results
RomReal Limited Investor presentation Second Quarter (Q2) 2023 results Kjetil Gronskag 31 August 2023 This Presentation of the Q2 2023 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2023 Report which is filed on Eur
Slide 2: Contents
Contents Q2 2023 highlights 3-4 NAV movement in Q2 2023 5 Financial highlights 2Q.23 – IFRS 6 RomReal Properties per 2Q 2023 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 2023 results – Highlights
Q2 2023 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.38 (NOK 4.46, before any tax) per share, a decrease of 0.2% measured in EUR from the end of the first quarter 2023. Operational highlights • During the second quarter of 2023, the Company sold the first of the four older
Slide 4: Q2 2023 results – Highlights: Financial Results
Q2 2023 results – Highlights Financial Results • Net Result for the quarter was a profit of EUR19,000, compared to a EUR 727,000 loss in 2Q 2022. Net change in cash flow for the quarter was a negative EUR 374,000 compared to negative of EUR 218,000 in the same period last year. This was mainly due t
Slide 5: NAV movement in Q2 2023
NAV movement in Q2 2023 Asset base Q2 2023 Q1 2023 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 4,399 0.11 1.24 4,414 0.11 1.21 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 6,449 0.16 1.82 5,650 0.14 1.55 Cash 3,436 0.08 0.97 3,810 0.09 1.04 Other 1,528
Slide 6: Financial highlights 2Q.23 - IFRS
Financial highlights 2Q.23- IFRS EUR '000 Q2 2023 Q2 2022 Operating Revenue 169 105 Operating Expenses (168) (482) Other operating income/ (expense), net (47) (336) Net financial income/(cost) 56 20 Pre-tax result 10 (693) Result for the period 19 (727) Total assets 16,244 17,499 Total liabilities 4
Slide 7: RomReal Properties Q2 2023
RomReal Properties Q2 2023 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 2.475 2 Ovidiu residence Constanta North/Ovidiu 50,000 3 Ovidiu (Oasis) Constanta North/Ovidiu 22,041 4 Centrepoint Constanta North/Ovidiu 121,672 5 Ovidiu Residence 2 and 3 Constanta North/Ovidiu 15,000
Slide 8: Operational highlights
Operational highlights Lake Side (No.1 on the table) – The Company did not make any sales this quarter of the three remaining plots and two houses and the units are still for sale. Street and utilities have been delivered to the City Hall for public use according to agreement. The City Hall delivere
Slide 9: Romanian Macro development
Romanian Macro development • Romanian GDP advanced 1.7% year-on-year in the second quarter of 2023, easing from a growth of 2.4% growth in the first quarter 2023 and the growth was somewhat below expectations. The negative growth of 1.1% in the second quarter (versus 2Q.2022) broke the eight consecu
Slide 10: Apartment Price Development (End June 23)
Apartment Price Development (End June 23) • Starting from January 2023, the calculation methodology of the Imobiliare.ro index has been improved following a major upgrade. Therefore, the value of the Imobiliare.ro index have been replaced by the data obtained by applying the new methodology for the
Slide 11: RomReal shareholders as at 18/08/2023
RomReal shareholders as at 18/08/2023 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,813,322 14.05% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 18 August 2023. 4 SAGA EIENDOM AS 3,386,636 8.02% 5 AUSTBØ, EDVIN 2,108,500 5.10% •(
Slide 12: Outlook
Outlook • Both the CPI and GDP growth in Romania is set to fall during 2023. RomReal is in a relatively strong financial position with zero external debt. The weakening macro fundamentals have already resulted in clearly slower sales in all the remaining projects, and only one small property is sold
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