Romreal Ltd. · OSL:ROM
Romreal — Q3 2024 Earnings Presentation
13 slides from Romreal's earnings presentation, Nov 29, 2024
Slide 1: RomReal Limited Investor presentation Q3 2024 results
RomReal Limited Investor presentation Third Quarter (Q3) 2024 results Kjetil Gronskag 29 November 2024 This Presentation of the Q3 2024 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2024 Report which is filed on Eu
Slide 2: Contents
Contents Q3 2024 highlights 3-4 NAV movement in Q3 2024 5 Financial highlights 3Q.24 – IFRS 6 RomReal Properties per 3Q 2024 7 Operational highlights 8 Romania Macro Developments 9 Apartment Price Development 10 RomReal shareholders 11 Outlook 12 Contact details 13 RomReal Limited – Third quarter 20
Slide 3: Q3 2024 results – Highlights
Q3 2024 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.41 (NOK 4.77, before any tax) per share, down 1.2% from Q2 2024. EUR/NOK was 11.76 end of Q3 2024 versus 11.39 by the end of 2Q 2024. Operational highlights • During the Fourth quarter 2024, the Company sold the last of t
Slide 4: Q3 2024 results – Highlights
Q3 2024 results – Highlights Financial Results • Net Result for the quarter was a loss of EUR 216,000, compared to a EUR 934,000 profit in 2Q 2023. Net change in cash flow for the quarter was a positive EUR 113,000 compared to negative of EUR 113,000 in the same period last year. This was mainly due
Slide 5: NAV movement in Q3 2024
NAV movement in Q3 2024 Asset base Q3 2024 Q2 2024 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,377 0.06 0.68 2,377 0.06 0.65 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 7,392 0.18 2.10 7,025 0.17 1.93 Cash 4,118 0.10 1.17 4,005 0.10 1.10 Other 2,889
Slide 6: Financial highlights 3Q.24- IFRS
Financial highlights 3Q.24- IFRS EUR '000 Q3 2024 Q3 2023 Operating Revenue 68 3,140 Operating Expenses (277) (254) Other operating income/ (expense), net (4) (1,615) Net financial income/(cost) 77 59 Pre-tax result (136) 1,329 Result for the period (216) 934 Total assets 17,172 17,384 Total liabili
Slide 7: RomReal Properties Q3 2024
RomReal Properties Q3 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) –On house is still for sale. One of the two houses on Lakeside was agreed sold during fourth quarter. The final transfer of the agreed land (promenade area), about 700m2, to the municipality of Ovidiu is planned to take place mid-2025. Oasis (No.
Slide 9: Romanian Macro development
Romanian Macro development • According to the Institutul National de Statistica, the GDP showed a growth of 1.1% on a non-adjusted basis versus a 2.3% expansion by 3rd quarter 2023. The most recent GDP growth estimate from the European Commission of 15 November was 1.4% for 2024 and 2.5% for 2025 an
Slide 10: Apartment Price Development (End September 24)
Apartment Price Development (End September 24) • Asking prices for apartments and houses in Romania increased in the Third quarter of 2024 compared to Second quarter of 2024 (EUR 1,603/m2) to EUR 1,656/m2 at the end of 3Q 2024 and EUR 1,681/m2 at the end of October 2024. • In Constanta, average pric
Slide 11: RomReal shareholders as at 21/11/2024
RomReal shareholders as at 21/11/2024 Owner Rank Name Holding ship 1 SIX SIS AG 10,331,934 24.98% •(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% 21 November 2024. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5
Slide 12: Outlook
Outlook • Romania has an open economy with a widening budget deficit. November/December 2024 is a mayor election year in Romania and that is creating some extra political uncertainty. Consequently, the Romanian National Bank has kept the “Policy rate” unchanged at 6.5%. With such near-term horizon,
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