Romreal Ltd. · OSL:ROM
Romreal — Q1 2020 Earnings Presentation
15 slides from Romreal's earnings presentation, May 22, 2020
Slide 1: RomReal Limited Investor presentation Q1 2020 results
RomReal Limited Investor presentation First Quarter (Q1) 2020 results Harris Palaondas - IR Webcast 22 May 2020 This Presentation of the Q1 2020 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q1 2020 Report which is fi
Slide 2: Contents
Contents Q1 2020 highlights 3-4 NAV movement in Q1 2020 5 Financial highlights – IFRS 6 RomReal Properties per Q1 2020 7 Operational highlights 8-9 Romania Macro Developments 10 Romania Real Estate Update 11 Apartment Price Development 12 RomReal shareholders 13 Main focus areas going forward 14 Con
Slide 3: Q1 2020 results – Highlights
Q1 2020 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.45 (NOK 5.13) per share, that being almost flat compared to the end of the fourth quarter 2019. • The year-end 2019 valuation was concluded by Knight Frank in February 2020 therefore no further changes were made to the va
Slide 4: Q1 2020 results – Highlights
Q1 2020 results – Highlights Macro and real estate market highlights • Romania's economic growth decelerated to 2.4% year-on-year in the first quarter of 2020, compared to 5% annual increase in the like quarter of 2019, non-adjusted flash data of the country's statistical board, INS, indicated on 15
Slide 5: NAV movement in Q1 2020
NAV movement in Q1 2020 Asset base Q1 2020 Q1 2019 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 3,543 0.25 2.42 10,186 0.25 2.42 property Assets held for 2,329 0.05 0.52 2,200 0.05 0.52 sale Inventories 8,975 0.06 0.61 2,552 0.06 0.61 Cash 2,870 0.08 0.77 3,217 0.08 0.77 Ot
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q1 2020 Q1 2019 Operating Revenue 974 97 Operating Expenses (135) (162) Other operating income/ (expense), net (660) 134 Net financial income/(cost) (484) (1,037) Pre-tax result (305) (967) Result for the period (310) (976) Total assets 18,876 19,671 Total liabil
Slide 7: RomReal Properties Q1 2020
RomReal Properties Q1 2020 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 52,465 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) • The Company has signed the contract for the grid connection. • Contract for supplying gas to the area has been signed. • The Company is awaiting City Hall building authorisation soon in order to start work in the area. • A showroom house is plan
Slide 9: Operational highlights 2
Operational highlights 2 Contestation against the Tax Authority Decision no. F-CT 344/29.05.2018 • On 5th of November 2019 High Court of Justice decided to admit the appeal of the Tax Authority against the suspension decision issued by Constanta Court of Appeal during 2018 Court proceedings. • The H
Slide 10: Romanian Macro development
Romanian Macro development • Romania's economic growth decelerated to 2.4% year-on-year in the first quarter of 2020, compared to 5% annual increase in the like quarter of 2019, non-adjusted flash data of the country's statistical board, INS, indicated on 15 May 2020. • The statistics office announc
Slide 11: Romania Real Estate Update
Romania Real Estate Update • The total real estate investment volume registered in Romania in the first three months of 2020 amounted to 120.9 million euros, of which 85% were office and industrial property acquisitions • On the industrial property market, in the first quarter of 2020, a net area (v
Slide 12: Apartment Price Development (April 20)
Apartment Price Development (April 20) Romania • Average apartment prices in Romania reached EUR 1,367/sqm resulting in a total increase of circa 11.3% compared to April 2019 Constanta • Average apartment prices in Constanta reached EUR 1.229/sqm, with growth of 8.9% compared to April 2019 RomReal L
Slide 13: RomReal shareholders as at 15/05/2020
RomReal shareholders as at 15/05/2020 Rank Name Holding Stake 1 SIX SIS AG 10,331,934 24.98% (1) This is the Top 20 Shareholder list as 2 THORKILDSEN, WENCHE SYNNØVE 5,392,985 13.04% per 15MAY2020. 3 GRØNSKAG, KJETIL 4,422,475 10.60% (2) The total issued 4 SAGA EIENDOM AS 3,262,976 7.89% number of s
Slide 14: Main focus areas going forward
Main focus areas going forward • RomReal is focusing on land value enhancing activities in order to improve the shareholder value and exit. This includes, among others, investments to improve the sale-ability of certain plots and to commence and to some extent conclude regulation processes. • The Co
Slide 15: 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