Romreal Ltd. · OSL:ROM
Romreal — Q3 2023 Earnings Presentation
13 slides from Romreal's earnings presentation, Nov 24, 2023
Slide 1: RomReal Limited Investor presentation Q3 2023 results
RomReal Limited Investor presentation Third Quarter (Q3) 2023 results Kjetil Gronskag 24 November 2023 This Presentation of the Q3 2023 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q3 2023 Report which is filed on Eu
Slide 2: Contents
Contents Q3 2023 highlights 3-4 NAV movement in Q3 2023 5 Financial highlights 3Q.23 – IFRS 6 RomReal Properties per 3Q 2023 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 2023 results – Highlights
Q3 2023 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.40 (NOK 4.55, before any tax) per share, an increase of 5.6% measured in EUR from the end of the second quarter 2023. EUR/NOK was 10.67 end 2022 versus 11.30 by the end of Q3.23. Operational highlights • During the third
Slide 4: Q3 2023 results – Highlights
Q3 2023 results – Highlights Financial Results • Net Result for the quarter was a profit of EUR 934,000, compared to a EUR 760,000 loss in 3Q 2022. Net change in cash flow for the quarter was a negative EUR 113,000 compared to negative of EUR 331,000 in the same period last year. This was mainly due
Slide 5: NAV movement in Q3 2023
NAV movement in Q3 2023 Asset base Q3 2023 Q2 2023 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 2,877 0.07 0.78 4,399 0.11 1.24 property Assets held for 0 0.00 0.00 0 0.00 0.00 sale Inventories 6,932 0.17 1.89 6,449 0.16 1.82 Cash 3,323 0.08 0.90 3,436 0.08 0.97 Other 3,574
Slide 6: Financial highlights 3Q.23 - IFRS
Financial highlights 3Q.23- IFRS EUR '000 Q3 2023 Q3 2022 Operating Revenue 3,140 2,212 Operating Expenses (254) 59 Other operating income/ (expense), net (1,615) (1,458) Net financial income/(cost) 59 64 Pre-tax result 1,329 876 Result for the period 934 760 Total assets 17,384 17,704 Total liabili
Slide 7: RomReal Properties Q3 2023
RomReal Properties Q3 2023 Plot name Location Size (m2) 1 Ovidiu Lakeside Constanta North/Ovidiu 2,475 2 Ovidiu residence Constanta North/Ovidiu 9,946 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. Following the end of Q3 2023, the Company concluded sale of one plot from the Ovidiu Lake Side project. Street and util
Slide 9: Romanian Macro development
Romanian Macro development • The Romanian GDP slowed to 0.2% year-on-year in the third quarter of 2023, well below market expectations of 2.5% growth and following a 1% increase in the previous three-month period, a preliminary estimate showed. • On 8th November this year, the National Bank decided
Slide 10: Apartment Price Development (End September 23)
Apartment Price Development (End September 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
Slide 11: RomReal shareholders as at 20/11/2023
RomReal shareholders as at 20/11/2023 Owner Rank Name Holding ship 1 SIX SIS AG 10,331,934 24.98% •(1) This is the Top 20 2 GRØNSKAG, KJETIL 5,913,006 14.29% Shareholder list as per 3 THORKILDSEN, WENCHE 5,392,985 13.04% 20 November 2023. 4 SAGA EIENDOM AS 3,386,636 8.19% 5 AUSTBØ, EDVIN 2,108,500 5
Slide 12: Outlook
Outlook • Both the CPI and GDP growth in Romania is heading lower hitherto 2023. The CPI is reduced less rapid than most experts expected and GDP the opposite. The weakening macro fundamentals have already resulted in clearly slower sales in all the remaining projects. Due to the weaker market situa
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