Romreal Ltd. · OSL:ROM
Romreal — Q2 2019 Earnings Presentation
14 slides from Romreal's earnings presentation, Aug 30, 2019
Slide 1: RomReal Limited Investor presentation Q2 2019 results
RomReal Limited Investor presentation Second Quarter (Q2) 2019 results Harris Palaondas - IR Webcast 30 August 2019 This Presentation of the Q2 2019 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q2 2019 Report which i
Slide 2: Contents
Contents Q2 2019 highlights 3-4 NAV movement in Q2 2019 5 Financial highlights – IFRS 6 RomReal Properties per Q2 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: Q2 2019 results – Highlights
Q2 2019 results – Highlights Net Asset Value (NAV) • Net Asset value pre any tax was EUR 0.47 (NOK 4.58) per share, being 0.3% lower compared to the end of the first quarter 2019. • The year-end 2018 valuation was concluded by Knight Frank in February 2019, therefore no further changes were made to
Slide 4: Q2 2019 results – Highlights
Q2 2019 results – Highlights Financial Results • Net Result for the quarter was EUR 138,000 gain compared to a EUR 605,000 gain in 2Q 2018. Operating cash flow for the quarter was a negative EUR 36,000 compared to a negative EUR 181,000 in the same period last year. • At the end of the quarter, the
Slide 5: NAV movement in Q2 2019
NAV movement in Q2 2019 Asset base Q2 2019 Q2 2018 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment 10,776 0.26 2.57 12,725 0.31 3.03 property Assets held for 2,191 0.05 0.52 275 0.01 0.07 sale Inventories 2,492 0.06 0.59 2,690 0.07 0.64 Cash 3,191 0.08 0.76 3,099 0.07 0.74 Oth
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q2 2019 Q2 2018 Operating Revenue 41 1,894 Operating Expenses (250) (201) Other operating income/ (expense), net 45 (1,128) Net financial income/(cost) 302 - Pre-tax result 138 565 Result for the period 138 605 Total assets 19,830 20,727 Total liabilities 585 329
Slide 7: RomReal Properties Q2 2019
RomReal Properties Q2 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 are ongoing and the Company has several specific processes for selling plots in the area, a showroom house is going to be built on the plot in order to market the area. Oasis (No. 3 on the table) – The Company is presently
Slide 9: Romanian Macro development
Romanian Macro development • The flash estimate of 2Q19 GDP posted a 1% growth over the first quarter of this year and 4.7% gross series expansion compared to the first half of 2018 • First half of 2019 has witnessed a number of changes, including the 4.1% inflation rate and the introduction of the
Slide 10: Romania Real Estate Update
Romania Real Estate Update • The number of transactions declined significantly during Q2 2019 by 22% according to an analysis of imobiliare.ro due to the suspension of the Prima Casa government program during Jan-Feb 2019. • The Romanian government plans to bring major changes to its mortgage lendin
Slide 11: Apartment Price Development (31 July 19)
Apartment Price Development (31 July 19) Romania • Average apartment prices in Romania reached EUR 1,249/sqm resulting in a total increase of circa 3.1% compared to the same period of 2018 Constanta • Average apartment prices in Constanta reached EUR 1.138/sqm, remaining flat compared to the same pe
Slide 12: RomReal shareholders as at 21/08/2019
RomReal shareholders as at 21/08/2019 No Name Holding Stake (1) This is the Top 20 Shareholder list as per 1 SIX SIS AG 10,331,934 25.0% 21 August 2019. 2 GRØNSKAG, KJETIL 4,414,629 10.7% (2) The total issued 3 SAGA EIENDOM AS 3,262,976 7.9% number of shares 4 THORKILDSEN DØDSBO, KAY TØNNES 3,071,65
Slide 13: 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, increased sales & marketing efforts, when deemed sensible some infra-structure investments and engaging more resources into regul
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