Romreal Ltd. · OSL:ROM
Romreal — Q4 2018 Earnings Presentation
14 slides from Romreal's earnings presentation, Feb 22, 2019
Slide 1: RomReal Limited Investor presentation Q4 2018 results
RomReal Limited Investor presentation Fourth Quarter (Q4) 2018 results Harris Palaondas - IR Webcast 22 February 2019 This Presentation of the Q4 2018 results of RomReal Ltd (the “Company”) has been prepared for discussion purposes only and should be read in conjunction with the Q4 2018 Report which
Slide 2: Contents
Contents Q4 2018 highlights 3-4 NAV movement in Q4 2018 5 Financial highlights – IFRS 6 RomReal Properties per Q4 2018 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: Q4 2018 results – Highlights
Q4 2018 results – Highlights Net Asset Value (NAV) • Net Asset value was EUR 0.47 (NOK 4.67) per share, being 3.8% lower compared to the end of the third quarter 2018. • The year-end 2018 valuation was concluded by Knight Frank and resulted in a 2.6% reduction of the portfolio’s fair value. Operatio
Slide 4: Q4 2018 results – Highlights (macro and real estate market)
Q4 2018 results – Highlights Macro and real estate market highlights • In the last quarter of 2018, the Romanian economy grew by 4.1 percent (gross series) and by 4 percent (seasonally adjusted data) compared with the last quarter of 2017. Compared with Q3 2018, Romania’s GDP rose by 0.7 percent in
Slide 5: NAV movement in Q4 2018
NAV movement in Q4 2018 Asset base Q4 2018 Q3 2018 EUR ’000 EUR/ share NOK/share EUR ’000 EUR/ share NOK/share Investment property 10,248 0.25 2.44 10,507 0.25 2.50 Assets held for sale 2,209 0.05 0.53 2,288 0.06 0.54 Inventories 2,504 0.06 0.60 2,690 0.07 0.64 Cash 3,469 0.08 0.83 3,685 0.09 0.88 O
Slide 6: Financial highlights - IFRS
Financial highlights - IFRS EUR '000 Q4 2018 Q4 2017 Operating Revenue 37 36 Operating Expenses (368) (2) Other operating income/ (expense), net (467) 2,079 Net financial income/(cost) - (726) Pre-tax result (798) 1,387 Result for the period (779) 1,176 Total assets 20,041 27,503 Total liabilities 4
Slide 7: RomReal Properties Q4 2018
RomReal Properties Q4 2018 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 the roads and utilities commenced in November 2018. The Company has sold a minor plot at a satisfactory price, subject to all outstanding regulation permits secured. Oasis (No. 3 on the table) - The new Planning Permission
Slide 9: Romanian Macro development
Romanian Macro development • Compared with Q3 2018, Romania’s GDP rose by 0.7 percent in Q4 2018, the 9th quarter in a row of increase. • Romania’s consumer prices inched up by 0.16% in December versus November and the annual inflation eased to under 3.3% in the month from 3.4% in November. • The av
Slide 10: Romania Real Estate Update
Romania Real Estate Update • According to Colliers, for retail, 2018-2019 seems be one of the best seasons in the post-crisis period. • Office market: Around 185,000 sqm in new modern office spaces are expected to be added in Bucharest in 2018, taking the total stock to 2.4 million sqm. Demand has b
Slide 11: Apartment Price Development (Jan '19)
Apartment Price Development (Jan ‘19) Romania • Average apartment prices in Romania registered a 1.5%, resulting in a total increase of circa 6.4% compared to the same period of 2017. Constanta • Prices in Constanta have reached in December 2018 EUR 1,117 /sqm, a 2% increase since the beginning of t
Slide 12: RomReal shareholders as at 12/02/2019
RomReal shareholders as at 12/02/2019 (1) This is the Top 20 Ranking Holding Percentage Name Shareholder list as per 1 10 336 054 24.98576 % SIX SIS AG 12 Feb 2019. 2 4 414 629 10.40321 % GRØNSKAG, KJETIL (2) The total issued 3 3 262 976 7.88772 % SAGA EIENDOM AS number of shares 4 3 071 656 7.42524
Slide 13: Main focus areas going forward
Main focus areas going forward • RomReal, according to the strategy, is focusing on land value enhancing activities in order to improve the shareholder value and exit. This includes, among others, increased sales & marketing efforts, if necessary use the strong balance sheet, and support the project
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