Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — Shareholder Meeting (June 2026)
15 slides from Baltic Horizon Fund's shareholder meeting presentation, Jun 1, 2026
Slide 1: Annual General Meeting
Annual General Meeting 1 June 2026
Slide 2: AGM Agenda
AGM Agenda Presentation of the FY2025 audited annual report of Baltic Horizon Fund 1 Together with the interim report for Q1 2026 2 Overview of the plans for 2026 Q2 and Q3 Election of Mr. Priit Perens as a new member of the Supervisory Board 3 VOTING ITEM As of 1 June 2026, for a period of two year
Slide 3: Quorum reached
Ii Baltic Horizon Quorum reached
Slide 4: 2025: Reckoning
2025: Reckoning Over-indebtedness and negative cashflow − The Fund entered 2025 with the balance of EUR 22m bonds, and most of the property loans being in effective or imminent breach of covenants and/or expiry − Having faced continuously negative cash flow since 20201, the Fund was Situation at the
Slide 5: 2025: Rescue Steps
2025: Rescue Steps 01 02 03 04 Governance & guidance Urgent operational Risk of insolvency Conditions for new adjustments capital New Supervisory Board (SB) Cut all non-essential Without new capital, the SB EUR 7.5m minimum of the Fund composition overheads; adjusted scope concluded the Fund would (
Slide 6: 2025 Audited Financial Result
2025 Audited Financial Result EUR’000 FY 2025 FY 2024 FY 2025 FY 2024 REVENUE PROFIT FOR THE PERIOD Rental income 15,098 15,136 Net profit / (loss) (20,079) (16,781) Service charge income 4,947 4,744 Total revenue 20,045 19,880 OTHER COMPREHENSIVE INCOME Net gains / (losses) on cash flow hedges 252
Slide 7: 2025 Audited Financial Standing at year end (before strengthening of capital)
2025 Audited Financial Standing at year end (before strengthening of capital) EUR’000 31.12.2025 31.12.2024 31.12.2025 31.12.2024 NON-CURRENT ASSETS EQUITY Investment properties (valuation and capital expenditures) 208,940 241,158 Paid-in capital 151,495 151,495 Property, plant and equipment 7 5 Ret
Slide 8: 2026 Q1 Financial Result
2026 Q1 Financial Result EUR’000 Q1 2026 Q1 2025 Q1 2026 Q1 2025 REVENUE PROFIT FOR THE PERIOD Rental income 3,646 3,794 Net profit / (loss) 237 (968) Service charge income 1,259 1,332 Total revenue 4,905 5,126 OTHER COMPREHENSIVE INCOME Net gains / (losses) on cash flow hedges 365 51 PROPERTY COSTS
Slide 9: 2026 March Financial Standing
2026 March Financial Standing EUR’000 31.03.2026 31.12.2025 31.03.2026 31.12.2025 NON-CURRENT ASSETS EQUITY Investment properties (Nov 2025 Newsec valuation + capital expenditures) 209,437 208,940 Paid-in capital (+83m new units in March 2026) 163,765 151,495 Property, plant and equipment 7 7 Retain
Slide 10: Turnaround Objectives
Turnaround Objectives − Improve property operations across the portfolio Profitable, cash- 1 flow-positive − In-house sales & property management − Stringent control of all fund overheads and property costs operations − Lower cost of borrowing as debt volume and risk profile fall − Positive net leas
Slide 11: Plans for Q2-Q3 2026
Plans for Q2-Q3 2026 Leasing, leasing, leasing − New anchor lease with Abrands Cash & Carry in Hipokrata SC − Long-term solution with LVM in Vainodes − Civinity partnership − MyFitness expansion in Postimaja No decisions on further capital increases until the end of Q3 No decisions on future strateg
Slide 12: Proposed Supervisory Board Member
Proposed Supervisory Board Member Mr. Priit Perens PROPOSED SUPERVISORY BOARD MEMBER Priit Perens is a senior banking and corporate executive with over 30 years of leadership experience across the Baltic financial, energy, and healthcare sectors. He currently serves as CEO of Tartu University Hospit
Slide 13: Unitholder resolutions
Unitholder resolutions 3 Elect Mr. Priit Perens to the Supervisory Board for two years from 1 June 2026 FOR THE VOTE 4 Approve remuneration of EUR 11,000 per year for the new board member FOR THE VOTE 5 Extend the mandates of all current Supervisory Board members until 1 June 2028 FOR THE VOTE Thank
Slide 14: Q&A
Q&A Baltic Horizon Fund 14
Slide 15: Disclaimer
Disclaimer This material is provided to you for information purposes only. You should not rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever. Baltic Horizon Capital AS (BHC) has taken all reasonable care to ensure that the information cont
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