Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — Q3 2024 Earnings Presentation
12 slides from Baltic Horizon Fund's earnings presentation, Nov 15, 2024
Slide 1: Webinar Q3 2024
Webinar Q3 2024 Baltic Horizon Fund 15 November 2024
Slide 2: Modern City Life Strategy summarized
Modern City Life Strategy summarized Location and Accessibility: • Central locations • Good transportation infrastructure • Walkability and Bikeability Mixed-Use communities: • Mutipurpose spaces • Live-Work integration Sustainability and Wellness: • Green design elements • Health and Wellness Facil
Slide 3: KPI overview
KPI overview KPI Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Occupancy (Quarter avg.) 79.5% 78.4% 81.6% 82.3% 80.1% Occupancy (End of Quarter) 77.1% 81.1% 83.5% 79.1% 80.5% Average rent (EUR/sqm) 13.7 13.0 13.1 13.0 12.8 Net Operating Income (‘000 EUR) 3,228 2,894 2,794 3,189 2,886 Total debt outstandin
Slide 4: Baltic Horizon Fund portfolio summary
Baltic Horizon Fund portfolio summary The Fund is minimizing concentration risk by diversifying the client base, segment, and geographical allocation Rental concentration of the Fund’s subsidiaries Fund segment and country distribution as of 30 September 2024 as of 30 September 2024 8.7% Retail Lith
Slide 5: Leasing and tenant update
Baltic Horizon Fund leasing and tenant update Leasing activity in first nine months of 2024 Key comments sq. m. 13 333 9 742 Renewals 8 243 • From a lowest occupancy point in September 2023 at 77.1%, we have 6 641 In signed approx. 57,000 sq. m. in lease prolongations and in new leases over Out 2 40
Slide 6: Occupancy Update November 2024
Occupancy Update November 2024 Several LOIs signed in order to reach 90%+ occupancy by year-end 2024 and increase the monthly NOI to 1,4-1,5 mEUR given that all tenants have completed their fitout works, moved into the premises, and maintaining the current asset portfolio without any disposals. The
Slide 7: Financial results for 2024 Q3
Financial results for 2024 Q3 Profit and loss EUR ‘000 01.07. - 30.09.2024 01.07. - 30.09.2023 Change (%) Key comments: Rental income 3,690 3,893 (5.2%) • The Group earned consolidated net rental income of EUR 8.9 million in Q1-Q3 Service charge income 1,236 1,334 (7.3%) 2024 (Q1-Q3 2023: 11.7 milli
Slide 8: Financial results for 2024 Q3
Financial results for 2024 Q3 Financial position EUR ‘000 30.09.2024 31.12.2023 Key comments: Non-current assets • As of 30 September 2024, the Fund’s GAV was EUR 256.8 million (31 December Investment properties 241,579 250,385 2023: EUR 261.1 million). The decrease compared to the prior year was ma
Slide 9: Financing Summary as of 31 October 2024
Financing Summary as of 31 October 2024 Summary of financing terms Maturity by separate loan (EUR ‘000) 55 000 60.8% 6.4% 45 000 LTV Cost of debt 35 000 Galerija BH Bonds MEUR 42 25 000 Long term Europa 1.7% 2.4 years 15 000 CC Plaza and Postimaja Upmala Biroji Vainodes Meraki LNK Lincona Annual deb
Slide 10: Action plan for 2024-2025
Action plan for 2024-2025 • In order to reach our goals the action plan focuses on the following main topics: • Continue signing new lease agreements to increase occupancy to 90%+ by end of 2024 and 96%+ in H1 2025 • Continue refinancing certain properties and reduce bank amortizations and/or bond a
Slide 11: 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. Northern Horizon Capital AS (NHC) has taken all reasonable care to ensure that the information co
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