Baltic Sea Properties As · OSL:BALT
Baltic Sea Properties As — Shareholder Meeting (May 2026)
19 slides from Baltic Sea Properties As's shareholder meeting presentation, May 12, 2026
Slide 1: Ordinær generalforsamling 2026
OSLO · 12 MAI · 12 MAY 2026 VELKOMMEN · WELCOME Ordinær generalforsamling 2026 Annual General Meeting 2026 Baltic Sea Properties AS · Euronext Growth Oslo: BALT
Slide 2: How the afternoon flows.
OSLO · 12 MAI · 12 MAY 2026 VELKOMMEN · WELCOME How the afternoon flows. Slik ser ettermiddagen ut KEY FACTS · NØKKELFAKTA Doors open · Shareholder registration 14:30 Dørene åpnes, registrering 8,696,077 Voting shares in issue Formal Annual General Meeting begins 15:00 Ordinær generalforsamling — de
Slide 3: Agenda for the formal meeting.
OSLO · 12 MAI · 12 MAY 2026 DAGSORDEN · AGENDA Agenda for the formal meeting. Innkalling til ordinær generalforsamling — items 1 to 10 Election of chairman of the meeting and co-signatory Election of the Nomination Committee 01 Valg av møteleder og person til å medundertegne protokollen 06 Valg av v
Slide 4: Formal Annual General Meeting
OSLO · 12 MAI · 12 MAY 2026 01 SAK · ITEMS 1 – 10 Generalforsamling Formal Annual General Meeting ANNUAL GENERAL MEETING 2026 BALTICSEA.NO · EURONEXT GROWTH OSLO: BALT
Slide 5: Opening of the meeting.
OSLO · 12 MAI · 12 MAY 2026 SAK 1–2 · ITEMS 1 & 2 Opening of the meeting. Åpning av møtet Election of chairman of the meeting and co-signatory 01 The general meeting is opened by the Chairman of the Board, James Clarke, or a person he designates. A chairman of the meeting and a co-signer of the minu
Slide 6: Approval of the annual accounts 2025.
OSLO · 12 MAI · 12 MAY 2026 SAK 3 · ITEM 3 Approval of the annual accounts 2025. Godkjennelse av årsregnskapet og årsberetningen for 2025 ANNUAL GENERAL MEETING 2026 BALTICSEA.NO · EURONEXT GROWTH OSLO: BALT
Slide 7: Six numbers, six everyday meanings.
OSLO · 12 MAI · 12 MAY 2026 NUMBERS, IN PLAIN ENGLISH · TALLENE FORKLART Six numbers, six everyday meanings. What the figures actually mean — before we dive into the financials NAV YIELD WAULT What we'd be worth, per share, if we How much our buildings yield unlevered How long-term our income is sol
Slide 8: Three stories from 2025.
OSLO · 12 MAI · 12 MAY 2026 STORY BEHIND THE NUMBERS · HVA TALLENE FAKTISK FORTELLER Three stories from 2025. How the metrics connect into something a shareholder can act on 01 02 03 Cash flow is growing. Finance metrics is going the right New entry of long-term income is way. secured. Mer penger in
Slide 9: 2025 in numbers.
OSLO · 12 MAI · 12 MAY 2026 DRIFT · OPERATIONS · 2025 2025 in numbers. · 13 projects · 131,000 m² GLA · NOK 1,456 m GAV NOK 77 + 10 % HEADLINE · TOTAL RETURN ON NAV (EUR) 9.1 % Net Asset Value pr share Total income growth ↑ from MNOK 72 Liepų Stage 1 + CPI + 34 % 9.2 yrs vs 11.2 % in 2024 Property m
Slide 10: Financial update – IFPM
Financial update –IFPM PROFIT OR LOSS · AMOUNTS IN EUR THOUSANDS · Income from Property management (IFPM) For the year ended (EUR) 2025 2024 YoY in perecentage Key info Rental income 9 012 8 292 721 +9% Net rent EUR 8.6 m (+7 %) Property expenses ex mng (408) (285) (123) − 43 % CPI linked rent, new
Slide 11: Consolidated balance sheet.
OSLO · 12 MAI · 12 MAY 2026 STATEMENT OF FINANCIAL POSITION · EUR THOUSANDS · 31 DEC Consolidated balance sheet. Group total assets · EUR 131 m · + 8 % YoY ASSETS EQUITY & LIABILITIES Line item 2025 2024 YoY Line item 2025 2024 YoY Investment property 122,938 113,661 +8% Share capital & premium 18,1
Slide 12: Return on NAV FY2025 build up
OSLO · 12 MAI · 12 MAY 2026 Return on NAV FY2025 build up Income return (of NAV) Value return (of NAV) 16.0% 12.0% +4.1% -0.3% -2.6% 9.1% +1.7% 8.0% 7.3% 6.1% 4.0% 0.0% Rent Property Net rent Admin & Net IFPM Valuation Other Tax Profit for Dividends yield expenses yield other op. finance change P&L
Slide 13: NAV & dividend development.
OSLO · 12 MAI · 12 MAY 2026 2020 – Q1 2026 · TRACK RECORD NAV & dividend development. Net Asset Value · € thousands · Updated through 31 March 2026 NAV TRACK RECORD Consistent NAV growth every year since 2020 — and the trend continued into Q1 2026. EUR 57.4 m NAV at 31 Mar 2026 · + 1.2 % vs YE 2025
Slide 14: Approval of the annual accounts 2025.
OSLO · 12 MAI · 12 MAY 2026 SAK 3 · ITEM 3 Approval of the annual accounts 2025. Godkjennelse av årsregnskapet og årsberetningen for 2025 PROPOSED RESOLUTION DISPOSITION · PARENT COMPANY The Board's proposal for the annual accounts and Result for the year NOK -736,708 directors' report for 2025, tog
Slide 15: Board authorisation to distribute dividends.
OSLO · 12 MAI · 12 MAY 2026 SAK 4 · ITEM 4 Board authorisation to distribute dividends. Styrefullmakt til å utdele utbytte DIVIDEND HISTORY (PER SHARE) UP TO · INNTIL 2023 NOK 1.60 NOK 2.50 per share · paid from share premium reserve 2024 2025 NOK 1.75 NOK 2.00 Authorisation valid until AGM 2027 — n
Slide 16: Board remuneration for 2026/2027.
OSLO · 12 MAI · 12 MAY 2026 SAK 5 · ITEM 5 Board remuneration for 2026/2027. Styrehonorar for 2026/2027 CHAIRMAN OF THE BOARD OTHER BOARD MEMBERS NOK 350,000 NOK 250,000 Up from NOK 300,000 in 2025/2026 Up from NOK 200,000 in 2025/2026 PROPOSED RESOLUTION Board remuneration for 2026/2027: NOK 350,00
Slide 17: Nomination Committee · Auditor.
OSLO · 12 MAI · 12 MAY 2026 SAK 6, 7 & 8 · ITEMS 6, 7 & 8 Nomination Committee · Auditor. Valgkomité · Revisor Election of the Nomination Committee 06 John Erik Halnes (as Chair) and John Arne Brennsund proposed for re-election. One-year terms, until AGM 2027. Nomination Committee remuneration 2026/
Slide 18: Authorisation to increase share capital.
OSLO · 12 MAI · 12 MAY 2026 SAK 9 · ITEM 9 Authorisation to increase share capital. Styrefullmakt til å forhøye aksjekapitalen CONTEXT · KEY TERMS UP TO The Board's existing authorisation expires at this AGM — renewal provides ~10 % flexibility for equity-funded growth and acquisitions paid in share
Slide 19: Authorisation to acquire treasury shares.
OSLO · 12 MAI · 12 MAY 2026 SAK 10 · ITEM 10 Authorisation to acquire treasury shares. Styrefullmakt til å erverve egne aksjer PURPOSE OF AUTHORISATION UP TO Shares acquired under the authorisation may be: ~10 % · Cancelled through a capital reduction · Used in remuneration to board members · Used i
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