Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — H1 2016 Earnings Presentation
13 slides from Baltic Horizon Fund's earnings presentation, Sep 16, 2016
Slide 1: Investor Webinar H1 2016
INVESTOR WEBINAR H1 2016 2016 09 16 Page 1
Slide 2: Agenda
AGENDA 1. Baltic Horizon IPO 2. Baltic Horizon portfolio 3. H1 financial results 4. Q&A Page 2
Slide 3: Baltic Horizon Fund Pre-History
BALTIC HORIZON FUND PRE-HISTORY EFSA Decision 23 May NHC SB • AIFM License EFSA Decision INVESTOR Merger decision • BHF registration 6 June MEETING • Approval of merger Prospectus LISTING BOF investors 6 July KICK-OFF Jan Feb March April May June July FILING FILING FILING FILING IPO MERGER & AIFM Li
Slide 4: Key Fund Facts
KEY FUND FACTS BHF Baltic Opportunity Fund (BOF) Fund registration 23 May 2016 1 September 2010 Merger of the funds 30 June 2016 • Closed-ended contractual fund • Closed-ended contractual fund Type • Real estate fund • Real estate fund • Public fund • Non-public fund Listing Nasdaq Tallinn (Fund Lis
Slide 5: Portfolio Overview
PORTFOLIO OVERVIEW Geographic allocation Well balanced portfolio 7 properties in capital cities geography and segment — 3 office properties — 3 retail properties wise — 1 leisure/retail property 42,6% 34,6% Portfolio yield ~7,15% Total NLA c.a. 73,000 m2 Portfolio value ~mEUR 125 22,8% Full
Slide 6: New Acquisition – G4S Headquarters in Tallinn
NEW ACQUISITION – G4S HEADQUARTERS IN TALLINN Page 6
Slide 7: New Acquisition – Upmalas Biroji Office in Riga
NEW ACQUISITION – UPMALAS BIROJI OFFICE IN RIGA Page 7
Slide 8: Portfolio Summary
8 PORTFOLIO SUMMARY Lincona Office Coca-Cola Plaza Sky Supermarket Domus Pro Europa Shopping G4S Headquarters Upmalas Biroji Complex Center Lincona Office Property Complex Coca-Cola Plaza Sky Supermarket Domus Pro Europa Shopping Center G4S Headquarters Upmalas Biroji City Tallinn Tallinn CBD1) Riga
Slide 9: Interim Financial Results (H1 2016)
INTERIM FINANCIAL RESULTS (H1 2016) FINANCIAL PERFORMANCE • NOI increased by 23%, ’000 Euro H1 2016 H1 2015 Change (%) mainly due to Europa Rental income 3,276 2,704 21.1% property operating from the Expenses reimbursement revenue 1,193 885 34.8% beginning of year. Cost of rental activities (1,554)
Slide 10: Interim Financial Results (H1 2016)
INTERIM FINANCIAL RESULTS (H1 2016) FINANCIAL POSITION ’000 Euro 30.06.2016 31.12.2015 Change (%) Assets • Approx. EUR 21m. net Investment properties 87,266 86,810 0.5% proceeds from IPO Other non-current assets 213 263 -19.0% Trade and other receivables 724 840 -13.8% • IFRS NAV per unit EUR 1.2745
Slide 11: Key Priorities
KEY PRIORITIES 1. Well diversified and liquid real estate platform for both institutional and retail investors 2. Enhance liquidity in the secondary market by building a recognizable brand of Baltic Horizon in the region 3. Growth of the fund through new acquisitions to build cost efficiency 4. Focu
Slide 12: Important Notice
IMPORTANT NOTICE By attending the webinar where this presentation is made, or receiving or being exposed to this presentation otherwise, you agree to be bound by the limitations below: This presentation has been prepared by Northern Horizon Capital AS (NHC) solely for use at the presentation to in
Slide 13: Questions and Answers Session?
QUESTIONS AND ANSWERS SESSION? Page 13