Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — Baltic Horizon Webinar (April 2017)
28 slides from Baltic Horizon Fund's conference presentation, Apr 19, 2017
Slide 1: Baltic Horizon 2016 Annual Report Webinar
BALTIC HORIZON 2016 ANN7AL REPORT WEBINAR 19 April 2017
Slide 2: Agenda
AGENDA Baltic Horizon Fund performance of 12 months 2016 Portfolio review Nasdaq announcement – BHF plan of next public offering of new units 2
Slide 3: Audited Financial Results for 2016 – Financial Performance
A7DITED FINANCIAL RES7LTS FOR 2016 FINANCIAL PERFORMANCE • The financial results Euro ‘000 2016 2015 Change (%) remained unchanged Rental income 7,874 6,073 29.7% compared to the preliminary Expenses reimbursement revenue 2,594 2,062 25.8% disclosure on 17th of Cost of rental activities (3,315) (2,7
Slide 4: Audited Financial Results for 2016 – Financial Position
A7DITED FINANCIAL RES7LTS FOR 2016 FINANCIAL POSITION • Audited IFRS NAV per unit Euro ‘000 31.12.2016 31.12.2015 Change (%) E7R 1.3413. Investment property in use 141,740 86,810 63.3% Gross asset value (GAV) 154,938 89,671 72.8% • Audited EPRA NAV per unit E7R 1.4801. Interest bearing loans 69,172
Slide 5: Total Value of EUR 156 Million
TOTAL VAL7E OF E7R 156 MILLION Details of existing property portfolio +Duetto I Office in Vilnius acquired 22 March 2017 Coca-Cola Domus Upmalas Property Lincona Sky Europa SC G4S HQ Piirita Total Plaza Pro Biroji City Tallinn Tallinn CBD Riga Vilnius Vilnius CBD Tallinn Riga Tallinn Type Office Cin
Slide 6: Well Balanced Geographical and Segment Allocation
WELL BALANCED GEOGRAPHICAL AND SEGMENT ALLOCATION Geographic allocation post Duetto deal Segment allocation post Duetto deal 8,3% 36,9% 44,5% 45,3% 46,4% 18,6% Tallinn Riga Vilnius Office Retail Other Shared Service Center headcounts in Vilnius (InvestLithuania) 18000 16000 14000 12000 10000 8000 60
Slide 7: Well Balanced Tenant Mix with Large Nordic and International Tenants
WELL BALANCED TENANT MIX WITH LARGE NORDIC AND INTERNATIONAL TENANTS 10,4% G4S Eesti AS Forum Cinemas AS 9,2% SEB RIMI 5,7% SwedbanN AS 52,0% Cabot Latvia, SIA 7,8% SKAI BALTIJA SIA 3,9% Riigi Infosüsteemi Amet Maxima LT, UAB 2,8% 2,3% 2,2% EGA LT 1,8% 1,9% Others Maturities of existing lease agreem
Slide 8: Lincona Office Complex – Tallinn, Estonia
LINCONA OFFICE COMPLEX – TALLINN, ESTONIA Details of Lincona, 30 Sep 2016 Acquisition date July 2011 Acquisition price EUR 15.4 million1) Construction 2002/2008 Type Office Location Pärnu Rd 139a/Kohila St. 2a, Tallinn, Estonia NLA 10,859 sq.m. Fair value EUR 15.7 million (excluding Babycenter) Vaca
Slide 9: Lincona Office Complex – Tallinn, Estonia
LINCONA OFFICE COMPLEX – TALLINN, ESTONIA Tallinn city centre Lincona Office Complex The property is located in the southern part of Tallinn next to Pärnu Road, one of the city’s main transport arteries, and four Nilometres from Tallinn Old Town. It is also close to the intersection of two main stre
Slide 10: Sky Supermarket – Riga, Latvia
SKY S7PERMARKET – RIGA, LATVIA Details of Sky Supermarket, 30 Sep 2016 Acquisition date Jan 2013 Acquisition price EUR 4.5 million Construction 2000/2010 Type Shopping centre Location BiernieNu St 120 B, Riga, Latvia NLA 3,263 sq.m. Fair value EUR 5.43 million Vacancy 0.1% WAULT 4.4 years No. of lea
Slide 11: Sky Supermarket – Riga, Latvia
SKY S7PERMARKET – RIGA, LATVIA SNy SupermarNet Riga city centre The shopping centre is located in the centre of residential suburb Mežciems in northeast Riga. It has good transport connections with the city centre and suburbs thanNs to its location on BiNernieNu Street – one of the main traffic arte
Slide 12: Coca-Cola Plaza – Tallinn, Estonia
COCA-COLA PLAZA – TALLINN, ESTONIA Details of Coca-Cola Plaza, 30 Sep 2016 Acquisition date March 2013 Acquisition price EUR 11.9 million Construction 2001 Type Cinema Location Hobujaama St 5, Tallinn, Estonia NLA 8,664 sq.m. Fair value EUR 13.0 million Vacancy 0.0% WAULT 6.5 years No. of leases 1 M
Slide 13: Coca-Cola Plaza – Tallinn, Estonia
COCA-COLA PLAZA – TALLINN, ESTONIA Coca Cola Plaza Tallinn city centre Coca-Cola Plaza is based in the centre of Tallinn at Hobujaama Street 5. It is located within the CBD in the area between the mediaeval Old Town, the City Harbour and Viru Square. Hobujaama Street is one of the main arterial road
Slide 14: Coca-Cola Plaza – Tallinn, Estonia
COCA-COLA PLAZA – TALLINN, ESTONIA Connected building with two additional floors Coca-Cola Plaza The buildings are being developed following social responsibility principles in the area, in close cooperation with the city as it is one of the prime areas of the city. The Ney goal is also to facilitat
Slide 15: Domus Pro – Vilnius, Lithuania
DOM7S PRO – VILNI7S, LITH7ANIA Details of Domus Pro, 30 Sep 2016 Acquisition date May 2014 Acquisition price EUR 12.1 million Construction 1st stage 2014, 2nd stage 2016 (May), 3rd stage 2017 Type Shopping centre Location Bieliunu St 1, Vilnius, Lithuania 11,247 sq.m. operational; 4,380 sq.m. to be
Slide 16: Domus Pro – Vilnius, Lithuania
DOM7S PRO – VILNI7S, LITH7ANIA Domus Pro Vilnius city centre Domus Pro is a neighbourhood shopping centre located in north-eastern Vilnius, close to the PerNunNiemis neighbourhood and the intersection of the future northern bypass around Vilnius. PerNunNiemis is one of the newest and fastest-growing
Slide 17: Domus Pro – Development and Extension Plans
DOM7S PRO – DEVELOPMENT AND EXTENSION PLANS The Management Company decided to further expand the Domus Pro complex and is now worNing on a project for its third stage – a six-storey building with net lettable area of 4,380 sq.m. (gross lettable area of 6,180 sq.m.). The ground floor will be dedicate
Slide 18: Europa Shopping Center – Vilnius, Lithuania
E7ROPA SHOPPING CENTER – VILNI7S, LITH7ANIA Details of Europa Shopping Center, 30 Sep 2016 Acquisition date March 2015 Acquisition price EUR 35.8 million Construction 2004 Type Shopping centre Location Konstitucijos av. 7A, 7B, Vilnius, Lithuania NLA 16,856 sq.m.. Fair value EUR 38.0 million Vacancy
Slide 19: Europa Shopping Center – Vilnius, Lithuania
E7ROPA SHOPPING CENTER – VILNI7S, LITH7ANIA Europa Shopping Center Vilnius city centre With its 16,856 sq.m. of lettable area, the Europa SC is the fourth largest shopping centre in Vilnius. Compared to the larger three, Europa SC is the most centrally located. Its location in the very heart of the
Slide 20: New Projects in the Area Around Europa Shopping Center
NEW PROJECTS IN THE AREA ARO7ND E7ROPA SHOPPING CENTER 6 2 1 5 4 3 1. Europa Shopping Center 2. East Capital Explorer – New Swedbank office (A class, NLA 11,000 sq.m., opening in 2018, 70% pre-let to Swedbank) 3. Schage – Quadrum 1 (A+ class, NLA 30,000 sq.m., opened Q4 2016, 80% leased, including D
Slide 21: G4S Headquarters – Tallinn, Estonia
G4S HEADQ7ARTERS – TALLINN, ESTONIA Details of G4S Headquarters, 30 Sep 2016 Acquisition date July 2016 Acquisition price EUR 15.5 million Construction 2013 Type Office Location PaldisNi maantee 80, Tallinn, Estonia NLA 9,179 sq.m. Fair value EUR 16.8 million Vacancy 0.0% WAULT 6.1 years No. of leas
Slide 22: G4S Headquarters – Tallinn, Estonia
G4S HEADQ7ARTERS – TALLINN, ESTONIA Tallinn G4S city centre G4S Headquarters is located on PaldisNi maantee 80 in western Tallinn next to a busy arterial road and 4.5 Nm away from the Old Town. It taNes 10 minutes by car and 20 minutes by public transport to get to the Old Town of Tallinn. Travellin
Slide 23: Upmalas Biroji – Riga, Latvia
7PMALAS BIROJI – RIGA, LATVIA Details of Upmalas Biroji, 30 Sep 2016 Acquisition date August 2016 Acquisition price EUR 23.4 million Construction 2008 Type Office Location MuNusalas St 101, Riga, Latvia NLA 10,599 sq.m. Fair value EUR 22.5 million Vacancy 0.0% WAULT 4.6 years No. of leases 13 Major
Slide 24: Upmalas Biroji – Riga, Latvia
7PMALAS BIROJI – RIGA, LATVIA Riga city centre Upmalas Biroji Upmalas Biroji is located in south-central Riga, close to several important city districts. There is good infrastructure in connection with the property and heavy traffic flow along the property. By car, it taNes 10 minutes to the city ce
Slide 25: Piirita Shopping Center – Tallinn, Estonia
PIIRITA SHOPPING CENTER – TALLINN, ESTONIA Details of Piirita Shopping Center Acquisition date Dec 2016 Acquisition price EUR 12,2 million Construction 2016 Type Shopping centre Location Merivälja tee 24, Tallinn, Estonia NLA 5 500, sq.m. Fair value EUR 12.2 million Vacancy 0% WAULT 8 years No. of l
Slide 26: Duetto I Office – Vilnius, Lithuania
D7ETTO I OFFICE – VILNI7S, LITH7ANIA Details of Duetto I Office Acquisition date Mar 2017 Acquisition price EUR 14,6 million Construction 2017 Type Office building Location VirsulisNiu lane 26, Vilnius, Lithuania NLA 8 327, sq.m. Fair value EUR 14.9 million Vacancy 0% (rental guarantee 2 years) WAUL
Slide 27: New Public Offering
NEW P7BLIC OFFERING Plan for a new public Public offering planned for May 2017 offering announced Price most recent NAV (according to fund rules) today on 19 April 2017 Up to EUR 50 million Final amount depending on the suitable pipeline Purpose and goal: Acquire new carefully selected investment pr
Slide 28: Disclaimer
DISCLAIMER This material is provided to you for information purposes only. Before investing in any product managed by Northern Horizon Capital (NHC) or associated companies, you should inform yourself about legal and tax consequences, foreign exchange restrictions or exchange control requirements th
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