Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — Shareholder Meeting (September 2025)
12 slides from Baltic Horizon Fund's shareholder meeting presentation, Sep 9, 2025
Slide 1: Annual General Meeting
Annual General Meeting Baltic Horizon Fund 9 September 2025
Slide 2: KPI overview
KPI overview KPI Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Occupancy (Quarter avg.) 78.4% 81.6% 82.3% 80.1% 81.0% 82.7% 82.6% Occupancy (End of Quarter) 81.1% 83.5% 79.1% 80.5% 82.1% 82.3% 84.2% Average rent (EUR/sqm) 13.0 13.1 13.0 12.8 12.9 13.1 13.5 Net Operating Income (‘000 EUR) 2
Slide 3: Q2 report key messages - Challenges in Executing our Strategy
Q2 report key messages - Challenges in Executing our Strategy • Occupancy target of 90% has been more difficult to achieve, as both leasing to new tenants and retaining existing ones have become increasingly challenging. Loan-To-Value (LTV) ratio of 50% could only be attainable short-term in combina
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 June 2025 as of 30 June 2025 Retail Lithuania Estonia 5
Slide 5: Leasing and tenant update
Baltic Horizon Fund leasing and tenant update Confirmation of active leasing efforts and client trust Key comments • Overall, during the 6 months of 2025, the Fund signed new leases for approx. 9,250 sq. m. Moreover, leases of approx. 6,600 sq. m. were 2.9y 3.5y prolonged. 30 new tenants have been a
Slide 6: Occupancy Update
Occupancy Update The main focus is on tenant negotiations in four properties: Upmalas Biroji, Europa, Galerija Centrs and S27. Occupancy Signed Leases Under TOTAL Leased Area Occupancy Property Sector NLA Leased Area Aug 2025 & Expiries Negotiations Net Dec 2025 Dec 2025 Lincona Office 10,767 9,947
Slide 7: Financial results for 2025 Q2: Profit and loss
Financial results for 2025 Q2 Profit and loss EUR ‘000 01.04.2025 01.04.2024 Change (%) Key comments: - 30.06.2025 - 30.06.2024 Rental income 3,734 3,821 (2.3%) • The Group earned consolidated net rental income of EUR 6.1 million in H1 2025 Service charge income 1,217 1,315 (7.5%) (H1 2024: 6.0 mill
Slide 8: Financial results for 2025 Q2: Financial position
Financial results for 2025 Q2 Financial position EUR ‘000 30.06.2025 31.12.2024 Key comments: Non-current assets Investment properties 227,474 241,158 • As of 30 June 2025, the Fund’s GAV was EUR 238.8 million (31 December 2024: EUR 256.0 million). The decrease compared to the prior year was mainly
Slide 9: Debt Overview as of August 2025
Debt Overview as of 31 August 2025 Development of margin (including bonds) and total Maturity by separate loans, TEUR interest rate 7,00% 40 000 6,95% 35 000 6,70% 6,54% 6,00% 6,47% 6,58% 6,02% 30 000 Galerija 5,00% 25 000 CC Plaza and BH Bonds MEUR 42 Postimaja 4,00% 20 000 Long term 3,60% 3,75% 3,
Slide 10: Action plan for 2025
Action plan for 2025 • Complete the de-listing of Baltic Horizon Fund SDRs on Nasdaq Stockholm. Nasdaq Stockholm approved the application on 14 July 2025 with the last day of trading in SDRs on Nasdaq Stockholm being 8 October 2025. Further reductions in operating expenses expected by end of 2025. •
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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