Baltic Horizon Fund · OMXTSE:NHCBHFFT

Baltic Horizon Fund — Investor Presentation (June 2024)

11 slides from Baltic Horizon Fund's investor presentation, Jun 26, 2024

  1. Slide 1: Plan to issue new units by private placement

    Investor webinar Plan to issue new units by private placement 26 June 2024

  2. Slide 2: Improving the capital structure of the Fund

    Improving the capital structure of the Fund • The goal is to improve the capital structure of the Fund and show a stronger monthly operating profit by end of 2024; • Current LTV is 59% with target LTV at 50% in line with industry standards in the region; • The goal is also to improve financial flexi

  3. Slide 3: Plan 2025 and dividend

    Plan 2025 and dividend • The Fund targets to reach full stability by 2025; • Current monthly NOI is EUR 1 mEUR and the aim is to reach a monthly NOI of up to EUR 1,4 mEUR in 2025. At the same time the goal is to decrease the cost of debt by partially redeeming the bond; • Effective solution in order

  4. Slide 4: Private Placement VS Public Offering

    Private Placement VS Public Offering Private Placement Public offering Investors Targeting limited number of investor, usually with Targeting wide number of regional retail and higher tickets. institutional investors with less limitations. • up to 149 retail investors per EU member country can be ta

  5. Slide 5: Q&A session

    Q&A session

  6. Slide 6: 1. Why is the capital raise needed – is it due to financial problems?

    1. Why is the capital raise needed – is it due to financial problems? The capital raise is one of several measures taken to further stabilizing the fund. New capital will increase the fund’s liquidity and enable us to invest into our properties in case needed to welcome new tenants and lower the vac

  7. Slide 7: 3. Why are you planning the private placement now when the unit price is at its lowest

    3. Why are you planning the private placement now when the unit price is at its lowest value and much lower than the value of the portfolio? Right now, the unit price is at a low value and much lower than what we believe the value of the portfolio is, but unfortunately, we are not able to control th

  8. Slide 8: 5. Are the Management Board or other representatives acquiring units?

    5. Are the Management Board or other representatives from the management company acquiring units? Of the new capital we expect approx. 50% to be committed by current anchor investors and Northern Horizon management team as the belief is that when the financial standing of the Fund improves, the long

  9. Slide 9: 7. Why are the smaller investors not invited to participate?

    7. Why are the smaller investors not invited to participate? Private placement is normally targeting investors known to us with larger tickets. The offering can also be targeted to up to 149 retail investors per EU member country (not including institutional investors such as banks and pension funds

  10. Slide 10: 10. What will happen if shareholders vote against the private placement?

    10. What will happen if shareholders vote against the private placement? In this case the management team continues to focus on other two avenues: disposing a non-strategic asset in a challenging market and refinancing expensive debt. 11. Why do you not just close down the fund? After thorough analy

  11. Slide 11: Copyright © Northern Horizon 2024. All rights reserved

    Copyright © Northern Horizon 2024. All rights reserved

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