Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — Q1 2025 Earnings Presentation
12 slides from Baltic Horizon Fund's earnings presentation, May 15, 2025
Slide 1: Webinar Q1 2025
Webinar Q1 2025 Baltic Horizon Fund 15 May 2025
Slide 2: KPI overview
KPI overview KPI Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Occupancy (Quarter avg.) 81.6% 82.3% 80.1% 81.0% 82.7% Occupancy (End of Quarter) 83.5% 79.1% 80.5% 82.1% 82.3% Average rent (EUR/sqm) 13.1 13.0 12.8 12.9 13.1 Net Operating Income (‘000 EUR) 2,794 3,189 2,886 2,719 2,970 Total debt outstandin
Slide 3: 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 31 March 2025 as of 31 March 2025 Retail Lithuania Estonia
Slide 4: Leasing and tenant update
Baltic Horizon Fund leasing and tenant update Confirmation of active leasing efforts and client trust Key comments • During the 3 months of 2025, the Fund signed new leases for approx. 2,000 2.9y 3.6y sq. m. Moreover, leases of approx. 5,500 sq. m. were prolonged. 7 new WAULT until the first break W
Slide 5: Occupancy Update May 2025
Occupancy Update May 2025 The main focus is on tenant negotiations in four properties: Upmalas Biroji, Europa, Galerija Centrs and S27. Leased area May Occupancy May Under Occupancy Property Sector NLA March 2025 2025* 2025* negotiations target Difference Lincona Office 10,767 92.6% 9,965 92.6% 761
Slide 6: Financial results for 2025 Q1: Profit and loss
Financial results for 2025 Q1 Profit and loss EUR ‘000 01.01.2025 01.01.2024 Change (%) Key comments: - 31.03.2025 - 31.03.2024 Rental income 3,794 3,846 (1.4%) • The Group earned consolidated net rental income of EUR 3.0 million in Q1 2025 Service charge income 1,332 1,048 27.1% (Q1 2024: 2.8 milli
Slide 7: Financial results for 2025 Q1: Financial position
Financial results for 2025 Q1 Financial position EUR ‘000 31.01.2025 31.12.2024 Key comments: Non-current assets Investment properties 226,220 241,158 • As of 31 March 2025, the Fund’s GAV was EUR 243.2 million (31 December 2024: EUR 256.0 million). The decrease compared to the prior year was mainly
Slide 8: Financing summary
Financing summary As of 31 March 2025 Summary of financing terms Maturity by separate loan (EUR ‘000) 40 000 61.4% 6.5% 35 000 30 000 Galerija LTV Cost of debt 25 000 CC Plaza and BH Bonds MEUR 42 Postimaja 20 000 Long term 15 000 Europa 0.4% 2.5 years 10 000 Vainodes Lincona Upmala Biroji S27 North
Slide 9: Action plan for 2025-2026
Action plan for 2025-2026 • Complete the de-listing of Baltic Horizon Fund SDRs on Nasdaq Stockholm. • Further analysis and implementation of cost reductions across the Fund and its SPVs including focus on improving energy efficiency of the properties. • Continue signing new lease agreements to incr
Slide 10: The core team
The core team Tarmo Karotam Aušra Stankevičienė Jūratė Gaspariūnienė Jurga Remeikė Robertas Pangonis Fund Manager Director Fund Services Head of Asset Management Head of Fund Control Investment Analyst tarmo.karotam@nh-cap.com ausra.stankeviciene@nh-cap.com jurate.gaspariuniene@nh-cap.com jurga.reme
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
Slide 12: Slide 12