Baltic Horizon Fund · OMXTSE:NHCBHFFT
Baltic Horizon Fund — Q4 2024 Earnings Presentation
13 slides from Baltic Horizon Fund's earnings presentation, February 2025
Slide 1: Webinar Q4 2024 Baltic Horizon Fund
Webinar Q4 2024 Baltic Horizon Fund February 2025
Slide 2: Baltic Horizon Fund strategic ambitions
Baltic Horizon Fund strategic ambitions Strategic targets aim to ensure the future value creation for our investors Our 6 strategic targets Occupancy Operating results >95%+ EUR 18m Portfolio occupancy Clear ESG and refurbishment by the end of June 2025 strategy with an aim to reach portfolio NOI po
Slide 3: KPI overview
KPI overview KPI Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Occupancy (Quarter avg.) 78.4% 81.6% 82.3% 80.1% 81.0% Occupancy (End of Quarter) 81.1% 83.5% 79.1% 80.5% 82.1% Average rent (EUR/sqm) 13.0 13.1 13.0 12.8 12.9 Net Operating Income (‘000 EUR) 2,894 2,794 3,189 2,886 2,719 Total debt outstandin
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 31 December 2024 as of 31 December 2024 Retail Lithuania E
Slide 5: Leasing and tenant update
Baltic Horizon Fund leasing and tenant update Confirmation of active leasing efforts and client trust Key comments 2.9y 3.3y • During 2024, the Fund signed new leases for 22,743 sq. m, securing an WAULT until the first break WAULT until the first break annual rental income of EUR 2,945 thousand for
Slide 6: Occupancy Update February 2025
Occupancy Update February 2025 Several LOIs signed in order to reach 95%+ occupancy by end of June 2025 and increase the monthly NOI to 1,4-1,5 mEUR given that all tenants have completed their fitout works, moved into the premises, and maintaining the current asset portfolio without any disposals. T
Slide 7: Financial results for 2024 Q4: Profit and loss
Financial results for 2024 Q4 Profit and loss EUR ‘000 01.10. - 31.12.2024 01.10. - 31.12.2023 Change (%) Key comments: Rental income 3,779 3,755 0.6% • The Group earned consolidated net rental income of EUR 11.6 million in 2024 Service charge income 1,145 1,487 (23.0%) (2023: 14.6 million). Cost of
Slide 8: Financial results for 2024 Q4: Financial position
Financial results for 2024 Q4 Financial position EUR ‘000 31.12.2024 31.12.2023 Key comments: Non-current assets • As of 31 December 2024, the Fund’s GAV was EUR 256.0 million (31 December Investment properties 241,158 250,385 2023: EUR 261.1 million). The decrease compared to the prior year was mai
Slide 9: Financing summary
Financing summary As of 31 December 2024 Summary of financing terms Maturity by separate loan (EUR ‘000) 40 000 61.8% 6.7% 35 000 30 000 LTV Cost of debt Galerija 25 000 CC Plaza and BH Bonds MEUR 42 Postimaja 20 000 Long term 1.4% 2.7 years 15 000 Europa Upmala Biroji 10 000 Meraki * Vainodes Annua
Slide 10: Action plan for 2025
Action plan for 2025 • Continue signing new lease agreements to increase occupancy to 95%+ by June 2025 • Work on energy efficiency of the properties and achieve 4 star GRESB rating • Achieve a Debt Service Coverage Ratio (DSCR) of at least 1.2 through the combination of disposals and increasing NOI
Slide 11: 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 12: 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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