BUSINESS CONCEPT, STRATEGY AND GOALS

Balder's business concept is to create value by acquire, develop and manage properties for residential and commercial use based on local support in larger cities with a positive development.

Balder operates to be a long-term owner with stable cash flows, satisfied customers and employees who through a high level of activity and efficient management generate good profit from property management. The company generates growth by acquiring, investing in and developing properties while meeting customer needs.

Financial targets

Equity/assets ratio shall be at least 40 percent.
Net debt to total assets shall not exceed 50 percent.
Interest coverage ratio shall be at least 2 times (rolling twelve months).
Net debt/EBITDA shall not exceed 11 times (rolling twelve months).

Sustainability targets

For example, we shall:

Improve energy efficiency 2 percent per sq.m. and year.
More than halve emissions from own operations by 2030, with 2022 as a base, and achieve net-zero emissions throughout the entire value chain by 2045.
Obtain environmental certifications for all newly produced properties.
Have zero incidents of corruption or discrimination.
Increase the proportion of green financing.