Sunborn International (SBI) investor relations material

Market Opportunity, Strategic Vision, and Business Model

• Floating hotel market projected to exceed $8 billion by 2032, growing at nearly 8% annually, driven by experiential travel and demand for waterfront accommodation.

• Over 25 years of floating hospitality experience, targeting prime waterfronts, major tourist destinations, and island resorts for expansion.

• Differentiated model offers capital efficiency, faster market entry, and asset mobility, leveraging premium waterfront locations without land acquisition.

• Sustainability is central, with new Evolution series targeting 70% operational energy savings, 99% green revenue, and all new hotels powered by renewables.

• Asset reusability allows relocation and refit, maximizing asset life and sustainability, with premium pricing due to unique guest experiences.

Growth Strategy, Development Pipeline, and Recent Progress

• Pipeline identified for up to 3,500 rooms globally, with a focus on scaling from 327 to over 800 rooms in the next few years and ambition to reach €1.5 billion in new hotel development over 5–10 years.

• Currently operates hotels in London and Gibraltar, with near-term developments in Vancouver, London (expansion), and Seville.

• Vancouver rezoning approved for a 250-room floating hotel; London planning decision pending, with Seville as a relocation and refit project.

• Nasdaq First North listing in April 2025 and Green Equity designation in March 2026.

• Partnerships with technical, academic, and development partners (e.g., Ledcor, Carrier, Mott MacDonald, Imperial College) and international developers to secure prime sites and replicate success globally.

Financial Performance and Projections

• 2025 full-year pro forma revenue: €26.7 million; EBITDA: €7.4 million (28% margin).

• London and Gibraltar hotels show strong performance, with Gibraltar achieving its fourth consecutive year of double-digit growth.

• By 2030, group revenue is projected at €85.7 million and EBITDA at €31.6 million, with a 37% margin.

• New hotels are targeting 40% EBITDA margins and 90% occupancy in prime locations.

• Equity ratio improved to 45.8% by end 2025, with recent refinancing in Gibraltar and bond extension in London strengthening the balance sheet.