Sunborn International (SBI) investor relations material

Strategic vision and market opportunity

• Focus on floating hotels leverages scarcity of prime urban waterfronts, offering a unique, capital-efficient alternative to land-based hotels with faster market entry and asset flexibility.

• Pipeline includes new developments in Vancouver, London, and Seville, with expansion plans targeting world cities, major tourist destinations, and pristine island resorts.

• Sustainability is central, with new Evolution series designed for low carbon, renewable energy, and at least 70% operational energy savings; 99% green revenue and all new hotels powered by renewables.

• Nasdaq Green Equity certification and technical partnerships enable access to green capital and proprietary capabilities.

• The global floating hotel market is projected to exceed $8 billion by 2032, growing at nearly 8% annually.

Recent progress and operational highlights

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

• Vancouver rezoning approved for a 250-room floating hotel; London planning decision pending.

• Gibraltar bond refinanced with a €62.5m facility, extending mooring agreement to 2030.

• Appointment of EVP of Development & Growth to reinforce the team.

• Seville project leverages asset mobility, relocating the London vessel after refit.

Financial performance and guidance

• 2025 revenue reached €26.7m with €7.4m EBITDA, reflecting a 28% margin; Gibraltar showed double-digit growth and improved margins.

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

• Current operations include 327 rooms, expected to scale to over 800 rooms in the next few years as new projects come online.

• New hotels aim for 40% EBITDA margins and 90% occupancy in prime locations, with existing operations improving toward 32–34%.

• Equity ratio improved to 45.8% by end 2025, with strengthened capital structure.