Investor Presentation FY2021
BALANCE SHEET
ROBUST BALANCE SHEET POSITION SUPPORTED BY PRUDENT CAPITAL MANAGEMENT AND
GOVERNANCE
ALDAR
BALANCE SHEET
AED millions
ASSETS
Property, plant & equipment
Investment properties
LEVERAGE
Aldar
Investment
Aldar
Development
31 Dec 2021
31 Dec 2020
Outstanding
Debt (AED bn)
Sukuk: 3.7bn
Bank: 3.5bn
Bank: 1.2bn
(o/w SODIC: 596m)
(as at 31-Dec-21)
3,558
2,962
18,026
16,463
LTV1,2
38.5%
15.2%
(as at 31-Dec-21)
LHS, DWIP & inventories
10,671
8,401
Investment in associates & JVs
108
124
Leverage Policy
<40%
<25%
Receivables & other assets
8,323
6,786
Cost of debt
Cash
8,857
5,498
Avg. maturity
3.27% (Aldar 2.81%)
4.02 yrs (Aldar 4.08 yrs)
Total Assets
49,543
40,233
EQUITY & LIABILITIES
AED 5.4bn free & subsidiary cash
Liquidity
■ AED 4.7bn committed undrawn bank facilities
Equity
27,637
25,702
Debt
8,377
8,005
Payables, advances & other liabilities
13,529
6,526
Baa1 stable (Moody's)
Total Equity & Liabilities
49,543
40,233
AIP Credit Rating
Issuer of US$ 1bn of Islamic bonds maturing in
2025 and 2029
Note:
1.
Gross debt.
2. Includes SODIC.
INVESTOR PRESENTATION FY2021.
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