Investor Presentaiton
DEBT
DEBT OVERVIEW(1)
(US$m)
2021 Senior Notes
NGN Credit Facility (2)
2019 Senior Notes
Gross Debt
L2QA EBITDA
Gross L2QA Leverage
L2QA GROSS LEVERAGE (x)
Q2'17
6.3x
800.0
5.0x
107.7
4.7x
3.6x
13.1
920.8
253.8
3.6x
Q3'16 (3)
As Adj.
Q4'16
Q1'17
Q2'17
Gross leverage reduces to 3.6x
■ Gross leverage reduction following two quarters of EBITDA benefitting from FX resets
and escalations
■ Decreased gross leverage by 2.7x from peak in Q4 2016
€23
(1) Summary information sets forth certain non-IFRS measures for IHS Netherlands Holdco B.V. and its subsidiaries.
(2) Converted from Naira at 305.4 NGN/USD.
(3) Gives effect to the completion of the issuance of US$800m bonds on 27 October 2016, as well as the refinancing of existing IHS Nigeria debt and the tender of US$237m of IHS Towers Netherlands
FinCo NG B.V. bonds.
Q2 2017 Results
IHS
Towers of strength
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