Investor Presentaiton
GROWTHPOINT G
PROPERTIES
Debt management and gearing
Summary of debt facilities
(as at 30 June 2018)
Secured bank loans Limit
Drawn
Maturity
Gearing
target range
$m
$m
35%-45%
Syndicated Facility
- Facility B
100
100
Mar-23
- Facility C
245
245
Dec-21
- Facility D
70
70
Dec-21
Targeting
Balance Sheet Gearing
55%
50%
45%
40%
35%
- Facility E
150
100
Jun-23
fixed
30%
- Facility G
150
30
Sep-21
65-100%
- Facility I
75
25%
Change in gearing and cost of debt (%)
65%
60%
8.0%
7.5%
7.0%
6.5%
6.0%
5.5%
5.0%
4.5%
4.0%
75
Nov-20
of drawn debt
- Facility H
75
Sep-20
0%
0%
Loan note 1
200
200
Mar-25
June 11
June 12
June 13
Currently
Loan note 2
100
100
Dec-22
82%
56.1
45.6
46.5
June 14
40.3
June 15
June 16
June 17
June 18
36.3
41.2
38.5
33.9
Loan note 3
60
60
Dec-22
7.7
7.3
6.7
5.8
4.8
4.1
4.3
4.4
Fixed bank facility 1
90
90
Dec-22
USPP 1
130
130
Jun-27
USPP 2
52
52
Jun-29
ICR (as at 30 June 2018)
USPP 3
26
26
Jun-29
Total loans
1,523
1,203
4.0
Weighted average
fixed debt maturity
Gearing
of
4.0x
4.1
4.1
4.2
3.5
3.0
2.9
All-in cost
of debt
2.0
5.5yrs 33.9% 4.4%
Growthpoint Properties Australia USPP Investor Presentation | October 2018
1.0
1.6x
0
Dec 13
Dec 14
Dec 15
Dec 16
Dec 17
Dec 18
6
- All-in cost of debtView entire presentation