Australia Coal and Laos Power: Operational and Financial Summary
Fundamentals (iv): financial discipline
CORE EBITDA RESILIENCE
•
EBITDA (US$ M)
1,040
974
BANPU
LIQUIDITY
CONSOLIDATED CASH (US$ M)
935
LONG TERM DURATION
BANPU'S BONDS*
Maturities (YEARS)
Bubble size represents
face value ($Bn**)
693
665
643
565
492
2010 2011 2012 2013 2014 2015
768
20
0.1
15
0.1
0.1
0.1
458
449
10
0.1
423
0.1
0.1 0.1
0.2
0.1
5
0.1
0.2
2010 2011 2012 2013 2014 2015
0
3.8 3.9 4.0 4.1 4.4 4.5 4.7 4.8 4.9 5.0 5.1
% INTEREST RATE
**assumes FX of Bt35.47/$
Long-term bond duration
of 9.5 years
Banpu has been able to generate
a robust EBITDA and cashflow
despite c.56% fall in the coal
benchmark price since 2011
•
•
Adequate cash on hand provides
•
strong liquidity cushion for
operations and growth
Prudent treasury and cash
management
* Bonds are issued during 2005-14
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