Delta Dunia Operational and Financial Strategies
1.
2.
Balance Sheet and Cashflow
US$m, unless stated
Jun 21
Sep 21
Liquidity position
Dec 21
Key Balance Sheet Items
Cash Position¹
126
371
221
Borrowings
Net Debt
Net Debt to EBITDA²
FCCR²
537
894
920
◉
412
523
700
3.17x
3.23x
2.82x
2.49x
2.96x
4.62x
Delta Dunia
Free cash flow decreased significantly reflected a significant incremental USD317mn capital
expenditure to support growth expected from two new contracts signed
Net debt to EBITDA ratio of 2.8x in 4Q 2021, showing that BUMA remain in healthy condition
and continue maintaining minimum debt level
Refinancing of 2022 Notes
-
Refinanced MUFG loan and Senior Notes 2022 with new US$400M Senior Notes 2026 with
greater flexibility to accommodate growth
Secured new US$350M Syndicated Facility led by Mandiri to fund growth capex and Australia
acquisition
Borrowings comprise:
US$350m (amortization not started yet)
US$400m
Bank Loan of
US$m, unless stated
FY20
FY21
Change 4Q20 4Q21
Change
Senior Notes
Unit Financials (US$)
Financing leases
Operating Cashflow
234
267
14%
32
114
260%
Free Cashflow
211
(188)
189%
25
(66)
778%
-
-
Capital Expenditure
24
24
340
1305%
6
171
2,879%
Includes cash, cash equivalents and other current financial assets
Status of BUMA's in lieu of its Senior Notes and bank loan covenants
US$125m
Operating Cashflow increased by 14%
Driven by higher revenue and EBITDA and more efficient working capital management
The Group continues to maintain good relationships with customers to ensure no delay of
payments
Free Cashflow decreased by 189% from FY20
- High growth capex to support volume growth and new contracts
Certain investment by the Group
- STRICTLY CONFIDENTIAL -
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