Investor Presentaiton
Balance Sheet and Cashflow
Liquidity position
US$m, unless stated
Dec 21
Mar 22
Jun 22
Key Balance Sheet Items
Cash Position¹
Borrowings
Net Debt
Net Debt to EBITDA²
1.
2.
FCCR²
221
155
160
920
979
1001
700
823
841
2.82x
2.79x
2.48x
4.62x
5.98x
5.93x
Delta Dunia
Free cash flow decreased reflected an incremental USD16mn capital expenditure to support
growth expected from two new contracts signed
Net debt to EBITDA ratio of 2.48x in 1H 2022, 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:
-
Lease liabilities
US$343m (paid US$7mn of US$350mn)
US$400m
outstanding of US$258mn
Operating Cashflow decrease by 3% from 1H21
-
To support operational activities
The Group continues to maintain good relationships with customers to ensure no delay of
payments
Free Cashflow decreased by 33% from 1H21
High growth capex to support volume growth and new contracts
-
Bank Loan
US$m, unless stated
FY20
FY21
Change
1H21
1H22
Change
-
Senior Notes
Unit Financials (US$)
Operating Cashflow
234
267
14%
127
21
83%
Free Cashflow
211
(188)
189%
48
(69)
n.m
9
Capital Expenditure
24
340
1305%
79
59
85
6%
Includes cash, cash equivalents and other current financial assets
Status of BUMA's in lieu of its Senior Notes and bank loan covenants
- STRICTLY CONFIDENTIAL -
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