ESG Initiatives and Development Overview

6.0 FINANCIAL STRENGTH AND FLEXIBILITY 74% of Q1 2022 assets As at Q1 2021 2020 2019 2018 2017 2022 Unsecured revolving credit $800 $800 $800 $800 $800 $800 facilities (million) Unencumbered assets (billion) $7.5 $7.4 $7.0 $7.0 $7.3 $7.4 Unencumbered assets to unsecured debt 2.3x 2.3x 2.1x 2.2x 2.5x 2.4x Secured debt as % of total assets 12.3% 12.7% 15.2% 14.6% 14.1% 12.7% Net debt to total assets 43.8% 43.9% 47.3% 46.7% 42.2% 43.8% Net debt to EBITDA 11.1 11.2x 12.0x 10.0x 9.6x 9.8x EBITDA interest coverage 2.4x 2.3x 2.1x 2.4x 2.5x 2.5x First Capital 51

View entire presentation