Investor Presentaiton
8 Solid balance sheet and liquidity
Back-ended amortisation profile (US$m)
On November 8th
2023, Foraco
completed the
early repayment
Refinanced
debt
75
+1.5 years of average life at minimum
47*
of its US $85
million
10 11
11
11
outstanding
senior secured
2024
bonds facility
2025
Marathon debt
2026
2027
■New debts
provided by
(*) Reschedulable over 6 years
Solid credit profile
Long-term gross debt
Net debt
FORACO
As of Q3'23
$97m
$80m
8
EBITDA TTM
$85m
2028
Net leverage
0.9x
Marathon Asset
Management LP
by raising US $87
million in new
debt from
Desjardins and
Caisse d'Epargne
Reduced financial expenses
Strong liquidity to finance growth
The refinancing significantly reduced the cost of debt
by approximately 50%
As of Q3'23
Desjardins
CAISSE
D'EPARGNE
14
FY2024 financial cost¹ (in $m)
c.(50)%
7
Previous debt structure
Post refinancing debt structure
Notes:
1.
Estimated financial interests, excluding other operational debts
2.
Excluding overdrafts
Cash and cash equivalent
• 0°
New committed facilities
from Desjardins
(proforma refinancing)
$26m
$11m
Strong cash profile amplified with the refinancing
providing us with the opportunity to review our capital
allocation
FORACO.COM
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