Delta Dunia Corporate Strategy and Highlights
3 Capital Management: Active capital management sees >60% of debt due in 2026 or later
Delta Dunia
Capital Management in 2021
US$400 million
% of Debt
Senior Notes - Rated BB- by Fitch (Stable), Ba3 by Moody
9%
7%
Due
Refinancing of previous debt structure was completed in
March 31, 2021
800
Coupon of 7.75% p.a.
Tenor of 5NC2 - due 2026
Debt Maturity Profile (US$m)
10%
13%
61%
0%
"
Settlement at maturity (no amortization)
Secured by DSRA
600
Main use of proceeds to repay previous bank loans and
Senior Notes
Minimal debt repayment
requirements from 2022 to 2025
524
US$350 million
400
Syndicated Loan Facility
"
Interest of LIBOR+3% p.a.
200
Tenor of 4.75 years maturing Jan 2026
110
73
87
Step-up amortization with average life of 3.65 years
60
Secured by assets
Main use of proceeds to support organic and inorganic
growth
0
2022
2023
The formerly bilateral loan facility is now a syndicated loan
facility consisting of Bank Mandiri and JTrust.
■Bonds
2024
Bank Loans
2025
2026
2027
Financing Leases
As of September 2021, the facility was fully drawn.
Financing Leases
"
Average cost of LIBOR + 4.00% - 4.50%
Tenor 4-5 years, some extendable to 7 years
Straight-line installments
"
Outstanding at March 2022 appx. US$205 million¹
1.
Excludes rights-of-use lease labilities from capitalized operating lease
■
Post orderbook expansion over the last 2 years, the current mining services contracts are expected to be stable and consistent
Back-ended amortization, preserving liquidity in the early years, providing flexibility to pursue growth
◉
Low average cost of debt
■
Maintains great rapport with numerous suppliers. Post-BUMA Australia acquisition, the Group is now seeking to enter global supply
contract agreements
As we did in 2021, we will continue to actively manage our capital structure, in consideration of market conditions and opportunities
- STRICTLY CONFIDENTIAL -
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