Investor Presentaiton
Deleveraged the Group
Net Debt/ EBITDA
X
8
5.8x
6
4
2.6x
2
0.5x
0.1x
0
0.1x
(0.6)x
0
2015 2016 2017 2018 2019 2020
2021
1Q22 2Q22
-2
EBITDA / Interest Expense
X
(0.7)x (0.2)x
136.5x
➤ In January 2020, the Company
issued a 3 year Non-Call Life "NCL"
bond of US$ 400 million to ensure
adequate liquidity going forward.
➤ In 4Q21 Bayan fully prepaid all the
outstanding Bonds.
Existing Working Capital Facilities
of approximately US$ 280 million
are still available.
➤ Targeted net leverage of less than
2.5x EBITDA throughout the
commodity cycle.
➤ Bayan has been re-assigned
independent credit ratings of BB-
by Fitch in February 2022 and Ba2
by Moody's in September 2021.
250
200
171.5x
150
100
39.2x
46.8x
34.5x
50
16.8 x
9.9x
2.7x
3.7x
0
2015 2016
2017
2018 2019 2020
2021
1Q22 2Q22
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