Investor Presentaiton
4
SCHEDULED DEBT AMORTIZATION CONTINUES TO IMPROVE LEVERAGE METRICS
BALANCE SHEET METRICS
CONSOLIDATED SCHEDULED DEBT AMORTIZATION 2020-23 ($M) (2)
7.1x(1)
$300
$3,750
Net debt to trailing 12-month
adjusted EBITDA
$225
63%
Net debt to total capitalization
as of Q2 2020
$150
$75
$0
2020
2021
Debt retired
Scheduled amortization
2022
CASH ITEMS
$173 million
Cash and cash equivalents on
June 30, 2020
$3,500
$27 million
Additional cash released in July
$3,250
from collateral on interest rate
and currency swaps
c.$30 million
$3,000
Incremental cash from
refinancing of 2021 debt
maturities in July 2020
$2,750
2023
$17 million
Year-end secured debt balance
Remaining cash equity
payments due in 2020 on the
newbuilds under construction
1.
2.
Net debt reflects Q2 2020 ending balance adjusted for subsequent cash released from collateral on interest rate and currency swaps and incremental liquidity from refinancing of 2021 debt maturities
Year-end secured debt balance excludes $315 million outstanding related to GasLog's senior unsecured USD bond and approximately $99 million related to. GasLog's senior unsecured NOK bond
October 2020 | Investor Presentation
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