Investor Presentaiton
Optimized Capital Structure
New SAR 7.2 billion Islamic facility secured in April 2018
Net Debt as of 31 March 18 | SAR mn
(73)
(119)
7,205
(272)
6,741
(458)
6,283
Long maturity
profile
Low cost of
funding
6-month
10-year termm
SIBOR+2.5%
Sufficient
Liquidity
SAR 305 mn
undrawn
Islamic facility Undrawn
total value amount
Loan
amortization
Settled
amount
Total Financial
Debt
Cash
10-Year Amortization Schedule
IPO Proceeds
Net Financial
Debt 31 Mar
19
LTV(1)
Net Debt
EBITDA
Debt to Equity
32%
4.2x
1.3x
7,205
272
500
511
622
684
707
741
779
826
879
Ample covenant headroom
684
Facility FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028
Deleveraging from IPO primary
proceeds to be reflected in 1Q FY2020²
1)
LTV calculated as net financial debt divided by the sum of the value of investment properties per JLL and land bank book value as of 31-Mar-2019 including Jeddah Park.
2)
SAR 780 million from IPO primary component to be used in debt repayment through a SAR 500 million early repayment to accelerate maturity by one year, in addition to SAR 280 million to be utilized in accordance with the repayment
schedule.
Arabian Centres Company.
Investor Presentation
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