Investor Presentaiton
Financials
Debt maturity profile
Debt maturity profile (as at 30 September 2020)*
Total Debt
S$696.2mn(1)
Aggregate
Leverage
42.5%(2)
*Excludes Lippo Mall Puri Acquisition.
Interest Cover
(Excluding
Perpetual)
Fixed Rate
Debt Ratio
Weighted Ave.
Maturity of
Debt
2.6 times
95.1%
(1) LMIR Trust incurred additional S$120mn debt pursuant to financing for Lippo Mall Puri acquisition.
(2) The aggregate leverage will reduce to 40.2% post acquisition of Lippo Mall Puri.
Debt maturity profile (post Lippo Mall Puri acquisition)
(S$ million)
2.6 years
All-in cost
(Excluding
Perpetual)
5.48%
All-in cost
(Including
Perpetual)
5.85%
60
60
342.2
175.0
40
123.1
67.5
67.5
22.0
20
All debt are on unsecured basis
2021: S$22.0mn 3.75% + SOR revolving credit facilities
■2021: S$175.0mn 3.15% + SOR term loan due Aug 2021
2022: S$67.5mn 3.05% + SOR term loan due Nov 2022
□ 2022: S$40.0mn Vendor Financing due Apr 2022 (with
option to extend to 2023)
2023: S$67.5mn 3.25% + SOR term loan due Nov 2023
■2024: US$250.0mn (S$342.2mn^) 7.25% bond, swapped to
S$ at 6.71% due Jun 2024
2024: S$60.0mn BNP, CIMB term loan facility due Jan 2024
☐ 2026: S$20.0mn BNP, CIMB term loan facility due Jan 2026
■ Perpetual: S$140.0mn 7.00% Subordinated Perpetual
Securities issued in Sep 2016
■ Perpetual: S$120.0mn 6.60% Subordinated Perpetual
Securities issued in Jun 2017
2021
2022
2023 2024
2025
Cash and cash
equivalents as at
30 Sep 2020
Λ
LMIR Trust remains in compliance with the terms of its debt financial covenants and has
adequate financial reserves to fulfil its present obligations
Based on the prevailing exchange rate on 30 Sept 2020 of S$1.3692 = US$1.00
2026
LMIR Trust has also secured a US$75.0mn (S$102.7mn^) term
loan facility which is currently undrawn and could be used for
repayment of the S$175.0mn term loan due in 2021
36View entire presentation