Investor Presentaiton slide image

Investor Presentaiton

Capitalisation as at 31 December 2015 St Barbara LIMITED A$M A$M Cash1 $100 Red Kite debt facility Senior Secured Notes (US$36m)² (US$180m) 1,3 $46 0.2x L+750 Jun-17 Year ended 31 Dec 2015 EBITDAX Interest Maturity Call Date Call Price| CFR: Rating Caa1(Stable) / B-(Stable) Caa1 / B- Lease liabilities Total Debt $244 0.9x 8.875% Apr-18 Callable 106.656 $3 0.0x $293 1.1x Caa1 / B- Net Debt $193 0.7x Shareholder's Equity $203 Capitalisation (Total Debt + Equity) $496 Debt Repayments (Actual and Contracted) Underlying EBITDA4 $266 Interest Expense $37 Capital Expenditure $36 A$58m actual voluntary A$101m actual voluntary repayments Red Kite anticipated to be fully repaid one year early (by 30 June 2016) A$244m US$ Notes A$46m Underlying EBITDA4 / Interest Expense 7.2x repayments Red Kite Fixed Charge Coverage Ratio5 6.2x Net Debt Capitalisation 39% FY15 FY16 FY17 FY18 Note: AUD:USD exchange rate as at 31 December 2015 was 0.7285 1. In February 2016, US$12M of senior secured notes repurchased at 2% discount using cash on balance sheet. 2. Net of $2.4m of capitalised transaction costs. Spread has LIBOR floor of 1.00%. 3. Net of $3.5m of capitalised transaction costs and $0.4m discount on notes. 32 Asia Investor Relations Roadshow/ March 2016 4. Non IFRS measure, refer slide in appendix 5. Non IFRS measure, Fixed Charge Coverage Ratio = (EBITDA - Capital Expenditures) / Interest expense.
View entire presentation