Investor Presentaiton
Capital Management
Strong financial capacity and healthy liquidity position
($
Strong capital
M
Robust financing
flexibility
$
management
S$1.15¹
NAV per Stapled Security
38.0%
Gearing
(c. S$1.8 bil debt
headroom²)
Interest cover
52%
Total assets in foreign
currency hedged
2.8% (loss)
Impact of foreign exchange after hedges on
gross profit for FY 2022
1.8%
per annum
4.4X3
61%
Low effective
borrowing cost
of property value
unencumbered
BBB- (Stable Outlook)
Fitch Ratings
Notes: Above as at/for period ended 31 Dec 2022
1.
2.
3.
4.
The adjusted NAV per Stapled Security excluding distribution is S$1.13
Refers to the amount of additional debt before reaching aggregate leverage of 50%; based on an aggregate leverage limit of 45%, the debt headroom is c.S$1.0 bil
The adjusted interest cover ratio, including distributions on perpetual securities, is 3.6X
Balances as at 31 Dec 2022; includes committed credit facilities amounting to approximately S$534 mil
CapitaLand Ascott Trust
Fortifying liquidity
reserves
c.S$1.43 bil
Total available funds
c.S$365 mil
Cash on-hand
+
c.S$1,065 mil
Available credit facilities4
Investor Presentation
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