Investor Presentaiton
Mapen Building Fund
4-4 Financial Strategy (1/2) - LTV and Long-Term Fixed-Rate Debt Ratio NBF
36-46% (maximum of 56%) for LTV
90% or higher for the long-term fixed-rate debt ratio
■LTV & Long-Term Fixed-Rate Debt Ratio
(%)
100
■ Average Maturity (Long-Term Interest-Bearing Debt)
(Years)
00
90
80
70
6
99.6
5
96.4
97.7
96.5
95.0
94.7
95.2
5.16
93.8
4
4.76
4.73
4.53
4.29
Target 90% or higher for the long-term
fixed-rate debt ratio
4.20
4.02
4.11
3
2
1
0
2H/2012 1H/2013 2H/2013 1H/2014 2H/2014 1H/2015 2H/2015 1H/2016
23rd 24th 25th 26th 27th 28th 29th 30th
Period Period Period Period Period Period Period Period
60
50
■Average Interest Cost on Borrowings
45.2
40
40
44.4
43.8
43.1
41.9
41.9
41.3
42.1
(%)
2.00
Target: 36-46% for LTV
30
50
20
20
10
10
1.44
1.32
1.34
1.00
1.25
1.23
1.18
1.10
0.94
0
0.00
2H/2012 1H/2013 2H/2013 1H/2014 2H/2014 1H/2015 2H/2015 1H/2016
23rd
24th
25th
26th
27th
28th
29th
30th
Period Period Period Period Period Period Period Period
2H/2012 1H/2013 2H/2013 1H/2014 2H/2014 1H/2015 2H/2015 1H/2016
23rd 24th 25th 26th 27th 28th 29th 30th
Period Period Period Period Period Period Period Period
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