HOUSING DEVELOPMENT CORPORATION Investors Presentation
Financial overview of HDC
Total debt, Total assets, and Total debt / Total assets
(US$m, %)
1,812
27%
486
1,964
32%
631
2,341
Adjusted EBITDA (1) and Adjusted EBITDA margin (1)
(US$m, %)
30%
n.m.
220.8
695
2018A
2019A
11M2020
■Total assets Total debt
Total debt/Total assets
Adjusted EBITDA (1) / Finance costs
(x)
DSCR
(%)
33.0x
2018A
2.8x
1.6x
2019A
11M2020
90%
65%
33.0
HOUSING
DEVELOPMENT
CORPORATION
19.6
2018A
2019A
11M2020
■ EBITDA
EBITDA margin
119.0%
120.0%
111.0%
2018A
2019A
11M2020
Healthy financial metrics that are consistently within loan covenants
Source: Company information, FX of USD/MVR 15.42 used.
Note:
(1)
Figures for 2018, 2019, 11M2019 and 11M2020 are not prepared on a pro-forma basis accounting for the GMIZL merger.
Adjusted EBITDA represents EBITDA as adjusted for costs that are considered by management to be not reflective of the Company's core operations. EBITDA margin for 2018
exceeds 100%, deeming it not meaningful.
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