Investor Presentaiton
Credit Metrics
Bayan has continued to
show a track record of
sustained deleveraging
even during times of
depressed coal prices
⚫ The development and
ramp-up of Tabang has
been instrumental in
delivering this
Total Debt/ EBITDA
X
10
Net Debt/EBITDA
X
10
5
2.6x
2.9x
0.5x
1.0x
1.1x
0.1x
-0.1x
0.1x
-0.4x
0.7x
0.2x
0.2x
0
•
The Group has been
assigned independent
2017 2018
2019 2020
1Q21
0
2016
2017
2018
2019
2020 1Q21
credit ratings of BB-, Ba3
and B+ by Fitch, Moody's
and S&P respectively
EBITDA / Net Interest Expense
-5
Third Party Debt / Total Capital Ratio(1)
X
%
755.1x
70% 58.7%
60%
50%
40%
28.6%
400
25.1%
30%
22.2%
200
20%
11.2% 11.3%
39.2x
9.9x
14.9x
10%
0
2016
2018
2019
2020
1Q21
2016
2017
2018
2019
2020
1Q21
Note
(1)
Third Party Debt includes Bank Debt, Financing Leases and Derivatives divided by Total Capital (Total Liabilities plus Total Equity)
35
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