Investor Presentaiton
Prudent Capital Management
Diversifying sources of funding: Issued €50m in floating rate notes
due 2023 in Mar 2018, and another €50m due 2026 in Feb 2019
Managing interest rate exposure: Interest rates of loans substantially
hedged with floating-to-fixed interest rate swaps
Maintaining low aggregate leverage: Provides flexibility and a healthy
debt headroom for growth
Borrowings on fixed rate
As at 31 Dec 2018
Fixed
Floating
Rate
Rate
86%
14%
As at 31 Dec 2018
Total debt
Available facilities
Aggregate Leverage¹
Average cost of debt²
Debt tenor
~$674.0m of external loans/notes
(unencumbered)
~$140.0m of undrawn credit facilities
■ 30.8%
■ 1.9% per annum
■ 3.0 years
Interest coverage³
■ 11.4 times
Debt maturity profile
As at 31 Dec 2018
9.1%
18.2%
23.6%
19.3%
9.5%
10.8%
4.6%
1.9%
3.0%
2019
2020
2021
2022
2023
SGD
AUD
■GBP
EUR
(1) Aggregate Leverage was computed based on gross borrowings as a percentage of the deposited properties, both of which do not take into
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(2)
consideration the finance lease liabilities pertaining to land rent commitments for iseek Data Centre and Keppel DC Dublin 1.
Including amortisation of upfront debt financing costs and excluding finance lease charges.
(3)
Calculated as EBIT / Finance costs, where EBIT is NPI less Manager's base and performance fees, Trustee's fee and Other trust expenses.
Finance costs pertain to interest expense based on total debt drawn and debt amortisation costs.
Keppel DC REIT
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