Key Performance Indicators
A strong all-round performance
Financial highlights
Distributions
Payout ratio
Revenue from operations
(` in million)
EBITDA
(` in million)
Cash flow from operations
(` in million)
Net operating income (NOI)
(` in million)
Strong balance sheet
Net debt to capitalisation1
(` in million)
Net debt to TEV2
(` in million)
Net asset value
Particulars (` mn) 31-Mar-20 Gross Asset Value (GAV)3,4 329,746 Add: Other Assets 71,608 Less: Other Liabilities (54,793) Less: Gross Debt (57,461) Net Asset Value (NAV) 289,100 Number of Units 771,665,343 NAV per Unit (`) 374.64Leverage metrics
Particulars (` mn) 31-Mar-20 Net Debt to TEV 15% Net Debt to EBITDA 2.7x Interest Coverage Ratio – excluding capitalised interest 5.1x – including capitalised interest 4.0xProactive capital management
Existing cash balance5
Debt maturity in next 2 years
Undrawn committed facilities
Available debt headroom
Principal maturity schedule
(` in million)
Notes:
1 Computed on listing price of `300/unit and excludes `47,500 mn cash raised through Initial Public Offering
2 Closing price on National Stock Exchange as at March 31, 2020
3 GAV per Mar’20 valuation by independent valuer. Valuation exercise undertaken semi-annually
4 Given Embassy REIT owns 50% economic interest in GLSP, GAV includes fair value of equity investment in GLSP basis equity valuation method
5 Includes treasury balances, fixed deposits etc., net of 4Q FY2020 distribution of `5,317 mn