Abacus Securityholder Review & Annual Financial Report 2016 - page 5

Securityholder
Review
03
2016
1 Excludes non controlling interests.
2 Calculated in accordance with the AICD/Finsia principles for reporting underlying profit.
3 Includes distributions declared post period end (1 July 2016, 1 July 2015, 1 July 2014 and 1 July 2013).
4 Calculated as underlying EBITDA divided by interest expense.
5 Excludes external non-controlling interests of $43.3 million (2015: $31.0 million, 2014: $36.8 million, 2013: $43.8 million).
6 Bank debt minus cash divided by total assets minus cash.
7 Total liabilities (net of cash) divided by Total Tangible Assets (net of cash).
8 Weighted average base rate plus margin on drawn amount plus facility line fees.
FY16
FY15 FY14 FY13 FY12
15
16
17
DISTRIBUTIONS PER SECURITY
(CENTS)
17.00c 17.00c
16.75c
16.50c 16.50c
FY16
FY15 FY14 FY13 FY12
0
30
60
90
120
150
UNDERLYING PROFIT
($ MILLION)
$128.3
$101.3
$83.8 $76.8
$124
FY16
FY15 FY14 FY13 FY12
0
5
10
15
20
25
UNDERLYING EARNINGS PER SECURITY
(CENTS)
22.4c
24.5c
20.8c
18.8c
19.2c
2016
2015
2014
2013
Consolidated statutory net profit
1
$185.9m
$133.5m
$108.3m $61.1m
Underlying profit
2
$124.0m
$128.3m $101.3m $83.8m
Cashflow from operations
$91.5m
$119.3m $90.3m $105.7m
Underlying profit per security
22.4c
24.5c
20.8c
18.8c
Distributions per security
3
17.00c
17.00c
16.75c
16.50c
Interest cover ratio
4
4.2x
5.1x
4.8x
3.3x
financial highlights
2016
2015
2014
2013
Total assets
$2.3bn
$2.0bn
$1.9bn
$1.8bn
Net tangible assets
5
$1.5bn
$1.4bn
$1.2bn
$1.0bn
NTA per security
$2.66
$2.49
$2.38
$2.32
Gearing
6
25.8%
18.2%
23.4%
28.4%
Covenant gearing
7
29.5%
22.8%
28.6%
36.6%
Total debt drawn
$629m
$388m
$500m
$565m
Debt term to maturity
3.5yrs
4.3yrs
4.6yrs
2.1yrs
Average cost of debt
8
5.4%
6.1%
5.4%
6.1%
balance sheet metrics
1,2,3,4 6,7,8,9,10,11,12,13,14,15,...159
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