Credit Metrics - Perenti

Who we are
- WHO WE AREWe’re an ASX listed, diversified mining services group with more than 35 years’ experience and operations across four continents.
- Our company
- Our purpose and principles
- Our businesses
- Our journey
- Leadership
- Board of directors
What we do
- WHAT WE DOWe’re experts in hard rock surface and underground mining, drilling services, mining services and have a focus on future technology solutions.
- Contract Mining
- Drilling Services
- Mining Services
- idoba
- Projects
Sustainability
- SUSTAINABILITYAt Perenti, we recognise the critical role we must play in helping the world transition to a more sustainable future.
- Safety
- Communities
- Diversity and Equality
- Environment
- Climate Change
- Human Rights
- Suppliers
Investors
- INVESTORSOur focus is to deliver shareholder returns by building a portfolio of complementary businesses that deliver consistent and quality cash backed profits.
- Shareholder services
- Debt Investors
- Corporate governance
  - Corporate governance
  - Sustainability
Working with us

Credit Metrics

Debt Investors

		FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Gross Debt (reported – inclusive of fair value adjustments)	A$m	388.6	404.5	757.4	883.9	768.0	901.9	806.4	928.6
Cash and cash equivalent	A$m	166.7	137.3	223.5	327.5	264.7	348.5	307.4	459.1
Net Debt	A$m	221.9	267.3	533.9	556.4	503.3	553.4	499.0	469.5

Equity	A$m	630.1	774.8	1,411.6	1,399.8	1,298.1	1,322.4	1,426.3	1,788.4
Net Gearing	%	26%	26%	27%	28%	28%	30%	26%	21%

EBITDA	A$m	135.8	177.4	415.7 ¹	443.8	380.0	426.4	552.6	644.6
Net Leverage	x	1.6x	1.5x	1.3x	1.3x	1.3x	1.3x	0.9x	0.7x

Net Interest	A$m	29.0	28.8	48.0 ¹	52.1	54.2	54.7	62.4	69.3
Interest cover	x	4.7x	6.2x	8.7x	8.5x	7.0x	7.8x	8.9x	9.3x

¹ Figures are proforma underlying figures which include 100% of Barminco and AUMS, exclude amortisation and any non-underlying items. Please refer to FY19 Investor Presentation lodged with the ASX on 29 August 2019.

Credi Metrics graph - Net Leverage FY24, value 0.7x

Credi Metrics graph - Interest Cover FY24, value 9.3x

Document License

Debt Investors

The following terms and conditions govern use of and access to this website.

The information and other materials in relation to the various borrowings of Perenti Global Ltd and its subsidiaries (“Perenti”) which this website contains or to which it provides access (“Information”) is provided for information and as a matter of record only.

The Information is as of the respective dates on which it was first made. The Information may be subject to change or may be out of date or incomplete or be subject to omissions, inaccuracies or other errors. This website does not purport to contain or give access to all relevant Information. The Information is not intended to constitute investment advice and should not be relied on in connection with any investment decision.

Perenti does not warrant or represent that the Information is free from errors or omissions or that it is accurate, reliable, complete or contemporary or suitable for your intended use or that of any other person.

To the extent permitted by law, Perenti excludes all liability (whether under contract, negligence or any other tort, or under any statute or at law or otherwise, however arising) for any loss, damage, cost or expense which may be incurred or suffered directly or indirectly by any person arising from the use of, or reliance upon, the Information.

The Information is not addressed to any person in a jurisdiction where access to it or any use of it would result in a contravention by Perenti or any other person or entity of the laws of that jurisdiction.

Persons resident outside Australia may access this section of the website. If you download Information you must inform yourself about and comply with applicable laws and regulations, including (without limitation) observing securities laws and regulations in certain jurisdictions that impose restrictions on the distribution of information memoranda and prospectuses and the offering of securities. Any item of Information must be read subject to all limitations and exclusions of liability set out in the relevant Information.

Forward looking statements, opinions and estimates provided in the Information are based on assumptions and contingencies applicable at the time of making such statement, opinions and estimates which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of market conditions applicable or anticipated at the time of making the statement. Forward looking statements, opinions and estimates including (without limitation) projections, guidance on future earnings and estimates should not be relied upon as an indication or guarantee of future performance. They are subject to known and unknown risks, uncertainties and assumptions, many of which are outside the control of Perenti, which could cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by the forward looking statements in this Information. Any forward-looking statements, opinions and estimates contained in the Information speak only as of the date they were originally made. Inclusion of forward looking statements, opinion and estimates in the Information or access by you of the Information does not constitute a re-publication or re-freshing of any such forward looking statements, opinions and estimates as of any later date. Perenti disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements, opinions or estimates contained in the Information or to reflect any change in management’s expectations with regard thereto after the date originally made or of any change in events, conditions or circumstances on which any such statement is based.

Nothing contained in this website constitutes an offer for subscription or sale, or an invitation to subscribe for or purchase any securities of Perenti, nor is it intended to induce persons to apply for, buy or sell securities of Perenti. This Information does not constitute an offer of shares for sale in the United States, or to any person that is or is acting for the account or benefit of any U.S. Person (as defined in the U.S. Securities Act of 1933, as amended, (“Securities Act”)) (“U.S. Person”). No securities referred to in the Information have been registered under the Securities Act or under the securities laws of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons.

Nothing in this website constitutes an invitation to enter into any contract or other arrangement (whether legally binding or not).

None of Perenti Global Limited or any of its subsidiaries that are not also subsidiaries of Barminco Holdings Pty Ltd guarantee Barminco Finance Pty Ltd’s 6.625% Senior Notes due 2022 or pledge any of their assets or otherwise provide any security for such notes.

This notice, the Information, the contents of this website and all matters relating to any of them are governed by and are to be construed according to the laws applicable in the State of Western Australia and are subject to the non-exclusive jurisdiction of the courts of the State of Western Australia.

If you have read these terms and conditions and agree to follow and be bound by them, select “I agree” to proceed.