68 YINSON HOLDINGS BERHAD STRATEGY & OUTLOOK Financing Innovation Highlight, pg 53 Yinson has a strong order book that provides a stable revenue outlook for the next few decades, providing confidence that we would be able to comfortably meet our operational needs. Our purpose for these increased borrowings is to finance our growth, not as working capital. With the increase, we are also strengthening our cash position, providing assurance of our ability to service our debts and pay our bondholders in future. Structuring our finances with a long-term vision also allows us to secure funding at a lower cost. FINANCING ACTIVITIES LEVERAGE INDICATORS Current Ratio (TIMES) FYE 2022 2.21 FYE 2021 1.45 FYE 2020 1.45 FYE 2019 1.40 FYE 2018 1.62 FINANCIAL REVIEW LIQUIDITY INDICATORS Adjusted Net Debt (RM’ MILLION) FYE 2022 FYE 2021 FYE 2020 FYE 2019 FYE 2018 5,683 4,102 2,475 1,854 2,242 Adjusted Net Debt/Adjusted Core EBITDA (times) FYE 2022 3.85 FYE 2021 2.68 FYE 2020 2.86 FYE 2019 2.07 FYE 2018 2.73 Gearing ratio (TIMES) FYE 2022 1.00 1.85 FYE 2021 0.78 1.52 FYE 2018 1.14 1.14 FYE 2019 0.16 0.87 FYE 2020 0.40 1.01 Based on total borrowings Based on total borrowings excluding non-recourse borrowings Net Gearing ratio (TIMES) FYE 2018 0.87 0.87 FYE 2019 (0.19) 0.51 FYE 2020 0.63 0.01 FYE 2021 0.27 1.01 FYE 2022 0.39 1.24 Based on total borrowings Based on total borrowings excluding non-recourse borrowings
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