The total borrowings of CICT Group as at 31 December 2024 are as follows: TOTAL BORROWINGS OF CICT GROUP1 S$ million % Medium Term Notes2 4,203.8 47.6 Bank Loans3 3,933.7 44.5 Total unsecured borrowings at CICT Group 8,137.5 92.1 Secured Bank Loans3 702.3 7.9 Total borrowings at CICT Group 8,839.8 100.0 1 Excludes CICT Group’s interest in its joint ventures. 2 In respect of the foreign currency denominated notes which have been swapped into Singapore dollars, the outstanding amounts reflect the nominal amounts of the swapped contracts based on their respective swap rates. 3 Includes fixed rate foreign currency bank loans. In summary, as at 31 December 2024, CICT Group's aggregate leverage was 38.5%. Average cost of debt was at 3.6% as at 31 December 2024 compared to 3.4% as at 31 December 2023 mainly due to higher average cost of debt. 81% of CICT Group’s borrowings have been hedged in fixed rates to mitigate the exposure to interest rate movements. As at 31 December 2024, S$1,021.8 million of CICT Group's borrowings (excluding interest in joint ventures) will mature in 2025. CICT has sufficient bank facilities and internal resources to repay the borrowings due in 2025. The Manager will continue to adopt a rigorous and focused approach to capital management. The Manager is also committed to diversifying funding sources and will continue to review its debt profile to reduce refinancing risk. FUNDING SOURCES1 AS AT 31 DECEMBER 2024 Medium Term Notes 47.6% Unsecured Bank Loans 44.5% Secured Bank Loans 7.9% 1 Excludes share of joint ventures’ borrowings. Proforma impact assuming +1.0% p.a. increase in interest rate Estimated additional annual interest expense1 +S$17.36 million Estimated DPU2 –0.24 cents 1 Computed on full year basis on floating rate borrowings of CICT Group (excluding proportionate share of joint ventures’ borrowings) as at 31 December 2024. 2 Based on the number of Units in issue as at 31 December 2024. 31 Annual Report 2024
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