Cresud Sa · BCBA:CRES
Cresud Sa — Cresud S.A.C.I.F. y A. — Debt Investor Presentation (October 2020)
11 slides from Cresud Sa's debt investor presentation, October 2020
Slide 1: Webinar Exchange Offers Under Resolution A 7106 BCRA
Webinar Exchange Offers Under Resolution “A 7106” BCRA October 2020 1
Slide 2: Argentina Central Bank Resolution A 7106
ARGENTINA • Central Bank (BCRA) Communication “A” 7106 restricts access to the Foreign Exchange Market to obtain US dollars for the payment of debt CENTRAL BANK maturities. • Companies with capital maturities between 10.15.2020 and 03.31.2021 RESOLUTION had to submit to the BCRA a detail of a refina
Slide 3: IRSA's Series I Exchange – USD 181.5mm – 10% – Nov 20
IRSA’s SERIES I EXCHANGE – USD 181.5mm – 10% – Nov 20 For each USD 1 OPTION A presented in exchange, OPTION B you will receive the … at least USD 0.50 in cash and the rest with a new …Early bird (until 10/30/20) 2% in ARS and a new issuance (SERIES VIII) accrued interest until issuance (SERIES IX) s
Slide 4: IRSA's Series I Exchange Scenarios
IRSA’s SERIES I EXCHANGE – USD 181.5mm – 10% – Nov 20 SCENARIOS* OPTION A OPTION B Base scenario according to the SERIES IX USD 72.6 USD 72.6 USD 36.3 80% SERIES VIII 50% Cash 90% 50% 01 SERIES IX subscription notifications received from some bondholders. 20% USD 18.2 USD 72.6 USD 90.8 50% SERIES VI
Slide 5: Cresud's Series XXIV Exchange – USD 73.6mm – 9% – Nov 20
CRESUD’s SERIES XXIV EXCHANGE – USD 73.6mm – 9% – Nov 20 For each USD 1 OPTION A presented in exchange, OPTION B you will receive the … at least USD 0.50 in cash and the rest with a new …Early bird (until 10/30/20) 2% in ARS and a new issuance (SERIES XXXI) accrued interest until issuance (SERIES XX
Slide 6: Cresud's Series XXIV Exchange Scenarios
CRESUD’s SERIES XXIV EXCHANGE – USD 73.6mm – 9% – Nov 20 SCENARIOS OPTION A OPTION B Base scenario according to the SERIES XXXII USD 29.4 USD 29.4 USD 14.8 80% SERIES XXXI 50% Cash 90% 50% 01 SERIES XXXII subscription notifications received from some bondholders. 20% USD 7.4 USD 29.4 USD 36.8 50% SE
Slide 7: IRSA's Series I & Cresud's Series XXIV Exchange Offer Additional Information
IRSA’s SERIES I & CRESUD’s SERIES XXIV EXCHANGE OFFER ADDITIONAL INFORMATION Early Bird IRSA Series IX & Cash CRESUD Series XXXII suscription for IRSA’s Exchange closure Settlement 2% ARS Series IX* Oct 30, 2020 Nov 5, 2020 ~ Nov 11, 2020 8 PM BA time 8 PM BA time * Public auction date will be infor
Slide 8: IRSA Stand Alone Debt
IRSA STAND ALONE DEBT BY C A L E N D A R Y E A R A S O F S E P T E M B E R 3 0 , 2 0 2 0 - U S D M I L L I O N CURRENT SCHEME 207.8 Description Amount Maturity DOES NOT INCLUDE INTERCOMPANY LOAN WITH IRCP Short term debt 22.0 <360 days SERIES I 70.7 To be exchanged for 45.9 Series I 181.5 Nov 2020 U
Slide 9: Cresud Stand Alone Debt
CRESUD STAND ALONE DEBT BY C A L E N D A R Y E A R A S O F S E P T E M B E R 3 0 , 2 0 2 0 - U S D M I L L I O N CURRENT SCHEME 253.3 Description Amount Maturity 138 SERIES XXIV 103.3 Banking Debt 101.4 to be exchanged for 7.3 Series XXIV 73.6 Nov 2020 USD 73.6 2020 2021 2022 2023 Series XXVI 13.1 J
Slide 10: Group Liquidity Recent Increase USD 252mm
GROUP LIQUIDITY RECENT INCREASE CALENDAR YEAR 2020 – USD MILLION CASH USES LOCAL NOTES ISSUANCES SALE OF REAL ESTATE ASSETS DEBT CANCELLATION Jan-20 USD 51.4 MM Jun-20 USD 83.0 MM Ago-20 USD 25.0 MM • Entire “Bouchard 710” building for USD 87.2 MM • ARS BADLAR + 6.5% • USD linked 3.5% • USD linked 2
Slide 11: Thanks!
2 M@ CRESUD IRSA soMMercit Thanks!
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