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Table 2: Emaar Properties PJSC I Ratios- Key Metrics I Rate - Key Metric Eamings Quality EBITDA Ma O ratin M Pretax Ma Effecve

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Table 2: Emaar Properties PJSC I Ratios- Key Metrics I Rate - Key Metric Eamings Quality EBITDA Ma O ratin M Pretax Ma Effecve Tu Rate vsr Tum Pretax RON Pretax ROE x Tax let QLICk Tim Intert Eamed "LTDebttoTot.lc.- I Debt - Cash EBITDA fixed Tum gad Debt ROIC 2018 so 428% 264% 237% 228% 298% 102% 218% 141.8 811.1 1287 232 141_s 232 0.241 167.3 235 001 0.127 2017 oze 237 100% 104.4 237 0.252 104.4 182 0.019 0098 2016 oze 244 86.2 244 o_27S 86.2 187 0.107 2015 oze 209 18.3 209 o_23S 921 Lss 0.027 0098 2014 ODE

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