#1Investor Presentation Peter Simpson Chief Executive Officer, Anglian Water 09 December 2020 Steve Buck Chief Financial Officer, Anglian Water WINNER Utility Week AWARDS 2018 Utility of the Year RESPONSIBLE BUSINESS OF THE YEAR 2017 BUSINESS IN THE COMMUNITY THE QUEEN'S AWARDS. FOR I SAISTA PRISE: DEVELOPMENT love every drop anglianwater#2Before we get started !! Disclaimer For the purposes of the following disclaimer, references to this "document" shall mean this presentation pack and shall be deemed to include references to the related speeches made by or to be made by the presenters, any questions and answers in relation thereto and any other related verbal or written communications. Any forward-looking statements made in this document represent management's judgment as to what may occur in the future. However, the group's actual results for the current and future fiscal periods and corporate developments will depend on a number of economic, competitive and other factors including some which will be outside the control of the group. Such factors could cause the group's actual results for current and future periods to differ materially from those expressed in any forward-looking statements made in this document. Unless otherwise required by applicable law, accounting standard or regulation, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. love every drop anglianwater Investor Presentation 2#3WINNER Utility Week AWARDS 2018 Utility of the Year RESPONSIBLE BUSINESS OF THE YEAR 2017 BUSINESS IN THE COMMUNITY THE QUEEN'S AWARDS. FOR I SAISTA PRISE: DEVELOPMENT Peter Simpson Chief Executive Officer, Anglian Water love every drop anglianwater#4Anchored by our Purpose in challenging times Focusing on delivering for communities and the environment in the public interest Stepping up to deliver for our customers through Covid Facing into our region's long-term challenges Safeguarding and enhancing the environment for the future Continuing to focus on doing the basics brilliantly love every drop anglianwater Investor Presentation 4#5Video • 3 minute video featuring James Edmondson, lan Rule and Susannah (plus customer testimonials) to sum up how we've delivered for customers in a challenging year love every drop anglianwater Investor Presentation 5#6Staying agile to address Covid impacts Stepping up to deliver BAU and beyond in a year of rapidly changing needs Offering a crucial lifeline to vulnerable customers and communities... ⇒E 60s-> Climate wat 10 0800 697 89 IMPORTAN 88 Creating Covid-safe workplaces and supporting colleagues' safety and wellbeing d Putting more water into supply than ever before as customers spend more time at home л 18nl ㅁㅁ Meeting continuing demand for new connections in face of ongoing housing boom 220,000 customers offered financial support through ExtraCare 127,000 customers now signed up to Priority Services Register 100+ community groups and 88,000 beneficiaries supported through first tranche of £1m Positive Difference Fund love every drop anglianwater Investor Presentation 6#7AMP7 investment underway Our most ambitious programme ever (€ 01.07 00000089 love every drop anglianwater Up to 1 million smart meters to be fitted 310000134 B Investment to advance frontier position on leakage reduction Biggest ever Water Industry National Environment Programme love every drop anglianwater Investor Presentation 7#8AMP7 lynchpin: the strategic pipeline Providing resilient infrastructure for a sustainable future E DIGITAL TWIN NOTTINGHAMSHIRE SOUTH HUMBERBANK CENTRAL LINCOLNSHIRE SOUTH LINCOLNSHIRE RUTHAMFORD NORTH RUTHAMFORD WEST RUTHAMFORD CENTRAL EAST LINCOLNSHIRE BOURNE Pyewipe Water Reuse Key GOZA Existing Strategic Network Transfers Existing WTW Existing Storage Point New Potable Water Transfer New Pumping Station New Resource New Treatment Water Reuse NORTH FENLAND NORTH NORFOLK COAST HAPPISBURGH NORFOLK RURAL NORTH NORWICH AND THE BROADS SOUTH FENLAND THETFORD ELY NORFOLK RURAL SOUTH IXWORTH NEWMARKET CHEVELEY BURY HAVERHILL RUTHAMFORD SOUTH CENTRAL ESSEX SUDBURY SOUTH ESSEX EAST SUFFOLK love every drop anglianwater Investor Presentation 8#9Cambridge Waste Water Treatment Plant relocation Modern carbon-efficient plant to serve community and environment while unlocking potential for sustainable growth A10 . Relocation to facilitate South Cambridgeshire District Council and Cambridge City Council's vision for a new low-carbon city district in North East Cambridge First stage consultation complete; preferred site to be announced in late January 2021 Submission of application for Development Consent Order anticipated late 2022 Core consultation zone Wider consultation area Shortlisted site area Indicative new WWTP footprint Existing Cambridge WWTP ttenham Cambridge Research Park Green End A10 Landbeach A10 Impington Milton Histon 2 M11 A14 Girton South Cambridgeshire Cambridge 81049 Chesterton A1309 81047 Fen Ditton Unlock potential for 8,000 new homes and 20,000 jobs дъд A1305 Cambridge University of Cambridge 000 Reduce the footprint Provide a mix of of the plant homes, workplaces, shops and community spaces Waterbeach River Cam Horningsea 3 East Cambridgeshire South Cambridgeshire Stow-cum-Quy A1303 Cambridge Airport 1,683 visitors to our virtual exhibition 5,780 visitors to our digital engagement platform 559 feedback forms by FREEPOST and email Create new parks and open spaces Reduce carbon emissions through sustainable design love every drop anglianwater Investor Presentation 9#10Driving out pollutions Action plan tackling pollutions through proactive prevention and management coupled with behavioural change Nine-step Pollution Incident Reduction Plan at the heart of strategy Supported by educational and behavioural change campaigns Incident-level focus and response to potential incidents OLLUT P WATCH ON Keep It Clear Anglian Water's Pollution Incident Reduction Plan 2020-2025 love every drop anglianwater. love every drop anglianwater Investor Presentation 10#11Anglian Water leading industry action on carbon and climate change Company plays key role in setting out water industry net zero routemap and influencing public discourse on the race to zero and the race to resilience 66 Anglian Water is one of a small number of high-performing companies out of 5,800+ that were scored. Through demonstrable action on climate, Anglian Water is leading on corporate environmental ambition, action and transparency worldwide CDP, December 2020 " Joint water industry routemap to net zero by 2030 launched in November; leadership from Anglian Water as co-sponsors and chair of the steering group Anglian Water secures A-list status from CDP on climate action Anglian Water CEO Peter Simpson chairs UN Race to Zero Dialogue Anglian Water's Climate Change Adaptation Report 2020 222 Water UK CDP DISCLOSURE INSIGHT ACTION A LIST 2020 CLIMATE THE PRINCE OF WALES'S CORPORATE LEADERS GROUP (C) United Nations Climate Change IRACE TO ZERO Dialogues love every drop anglianwater love every drop anglianwater Investor Presentation 11#12Carbon video placeholder slide • Carbon video (2m 55s) will be supplied separately to Hawk for them to play at this point - here is the link for review: https://www.youtube.com/watch?v=zxHu8PVP7co&f eature=youtu.be love every drop anglianwater Investor Presentation 12#13Anglian Venture Holdings Trading holding up despite Covid-19 challenges Anglian Venture Holdings Anglian Venture Holdings manages the Group's commercial assets including our 50% share of the Wave Joint Venture. wave JV with Northumbrian Water providing non-household retail services • Covid-19 has impacted Wave and its customers, however additional liquidity facility has been secured and all wholesale bills have been paid in full. awgproperty Driving value from land assets in the Anglian region and Scotland Increased rental portfolio with 6 assets now producing income of over £1m in passing rent. CELTIC ANGLIAN WATER CAW Alpheus Providing design, build and operational services to Irish Water and various UK industrial customers. • Both businesses performing and operating well despite Covid-19 challenges. Government-owned Irish Water is the sole customer of CAW. & TIDE TAKING IDEAS, DELIVERING EXCELLENCE GEODESYS dig.co.uk Land and property information anglianwater dat direct≫>>> Providing digital services to conveyancers and other utilities as well as domestic insurance products in the Anglian region. All businesses performing well. Geodesys has seen upturn due to increase in housing market following stamp duty holiday. love every drop anglianwater Investor Presentation 13#14AMP7 and the CMA Cautious optimism as Provisional Findings recognise need to address growth and climate change 29 September 2020 27 October 2020 Mid-February 2021 18 March 2021 Companies appealing: Provisional Determination Responses to Indicative timing Provisional Determination for Final Redetermination Statutory deadline love every drop anglianwater NORTHUMBRIAN, WATER living water BRISTOL WATER It's what we're made of. YorkshireWater Investor Presentation 14#15WINNER Utility Week AWARDS 2018 Utility of the Year RESPONSIBLE BUSINESS OF THE YEAR 2017 BUSINESS IN THE COMMUNITY THE QUEEN'S AWARDS. FOR I SAISTA PRISE: DEVELOPMENT Steve Buck Chief Financial Officer, Anglian Water love every drop anglianwater#16Ofwat's service delivery report - last year of AMP6 Performance strong on majority of metrics, impacted by Leighton Linslade incident Overall assessment of efficiency and effectiveness of service delivery Better performance Northumbrian Water Wessex Water Bristol Water South Staffs Water Average performance Anglian Water Dŵr Cymru Severn Trent Water South West Water United Utilities Yorkshire Water Portsmouth Water South East Water SES Water Poorer performance Hafren Dyfrdwy Thames Water Southern Water Affinity Water Page 5 Key Total expenditure Outcomes Wholesale Residential Customer retail service Meeting Earning performance financial commitments Incentives Leakage PCC Supply Interruptions Water quality contacts Internal sewer Top 25% Middle 50% Bottom 25% Moves up a category Pollution Incidents Moves up two categories Moves down a category Moves down two categories AA flooding love every drop anglianwater Investor Presentation 16#1710.0 AMP7 - a period of significant growth Housing growth in the region and significant infrastructure investment driving strong real RCV growth RCV £bn (nominal prices) 9.6 9.4 9.0 9.0 8.2 Midnight adjustment 8.5 8.1 7.9 8.0 7.0 6.0 Closing (31 March 2020) Opening (1 April 2020) 2023) Closing (31 March Closing (31 March Closing (31 March Closing (31 March Closing (31 March 2021) 2022) 2024) 2025) 3.1 3 2.9 2.8 Household customer numbers (million) 2.7 Closing (31 March 2020) Closing (30 September 2020) Forecast (31 March 2025) per Ofwat FD 210,000 new household customers in AMP7 14% increase in RCV in AMP7 191,000 water meter connections, 218,000 water recycling connections love every drop anglianwater Investor Presentation 17#18Largest investment period ever with lower opex allowance Capital Enhancement Capital Maintenance 600 500 400 300 200 100 AMP6 AMP6 AMPб AMP6 AMPб AMP7 AMP7 AMP7 AMP7 AMP7 YR1 YR 2 YR3 YR4 YR5 YR1 YR2 YR3 YR4 YR5 Opex 660 640 620 600 € 580 E 560 540 300 250 200 150 100 50 0 AMP6 AMPб AMPб AMPб AMP6 AMP7 AMP7 AMP7 AMP7 AMP7 YR1 YR 2 YR3 YR4 YR5 YR1 YR2 YR3 YR4 YR5 520 500 AMP6 AMP6 AMP6 AMP6 AMP6 AMP7 AMP7 AMP7 AMP7 AMP7 YR1 YR 2 YR3 YR4 YR5 YR1 YR2 YR3 YR4 YR5 AMP6 are actual figures. AMP7 is in nominal prices and as per the Final Determination before the pay as you go adjustment for financeability love every drop anglianwater Investor Presentation 18#19Concentrating on delivering for customers in challenging times Operational performance to 30 September 2020 i Flood risk - low numbers of incidents so far this year but winter weather expected to pose challenges Leakage - in a position to build on best ever performance in 2019/20 to meet ODI commitments Water quality risk measures - scoring well on Compliance Risk Index measure Customer service - CMeX Q2 score puts us fourth among water and sewage companies, fifth overall Water supply interruptions - solid performance year to date; no room for complacency, however, as we head into the winter months Pollutions - significant reduction in number of pollutions seen in 2019; strenuous efforts being made to regain 3* EPA status ㅁㅁ Per capita consumption - challenging for the whole industry due to shifting patterns of demand during Covid pandemic combined with long, hot summer; domestic consumption up love every drop anglianwater Investor Presentation 19#20Covid-19 has impacted the first six months Revenue and opex mix has changed and early delays followed by rapid recovery Higher household consumption 12%, £32m Non-household revenue down by 23%, £(29)m Housebuilding activity returning after lockdown: £(11)m reduction in grants & contributions CLOSED CORONAVIRUS Help to Buy Available with just 5% deposit. Increased spend on PPE offset by reduced travel costs Wholesale retailers' deferrals largely repaid and due to be fully repaid by March 2021 On track to deliver FD profile of capital investment love every drop anglianwater Investor Presentation 20#211 Anglian Water financial highlights EBITDA £382.6m (2019: £403.8m) Operating profit £209.3m (2019: £223.0m) Underlying profit before tax¹ £85.2m (2019: £54.7m) { Underlying profit after tax¹ £68.2m (2019: £43.9m) £21.2m £13.7m £30.5m 5.3% 6.1% 55.8% Shown before mtm loss on derivatives of £100.6m (2019: loss of £171.3m). £24.3m 55.4% love every drop anglianwater Investor Presentation 21#22Anglian Water financial highlights Operating cash flow¹ £344.0m (2019: £322.0m) Capital investment £205.6m (2019: £228.2m) B £22.0m 6.8% £22.6m 9.9% Net interest - cash £125.6m (2019: £128.1m) £2.5m 2.0% Net debt² £6,469.7m (March 2020: £6,459.7m) £10.0m 0.2% 1 Shown on a CTA basis. Net cash inflow from operating activities after tax on a statutory account basis is £354.4m (30 September 2019: £325.9m). 2 Shown on a CTA basis, excluding derivatives. Net debt on a statutory account basis is £6,697.4m (31 March 2020: £6,677.2m). love every drop anglianwater Investor Presentation 22#23Anglian Water underlying profit/(loss) after tax September 2019 Reduction in customer prices Increase in household consumption Decrease in non-household consumption Reduction in grants and contributions £43.9m £(36.4m) £32.0m ₤(29.4m) £(11.3m) Growth and other revenue increases¹ £6.7m Living with the Final Determination £18.6m Other opex movements £(1.4)m Reduction in depreciation £7.5m Non cash finance costs due to decrease in inflation £44.2m £(6.2m) Tax September 2020 1 Includes decrease in other operating income. £68.2m EBITDA Revenue¹ Operating profit Profit after tax love every drop anglianwater Investor Presentation 23#24Sources and uses of cash 344 6,460 25 124 6,470 111 94 Variance from September 2019 £22.0m £5.2m £17.4m £0.4m £67.8m £39.2m 1 March 2020 CTA Operating Net Debt * cashflows including tax Capital maintenance expenditure Capital enhancement Net interest Dividends paid Indexation September 2020 CTA Net Debt * expenditure CTA cashflows are on a different basis to those presented in the financial statements •CTA cashflows at September 2020 are £315.7m (March 2020: £1,047.1m) • Debt principal repayment in the period totalled £748.1m love every drop anglianwater Investor Presentation 24#25Anglian Water liquidity CASH RESERVES £296 million WORKING CAPITAL AND CAPEX FACILITIES £600 million PRE-FUNDED CAPEX 1 £0 million PRE-FUNDED DEBT REPAYMENT £20 million AWS AWSF OPERATING & MAINTENANCE LIQUIDITY FACILITY (10% ANNUAL OPEX & CAPITAL MAINTENANCE) £121 million DEBT SERVICE RESERVE LIQUIDITY FACILITY (12 MONTHS INTEREST) £279 million TOTAL CASH AND INVESTMENTS £316 million TOTAL FACILITIES TOTAL DRAWN £1,000 £150 million million TOTAL UNDRAWN FACILITIES £850 million Note 1: Funds raised under green bonds are held in the prefunded capex account pending investment of funds; no funds held pending investment at September 2020 love every drop anglianwater Investor Presentation 25#26Interest Coverage (x) 3.5 3.0 Covenants and credit metrics Interest cover covenants 3.1 2.7 2.4 2.8 2.8 2.5 2.6 2.6 100% 95% 3.2 3.2 3.1 3.0 3.0 90% 2.0 1.9 1.9 1.9 1.7 1.8 1.6 1.7 1.6 1.5 1.5 1.5 1.4 1.5 1.6 1.6 1.6 1.5 1.5 1.4 1.4 1.4 1.3 1.3 1.3 1.3 1.0 0.5 FY 14/15 H1 15/16 FY 15/16 H1 16/17 FY 16/17 H1 17/18 FY 17/18 H1 18/19 FY 18/19 H1 19/20 FY 19/20 H1 20/21 AWS Conformed Senior PMICR (1.1x) AWS Conformed Class A PMICR (1.3x) OAL Senior ICR (2.0x) Gearing (%) 89% Gearing covenants 85% 85% 85% 80% 83% 80% 79% 75% 72% 70% 68% 65% 68% 60% 55% AMP6 86% 87% 83% 82% 82% 78% - 72% 72% 69% 50% FY 13/14 FY 14/15 H1 15/16 FY 15/16 H1 16/17 AWS Senior RAR (85%) H1 17/18 FY 17/18 AWS Class A RAR (75%) H1 18/19 FY 18/19 H1 19/20 FY 19/20 H1 20/21 OAL Senior RAR (93%) love every drop anglianwater Investor Presentation 26#27Interest rate management 6.0% Net finance costs down marginally as impact of higher average debt is offset by lower effective interest rate. Effective interest rate 400 Interest and net debt 6,600 5.5% 350 6,400 5.0% 5.4% 5.0% 4.5% 4.5% 4.2% 4.0% 4.0% 4.5% Annual Interest Cost 300 6,200 137 130 115 250 12 75 72 # 44 6,000 24 200 5,800 150 5,600 100 199 207 206 206 199 211 3.5% 3.5% 50 100 5,400 3.3% 3.3% 3.3% 3.0% 3.1% 2.9% 5,200 3.0% 2.8% 2.5% 14/15 15/16 16/17 17/18 18/19 19/20 H1 20/21 14/15 15/16 16/17 17/18 18/19 19/20 H1 20/21 Interest (excluding indexation) Indexation charge ZZZ Note 1 Note 2 Nominal effective interest rate Real effective interest rate Net Debt (RHS) Note 1: Annualised based on current H1 Note 2: Decrease in nominal effective interest rate is due to the decrease in inflation Net Debt love every drop anglianwater Investor Presentation 27#28Delivering sustainable finance for AMP7 Building on strong AMP6 track record to finance our biggest ever capital programme in AMP7 AMP6 summary CO₂e 6 Green Bonds issued since 2017 £876 million funding secured for capital projects c.850 schemes in operation across our region 1/2 62% reduction in capital carbon on Green Bond projects 2 AMP7 overview Vast majority of capital funding to be raised through sustainable finance transactions under our AMP7 framework Anglian Water Services Ltd Anglian Water Services Financing Plc Sustainability Finance Framework 2020 Multi-billion-pound capital programme already underway Framework sets out 11 sustainable categories in under which all capital schemes will be delivered 65% reduction in capital carbon on Green Bond projects WINNER Wib AWARDS love every drop anglianwater The Green Bond Principles The Social Bond Principles love every drop anglianwater. Investor Presentation 28#29Summary Outlook for AMP7; laying the groundwork for future environmental and social prosperity • Purpose at the heart of all our activity and planning • Delivering well to date in the face of Covid-19 and financial constraints • • • AMP7 programme vital to future resilience of our region Maintaining focus on customer metrics and well prepared for a challenging winter ahead AVH businesses driving additional revenue streams 0630 THE QUEEN'S AWARDS FOR ENTERPRISE: SUSTAINABLE DEVELOPMENT 2015 ԵՂԱ LEADING UTILITIES OF THE WORLD RESPONSIBLE BUSINESS OF THE YEAR 2017 BUSINESS IN THE COMMUNITY WINNER Utility Week AWARDS 2018 Utility of the Year Water Company of the Year wib NGOR INCESTRY MARDS 2019 WINNER 2019 BEST PLACES TO WORK EMPLOYEES' CHOICE 2019 ROSPA Gold Medal Award 3530 e THE QUEEN'S AWARDS DEVELOPMENT 1000 love every drop anglianwater Investor Presentation 29#30Any questions? love every drop anglianwater#31Appendices love every drop anglianwater#320 100 200 300 £m 400 2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 2025/2026 500 2026/27 2026/2027 009 2027/2028 700 800 900 Debt maturity profile as at 30 September 2020 2028/2020 2028/2029 2029/2020 2029/2030 2020/2031 2030/2031 2021/2032 2051/2052 2032/2033 2032/2033 2033/2034 2033/2034 2034/2035 2034/2055 2035/2036 2055/2056 2036/2037 2036/2057 2037/2038 205772056 2038/2039 2039/2040 2040/2041 2041/2042 2042/2043 2043/2044 2044/2045 2045/2046 2046/2047 2047/2048 2048/2049 2049/2050 Fixed Debt ■FRN I-L Debt ■JPY PP Lease USPPS Osprey Facility 2050/2051 2051/2052 2052/2053 2053/2054 2054/2055 2055/2056 2056/2057 2057/2058 2058/2059 2059/2060 2060/2061 2061/2062 2062/2063 2063/2064 2064/2065 2065/2066 2066/2067 100% AWS Regulated Capital Value 80% £7.9bn, RCV 82%, Gearing 60% 40% 53%, Index Linked 20% 0% RCV OAL Regulated Capital Value 100% £7.9bn, RCV 80% 87%, Gearing 60% 40% 53%, Index Linked 20% 0% RCV love every drop anglianwater Investor Presentation 32#33Derivatives Derivatives mark to Market Valuation Swap Type Interest Rate Swap Cross Currency Interest Rate Swap RPI Swap CPI Swap Energy Derivatives 3 LEBA³ Power Swaps 1 Mark-to-Market valuations include accrued interest to valuation date 2 Notional value for Energy Derivatives represents locked in purchase price for power 3 LEBA = London Energy Brokers Association Notional £m MTM £m¹ 1 2,417.5 (214.4) 795.8 181.2 565.9 (621.2) 765.9 (164.1) 4,545.1 (818.5) Notional £m² 37.4 2 MTM £m 4.5 love every drop anglianwater Investor Presentation 33#34Consolidated capital structure Anglian Water Group limited Osprey Holdco Limited Osprey Holdco Limited Shareholder Eurobond Yield Consolidated Debt at OAL Net Debt / RAV AWOF Bond Debt 86.6% £450m Credit Ratings BB-/Ba3 Osprey Acquisitions Limited Anglian Water (Osprey) Anglian Venture Holdings Limited Financing Plc - £240m 4% March 2026 AWG Parent Co Ltd (formerly AWG PIC) wave - £210m 5% April 2023 Consolidated Debt at AWS Class A Debt/RAV 71.6% £5,991.60m Credit Ratings Class B Debt £793.8m Net Debt / RAV 81.7% Dividend Lock-up 1 85.0% Default 95.0% Net Debt GBP 6,470m AWG Group Limited A-/A3/A- BBB/Baa3/BBB Anglian Water Services Holdings Limited Anglian Water Services UK Parent Co Limited Anglian Water Services Limited Anglian Water Services Financing Plc awgproperty CELTIC ANGLIAN WATER CAW Alpheus TIDE TAKING IDEAS. DELIVERING EXCELLENCE 1 Senior RAR Trigger Event is 90%, with Dividend lock up at 85% £462m 5.5% love every drop anglianwater Investor Presentation 34#35AW reconciliation of CTA operating cash flow Six months to 30 September Operating cash flow - statutory accounts basis Tax paid Commissions on debt facilities not drawn Other Net cash inflow from operating activities - CTA basis 1 Primarily relates to issue costs on new debt 2020 2019 £m £m 345.4 366.2 (40.3) (1.0) (1.5) (0.4) (2.4) 344.0 322.0 love every drop anglianwater Investor Presentation 35#36AW reconciliation of CTA net debt Net debt - statutory accounting basis¹ Unpresented cheques and lodgements Capitalised issue costs IFRS 16 leases IFRS 9 adjustments Net debt - CTA basis 1 30 September 2020 31 March 2020 £m £m 6,697.4 6,677.2 0.1 0.1 31.4 31.7 (30.3) (30.8) (228.9) (218.5) 6,469.7 6,459.7 1 The CTA net debt continues to be on old UK GAAP basis, while statutory net debt is on an IFRS basis, excluding derivatives love every drop anglianwater Investor Presentation 36#37AW reconciliation of CTA underlying profit before tax Six months to 30 September 2020 2019 £m £m Profit before tax on an underlying basis 85.2 54.7 Finance costs - fair value losses on financial derivatives (100.6) (171.3) Loss before tax as reported on a statutory basis (15.4) (116.6) love every drop anglianwater Investor Presentation 37#38Summary new loans and repayments Six months to 30 September New Debt raised S88 A CPI 0.835 2040 GBP £65m Non cash debt raised IFRS 16 lease agreements Total debt raised 2020 £m 2019 £m New Debt raised 65.0 S61 A Fix 2.870 2029 GBP 65m 65.0 S62 A Fix 0.855 2039 JPY 7bn 50.9 115.9 Non cash debt raised 1.1 IFRS 16 lease agreements 66.1 Total debt raised 36.8 152.7 Debt repaid Debt repaid S01 A RPI 4.125 2020 GBP 150m L02 A RPI 0.530 2027 GBP 75m L02 A RPI 0.790 2027 GBP 75m L03 A RPI 0.000 2028 GBP 150m L04 A RPI 0.010 2030 GBP 60m (263.8) S31 A Fix 3.220 2019 JPY 5bn (34.7) (4.6) L01 A RPI 1.626 2019 GBP 50m (67.9) (4.6) L02 A RPI 0.530 2027 GBP 75m (4.5) (8.9) L02 A RPI 0.790 2027 GBP 75m (4.5) (3.4) L03 A RPI 0.000 2028 GBP 150m (8.9) L04 A RPI 0.410 2029 GBP 65m L04 A RPI 0.100 2029 GBP 125m (3.8) L04 A RPI 0.410 2029 GBP 65m (3.8) (7.1) F14 F BAR 0.35 2024 GBP 550m F15 F BOC 0.35 2024 GBP 50m (400.0) (50.0) (746.2) Settlement of leases Total debt repaid (1.9) Settlement of leases (124.3) (2.0) (748.1) Total debt repaid (126.3) love every drop anglianwater Investor Presentation 38