Investor Presentaiton
VICTORIA POWER NETWORKS – HY 2013
(100% results)
-
Financial
HY 2013 HY 2012
Change
Operational
HY 2013
HY 2012
Change Change %
Customer numbers
1,065,211
1,050,951
14,260
1.4
$m
$m
%
Employee numbers
2,145
1,965
180
9.1
Regulated revenue - DUOS
383.9
334.7
14.7
Network availability (%) - CP
99.99%
99.99%
Prescribed metering (AMI)
69.3
62.6
10.7
- PC
99.97%
99.97%
Semi-regulated other
21.8
20.8
4.8
Volume sold GWh
- CP
3,021
2,975
46
46
1.5
Unregulated revenue
66.4
41.3
60.8
- PC
5,319
5,372
(53)
(1.0)
Total revenue (ex customer contributions)
541.4 459.4
17.9
Volume sold GWh (total)
8,340
8,347
(7)
(0.1)
Customer contributions
33.8
30.4
11.0
► Revenue growth:
Total revenue
575.2 489.8
17.4
Cash operating costs
(196.1) (175.0)
12.0
CPI-X increases from 1 January 2013 - 8.92% for Citi Power and
9.92% for Powercor¹
Regulatory appeal revenues included in 1 January 2013 tariffs
EBITDA (ex customer contributions)
345.3 284.4
21.5
EBITDA
379.1 314.8
20.4
Unregulated revenue growth driven by increased PNS external
business activity
AMI revenue growth driven by continued rollout
EBITDA ex customer contributions margin
Total Capex (Inc. AMI)
63.8% 61.9%
1.9
239.1 215.7
10.8
Operating costs up 12.0% reflecting:
1.
Excluding adjustments for recovery of STPIS and any other immaterial adjustments
SPARK INFRASTRUCTURE INVESTOR PRESENTATION - NOVEMBER 2013
27
Higher unregulated related costs in line with increased PNS
external revenues
spark infrastructureView entire presentation