Investor Presentaiton
Corporate Debt Profile - as of Q1 2023
VISTRA
A strong balance sheet is core to Vistra's strategy. Accordingly, Vistra remains committed to a
long-term net leverage target (excluding any non-recourse debt at Vistra Zero) of less than 3x
Q1 2023
1.
($ millions)
Funded Revolving Credit Facility and Commodity Linked RCF
Term Loan B
Senior Secured Notes
Senior Unsecured Notes
Accounts Receivable Financings
Equipment Financing Agreements
Total Debt
Less: cash and cash equivalents
Total Net Debt (before Margin Deposits)
Less: Net Margin Deposits
Total Net Debt (after Margin Deposits)
Illustrative Leverage Metrics
Adjusted EBITDA (Ongoing Operations) 1
Gross Debt/ EBITDA (x)
Net Debt/EBITDA (x) before Margin Deposits
Net Debt/EBITDA (x) after Margin Deposits
For illustrative purposes only, reflects midpoint of 2023 Adjusted EBITDA (Ongoing Operations) Guidance announced by Vistra on November 4, 2022.
Vistra Investor Presentation/June 2023
$0
2,507
4,600
4,850
600
79
$12,636
(518)
$12,118
(1,871)
$10,247
$3,700
3.4x
3.3x
2.8x
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