Investor Presentaiton
24
23
Balance sheet and liquidity position
Strong liquidity enabling capital management strategy
Debt maturity profile (at 9 February 2017)
> Cash balance of $969m at 31 December 2016
700
>
Net debt $2.6b, down $154m during 1H17
600
>
Debt headroom - $2b
500
Moody's Baa2 credit rating, stable outlook
400
>
$500m of Syndicated Term facility repaid February 2017
300
>
Revolving facility maturing FY17 to be refinanced with
September 2020 maturity
200
>
On-market share buy-back to continue
100
0.4% of issued share capital acquired to date
0
Further 4.6% of issued capital can be acquired to October 2017
FY17
FY18
FY19
FY20
FY21
FY22
■Drawn Bank Debt
■Bond Debt
FY23
FY24
FY25
FY26
FY27
Update on rehabilitation review process
Anticipated completion in time for FY17 results
FY28
FY29
FY30
FY31
FY32
Undrawn Bank Debt
Current status
Review underway as part of
periodic assessment of
rehabilitation options and costs:
- Third-party assessment of all
relevant sites
- AGL review of third-party
findings
- Financial modelling of
potential rehabilitation options
By end FY17
Outline community engagement
and consultation strategy
AGL Board review of
recommendations
Finalise financial modelling
Financial impact
FY17 balance sheet:
corresponding non-cash
adjustment in provision balance
and asset value
FY18 onwards income.
statement: any change in
provision and asset balance to
affect depreciation charge and
non-cash interest expense
AGL
Energy in
action
AGL
Energy in
action
12
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