Investor Presentaiton
Well Positioned in a Rising Interest Rate Environment
($ in Millions)
Impact of high interest rate
Term Debt Maturity Schedule
as of September 30, 20221
environment included in FY2023 and
long-term NFEPS guidance
$160
$100
$100 $150
$140
Interest rate impact mitigated by
predominately fixed-rate debt
$130 $130
$120
$120
$110
$100
$100
Manageable debt repayment
schedule with no significant maturity
$80
$80
$70
towers in any particular year
$60
$50
$55
$50
$50
$47
$41
-
Substantial liquidity at both NJNG
and NJR $900M of credit facilities
available through FY2027
$40
$50
$50
$20
$11 $10
$10
N
New Jersey
Resources
1)
$-
2024
2026
2028
2030
2032
2034
2036
2038
2040
2042
2044
■NJNG NJR
Weighted Average of Maturity ~16.2 years
$125
$125 $125
$100
$100
$100
$100
$75
2046
2048
2050
2052
2054
2056
2058
2060
2062
Term debt only (excludes short-term debt of $424 million, capital leases of $24 million and solar asset financing obligations of $112 million). Grouped by fiscal years.
17
$50View entire presentation