Investor Presentaiton
Key Financial Highlights - Q1.2023
חברת החשמל
Israel Electric
Revenues
CAPEX
Net Financial
Debt(1)
EBITDA (2)
NIS 5.8 billion
$1.6
NIS 1.7 billion
$0.5
NIS 36.0 billion
$10.2
NIS 1.4 billion
$0.4
IEC Global
Baa1 Stable (Moody's)
BBB+ Stable (S&P)
Credit Ratings
IEC Local
Aa1.il Stable (Midroog)
ilAAA Stable (Maalot S&P)
Source: IEC's Financial Statements Q1.2023
1.
2.
Net financial debt is a non-GAAP measure that is defined as credit from banks and other credit providers, plus total long-term debt (including debentures, long-term liabilities to banks, including hedge
transactions, liabilities to the State of Israel), leases liabilities and CPI linkage differentials regulatory deferral account, cash and cash equivalents, short-term investments, long and short term receivables in
respect of forward contracts and swap transactions, and long-term deposits to secure swap transactions.
IEC defines "EBITDA" as a Normalized EBITDA - profit (loss) before income taxes, financial expenses, depreciation and amortization, including movement in regulatory deferral accounts, while neutralizing
special non-current events
Financial Figures presented in USD according to an average USD/NIS exchange rate of 3.54 as of Q1.2023
Investor Relations
7View entire presentation