Investor Presentaiton
GCA Financial Targets for Government Companies
חברת החשמל
Israel Electric
Ratios
Targets
As of 06/30/2022
FFO (1) to adjusted financial debt ratio
Short term 11% to 18%
Long term 15% to 23%
9.7%
FFO (1) plus interest to interest ratio
Greater than 3
3.96
Return on capital employed (ROCE)
ratio
4.2% in the short term
5.2%
Source: IEC's Financial Statements for H1.2022 and a letter regarding the financial targets for Government Companies, circulated by the GCA on November 17, 2021 and approved by the IEC's Board of
Directors.
1. FFO is based on calculation of the EBITDA before normalization while neutralizing the change in liabilities with respect to employee benefits (from cash flow report) and other expenses (revenues), net,
less interest and taxes paid (from cash flow report).
Investor Relations
11View entire presentation