Israel Electric Financial and Sector Reform Update
Key Financial Targets
Ratios
BOD'S
Targets
חברת החשמל
Israel Electric
As of 03/31/2022
Real net financial debt ratio to
2023 - 4.6
4.4
normalized EBITDA
2025 -4.3
Total debt to total assets ratio
2025 - 65%
67%
(leverage)
International rating
At least 'BBB'
+BBB
2023
Real net financial debt
NIS 34 billion
2025 NIS 31 billion
NIS 34.4 billion
Liquidity (safety cushion)
Minimum NIS 3
billion (1)
The Company complies
with the objective
Source: IEC's Financial Statements for Q1.2022
1. Composed of: balance of cash and short-term deposits will be no less than NIS 1.5 billion and unused secured credit lines valid for a period exceeding one year up to NIS 1.5 billion.
Note: The financial targets approved by the Board of Directors On December 14-16, 2021 until the end of the reform period by the year 2025.
Investor Relations
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