Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
VPN LOOK-THROUGH NOCF (100%)
$m
900
850
( 162.5)
800
750
700
650
600
550
500
450
903.1
400
350
300
250
200
150
100
50
0
EBITDA
less: Net finance
charges (cash)
FY 2020
(302.2)
(58.3)
( 46.5)
333.7
848.9
Note re maintenance capex:
less: Net
regulatory
depreciation less
CPI uplift
Non cash/net
working capital
Tax paid
Net operating
c/flow - FY 2020
EBITDA
movements
Net regulatory depreciation is a proxy for maintenance capex. It is calculated as regulatory depreciation net of actual CPI uplift on RAB
CPI uplift on RAB was estimated by: CPI uplift on RAB for 2020 is 1.59%; CPI uplift on RAB for 2019 was 2.08%
CPI is based on 'All groups CPI' for weighted average of 8 capital cities, not seasonally adjusted (Source: ABS). June on June (released July)
Spark Infrastructure I Investor Presentation | February 2021
(167.3)
FY 2019
(263.1)
31.2
449.6
less: Net finance
charges (cash)
less: Net
regulatory
depreciation less
CPI uplift
Non cash/net
Net operating
working capital c/flow - FY 2019
movements
55View entire presentation