TAQA Business Overview H1 2023
Liquidity and debt profile Jun 2023
Successful $1.5 billion bond issuance in Q2 2023, including TAQA's first Green bond
Continued significant headroom for additional borrowing to fund future growth while maintaining standalone investment grade rating
Total debt stood at AED 61.7 billion in Q2 2023 (Q2 2022: AED 63.1 billion)
Fixed rate debt (% total)
Average debt maturity (years)
98%
98%
10.3
10.5
Dec-22
Jun-23
Average interest rate
Dec-22
Jun-23
Strong liquidity levels
Liquidity (AEDbn) ......% of total assets
13.0%
12.3%
Dec-22
Mar-23
Continued reduction in net leverage
! Delivering on our quarterly dividend policy
I
Net debt/EBITDA (LTM)
Dividends¹ (AED billion)
3.1 + 2.2 (paid)
3.4 + 2.4 (paid)
3.6+variable (TBD)
DPS (fils/share)
TBD
5.10
4.75
4.59%
4.65%
2.5x
1.3
1.20
2.6x
1.10
0.55
0.60
0.65
3.25
0.55
0.60
0.65
0.55
0.60
0.65
FY 2022
Q2'23
FY 2022
Q2'23
2021
2022
2023
1. Proposed dividend payouts of indicated financial years
19
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