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Investor Presentaiton

Net Debt-to-Revenue Per Cent -Planning Projection Faster Growth Scenario 250 200 Net Debt-to-Revenue Target <200% 150 126 Slower Growth Scenario 234 225 226 225 214 208 226 216 223 220 189 207 192 189 188 - 187 182 183 168 184 183 162 176 177 157 170 146 164 153 100 104 78 50 50 1990-91 1991-92 1992-93 222 220 208 209 211 206 204 199 203 187 2022-23 2023-24 2017-18 2018-19 2019-20 2020-21 2021-22 2016-17 2024-25 2025-26 2025-26 2022-23 2023-24 2024-25 1993-94 1994-95 1995-96 1996-97 2003-04 2004-05 2005-06 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2006-07 2007-08 2008-09 Sources: Public Accounts of Ontario (1990-1991 to 2022-2023) and Ontario Financing Authority. Actuals 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Ontario Current Outlook & Medium-Term Outlook 22 22
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