H1 2018 Highlights
CO
6
ESB Key Credit Strengths
Leading Irish
Energy Utility
ES3
Energy for
generations
Stable
Business Profile
Consistent
Financial Performance
•
95% Irish Government owned
Markets - Ireland and Great Britain
Owns all networks in ROI and NI 1
Irish electricity market: 42% share of
generation and 34% share of supply in
2017
Regulated electricity networks businesses
in Ireland account for more than two thirds
of EBITDA and assets
Supported by established and transparent
regulatory frameworks regarded as robust
by credit rating agencies 2
H1 2018 €620m & Gearing 53% (2017
EBITDA €1.28bn & Gearing 52%)
Diversified funding and strong liquidity
position
Credit ratings of A- and A3
1
2
In Republic Of Ireland (ROI) and in Northern Ireland (NI) via its wholly-owned subsidiary NIE Networks
See S&P Global report published May 2018 "Why we see the Republic of Ireland's Electricity
Regulatory Framework as supportive"
esb.ie/irView entire presentation