Israel Electric Financial and Sector Reform Update
GCA Financial Targets for Government Companies
חברת החשמל
Israel Electric
Ratios
Required
As 31.03.2022
FFO (¹) to adjusted financial debt ratio
11% to 18% in the
short term, 15% to
23% in the long
term
10.9%
FFO (¹) plus interest to interest ratio
Greater than 3
4.33
Return on capital employed (ROCE)
ratio
4.2%
4.8%
Source: IEC's Financial Statements for Q1.2022 and a letter regarding the financial targets for Government Companies, circulated by the GCA on November 17, 2021 and approved by
the IEC's Board of Directors.
1. FFO means operating profit for the period as set forth in the profit and loss statement, plus depreciation and reductions (per the cash flow statement), as adjusted for income and
expenses that are not the operating activity basis of the Company; excluding interest and taxes as set forth in the cash flow statement.
Investor Relations
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