Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
GROWTH PIPELINE - FULLY FUNDED
Indicative Growth Capex
(Proportionate p.a. $m)
199
153
121
368
378
241
2016
2017
2018
2019
Indicative Funding
(Proportionate p.a. $m)
2020
2021
671
637
504
6,703
433
I
Indicative RCAB
(Proportionate $m)
9,214
CAGR 6.6%
with Renewables Growth
CAGR 3.8%
BAU + ISP Growth
2022
2023
2024
2025
2020
2025
■ VPN ■ SAPN
■TGD (RAB)
■TGD (CAB)
Renewables
VPN SAPN ■TGD ■Renewables
I
RAB growth supported by AEMO's 2020 ISP + SAPN
regulatory outcome and VPN draft regulatory determination
294
391
•
Contracted growth supported by AEMO ISP
80
70
273
70
173
70
84
70
80
70
773
308
272
199
204
211
121
153
161
161
190
Renewable development pipeline established
Growth fully funded through DRP and debt capacity
•
2016
2017
2018
2019
■Asset Level Financing
2020
■DRP
2021
2022
2023
2024
2025
Spark Infrastructure committed to investment grade ratings
■SKI Corporate Debt/Retained cash
(2)
(1) SAPN values derived from SA Power Networks Final Determination - differential of annual opening RAB value vs closing RAB value, adjusted for SKI Financial Year
VPN values based on CitiPower and Powercor Regulatory Proposals submitted 31 January 2020 - differential of annual opening RAB value vs closing RAB value, adjusted for SKI Financial Year
Renewables growth equivalent to capex investment of -580MW (-$1.1bn) in 2021-2025
(3)
(4) TransGrid includes investments presented on slide 30
Spark Infrastructure I Investor Presentation | February 2021
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