Investor Presentation June 2021
Enhancing our financial
position
Robust and growing EBITDA
Balanced long-term capitalization
-
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Spire issued $175M of equity units
in February 2021
Spire Alabama issued $150M
of senior notes on Dec. 15, 2020
Spire Missouri priced $305M
of 30-year bonds on May 13
~$675M available liquidity at
March 31, 2021
Supported by credit facility and commercial
paper program
Added flexibility with $250M Spire Missouri
364-day term loan
Adjusted EBITDA¹
(Millions)
$600
$400
$490
$200
$400
$0
1H FY20
Long-term capitalization²
(at March 31, 2021)
Equity³
3
Debt 4
4.4%
Preferred stock
1H FY21
45.0%
1Adjusted EBITDA is earnings before provision for ISRS rulings, Missouri regulatory
adjustment, interest, income taxes, depreciation and amortization. See Adjusted EBITDA
reconciliation to GAAP in the Appendix.
2See Long-term capitalization in the Appendix.
³Including temporary equity and excluding preferred stock.
4 Including the current portion of long-term debt.
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Spire | Investor presentation June 2021
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50.6%
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