TAQA H1 2021 Results - Energy Transition and Financial Performance
3 Highly predictable and secure cash flow profile
Over 85% of revenues and EBITDA derived from regulated and contracted businesses
Regulated and long-term contracted earnings
represent over 85% of revenues and EBITDA
Single regulatory framework in place for 3
regulated networks (Transco, ADDC and AADC) in
Abu Dhabi ensures predictable cash flows
12 years² weighted residual life of P(W)PAs
excluding projects under development. The latter
will have 25 or 30-year purchase agreements once
completed in the next 2 years
Contracted + Regulated:
c.86% of Revenue
•
•
LTM Revenue (end-Q2 2021)
■Regulated ■Contracted ■ Other
14%
27%
US$
11.8bn1
59%
Contracted + Regulated:
c.89% of EBITDA
LTM EBITDA (end-Q2 2021)
■Regulated Contracted
Other
11%
US$
4.9bn¹
44%
43%
Contracted: Local and international power generation assets
Regulated: Transmission and Distribution companies
•
Other: Pre-dominantly Oil and Gas³
Long-term predictability and visibility of cash flow profile underpinned by 85% or
more of revenues and EBITDA derived from regulated and contracted assets
1.
TAQA last twelve months (LTM) consolidated financials including 'Corporate segment'; 2. Weighted by gross installed power capacity and excluding Red Oak tolling agreement - merchant asset; 3. Includes Red Oak tolling agreement
(revenues and EBITDA) as well as Massar Solutions and Sohar Aluminium among other minority investments (EBITDA)
25
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