Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
CAPITAL PIPELINE - FULLY FUNDED
199
153
121
Indicative Growth Capex
(Proportionate $m)
I
368
|
(309)
(638)
(647)
(548)
6,466
(423)
Indicative RCAB
(Proportionate $m)
CAGR 6.2%
with Renewables Growth
CAGR 4.3%
BAU + ISP Growth
(8,722)
2016
2017
2018
2019
2020
2021
2022
2023
2024
■ VPN SAPN ■TGD
Renewables
■ VPN
2019
■SAPN
2024
■TGD (RAB)
■TGD (CAB) Renewables
199
153
121
Indicative Funding
(Proportionate $m)
368
(309)
RAB growth supported by AEMO's 2020 ISP + VPN/SAPN
regulatory submissions
(638)
(647)
(548)
.
Contracted growth supported by AEMO ISP
(423)
Pursuing renewable development opportunities
Growth fully funded through DRP and debt capacity
Spark Infrastructure committed to investment grade ratings
(1)
2016
2017
2018
2019
2020
■DRP
■Asset Level Funding
2021
2022
Retained Cash/Corporate Debt
2023
2024
SAPN values derived from SA Power Networks Final Determination - differential of annual opening RAB value vs closing RAB value, adjusted for SKI Financial Year
(2) 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 1 x Bomen Solar Farm (~$180m) per year in 2021-2024
(3)
(4) TransGrid includes regulatory RAB growth with QNI Minor and VNI Minor, indicative connections of c5.5GW and allowances of c$4.0bn for Project EnergyConnect and HumeLink (based on AEMO 2020 Modelled Costs)
Spark Infrastructure I Investor Presentation | August 2020
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