Investor Presentaiton
2.5
Robust financial position with predictable
shareholders' return and strong credit rating
Solid earnings performance (€/share)
Full year 2021 financial position
4.52
3.76
3.91
4.02
3.64
Net debt²
2.95
€4,886.3m
2016
2017
2018
2019
2020
2021
elia group
Cash
€3,049.4m
Avg. cost of debt
1.67%
Leverage
1.6 x
Elia Group, Eurogrid GmbH an Elia Transmission Belgium are BBB+ rated with a
stable outlook by S&P
Growing dividend
€/share
Pay-out ratio¹
180
Elia Group's dividend growth increasing with
CPI Index in Belgium.
160
Elia Group
STOXX 600
140
BEL 20
Stoxx Utilities
120
1.75
1.71
100
1.69
1.66
80
1.62
1.58
60
46%
47%
46%
40
46%
37%
20
57%
0
2016
2017
2018
2019
2020
2021
2010 2011 2012 2013 2014
2015
1.
2.
Based on IFRS Normalised results for 2014-2017. Based on IFRS result attributable to equity holders of ordinary shares for 2018 onwards
Net debt excluding hybrid
2016 2017 2018 2019 2020 2021 2022
33
33View entire presentation