Investor Presentaiton
SA POWER NETWORKS - HY 2013
(100% results)
Financial
HY 2013 HY 2012
Change Operational
HY 2013 HY 2012
Change Change %
$m
$m
%
Customer numbers
Employee numbers
Regulated revenue - DUOS
418.6
408.5
2.5
Network availability (%)
99.97%
836,365 832,072
2,117 2,003
99.98%
4,293
0.5
114
5.7
-0.01%
(0.0)
Semi-regulated - other
21.3
21.4
(0.5)
Volume sold (GWh)
5,531
5,523
8
0.1
Unregulated revenue
67.8
61.9
9.5
Total revenue (ex customer contributions)
507.7
491.8
3.2
Customer contributions incl gifted assets
43.5
60.7
Total revenue
551.2
552.5
(0.2)
Cash operating costs
(150.2)
(141.0)
6.5
EBITDA (ex customer contributions)
357.5
350.8
1.9
(28.3) Regulated distribution revenue:
CPI-X increase - July 2012 6.63%¹
$21 million 2011/12 regulatory year STPIS accrued (HY 2012:
$15 million, HY 2013: $6 million) - being recovered from 1 July
2013
No 2012/13 regulatory STPIS accrued
EBITDA
401.0
411.5
(2.5)
EBITDA ex customer contributions margin
70.4%
71.3%
(0.9)
Operating costs up 6.5%:
Total Capex (net)
183.2
153.2
19.6
1. Excluding adjustments for recovery of STPIS, PV and Q-factor
SPARK INFRASTRUCTURE INVESTOR PRESENTATION - NOVEMBER 2013
25
Higher unregulated related costs in line with increased
revenues
$7 million higher superannuation expense (non-cash) resulting
from accounting standard amendments
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