Investor Presentaiton
Financial Highlights
Revenues
EBITDA (1)
חברת החשמל
Israel Electric
NIS
NIS
$7.1
bn
$5.9
$6.7
$6.3
$7.4
bn
30
12
$2.0
$2.3
$2.1
$2.3
22.7
23.4
23.6
24.7
$2.3
23.8
20
9
7.7
8.1
8.0
7.9
7.5
20
10
0
2016
2017
2018
2019
CO
6
3
0
2020
2016
Historical Investments by segments (CAPEX)
2017
2018
2019
Net Financial Debt/EBITDA (3)
2020
NIS
(2)
$1.7
bn
$1.6
8
5.94
$1.1
$1.0
654321
$0.9
5.10
CO
6
5.3x
5.2x
4.8x
1.8
0.2x
4.4x
3.88
3.73
4.0x
3.49
1.5
4
1.1
1.3
1.3
1.5
1.3
5.1x
5.2x
4.8x
4.4x
0.5
0.7
2
4.0x
0.9
2.9
2.2
1.7
1.8
1.3
0
2016
2017
2018
2019 (2)
2020
2016
■State guaranteed
2017
2018
2019
2020
■Net Financial Debt/ EBITDA without State guarantees
■Generation
■Transmission
■System Manager
■Distribution
■Supply
Source: IEC's Financial Statements for 2016FY-2020FY
1.
2.
3.
IEC defines "EBITDA" as profit (loss) before income taxes, financial expenses, depreciation and amortization.
CAPEX also include non-cash adjustments in 2019 in accordance with IFRS 16 (Leases) in the sum of appx, Nis 1.4 billon.
IEC defines "net financial debt" as credit from banks and other credit providers, total long-term debt (including debentures, long-term liabilities to banks, including hedge transactions, lease liabilities, debentures to the State of
Israel and liabilities to the State of Israel), less cash and cash equivalents, short-term investments and other receivables (including receivables for forward contracts and swap transactions, MTM and long-term deposits and
regulatory deferral account assets with respect to linkage differentials).
Denotes USD figures at USD/NIS exchange rate of 3.85, 3.47, 3.75, 3.46 & 3.22 for the end of period of 2016FY, 2017FY, 2018FY, 2019FY & 2020FY, respectively
Investor Relations
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