Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
STRONG BALANCE SHEET & LOW REFINANCING RISKS
Total Debt Facilities
Next Maturity
Rating
(S&P/
Moody's)
Undrawn
Debt
Drawn
Debt
Average
Interest Rate
Amount
Avg.
Maturity
Amount
Date
VPN (1)
A- / n/a
$335m
$4,737m
3.6%(5)
$5,072m
4.9 years
$425m
August 2021
SAPN(1)
TransGrid(1)
A- /n/a
$225m
$3,322m
4.1%(5)
$3,547m
6.4 years
$53m
June 2022
n/a / Baa2(2)
$568m(3)
$5,955m(3)
3.5%(5)
$6,523m(3)
4.6 years
$1,550m(4)
June 2021
Corporate (1)
n/a / Baa1
$220m
$180m
2.3%
$400m
2.7 years
$400m
February 2023
.
•
Substantial undrawn and committed facilities
⚫ Investment grade credit ratings
• Access to multiple sources of debt
⚫ Long-weighted average maturities
Minimal short-term refinancing requirements
(1) All figures at 100%. As at 30 June 2020
(2) Relates to the TransGrid Obligor Group
(3) Relates to TransGrid Obligor Group and TransGrid Services
(4) This amount includes $365m undrawn debt at 30 June 2020
(5) Average interest rate is calculated based on finance charges (less non-cash credit valuation hedge adjustments) divided by average gross debt in the period
Spark Infrastructure | Investor Presentation I August 2020
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