Investor Presentaiton
6.0 OFFO PAYOUT RATIO: MAINTAINING FINANCIAL FLEXIBILITY TO ADVANCE OUR STRATEGIC OBJECTIVES
$350
84%
82%
$302
$287
$300
78%
$284
79%
$261
74%
71%
$250
$237
$236
69%
$261
$225
$200
$150
$100
$50
40%
$117
48%
$0
2015
2016
2017
2018
2019
2020
2021
2022
YTD 2023
FFO excluding OGLE
-FFO excluding OGLE Payout Ratio
FFO excl OGLE/unit
$1.05
$1.10
$1.16
$1.21
$1.24
$1.02
$1.07
$1.20
$0.54
Cash Distributions per
$0.86
$0.86
$0.86
$0.86
$0.86
$0.86
$0.43 (2)
$0.58 (3)
$0.43
unit
ACFO less Distributions
$25m (1)
$32m
$34m
$55m
$49m
$15m
$141m
$119m
$20m
(1) Annual retained operating cash
(2) Reduced annualized distribution per unit to $0.43 from $0.86 effective January 2021 (distribution paid to unitholders in February 2021)
(3) Reinstated annual distribution per unit to $0.86 from $0.43 effective September 2022 (distribution paid to unitholders October 2022)
First Capital
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