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Investor Presentaiton

Historical Cash Flow (NIS bn) $1.9 $1.8 6.5 6.5 6.5 $1.5 6.3 5.6 4.8 5.0 $0.8 $0.7 $0.6 2.8 $0.2 0.6 2.2 $0.4 2.3 $0.2 1.4 0.7 חברת החשמל Israel Electric (0.6) (1.3) ($0.4) (1.2) ($0.2) (2.5) ($0.4) (3.8) ($0.8) (4.5) (4.8) (5.2) ($1.1) ($1.2) ($1.3) (6.3) ($1.6) ($1.8) 2019 2020 2021 2022 9M.2022 9M.2023 Operating activities Investment activities, net (1) Financing activities -•-Total Liquidity Source: IEC's Financial Statements for 2018FY-2022FY and for 9M.2023 1. Investment activities excluding repayment (or deposits) of bank deposits. 2. IEC defines "liquidity" as cash and cash equivalents, short term investments and available credit facilities. Financial Figures denote USD figures at USD/NIS average exchange rate of 3.56, 3.44, 3.23, 3.36, 3.32 and 3.64 for 2019FY, 2020FY, 2021FY, 2022FY, 9M.2022 and 9M.2023, respectively. Investor Relations 40
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