(R)Evolution 2009-2050: Transforming Energy
Financial stability and strength
Strong balance sheet and commitment to investment grade credit ratings
S&P financial metrics
Agency
Ratings
Outlook
Adj. FFO/Debt(1-3)
Adj. Debt/EBITDA (1-3)
20%
5.0
S&P
BBB-/P-3
Stable
Minimum
threshold
4.0
15%
DBRS
BBB(low) / Pfd-3 (low)
Stable
3.0
10%
2.0
5%
1.0
.
DBRS and S&P have affirmed
0%
0.0
investment grade credit ratings and
stable outlook
2021T
2022F
2021T
2022F
Maximum
... range
.
Strong liquidity from operating cash
flow and $1B of committed
DBRS financial metrics
Adj. Cash flow/Debt (1,3)
Adj. EBITDA/Interest(1,3)
sustainability-linked credit facilities to
40%
10.0
2026
8.0
30%
.
2022 forecast to be another strong
year with credit metrics well above
current ratings threshold
6.0
Minimum
20%
threshold
4.0
Minimum
threshold
10%
2.0
0%
0.0
1) Cash flow and adjusted EBITDA amounts include off-coal compensation
2021T
2022F
2021T
2022F
2) Based on S&P's weighted average ratings methodology
3) 2021T means 2021 target, 2022F means 2022 forecast
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