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Investor Presentaiton

Medium-term outlook Key financial targets remain strong EBITDA Margin ROIC WATER UTILITY RENEWABLE ENERGY 75-80% 60-65% 13-15% in GEL 11-13% in USD VALUE CREATION DRIVERS Operating cash-flow over debt service c. 4.0x c. 1.5x Water utility business's alignment with regulatory framework Generation to reach run-rate level of c. 1.3 TWh $ USD revenue streams from electricity sales Jo Water utility tariff increase from 2021 $ Electricity sales price increase $ Bullet repayment structure for water utility business and operational renewable energy assets 13
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