Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
PERFORMANCE SUMMARY
Adjusted Proportional Results
(Spark Infrastructure share) ($m) (1)
Distribution and transmission revenue
Other revenue
Total Revenue
Operating costs
Beon margin
Enerven margin
EBITDA
Net external finance costs
EBTDA
(1) Normalising non-cash adjustments:
HY 2020
HY 2019
Change
Proportional
HY2019 EBITDA
$423.9m
510.4
491.7
3.8%
Change in VPN EBITDA (1)
$5.7m
75.3
85.4
-11.8%
Change in SAPN EBITDA (1)
$13.2m
585.7
577.1
1.5%
Change in TransGrid EBITDA
($3.8m)
(158.8)
(160.7)
-1.2%
3.9
2.9
34.5%
Proportional
HY2020 EBITDA
$439.0m
8.4
4.6
82.6%
439.0
423.9
(90.1)
(90.9)
3.6%
-0.9%
VPN revaluation adjustment(1)
$1.0m
SAPN revaluation adjustment(1)
$0.2m
348.9
333.0
4.8%
Statutory Proportional
HY2020 EBITDA
$440.2m
VPN: HY 2020: excludes $1.0m positive revaluation adjustment to employee entitlements provisions and $1.5m loss in a credit valuation hedge accounting adjustment
HY 2019: excludes $4.6m negative revaluation adjustment to employee entitlements provisions and $0.3m gain in a credit valuation hedge accounting adjustment
SAPN: HY 2020: excludes $0.2m positive revaluation adjustment to employee entitlements provisions and $2.0m loss in a credit valuation hedge accounting adjustment
HY 2019: excludes $1.7m positive revaluation adjustment to employee entitlements provisions and $1.0m loss in a credit valuation hedge accounting adjustment
Spark Infrastructure adjusted proportional EBITDA has increased by 3.6%
Spark Infrastructure I Investor Presentation I August 2020
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