Investor Presentaiton slide image

Investor Presentaiton

Funding and liquidity Ausgrid has a $12.6 billion debt portfolio, is committed to prudent capital management and seeks to minimise its cost of funding within defined risk parameters Summary Management's key focus to date has been to establish a global capital markets presence in order to achieve diversity of funding sources and tenors, with a view to managing refinancing risk in a prudent manner. All foreign currency and A$ debt is hedged to Australian dollar exposures at the time of issue. As set out in the Supporting Materials, interest rates are hedged separately to match regulatory periods The next debt maturities are in FY22, being $1.424 billion (B2 bank facility) in December 2021 and $917 million (B1 bank facility) in June 2022. The $971 million ($251 million undrawn) combined Working Capital/Capex Facility matures in June 2022 Ausgrid has total liquidity of $614 million as at 30 June 2020, comprising $211 million of undrawn committed facilities and minimum cash balances of $403 million Debt funding sources (as at June 2020) Total drawn debt of $12.6 billion Debt maturity profile 1,2 Bank USPP US144A 9.5% AMTN 8.2% 18.7% 53.1% 251 I -27 3.5y 693 To be partially repaid by proceeds of this 1,424 issuance 917 659 1,400 1,200 1,037 600 6.5y 250 1,400 995 659 643 EMTN 10.4% Notes: H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 FY21 FY22 FY23 FY24 FY25 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 FY28 FY26 FY27 FY29 FY30 FY31 FY32 SFA Capex facility WC facility Capex + WC (undrawn) USPP AMTN ΠΕΜΤΝ ■ US144A ■ ASF 1. Foreign currency debt is hedged for its term via cross currency swaps to A$; debt amount shown are at the relevant hedged exchange rate 2. Weighted average debt maturity of the drawn debt portfolio as at 30 June 2020 equals 5.0 years Ausgrid Together 728 H1 H2 FY33 27
View entire presentation