Investor Presentaiton slide image

Investor Presentaiton

Financial risk management principles Liquidity risk . Cash, cash equivalents and committed credit facilities cover at least 110 percent of short-term debt Undrawn MEUR 300 revolving credit facility (RCF) until 2021 with one-year extension option Continuous cash flow forecasting Credit and counterparty risk Prequalification of suppliers based on predetermined financial criteria Continuous credit risk analysis and monitoring Counterparty credit rating requirements and limits ISDAs in force for derivatives . Refinancing risk Refinancing in any given year less than 30% of total debt Even maturity profile Diversified funding sources Strong credit rating from at least two major rating agencies Market price risk • Derivatives only for hedging purposes Interest rate risk hedging of debt; convergence towards 12 months' average interest re-fixing time Material currency and commodity risk fully hedged Loss power hedging horizon up to 4 years, 12 months fully hedged Fingrid applies a conservative financial policy 82 2 Fingrid Debt Investor Presentation 28.3.2018 FINGRID
View entire presentation