Project Green District Energy Feasibility Study - Partners in Project ...

Pro Forma Financial Statements Project Green District Energy System
(Amounts in CAD million)
Operating Year
Pro Forma Income Statement
Revenue
Heating Revenues
Electricity Revenues
Total revenue
Operating Cost
Heating plant expenditure
CHP expenditure
Development/Corporate Overheads
Total expenses
EBITDA
EBITDA % of Revenue
Depreciation & Amortisation
EBIT
Interest cost
EBT
Taxes
Net profit
Net profit % Revenue
Dividend - lower of: % of NP
% of capital
Retained earnings
2035 2036 2037 2038 2039
21 22 23 24 25
4.31
2.82
7.13
2.73
1.54
0.29
4.56
4.44
2.82
7.26
2.81
1.54
0.30
4.65
4.57
2.82
7.39
2.89
1.54
0.30
4.74
4.71
2.82
7.53
2.60
1.54
0.31
4.46
4.85
2.82
7.67
2.68
1.54
0.32
4.55
2.57 2.61 2.65 3.06 3.12
36% 36% 36% 41% 41%
0.81
1.76
0.03
1.72
Private & Confidential 4
0.81
1.80
0.00
1.80
0.81
1.84
0.00
1.84
0.81
2.26
0.00
2.26
0.81
2.31
0.00
2.31
0.68 0.72 0.73 0.87 0.89
1.04 1.09 1.11 1.39 1.43
15% 15% 15% 19% 19%
0.52
0.52
0.54
0.54
0.55
0.55
0.59
0.80
0.59
0.84