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Investment and Capex Summary Sep 16 Sep 16 Sep 15
Share % £m £m
Thermal Generation 8.0% 62.6 45.1
Renewable Generation 16.1% 125.7 169.2
Gas Storage 0% 0.2 3.2
Gas Production 5.9% 46.3 9.6
Total Wholesale 30.0% 234.8 227.1
Electricity Transmission 34.4% 269.3 289.3
Electricity Distribution 14.3% 111.6 113.2
Total Networks 48.7% 380.9 402.5
Energy Supply and Related Services 11.1% 86.8 70.5
Enterprise 3.0% 23.1 12.7
Total Retail 14.1% 109.9 83.2
Other 7.2% 56.8 44.5
Total investment and capital expenditure 100.0% 782.4 757.3
Debt metrics Sep 16 Mar 16 Sep 15
£m £m £m
Adjusted net debt and hybrid capital (£m) (8,995.4) (8,395.0) (7,936.8)
Average debt maturity (years) 8.8 8.9 9.4
Adjusted interest cover (excluding SGN) times 4.1 5.2 5.7
Adjusted interest cover (including SGN) times 3.9 4.7 4.9
Average interest rate for the period (excluding
3.67% 3.73% 3.96%
JV/assoc. interest and hybrid coupon)
Average cost of debt at period end (including
hybrid coupon)
4.20% 4.14% 4.31%
Adjusted Net Debt and Hybrid Capital Sep 16 Mar 16 Sep 15
£m £m £m
Adjusted net debt and hybrid capital (8,995.4) (8,395.0) (7,936.8)
Less: hybrid capital 2,209.7 2,209.7 3,371.1
Adjusted net debt (6,785.7) (6,185.3) (4,565.7)
Less: outstanding liquid funds (88.5) (121.8) (113.3)
Add: finance leases (290.6) (300.8) (308.5)
Less: non-recourse Clyde debt - (200.7) -
Reported net debt (7,164.8) (6,808.6) (4,987.5)
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