SaskEnergy Second Quarter Report - September 30, 2021

Financial and Operating Highlights

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

Three months ended September 30

Six months ended September 30

2021

2021

2020

2020

40 51

94

Delivery

41 46

99 93

100

Transportation and storage

1 4 3

2 5 7

Commodity margin

- -

1

Asset optimization margin Customer capital contributions Total revenue and margins

(4)

8

10

99 24 44 31

208

95 22 39 28

199

51 83 61 10 29

Employee benefits

47 79 57

Operating and maintenance Depreciation and amortization

7

Saskatchewan taxes Net finance expense

6

9

14

14

27

(1)

(1)

Other (gains)

-

(2)

Total expenses

119

233

109

217

(20)

(25)

Loss before unrealized market value adjustments

(14)

(18)

37 17 38

52 27

Market value adjustments CONSOLIDATED NET INCOME Cash provided by operating activities Cash used in investing activities Cash used in financing activities

18

30 12 81

4

102

25

(89)

(122)

(61)

(103)

49

19

39

26

2

6

Dividends declared

2

5

3,385 1,683 58.8%

Total assets Total net debt

3,217 1,564 58.7%

Debt ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

2 2

6 8

3 2

9 8

Commercial

41 45

82 96

Industrial

39 44

73 90

Total

25% warmer 12% warmer

7% warmer

Weather (compared to last 30 years) Transmission energy (petajoules) Domestic

10% colder

72

151

71

143

8

10

Export

3

4

Total

80

161

74

147

Cash from Operations $ Millions

Cash used in investing activities $ Millions

(Loss) income before MVA $ Millions

120

20

175

10

161

109

102

122

125

(10)

90

81

103

(18)

(25)

75

(40)

60

2021 2020 2019

2021 2020 2019

2021 2020 2019

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