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RESPONSIBLE
Spark Infrastructure is committed to being a responsible company. Responsibility expressed through strong asset management, clear strategies, efficient business operations, environmental awareness and prudent financial oversight. Investors expect it, customers respect it and staff value it.

"Organic growth remains at the core of the asset businesses' growth strategy. the asset companies continue to invest in the expansion of their networks to maintain and where possible improve asset performance and reliability. During the year, a total of $437.7 million in net capital expenditure (Spark INFRASTRUCTURE'S 49% share $214.5 million) was invested by the asset companies. Of the total, 54.1% was growth related."

"The asset businesses have maintained their strong position in unregulated business activity. In South Australia there is a number of mining, defence and other government initiated projects in which ETSA Utilities will participate. In Victoria there are a number of projects in which Powercor Network Services will take part, including the rebuild of the Geelong Terminal Substation, the expansion of the Bribie Island substation and the generation interface point for the Sugarloaf Dam Project."

"Spark Infrastructure and the asset businesses continue to enjoy strong support from debt providers. No re-financing of existing facilities is required at either the Spark Infrastructure or the asset company level in 2009. Spark Infrastructure's gearing is 63.6% while debt is 89.2% hedged on a proportionate basis and all hedging is undertaken with counterparties with credit ratings of A and above."

AGM AGM 11:30am Thursday 23 April 2009, Radisson Plaza Hotel, 27 O'Connell Street, Sydney NSW Australia

 

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RESPONSIBLE
Spark Infrastructure is committed to being a responsible company. Responsibility expressed through strong asset management, clear strategies, efficient business operations, environmental awareness and prudent financial oversight. Investors expect it, customers respect it and staff value it.

"Organic growth remains at the core of the asset businesses' growth strategy. the asset companies continue to invest in the expansion of their networks to maintain and where possible improve asset performance and reliability. During the year, a total of $437.7 million in net capital expenditure (Spark INFRASTRUCTURE'S 49% share $214.5 million) was invested by the asset companies. Of the total, 54.1% was growth related."

"The asset businesses have maintained their strong position in unregulated business activity. In South Australia there is a number of mining, defence and other government initiated projects in which ETSA Utilities will participate. In Victoria there are a number of projects in which Powercor Network Services will take part, including the rebuild of the Geelong Terminal Substation, the expansion of the Bribie Island substation and the generation interface point for the Sugarloaf Dam Project."

"Spark Infrastructure and the asset businesses continue to enjoy strong support from debt providers. No re-financing of existing facilities is required at either the Spark Infrastructure or the asset company level in 2009. Spark Infrastructure's gearing is 63.6% while debt is 89.2% hedged on a proportionate basis and all hedging is undertaken with counterparties with credit ratings of A and above."

 

AGM AGM 11:30am Thursday 23 April 2009, Radisson Plaza Hotel, 27 O'Connell Street, Sydney NSW Australia

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