Ha Sustainable Infrastructure Capital, Inc. · NYSE:HASI
Ha Sustainable Infrastructure Capital — Corporate Update (October 2023)
9 slides from Ha Sustainable Infrastructure Capital's corporate update, Oct 6, 2023
Slide 1: Resilient Business in an Evolving Market
Resilient Business in an Evolving Market October 6, 2023 1
Slide 2: Forward Looking Statements
Forward Looking Statements Some of the information contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used herein, words such as "believe," "expect," "an
Slide 3: Business Fundamentals Remain Intact
Business Fundamentals Remain Intact New Investment Yields Rising in Tandem With Current Rates No Additional Equity Required to Achieve Guidance Minimal Interest Rate Risk Base Rates Fixed or Hedged as % of Total Debt1 % Fixed 97% 97% 92% 87% 87% 75% 75% '23 '24 '25 '26 '27 '28 '29 1. Please see slid
Slide 4: Non-Cyclical Business Model
Non-Cyclical Business Model • HASI has no immediate material debt maturities • Recurring income and cashflows from existing portfolio • $296m Distributable Investment Income and $430m1 in portfolio cashflows in 2022 • Revenue derived from underlying contracts with credit-worthy, incentivized offtake
Slide 5: Net Investment Income Protected From Changes in Base Rates
Net Investment Income Protected From Changes in Base Rates Illustrative Annualized Net Investment Income (NII) Based on Static Portfolio as of 6/30/23 Balance as Illustrative Floating Rate Floating Rate NII Analysis1 of 6/30 Rate Run-Rate (+) 200 bps (-) 200 bps Portfolio2 $4.9b * 7.7% = $377m $377m
Slide 6: HASI Remains a Differentiated Business Model With No Direct Peers
HASI Remains a Differentiated Business Model With No Direct Peers Diverse Markets & Asset Participation in 3 different markets and 8 asset classes provides Classes diversified exposure to energy transition Adaptable to Higher Costs Diversified clients, market, and asset classes enable adaptation to
Slide 7: Appendix
Appendix
Slide 8: Debt and Hedging Platform - A Key Strength in Rising Rate Environment
Debt and Hedging Platform - A Key Strength in Rising Rate Environment Debt Amount Base Rate Fixed or Debt Facility (millions) 1 Effective Rate2 Maturity Year Hedged Term Corporate Senior Unsecured Notes $1,000 3.38% 2026 2033 Convertible Notes $403 3.75% 2028 2028 Corporate Senior Unsecured Notes $4
Slide 9: Strong Cash Collections
Strong Cash Collections Cash Collections ($ m)1 2Q23 TTM 2022 2021 Adjusted Cash Flow from Operations Plus $228 $287 $259 Other Portfolio Collections2 (+) Interest Paid $118 $99 $108 (=) Cash Available for Debt Service $346 $386 $367 (-) Interest Paid ($118) $(99) $(108) (-) Dividend ($139) ($132) (
HA Sustainable Infrastructure Capital — Corporate Update (October 2023) on 6ix