UDWIREMC 2018 Key Ratio Trend Analysis Brian Stavish Regional Vice - - PowerPoint PPT Presentation

▶

Mar 18, 2024 259 likes •564 views

UDWIREMC 2018 Key Ratio Trend Analysis Brian Stavish Regional Vice President September 23, 2019 CFCs KRTA Developed by CFC in 1975 A statistical look at your cooperative Allows a comparison to other cooperatives Shows trends

SLIDE 1

UDWIREMC 2018 Key Ratio Trend Analysis Brian Stavish Regional Vice President September 23, 2019

SLIDE 2

CFC’s KRTA

 Developed by CFC in 1975  A statistical look at your cooperative  Allows a comparison to other cooperatives  Shows trends  Can help identify areas of strength and areas that

may be improved

 A good board and management tool

SLIDE 3

2018 KRTA Theme

 Slow Customer Growth Across the Country  KWH Sales Increased 6.49% Across the USA  Strong Financial Performance by Cooperatives  Power Cost Stabilizes  Debt Cost Continues to Decrease

SLIDE 4

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0

TEXAS MISSOURI ARKANSAS DE/MD/VA TENNESSEE OKLAHOMA KENTUCKY SOUTH CAROLINA ALABAMA INDIANA MISSISSIPPI LOUISIANA NORTH CAROLINA OHIO/WV ILLINOIS GEORGIA KANSAS SOUTH DAKOTA NJ/PA WISCONSIN IOWA UTAH MICHIGAN MINNESOTA FLORIDA COLORADO ME/NH/NY/RI/VT ARIZONA NEW MEXICO NORTH DAKOTA WYOMING MONTANA CA/NV IDAHO AK/HI NEBRASKA WASHINGTON OREGON

2018 2017 6.49 (US MEDIAN 2018)

1.02 (US MEDIAN 2017)

Growth in kWh Sales by State 2018 vs 2017

SLIDE 5

Key Industry Ratios

 Annual Growth in Number of Consumers (%) – Ratio 115  Average Residential Usage Kwh per Month – Ratio 61  Power Cost – Ratio 88

SLIDE 6

National Growth Trends –KRTA #115

1.00
0.50

0.00 0.50 1.00 1.50 2.00 2.50 3.00 1997 98 99 2000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Annual % Growth in Number of Consumers

UDWIREMC US Median

SLIDE 7

National Growth Trends – KRTA #61

900.00 1,000.00 1,100.00 1,200.00 1,300.00

Residential Kwh Monthly Usage

UDWIREMC US Median

SLIDE 8

National Trends – KRTA #88

0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 1997 98 99 2000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Power Costs

UDWIREMC US Median

SLIDE 9

UDWIREMC’s 2018 Ratios

 Let’s take a look at some key ratios for UDWIREMC.

SLIDE 10

Key Financial Ratios

 Modified Debt Service Coverage (MDSC) -Ratio 10

– Coop’s ability to repay principal and interest – CFC’s requirement is 1.35

 Equity as a percent of total assets – Ratio 16

– Ability/willingness to finance plant w/o bank debt – RUS requirement 30%, CFC requirement of 20%

SLIDE 11

SLIDE 12

SLIDE 13

Key Expense Ratios

 Power Cost – Ratio 88 & 90  Depreciation & Amortization – Ratio 96  Salary Cost – Ratio 113  Interest on Long-term Debt – Ratio 23  These 4 categories total approximately 85% of Total Cost of Electric Service

SLIDE 14

SLIDE 15

SLIDE 16

SLIDE 17

SLIDE 18

SLIDE 19

Other Key Ratios

 Total Consumers Served – Ratio 1  Total Kwh Sold – Ratio 2  Total Miles of Line – Ratio 5  Annual Capital Credits Retired (%) – Ratio 24  Cumulative Capital Credits Retired (%) – Ratio 26  Residential Revenue Per Kwh Sold (mills) – Ratio 38  Residential Kwh Sales Per Total Kwh Sales (%) – Ratio 69  Total Controllable Expense per Consumer ($) – Ratio 87  Average Service Availability Index – Ratio 145

SLIDE 20

SLIDE 21

SLIDE 22

SLIDE 23

SLIDE 24

SLIDE 25

SLIDE 26

SLIDE 27

SLIDE 28

SLIDE 29