Earnings Call Summary | Innergex Renewable Energy Inc.(INGXF.US) Q4 2023 Earnings Conference
Earnings Call Summary | Innergex Renewable Energy Inc.(INGXF.US) Q4 2023 Earnings Conference
The following is a summary of the Innergex Renewable Energy Inc. (INGXF) Q4 2023 Earnings Call Transcript:
以下是Innergex可再生能源公司（INGXF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Innergex posted Q4 adjusted EBITDA proportionate of CAD186 million, a 30% YoY increase.
The full-year 2023 saw a 12% YoY increase in adjusted EBITDA proportionate, reaching CAD735 million.
Free cash flow for the year on a normalized basis would have fallen between CAD197 million and CAD212 million.
In 2024, Innergex expects adjusted EBITDA proportionate to range between CAD725 million to CAD775 million and free cash flow/share prior to prospective expenses to be between CAD0.70 to CAD0.85 per share.
Innergex launched an NCIB program to strategically repurchase up to 5% of outstanding shares.
Innergex公佈的第四季度調整後的息稅折舊攤銷前利潤爲 CAD186 百萬美元，同比增長30％。
2023年全年，調整後的息稅折舊攤銷前利潤按比例增長12％，達到 CAD735 百萬美元。
按正常化計算，今年的自由現金流將下降到 CAD197 百萬美元至 CAD212 百萬美元之間。
Innergex預計，2024年，調整後的息稅折舊攤銷前利潤比例介於 CAD725 百萬加元至 CAD775 百萬加元之間，扣除預期支出前的自由現金流/份額將在每股0.70加元至0.85加元之間。
Innergex啓動了一項NCIB計劃，旨在戰略性地回購高達5％的已發行股份。
Business Progress:
業務進展：
The company revised its capital allocation strategy to focus on greenfield development and decrease reliance on acquisitions of operating assets.
A diverse pipeline of prospective projects enables a disciplined approach to self-funded growth, emphasizing quality over quantity.
Target dividend payout ratio from 30% to 50% is set as part of the company's capital allocation strategy for 2024.
Moderate growth is expected in 2024, with a projection for more significant growth in 2025 once the under-construction projects are commissioned.
Project development, particularly in Canada, will utilize existing relationships with First Nation communities and utility customers.
The company aims for 100% renewable energy, focusing on diversifying geographically and ensuring long term cash flow through high-quality Power Purchase Agreements.
The company sees the next decade as promising for the growth of renewable energy across all core markets: Canada, U.S., Chile, and France.
該公司修訂了資本配置戰略，將重點放在綠地開發上，減少了對收購運營資產的依賴。
多樣化的潛在項目使我們能夠採用嚴格的方法實現自籌資金的增長，強調質量而不是數量。
作爲公司2024年資本配置戰略的一部分，目標股息支付率從30％設定爲50％。
預計2024年將出現適度增長，預計在建項目投入使用後，2025年將實現更大幅度的增長。
項目開發，特別是在加拿大，將利用與原住民社區和公用事業客戶的現有關係。
該公司的目標是實現 100% 的可再生能源，專注於實現地域多元化，並通過高質量的購電協議確保長期現金流。
該公司認爲，未來十年可再生能源在所有核心市場（加拿大、美國、智利和法國）的增長前景看好。
More details: Innergex Renewable Energy Inc. IR
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譯文內容由第三人軟體翻譯。