Group | Q2 FY15 | Q2 FY14 | % Change | |
Production | ||||
US | GWh | 825 | 818 | 1 |
Australia | GWh | 361 | 415 | (13) |
Total | GWh | 1,186 | 1,233 | (4) |
Revenue | ||||
US | US$m | 40.5 | 36.2 | 12 |
Australia | A$m | 32.5 | 38.9 | (16) |
Total[1] | A$m | 80.0 | 77.9 | 3 |
- United States revenue was US$65.0 million, up 9% on the pcp
- Australian revenue was A$65.6 million, down 23% on the pcp
Commentary on H1 FY15 production and revenue outcomes will be provided with the FY15 interim results.
ProductionProduction for the Q2 FY15 of 1,186 GWh was 4% or 47 GWh lower than the three months ended 31 December 2013 (pcp).
In the United States, production of 825 GWh for Q2 FY15 was 1% or 7 GWh higher than the pcp reflecting improved wind conditions at Crescent Ridge and all Sweetwater sites and improved site availability at sites with Gamesa turbines, partially offset by weaker wind conditions at Cedar Creek, and lower availability at Aragonne, Buena Vista and Caprock.
In Australia, production of 361 GWh for the Q2 FY15 was 13% or 54 GWh lower than the pcp primarily due to less wind across all sites.
RevenueRevenue for the Q2 FY15 of A$80.0 million was 3% or A$2.1 million higher than the pcp due to higher production in the United States and a declining Australian dollar offset by lower production in Australia.
In the United States, revenue of US$40.5 million for the Q2 FY15 was 12% or US$4.3 million higher than the pcp primarily reflecting income related to solar development activities, and to a lesser extent higher production for the period and higher prices in the PJM market.
In Australia, revenue of A$32.5 million for the Q2 FY15 was 16% or A$6.4 million lower than the pcp. This reflected lower production and lower merchant electricity prices.
Further information is included in the Appendix.
[1] FX - AUD:USD: Q2 FY15 - 0.8550; Q2 FY14 - 0.9271.
ENDS
For further information please contact:
Richard Farrell
Group Manager, Investor Relations and Strategy
Tel +61 2 8031 9900
Download the full ASX release including the Appendix:
15 01 30 Infigen Announces Second Quarter FY15 Production and Revenue
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