Energia  4.75% 15 Sep 2024

Business Description

Energia was formerly known as Virdian, the company re-branded in June 2019.

Energia is the leading independent energy company in the all-Ireland market. With substantial businesses in both North Ireland and the Republic of Ireland and an annual turnover of circa €1.5 Billion, the Energia Group is one of Ireland’s Top 50 Businesses.

Energia Group has always been at the forefront of innovation and was the first independent energy company to enter the deregulated market to offer competitive electricity to Irish businesses in 1999. Energia, a forward thinking and innovative organisation, was first to market with many major initiatives including:

  • First independent energy company to build two modern power plants in Ireland with no state guarantees.
  • First independent energy company to offer competitive gas to Irish businesses and Ireland’s first independent dual fuel offering.
  • First energy company to trade electricity using the north-south inter-connector.

Energia has a circa 20% share of domestic electricity sales and a circa 27% share of business electricity sales on an all-Ireland basis.

Bond Information

Coupon

4.75%

Maturity Date

15 Sep 2024

Next Interest Payment

15 Mar 2020

Interest Period

6 months

ISIN

XS1684812339

Asset Security

First ranking charge over company assets

Amount

£225,000,000

Ratings

Moody's:  B1, Fitch:  BB-

Call Schedule

15 Sep 2020 at 102.375
15 Sep 2021 at 101.188
15 Sep 2022 at 100

Status

Payments on time

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry

Energy, Utilities & Infrastructure

Country of Origin

Ireland

Year of Incorporation

1999

Ownership Status

Private

Capital Structure

Senior Debt 38%

Equity 62%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

Source: Public company information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on EUR1bn purchase price paid by I Squared On 29 April 2016

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

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