Announcement
MKTUPDTE: TLT: Tilt Renewables 2018 Q3 Production Results
08:30am
TLT
18/01/2019 08:30
MKTUPDTE
NOT PRICE SENSITIVE
REL: 0830 HRS Tilt Renewables Limited
MKTUPDTE: TLT: Tilt Renewables 2018 Q3 Production Results
Market Announcement
Dated: 17 January 2019
Tilt Renewables December 2018 quarter production results
In the three months to 31 December 2018 (Dec-18 quarter) group production
across the Tilt Renewables' portfolio was approximately 12% above the prior
corresponding period, despite New Zealand production being slightly below
that of the Dec-17 quarter and long-term expectations. Year-to-date (YTD)
production from Tilt Renewables' portfolio of eight operational wind farms,
was nearly 1.6 TWh.
The strong FY19 year-on-year performance by the Australian assets continued
into the Dec-18 quarter with production reaching 21% higher than the prior
corresponding period. This result is attributable to higher wind conditions
and the contribution of the Salt Creek Wind Farm, which has produced in line
with expectations since commissioning in July 2018. Negative impacts during
the quarter included approximately 5GWh of curtailed production due to the
AEMO South Australian System Strength Constraint.
In New Zealand, YTD production was 16% above the prior 9-month period but in
contrast to Australia, the Dec-18 quarter production softened to 5% below the
Dec-17 quarter. FY19 YTD production from New Zealand assets remains in line
with long-term average expectations.
Tilt Renewables maintains its previously announced EBITDAF* guidance range of
AUD $134 to 138 million for FY19 (ending 31 March 2019).
Refer table in attached announcement.
For further information please contact:
Steve Symons
Chief Financial Officer
Phone: +61 419 893 746
End CA:00329578 For:TLT Type:MKTUPDTE Time:2019-01-18 08:30:36
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