Item 15- Presentation: Second Quarter Financial Report — original pdf

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Austin Energy Quarterly Financial Report 2nd Quarter FY 2026 John Davis Interim Senior Vice President and Chief Financial Officer May 2026 © Austin Energy Item 15Agenda Quarterly Financial Report Executive Summary Financial Health Budget to Actuals Financial Statements 2 Executive Summary Operating Results Operating income was below budget by $16m, or 11%, as of March. Financial Policies Substantial compliance in financial policies. Bond Rating AA- per S&P, below AA target Power Supply Adjustment $124M over recovered as of March. 3 Financial Health S&P Bond Rating Target: AA | Actual: AA- Days Cash on Hand Debt Service Coverage Operating Margin Debt to Capitalization Target > 200 Days Target > 2.5x Target > 10% Target < 50% Actual 184 Days Actual 2.3x Actual 10% Actual 58% Includes ~32 Days of Power Supply Adjustment over recovery 4 Austin Energy Quarterly Financial Report Budget to Actuals 5 Austin Energy Fund Summary 6 ActualBudgetFavorable (Unfavorable)Base Revenue $ 349 $ 336 $ 13 Power Supply Revenue247 259 (12)Other Operating Revenues 253 276 (23)Total Operating Revenues 849 871 (22)Power Supply Expense224 234 10 Other Operating Expenses 494 490 (4)Total Operating Expenses718 724 6 Operating Income (Loss)131 147 (16)Transfers In5 5 0 Interest Revenue16 22 (6)Debt Service(71)(69)(2)Income (Loss) Before Transfers81 105 (24)Administrative Support Transfer(21)(21)0 General Fund Transfer(70)(70)0 Economic Development Transfer(5)(5)0 Other Transfers(9)(9)0 CIP Transfer(62)(62)0 Excess (Deficiency) of Revenues $ (86) $ (62) $ (24)Millions of $6 Months Ended March 202680 60 40 20 0 s n o i l l i M $ Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 7 Actual Cost Budget Cost PSA Revenue Power Supply Adjustment Capital Improvement Plan (CIP) $ 4 2 2 M C I P B U D G E T C I P F I N A N C I N G Power Generation Joint Projects Transmission Distribution Substations District Cooling General 21% 31% 48% $ Millions $0 $50 $100 $150 $200 FY26 Spend Plan FY26 Actuals Debt Cash Contributions in Aid of Construction 8 Austin Energy Quarterly Financial Report Financial Statements Income Statement Average Number of Customers 580,420 569,932 2% increase FYTD 2026 FYTD 2025 Residential Commercial/Industrial Sales in Gigawatt-hours 6,608 6,581 0.5% increase FYTD 2026 Residential FYTD 2025 Commercial/Industrial 10 3/31/20263/31/2025Operating Revenue$599 $568 Power Supply Operating Revenue247 259 Power Supply Operating Expense224 206 Operating Expenses 439 420 Depreciation Expense108 105 Operating Income (Loss)$75 $96 Other Revenues (Expenses)(22)(17)General Fund Transfer(70)(63)Net Income (Loss)($17)$16 Millions of $6 Months Ended©Austin Energy. All rights reserved. Austin Energy and the Austin Energy logo and combinations thereof are trademarks of Austin Energy, the electric department of the City of Austin, Texas. Other names are for informational purposes only and may be trademarks of their respective owners.