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Infigen Energy (ASX:IFN) has presented an unaudited production report for the month of October 2018. The company has shown the production reports of its various wind farm projects at different sites. The company has also highlighted a comparative analysis of October FY18 and October FY19. Also, a comparative analysis of the YTD report is also highlighted for FY18 and FY19. For the wind farm Alinta, situated in WA, there is a fall in production by 6%. The Bodangora wind farm situated in NSW shows that the production was only 9 GWh. The capital wind farm and Woodlawn situated in NSW showed an increase in the production of electricity by 30% and 12% respectively. The wind farms Lake Bonney 1, Lake Bonney 2 and Lake Bonney 3 situated in SA reported a downfall in the production of electricity by 15%, 14%, and 15% respectively. There was an increase in the sales from the production done through Infigen assets by 8% in the month of October FY19 as compared to October FY18.
Based on the comparative analysis of YTD FY19 and YTD FY18, only the Alinta wind farm showed a positive production. The other wind farms showed a fall in the production of electricity. There was an increase in the production at Alinta wind farm by 12%. The Bodangora wind farm produced 12 GWh electricity. The Capital wind farm and Woodlawn situated in NSW reported a fall in the production by 7% and 8% respectively. The wind farm Lake Bonney 1, Lake Bonney 2 and Lake Bonney 3 reported a fall in the production by 2%, 6%, and 6% respectively. There was no change in the sales from the production through the Infigen assets.
The company also highlights that there is a loss of energy as a result of electrical resistance and heating of conductors when the electricity flows through various transmission and distribution networks.
For the year ended FY2018, the company reported an increase in the revenue from the ordinary activities by 13.7% as compared to the previous year. The net profit for the period attributable to the members has gone up by 41.5%. The net cash inflow from the operating activities is $100.446 million. The major outflow was due to the payments made to the suppliers and the employees as well as the interest and the other finance cost paid. There was a net cash outflow from the investing activities by $143.042 million. The major cash outflow was due to the payment made for the property, plant, and equipment. There was a cash outflow of $65.510 million through the financing activities. The major cash outflow under this category was due to the repayment of the borrowings which was around $663.636 million, payment of new borrowing transaction cost and the payment for the interest rate derivative termination. There was a decrease in the net cash flow worth $108.106 million. The closing cash balance of the company was $144.898 million.
Since the inception, the performance of the company is -43.26%. The 1 year, 5 years and 10 years performance of the company is -27.46%, 110.29% and -37.11% respectively. By the end of the day, there was a slight increase in the market price of the share by 0.388%. The share traded at A$0.517 with a market capitalization of A$492.63 million and PE ratio 10.73x.
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