1. Eskom Holdings Limited Reg. No. 2002/015527/06
Profit/(loss) after tax
R’m
(9,708)
Embedded derivatives contributed R6,8billion
Fair value adjustments R1,7 billion
Eskom Holdings Limited Reg. No. 2002/015527/06

2. Eskom Holdings Limited Reg. No. 2002/015527/06
Interest cover
Ratio
Aspiration of achieving ratio of 3
Eskom Holdings Limited Reg. No. 2002/015527/06

3. Eskom Holdings Limited Reg. No. 2002/015527/06
Balance sheet Indicators
Debt:equity ratio
Cash and cash
equivalents
Funding vs capex
Eskom Holdings Limited Reg. No. 2002/015527/06

4. Eskom Holdings Limited Reg. No. 2002/015527/06
Debt:equity (incl long-term provisions)
Ratio
Extensive borrowing: Balance sheet not prepared in advance for continued borrowings
Eskom Holdings Limited Reg. No. 2002/015527/06

5. Eskom Holdings Limited Reg. No. 2002/015527/06
Cash and cash equivalents
R’bn
Concerted focus on cashflow to improve liquid cash balances
Eskom Holdings Limited Reg. No. 2002/015527/06

6. * Net debt raised and repaid (including government loans)
Funding activities vs capital spend
R’m *
* Net debt raised and repaid (including government loans)
Eskom Holdings Limited Reg. No. 2002/015527/06

7. Eskom owned by government Ratings are correlated
Credit ratings
Entity
Rating
Moody’s
S&P
Fitch
Eskom
Foreign currency
Baa2
*BBB+ -
ZAR Long-term
**AA+
AAA
Outlook
Negative
*Watch Negative
**Watch Developing
Stable
South Africa A3
BBB+
**AAA
*Negative
** Stable
Eskom owned by government
Ratings are correlated
Eskom Holdings Limited Reg. No. 2002/015527/06

8. Significant improvement - plant and network availability
Technical performance
Generation
Transmission
Unplanned capability loss factor
Number of interruptions %
Number
Significant improvement - plant and network availability
Eskom Holdings Limited Reg. No. 2002/015527/06

9. Eskom Holdings Limited Reg. No. 2002/015527/06
Safety performance
Fatalities during the year
Employees
Contractors
Public *
Culture of zero harm
Eskom Holdings Limited Reg. No. 2002/015527/06

10. Eskom Holdings Limited Reg. No. 2002/015527/06
Highlights for the year 1
Challenges requiring ongoing focus 2
Business Results for 2008/9 3
Outlook for 2009/10 4
Building for the future 5
Conclusion 6
Eskom Holdings Limited Reg. No. 2002/015527/06

11. Eskom Holdings Limited Reg. No. 2002/015527/06
Outlook for 2009/10
At least break even at operating income
level
Living within our means, targeted savings
Financial
Eskom Holdings Limited Reg. No. 2002/015527/06

12. Eskom Holdings Limited Reg. No. 2002/015527/06
Outlook for 2009/10
Anticipate increase in demand as economy
strengthens
Successful Confed Cup a good dry run for FIFA World Cup South Africa TM
Confident of adequate supply for
2010 FIFA World Cup South Africa TM
Improved plant performance, maintenance
and coal stock piles
Expensive plant utilisation to ensure
reliability of supply
Continued focus on energy efficiency to
improve reserve margin
Security of
supply
Eskom Holdings Limited Reg. No. 2002/015527/06

13. Targeted reductions to ensure we live within our means
Targeted reductions for 2009/10
Targeted reductions to ensure we live within our means
Eskom Holdings Limited Reg. No. 2002/015527/06

14. Eskom Holdings Limited Reg. No. 2002/015527/06
Highlights for the year 1
Challenges requiring ongoing focus 2
Business Results for 2008/9 3
Outlook for 2009/10 4
Building for the future 5
Conclusion 6
Eskom Holdings Limited Reg. No. 2002/015527/06

15. Eskom Holdings Limited Reg. No. 2002/015527/06
Building for the future
History
Role of Eskom in SA context
Capital expansion programme
Climate change
Independent power producers
Eskom Holdings Limited Reg. No. 2002/015527/06

16. History

17. Back to the future Dr Hendrik Johannes van der Bijl,
Eskom Holdings Limited Reg. No. 2002/015527/06

18. Eskom Holdings Limited Reg. No. 2002/015527/06
History
Electricity Act of 1922
Eskom established March 1923
Electricity Act of 1958
Capital Development Fund in 1972
70’s to early 80’s the major build programme
Excess capacity until 2005
White Paper of 1998
Eskom Holdings Limited Reg. No. 2002/015527/06