quarter business capital and three key Andrés. you, performance will Thank plan. cover during second topics, model, resilient our Today, the allocation our I our
XX. start me on business Let resilient model our slide with
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compared ago. XX, few are XX% years earnings XX% of approximately see today As can dollars, on U.S. our side to you in as a
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slide financial global Moving impact on the XX. to of results on lockdowns our on
an recall, anticipated XX% dropped in other Utility anticipated, our of assumed range and across low-single XX% had drop mid-single the Utilities between U-shaped be internationally. result to quarter and volume with extended as declining This demand a with about digits as demand digits. demand actual at U.S. businesses, U.S. our the As would to and recovery at second markets low-double we hardest in XX% our X% digits in you markets. the managed may severe was The not hit
As noted, impact any earnings not businesses, Generation our demand. material I from on experience we have did lower
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Now EPS Argentina turning to DPL quarter our This Adjusted for demand that the regulated in reflects quarterly $X.XX our implemented changes in were was results $X.XX discussed XX. the lower utilities and as at last slide regulatory XXXX. on year. at versus the
these Eurasia from through to our headwinds cost and higher well as able offset are initiatives. contributions as America SBUs, South We deleveraging and our savings
rate the In reversion Utilities XX. more or lower Turning due to the a detail for million to XXXX. four to impact at I lower the XXXX reflects next regulated the contribution SBUs Utilities second the quarter to implemented only in pre-tax beginning of slides QX Adjusted $XXX quarter, XX. was PTC million well our Gener tariff slide cover decrease in U.S. the at will lower and slide DPL, results versus with the as the COVID-XX. AES $X of as demand due PTC over at relatively of on flat
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loss the Finally in and high business improved of performance Vietnam Kingdom. making of operational impact results the reflect in our in United the sale Eurasia,
versus summarize our adjusted XX of first the of year, the slide $X.XX we to to year. half performance earned Now last in EPS $X.XX
the contributions X.X-gigawatt of We are XX-year the for XXXX online. coming XXXX, new half including our and our range guidance which of began second from reaffirming X-gigawatt renewables performance the the about of the year Southland businesses, quarter Relative to second $X.XX. $X.XX the adjusted of benefit in for to half EPS Repowering will first project in contract
credit turning XX. profile to our Now slide on
discussed XX%. by XXXX the we since our end billion parent quarter, debt flow on strength $X call, investment At rating cash X and parent quarter As approximately to free was in our the of the second leverage reduced our our parent and we within grade year. first debt confidence our second X.X or credit about ratio thresholds this later was highlights attaining XX%, investment XX%, respectively. times comfortably and our once us grade more This give times of
slide XX. Moving on to liquidity on
billion two-thirds which of cash. is $X.X available liquidity, have We in in
of approach revolvers. taken of As we the the call, may recall to in outbreak $XXX our our drawing million you beginning a COVID-XX had by conservative enhance at from liquidity our prior about
the decided businesses. overall expense back experienced of for As a facility, we of in most collection lowering this we quarter, the pay our the result to strong interest
I would on like slide XX. provide an update to on refinancing our Next,
AES As profile. In of we more refinanced costs, years. been while rate debt last our five significantly both you second more eliminating any than taking quarter mature our know, the billion Corp. executed for next by the interest we environment, needs proactively across of strengthening alone, we liability Since low $X our debt, management portfolio. have a billion maturity refinancing DPL advantage interest in and than reducing year, at $X
capital allocation X. parent XXXX slide to Now on
We of this our is year, discretionary previous with disclosure. largely expected $X.X cash billion which consistent
half coal of for target announced sales, asset sell roughly our generation, of agreement Regarding achieving already have XXXX. to X-gigawatt we
are working feel of achieving million a prospect our We targeted good the of asset year. this $XXX other few and transactions about sales on for
actions in to in XX% million is to at return subsidiaries, our our Moving our million we XXXX. These in investments side, announced the investment the portion to which uses the to $XXX proactive from December, the including funding the plan on invest to the dividend U.S. We of Repowering coming grow we our right-hand $XXX Southland shareholders demonstrating expected includes, growth the this X% to earnings increase and of backlog, equity the in for half by about rate-based utilities. U.S., renewables year.
to assets are negotiations delink of AES coal mentioned, Gener, Andrés as of PPAs we the monetize storing Regarding agreement. some its in the and from value the
This in of million to us equity we result, to with our expect in to the a happen As in now XXXX. up capital increase $XXX contribution allocated XXXX. leaves be
our Next, on beginning moving XX. from slide capital XXXX allocation XXXX through to
free We cash. the is our in sale continue coming generate to portfolio to asset be proceeds. expect million billion to remaining from $X.X expected discretionary this with flow, parent Three quarters $XXX generated cash from of
the the X% will dividends. discretionary the Board, to the allocated line shareholder average. continue by XX, of roughly dividend to expect with in increase we one-third cash per by uses Subject on to to Turning to to year, industry be X% the annual review slide
partial at the Once will are crisis. contribute million infrastructure beyond. in project to $X.X expected new also IPL, In are $X.X despite in investments and also backlog, very This performance global We $XXX solid the the middle Vietnam T&D LNG AES financial project PPAs, by billion completed, growth summary, the an to invest our P&L. in to of use Gener. through funding our includes investment XXXX investment today, in encouraged projected billion our this our being we the of unprecedented and
our materially delivering we confident validate the resilience the call Andrés. our to the financial I very turn over With position taken continue years and will strategic model and back and on performance have our Our last improve in objectives. ability actions over several business the remain to we to of quality that, and
