Balance Sheet Strength Provides Opportunities to ... - Origin Energy

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Origin has been able to increase its energy retailing margins through building scale and effectively managing tariffs, churn, cost to serve and risk… • With around 3 million customers, Origin is able to achieve significant scale advantages • Origin has worked with governments on tariff regulation and managed the implementation of tariff paths in each of its key markets • Victoria no longer has a maximum tariff regime and other states are expected to follow its lead in the future • Integrated strategy and risk management processes have effectively managed the company’s exposure to the volatile wholesale gas and electricity markets 36 Source: Origin Note: From 2006 onwards figures exclude changes in fair value of financial instruments and Sun Retail one-off integration costs. … with Retail margins for the full financial year to June 09 expected to be in line with last year
Even after higher wholesale prices moderated churn rates from their peaks in 2007, churn still remains high in most segments… December 2008 Origin Customer Numbers (1) (000’s) Natural Gas Electricity Total Jun 2008 880 1,729 2,609 Change -2 +7 +4 Dec 2008 878 1,735 2,613 Source: Various websites including VENCorp, NEMMCO, Gasmarketco & Company Information … with Origin acquiring over 238,000 customers to maintain current levels over the last 6 months 37 (1) Based on the adjusted customer number opening balance. Refer to Half-Year Results announcement for further details.
Page 1 and 2: Balance Sheet Strength Provides Opp
Page 3 and 4: Outline • Company Strategy • St
Page 5 and 6: Origin operates in the domestic ene
Page 7 and 8: Effective implementation of this st
Page 9 and 10: As the operating and economic envir
Page 11 and 12: As a result of this transaction, Or
Page 13 and 14: Strategy Implementation
Page 15 and 16: Developing gas reserves close to ma
Page 17 and 18: Liquids production from the mature
Page 19 and 20: APLNG continues strong growth in CS
Page 21 and 22: With the next phase of APLNG’s CS
Page 23 and 24: Notwithstanding the review of explo
Page 25 and 26: Generation
Page 27 and 28: Origin’s Electricity Generation P
Page 29 and 30: Origin is doubling the capacity of
Page 31 and 32: Darling Downs Power Station is prog
Page 33 and 34: HY2009: EBITDAF was lower primarily
Page 35: Origin is a leading wholesaler and
Page 39 and 40: HY2009: EBITDAF grew by $99 million
Page 41 and 42: Contact is New Zealand’s leading
Page 43 and 44: Contact has implemented a number of
Page 45 and 46: Outlook
Page 47 and 48: 47 Origin will continue to progress
Page 49 and 50: Balance Sheet Strength Provides Opp
Page 51 and 52: Appendix
Page 53 and 54: Profit & Loss - Underlying ($ milli
Page 55 and 56: A review of the carrying value of a
Page 57 and 58: APLNG Balance Sheet ($ billion) Dec
Page 59 and 60: APLNG transaction has transformed O
Page 61 and 62: EBITDAF of $686m is up 12% primaril
Page 63 and 64: 63 Interest ($ million) Dec 08 Dec
Page 65 and 66: Capital Expenditure ($ million) Sta
Page 67: Segment Cash Flow & Cash Flow Retur

Balance Sheet Strength Provides Opportunities to ... - Origin Energy

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