2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
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$ million<br />
Statutory Profit of $794 million, up $930 million from a loss of<br />
$136 million<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
-<br />
-200<br />
(136)<br />
Dec 10<br />
Statutory<br />
Loss<br />
440<br />
Items<br />
excluded<br />
from<br />
Underlying<br />
Profit<br />
<strong>Origin</strong> Underlying Profit Movement - Dec 10 to Dec 2011<br />
304<br />
Dec 10<br />
Underlying<br />
Profit<br />
41% 15% 91%<br />
339<br />
Underlying<br />
EBITDA<br />
(43)<br />
D&A<br />
and<br />
1<br />
ITDA<br />
(40)<br />
Net<br />
financing<br />
costs<br />
47%<br />
(73)<br />
Tax<br />
Expense<br />
6%<br />
2<br />
Noncontrolling<br />
interests<br />
61%<br />
489<br />
Dec 11<br />
Underlying<br />
Profit<br />
na<br />
305<br />
Items<br />
excluded<br />
from<br />
Underlying<br />
Profit<br />
na<br />
794<br />
Dec 11<br />
Statutory<br />
Profit<br />
Underlying Profit increased 61%, reflecting higher Underlying EBITDA due to contributions from the NSW<br />
energy assets and lower exploration expense in the Exploration & Production segment, offset by:<br />
• Higher depreciation and amortisation charges (up $45m to $305m) primarily due to NSW acquisition<br />
and Contact‟s Stratford Peaker and Ahuroa developments. ITDA 1 lower by $2m<br />
• Higher net financing costs (up $40m to $84m) reflecting debt financing for NSW acquisition and<br />
capital expenditure<br />
• Higher Underlying Tax Expense (up $73m to $227m) in line with increased profits<br />
Underlying Profit of $489 million, up by $185 million or 61%<br />
10 |<br />
(1) Share of interest, tax, depreciation and amortisation of equity accounted investees
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