2012 Half Year Results Media Presentation - Origin Energy

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$ million During the half year Origin spent $764 million on growth capital, and contributed $173 million to APLNG Growth Capital and APLNG Expenditure by Segment (includes capitalised interest) 1,000 900 800 700 600 500 400 300 200 100 0 937 846 Dec 10 Dec 11 Energy Markets Exploration & Production Contact Corporate APLNG • Growth capital expenditure 1 , excluding APLNG contribution, down 10% on prior half year • Key areas of capital expenditure include: - Mortlake Power Station ($96m) - Eraring Power Station ($92m) - Retail Transformation ($46m) - Ironbark ($52m) - BassGas ($37m) - Otway ($35m) - Contact‟s Te Mihi geothermal development ($93m) • Total capital expenditure within APLNG $2.5b - Origin‟s cash contribution $173m 14 | (1) Including capitalised interest of $89 million (Dec 10: $74 million)
Origin has raised additional capital to further strengthen its balance sheet, improve liquidity and diversify its funding sources Funding Diversity at 31 December 2011 Funding Diversity at 30 Jun June 2010 1 2010 ($5.6b) Dec 2011 2 ($9.5b) Funding Diversity at 31 December 5% 7% 2011 4% 15% 26% 10% 5% 7% 26% 55% Bank Facilities - Domestic Bank Facilities European - Domestic Hybrid Issue European Hybrid Issue US Private Placement Senior Unsecured Notes - US Issue US Private Placement Senior Unsecured Notes - US Issue 7% 10% 7% 45% 45% 26% Bank Facilities - International Bank Australian Facilities Retail -Notes International Australian Medium Term Retail Notes Notes Medium Term Notes • Given facilities Origin has in place, there is no intention to raise additional equity for APLNG Train 1 and other committed projects • Future funding choices, including additional equity, will be dependent on: • Timing of APLNG Train 2 decision • Final equity share in APLNG • The quantum and cost of project finance for APLNG • Consideration of credit metrics • Other business activity Given the success of recent funding initiatives and current committed obligations, the underwritten DRP will not be exercised and the DRP discount will be zero for the December 2011 half year dividend 15 | (1) As at 30 June 2010; excludes Contact (2) As at 31 December 2011; excludes Contact
Page 1 and 2: 2012 Half Year Results Media Presen
Page 3 and 4: Outline 1. Performance Highlights G
Page 5 and 6: During the half Origin has made sub
Page 7 and 8: A$ million FY2012 FY2013 FY2014 FY2
Page 9 and 10: 2012 Half Year Financial Highlights
Page 11 and 12: OCAT decreased, with the increase i
Page 13: $ million Underlying EBITDA up 41%
Page 17 and 18: cents per share FY2001 FY2002 FY200
Page 19 and 20: Energy Markets ‣ Underlying EBITD
Page 21 and 22: Capacity (MW) Capacity (MW) Capacit
Page 23: Base Load/ Interm. Externally A div
Page 26 and 27: Origin continues to develop its new
Page 28 and 29: Notwithstanding planned shutdowns a
Page 30 and 31: Asset reliability is currently bein
Page 32 and 33: Australia Pacific LNG ‣ Underlyin
Page 34 and 35: APLNG‟s CSG to LNG project is und
Page 36 and 37: Upstream activities are ramping up
Page 38 and 39: Curtis Island site preparations are
Page 40 and 41: APLNG 100% capital expenditure for
Page 42 and 43: Contact is one of New Zealand‟s l
Page 44 and 45: Increased portfolio diversity and f
Page 46 and 47: Building on its domestic success, O
Page 48 and 49: Based on prevailing market conditio
Page 50: Thank you Further Information Lina

2012 Half Year Results Media Presentation - Origin Energy

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