2012 Half Year Results Media Presentation - Origin Energy

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Energy Markets delivered strong earnings growth from the NSW acquisition Performance Metrics, $m (% change from Dec 10) Natural Gas Electricity Noncommodity Revenue 1 624 (+2%) 3,827 (+78%) 136 (-36%) 350 (+5%) Gross Profit 126 (+20%) 930 (+68%) 18 (-42%) 94 (+5%) Underlying EBITDA 820 (+52%) Underlying EBIT 697 (+53%) Underlying EBIT/Sales % 14.1% (13.8% in Dec 10) Volumes (sold) 68 PJ (-7%) 22 TWh (+57%) 245 kt (-1%) n.a. Customer accounts („000) 2 950 (+3%) 3,075 (-4%) 355 (-3%) Gross Profit per customer ($) 267 (+1%) 265 (+5%) Cost to Serve 3 per customer ($) (70) (-1%) LPG Earnings uplift from NSW acquisition Cost to Serve maintained Underlying EBITDA per customer ($) 197 (+2%) 80 (-15%) Underlying EBIT per customer ($) 169 (+1%) 43 (-28%) 22 | Effective portfolio management led to steady margins broadly in line with the prior half year‟s strong performance (1) Energy Markets earns pool revenue and revenue from the sale of gas swaps. These revenues are netted off with the associated costs within the wholesale energy costs line of Electricity COGS and the associated cost in Natural Gas COGS respectively (2) Customer account movement since 30 June 2011 (3) Cost to serve includes the benefit associated with the unwind of the Transitional Service Agreements entered into as part of the NSW Acquisition ($49m)
Base Load/ Interm. Externally A diverse generation portfolio and high reliability levels delivered a competitive cost of energy Contracted Wind Peaking Eraring Darling Downs Ladbroke Grove Quarantine Roma Uranquinty Shoalhaven Mt Stuart Cullerin Range Worsley Osborne Bulwer Island 0% 20% 40% 60% 80% 100% Equivalent Reliability Factor (ERF) Capacity Factor • Eraring Power Station ERF was 86% due to fire in transformer of Unit 2 • First of two Mortlake units available for dispatch in January 2012 - Completion of second unit expected in second half of FY2012 • Origin has a portfolio of gas fired and wind developments providing future optionality Option to run generation harder 23 |
Page 1 and 2: 2012 Half Year Results Media Presen
Page 3 and 4: Outline 1. Performance Highlights G
Page 5 and 6: During the half Origin has made sub
Page 7 and 8: A$ 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 and 14: $ million Underlying EBITDA up 41%
Page 15 and 16: Origin has raised additional capita
Page 17 and 18: cents per share FY2001 FY2002 FY200
Page 19 and 20: Energy Markets ‣ Underlying EBITD
Page 21: Capacity (MW) Capacity (MW) Capacit
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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