2012 Half Year Results Media Presentation - Origin Energy

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Australia Pacific LNG ‣ Underlying EBITDA down 50% to $16 million ‣ FID on LNG Train 1 and infrastructure to support Train 2 taken in July 2011 ‣ Origin equity share in APLNG JV reduced from 50% to 42.5% ‣ Binding agreements signed with Kansai and Sinopec for Train 2 LNG sales ‣ Sinopec to take additional 10% interest in APLNG 1 ; Origin‟s share will reduce to 37.5% ‣ Project remains on track with FID 2 expected by mid 2012 ($m) 40 Underlying EBITDA Total Assets less Segment Liabilities ($b) 8 30 32 32 32 5.7 6 5.2 5.7 20 4 16 16 16 10 2 0 0 Dec 10 Dec 11 Dec 10 Dec 11 Lower sales revenue Higher operating costs Dilution of Origin‟s interest from 50% to 42.5% 32 | (1) Binding and conditional on Australian and Chinese Government approvals and a Final Investment Decision on Train 2
Origin, as part of the APLNG joint venture, is developing one of Australia‟s largest CSG to LNG projects Compelling Project • Leverages strong growth in Asia • Oil-linked revenues • Strong and aligned joint venture • Large, quality reserves base • Successful history of working sustainably with communities • Extensive experience in CSG and LNG development Robust First Phase Economics, with Additional Train 2 Benefits • Train 1 economics underpinned by high quality, low cost CSG reserves base • Attractive returns in its own right • Train 2 benefits from economies of scale 33 |
Page 1 and 2: 2012 Half Year Results Media Presen
Page 3 and 4: Outline 1. Performance Highlights G
Page 5 and 6: During the half Origin has made sub
Page 7 and 8: A$ 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 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 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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