2012 Half Year Results Media Presentation - Origin Energy

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APLNG‟s CSG to LNG project is underpinned by a long history of production growth and a large, high quality reserves base PJ 120 30,000 100 80 25,000 60 20,000 40 30,000 20 25,000 0 20,000 15,000 10,000 15,000 10,000 5,000 5,000 - - Jan-Jun Jul-Dec Origin Share • APLNG production up 4% on the prior half year to 52 PJ • Production capacity from both operated and non-operated assets increased to 323 TJ/day • APLNG currently operates 335 producing wells; a further 48 development wells drilled but not producing Estimated Requirements estic Gas Origin Contract 3C 2C 3P 2P Ramp and Tail Gas Train 2 Train 1 QCLNG GSA Domestic Gas Origin Contract 3C 2C 3P 2P 34 | Ramp and Tail Gas Train 2 Train 1 QCLNG GSA Domestic Gas Origin Contract 3C 2C 3P 2P APLNG increased 2P reserves by 1,035 PJ to 12,810 PJ and 3P reserves have increased to 16,022 PJ Note: Some of APLNG’s CSG reserves and resources are subject to reversionary right. Refer to Origin’s Management Discussion & Analysis for the half year ended 31 December 2011 for further information
APLNG continues to make good progress against project milestones • FID 1 in July 2011 • Marketing agreements in place to underpin two trains – Train 1 - Sinopec (4.3 mtpa) 1 – Train 2 - Kansai (1.0 mtpa) 2 – Train 2 – Sinopec (3.3 mtpa) 2 • Sinopec to increase holding to 25% 3 • Major contracts awarded • Costs confirmed for key Train 2 contracts, including Bechtel EPC contract • Overall construction approximately 12% complete • On schedule and budget for Train 1 LNG mid-2015 (Train 2 early 2016) 35 | (1) Binding and unconditional (2) Binding and conditional on a Final Investment Decision on Train 2 (3) Binding and conditional on Australian and Chinese Government approvals and a Final Investment Decision on Train 2
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 32 and 33: Australia Pacific LNG ‣ Underlyin
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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