2012 Half Year Results Media Presentation - Origin Energy

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Contact is one of New Zealand‟s leading energy companies, supplying gas, electricity and LPG products across the country Generation Portfolio • 290 MW geothermal generation • 752 MW hydro generation • 1,176 MW gas generation • Over 2,000 MW in generation development opportunities <strong>Energy</strong> Retailer • 443,000 electricity customers • 60,000 gas customers • 60,200 LPG customers 1 42 | (1) Including franchises
Increased portfolio flexibility and improved wholesale prices were offset by an unfavourable fuel mix and retail competition Balance sheet gearing level remains strong • Successful NZ$200m capital bond issue • Issue tapped NZ retail market demand for higher yield securities • Export credit financing (NZ$105m) provides 15 year amortising funding at competitive rates, further diversifying funding mix Solid operational progress under challenging market conditions • Wholesale market prices responded to belowaverage hydro storage levels • Ahuroa Gas Storage and lower contract volumes eliminated direct gas take-or-pay costs • Low hydro inflows delivered unfavourable fuel cost mix • Operating costs increased with particular increases in SAP licence and support costs and insurance • Pricing offers positively impacted customer numbers; mass market margins consequently compressed. Time-of-Use sales continues to gain • Increase in mass market tariffs absorbed by “OLOT” (Online On Time) discount, and increases in network and operating costs 43 |
Page 1 and 2: 2012 Half Year Results Media Presen
Page 3 and 4: Outline 1. Performance Highlights G
Page 5 and 6: During the half Origin has made sub
Page 7 and 8: A$ 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 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 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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