2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
2012 Half Year Results Media Presentation - Origin Energy
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Based on prevailing market conditions, <strong>Origin</strong> confirms its<br />
FY<strong>2012</strong> guidance provided in August 2011<br />
• <strong>Origin</strong> provided FY<strong>2012</strong> guidance based on prevailing business conditions and following<br />
assumptions:<br />
- Full year contribution from NSW acquisition<br />
- Initial contribution from Mortlake Power Station<br />
- Lower levels of planned exploration expense versus prior year<br />
- Improved profitability due to increased flexibility of Contact‟s energy supply portfolio<br />
• Performance largely in line with expectations, with variations including:<br />
- Lower volumes in Australian energy markets from mild weather offset by strong<br />
performance of generation portfolio<br />
- Mortlake Power Station previously expected during first half; both units now expected to<br />
be fully operational by end of second half<br />
- Increased portfolio flexibility for Contact and improved New Zealand wholesale prices<br />
largely offset by low hydro generation volumes and high levels of retail competition<br />
Based on <strong>Origin</strong>’s current assessment of operations and prevailing market<br />
conditions, <strong>Origin</strong> anticipates Underlying EBITDA and Underlying Profit to<br />
increase by around 35 and 30 per cent respectively when compared with FY2011<br />
48 |
Change language