2012 Half Year Results Media Presentation - Origin Energy

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Based on prevailing market conditions, Origin confirms its FY2012 guidance provided in August 2011 • Origin provided FY2012 guidance based on prevailing business conditions and following assumptions: - Full year contribution from NSW acquisition - Initial contribution from Mortlake Power Station - Lower levels of planned exploration expense versus prior year - Improved profitability due to increased flexibility of Contact‟s energy supply portfolio • Performance largely in line with expectations, with variations including: - Lower volumes in Australian energy markets from mild weather offset by strong performance of generation portfolio - Mortlake Power Station previously expected during first half; both units now expected to be fully operational by end of second half - Increased portfolio flexibility for Contact and improved New Zealand wholesale prices largely offset by low hydro generation volumes and high levels of retail competition Based on Origin’s current assessment of operations and prevailing market conditions, Origin anticipates Underlying EBITDA and Underlying Profit to increase by around 35 and 30 per cent respectively when compared with FY2011 48 |
Origin continues to deepen the integration of its business … … which is delivering strong growth in earnings and a robust business in challenging markets … • Extensive fuel position • Large, flexible and diverse generation portfolio • Australia‟s leading energy retailer • Integration across the energy chain supports stability of margins … as well as an expectation for strong growth in the medium term … • Margin growth through Origin‟s legacy gas, coal and renewables positions due to imminent tightening of market supply/demand balances • Gas supply to third party CSG to LNG projects at export prices • Commencement of APLNG‟s project, offering exposure to rapidly growing Asian energy markets … and low-cost options for growth in the longer term • Gas development options on Australian east coast such as Ironbark and Halladale/Blackwatch • Unconventional reserves growth in Australia (Cooper, Surat/Bowen, Perth basins) • Exploration and development of geothermal resources in Chile and Indonesia • Assessment and development of hydro resources in PNG • Exploration for gas in New Zealand, Otway/Bass basins, South East Asia, Botswana and Kenya 49 |
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 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 50: Thank you Further Information Lina

2012 Half Year Results Media Presentation - Origin Energy

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