Origin Energy Not for Distribution or release in the United States of ...

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The acquisition will be funded through new debt facilities which areexpected to be partly refinanced with a pro-rata equity offering to beconducted within 12 months …• The acquisition is currently scheduled for completion on 1 March 2011• The acquisition is fully financed via underwritten debt facilities 1– $2.2 billion 1 to 2 year bridge facility to be refinanced via equity and long termdebt– $1.1 billion 3 to 5 year fully underwritten bank facility to be syndicated in early2011• Following the transaction Origin is expected to have cash and committed undrawndebt facilities in excess of $2 billion• A pro-rata equity offering is expected to be conducted within 12 months with thesize and structure of the offering to be determined• After the equity raising it is expected that Origin’s credit ratings will be reaffirmedas BBB+ by S&P and Baa1 by Moody’s… providing Origin with the financial flexibility to pursue additionalgrowth projects8(1) Excludes $198 million of deferred consideration not expected to be payable on completion
2) Integral Energy and Country EnergyRetail Businesses
Page 1 and 2: Sydney15 December 2010Origin Energy
Page 3 and 4: Outline1) Transaction Overview2) In
Page 5 and 6: Through the NSW Government’s Ener
Page 7: The Integral Energy and Country Ene
Page 11 and 12: Integral Energy holds NSW’s secon
Page 13 and 14: IPART’s determination of regulate
Page 15 and 16: 3) Eraring GenTrader Arrangements
Page 17 and 18: Eraring Power Station has proven to
Page 19 and 20: The Eraring GenTrader arrangements
Page 21 and 22: The payment structure for the GenTr
Page 23 and 24: The Cobbora coal resource is expect
Page 25 and 26: The National Electricity Market was
Page 27 and 28: The acquisition of the Integral Ene
Page 29 and 30: Due to allowances for plant age and
Page 31 and 32: MW18,00013,5009,0004,500-MW18,00031
Page 33 and 34: Origin has a higher proportion of g
Page 35 and 36: 5) Appendix
Page 37: Acquisition of Integral Energy Reta

Origin Energy Not for Distribution or release in the United States of ...

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