Annual General Meeting 2011 Overview May 11 2012 Good performance during a period of unprecedented world events Fukushima and Arab Spring Economic weakness & Eurozone debt crisis Regulatory uncertainty and high UK upstream tax…
Annual General Meeting 2011 Performance review May 11 2012 Operating profit of 2.4bn Earnings up 3%; Earnings per share of 25.8p Total tax charge of 891m; 40% effective tax rate Full year dividend up 8% to 15.4p/share 4
Annual General Meeting Cash Distribution May 11 2012 3.3bn free cash flow in 2011 1.3bn net profit 1.5bn organic investment programme 25% of cash flow to taxation 20% dividend growth over 2 years 5
Annual General Meeting 2012 Challenges May 11 2012 Securing the right framework for investment Building on North Sea acquisitions Working through retail market reforms Building trust in the sector 6
Annual General Meeting Summary May 11 2012 Good performance in challenging market conditions Delivering investment for growth Delivering for our customers Delivering for our shareholders 7
Sam Laidlaw Chief Executive
Annual General Meeting Health, Safety & Environment May 11 2012 Safety remains our first priority LTI rate down 42% to 0.25 per 100k hours worked Emissions down 28% to 7.9 million tonnes of CO2 Stronger customer and process…
Annual General Meeting Strategic priorities unchanged May 11 2012 1 Grow British Gas 2 Deliver value from our growing upstream business 3 Build an integrated North American business 4 Drive superior financial returns 10
Annual General Meeting 1 Grow British Gas May 11 2012 Improved delivery for customers 4 star rating from Consumer focus First to reduce prices in 2012 Services growth Further progress in new markets 11
Annual General Meeting 1 Grow British Gas May 11 2012 Building trust with customers tariffs simplified clearer bills price comparison table Reducing cost base 500m programme Sharpens competitive position and enables…
Annual General 2 Deliver value from our growing upstream Meeting May 11 2012 business Strong asset performance Deploying distinctive capabilities North Sea gas reserve additions First gas at Ensign Norwegian acquisitions…
Annual General 2 Deliver value from our growing upstream Meeting May 11 2012 business Significant investment required in the UK Gas development & storage Wind New nuclear Future investment decisions lie ahead Stable fiscal…
Annual General Meeting 3 Build an integrated North American business May 11 2012 Good progress towards doubling profit Increased scale in residential and business energy Building platform for growth in services Improved…
Annual General Meeting 4 Drive superior financial returns May 11 2012 Strong returns from existing assets Disciplined approach to investment Healthy balance sheet Balanced business model 16
Annual General Meeting Summary May 11 2012 Robust performance in challenging conditions Good progress against strategic priorities Centrica well positioned for further growth 17
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