Commodity prices and spreads Average month ahead UK power prices and clean dark gas and oil prices and spark spreads 140 60 Oil (/boe) 120 50 100 40 UK Power (/MWh) 80 UK Gas (p/therm) 30 Clean Dark Spread (/MWh) 60 20 40 US Gas…
Financial headlines Period ended 30 June 2014 2013 Revenue (m) 15,748 13,651 Adjusted operating profit (m) 1,032 1,583 Adjusted effective tax rate 37% 47% Group result: Adjusted earnings (m) 530 767 Adjusted earnings per share…
Operating profit analysis Period ended 30 June (m) 2014 2013 British Gas 455 569 Direct Energy 41 165 Centrica Energy 526 802 Centrica Storage 10 47 Adjusted operating profit 1,032 1,583 Share of JV / associates interest and…
British Gas Period ended 30 June (m) 2014 2013 British Gas 455 569 Direct Energy 41 165 Centrica Energy 526 802 Centrica Storage 10 47 Adjusted operating profit 1,032 1,583 Above figures include share of joint ventures and…
British Gas Operating profit (m) Residential energy revenue (m) and post tax margin (%) Period ended 30 June 2014 2013 Residential energy 265 356 5,486 Residential services 129 135 4,551 Business 61 78 Operating profit before tax…
Direct Energy Period ended 30 June (m) 2014 2013 British Gas 455 569 Direct Energy 41 165 Centrica Energy 526 802 Centrica Storage 10 47 Adjusted operating profit 1,032 1,583 Above figures include share of joint ventures and…
Direct Energy Operating profit/(loss) (USm) Residential energy revenue Period ended 30 June 2014 2013 (m) and post-tax underlying margin (%) Residential energy (underlying) 135 154 Business energy (underlying) 21 82 Services 23 19…
Centrica Energy Period ended 30 June (m) 2014 2013 British Gas 455 569 Direct Energy 41 165 Centrica Energy 526 802 Centrica Storage 10 47 Adjusted operating profit 1,032 1,583 Above figures include share of joint ventures and…
International gas Gas & oil production volumes Operating profit (m) Gas (mmth) Liquids (mmboe) Period ended 30 June 2014 2013 1,945 1,696 Operating profit before tax 465 683 Americas Operating profit after tax 235 182 Europe 9.8…
UK power Operating profit/(loss) (m) Power generation (TWh) Period ended 30 June 2014 2013 0.3 0.5 Gas-fired (70) (64) Renewables (operating assets) 23 12 4.5 4.1 Renewables (one-off write-offs, profit on disposal) (40) 24…
Centrica Storage Period ended 30 June (m) 2014 2013 British Gas 455 569 Direct Energy 41 165 Centrica Energy 526 802 Centrica Storage 10 47 Adjusted operating profit 1,032 1,583 Storage revenue () Forward price spreads (p/therm)…
Cash flow Period ended 30 June (m) H1 2014 H1 2013 FY 2013 Opening net debt (5,049) (4,047) (4,047) EBITDA 1,501 2,112 3,799 Working capital movements 161 (112) 237 Margin calls (127) (2) 82 Interest (111) (105) (219) Tax (413)…
Capex and acquisitions 4 Period ended 30 June (m) H1 2014 H1 2013 FY 2014e Centrica Energy gas and oil 556 495 1,000 1 Centrica Energy power 37 53 50 British Gas 78 80 150 Centrica Storage 13 27 25 Direct Energy 46 28 100 Other…
Focus on maintaining a strong balance sheet Maintaining appropriate financial discipline a core priority, to enable capital to be deployed where we see attractive opportunities Non-core asset disposals expected to realise around 1…
Summary and outlook H1 EPS of 10.5p, down 29% reflecting warm weather in the UK, the Polar Vortex in North America, low seasonal gas storage spreads and write down of our Round 3 offshore wind investment 2014 full year earnings…
Sam Laidlaw Chief Executive
Clear management purpose, positioned for growt Business strengthened as a result of previous investments Customers at the heart of our business within vertically integrated model energy and services, with leadership in innovation and…
Continued stakeholder engagement Average British Gas dual fuel bill over the last five years Energy policy remains a key issue for the UK; 1,253 50 1,162 retail energy bills a real concern for -4 40 1,032 customers 54 +6 +4…
Lowest-cost, least regret options for the UK On the current trajectory, meeting the UKs long term carbon reduction target could add 150bn to energy costs by 2030 Alternative choices could achieve the same target at around a third…
Well balanced and more resilient business 90 mboe/d production 60 mboe/d production 278mmboe 2P reserves 232mmboe 2P reserves 157mmboe 2C resources 95mmboe 2C resources 65 mboe/d production 210mmboe 2P reserves Bord Gis Energy…
British Gas: Focus on service, efficiency, innovation and growth Business well placed, benefiting from previous investment in systems, enabling better service and operational efficiencies Clear strategy in place focused on three…
British Gas: Focus on service, efficiency, innovation and growth Clear priorities for the second half of 2014 return the business to customer account growth targeting industry leading service levels and a reduction in complaints…
Direct Energy: Focus on customer value, service and choice An established large-scale business in North America, Direct Energy Business total volume providing a platform for further growth in energy supply TWh 150 500 bcf and…
Direct Energy: Focus on customer value, service and choice Clear priorities for the second half of 2014 further improvement in DEB sales margins complete integration of Hess Energy Marketing acquisition drive additional growth…
Centrica Energy: Securing energy supplies for our customers A larger scale, more geographically diverse upstream gas and oil business with a balanced power portfolio Good progress in first half of 2014 solid performance from core…
Centrica Energy: Securing energy supplies for our customers Clear priorities for the second half of 2014, in a lower wholesale price environment deliver total gas and oil production of c83mmboe targeting flat E&P unit lifting and…
Summary Good strategic progress in first half of 2014, in challenging market conditions Clear priorities for second half of 2014, to drive performance Balanced and resilient business, strengthened by previous investments Distinctive…
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