Preliminary Results ffor th the year ended d d 31 December 2012
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Centrica shares or other securities. This presentation contains certain forward-looking statements…
Sir Roger Carr Chairman
Nick Luff Group Finance Director
Langage Commodity prices and spreads Average month ahead Clean dark oil and gas prices and spark spreads 25 112 Oil 20 Clean Dark Spread (/MWh) 110 ((/barrel)) 15 NBP Gas 10 (p/therm) Clean Spark Spread 58 58 5 (/MWh) 0…
Langage Operating profit analysis Year ended 31 December (m) 2012 2011 British Gas 1,093 1,005 Centrica Energy 1,230 1,023 Centrica Storage 89 75 Direct Energy 331 312 Adjusted operating profit 2,743 2,415 Share of JV /…
Operating profit analysis Year ended 31 December (m) 2012 2011 British Gas 1,093 1,005 Centrica Energy 1,230 1,023 Centrica Storage 89 75 Direct Energy 331 312 Adjusted operating profit 2,743 2,415 Above figures include share…
British Gas - operating profit & key drivers Operating profit Year ended 31 December (m) 2012 2011 Residential energy 606 544 R id ti l services Residential i 312 269 Business 175 192 British Gas 1,093 1,005 Residential energy…
F3-FA Operating profit analysis Year ended 31 December (m) 2012 2011 British Gas 1,093 1,005 Centrica Energy 1,230 1,023 Centrica Storage 89 75 Direct Energy 331 312 Adj t d operating Adjusted ti profit fit 2,743 2,415…
Centrica Energy - operating profit & key drivers Operating profit Year ended 31 December (m) 2012 2011 Gas 919 769 P Power 311 254 Centrica Energy 1,230 1,023 Gas & oilil production G d ti Power generation P ti (TWh) /…
Easington Operating profit analysis Year ended 31 December (m) 2012 2011 British Gas 1,093 1,005 Centrica Energy 1,230 1,023 Centrica Storage 89 75 Direct Energy 331 312 Adjusted operating profit 2 743 2,743 2 415 2,415…
Operating profit analysis Year ended 31 December (m) 2012 2011 British Gas 1,093 1,005 Centrica Energy 1,230 1,023 Centrica Storage 89 75 Direct Energy 331 312 Adjusted operating profit 2 743 2,743 2 415 2,415 Above figures…
Direct Energy - operating profit & key drivers Operating profit Year ended 31 December (m) 2012 2011 Residential energy 156 161 Business energy 129 110 Services 33 28 Upstream & Wholesale 13 13 Direct Energy 331 312 Upstream and…
Lynn & Inner Dowsing Cash flow 1 Period ended 31 December (m) 2012 2011 Opening net debt (3,292) (3,195) EBITDA 3,650 3,128 Working capital movements (51) 165 Margin calls 114 (26) Interest and tax ( (696) ) (862) Net capex…
Hummingbird Capex and acquisitions 3 Period ended 31 December (m) 2012 2011 2013e Centrica Energy gas and oil 841 613 1,000 Centrica Energy power1 314 300 150 Direct Energy 115 70 100 Centrica Storage 37 59 50 British Gas 161…
Summary and outlook Full year earnings growth BGR profit up following cooler weather in 2012 BGS profit up 16% in a difficult economic environment Higher Centrica Energy profit higher gas and liquids production volumes strong…
Sam Laidlaw Chief Executive
2012 performance summary Further earnings and dividend growth 2.7bn invested, organically and through acquisition Strong British Gas performance in a challenging environment Benefiting B fiti ffrom enhanced h d scale l and d di…
Helping our customers in difficult times Making energy choices simple and transparent new bill design and simplified tariff structure High levels of customer service higher Net Promoter Score top 5 star rating i from f C Consumer…
Remote Heating Control App Leadership and innovation Leading online platform around a third of customer base registered online Leadership in innovation launched Remote Heating Control product Leadership in energy efficiency…
Kvitebjrn Securing sustainable energy supplies Helping secure supplies for the UK gas and liquids production up 18% increased CEU 2P reserves by 28% Further progress in gas and oil development first fi gas from f three h…
Lynn & Inner Dowsing More balanced upstream business Step change in upstream scale and geographic diversity reduced reliance on Morecambe increased scale in Norway Options for further investment in power for value seeking ki…
Growth in North America Good profit growth in low commodity price environment Benefiting from scale and synergies in DER despite Ontario regulatory issues Energetix and NYSEG Solutions acquisition Ontario O t i costt b base halved…
A stronger North American business DEB electricity DER customers sales volumes TWh 2.1m Successful bolt-on acquisition strategy 1.2m 51 downstream, integrating customers and US delivering cost efficiencies 1.8m 33 1.3m Canada…
Focusing on health and safety Strong personal safety performance Lost time injury frequency rate per 100,000 hours worked lost time injury rate down 20% total recordable injury rate down 14% 0.49 0.41 Continued improvements in road…
Progress against previous strategic priorities Strategy delivery over past 3 years 9 Stable BGR profit and market share Grow British Gas 9 Simpler, clearer bills 9 High customer retention 9 BGS pprofit upp 34% 9 Launched BGB…
Progress against previous strategic priorities Strategy delivery over past 3 years Deliver value from Gas & oil our growing upstream business 9 2P reserves up 50%, production up 50% 9 Cash from operations doubled 9 53% exploration…
Progress against previous strategic priorities Strategy delivery over past 3 years Build an integrated 9 DE operating profit up 55% North American business 9 US downstream operating profit up 72% 9 US customer numbers up 75% 9 DE…
Progress against previous strategic priorities Strategy delivery over past 3 years Drive superior 9 Pro-forma EBITDA up to 4.0bn from 2.6bn fi financial i l returns 9 Strong balance sheet 9 EPS up 25% 9 DPS upp 28% 9 TSR 36%…
Our strategic priorities 1. Innovate t drive to d i growth th and d service i excellence ll 2. Integrate our natural t l gas business, b i lilinked k d tto our core markets k t 3. Increase our returns through efficiency…
Summary Strong performance in 2012 Enhanced scale, geographic diversity and capabilities Strong cash generation and strong balance sheet New strategic priorities, building on our core competencies 32
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