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Annual General Meeting 2015 – Origin Energy Ltd.

Origin Energy Ltd. · Oct 21, 2015 · 55 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Annual General Meeting 2015 – Origin Energy Ltd. – slide 1
    2015 ANNUAL GENERAL MEETING 21 October 2015
  2. Annual General Meeting 2015 – Origin Energy Ltd. – slide 2
    The Board John Akehurst Independent Non Non-executive executive Director 4
  3. Annual General Meeting 2015 – Origin Energy Ltd. – slide 3
    The Board Helen Nugent AO Independent Non Non-executive executive Director 5
  4. Annual General Meeting 2015 – Origin Energy Ltd. – slide 4
    The Board Steve Sargent Non executive Director Non-executive 6
  5. Annual General Meeting 2015 – Origin Energy Ltd. – slide 5
    The Board Maxine Brenner Independent Non Non-executive executive Director 7
  6. Annual General Meeting 2015 – Origin Energy Ltd. – slide 6
    The Board Grant King Managing Director 8
  7. Annual General Meeting 2015 – Origin Energy Ltd. – slide 7
    The Board Helen Hardy Company Secretary 9
  8. Annual General Meeting 2015 – Origin Energy Ltd. – slide 8
    The Board Scott Perkins Independent Non Non-executive executive Director 10
  9. Annual General Meeting 2015 – Origin Energy Ltd. – slide 9
    The Board Karen Moses Executive Director, Director Finance and Strategy 11
  10. Annual General Meeting 2015 – Origin Energy Ltd. – slide 10
    The Board Bruce Morgan Independent Non Non-executive executive Director 12
  11. Annual General Meeting 2015 – Origin Energy Ltd. – slide 11
    2015 ANNUAL GENERAL MEETING 21 October 2015 13
  12. Annual General Meeting 2015 – Origin Energy Ltd. – slide 12
    CHAIRMANS ADDRESS 14
  13. Annual General Meeting 2015 – Origin Energy Ltd. – slide 13
    Until recently, share price has tracked oil ... 120.00 110.00 100.00 90.00 80.00 70 00 70.00 60.00 50.00 40 00 40.00 Origin S&P ASX 100 A Brent 15
  14. Annual General Meeting 2015 – Origin Energy Ltd. – slide 14
    Commodities downturn has affected share prices of companies across our sector 120.00 110.00 100.00 90.00 80.00 70.00 60 00 60.00 50.00 40.00 30.00 20.00 Origin Company 1 Company 2 Company 3 Company 4 16
  15. Annual General Meeting 2015 – Origin Energy Ltd. – slide 15
    APLNG will be competitive even at very low oil prices1 45 US38-42 40 35 30 US23-25 US/boe1 25 20 15 10 5 0 Operating breakeven Distribution breakeven (1) APLNG is expected to have an operating breakeven of…
  16. Annual General Meeting 2015 – Origin Energy Ltd. – slide 16
    92% INSTITUTIONAL OFFER TAKE-UP TAKE UP VOTE OF CONFIDENCE IN ORIGINS FUNDAMENTALS 18
  17. Annual General Meeting 2015 – Origin Energy Ltd. – slide 17
    FIRST LNG PRODUCTION BY AUSTRALIA PACIFIC LNG NOW WEEKS AWAY 19
  18. Annual General Meeting 2015 – Origin Energy Ltd. – slide 18
    We aspire to be Number 1 in solar WE ASPIRE TO BE A LEADER IN SOLAR 20 20
  19. Annual General Meeting 2015 – Origin Energy Ltd. – slide 19
    Origin first energy company globally to make commitments aligned with all 7 We Mean Business Coalition climate change initiatives Our commitments are: Climate change reporting Responsible engagement on climate policy Adopting a…
  20. Annual General Meeting 2015 – Origin Energy Ltd. – slide 20
    MANAGING DIRECTORS ADDRESS 22
  21. Annual General Meeting 2015 – Origin Energy Ltd. – slide 21
    Origin has announced and begun to implement up to 6.9 billion of initiatives to strengthen the balance sheet Realised in Target in Target in Initiatives Cumulative Total FY2015 FY2016 FY2017 Previously announced initiatives June…
  22. Annual General Meeting 2015 – Origin Energy Ltd. – slide 22
    Our Energy Markets business Leading market share position Flexible and diverse 6,000 MW A growing solar business with 4.3 million customer generation portfolio accounts 24
  23. Annual General Meeting 2015 – Origin Energy Ltd. – slide 23
    Energy Markets mature and stable with strong surplus cash flows Energy Markets Segment Operating Cash Flow less Growth Capex EBIT / Sales Margin m 1 000 1,000 15% 800 10% 600 400 5% 200 0 0% FY2012 FY2013 FY2014…
  24. Annual General Meeting 2015 – Origin Energy Ltd. – slide 24
    Flexible and diverse fuel and generation portfolio supplies 4.3 million Electricity and Natural Gas customer accounts Resources Sales Th Thermal l Electricity El t i it - owned d Electricity FY2015 Renewable Electricity…
  25. Annual General Meeting 2015 – Origin Energy Ltd. – slide 25
    We are actively promoting the benefits of solar 27
  26. Annual General Meeting 2015 – Origin Energy Ltd. – slide 26
    Our Integrated Gas business 37.5% interest in Australias largest CSG to Our Exploration & Production business LNG project with 16,174 PJe of 3P reserves1 has 1,093 PJe of 2P reserves2 across most and 8.6 mtpa of LNG contracts with…
  27. Annual General Meeting 2015 – Origin Energy Ltd. – slide 27
    Australia Pacific LNG Upstream is 99% complete* 29 *As at end September 2015
  28. Annual General Meeting 2015 – Origin Energy Ltd. – slide 28
    Australia Pacific LNG Downstream is 94% complete* 30 *As at end September 2015
  29. Annual General Meeting 2015 – Origin Energy Ltd. – slide 29
    APLNGs reserves position is more than sufficient to support domestic and LNG contracts 100% APLNG Reserves and Resources1,3 APLNGs Production Capacity PJ PJ/a 25,000 800 Potential sales upside As technologies ( (100 PJe)) 20,000…
  30. Annual General Meeting 2015 – Origin Energy Ltd. – slide 30
    Conclusion 32
  31. Annual General Meeting 2015 – Origin Energy Ltd. – slide 31
    2015 ANNUAL GENERAL MEETING 21 October 2015 33
  32. Annual General Meeting 2015 – Origin Energy Ltd. – slide 32
    FORMAL BUSINESS 34
  33. Annual General Meeting 2015 – Origin Energy Ltd. – slide 33
    FINANCIAL REPORT 35
  34. Annual General Meeting 2015 – Origin Energy Ltd. – slide 34
    2015 ANNUAL GENERAL MEETING 21 October 2015 36
  35. Annual General Meeting 2015 – Origin Energy Ltd. – slide 35
    RESOLUTION 2: Election of Mr Scott Perkins Independent Non-executive Director 37
  36. Annual General Meeting 2015 – Origin Energy Ltd. – slide 36
    RESOLUTION 2: Election of Mr Scott Perkins Scott Perkins Independent Non Non-executive executive Director 38
  37. Annual General Meeting 2015 – Origin Energy Ltd. – slide 37
    RESOLUTION 2: Election of Mr Scott Perkins Proxy votes received: For 752,166,242 (96.12%) A i t Against 17,635,006 17 635 006 (2.25%) Open 12,791,716 12 791 716 (1.63%) Abstain 3,199,717 39
  38. Annual General Meeting 2015 – Origin Energy Ltd. – slide 38
    RESOLUTION 3: Election of Mr Steve Sargent Independent Non-executive Director 40
  39. Annual General Meeting 2015 – Origin Energy Ltd. – slide 39
    RESOLUTION 3: Election of Mr Steve Sargent Steve Sargent Independent Non Non-executive executive Director 41
  40. Annual General Meeting 2015 – Origin Energy Ltd. – slide 40
    RESOLUTION 3: Election of Mr Steve Sargent Proxy votes received: For 765,490,120 (97.81%) A i t Against 4,356,425 4 356 425 (0.56%) Open 12,738,057 12 738 057 (1.63%) Abstain 3,208,079 42
  41. Annual General Meeting 2015 – Origin Energy Ltd. – slide 41
    RESOLUTION 4: Re-election of Mr John Akehurst Independent Non-executive Director 43
  42. Annual General Meeting 2015 – Origin Energy Ltd. – slide 42
    RESOLUTION 4: Re-election of Mr John Akehurst John Akehurst Independent Non Non-executive executive Director 44
  43. Annual General Meeting 2015 – Origin Energy Ltd. – slide 43
    RESOLUTION 4: Re-election of Mr John Akehurst Proxy votes received: For 744,217,807 (95.18%) A i t Against 25,011,792 25 011 792 (3.20%) Open 12,695,458 12 695 458 (1.62%) Abstain 3,867,624 45
  44. Annual General Meeting 2015 – Origin Energy Ltd. – slide 44
    RESOLUTION 5: WITHDRAWN Re-election of Ms Karen Moses Executive Director, Finance & Strategy 46
  45. Annual General Meeting 2015 – Origin Energy Ltd. – slide 45
    RESOLUTION 6: Re-election of Helen Nugent AO Independent Non-executive Director 47
  46. Annual General Meeting 2015 – Origin Energy Ltd. – slide 46
    RESOLUTION 6: Re-election of Helen Nugent AO Helen Nugent AO Independent Non Non-executive executive Director 48
  47. Annual General Meeting 2015 – Origin Energy Ltd. – slide 47
    RESOLUTION 6: Re-election of Ms Helen Nugent AO Proxy votes received: For 719,862,415 (91.96%) A i t Against 50,292,980 50 292 980 (6.42%) Open 12,702,907 12 702 907 (1.62%) Abstain 2,934,379 49
  48. Annual General Meeting 2015 – Origin Energy Ltd. – slide 48
    RESOLUTION 7: Remuneration Report 50
  49. Annual General Meeting 2015 – Origin Energy Ltd. – slide 49
    RESOLUTION 7: Remuneration Report Proxy votes received: For 645,644,651 (86.69%) A i t Against 86,630,564 86 630 564 (11.63%) Open 12,529,085 12 529 085 (1.68%) Abstain 40,967,770 51
  50. Annual General Meeting 2015 – Origin Energy Ltd. – slide 50
    RESOLUTIONS 8 & 9: WITHDRAWN Equity grants to Managing Director Mr Grant A King & Equity grants to Executive Director Ms Karen A Moses 52
  51. Annual General Meeting 2015 – Origin Energy Ltd. – slide 51
    RESOLUTION 10: Approval of potential termination benefits 53
  52. Annual General Meeting 2015 – Origin Energy Ltd. – slide 52
    RESOLUTION 10: Approval of potential termination benefits Proxy votes received: For 743,848,495 (95.19%) A i t Against 25,381,549 25 381 549 (3.25%) Open 12,470,840 12 470 840 (1.60%) Abstain 3,910,018 54
  53. Annual General Meeting 2015 – Origin Energy Ltd. – slide 53
    RESOLUTION 11: Amendment to Constitution (Non Board endorsed) 55
  54. Annual General Meeting 2015 – Origin Energy Ltd. – slide 54
    RESOLUTION 11: Amendment to Constitution (Non Board endorsed) Proxy votes received: For 50,249,804 (6.46%) A i t Against 712,327,937 712 327 937 (91.60%) Open 15,074,967 15 074 967 (1.94%) Abstain 8,139,973 56
  55. Annual General Meeting 2015 – Origin Energy Ltd. – slide 55
    2015 ANNUAL GENERAL MEETING 21 October 2015 57

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