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US Roadshow 2014 – Origin Energy Ltd.

Origin Energy Ltd. · Mar 3, 2014 · 34 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. US Roadshow 2014 – Origin Energy Ltd. – slide 1
    To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 3 March 2014 From Helen Hardy Pages 35 Subject ORG US Roadshow Please find attached a release on the above subject. Regards Helen Hardy…
  2. US Roadshow 2014 – Origin Energy Ltd. – slide 2
    Origin Energy US Roadshow Karen Moses,, Executive Director,, Finance and Strategy gy March 2014
  3. US Roadshow 2014 – Origin Energy Ltd. – slide 3
    Since Origin was established in 2000 it has pursued a strategy of connecting resources to markets. Over that time it has become The leading integrated energy markets business in Australia and New Zealand At a glance: Flexible and…
  4. US Roadshow 2014 – Origin Energy Ltd. – slide 4
    Through a decade of consolidation Origin invested in the Energy Markets business, which is now maturing Integrated energy markets business Significant position in natural gas and LNG CONTACT ENERGY EXPLORATION & ENERGY MARKETS LNG…
  5. US Roadshow 2014 – Origin Energy Ltd. – slide 5
    As the focus of investment changes, Origin is making significant progress on its four key priorities Improving the Performance of the Existing Businesses 9 Retail Transformation complete, 9 Expansion of gas margins 9 Increased…
  6. US Roadshow 2014 – Origin Energy Ltd. – slide 6
    Australias maturing energy market has seen increased competition and discounts which will impact Origin Originss margin recovery in the short term Improving p g operational Industry begins LNG APLNG and d GLNG Full F ll…
  7. US Roadshow 2014 – Origin Energy Ltd. – slide 7
    Integrated Energy Business
  8. US Roadshow 2014 – Origin Energy Ltd. – slide 8
    Origins integrated Energy Markets business continues to be Australiass leading provider of energy products Australia Fuel Generator Retailer Flexible and diverse fuel Flexible generation Leading retail portfolio portfolio…
  9. US Roadshow 2014 – Origin Energy Ltd. – slide 9
    Contact Energy, one of New Zealands leading integrated energy companies, is 53.1% owned by Origin Fuel Generator Retailer Flexible and diverse fuel Flexible generation Leading retail customer portfolio portfolio base in NZ Hydro…
  10. US Roadshow 2014 – Origin Energy Ltd. – slide 10
    Energy markets are maturing following a decade of consolidation and integration, coinciding with a period of falling demand, increased competition titi andd compression i off margins i 20.0% Maturing 220 Consolidation and…
  11. US Roadshow 2014 – Origin Energy Ltd. – slide 11
    Origins Energy Markets business has been impacted by declining demand for electricity, largely driven by solar PV and energy efficiency measures NEM Energy Demand Projections Annual Change in Solar PV Output (GWh) (MWh) GWh 300,000…
  12. US Roadshow 2014 – Origin Energy Ltd. – slide 12
    Origin has reduced discounts in NSW, supported by a decrease in churn, while intense competition remains in VIC Origins Average Signed Discount Offers for Electricity and Natural Gas Churn Rates Electricity and Natural Gas (%) 40%…
  13. US Roadshow 2014 – Origin Energy Ltd. – slide 13
    The removal of price controls as a result of deregulation in NSW and QLD is currently being considered Retail Price Deregulation Timeline SA VIC NSW QLD Recommended by Gas 1 Feb 2013 1 Jan 2009 1 July 2007 AEMC Under Under…
  14. US Roadshow 2014 – Origin Energy Ltd. – slide 14
    Significant investment in improved retail capability is nearing completion with all customers now serviced on the new SAP system T Transition iti off customers t to t the th new SAP system t Migration of all customers now…
  15. US Roadshow 2014 – Origin Energy Ltd. – slide 15
    Origins diverse fuel and generation portfolio enables effective management g of gas g and electricityy p purchase costs Fuel Flexibility Generation Flexibility 9,000 PJe/a 350 8,000 Gas / Sales Gas / Generation 7,000 Contract…
  16. US Roadshow 2014 – Origin Energy Ltd. – slide 16
    Scale and diversity of Origins low historical priced gas position enables Origin g to benefit from rising g gas g prices p Sources of Energy Markets East Coast Australian domestic gas prices are PJ/a Gas Portfolio moving towards…
  17. US Roadshow 2014 – Origin Energy Ltd. – slide 17
    Origins equity gas position in Australia and New Zealand contributes to its diverse fuel portfolio p Origins Annual Gas and Liquids Production (excl. APLNG) PJe mmboe b 100 17.2 80 13 7 13.7 Processing plant in Cooper…
  18. US Roadshow 2014 – Origin Energy Ltd. – slide 18
    Origin is pursuing a number of exploration and development opportunities to support domestic energy markets and LNG export opportunities t iti Play types Shale Play types CSG, Conventional Ironbark (CSG) Progress towards a…
  19. US Roadshow 2014 – Origin Energy Ltd. – slide 19
    Australia Pacific LNG
  20. US Roadshow 2014 – Origin Energy Ltd. – slide 20
    APLNG is a strong and aligned incorporated joint venture, combiningg Origins g Australian CSG experience p with ConocoPhillips p extensive LNG and CSG capabilities Australias largest integrated Global independent exploration…
  21. US Roadshow 2014 – Origin Energy Ltd. – slide 21
    APLNGs industry leading Proved and Probable reserves base includes prime acreage in both known and industry accepted sweet spots in Queensland Curtis Island APLNG APLNG Reserves (100%) PJ QCLNG (BG) 20,000 GLNG (SANTOS)…
  22. US Roadshow 2014 – Origin Energy Ltd. – slide 22
    APLNG is on track to deliver first LNG by mid-2015, creating a step change in Origins Origin s earnings and cash flows Milestones Timing (FY) 9 Origin and ConocoPhillips form APLNG incorporated JV Q2 2009 9 Environmental approvals…
  23. US Roadshow 2014 – Origin Energy Ltd. – slide 23
    Upstream Project Progress Condabri Central, North and South Condabri Central - Gas Processing Facility Condabri Central - water and brine ponds Condabri North - Gas Processing Facility Condabri South - Gas Processing Facility…
  24. US Roadshow 2014 – Origin Energy Ltd. – slide 24
    Upstream Project Progress Talinga, Orana, Reedy Creek and Eurombah Creek Talinga Pipeline Compression Facility, Gas Processing Orana Gas Processing Facility Facility in background Reedy Creek Gas and Water Processing…
  25. US Roadshow 2014 – Origin Energy Ltd. – slide 25
    Downstream Project Curtis Island Curtis Island February 2013 Curtis Island December 2013 25
  26. US Roadshow 2014 – Origin Energy Ltd. – slide 26
    Funding
  27. US Roadshow 2014 – Origin Energy Ltd. – slide 27
    As a result of a number of funding initiatives during the period, Origin has 6.51 billion of committed undrawn debt facilities and cash as at 31 December 2013 Origin Debt & Bank Guarantee Maturity Profile as at 31 December 20132…
  28. US Roadshow 2014 – Origin Energy Ltd. – slide 28
    Growth Opportunities
  29. US Roadshow 2014 – Origin Energy Ltd. – slide 29
    Origin is focused on growing its position in renewable energy to complement its position in natural gas Chile 40% interest in Energia Ne Zealand New Andina Andina, a Chilean geothermal exploration company. Tauhara consented…
  30. US Roadshow 2014 – Origin Energy Ltd. – slide 30
    Australias maturing energy market has seen increased competition and discounts which will impact Origin Originss margin recovery in the short term Improving p g operational Industry begins LNG APLNG and d GLNG Full F ll…
  31. US Roadshow 2014 – Origin Energy Ltd. – slide 31
    Appendix
  32. US Roadshow 2014 – Origin Energy Ltd. – slide 32
    2014 Half Year Financial Highlights ( million) Dec 13 Dec 12 Change Statutory Profit 322 524 (39%) Statutory EPS 29.3 cps 48.0 cps (39%) Revenue 7,238 7,450 (3%) Underlying EBITDA 1,082 1,055 3% Underlying EBIT 694 698 (1%)…
  33. US Roadshow 2014 – Origin Energy Ltd. – slide 33
    2013 Full Year Financial Highlights ( million) June 13 June 12 Change Statutory Profit 378 980 (61%) Statutory EPS 34.6 cps 90.6 cps (62%) Revenue 14,619 12,935 13% Underlying EBITDA 2,181 2,257 (3%) Underlying EBIT 1,438 1,598…
  34. US Roadshow 2014 – Origin Energy Ltd. – slide 34
    Thank h k you For more information Chau Le Group Manager, Manager Investor Relations Email: chau.leoriginenergy.com.au Office: +61 2 9375 5816 Mobile: + 61 467 799 642 www.originenergy.com.au

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