Origin Energy Macquarie Australia Conference Frank Calabria, CEO 1 May 2018
The market is responding Increased supply Lower forward prices Increased competition Australian wind and solar capacity NSW forward baseload energy prices Market churn 12,000 120 23% 110 10,000 22% 100 8,000 A/MWh 90 21% 80…
National Energy Guarantee We support the Investment signal in low emissions and reliable generation at least objectives of the cost to Australian customers NEG Embedded in National Electricity Law Gives the market time to solve for…
Our focus is clear Continued balance sheet repair Rebuilding the right to grow Disciplined capital management Reducing organisational complexity and cost Smaller, simpler operating model Step change reduction in Streamlined…
Disciplined capital management Debt/EBITDA1 Upgraded credit rating action following 7x Lattice Energy sale and H1 FY2018 results 6x Progressing capital management initiatives 5x 20 million p.a. savings from cancelling…
APLNG continuing to perform APLNG upstream supply1 APLNG domestic price APLNG LNG price TJ/d Two-train 8 8 2,500 Train 1 operation operation al test al test 7 7 2,000 6 6 US/mmbtu 5 5 A/GJ 1,500 4 4 3 3 1,000 2 2 1 1…
Cost out progressing at APLNG Key Outcomes Initial Targets Metric June 2019 target run rate Cost reduction and Well cost1 Am/well 1.2 productivity improvement Operating cost2 A/GJ 1.0 Operating breakeven3…
Transforming the customer experience Good Energy with customers at the heart of everything we do More affordable Customers More Easier and sustainable smarter 9 1 May 2018 2018 Macquarie Conference
Addressing affordability today Increasing supply and helping customers who need it most Monthly generation output1 1,600 Increasing Eraring output 12-15% in FY2018 1,400 Supplying gas to bring 240 MW back online 1,200 in South…
Retail market remains competitive Defending market share and managing for value Origin monthly net customer position Origin YTD customer activity (000 customers) 20,000 2,000 15,000 10,000 1,500 5,000 - 1,000 -5,000 -10,000…
Making energy easier and smarter Price transparency with Origin Product innovation Savernator Origin App 12 1 May 2018 2018 Macquarie Conference
Positioned for a low carbon future Origin Installed Renewable Capacity1 Electricity supply 20 15 TWh 10 optimise for movements in prices 5 and volatility - 1H17 1H18 Renewables Coal (Eraring) Gas Other Contracts…
Transitioning to a cleaner, smarter, customer-centric energy future Gas to play a key role as a lower emissions firming fuel Entering FEED for Ironbark Stage 1 in June 2018. Targeting first gas in FY2021/22 Upstream Origin welcomes…
FY2018 guidance unchanged Energy Markets FY2018 EBITDA is expected to be in the range of 1.78 - 1.85 billion, provided that market conditions and the regulatory environment do not materially change On track to increase Eraring output…
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