Agl Energy Limited · ASX:AGL
Agl Energy — Shareholder Meeting (September 2016)
17 slides from Agl Energy's shareholder meeting presentation, Sep 28, 2016
Slide 1: 2016 Annual General Meeting ASX & Media Release
AGL Energy Limited Locked Bag 1837 Level 22, 101 Miller St T: +61 2 9921 2999 ABN: 74 115 061 375 St Leonards NSW 2065 North Sydney NSW 2060 F: +61 2 9921 2552 For personal use only AUSTRALIA AUSTRALIA www.agl.com.au ASX & Media Release 2016 Annual General Meeting 28 September 2016 AGL Energy Limite
Slide 2: Chairman's Address
2016 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS Good morning Ladies and Gentlemen. For personal use only My name is Jerry Maycock and I am your Chairman. Welcome to AGL’s Annual General Meeting of Shareholders. AGL’s Board and senior management are here to report to you today on the state of your com
Slide 3: Introduction of Directors
I would now like to introduce your Directors to you. Starting on my near left is Belinda Hutchinson. Belinda is a member of the Audit and Risk Management Committee, the People and Performance Committee and the For personal use only Nominations Committee. Belinda is standing for re-election as a Dire
Slide 4: Executive team and auditors
From your left, Stephen Mikkelsen is the Executive General Manager of Energy Markets. Next to Stephen is Doug Jackson, Executive General Manager of Group Operations. Dan Cram, AGL’s Executive General Manager of People and Culture and Acting Executive General Manager of Stakeholder Relations is stand
Slide 5: Gas asset impairments
two major drivers of the impairments were the fall in global oil prices, and its consequential impact on long-term Queensland gas prices, and, at Gloucester, the main factor was the Waukivory Pilot well data indicating lower than expected production volumes for the Gloucester Gas Project, rendering
Slide 6: Dividend policy and share buy-back
We have a pipeline of growth opportunities, and continue to evaluate more, but in the short to medium term the strength of our liquidity position, and cash generative nature of our portfolio, means we now also have the capability to provide additional returns to shareholders who have supported the c
Slide 7: Energy policy and transition to low emissions
uncoordinated approach without policies in place to progressively replace fossil powered generation, and create supporting infrastructure for renewables, will be disastrous in terms of the reliability and cost of power. AGL believes there are three key policies which require consideration by governm
Slide 8: Board appointments
In March, following an extensive search, the Board welcomed Jacqueline Hey as a non-executive Director. Jacqueline brings to the Board deep experience in managing the business impacts of technological change and driving improvements in customer experience. She has already made a worthy contribution
Slide 9: Conclusion of Chairman's address
In conclusion, I would like to thank my colleagues on the Board and all AGL employees for their hard work during 2016. I would also like to thank all of you, our shareholders, for your continued support of the company. It is now my pleasure to invite Andy Vesey, our Managing Director and CEO, to say
Slide 10: 2016 Annual General Meeting
2016 For personal use only Annual General Meeting Andy Vesey, Managing Director and CEO Date 28 September 2016
Slide 11: Core generation and retail operations driving results
Annual General Meeting | 2 Core generation and retail operations driving results For personal use only › Two additional months of AGL Macquarie Total generation up 14% to 45 TWh › Commissioning of solar sites › Re-organisation driving results Operating costs down $122m › Consumer opex/gross margin i
Slide 12: Emphasising the importance of people and customers
Annual General Meeting | 3 Emphasising the importance of AGL’s people and our customers For personal use only Employee Diversity and engagement Inclusion above industry initiatives norms amid including Shine significant AGL LGBTI program transition Ongoing focus on Support for Domestic violence safe
Slide 13: Strategic Framework delivering for shareholders
Annual General Meeting | 4 Strategic Framework delivering for shareholders For personal use only FY16 achievements FY17 priorities › Scenario planning rollout › Embed scenario planning Embrace Transformation › Confirmed exit of Upstream Gas › Embed Lean and Agile processes › Modernise EBAs › Digital
Slide 14: Powering Australian Renewables Fund
Annual General Meeting | 5 Powering Australian Renewables Fund: stimulating investment in clean energy For personal use only Andy Vesey, 28 September 2016
Slide 15: Virtual Power Plant
Annual General Meeting | 6 Virtual Power Plant: trialling innovative business models for distributed energy For personal use only Andy Vesey, 28 September 2016
Slide 16: Digital Transformation Program
Annual General Meeting | 7 Digital Transformation Program: igniting customer engagement and advocacy For personal use only Three key components to drive customer value and efficiency Uplifting our Foundational Digital Adoption Signature Moments Capability Investing in SAP, other core Driving custome
Slide 17: Positive FY17 earnings outlook
Annual General Meeting | 8 Positive FY17 earnings outlook despite challenging start to the year For personal use only › Primary drivers of FY17 growth expected to be: » Wholesale electricity margin (phasing of benefit to reflect competitive environment, timing of retail price changes and AGL hedging