Origin Energy Limited · ASX:ORG
Origin Energy — Wilson Oil and Gas Conference 2009
33 slides from Origin Energy's conference presentation, Apr 30, 2009
Slide 1: ASX announcement fax cover note
For personal use only To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 30 April 2009 From Bill Hundy Pages 33 Subject PRESENTATION Attached for your information is a presentation being made by Mr Angus Guthrie, Manager Investor Relations to the Wilson Oil and Gas Confe
Slide 2: Balance Sheet Strength Provides Opportunities to Grow & Develop
For personal use only Balance Sheet Strength Provides Opportunities to Grow & Develop Presentation to the Wilson Oil and Gas Conference 2009 Sydney 30 April 2009
Slide 3: Important Notice
Important Notice This presentation does not constitute investment advice, or an inducement or recommendation to acquire or dispose of any securities in Origin, in any jurisdiction (including the USA). This presentation is for information purposes only, is in a summary form, and does not purport to b
Slide 4: Introduction
For personal use only Introduction
Slide 5: Origin Energy is the largest integrated energy company in Australia and New Zealand
Origin Energy is the largest integrated energy company operating across Australia and New Zealand For personal use only • Listed in the ASX top 20 with a market capitalisation of around $13 billion# • Leading producer of gas in eastern Australia • Largest owner and developer of gas fired electricity
Slide 6: Origin has interests in a variety of energy assets across Australasia
Origin has interests in a variety of energy assets across Australasia… For personal use only … and is well placed to continue to 5 grow these positions
Slide 7: Fuel integrated generator retailer strategy designed to better manage risk
Origin’s strategy of being a fuel integrated generator retailer is designed to better manage risk… For personal use only Fuel Generator Retailer A leading producer of gas in Largest owner and developer of A leading wholesaler and Eastern Australia involved in the gas fired electricity generation ret
Slide 8: Consistent record of underlying earnings and dividend growth
Effective implementation of this strategy has delivered a consistent record of underlying earnings and dividend growth Revenue EBITDAF For personal use only 9,000 1,500 Compound annual growth rate: 26% Compound annual growth rate: 23% 7,500 1,200 6,000 900 $millions $millions 4,500 600 3,000 300 1,5
Slide 9: CSG transaction with ConocoPhillips
In addition to the ongoing growth in earnings, the highlight of the current financial year has been the CSG transaction with ConocoPhillips… For personal use only ConocoPhillips has subscribed for a 50% interest in Australia Pacific LNG Assets Australia Pacific LNG includes all of Origin’s CSG inter
Slide 10: $6.4 billion of cash and undrawn debt facilities
As a result of this transaction, Origin is in an unparalleled position with $6.4 billion of cash on deposit and undrawn committed debt facilities at 31 December 2008… As at 31 December 2008 For personal use only Undrawn Available Adjusted Committed Funding (1) (2) (1) Gross Debt Cash Debt Facilities
Slide 11: Exploration & Production
For personal use only Exploration & Production
Slide 12: Securing gas reserves close to markets
Securing gas reserves close to markets has been a key component of Origin’s strategy… For personal use only Origin’s 2P Reserves (1) • Extensive portfolio of gas and oil exploration and production interests near key markets in Australia and New Zealand • Leading operator and largest producer of CSG
Slide 13: APLNG continues strong growth in CSG production and reserves
APLNG continues strong growth in CSG production and reserves For personal use only Source: Origin APLNG now supplies around 25% of Queensland’s gas and will increase production into the domestic market to over 100 PJ per annum by 2011 12 (1) Origin has a 50% interest in APLNG (2) Reserves as at 31 D
Slide 14: APLNG has a leading CSG reserves position
APLNG has a leading CSG reserves position… Eastern Australia 3P CSG Reserves by Company For personal use only APLNG ATP 788P* BG Group Santos Petronas Arrow Energy APLNG 11,110 AGL Energy Victoria Petroleum Shell Beach Petroleum Arrow Energy 3,676 ATP 788P* 1,150 Anglo Coal Metgasco Petronas 2,400 E
Slide 15: Technical characteristics of CSG vary
Technical characteristics of CSG vary – with APLNG’s key areas on par with US CSG Estimated Average Peak Flow Rate For personal use only Bowen 3.0 Basin Australia United States 2.5 Northern 2.0 Walloons TJ / day 1.5 Undulla Nose 1.0 Eastern Walloons 0.5 0.0 San Juan Basin Walloon Undulla Gully/Fairv
Slide 16: Conditional agreement to acquire ATP 788P
Origin has entered into a conditional agreement to acquire ATP 788P on the southerly extension of the Undulla Nose For personal use only • On 22 April 2009 Origin entered into a conditional agreement to acquire a 100% interest in ATP 788P from the Pangaea group, subject to certain CPs • Consideratio
Slide 17: APLNG is progressing well
APLNG is progressing well APLNG Established For personal use only • Board and Senior management appointed • $2.3 billion work program to FID underway • Initial Advice Statement submitted and project declared as Significant by the Queensland Government Origin as Upstream Operator continues to deliver
Slide 18: Generation
For personal use only Generation
Slide 19: Developments and acquisitions increasing generation capacity
Major developments and acquisitions are significantly increasing Origin’s generation capacity… For personal use only Origin’s Generation Capacity • Largest owner and developer of gas fired electricity generation in Australia • Investing over $1.5 billion in generation, doubling capacity to 2,800MW b
Slide 20: Doubling generation capacity as electricity price volatility increases
Origin is doubling the capacity of its generation fleet at a time when electricity price volatility is increasing… For personal use only … and higher forward prices provide significant opportunities Source: NEMMCO, ICAP & Origin
Slide 21: Gas-fired fleet well placed in a carbon-constrained environment
Origin’s fleet of gas-fired power stations is well placed to benefit in a carbon-constrained environment… • Addition of Uranquinty and Quarantine expansion For personal use only has more than doubled Origin’s generation equity interests to 1,465 MW • Origin has committed to build an additional 1,340
Slide 22: Uranquinty and Quarantine power stations
Construction of the Uranquinty Power Station in New South Wales… For personal use only Picture of 4 completed Uranquinty Power Station turbines New unit at Quarantine Power Station Uranquinty Power Station Quarantine Power Station Expansion • 640 MW Peaking Plant (4 x 160 MW OCGT) • 120 MW expansion
Slide 23: Darling Downs and Mortlake power stations
Darling Downs Power Station is progressing well… For personal use only Darling Downs Power Station turbine building steel erection Impression of Mortlake Power Station once constructed Darling Downs Power Station Mortlake Power Station • 630 MW Base Load plant • 550 MW Peaking plant • Largest CCGT p
Slide 24: Renewable energy options: wind, geothermal, solar
Origin also continues to develop a number of renewable energy options… Wind For personal use only • Construction of the 30 MW wind farm at Cullerin Range is well progressed with commissioning expected in mid-2009 • Origin has development sites for another 58 MW and an option over up to 500 MW of win
Slide 25: Retail
For personal use only Retail
Slide 26: Leading wholesaler and retailer of energy in Australia
Origin is a leading wholesaler and retailer of energy in Australia with around 3 million customers providing significant scale and geographic diversity… For personal use only Origin’s Energy Sales • Around 3 million customers across Australia • Margins maintained despite high levels of churn and inc
Slide 27: Electricity markets volatile, forward curve signals higher prices
Electricity markets continue to be volatile, whilst the forward curve continues to signal increasing wholesale prices For personal use only Source: NEMMCO, ICAP & Origin
Slide 28: Australia's leading green energy retailer
Origin is Australia’s leading green energy retailer and continues to pursue new and innovative channels to market For personal use only GreenPower Customers Origin 38% Collingwood Football Club fans Source: National GreenPower Accreditation Program Quarterly Status Report 1 October to 31 December 20
Slide 29: Making a positive difference
For personal use only Making a positive difference: 1. Energy efficiency 2. Safety and emergency relief 3. Financial hardship 4. Local communities 5. Education – safety and savings 28 28
Slide 30: Conclusion
For personal use only Conclusion
Slide 31: Strategy continues to create opportunities; APLNG a major growth opportunity
Origin’s strategy as a fuel-integrated generator retailer will continue to create opportunities for the existing business and APLNG creates a major opportunity for growth by establishing a For personal use only new export channel to market Source: Origin Source: Origin Note: Excluding Contact With a
Slide 32: Balance Sheet Strength Provides Opportunities to Grow & Develop
For personal use only Balance Sheet Strength Provides Opportunities to Grow & Develop Presentation to the Wilson Oil and Gas Conference 2009 Sydney 30 April 2009
Slide 33: Further Information
Further Information Investors For personal use only Angus Guthrie Manager, Investor Relations Email: angus.guthrie@originenergy.com.au Office: +61-2-8345 5558 Mobile: +61-4-1786 4255 Website www.originenergy.com.au Other recent presentations include: • Half Year Results http://www.originenergy.com.a