Origin Energy Limited · ASX:ORG
Origin Energy — UBS Utilities Conference 2005
15 slides from Origin Energy's conference presentation, Nov 15, 2005
Slide 1: ASX announcement cover note
Origin energy To Company Announcements Office Facsimite 1300 300 021 Company Australian Stock Exchange Limited Date 15 November 2005 From Bill Hundy Pages 15 Subject PRESENTATION Please find attached a copy of a presentation that Grant King, Managing Director will be delivering to the UBS Utilities
Slide 2: UBS Utilities Conference November 2005
ATISIN ener UBS Utilities Conference November 2005
Slide 3: Financial objectives and business strategies established in the mid 90s
Origin’s financial objectives and business strategies were established to respond to changes in the energy industry in the mid 90’s.... « Financial Objective - Steady and predictable cashflows - EPS growth of 10-15% pa on average « Business Strategy - Positioned in the competitive (rather than regul
Slide 4: Within this strategic positioning Origin has sought to develop growth options
Within this strategic positioning Origin has sought to continually develop options for growth........ arate ys detec scm Sus9 tl pa 6 86 -S¥SEEEVES - Retail sales provide revenue certainty ~ Assets provide cost certainty v-assessing the risks and value of projects and acquisitions against the other
Slide 5: This strategy has been patiently implemented over the last ten years
This strategy has been patiently implemented over the last ten years 997 1998 1999 2000 2001 2002 2003 2004 2005 2006 C0 —.. Spin off of regulated assets => Envestra Energy 21 acquisition (gas retail} Powercor acquisition (electricity retail) CitiPower acquisition (electricity retail) System Integra
Slide 6: In E&P Origin focussed on finding gas close to markets
in E&P Origin focussed on finding gas close to markets..... 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 <= Legacy position in Cooper, onshore Otway, Bass, Perth, Surat and Bowen Basins Peat CSG acquisition..... Australia’s first long term CSG contract signed with BP Bulwer Island Yolla 2 appra
Slide 7: In generation Origin has built capabilities in cogeneration and peaking plants
weeees while in generation Origin has steadily built capabilities in development of cogeneration and peaking plants.... 997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Building generation capabilities _ Investment in small cogeneration facilities Commissioning of Osborne Cogeneration facility - Aus
Slide 8: Origin's strategies and industry knowledge provide a framework for decision making
Origin’s strategies and knowledge of the industry provides an important framework for decision making Industry Issues Origin Positioning Cost of Capital Competitive advantage in regulated infrastructure was low cost of capital. Envestra spun off with high gearing / secure cash flows. Proceeds invest
Slide 9: Implementation of strategy has grown operations and profits
Implementation of Origin’s financial objectives and business strategy has grown the company’s operations and profits 2,500 3.0 n ‘peserves 254 Customers EBITDA by business type 2,000 (PJe) “51 (millions) (AS, millions) 2.04 4,500 4 1.54 4,600 J 1.04 500 4 os 4 0+ 0.0 4 Jun Jun Jun Jun- Jun- Jun- Jun
Slide 10: Significant appreciation in Origin's share price and market capitalisation
This has led to a significant appreciation in Origin’s share price and market capitalisation............ Grigin Energy Share Price and S&P ASX 106 Index {1 March 2060 to 9 November 2005) « Market Capitalisation: increased from $0.6 billion in March 2000 to around $5.5 billion in November 2005 « Rank
Slide 11: Project development continues as the main driver for growth
Looking forward Origin continues to concentrate on project development as the main driver for growth Major Projects not yet contributing significantly to Origin’s results: @ Projects approved/under: construction ® Yet to receive investment approval Spring Gutly coal seam gas Perth | SLIVER @ demonst
Slide 12: Production from Spring Gully has commenced and will ramp up
Production from Spring Gully has commenced and the project will ramp up over the next two years... Spring Gully Coal Seam Gas (Origin 97% - Operator) + Project delivered on time and on budget + First gas delivered June 05: will ramp up over 2 years to help service AGL contract {150 PJ over 15 years}
Slide 13: Power generation development options in Australia and New Zealand
Origin is progressing a number of power generation development options in Australia and New Zealand...... Proposed Spring Gully Power Station « Environmental Impact Statement released for public comment on 9 November + Proposal to construct a high efficiency gas fired power station of around 1000MW
Slide 14: Origin's fundamental strategies and objectives remain unchanged
Origin’s fundamental strategies and objectives remain unchanged. « Financial Objective - Steady and predictable cashflows - EPS growth of 10-15% pa on average ¢ Business Strategy - Positioned in the competitive (rather than regulated) segments of the Australian energy industry - Integrated across th
Slide 15: UBS Utilities Conference November 2005
ATISIN ener UBS Utilities Conference November 2005