AGL Energy Limited · ASX:AGL
AGL Energy — FY2003 Earnings Presentation
7 slides from AGL Energy's earnings presentation, 2003
Slide 1: 2002/03 Full Year Results Supplementary Information
2002/03 FULL YEAR RESULTS Supplementary Information
Slide 2: Key Financial Results
KEY FINANCIAL RESULTS 2002 2003 Before Significant Total Before Significant Total Significant Items Significant Items Items $m $m $m Items $m $m $m EBITDA 771.9 (75.5) 696.4 938.5 (1.3) 937.2 DA (219.8) - (219.8) (249.9) - (249.9) EBIT 552.1 (75.5) 476.6 688.6 (1.3) 687.3 Borrowing Costs (172.2) - (
Slide 3: Segment EBIT Analysis
SEGMENT EBIT ANALYSIS $m 2002 2003 Operating Significant Total Operating Significant Total Profit Items Profit Items Energy Networks - Gas *151.3 - 151.3 ^151.9 - 151.9 - Electricity 60.8 - 60.8 ^^64.0 - 64.0 Energy Sales & 102.2 (2.1) 100.1 196.6 - 196.6 Marketing New Zealand 137.6 (33.2) 104.4 139
Slide 4: Significant Items
SIGNIFICANT ITEMS 2002 2003 Before Tax After Before Tax After Tax Tax Tax Tax $m $m $m $m $m $m NGC losses/writedowns (33.2) 14.4 (18.8) - - - Equity performance 10.5 (3.2) 7.3 - - - hedge Restructuring Costs (10.7) 3.2 (7.5) - - - Profit on Breakfast - - - 13.5 (0.3) 13.2 Point sale Property rehabi
Slide 5: EBITDA/Cash Flow Reconciliation
EBITDA/CASH FLOW RECONCILIATION $m EBITDA 937.2 Working Capital movements (145.1) Equity accounting adjustments 41.2 Tax expense/payments (63.7) Borrowing costs expenses/payments (172.7) Non current asset disposals / writeoff (54.7) Net Operating Cash Flow 542.2 2002/03 FULL YEAR RESULTS
Slide 6: Funds Employed
FUNDS EMPLOYED $m 2002 2003 Energy Networks - Gas 986.6 989.7 - Electricity 1 042.8 1 042.0 Energy Sales & Marketing 366.1 1 400.8 Energy Interests 699.4 733.9 Agility (15.6) (1.5) Telecommunications 98.6 41.6 Other 165.4 257.0 Sub-total 3 343.3 4 463.5 New Zealand 1 482.7 723.6 Total 4 826.0 5 187.
Slide 7: NGC Holdings Limited
NGC HOLDINGS LIMITED EBIT 2002 2003 Change NZ$m NZ$m % Energy metering 20.3 21.1 + 3.9 Gas transportation 59.5 61.3 + 3.0 Energy Sales - Natural gas 51.2 54.2 + 5.9 - LPG 11.6 13.1 +12.9 Other 16.2 7.7 - 52.5 TOTAL 158.8 157.4 - 0.9 2002/03 FULL YEAR RESULTS