Agl Energy Limited · ASX:AGL
Agl Energy — Corporate Update (February 2026)
30 slides from Agl Energy's corporate update, Feb 25, 2026
Slide 1: Newcastle Community Dialogue Group
Newcastle Community Dialogue Group Wednesday, 25 February 2026
Slide 2: Acknowledgement of Country
We are meeting today in the Hunter Region of New South Wales on the lands of the Worimi People. We acknowledge the Worimi People as the Traditional Custodians of this land 2 and pay our respects to their Elders past and present.
Slide 3: Agenda
Agenda 1 Open and welcome, apologies, declarations, previous minutes, business arising and correspondence 4 Tomago Battery Project Update 2 Newcastle Gas Storage Facility latest news 5 General business, next meeting and close 3 AGL Update Newcastle Community Dialogue Group | 25 February 2026 3
Slide 4: NGSF Update
NGSF Update Open • No and welcome, major apologies, incidents, declarations, previous MTIs or LTIs minutes, business a rising and correspondence • Ongoing safety walk program and verifications conducted with a focus on environment, process safety and critical risks (heights, HV, etc.) • Permitted wo
Slide 5: Championing Our Values: Be Safe, Be Supportive
Championing Our Values: Be Safe, Be Supportive Energise Award Winner Albert Jones Al identified a missing gland on a high-pressure isolation valve during a routine site walk — an issue that had gone unnoticed due to the valve’s infrequent operation. He promptly reported the fault, sought guidance, a
Slide 6: Environment update - NGSF
Environment update - NGSF • Zero environmental incidents in this quarter • Water monitoring event completed in September 2025 – final report received December 2025 • Groundwater results were below the adopted AGL groundwater guidelines (i.e. no exceedances) • NGSF is not having a significant impact
Slide 7: Environment update - Medowie
Environment update - Medowie • Medowie Offset Property o No issues experienced at the property in the last quarter o Slashing of access tracks undertaken last week 7 Newcastle Community Dialogue Group | 25 February 2026
Slide 8: AGL in the Community
AGL in the Community Jo Ferguson – Manager Community Relations 8
Slide 9: Volunteering in Port Stephens
Volunteering in Port Stephens Karen Smith - Volunteering at AGL 9
Slide 10: Wahroonga Bush Christmas
Wahroonga Bush Christmas 10
Slide 11: Youyoong Junior AECG Leadership Camp
Youyoong Junior Aboriginal Education Consultative Group (AECG)Leadership Camp A First Nations youth leadership program delivered by Youyoong AECG. Youyoong is a Worimi word meaning to go further which reflects the camps focus on cultural pride, confidence and leadership development. Elders and commu
Slide 12: Upcoming Events
Upcoming Events ➢ Newcastle Show – Silver Sponsor supporting the Honey Competition and backyard beekeepers. Supporting backyard beekeepers matters far beyond just producing local honey — it directly impacts biodiversity, food security, and healthy ecosystems. ➢ International Women’s Day Event – Murr
Slide 13: FY26 Half-Year Results
Use content from Slide 15 for content…scripting FY26 Half-Year Results 11 February 2026
Slide 14: Strong first half result driven by improved operational performance – FY26 guidance narrowed
Strong first half result driven by improved operational performance – FY26 guidance narrowed • Underlying EBITDA flat at $1,092 million; Underlying NPAT down 6% to $353 million • Increased Customer Markets earnings due to an improvement in margin and growth in customer services • Stronger fleet avai
Slide 15: Significant improvement in operational performance in the half
Significant improvement in operational performance in the half CUSTOMER GENERATION & STORAGE PORTFOLIO Excellent growth in overall Fleet EAF improved to customer services (+108k) 80.1% (+2.6pp) AGL’s breadth of flexible Customer satisfaction assets attracted a premium to higher at 83.8 (+2.2 vs FY25
Slide 16: Market context - Long term trends and opportunities
Market context - Long term trends and opportunities MARKET OBSERVATIONS IN THE HALF LONGER TERM TRENDS AND AGL’S OPPORTUNITIES Strong demand growth AEMO forecasts large increases in operational demand • Record levels of peak demand • Growth to be sustained by electrification, EV adoption and • NEM m
Slide 17: AGL to divest its telco business and enters strategic partnership with Aussie Broadband
AGL to divest its telco business and enters into a long-term strategic partnership with Aussie Broadband DIVESTMENT OF AGL’S TELCO BUSINESS CREATION OF A STRATEGIC PARTNERSHIP • AGL’s 0.4m telco customer services to be acquired by • Long-term partnership, with ABB delivering telco Aussie Broadband (
Slide 18: 15.4 TWh
Higher commercial availability and plant flexibility enabled AGL to generate when market conditions were most favourable, despite a period of low volatility Lower thermal generation Commercial availability improved in Reduced market volatility in 1H26 utilisation offset by higher line with fleet per
Slide 19: Growth in residential battery adoption beneficial to the transition
Growth in residential battery adoption beneficial to the transition and presents opportunities for AGL 40 GW of grid-scale storage and AGL is capturing and innovating across emerging residential CER required by 2035 battery-enabled value pools as the market evolves 80 Market share growth 70 AGL’s re
Slide 20: Record peak demand in 2025, with a strong long-term outlook
Record peak demand in 2025, with a strong long-term outlook driven by data centres, electrification and sustained smelter operations Record levels of peak demand AEMO forecasts large increases Data centre demand presents a achieved in 2025 in operational demand (TWh) significant upside for the marke
Slide 21: Strong financial result driven by improved operational performance
Strong financial result driven by improved operational performance STATUTORY PROFIT AFTER TAX: Improved operational performance supported strong UNDERLYING PROFIT AFTER TAX: $94m result INTERIM DIVIDEND (FULLY FRANKED) Improved customer margins, battery earnings, disciplined $353m down 6% 24 cps up
Slide 22: Approximately $650 million of growth capital investment planned for FY26
Approximately $650 million of growth capital investment planned for FY26 to advance firming projects Historic and forecast capital expenditure ($m) Growth Capital Expenditure 1,000 • FY26 forecast growth capital Energy as a spend of ~$760m, major 800 Service Growth and projects include: 600 Electrif
Slide 23: Our 300 MW operating battery fleet continues to perform strongly
Our 300 MW operating battery fleet continues to perform strongly, delivering $35 million EBITDA contribution in the half Liddell Battery commissioning - first 250 MW targeted for third quarter and full operations (entire 500 MW) in fourth quarter of FY26 Grid-scale battery EBITDA ($m) Project Capex(
Slide 24: We are progressing our development projects and strengthening our pipeline
We are progressing our development projects and strengthening our pipeline PROJECT STATUS TYPE CAPACITY/DURATION • Priority late-stage BESS projects: Tuckeroo Battery (500MW / 4 hours), NSW IN OPERATION: 300 MW Battery 2 (150 MW / 2 hours), NSW Battery Torrens Island Battery (SA) In Operation Firmin
Slide 25: Tomago Battery Project
Tomago Battery Project 500MW/2000MWh (4 hours duration) 25
Slide 26: Tomago Battery Sod Turning
Tomago Battery Sod Turning 26
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Slide 28: Project Updates
Project Updates Development • AGL and Port Stephens Council Voluntary Planning Agreement – executed and registered on title. • Secondary Approvals (Management Plans): • Traffic Management Plan now approved (updates to come for escorted OSOM loads). • Emergency Management Plan and Construction Enviro
Slide 29: Questions
Questions NYA rr ag| Join the change 29
Slide 30: Thankyou!
Thankyou! NYA rr ag| Join the change 30