Agl Energy Limited · ASX:AGL
Agl Energy — Investor Presentation (October 2006)
17 slides from Agl Energy's investor presentation, October 2006
Slide 1: AGL Energy: Positioned for Growth
agl energy positioned for growth Investor Presentation October 2006
Slide 2: Disclaimer
disclaimer The information in this presentation: - is not an offer or recommendation to purchase or subscribe for securities in AGL Energy Limited or to retain any securities currently held + does not take into account the potential and current individual investment objectives or the financial situa
Slide 3: Introducing AGL Energy
introducing agl energy commencing from a position of strength * Australia’s largest retailer of gas, electricity & related services * ~ 2.8m customers across NSW, Victoria, South Australia and Queensland + ~ 0.8m customers through JVs in the ACT (ActewAGL) & Western Australia (AlintaAGL) * depth & b
Slide 4: A focussed energy company
a focussed energy compan Key: dh Hydro generation Landfil and biogas generation ‘Upstream gas, AUREAAGL WA GLB Customers Customers (83%)? Te 1000 eveeteity sm 540,000 gas f Operational Snapshot ‘, @ 1,000 elactricey Retail Customers 2M Gas a 1.6M Electric 5A Costomers 1.3M Dual Fuel 53,000 gas 5 (in
Slide 5: The integrated strategy
the integrated strategy
Slide 6: Powering growth
~2,700MW of new, clean. burn generation projects under review Further potential for acquisitive growth Increasing upstream equity gas positions -PNG -Moranbah (QId) -Sydney Basin powering growth Bidding on 800,000 retail customers in Queensland Opportunity to convert 540,000 WA gas customers to dual
Slide 7: Electricity generation: managing peak demand
- electricity generation managing peak demand strategic position in power generation with focus on peak assets to balance downstream price risk and capture share of profit pool as it moves to upstream suppliers ERAT ROE * currently able to meet ee “generator 95MW (SA) ~80%! of average and ~44% of ow
Slide 8: Upstream gas
upstream gas gas: the ‘spark-spread’ equation * increasing commercial reserves of upstream gas in Eastern Australia + ~3,785 P} of contracted gas to ensure wholesale gas costs are y Contract gas : maintained at competitive levels (remaining under contract * acquisitive growth opportunities to secure
Slide 9: Forecast income statement
- forecast income statement EBITDA 746 EBIT 573 Finance costs _ -61 Profit before tax 512 Tax EPS (cents)! 1 The EPS forecast for the year ending 30 June 2007 is based on weighted average shares outstanding of approximately 402.3 million following completion of the Recommended Proposal. Total shares
Slide 10: Powering efficiency & effectiveness
2250 FTEs ine. contractors Merchant: Overhead “Merchant Ratail 2606 Retail 2007 powering efficiency & Merchant 2608 Retail effectiveness OPEX/Customer to serve today post Phoenix further savings
Slide 11: Earnings outlook
earnings outlook strong earnings! growth to drive TSR strategy to target high growth energy sectors operating scale advantages value-adding inorganic growth opportunities cost saving initiatives medium term forecast 15% compound growth in EPS with target 60% dividend payout ratio, fully franked EBIT
Slide 12: Summary
summary key benefits diversified portfolio of assets across Australia with strong growth trajectory solid, identified growth opportunities in AGL Energy’s leading retail, power generation businesses and upstream equity gas portfolio a focused business with expert management a focus on growth and max
Slide 13: Further information/contacts
further information/contacts a full range of information on AGL including a soft copy of the scheme booklet, prior AGL annual reports, presentations and financial results is available from our website wwiw.2c). ani alternatively, contact 12
Slide 14: Appendices
appendices - agl energy - financial year 2007 dividend makeup - demerger taxation implications - old agl - share price performance, pre demerger through until delisting 13
Slide 15: AGL Energy - FY07 dividends
agl energy - fy0O7 dividends Represents ~8 months of new AAN (Nov 06-Jun 07). Anticipated to be paid in accordance with existing Alinta financial calendar! “Gfemnsconctnctsenatn, «Final div of ~4.8 cps payable Mar 07 «Interim div of ~14.3 cps payable Sept 07 oe, new AGL Energy 35.4 cents 80 cents ae
Slide 16: Taxation implications
taxation implications es that the Australian capital qains tex (CGT) consequences for most Australian tax resident AGL Sharehat showld be as shawn below, Pre-CGT AGL Shares é the market value of your AGA. Sahay pe cf the: cr the Tran 4 at eritation Date. ti 20S 9 acquired before a New Alinta you wll
Slide 17: AGL - share price performance
agl - share price performance $24.00 “=="AGL share price “All Ordinaries $22.00 $20.00 +50% $18.00 $16.00 $14.00 $12.00 - r r r r octyos Nov/OS Dec/O5_—sJan/06 = Feb/06 =~ Mar/06 Apr/06 - May/06 = Jun/O6—«Jul/06 Aug/06 ——- Sep/06 16