Origin Energy Limited · ASX:ORG
Origin Energy — Macquarie Connections Conference 2006
19 slides from Origin Energy's conference presentation, May 5, 2006
Slide 1: ASX announcement fax cover sheet: Presentation
Origin energy To Company Announcements Office Facsimite 1300 300 021 Company Australian Stock Exchange Limited Date 5 May 2006 From Bill Hundy Pages 19 Subject PRESENTATION Please find attached a copy of a presentation entitled “Creating value as an integrated energy company” that Grant King, Managi
Slide 2: Creating value as an integrated energy company
drigin energy Creating value as an integrated energy company Macquarie Connections Conference as oennmnethorin ni acNNN MN nectar, ~~ Grant King — Managing Director; Origin Energy ~~ May 2006 4q
Slide 3: The energy industry continues to experience significant change
The energy industry continues to experience significant change Coal ‘es Mergerto —~ td rep tac. ii gas 54 ‘oat Plug into ai _ get to °° -- synergies: Roy. oi PNG gas will Y Fp, . Origin — | power up “P to vay, A Gp rag, . Queensland at “Akeoy, ~ Min = . New BassGas delay _ neh es ifight Dit oe. Enve
Slide 4: Origin's financial objectives and business strategies
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 regu
Slide 5: Origin's integrated business strategy has provided steady growth
Origin’s integrated business strategy has provided steady growth over prior years..... 7a 604 cents per share (A$) 104 o 3 - 3S we 3 re) aS @CFPS meEPS DPS $2 ‘00 ‘O41 "02 ‘03 "04 ‘OS. EPS has increased at a CAGR of over 20% since 2000, above our long term goal of 10 to 15% on average In the current
Slide 6: The Spring Gully CSG development continues to outperform expectations
The Spring Gully CSG development continues to outperform expectations, with further expansion now approved...... WO SCH STARA: enc sy Baise Bast D) Heobidr enigooen .....and CSG now providing over 30% of Origin’s gas production 5 « Spring Gully production is now in excess of 35 TJ/d, with higher gas
Slide 7: Development of the BassGas project approaches completion
Development of the BassGas project approaches completion with gas now available offshore..... BassGas Project (42.5%) « Commissioning and defect rectification work nearing completion. « Sales Gas was introduced to the onshore plant in early March 2006 from the Victorian grid enabling equipment to be
Slide 8: Development of the Otway Gas project is progressing steadily
Development of the Otway Gas project is progressing steadily The Maersk Guardian jack-up ng (blue and red) dritling the Thytacine South-1 weil and dwarfing the Thylacine-A platform in foreground {yellow} Otway Gas Project (30.75%) Project approximately 85% complete and capital expenditure largely co
Slide 9: Planning and approvals of the Kupe Gas Project are nearing completion
Planning and approvals of the Kupe Gas Project are nearing completion........ Hortbslowe Bar oxshinu Sesser 6 Map ke; Conontisns! ‘UTA gE Gay plnotcus ‘Gas capable power plant Cogeneration lant Hydteo pow pie Gus processing plant i Kupe Gas Project (50%) + Offshore drilling contract awarded for the
Slide 10: Two gas-fired base-load power generation development options in Australia
Origin is progressing two gas-fired base-load power generation development options in Australia Proposed Spring Gully Power Station + Environmental Impact Statement process successfully concluded + Proposal to construct a high efficiency gas fired power station of around 1000MW (likely two stages of
Slide 11: Commercialisation of SLIVER product in solar PV sector
Origin is making steady progress on commercialisation of its SLIVER product in the fast growing solar PV technology secto......... . « 1998 - Origin entered RED project with ANU’s Centre for Sustainable Energy Systems « 1999 - SLIVER® invented « Late 2003 - Site secured for $20M pilot plant « Dec 20
Slide 12: Greenfields exploration focussed on gas markets in Australia and New Zealand
Our greenfields exploration remains primarily focussed on gas markets in Australia and New Zealand . _ Perth Basin _ «Tarantula 1ST flowed gas the highest flow rates | Australia. _Surat/Bowen Basin «New gas field discovered at Ogitvie jes made by Evandra ; (il) (tight gas). : iderbalanced drilling t
Slide 13: Larger opportunities increasingly in offshore provinces
.....while larger opportunities are increasingly in offshore provinces Northland Basin »Two new exploration permits awarded in frontier Northland Basin with targe gas leads in both deep and shatlow waters. »Commitment is to acquire 2D and 3D seismic surveys. Acquisition of 206: Ee] kin: 470 kon Shea
Slide 14: Origin Energy and Contact Energy merger agreement
On 20 February 2006, Origin Energy and Contact Energy of entered into a merger agreement ¢ To create a trans-Tasman integrated energy group with « Over 2.6 million customers « Interests in around 3,000 MW of gross installed generation « An extensive portfolio of oil & gas exploration and production
Slide 15: Combining the business will create additional value
Combining the business will create additional value ..... ¢ Improvements in operational efficiency and strategic position ¢ Astronger financial position ¢ Enhanced opportunities for growth ...and by virtue of the terms of the merger Origin and Contact shareholders will receive the ongoing benefits o
Slide 16: Share price of Origin and Contact has tracked the merger ratio
Since the merger was announced the share price of Origin and Contact has generally tracked the merger ratio......... : Price (rebased to 100 as at 20 Feb 2096} 3 Contact/ Origin relative share price performance 20 Feb H a a a i a a H CEN -AS i a 4 26.0% 25.5% 25.0% 24.5% 24.0% 23.5% 23.0% Spot merge
Slide 17: Looking ahead, another busy year in the energy industry
Looking ahead we see another busy year in the energy industry...... headlines we may expect to see wat m Cong Queensland Government sells Gas and liquids seats 9s ; in Origin retail energy businesses 5... Basin boost € fa) . “meng "Ber PNG eu) Thylacine ‘ Geographe on li ge? cia oe S Dr je (Ors 5 me
Slide 18: Forward looking information disclaimer
Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect and these statements speak only.as of the date. of the announcement. This presentation should:not be-retied “upon as.a-recommendation.to buy or sell shares b
Slide 19: For more information
For more information For more information on Origin Energy please contact Angus Guthrie Manager, Investor Relations Email: angus.guthrie@originenergy.com.au Office: +61-2-8345 5558 Mobile: + 61-4-1786 4255 Alternatively visit our website www. originenergy,.com.au and follow the prompts to the Invest
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