Agl Energy Limited · ASX:AGL
Agl Energy — Natural Gas — Investor Presentation (March 2002)
37 slides from Agl Energy's investor presentation, Mar 20, 2002
Slide 1: Winning in New Zealand
Phil James Chief Executive Officer Winning in New Zealand 20/03/02
Slide 2: Natural Gas Corporation
Natural Gas Corporation 20/03/02
Slide 3: Overview
overview good growth prospects great continuing businesses an early return to profitability 20/03/02
Slide 4: Continuing businesses
Overview continuing businesses 20/03/02
Slide 5: Continuing businesses
Overview continuing businesses • Processing EBITDA 1 EBIT 1 ROFE 2 Asset • Transmission Management $43.2m $35.7m 16.1% • Distribution • Generation 1 2 NGC half year results 31/12/01 ROFE - extrapolated return based on half year results 31/12/01 20/03/02
Slide 6: Continuing businesses
Overview continuing businesses • Processing EBITDA 1 EBIT 1 ROFE 2 Asset • Transmission Management $43.2m $35.7m 16.1% • Distribution • Generation • LPG Energy • Metering $27.7m $19.7m 12.2% Services • Retail Services • Utilisation 1 2 NGC half year results 31/12/01 ROFE - extrapolated return based
Slide 7: Continuing businesses
Overview continuing businesses • Processing EBITDA 1 EBIT 1 ROFE 2 Asset • Transmission Management $43.2m $35.7m 16.1% • Distribution • Generation • LPG Energy • Metering $27.7m $19.7m 12.2% Services • Retail Services • Utilisation • Gas Wholesale • Electricity Energy $121.4m $69.0m 13.4% • Energy S
Slide 8: Asset Management
Asset Management 20/03/02
Slide 9: Significant operations
Asset Management significant operations Transmission • 2,500 km high pressure pipelines • 90 PJ throughput Distribution • 2,640 km distribution networks • 10 PJ throughput Processing • 61,000 tonnes liquids • 4-8PJ natural gas Generation • Interests of 455 MW (3,600 GWh) • Plant availability over 90
Slide 10: North Island focus
Asset Management north island focus Transmission Southdown CoGen Distribution Kapuni GTP Kapuni CoGen Taranaki CCGT Cobb Hydro 20/03/02
Slide 11: Gas transmission
Asset Management gas transmission • sales volumes up 18%… 80 PJ 62.8 60 52.9 40 20 0 2000 2001 20/03/02
Slide 12: Gas distribution
Asset Management gas distribution • sales volumes up 4.2%… 6 PJ 4.9 4.7 4 2 0 2000 2001 20/03/02
Slide 13: Gas sector review
Asset Management gas sector review • ACIL discussion paper… • review of valuation methodology… • ownership separation... 20/03/02
Slide 14: Energy Services
Energy Services 20/03/02
Slide 15: LPG business
Energy Services lpg business • expanding market... • national brand focus... 20/03/02
Slide 16: LPG market share
Energy Services lpg market share NGC 27.0% Rockgas 47.6% Shell 21.9% Todd wholesale market: 128,000 tonnes 3.5% 20/03/02
Slide 17: Gas liquids
Energy Services gas liquids • sales up 19.4%… 80 ‘000 tonnes 68.8 57.6 60 40 20 0 2000 2001 20/03/02
Slide 18: Metering business
Energy Services metering business • growth by acquisition... +20% 20/03/02
Slide 19: Metering business
Energy Services metering business • leveraging the cost base... +41% 3.6 8.8 20/03/02
Slide 20: Wholesale Energy
WEWholesale Energy Taranaki North Island 20/03/02
Slide 21: Natural gas market
Wholesale Energy natural gas market NGC Methanex Contact/Other annual gas sales: 230PJ 20/03/02
Slide 22: Natural gas
Wholesale Energy natural gas Industrial 21.6% Commercial 5.2% Electricity/ Petrochemicals Residential 5.2% 54.2% Transmission/ KGTP 1.3% Gas Liquids 3.8% Other Retailers 8.7% annual gas sales: 60PJ+ 20/03/02
Slide 23: Power generation
Wholesale Energy power generation Other 2.8% NGC 9.7% Trustpower Contact 4.1% 23.1% Mighty River Power 11.5% Genesis Meridian 32.8% 16.0% annual generation: 36,600 GWh 20/03/02
Slide 24: Natural gas
Wholesale Energy natural gas • sales volumes up 22%… 40 PJ 35.2 28.8 30 20 10 0 2000 2001 20/03/02
Slide 25: Electricity
Wholesale Energy electricity • generation sales up 13%… 2,000 GWh 1,812 1,608 1,500 1,000 500 0 2000 2001 20/03/02
Slide 26: Hydro capacity
Wholesale Energy hydro capacity 4500 4000 3500 3000 2500 GWh 2000 1500 1000 500 0 1/01 1/02 1/03 1/04 1/05 1/06 1/07 1/08 1/09 1/10 1/11 1/12 Mean 2002 2001 2000 20/03/02
Slide 27: Electricity pool price
Wholesale Energy electricity pool price Average Daily Prices at Haywards $450 $400 $350 $300 2000 $/MWh $250 2001 $200 2002 $150 $100 $50 $0 1 2 3 4 5 6 7 8 9 0 1 2 /0 /0 /0 /0 /0 /0 /0 /0 /0 /1 /1 /1 01 01 01 01 01 01 01 01 01 01 01 01 20/03/02
Slide 28: Key issues
Wholesale Energy key issues • maui reserves redetermination… • generation development… • wholesale gas business growth... 20/03/02
Slide 29: Development plan
Wholesale Energy development plan • generation strategy announced… • enhance NGC’s wholesale energy business • engage potential partners • capture development site value • leverage gas assets 20/03/02
Slide 30: Producing gas fields
Wholesale Energy producing gas fields Taranaki North Island 20/03/02
Slide 31: Gas production
Wholesale Energy gas production Ngatoro 0.6% TAWN 4.3% Kaimiro 0.3% McKee 3.8% Kapuni 10.6% Maui 80.4% total annual production: 230PJ 20/03/02
Slide 32: Gas reserves
Wholesale Energy gas reserves Rimu 1.4% Developed Kupe 10.5% Undeveloped Maui 32.1% Pohukura 35.0% Kapuni 11.4% Other 0.4% Mangahewa 4.2% Estimated 2855 PJ McKee 1.9% TAWN 3.1% 20/03/02
Slide 33: Generation sources
Wholesale Energy generation sources Maximum Productive Capability 60,000 50,000 40,000 GWh pa 30,000 20,000 10,000 - 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 20/03/02
Slide 34: Generation sources
Wholesale Energy generation sources Maximum Productive Capability 60,000 50,000 40,000 GWh pa 30,000 20,000 10,000 - 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 20/03/02
Slide 35: Future Prospects
Future Prospects 20/03/02
Slide 36: Future prospects
Future Prospects future prospects • well equipped to grow… • sound financial base • quality assets • strong contractual relationships • robust management systems • skilled and experienced people 20/03/02
Slide 37: Natural Gas Corporation
Natural Gas Corporation 20/03/02