Centrica Plc · LSE:CNA

Centrica — Shareholder Meeting (April 2016)

24 slides from Centrica's shareholder meeting presentation, Apr 18, 2016

  1. Slide 1: Centrica plc Annual General Meeting 18 April 2016

    Centrica plc Annual General Meeting 18 April 2016

  2. Slide 2: Rick Haythornthwaite, Chairman

    Rick Haythornthwaite Chairman

  3. Slide 3: Live camera on Rick Haythornthwaite

    • LIVE CAMERA ON RICK HAYTHORNTHWAITE 3

  4. Slide 4: Live camera on individual directors as introduced by the Chairman

    • LIVE CAMERA ON INDIVIDUAL DIRECTORS AS THEY ARE INTRODUCED BY THE CHAIRMAN 4

  5. Slide 5: Live camera Rick Haythornthwaite starts

    • LIVE CAMERA RICK HAYTHORNTHWAITE STARTS 5

  6. Slide 6: Iain Conn, Chief Executive

    Iain Conn Chief Executive

  7. Slide 7: Live camera Iain Conn starts

    • LIVE CAMERA IAIN CONN STARTS 7

  8. Slide 8: Our purpose

    Our purpose We are an energy and services company. Everything we do is focused on satisfying the changing needs of our customers. 8

  9. Slide 9: Our strategy

    Our strategy  Long term shareholder value through returns and growth  3-5% per annum operating cash flow growth  Growth focus on customer-facing businesses in five key areas: – Energy Supply, Services, Connected Home, Distributed Energy & Power, Energy Marketing & Trading  Reduce scale and stren

  10. Slide 10: 2015 operational performance

    2015 operational performance  Operating performance generally strong  Slightly weaker safety performance  Price responsiveness in UK energy supply  Improved customer service levels, net promoter scores, complaints  High levels of oil and gas production  Good power plant availability 10

  11. Slide 11: 2015 financial performance

    2015 financial performance  Adjusted earnings down 4%, EPS 17.2p  Operating profit in energy supply & services up 19%  Operating cash flow of £2.25bn, up 2%  Capital discipline  Net debt down 9% to £4.7bn  Exceptional items of £1.8bn post-tax 11

  12. Slide 12: 2016 trading update

    2016 trading update  Good progress against strategic priorities  On track to deliver 2016 financial targets  Net Debt end 1Q of £4.4bn  Further improvements in customer metrics  UK Home energy supply accounts down 1.5% as contracts roll-off  Good operational performance and new product offerin

  13. Slide 13: Group priorities

    Group priorities  Safety, Compliance and Conduct  Customer Satisfaction and Operational Excellence  Cashflow Growth and Strategic Momentum  Cost Efficiency and Simplification  People and Building Capability 13

  14. Slide 14: Safety, compliance & conduct

    Safety, compliance & conduct 14

  15. Slide 15: Customer satisfaction & operational excellence

    Customer satisfaction & operational excellence 15

  16. Slide 16: Cash flow growth & strategic momentum

    Cash flow growth & strategic momentum  Resilience in current environment 3-5%  Tested Group at $35/bbl, 35p/th, £35/MWh  Sources and uses of cash more than balanced  Confident in delivery of 3-5% p.a. operating cash flow growth 2015 2015 2020 2020 strategic re-based to strategic at  Progressive

  17. Slide 17: Cost efficiency & simplification

    Cost efficiency & simplification  Further cost reductions in E&P Controllable costs ~£100m ~£200m  Deliver £200 million of savings in 2016  2016 direct headcount reduced by around 3,000 £5.0bn  On track to deliver cost reduction 5 £4.9bn target of £750 million 4.9  Progressing wind divestments

  18. Slide 18: People & building capability

    People & building capability 18

  19. Slide 19: Summary

    Summary  Long term shareholder value through returns and growth  2015 - resilient financial performance  On track to deliver 2016 targets and expectations  Sources and uses of cash more than balanced  Confident in delivery of 3-5% p.a. operating cash flow growth  Progressive dividend policy 

  20. Slide 20: Live camera on Rick Haythornthwaite starts

    • LIVE CAMERA ON RICK HAYTHORNTHWAITE STARTS 20

  21. Slide 21: Resolutions

    RESOLUTIONS 1. Report and Accounts 2. Remuneration Report 3. Dividend 4. Election of Directors - Jeff Bell 5. Election of Directors - Mark Hodges 6. Re-election of Directors - Rick Haythornthwaite 7. Re-election of Directors - Iain Conn 8. Re-election of Directors - Margherita Della Valle 9. Re-elec

  22. Slide 22: Resolutions

    RESOLUTIONS 13. Re-election of Directors - Carlos Pascual 14. Re-election of Directors - Steve Pusey 15. Re-appointment of Auditors 16. Auditors’ remuneration 17. Political donations 18. Technical breach of borrowing limit 19. Authority to allot shares 20. Authority to disapply pre-emption rights 21

  23. Slide 23: Live camera on Rick Haythornthwaite

    LIVE CAMERA ON RICK HAYTHORNTHWAITE 23

  24. Slide 24: Annual General Meeting 18 April 2016

    ANNUAL GENERAL MEETING 18 APRIL 2016 Please put your completed Poll Card in one of the boxes on your way out of the meeting room. 24

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