AGL Energy Limited · ASX:AGL
AGL Energy — The Australian Gas Light Company — H1 FY2003 Earnings Presentation
6 slides from AGL Energy's earnings presentation, February 2003
Slide 1: The Australian Gas Light Company Half Year Results Supplementary Information
The Australian Gas Light Company Half Year Results 1 July 2002 - 31 December 2002 Supplementary Information
Slide 2: Profit Analysis
SUPPLEMENTARY INFORMATION Profit Analysis December 2001 December 2002 Before Significant Total Before Significant Total Significant Items Significant Items Items $m $m $m Items $m $m $m EBITDA 427.0 (80.9) 346.1 531.0 3.5 534.5 DA (114.5) - (114.5) (136.8) - (136.8) EBIT 312.5 (80.9) 231.6 394.2 3.5
Slide 3: Significant Items
SUPPLEMENTARY INFORMATION Significant Items December 2001 December 2002 Before Tax After Before Tax After Tax Tax Tax Tax $m $m $m $m $m $m Profit on Breakfast - - - 13.5 (0.3) 13.2 Point Sale Writeoff COMindico - - - (10.0) - (10.0) Losses & Writedown – NGC (35.9) 11.9 (24.0) - - - Losses & Writeof
Slide 4: Segment EBIT Analysis
SUPPLEMENTARY INFORMATION Segment EBIT Analysis December 2001 December 2002 Operating Significant Total Operating Significant Total Profit Items Profit Items $m $m $m $m $m $m Energy Networks Ø Gas 85.7 - 85.7 80.1 - 80.1 Ø Electricity 28.1 - 28.1 28.7 - 28.7 Agility 19.0 - 19.0 25.6 - 25.6 Energy S
Slide 5: EBITDA/Cash Flow Reconciliation
SUPPLEMENTARY INFORMATION EBITDA/Cash Flow Reconciliation $m EBITDA 534.5 Working capital movements (46.2) Equity accounting adjustments (9.5) Tax expense/payments (45.7) Borrowing costs expense/payments (91.0) Non current asset disposals/writeoff (3.3) Net Operating Cash Flow 338.8
Slide 6: Funds Employed
SUPPLEMENTARY INFORMATION Funds Employed 2001 2002 $m $m Energy Networks 2017 2033 Agility (17) (3) ES&M 322 1297 Investments 370 350 LPG 110 100 Other (inc. Chile) 453 676 Sub-total 3255 4453 New Zealand 1439 1378 TOTAL 4694 5831
The Australian Gas Light Company — H1 FY2003 Earnings Presentation on 6ix