Centrica Plc · LSE:CNA
Centrica — Shareholder Meeting (May 2013)
13 slides from Centrica's shareholder meeting presentation, May 13, 2013
Slide 1: Annual General Meeting 13 May 2013
Annual General Meeting 13 May 2013
Slide 2: Sir Roger Carr, Chairman
Sir Roger Carr Chairman INTEGRATED ENERGY centrica
Slide 3: Sam Laidlaw, Chief Executive
Sam Laidlaw centrica Chief Executive INTEGRATED ENERGY
Slide 4: Health, Safety & Environment
Health, Safety & Environment • Process safety. Training, monitoring and assurance • Loss Time Injury rate down 20% to 0.2 per 100,000 hours worked • CO2 emissions down from 8.4 million tonnes to 7.4 million
Slide 5: Grow British Gas
Grow British Gas • Stable British Gas Residential profits; simpler, clearer bills. • British Gas Services profits up 34%; high customer retention • Investment in new British Gas Business systems and management team • On track to deliver £300m cost savings • Leadership is systems, online and Smart
Slide 6: Deliver value from our growing upstream business
Deliver value from our growing upstream business • Gas & oil: o established significant Norwegian business o reserves and production up 50% o cash generation doubled • Leader in offshore wind power • Optimisation of gas-fired fleet • Strong nuclear output and life extensions
Slide 7: Build an integrated North American business
Build an integrated North American business • DE operating profit up 55%; US downstream profit up 72% • US customers numbers up 75% • Return on capital up from 9% to 13% • Upstream production up 53%; resource base trebled
Slide 8: Drive superior financial returns
Drive superior financial returns • Earnings before interest, tax, depreciation and amortisation up to £4.0bn from £2.6bn • Earnings per share up 25%; Dividends per share up 28% • Total shareholder return 36% (FTSE 100: 21%)
Slide 9: The external environment is evolving
The external environment is evolving • Gas: o UK more reliant on imports; LNG increases exposure to global markets o North America shale brings lower prices and export opportunities • UK power: o New investment depends on regulatory outcomes • Downstream: o UK affordability focus; efficiency and tec
Slide 10: Our refreshed strategic priorities
Our refreshed strategic priorities • OUR VISION to be the leading integrated energy company with customers at our core • INNOVATE to drive growth and service excellence • INTEGRATE our natural gas business, linked to our core markets • INCREASE our returns through efficiency and continued capital di
Slide 11: What these priorities mean
What these priorities mean • INNOVATE – Share technology and new propositions across the Atlantic, building on our leading positions • INTEGRATE – Invest for value in E&P, notably in North America, and limit capital employed in power • INCREASE – Drive operational and cost efficiency, invest for val
Slide 12: New organisational structure
New organisational structure • International Downstream – Chris Weston – Share ideas, expertise and best practice across markets • International Upstream – Mark Hanafin – Bringing together our E&P teams and expertise across the Atlantic
Slide 13: Dividend per share growth
Dividend per share growth 18 DPS (p) 16 14 12 10 8 6 4 2 0 1999 2001 2003 2005 2007 2009 2011