AGL Energy Limited · ASX:AGL
AGL Energy — Investor Day (May 2015)
6 slides from AGL Energy's investor day presentation, May 26, 2015
Slide 1: Performance measures & outlook
Performance 1 measures & outlook Brett Redman
Slide 2: Financial scorecard
Financial scorecard 2 Eight initiatives will be reported, commencing with full year results. 1 › One-off cash flow benefit from optimising working capital and asset sales 2 › Recurring free cash flow benefit through transformation 3 › Cost of generation ($/MWh) 4 › EBIT per customer > Performance me
Slide 3: Financial scorecard (continued)
Financial scorecard 3 (continued) 5 › New Energy – Break-even by 20181 6 › New Energy – Smart connections 7 › New Energy – Revenue growth 8 › Return on Funds Employed – Leading indicator for TSR 1. New Energy business unit as previously reported including solar and > Performance measures & outlook m
Slide 4: Additional cash available
Additional cash available 4 For growth, debt repayment and/or distribution to shareholders. Growth capex - including acquisitions ($ billion) 4.0 3.5 3.0 2.5 2.0 1.5 1.0 Upstream Gas Under review 0.5 0.0 FY11 FY12 FY13 FY14 FY15 Fcst FY16 Fcst New Energy Merchant Solar Funding Upstream Gas Acquisiti
Slide 5: Looking ahead
Looking ahead 5 AGL well placed to respond to and manage industry challenges. › Expectation that electricity, gas and REC wholesale prices will rise modestly › Higher retail margins targeted however competition to remain intense › Retail markets change and AGL response ongoing: » Average consumer el
Slide 6: FY15 Outlook
FY15 Outlook 6 Guidance reconfirmed. › Guidance range of $575-$635 million reconfirmed1,2 » Result expected to be in the top half of the range » Consumer volumes tracking in line with expectation » Generation volumes above expectation with some wholesale price improvement » Better than expected perf