Origin Energy Ltd Ord (OGFGF) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, good morning, everyone. It's Frank Calabria here, and welcome to the Origin half-year results presentation. I'm joined here today by the executive leadership team of Origin, and the format this morning will be consistent with prior reporting periods. You'll hear from both me and Laurie Tremayne, and then very happy to open up to questions for the team and myself. Just turning to the presentation, therefore, going to slide four, and so our key messages for this half-year result. Firstly, consistent with the release that we sent out this morning, just to let you know that the consortium has substantially completed due diligence and active engagement continues in relation to the submission of a binding proposal, and we will continue to keep shareholders updated, and it's contained in the release, what we sent out today. Origin is well-placed to capture value from the energy transition, and so in this presentation, we've given information as to how We think a bit about that and it sits across three aspects. It's through a combination of an advantage portfolio. We are positioned for growth through a number of businesses and further, we represent a platform for transition investment and we set out some of that on the following slide. We continue to execute our strategy and we have a clear ambition and strategy that we're executing at pace. You would have noticed that we two weeks ago upgraded our guidance for energy markets for the financial year 23. And our medium term earnings recovery is on track and we'll go through that today. And even since the upgrading of that guidance, we've continued to see a strengthening and an improvement in operating and trading conditions, including performance here and with Octopus. And we now expect to be at the high end range of our...