Origin Energy Limited · ASX:ORG
Origin Energy — Investor Presentation (December 2014)
7 slides from Origin Energy's investor presentation, Dec 11, 2014
Slide 1: Update on Amended Loan Facilities and APLNG
Origin Energy Investor Presentation - Update on Amended Loan Facilities and APLNG Grant King, Managing Director 11 December 2014
Slide 2: Forward looking statements
Forward looking statements This p presentation contains forward lookingg statements, including g statements of current intention, statements of opinion p and p predictions as to possible future events. Such statements are not statements of fact and there can be no certainty of outcome in relation to
Slide 3: Origin announces amended bank loan facilities with reduced interest cost and extended maturity
Origin announces amended bank loan facilities with reduced interest cost, extension to loan maturity and $750 million facility upsize, and confirms fi no requirement i t tto raise i equity it Origin Debt & Bank Guarantee Maturity Profile • Bank loan interest rate margin of entire bank facility as at
Slide 4: APLNG economics remain robust in current oil price environment
APLNG economics remain robust in current oil price environment Consistent with prior guidance, APLNG’s underlying economics are based on the following assumptions on project cash costs during steady state operations: • Volumes • 8.6 mtpa contracted at JCC linked prices – around 470 PJ pa of sales ga
Slide 5: Origin expects share of APLNG distributable cash flow to exceed A$900 million per annum
At current forward oil curves, Origin expects its share of distributable cash flow from APLNG to exceed A$900 million1 per annum on average from FY2017 US$ A$ Brent Forward Curve (US$/bbl) Brent Forward Curve (A$/bbl) 140 140 130 130 APLNG steady state operations APLNG steady state operations 120 12
Slide 6: Project transitions from construction to steady state operations over FY2015 and FY2016
As the project transitions from construction to steady state operations over FY2015 and FY2016, Origin’s estimated remaining cash contributions are b basedd on conservative ti assumptions ti on li liquidity idit andd deliverability d li bilit • Guidance for Origin Origin’s s FY2015 cash contribution
Slide 7: Thank you
THANK YOU For more information Chau Le Group Manager Manager, Investor Relations Email: [email protected] Office: +61 2 9375 5816 Mobile: + 61 467 799 642 www.originenergy.com.au 7|
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