AGL Energy Limited · ASX:AGL
AGL Energy — Corporate Update (April 2009)
26 slides from AGL Energy's corporate update, April 2009
Slide 1: AGL Hallett Wind Farm Portfolio Equity Investor Tour
AGL Energy Limited For personal use only AGL Hallett Wind Farm Portfolio Equity Investor Tour South Australia April 2009
Slide 2: Disclaimer
2 Disclaimer For personal use only The information in this presentation: › Is not an offer or recommendation to purchase or subscribe for securities in AGL Energy Limited or to retain any securities currently held. › Does not take into account the potential and current individual investment objectiv
Slide 3: Agenda
3 Agenda For personal use only › Wind Generation Overview Ken Woolley - General Manager, Power Development › Hallet 1 & 2 Construction Adam Mackett - Project Manager, Power Development › Future Site Developments Tim Knill – Project Manager, Power Development › Question & Answer » AGL Hallett Wind Fa
Slide 4: Required Renewables Growth
4 Required Renewables Growth For personal use only Expanded Renewable Energy Target (RET) Drives Growth 50000 Exisiting MRET Expanded RET › New federal Government Policy 45000 – by 2020 an additional 35,500 40000 GWh p.a. of renewable energy required to meet the target of 35000 45,000 GWh p.a. 30000
Slide 5: Wind – Global Capacity Growth
5 Wind – Global Capacity Growth For personal use only As the most proven, economically scaleable renewable, winds global growth continues exponentially Source: Global Wind Energy Council - Global Wind 2008 Report » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 6: Growth - Wind compared to other renewables
6 Growth - Wind compared to other renewables For personal use only Global installed base, gigawatts (GW) 220 2000 - 06 CAGR,1 % Ongoing global renewables growth 74 26 CAGR1 = +12% › ~$100 billion investment in Renewables in 2008 8 30 › ~30% of all new capacity addition is 110 renewable power 45 5 18
Slide 7: Key Development Success Factors
7 Key Development Success Factors For personal use only AGL Hallett wind farm portfolio achieves all critical success factors in wind farm developments › Wind resource › Land access (support by landowners) › Capital cost (materially more important than O&M costs): » Typical split of capital costs fo
Slide 8: Wind Capacity Factors - Global
8 Wind Capacity Factors - Global AGL Hallett portfolio delivers world leading wind resource For personal use only Actual Source: Macquarie Research Equities – Report Wind farmers (Europe) May 2008, BBW 2008 Annual Report, AGL live data & estimates » AGL Hallett Wind Farm Portfolio - Equity Investor
Slide 9: Wind Generation – Growth Pipeline
9 Wind Generation – Growth Pipeline For personal use only Developing a portfolio with strategic depth & optionality › Probable Projects: Projects which are under development with an approved budget and pending final investment decision › Possible Projects: Projects where AGL holds rights to the site
Slide 10: AGL Hallett 1 & 2 Construction
10 For personal use only AGL Hallet 1 & 2 Construction Adam Mackett » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 11: AGL Hallett
11 AGL Hallett 1 Wind Farm For personal use only Hallett 1 was officially opened June 2008 and is operational Wind Turbines: 45 x Suzlon S88 2.1 MW v3 Capacity: 94.5 MW Energy Output: 320,000 MWh per annum Performance (1 July 2008 to 13 March 2009): › Capacity Factor = 41.5% › Average Wind Speed = 8
Slide 12: AGL Hallett
12 AGL Hallett 1 Wind Farm For personal use only Tests after Completion: › Power Curve Guarantee Warranted Power Curve 2400 2200 2000 1800 1600 Power (kW) 1400 1200 1000 800 600 400 200 0 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0 24.0 26.0 28.0 Wind Speed (m/s) › Availability Guarantee:
Slide 13: AGL Hallett
13 AGL Hallett 2 Wind Farm For personal use only Hallett 2 is currently in construction and due for completion in late calendar 2009 Wind Turbines: 34 x Suzlon S88 2.1 MW v3 Capacity: 71.4 MW Energy Output: 255,000 MWh per annum Forecast Performance: › Capacity Factor = approx 40% › Average Wind Spe
Slide 14: AGL Hallett
14 AGL Hallett 2 Wind Farm For personal use only Construction of a wind farm involves four overlapping stages: 2008 2009 STAGE DESCRIPTION Jun08 Jul08 Aug08 Sep08 Oct08 Nov08 Dec08 Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 1 Civil works and foundations 2 Electrical works 3 Wi
Slide 15: AGL Hallett
15 AGL Hallett 2 Wind Farm For personal use only Stage 1 - Access roads and wind turbine hardstands » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 16: AGL Hallett
16 AGL Hallett 2 Wind Farm For personal use only Stage 1 - Wind turbine foundations including post tensioning and installation of rock anchors » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 17: AGL Hallett
17 AGL Hallett 2 Wind Farm For personal use only Stage 2 - Vermeer trenching for the underground 33kV Collector cable » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 18: AGL Hallett
18 AGL Hallett 2 Wind Farm For personal use only Stage 2 - Wind Farm 275kV Substation under construction » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 19: AGL Hallett
19 AGL Hallett 2 Wind Farm For personal use only Stage 3 - Installation of lower mid tower section » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 20: AGL Hallett
20 AGL Hallett 2 Wind Farm For personal use only Stage 4 - Installation of nacelle at wind turbine no.34 Completed turbine » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 21: Future Site Developments
21 For personal use only Future Site Developments Tim Knill » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 22: AGL Hallett
22 AGL Hallett 3 For personal use only Project Summary › 38 Turbines › Complex terrain › Challenging to build Project Status › Development Approval expected April › Ecology studies underway › Aboriginal heritage clearance underway › Investment decision scheduled 1HFY10 TURBINE LOCATION SITE BOUNDARY
Slide 23: AGL Hallett
23 AGL Hallett 4 For personal use only Project Summary › 63 turbines › 132.3 MW capacity › New 33kV/275kV substation Project Status › Board approved › All permits and authorisations received › EPC Contract executed with Suzlon › Construction completion 1HFY12 TURBINE LOCATION SITE BOUNDARY » AGL Hal
Slide 24: AGL Hallett
24 AGL Hallett 5 For personal use only Project Summary › up to 25 turbines › Connection into Hallett Stage 4 substation › Good constructability Project Status › Development approval for wind farm received › Export power line requires DA › No connection enquiry to date TURBINE LOCATION › Investment d
Slide 25: Question & Answer
25 For personal use only Question & Answer » AGL Hallett Wind Farm Portfolio - Equity Investor Tour » April 2009 » AGL External
Slide 26: Further Information / Contacts
26 Further Information / Contacts For personal use only A range of information on AGL Energy Limited including ASX & Media Releases, Presentations, Financial Results, Annual Reports and Sustainability Reports is available from our website: www.agl.com.au alternatively, contact: Graeme Thompson Head