Agl Energy Limited · ASX:AGL
Agl Energy — Corporate Update (February 2025)
32 slides from Agl Energy's corporate update, Feb 26, 2025
Slide 1: Newcastle Community Dialogue Group
Newcastle Community Dialogue Group Wednesday, 26 February 2025
Slide 2: Acknowledgement of Country
We are meeting today in the Hunter Region of New South Wales on the lands of the Worimi People. We acknowledge the Worimi People as the Traditional Custodians of this land 2 and pay our respects to their Elders past and present.
Slide 3: Agenda
Agenda 1 Open and welcome, apologies, declarations, previous minutes, business arising and correspondence 4 Tomago Battery Project Update 2 Newcastle Gas Storage Facility latest news 5 General business, next meeting and close 3 AGL Update Newcastle Community Dialogue Group | 26 February 2025 3
Slide 4: NGSF Update
NGSF Update Open and welcome, apologies, declarations, previous minutes, business a rising and correspondence • No major incident, MTIs or LTIs • Tank level 1,090 TJ • Filling to re-commence on 3 March • Planned maintenance activities completed 4 Newcastle Community Dialogue Group | 26 February 2025
Slide 5: Environment update – personnel
Environment update – personnel Open and welcome, apologies, declarations, previous •minutes, business Regulator visita(EPA) risingto and correspondence NGSF on 13 February o Routine – every two years • Upcoming visits: o AGL's HSE Risk, Governance and Assurance advisor would like to visit in March/A
Slide 6: Environment update – biodiversity
Environment update – biodiversity Open and welcome, apologies, declarations, previous •minutes, Weedbusiness a rising and correspondence management o Sections of Old Punt Road are overgrown – mowing request submitted o Trees along edges of pipeline ROW, blocking signage o Minor infestations (lantana
Slide 7: Environment update - biodiversity
Environment update - biodiversity Open and welcome, apologies, declarations, previous •minutes, business a rising and correspondence Feral deer o AGL has commissioned Cool Burn to advise on feral deer management across: ▪ NGSF ▪ Medowie Offset property o We propose to: ▪ Understand our impacts ▪ Det
Slide 8: Environment update – bushfire cameras
Environment update – bushfire cameras Open and welcome, apologies, declarations, previous minutes, business a rising and correspondence o Trials at our Loy Yang power station (Melbourne) have not progressed to the point of making an informed choice o Going out to market to pursue other trials from a
Slide 9: Environment update – water monitoring
Environment update – water monitoring (Amelia) • Groundwater and surface water sampling completed in accordance with the Operations Water Management Plan • Most recent monitoring conducted in September 2024 and results discussed at last CDG • Review of ongoing monitoring program requirements complet
Slide 10: AGL in the Community
AGL in the Community Jo Ferguson – Manager Community Relations 10
Slide 11: Connecting to Country
Connecting to Country 11
Slide 12: 2024 Deadly Awards
2024 Deadly Awards Local Youyoong AECG annual Deadly Awards recognises the achievement of Aboriginal students who have excelled in fields of learning, sport or leadership. Staff who have made a special contribution are also honoured. Youyoong is a Worimi word meaning ‘to go further’. 12
Slide 13: Natural Disaster Declaration in Port Stephens
Natural Disaster Declaration in Port Stephens
Slide 14: AGL School Lunchbox Program
AGL School Lunchbox Program Food insecurity in Australia has reached a critical point. Almost half of low-income households have faced food insecurity in 2024, the worst the situation has been since the cost-of-living crisis began. Our support provides families in need in the Port Stephens area with
Slide 15: Supporting prosperity of our communities
Supporting prosperity of our communities Events help communities show off their tourism, boost the economy, and create a lively atmosphere. They attract loyal visitors and bring opportunities for tourism, trade, and investment to local areas. Newcastle Fringe Festival Newcastle Show 15
Slide 16: AGL Update
AGL Update Newcastle Community Dialogue Group | 1 June 2023 16
Slide 17: FY25 Half-Year Results
FY25 Half-Year Results 12 February 2025
Slide 18: Strong financial performance; continued execution on strategy and decarbonisation plan
Strong financial performance; Continued execution on business strategy and decarbonisation plan Targeting Final Investment Decisions for 1.4 GW of grid-scale battery projects over the next 12-18 months • Strong earnings result in line with expectations • Increased earnings and value captured from fl
Slide 19: Fully franked dividend and on track to deliver FY25 guidance
Fully franked dividend and on track to deliver FY25 guidance • Underlying EBITDA down 1% to $1,068 million; Underlying NPAT down 7% to $373 million • Underlying EBITDA broadly flat on prior corresponding period due to increased earnings and value captured from flexibility in the portfolio, offset by
Slide 20: Improvement in safety performance; CSAT and employee engagement steady
Improvement in safety performance; CSAT and employee engagement scores remain steady Safety Customers People Total Injury Frequency Customer Satisfaction Employee engagement Rate (TIFR)1 (per million (CSAT)2 score hours worked) 72% 72%3 80.5 80.1 80.6 67% 79.8 3.5 57% 2.8 2.8 2.1 +3 FY22 FY23 FY24 1
Slide 21: Our investment in flexibility and availability is continuing to deliver value
Our investment in flexibility and availability is continuing to deliver value Flexible fleet capacity 1 is 7.6 GW with Our investment in our thermal 2 assets has improved additional 1.4 GW of targeted FID’s in FY25/26 availability over time despite a drop in 1HY25 (Reflecting the major outage cycles
Slide 22: Our development pipeline has grown to 7 GW
Our development pipeline has grown to 7 GW, with new firming options added following acquisitions PROJECT TYPE STATUS CAPACITY/DURATION • The rapid growth in size and maturity of IN OPERATION: 300 MW AGL’s development options has laid a solid Torrens Island Battery (SA) Firming In operation 250 MW /
Slide 23: Clear pathway to FID for 1.4 GW of batteries in the next 12-18 months
Clear pathway to FID for 1.4 GW of batteries in the next 12-18 months Targeting FID on 1 GW of battery projects in CY25 • The projects are expected to deliver post tax project returns of between 7 and 11%1 • The projects are expected to be funded on balance sheet, with AGL’s cashflows, strong liquid
Slide 24: 500 MW Liddell Battery on track for early 2026
500 MW Liddell Battery on track for early 2026 250 MW expected to be operational in early 2026; remaining 250 MW expected by April 2026 500 MW / 1,000 MWh Grid-forming battery with a 20-year asset life. Fluence is the EPC provider. Commencement of operations expected in early 2026 ~30% complete with
Slide 25: Priorities for FY 2025
Priorities for FY 2025 Helping our customers decarbonise the way they live, Customers move and work while transforming our retail business. Portfolio Developing our renewable and firming capacity pipeline, including repurposing our existing thermal sites into energy hubs Running our business excepti
Slide 26: Tomago Battery Project
Tomago Battery Project 500MW/2000MWh (4 hours duration) 33
Slide 27: Tomago Battery approval timeline
Public SSD AGL RTS EIS Submission Exhibition 28 Approval Construction Operational Response 30 16 Nov 2023 days to 13 8 Nov Q2 2026-2028 from 2028 June 2024 Dec 2023 2024 CONFIDENTIAL | Newcastle Community Dialogue meeting |25 February 2025
Slide 28: Proposed Amendments
Proposed Amendments AGL seeks to amend: • Condition B1: increase heavy vehicle movements (requiring escort) – currently a maximum of 12 during construction, upgrading and decommissioning. Update Addendum TIA • Condition B28: enable staging (Condition C3) of FSS so that approval of the final FSS for
Slide 29: Post Approvals Requirements
Post Approvals Requirements Conditions of Consent includes completion/preparation of: • a new access point off Old Punt Road • an independent dilapidation survey • detailed plans of final layout & commencement dates • Traffic management plan in consultation with TfNSW • Biodiversity Management Plan
Slide 30: Tomago Battery Site Weed Management
Tomago Battery Site Weed Management • Council notified AGL of an outbreak of a high priority weed (Groundsel Bush) via email on 30 Sept 2024 • Site inspection with Council, AGL and AGL engaged ecologist (Coolburn) undertaken on 8 Oct 2024 • Worimi Green Team operations manager Ray McMillan inspected
Slide 31: Questions
Questions \l L —— ag| Join the change 38
Slide 32: Thankyou!
Thankyou! NYA rr ag| Join the change 39