AGL Energy Limited · ASX:AGL
AGL Energy — The Australian Gas Light Company — Macquarie Infrastructure & Utilities Conference 2003
11 slides from AGL Energy's conference presentation, May 6, 2003
Slide 1: Presentation to Macquarie Infrastructure & Utilities Conference
The Australian Gas Light Company Presentation to Macquarie Infrastructure & Utilities Conference Greg Martin, Managing Director 6 May 2003 SECTOR BUSINESS ENVIRONMENT Impacts Aust. Energy policy Industry consolidation Regulation is Global pressure on in transition is continuing here to stay capital
Slide 2: AGL Strategy and the AGL Proposition
AGL STRATEGY Ø Profits: capture full value Ø Portfolio: rationalise & reconfigure Ø Platform: complete & integrate core platform Ø People: build capabilities Focus & delivery on strategy ... THE AGL PROPOSITION Ø Positions of Market Leadership Ø Strong Financial Position Ø Strong Financial Performan
Slide 3: Australian Market Leadership Positions
AUSTRALIAN MARKET LEADERSHIP POSITIONS Gas Electricity Retail Customers 1.4 m 1.7 m • National portfolio of downstream Energy sales >150 PJ >22 000 GWh businesses (annual indicative) focussed on: - NSW - ACT Network Connections 879 000 270 000 - Victoria - SA Total Network 22 900 km 7 200 km Assets
Slide 4: NZ - NGC Positioning
NZ - NGC POSITIONING Ø Electricity Generation Trading Transmission Distribution Metering Retail Ø Gas Proc- Whole- Trans- Distrib- Prodn. Metering Retail essing sale mission ution Ø LPG Proc- Whole- Prodn. Distribution Retail essing sale Infrastructure - focussed energy services company ... THE AGL
Slide 5: Strong Financial Position; Managing the Portfolio
STRONG FINANCIAL POSITION Total Capital Ø Gearing at 42% • “A” credit rating Ø Following sale of affirmed TrustPower share holding, gearing will Debt Equity be below 40% Financial capacity for acquisitions ... MANAGING THE PORTFOLIO Core Related Non Core AUSTRALIA LD •TransACT SO • AGL Networks • WA
Slide 6: Earnings Performance
THE AGL PROPOSITION Ø Positions of Market Leadership Ø Strong Financial Position Ø Strong Financial Performance EARNINGS PERFORMANCE EPS excluding Significant Items 70 60 • Steady EPS Cents Per Share growth from 50 portfolio of assets 40 Full Year • Seasonality across 30 Half Year each financial yea
Slide 7: Cashflow; Dividend and Franking
CASHFLOW Operating Cash Flow Per Share 100 Cents Per Share 80 • Steady cash flow Full Year growth from 60 Half Year portfolio of assets 40 • Focus on cash management 20 /01 /02 /03 00 01 02 20 20 20 Portfolio contributes to operating cash flow ... DIVIDEND AND FRANKING Dividends Per Share • Consiste
Slide 8: Update on Current Year
UPDATE ON CURRENT YEAR Ø Business is tracking to our expectations • Financial & Ø Integrated energy proposition consolidated in Operating SE Australia performance in line with our expectations Ø Mass market competition - AGL experience continues to be in line with first half Capturing full value ...
Slide 9: Our Focus
OUR FOCUS Ø Current Business Operations w Business efficiencies and processes w Optimising Retail outcomes Ø Portfolio enhancement opportunities w Optimise business portfolio w Power Generation Growing Shareholder Value ... OUR FOCUS Ø Current Business Operations w Business efficiencies and processe
Slide 10: Why Power Generation?
WHY POWER GENERATION? Wholesale Electricity Market Dynamics Ø Substantial liquidity compared to requirements Ø Potential development of peaking plant Ø Low liquidity but well hedged in short/medium term Ø Hallett peaking plant Ø Interconnections improving Ø Relatively liquid Ø Continued demand growt
Slide 11: The Australian Gas Light Company
The Australian Gas Light Company Presentation to Macquarie Infrastructure & Utilities Conference Greg Martin, Managing Director 6 May 2003 11
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