Origin Energy Limited · ASX:ORG
Origin Energy — Shareholder Meeting (October 2005)
52 slides from Origin Energy's shareholder meeting presentation, Oct 20, 2005
Slide 1: Annual General Meeting
Annual General Meeting 20 October 2005
Slide 2: The Board: Roland Williams
The Board Roland Williams Non-executive Director Page 2
Slide 3: The Board: Bruce Beeren
The Board Bruce Beeren Non-executive Director Page 3
Slide 4: The Board: Grant King
The Board Grant King Managing Director Page 4
Slide 5: Company Secretary
Company Secretary Bill Hundy Company Secretary Page 5
Slide 6: The Board: Helen Nugent
The Board Helen Nugent Non-executive Director Page 6
Slide 7: The Board: Colin Carter
The Board Colin Carter Non-executive Director Page 7
Slide 8: The Board: Trevor Bourne
The Board Trevor Bourne Non-executive Director Page 8
Slide 9: Slide 9
Slide 10: Financial Statements
Financial Statements
Slide 11: Chairman's Address
Chairman’s Address
Slide 12: Origin's financial highlights
Origin’s financial highlights • Profit after tax up 30% per Origin Energy Share Price and Comparative Performance annum to $266 million (indicies normalised at 1 on 1 July 2004) $8.00 1.7 • Earnings per share up 24% $7.00 1.6 per annum to 37.2 cps Share Price ($ per share) $6.00 19 Oct '05 1.5 Relat
Slide 13: Acquired controlling interest in Contact Energy
Acquired controlling interest in Contact Energy Page 13
Slide 14: Major projects
Major projects Capital expenditure during the year excluding acquisitions was $507 million, and included expenditure on growth projects such as • Major Exploration and Coal seam gas (CSG) Production projects Perth Basin - BassGas - Otway Gas Kupe Gas Field - Kupe (New Zealand) Carnarvon Basin - Coal
Slide 15: Growth funded with a mixture of equity and debt
Growth has been funded with a mixture of equity and debt • $633 million raised by a one-for-six Renounceable Rights Issue in April • NZ$422 million and US$50 million into the US private placement debt market in June Page 15
Slide 16: Slide 16
Slide 17: Health, safety & environment
Health, safety & environment • Lost Time Injury Frequency Rate improved from 2.6 to 2.36 injuries per million hours worked • Safety remains a key focus • Sustainability Report sent to Stakeholders in May Page 17
Slide 18: Slide 18
Slide 19: Operational focus will be to bring a number of projects to fruition
Operational focus will be to bring a number of projects to fruition • Commencement of commercial operation of the BassGas Project • Completion of the Otway Gas Project • Ongoing engineering and planning work on the Kupe Gas Project in New Zealand • Planning and approval of major power generation pro
Slide 20: Slide 20
Slide 21: Managing Director's Address
Managing Director’s Address
Slide 22: Annualised Total Shareholder Return (%)
Page 22 Annualised Total Shareholder Return (%) 0% 25% 50% 75% 100% Caltex Australia Limited Origin Energy Limited Alinta Limited* Foodland Associated Wesfarmers Limited Santos Limited Woolworths Limited CSR Limited Boral Limited Woodside Petroleum Limited Transurban Group Orica Limited Lion Nathan
Slide 23: The Executive Management Team has been reorganised
The Executive Management Team of Origin has been reorganised Managing Director & CEO Grant King Chief Operating Officer Executive General Manager Executive General Manager, Australia Chief Executive Exploration Major Development Projects Contact Energy Karen Moses Rob Willink Andrew Stock David Hunt
Slide 24: BassGas Project
BassGas Project Progress on the BassGas Project has been challenging and Origin is resolutely addressing these issues Onshore plant at Lang Lang, Victoria The Yolla A Platform, Bass Strait, during installation Page 24
Slide 25: Spring Gully Coal Seam Gas Project
Spring Gully Coal Seam Gas Project The Spring Gully Coal Seam Gas Project, near Roma in central Queensland, has been developed on time and on budget Page 25
Slide 26: The Otway Gas Project
The Otway Gas Project The Otway Gas Project near Port Campbell in south west Victoria is targeting first gas delivery by the end of this financial year Platform Platform Location Location Port Port Campbell Campbell Onshore Onshore Pipeline Pipeline Route Route Existing Existing gas gas storage stor
Slide 27: Kupe Gas Project
Kupe Gas Project Engineering design for the Kupe Gas Project in New Zealand is complete, with final the investment decision expected early in 2006 Sales gas pipeline to Kapuni Kupe Wellhead Platform Condensate and LPG export by • Unmanned platform road tanker (operated from shore) • 6 wells Kupe Pro
Slide 28: Contact Energy
Contact Energy Origin’s results for the last financial year included a nine month contribution from Contact Energy in New Zealand. Page 28
Slide 29: Retail
Retail Origin’s Retail business has continued to improve margins despite a challenging and competitive business environment Origin seeks to differentiate its retail offerings by providing better choices such as the GreenEarth range of products, and through focus on its customer management, billing a
Slide 30: Slide 30
Slide 31: Mortlake Power Project
Mortlake Power Project Planning and permitting approvals for the option to develop high-efficiency gas fired power stations are progressing Potential Power Station Location map and computer simulation of one potential power station development being investigated by Origin near Mortlake, south west V
Slide 32: The SLIVER solar photovoltaic project continues to progress
The SLIVER solar photovoltaic project continues to make significant progress 1st Generation 2nd Generation 15W 40W 70W Dec ‘04 Mar ‘05 May ‘05 Images show the individual silicon SLIVER cells which convert the sun’s rays into electrical energy, and some of the early panels manufactured from this sour
Slide 33: Slide 33
Slide 34: Financial Statements
Financial Statements
Slide 35: Resolution 2: Adoption of Remuneration Report
Resolution 2: Adoption of Remuneration Report
Slide 36: Resolution 2: Adoption of Remuneration Report
Resolution 2: Adoption of Remuneration Report Proxy votes received For 375,004,433 Against 6,984,715 Open 14,165,727 Abstain 1,741,290 % of proxies which will be voted in favour* of the resolution on a poll 98.24% * Includes For proxies and Open proxies in favour of the Chairman, Directors and Secre
Slide 37: Slide 37
Slide 38: Resolution 3: Election of Directors
Resolution 3: Election of Directors
Slide 39: Bruce G Beeren
Bruce G Beeren Page 39 Origin energy
Slide 40: Resolution 3: Election of Directors – Bruce G Beeren
Resolution 3: Election of Directors – Bruce G Beeren Proxy votes received For 374,080,577 Against 8,876,790 Open 14,401,740 Abstain 537,058 % of proxies which will be voted in favour* of the resolution on a poll 97.76% * Includes For proxies and Open proxies in favour of the Chairman, Directors and
Slide 41: Slide 41
Slide 42: Resolution 3: Election of Directors
Resolution 3: Election of Directors
Slide 43: Colin B Carter
Colin B Carter Origin energy
Slide 44: Resolution 3: Election of Directors – Colin B Carter
Resolution 3: Election of Directors – Colin B Carter Proxy votes received For 381,704,176 Against 974,237 Open 14,703,046 Abstain 514,706 % of proxies which will be voted in favour* of the resolution on a poll 99.75% * Includes For proxies and Open proxies in favour of the Chairman, Directors and Se
Slide 45: Slide 45
Slide 46: Resolution 4: Amendment of Company Constitution
Resolution 4: Amendment of Company Constitution
Slide 47: Resolution 4: Amendment of Company Constitution
Resolution 4: Amendment of Company Constitution Proxy votes received For 381,156,738 Against 539,103 Open 14,804,010 Abstain 1,396,314 % of proxies which will be voted in favour* of the resolution on a poll 99.86% * Includes For proxies and Open proxies in favour of the Chairman, Directors and Secre
Slide 48: Slide 48
Slide 49: Resolution 5: Renewal of Proportional Takeover Provisions
Resolution 5: Renewal of Proportional Takeover Provisions
Slide 50: Resolution 5: Renewal of Proportional Takeover Provisions
Resolution 5: Renewal of Proportional Takeover Provisions Proxy votes received For 378,686,329 Against 2,343,845 Open 14,875,813 Abstain 1,485,485 % of proxies which will be voted in favour* of the resolution on a poll 99.41% * Includes For proxies and valid Open proxies in favour of the Chairman an
Slide 51: Slide 51
Slide 52: Annual General Meeting
Annual General Meeting 20 October 2005