Transcription of Origin Energy 2022 Half Year Results
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Origin Energy 2022 Half Year Results
Origin Energy 2022 Half Year ResultsHalf year ended 31 December 2021 Frank Calabria, CEO & Lawrie Tremaine, CFO17 February 2022217 February 20222022 Half Year Results Review-Lawrie Review-Frank Calabria317 February 20222022 Half Year Results AnnouncementIntroductionFrank Calabria, CEO417 February 20222022 Half Year Results AnnouncementHY2022 financial summaryStatutory Profit/(Loss)$(131) million( ) cpsReflecting impairment and capital gain tax expense associated with 10% sale of APLNGU nderlying ProfitUp $41 million reflecting higher oil, partly offset by impact of lower electricity retail tariffsFree Cash FlowDown $320 million with lower earnings and higher working capitalUnderlying EBITDAA djusted Net DebtUp $494 million from June-2021, driven by Octopus equity payments and working capitalInterim dividendunfranked$335 million$268 cps$ cps(HY2021: cps)66% of HY2022 Free Cash FlowAll comparisons relate to HY2021 unless stated from $1,154 million in HY2021$1,099 million517 February 20222022 Half Year Results AnnouncementShaping Our Business for a Transforming Energy Landscape Positive outlook for Energy Markets: Tailwinds from higher wholesale electricity prices, partially offset by higher Energy procurement costs Improving gas margins off the back of higher domestic gas prices in the second half 2022 Continuing to transform the Retail business to deliver low cost, market leading customer experience Strategic investment in Octopus continues to crea
Spike (demand response) growing to ~69k customers APLNG supplying ~30% of east coast gas demand Over 850k customers now migrated to Kraken platform Supporting customers through Power On hardship program VPP assets grown from 98 MW to 205 MW over last 13 months TRIFR 3.41, up from 2.7 at June 2021 with a higher level of major
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