Investor Presentaiton
On track to deliver FY17 guidance
29
Underlying Profit after tax expected to be in the upper half of
$720-800m guidance range, subject to normal trading conditions
> Electricity: impact of rising wholesale prices expected to continue
Forward curve points to sustained improvement
Impact phased over time due to competition, customer affordability and timing of contracted positions
> Gas: headwinds as previously flagged
Lower margin on rollover of Queensland wholesale contracts, mild July/August weather and supply issues
Resulting in $84m lower first-half gas margin; at least $100m lower margin FY17 vs. FY16
> Discipline around cost and price management to continue
Supplementary
Information
AGL
Energy in
action.
9/2/2017
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