Investor Presentaiton
Allocating capital to drive shareholder returns.
Prosper
in a carbon
constrained
future
Build
customer
advocacy
Investor Day | 13 December 2017
SHORT-TERM PRIORITIES
CAPITAL ALLOCATION FRAMEWORK
Increased
agl
SHAREHOLDER OUTCOMES
Management of key
uncertainties affecting
capital allocation decisions
Exploration of potential
risks and opportunities
associated with expansion
Investment in new
products/markets
Investment in
existing business
Return of excess
capital to
shareholders
premium
required as
risk goes up
Disciplined
allocation of
capital at
threshold
hurdle rate
Excess cash
returned if
investment
opportunity
not
identified
Improved ROE as
embedded in
LTIP targets
Dividends at 75%
of Underlying
Profit after tax
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