agl energy ltd (N9Z) Snapshot

AGL Energy Limited provided earnings guidance for the full year 2013. For the year, the company expected full year net profit to be at the lower end of guidance in the range of $590 million to $640 million.

AGL Energy Limited Presents at Australia Conference, May-02-2013 . Venue: Hilton Hotel Sydney, Sydney, Australia. Speakers: Michael Anthony Fraser, Chief Executive Officer, Managing Director and Executive Director.

AGL Energy Limited reported unaudited consolidated earnings results for the half year ended December 31, 2012. For the period, the company’s revenue was AUD 4,970.2 million compared to AUD 3,615.3 million a year ago. Profit before net financing costs was AUD 633.5 million compared to AUD 181.4 million a year ago. Profit before tax was AUD 524.1 million compared to AUD 163.9 million a year ago. Profit for the period attributable to owners of the company was AUD 364.7 million compared to AUD 117.0 million a year ago. Statutory basic and diluted earnings per share were 66.5 cents compared to 24.5 cents a year ago. Net cash provided by operating activities was AUD 364.8 million compared to AUD 27.8 million a year ago. Payments for property, plant and equipment were AUD 241.8 million compared to AUD 289.9 million a year ago. Payments for intangible assets were AUD 19.0 million compared to AUD 21.8 million a year ago. EBITDA was AUD 650 million compared to AUD 438.9 million a year ago. Operating EBIT was AUD 511.7 million compared to AUD 354.6 million a year ago. Underlying profit was AUD 279.4 million compared to AUD 232.9 million a year ago. Underlying profit is up 20% or AUD 279.4 million. Underlying operating cash flow of AUD 645 million is up AUD 492 million over last year. The improvement is driven by the AUD 211 million increase in EBITDA and the impact on working capital of carbon, which the company estimates to be around AUD 170 million. Capital expenditure was AUD 304 million. Underlying diluted earnings per share were 50.9 cents compared to 48.7 cents a year ago. Average net debt increased to AUD 2,553.4 million compared with AUD 711.9 million for the prior corresponding period. The company expects capital expenditure to come in around AUD 650 million for the full year to June 2013. The directors of the company resolved to pay a fully franked interim dividend of 30.0 cents per share, amounting to AUD 165.1 million. The record date for the interim dividend is 12 March 2013 with payment to be made on 4 April 2013. Shares will commence trading ex-dividend on 5 March 2013.