Origin Energy Limited (ORG) Share Price

ORG Company Profile

Origin Energy is a major Australasian integrated energy company involved in gas and oil exploration and production, energy retailing and power generation.

As a leading Australasian integrated energy company, Origin participates in most segments of the energy supply chain including:

Natural gas and oil exploration and production Electricity generation Energy retailing

We also have significant operations in New Zealand through our 51.4% interest in Contact Energy , New Zealand’s largest energy provider.

Financial Performance

We reported an underlying profit of $443 million for the year ended 30 June 2008, up 20% on the prior year, highlighting the strength of our existing businesses.

Our statutory profit for the financial year to 30 June 2008 was $517 million, an increase of 13% compared with $457 million reported last year. In addition to the underlying profit, this statutory profit contains a number of significant items, including the sale of our Networks business and Mokai geothermal assets, the impact of fair value changes to financial instruments (predominantly associated with our energy procurement activities), and one-off costs associated with the New Plymouth Power Station and the purchase of the Sun Retail business.

Basic earnings per share calculated from the underlying profit increased 14% to 50.6 cents on an expanded weighted average capital base of 875 million shares. This compares to 44.3 cents based on the same calculation from last year.

We have declared a fully franked final dividend of 13 cents per share in view of the strength of our underlying profit and sound financial position. This brings the total fully franked dividend for the year to 25 cents per share, an increase of 19% over the prior year.

To provide a clearer understanding of operational performance for our stakeholders, we report earnings before interest, tax, depreciation, amortisation, significant items and the impact of fair value changes to financial instruments (EBITDAF). For the year to 30 June 2008, EBITDAF from continuing businesses was $1,309 million, a 12% increase from the prior year of $1,165 million.

Highlights

An ability to measure our greenhouse gas emissions both within our business and customer supply chain.

Significant investment in gas-fired generation which allows us to generate electricity at about half the greenhouse gas intensity of the National Electricity Market.

An increased commitment to renewable geothermal energy through an investment in and joint venture with Geodynamics Limited.

A successful pilot development and progress towards commercialisation of our SLIVER® solar cell technology.

Advocating a carbon pricing regime to lower greenhouse gas emissions as a member of the Australian Business Roundtable on Climate Change.

A customer base with the highest penetration of GreenPower at over 50 per cent greater than the national average.

The ranking of our GreenEarth 100 per cent solar, 100 per cent wind and 100 per cent wind offset products by Green Electricity Watch as the three best products on the market for 2007, the group’s fourth consecutive report in which a selection of our products have been recognised as market leading.

Increased assistance to customers experiencing financial difficulty through industry leading policies and services such as our Power On program.

Improvement in our health and safety performance since 2003 from a Total Recordable Incident Frequency Rate of 25.9 to 16.3 in 2007.

The delivery of quality local programs in consultation with the communities in which we operate, in turn strengthening our relationship with these communities.

Compound Total Shareholder Return of 32.4 per cent per annum from listing in February 2000 to 30 June 2007.

External recognition of our commitment, progress and leadership in sustainability through various awards and acknowledgements from leading rating agencies including Ethical Investor Magazine’s ‘Sustainable Company of the Year’ for 2007.

For more information www.originenergy.com.au