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Transcription:

British Gas Total British Gas Total customer accounts (period end) ( 000) 23,372 23,856 (2) 23,602 Total customer households (period end) ( 000) 10,605 10,898 (3) 10,751 Joint product households (period end) ( 000) 2,008 2,173 (8) 2,101 6,914 6,928 (0) 12,967 Operating cost (excluding bad debt) ( m) 737 704 5 1,425 Operating profit ( m) 656 455 44 823 Operating profit after tax ( m) 525 355 48 647 Gas (mmth) 2,557 2,375 8 4,085 Electricity (TWh) 19.3 20.2 (4) 39.1 Lost time injury frequency rate (per 100,000 hours worked) 0.17 0.14 21 0.16 H1 2014 lost time injury frequency rate (per 100,000 hours worked) has been restated to reflect additional data assurance activity. Residential energy supply Customer accounts (period end) Gas ( 000) 8,261 8,408 (2) 8,314 Electricity ( 000) 6,472 6,514 (1) 6,464 Total ( 000) 14,733 14,922 (1) 14,778 Estimated market share (%) Gas 36.5 37.3 (0.8) ppts 36.8 Electricity 23.6 24.0 (0.4) ppts 23.8 Average consumption Gas (therms) 263 237 11 408 Electricity (kwh) 1,815 1,784 2 3,498 Gas (mmth) 2,183 2,009 9 3,439 Electricity (GWh) 11,746 11,667 1 22,788 Gas 3,032 2,899 5 5,031 Electricity 1,659 1,652 0 3,297 Total 4,691 4,551 3 8,328 Operating profit ( m) 528 265 99 439 Operating profit after tax ( m) 423 207 104 344 Post-tax margin (%) 9.0 4.5 4.5 ppts 4.1 H1 2014 residential energy customer accounts have been restated to exclude 133,000 accounts subsequently reclassified as dormant. H1 2014 average gas and electricity consumption per customer have been restated to reflect the above restatement.

British Gas (continued) Residential services Customer product holdings (period end) Central heating service contracts ( 000) 4,348 4,470 (3) 4,445 Kitchen appliances care (no. of customers) ( 000) 409 432 (5) 419 Plumbing and drains care ( 000) 1,619 1,652 (2) 1,634 Home electrical care ( 000) 1,363 1,397 (2) 1,375 Other contracts ( 000) 98 95 3 97 Total holdings ( 000) 7,837 8,046 (3) 7,970 Domestic central heating installations ( 000) 49 51 (4) 104 Central heating service contracts 405 404 0 834 Central heating installations 139 135 3 284 Other 258 265 (3) 540 Total 802 804 (0) 1,658 Operating profit ( m) 125 129 (3) 270 Operating profit after tax ( m) 100 101 (1) 212 Post-tax margin (%) 12.5 12.6 (0.1) ppts 12.8 Business energy supply and services Customer supply points (period end) Gas ( 000) 268 302 (11) 287 Electricity ( 000) 534 586 (9) 567 Total ( 000) 802 888 (10) 854 Average consumption Gas (therms) 1,347 1,188 13 2,144 Electricity (kwh) 13,804 14,196 (3) 27,807 Gas (mmth) 374 366 2 646 Electricity (GWh) 7,599 8,487 (10) 16,326 Gas 412 431 (4) 766 Electricity 896 1,004 (11) 1,963 Business Services 113 138 (18) 252 Total 1,421 1,573 (10) 2,981 Operating profit ( m) 3 61 (95) 114 Operating profit after tax ( m) 2 47 (96) 91 Post-tax margin (%) 0.1 3.0 (2.9) ppts 3.1 H1 2014 business energy supply points have been restated to exclude 12,000 supply points to align to industry reporting changes.

Direct Energy Total Direct Energy Total residential energy and services accounts (period end) ( 000) 4,092 6,079 (33) 4,153 5,902 6,469 (9) 11,838 Operating profit ( m) 192 41 368 150 Operating profit after tax ( m) 111 26 327 99 Gas (mmth) 4,574 4,526 1 8,163 Electricity (TWh) 55.0 58.9 (7) 116.3 Lost time injury frequency rate (per 100,000 hours worked) 0.02 0.09 (78) 0.02 Residential energy supply Customer accounts (period end) ( 000) Texas 764 793 (4) 758 Canada regulated 736 758 (3) 744 Canada deregulated 383 446 (14) 411 US North East 1,305 1,457 (10) 1,343 Total 3,188 3,454 (8) 3,256 Average consumption Gas (therms) 784 836 (6) 1,403 Electricity (kwh) 5,205 5,500 (5) 10,888 Gas (mmth) 1,210 1,333 (9) 2,240 Electricity (GWh) 8,675 10,017 (13) 19,392 1,204 1,399 (14) 2,571 Operating profit ( m) 67 48 40 90 Operating profit after tax ( m) 36 30 20 62 Post-tax margin (%) 3.0 2.1 0.9 ppts 2.4 Post-tax underlying margin (%) 3.0 3.6 (0.6) ppts 3.2 H1 2014 and FY 2014 post-tax underlying margin (%) excludes 21 million ( 32 million pre-tax) of costs associated with the polar vortex. Business energy supply Gas sales (mmth) 3,364 3,193 5 5,923 Electricity sales (GWh) 46,324 48,894 (5) 96,944 4,475 4,814 (7) 8,744 Operating profit ( m) 143 (21) nm 32 Operating profit after tax ( m) 86 (14) nm 17 Post-tax margin (%) 1.9 (0.3) 2.2 ppts 0.2 Post-tax underlying margin (%) 1.9 0.4 1.5 ppts 0.9 H1 2015 post-tax underlying margin (%) excludes ( 1) million (( 1) million pre-tax) relating to amortisation of customer intangibles associated with the Hess Energy Marketing acquisition. H1 2014 post-tax underlying margin (%) excludes 9 million ( 13 million pre-tax) relating to amortisation of customer intangibles and integration costs associated with the Hess Energy Marketing acquisition and 22 million ( 33 million pre-tax) of costs associated with the polar vortex. FY 2014 post-tax underlying margin (%) excludes 36 million ( 59 million pre-tax) relating to amortisation of customer intangibles and integration costs associated with the Hess Energy Marketing acquisition and 22 million ( 33 million pre-tax) of costs associated with the polar vortex.

Direct Energy (continued) Residential and business services Contract relationships (period end) ( 000) 904 2,625 (66) 897 On demand and installation jobs ( 000) 303 351 (14) 668 223 256 (13) 523 Operating profit ( m) (18) 14 nm 28 Operating profit after tax ( m) (11) 10 nm 20 Post-tax margin (%) (4.9) 3.9 (8.8) ppts 3.8 FY 2014 product holding reflects the disposal of the Ontario home services business, which had 1.9 million product holdings at the time of disposal. Direct Energy (with comparator year of 2014 restated to remove effect of foreign exchange movements) Residential energy supply 1,204 1,530 (21) 2,776 Business energy supply 4,475 5,259 (15) 9,438 Residential and business services 223 281 (21) 566 Direct Energy revenue 5,902 7,070 (17) 12,780 Operating profit ( m) Residential energy supply 67 52 29 95 Business energy supply 143 (22) nm 32 Residential and business services (18) 15 nm 31 Direct Energy operating profit 192 45 327 158 2014 figures restated at 2015 average exchange rate. Bord Gáis Energy Residential energy supply customer accounts (period end) Gas ( 000) 326 - nm 332 Electricity ( 000) 275 - nm 276 Total ( 000) 600 - nm 608 Business energy services customer supply points (period end) 33 - nm 31 Total customer accounts (period end) ('000) 633 - nm 639 Residential energy supply average consumption Gas (therms) 227 - nm 127 Electricity (kwh) 2,328 - nm 2,373 Business energy services average consumption Gas (therms) 8,886 - nm 6,394 Electricity (kwh) 29,424 - nm 37,237 Gas (mmth) 162 - nm 106 Electricity (GWh) 1,329 - nm 1,430 Power generated (GWh) 1,143 - nm 867 400 - nm 391 Operating profit ( m) 23 - nm 7 Operating profit after tax ( m) 20 - nm 3 Post-tax margin (%) 5.0 - nm 0.8 Lost time injury frequency rate (per 100,000 hours worked) 0.07 - nm - FY 2014 reflects only the H2 2014 performance due to the timing of the Bord Gáis Energy acquisition.

Centrica Energy Total Centrica Energy Operating profit ( m) 116 526 (78) 737 Operating profit after tax ( m) 40 277 (86) 460 Lost time injury frequency rate (per 100,000 hours worked) 0.14 0.19 (26) 0.19 International gas Gas production volumes (mmth) UK and Netherlands 695 818 (15) 1,426 Norway 423 378 12 782 North America 666 616 8 1,283 Trinidad & Tobago 144 133 8 281 Total 1,928 1,945 (1) 3,772 Liquids production volumes (mmboe) UK and Netherlands 1.9 2.4 (21) 4.3 Norway 5.6 5.1 10 10.5 North America 1.5 1.2 25 2.5 Total 9.0 8.7 3 17.3 Total production volumes (mmboe) 40.7 40.9 (0) 79.5 Total production volumes (mmth) 2,471 2,472 (0) 4,822 Average achieved gas price (p/therm) Europe 48.8 56.0 (13) 53.9 North America and Trinidad & Tobago 14.9 24.1 (38) 22.9 Total 35.0 44.0 (20) 41.6 Average oil and condensate sales price ( /boe) Europe 40.3 59.9 (33) 54.2 North America and Trinidad & Tobago 29.3 47.1 (38) 42.5 Total 38.1 58.4 (35) 52.5 DDA costs ( /boe) Europe 11.8 12.5 (6) 12.8 North America and Trinidad & Tobago 4.9 5.2 (6) 5.0 Total 9.3 10.0 (7) 10.0 Lifting and other cash production costs ( /boe) Europe 15.6 14.6 7 16.0 North America and Trinidad & Tobago 8.2 9.2 (11) 8.9 Total 12.9 12.8 1 13.4 Exploration and appraisal costs ( m) 62 48 29 178 Operating profit ( m) 48 465 (90) 606 Operating profit after tax ( m) (23) 235 nm 302 Lifting and other cash production costs include all cash costs except exploration and appraisal costs and the impact of underlift/overlift. Production volumes include 100% share of Canadian assets owned in partnership with Qatar Petroleum.

Centrica Energy (continued) UK power Power generated (GWh) Gas-fired 3,256 4,058 (20) 9,983 Renewables 435 483 (10) 903 Nuclear 6,069 6,173 (2) 11,255 Total 9,760 10,714 (9) 22,141 Load factor Gas-fired 21% 24% (3.2) ppts 30% Renewables 40% 38% 1.9 ppts 36% Nuclear 78% 80% (1.7) ppts 72% Achieved clean spark spread ( /MWh) 12.0 9.8 22 9.0 Achieved power price (including ROCs) ( /MWh) - renewables 118.2 113.2 4 112.7 Achieved power price ( /MWh) - nuclear 49.7 51.0 (3) 51.2 Operating profit/(loss) ( m) Gas-fired (62) (70) nm (120) Renewables (operating assets) 18 23 (22) 27 Renewables (one-off write-offs, (loss)/profit on disposal) - (40) nm (17) Nuclear 108 125 (14) 210 Midstream 4 23 (83) 31 Operating profit ( m) 68 61 11 131 Operating profit after tax ( m) 63 42 50 158 Centrica Storage Average SBU price (in period) (pence) 20.4 22.2 (8) 21.1 SBU 46 50 (8) 95 Additional space/other 25 20 25 54 Total 71 70 1 149 Operating profit ( m) 13 10 30 29 Operating profit after tax ( m) 10 7 43 21 Lost time injury frequency rate (per 100,000 hours worked) 0.19 0.07 171 0.09