News: ORG Origin Energy Says Expect Non-Cash Post-Tax Charges Of A$2,247 Mln In FY2021

July 30 (Reuters) - Origin Energy Ltd (ORG) :

• SEES NON-CASH POST-TAX CHARGES OF A$2,247 MILLION IN ITS FY2021 STATUTORY INCOME
• PREVIOUSLY ISSUED FY2021 GUIDANCE UNCHANGED
• FY2022 ENERGY MARKETS UNDERLYING EBITDA EXPECTED TO BE LOWER AT A$450-A$600 MILLION
• FY2023 ENERGY MARKETS UNDERLYING EBITDA EXPECTED TO REBOUND TO A$600-A$850 MILLION
• CONTINUES TO TARGET A$100-A$150 MILLION IN CAPITAL AND OPERATING COST SAVINGS IN THE RETAIL BUSINESS BY FY2024
• EXPECTS TO RECOGNISE AN IMPAIRMENT FOR ITS GENERATION ASSETS OF A$583 MILLION POST-TAX
• ENERGY MARKETS BUSINESS FACES SIGNIFICANT HEADWINDS IN FY2022
• NET CASH FLOW FROM AUSTRALIA PACIFIC LNG IN FY2022 IS EXPECTED TO BE MORE THAN A$1 BILLION
• EXPECTS TO RECOGNISE A DEFERRED TAX LIABILITY OF A$669 MILLION IN FY2021
• EXPECT TO SEE A MATERIAL REBOUND IN ENERGY MARKETS EARNINGS FROM NEXT YEAR
• CASH DISTRIBUTIONS FROM AUSTRALIA PACIFIC LNG OF A$709 MILLION IN FY2021