News: ORG Origin Energy Sees Consolidated Underlying EBITDA Around Mid-Point Of Original Guidance

June 1 (Reuters) - Origin Energy Ltd (ORG) :

• UPDATE ON OPERATING CONDITIONS AND GUIDANCE
• SEES CONSOLIDATED GROUP UNDERLYING EBITDA TO BE AROUND MID-POINT OF ORIGINAL GUIDANCE RANGE OF A$1,950 - A$2,250 MILLION FOR FY22
• THERE IS A VERY HIGH DEGREE OF UNCERTAINTY AROUND RANGE OF EARNINGS OUTCOMES FOR 2023 FINANCIAL YEAR
• SEES FY22 INTEGRATED GAS & CORPORATE UNDERLYING EBITDA IS EXPECTED TO BE HIGHER AT A$1,700 - A$1,800 MILLION
• ORIGIN HAS WITHDRAWN ALL GUIDANCE FOR FY2023
• FOR 2022, HIGHER EARNINGS FROM INTEGRATED GAS EXPECTED TO OFFSET A DECLINE IN ENERGY MARKETS EARNINGS
• SEES CHALLENGES WITH COAL DELIVERY TO ERARING POWER STATION ARE EXPECTED TO PERSIST INTO FY2023
• EQUIPMENT SUPPLY CHAIN DELAYS ARE ALSO EXPECTED TO IMPACT COAL DELIVERIES IN FY2023
• SEES HIGHER DOMESTIC GAS PRICES ARE EXPECTED TO PROVIDE A BENEFIT IN FY2023
• IN FY23, SEES MATERIAL INCREASE IN COAL PURCHASING COSTS GIVEN HIGH COAL PRICES AND CONTINUED EXPOSURE TO HIGH SPOT ELECTRICITY PRICES
• SEES ENERGY MARKETS UNDERLYING EBITDA IN FY2022 TO BE A$310 - A$460 MILLION