Ann: FY21 Results and FY22 Earnings Guidance, page-52

Shareholders need to understand that AGL's Board and Executive Leadership will probably go down in Australian Corporate history as the perfect example of how poor management, decision making and blinkered neanderthal thinking can destroy a Company. Marcus has been brought in because he is very good at demerging whilst minimising damage as best as is possible. The Board has recently changed it's KPI's to ensure they still receive a bonus on top of their already obscene remuneration packages. AGL had gambled on a monopoly which has failed disastrously for the shareholder. They are now scrambling to bring 850MW of energy hub storage whilst their more conversant and forward thinking competitors are in the process of bringing onto the grid or stored capacity of 150GW by a stabilised Grid taking 100% renewables by 2026-2028. Can I just say again, AGL is going to have to compete against 150 GIGAWATTS of storage or supply. The Board will not tell you this as their only intent is to have their snouts in the trough for as long as possible - more fool us.