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BRIEF-AGL Energy Sees FY21 Underlying EBITDA Between $1,585 Mln & $1,845 Mln

Published 11/02/2021, 08:52 am
Updated 11/02/2021, 08:54 am
AGL
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Feb 11 (Reuters) - AGL Energy Ltd AGL.AX :

* GUIDANCE FOR FY21 UNDERLYING EBITDA OF BETWEEN $1,585 MILLION AND $1,845 MILLION

* IN INTEGRATED ENERGY, WE ARE ON TRACK TO DEVELOP 850 MW OF GRID-SCALE BATTERIES

* GUIDANCE FOR FY21 UNDERLYING PROFIT AFTER TAX UNCHANGED

* CONTINUE TO PROGRESS PLANS FOR CRIB POINT LIQUIFIED NATURAL GAS IMPORT PROJECT

* $150 MILLION OF OPERATING COST REDUCTION IDENTIFIED FOR FY22

* PROGRAMS UNDER WAY TO DELIVER $100 MILLION REDUCTION IN SUSTAINING CAPITAL EXPENDITURE BY FY23

* SEES FURTHER MATERIAL STEP-DOWN IN WHOLESALE ELECTRICITY EARNINGS IN FY22

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