AGL Energy (ASX: AGL)

AGL Energy (ASX: AGL) An energy company

1837

FOUNDED

LARGE

SIZE

UTILITIES

Industry

Product / Service

  • AGL provides gas, electricity and related products and services

  • AGL operates four business units:

    • Energy Markets - sale of electricity, natural gas, and energy related products and services to consumers, wholesalers and businesses
    • Group Operations - handles the company’s power generation portfolio, which is comprised of thermal generation, natural gas and renewable sources such as hydro, wind farms and solar. Group Operations also manages the company’s facilities such as gas storage assets
    • New Energy - handles the company’s development and production of new technologies and services including exploration in renewable energy and innovation on energy solutions such as rooftop solar, electric vehicles and digital metering
    • Investments – handles AGL’s investment portfolio in energy related businesses (for example, ActewAGL Retail Partnership)
  • For more information on how Australia’s electricity grid works, see How Does the Electricity Grid Work in More Information

History

  • AGL’s history dates back to the origin of the Australian Gas Light (AGL) Company in 1837. The Australian Gas Light Company was responsible for lighting the street lamps of Sydney

  • Following the merger of AGL's infrastructure assets with Alinta Limited (an energy infrastructure company) in October 2006, AGL Energy was subsequently separated and listed on the ASX

Customers

  • AGL’s customers are residential (consumer), commercial and industrial customers (business) and electricty wholesalers

Operations

  • The company is headquartered in New South Wales, Australia

  • The company’s operations are New South Wales, Victoria, South Australia and Queensland

To create energy solutions for the communities of today and tomorrow

Profitability Table

Year Revenue ($m) % change EBIT ($m) % change
FY 2010 6,611   413  
FY 2011 7,073 7.0 819 98.3
FY 2012 7,456 5.4 201 (75.5)
FY 2013 9,716 30.3 649 223
FY 2014 10,445 7.5 979 50.8
FY 2015 10,678 2.2 567 (42.1)
FY 2016 11,150 4.4 -256 L

Fun Facts

  • Andy Vesey’s (CEO) total remuneration for FY 2016 was $6.9 million

  • AGL’s renewable energy production accounts for one fifth of its total electricity generation

Competitors

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