2013 Preliminary Results

Preliminary Results

Rick Haythornthwaite

Sam Laidlaw

Overview

Nick Luff

Commodity prices and spreads

Financial headlines

Operating profit analysis

British Gas

British Gas

Direct Energy

Direct Energy

Centrica Energy

International gas

UK power

Centrica Storage

Exceptional items and certain re-measurements

Cash flow

Capex and acquisitions

Summary and outlook

Sam Laidlaw

Our strategic priorities

Good strategic progress

Securing gas for the UK in an increasingly international market

Enhanced scale in North America

Working towards a transparent and affordable UK energy policy

Working towards a transparent and affordable UK energy policy

Positioning the Group for the future - operational and capital efficiency

Growth through differentiation in British Gas

Improving cost competitiveness in Direct Energy

Positioning Centrica Energy for the future - adding value through selective investments

Positioning Centrica Energy for the future - adding value through selective investments

Summary

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