Apa Group · ASX:APA
Apa — Corporate Update (October 2006)
13 slides from Apa's corporate update, Oct 30, 2006
Slide 1: Managing Director's Presentation
Managing Director’s Presentation Corporate Update A challenging and fulfilling year: > Alinta/AGL | >» ~-Reinvigorating our growth strategy . >» ~-Building on our-existing gas transmission business ».-Targeting commercially and strategically appropriate assets Mick McCormack Managing Director Delive
Slide 2: Key Personnel
Key Personnel Rick Francis Stephen Ohl Peter Fox : Chief Financial Officer Group General Manager, Operations - General Manager, Corporate Development Sandra Dureau ; Austin James General Counsel/ : Company Secretary/ 2 General Manager, Regulatory General Manager, Corporate
Slide 3: Business Model
Business Model Australian Pipeline Trust Unitholders — Manager - APA Personne! Controls Ml Operating Expenditure I} Cepital expenditure I Regulatory affairs li Revenue contracts: Benefits of low cost structure returned in full to unitholders LLL SEES Gas transmission Gas distribution Electricity tra
Slide 4: Implementing Our Growth Strategy
Implementing Our Growth Strategy @ Murraylink > Links Berri, SA with Red Cliffs, near Mildura, Vic >. Low risk asset with fixed revenues to 2013 and beyond > Expertise in managing gas pipelines transferable to.underground electricity cables cose
Slide 5: Highly complementary business to APA's existing asset portfolio
Highly complementary business to APA's existing asset portfolio ‘Meets. APA's investment criteria and enhances ability to. grow securityholder distributions annually-~ Reinforces APA’s position asa leading owner. and operator of energy transmission assets in Australia > ‘Strengthens APA’s ability to
Slide 6: Significant Synergistic Benefits
Significant Synergistic Benefits e Better use of the NSW/VIC Interconnect >». Increased gas throughput > Other opportunities include gas storage services e. Increased competition of APA’s Moomba to Sydney pipeline with the Eastern Gas Pipeline @ Greater greenfield opportunities ~@ Reduction of opera
Slide 7: Acquisition price of $521m
@ Acquisition price of $521m @ Rapid asset value growth: 8% p.a. over.next 5 years e Attractive Internal Rate of Return (equity IRR of over 12%) e Exceptional fit for APA . >. Further development of, and value accretion to, APA's unique Queensland asset suite >» APA in-house technical, commercial &
Slide 8: Allgas Business
Allgas Business : ox / @ Comprises of: vos aa rosa . : ; 3 SUNSHINE COAST QUEENSLAND + ‘earronovuess NALENY unten PIPELINE EASEMENTS... ». Regulated gas distribution \ wma “networks ‘rage OAKEY DISTRIBUTION AREA, > Rights relating to Gatton to. Gympie pipeline >: Moura pipeline ; 2 oe . <4 BUNCORN.T
Slide 9: Growth Potential
Growth Potential e Residential growth » South east Queensland — Australia’s fastest growing region > Government strategies encourage gas_utilisation > Utilisation per household increasing @. Industrial. & commercial growth » Expansion into new geographic areas near-Ipswich and on the Sunshine Coast
Slide 10: Sound, Well Diversified Business
Sound, Well Diversified Business e@ Exciting opportunities in both core and complementary businesses. e@.CSG is a significant and developing supply option for eastern Australia e Gas supply to eastern Australia remains.a critical issue in the-next decade . e PNG Project > FEED activities relating to
Slide 11: AGL's 25.4% interest in APA transferred to Alinta as part of AGL/Alinta merger
AGL’ $25. 4% interest in APA transferred to Alinta as part of AGL/Alinta merger Alinta bovaht 10.25% of APA units recently The Takeovers Panel ordered Alinta to sell the 10.25%, which the Federal Court has upheld > Alinta is appealing now to.the Full Federal Court There are restrictions on what Alin
Slide 12: Strong growth path
Strong growth path Acquisition and organic development focused Internally managed — no fee leakage Long term value for all unitholders 12
Slide 13: We Deliver
_ We Deliver Energy