Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — 2025 Macquarie Australia Conference
19 slides from Dalrymple Bay Infrastructure's conference presentation, May 7, 2025
Slide 1: ASX Announcement: Investor Presentation 2025 Macquarie Australia Conference
ASX Announcement 7 May 2025 Investor Presentation 2025 Macquarie Australia Conference Dalrymple Bay Infrastructure Limited (ASX:DBI) (“DBI” or “the Company”) releases the attached Investor Presentation which will be presented at the 2025 Macquarie Australia Conference in Sydney on 7 May 2025. For pe
Slide 2: 2025 Macquarie Australia Conference
For personal use only 2025 Macquarie Australia Conference May 2025
Slide 3: Dalrymple Bay Infrastructure (DBI)
Dalrymple Bay Infrastructure (DBI) DBI through its foundation asset, the Dalrymple Bay Terminal (DBT), aims to provide safe and efficient port infrastructure and services for producers and consumers of high quality Australian metallurgical coal exports. For personal use only Through further organic
Slide 4: DBI services predominantly metallurgical coal mines in the Bowen Basin
DBI, via the Dalrymple Bay Terminal, services predominantly metallurgical coal mines in the Bowen Basin. DBI Customer base1 DBI Asset Location For personal use only Customer2 Mine German Creek, Moranbah Anglo American North, Grosvenor Bowen Coking Coal Broadmeadow East Fitzroy Australia Resources Ca
Slide 5: DBI's financial performance is underpinned by a low risk business model
DBI’s financial performance is underpinned by a low risk business model For personal use only Take or pay Light-handed Pass through contracts regulation of operating costs Regardless of the tonnes exported DBI DBI has a pricing agreement with All the terminal’s operating costs are receive a Terminal
Slide 6: DBI's pricing model delivers a highly predictable revenue profile
DBI’s pricing model delivers a highly predictable revenue profile Growing TIC revenue… ….delivers financial leverage • The bulk of DBI’s opex costs are passed through For personal use only • TIC will continue to grow via Base TIC escalation with inflation and investment in • DBI’s effective EBITDA m
Slide 7: Cashflow and distribution leverage strongly aligned to revenue growth
Cashflow and distribution leverage strongly aligned to revenue growth DBI has significant cashflow leverage to rising revenue that translates strongly into distributions Revenue Growth Distribution Growth For personal use only • Revenue growth driven by i) CPI indexation of base TIC ii) new • DBI ha
Slide 8: Commitment to growing total shareholder returns
Commitment to growing total shareholder returns Distribution Guidance3 DBI Distributions - by Period Earned3 (cps) • Distribution guidance for TY-24/251 (1 July 2024 to 30 June 2025) of For personal use only 23.0 cps • Guidance represents a 7% uplift on TY-23/24 distribution Distribution Policy 5.63
Slide 9: Organic Revenue Growth Opportunities
Organic Revenue Growth Opportunities DBI has a range of organic growth opportunities, with varying degrees of capital intensity, that are expected to underpin a continued uplift in revenue, ultimately driving improved FFO to support growing distributions For personal use only Optimisation NECAP Orga
Slide 10: DBI's external growth opportunities
DBI’s external growth opportunities DBI’s competitive advantages together with defined growth filters frame the external growth opportunities that may be assessed to drive shareholder value beyond DBT For personal use only DBI’s growth filters High barriers Outsourced Potential for capital Focused p
Slide 11: DBI's core competitive advantages
DBI’s core competitive advantages Our competitive advantages, along with the long-term resilience of DBT, provide the opportunity to develop a portfolio of assets via external growth opportunities For personal use only 1 2 3 4 5 Regulatory Capital deployment Operational Funding Key expertise capabil
Slide 12: Appendices
12 For personal use only Appendices
Slide 13: Organic growth opportunity – 8X Project
Organic growth opportunity – 8X Project Capacity expansion project within the existing terminal footprint that can be delivered in phases to meet customer demand • 8X is a well-defined pathway to 99.1Mtpa of contracted capacity • The technical aspects of the 8X FEL3 Study (feasibility), which was fu
Slide 14: New energy options
New energy options The Port of Hay Point is one of only five priority ports in Queensland A funding agreement to complete feasibility studies agreed between DBI and three For personal use only other consortium partners was signed on 23 February 2022.1 Dalrymple Bay is ideally positioned for the expo
Slide 15: Profit & Loss and Cashflow statement
Profit & Loss and Cashflow statement FY-24 Revenue, EBITDA and Net Profit all up on FY-23, Strong improvement in FY-24 FFO through higher revenue and demonstrating resilience of business model conversion of this uplift to cash through disciplined cost management o For personal use only Profit & Loss
Slide 16: Balance sheet and credit profile
Balance sheet and credit profile Investment grade credit profile with stable outlook and well laddered maturity profile Balance Sheet A$ million 31-Dec-24 31-Dec-23 • A$2.33 billion3 of total limits Rating5 BBB / BBB- Cash 89.9 71.1 • Weighted average tenor 7.9 years4 Outlook Stable / Stable For per
Slide 17: Reconciliation of statutory borrowings to drawn debt
Reconciliation of statutory borrowings to drawn debt Fair value adjustments booked on acquisition of DBT Group entities Borrowings A$ million Note 31-Dec-24 31-Dec-23 1 On acquisition of DBT, a fair value adjustment of $48.4m was recognised For personal use only Current borrowings - 448.0 against th
Slide 18: Glossary
Glossary $ Australian Dollar unless otherwise stated FFO Funds From Operations means EBITDA less net interest expense and less any cash For personal use only /t Per metric tonne tax payable. 8X Project Expansion program to bring terminal capacity to 99.1Mtpa Group DBI and its wholly owned or control
Slide 19: Disclaimer and important notices
Disclaimer and important notices This presentation has been prepared by Dalrymple Bay Infrastructure Limited ACN 643 302 032 (DBI or the Company). Financial data Summary Information All figures in the presentation are Australian dollars ($ or A$) unless stated otherwise. This presentation contains s
Dalrymple Bay Infrastructure — 2025 Macquarie Australia Conference on 6ix