Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — Jefferies Asia Forum 2025
24 slides from Dalrymple Bay Infrastructure's conference presentation, Mar 14, 2025
Slide 1: ASX Announcement: Investor Presentation Jefferies Asia Forum 2025
ASX Announcement 14 March 2025 Investor Presentation Jefferies Asia Forum 2025 Dalrymple Bay Infrastructure Limited (ASX:DBI) (“DBI” or “the Company”) releases the attached Investor Presentation that will be presented at the Jefferies Asia Forum in Hong Kong (18-20 March 2025). For personal use only
Slide 2: Jefferies Investor Conference March 2025
For personal use only Jefferies Investor Conference March 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 mines1 in the Bowen Basin. DBI Asset Location DBI Customer base2 For personal use only Anglo American Peabody Energy Bowen Coking Coal Pembroke Resources Fitzroy Australia Resources Stanmore Resources Glencore Terracom Mi
Slide 5: DBI's financial performance is underpinned by a low risk business model
DBI’ financial performance is underpinned by a low risk business model For personal use only Light-handed Force Majeure Pass through regulation protection of operating costs DBI has a pricing agreement with DBI has strong force majeure protection All the terminal’s operating costs are customers on t
Slide 6: Terminal Infrastructure Charge (TIC) – inflation linked pricing model
Terminal Infrastructure Charge (TIC) – inflation linked pricing model Terminal Infrastructure Charge (TIC) TY-22/23 TY-23/24 TY-24/25 • DBI receives TIC revenue on every tonne of contracted capacity TIC Components1 Actual ($/t) Actual ($/t) Actual ($/t) For personal use only (84.2Mtpa) • The TIC is
Slide 7: FY-24 Highlights
FY-24 Highlights EBITDA FFO TIC Rate1 Growth Distributions Safety For personal use only $279.8m $156.7m $3.59/t $394m 22.0 cps3 Zero +7.1% vs FY-23 +11.1% vs FY-23 +4.4% vs TY-23/24 of capital projects +5.8% vs FY-23 incidents causing underway2 serious injury or illness 1. TIC Year (TY) runs from 1
Slide 8: Commitment to growing total shareholder returns
Commitment to growing total shareholder returns Update to Distribution Guidance1 DBI Distributions - by Period Earned1 (cps) • Upgrade to distribution guidance for TY-24/252 (1 July 2024 to 30 June For personal use only 2025) to 23.0 cps (previously 22.5 cps) • Increased distributions reflect higher
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: Organic growth − Non-Expansion Capital Expenditure (NECAP)
Organic growth − Non-Expansion Capital Expenditure (NECAP) • DBI’s NECAP program is a source of organic growth. Indicative example of the potential impact of future CPI increases and NECAP expenditure For personal use only on the Terminal Infrastructure Charge (TIC) is illustrated below4 • DBI earns
Slide 11: 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 For personal use only • The technical aspects of the 8X FEL3 Study (feas
Slide 12: 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 13: 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 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: Strategic priorities over the next months
Strategic priorities over the next 12 months DBI’s strategic priorities are focussed on delivering total securityholder returns For personal use only 1 Delivering organic revenue growth through new revenue initiatives and the implementation of approved NECAP Projects Progressing opportunities to cap
Slide 16: Appendices
15 For personal use only Appendices
Slide 17: 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 18: 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$2.33 billion3 of total limits Rating5 BBB / BBB- Cash 89.9 71.1 • Weighted average tenor 7.9 years4 Outlook Stable / Stable For per
Slide 19: Interest rate and hedge book profile
Interest rate and hedge book profile No FX risk and limited interest rate risk with high level of fixed debt issuance and floating to fixed swaps Profile of hedged position at 31 December 20242 • 100% of all foreign currency debt (A$ million) For personal use only swapped back to AUD – no FX risk •
Slide 20: 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 21: Pathways to decarbonisation
Pathways to decarbonisation Emission scope Emissions1 Short term Medium Term Long Term For personal use only Scope 1: 57 (tCO2-e/YEAR) Commence transition to hybrid, plug in Remainder of vehicles to be at Transition fleet to electric DBI site vehicles hybrid or fully electric for some site vehicles.
Slide 22: Social and Governance highlights
Social and Governance highlights Safety, Health & Wellbeing Employee Diversity and Inclusion Community and Partnerships The Group has established a comprehensive set of DBI established a People and Culture Committee to DBI’s Community Investment, Partnership and only leading indicators that have bee
Slide 23: 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 24: 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
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