Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — Investor Presentation (April 2021)
16 slides from Dalrymple Bay Infrastructure's investor presentation, Apr 7, 2021
Slide 1: Investor Conference Call Details
ASX Announcement 7 April 2021 Investor Conference Call Details Please see attached Corporate Presentation to be presented at a conference call (details further below) to discuss the Queensland Competition Authority (QCA) Final Decision on the Access Undertaking to apply to services at Dalrymple Bay
Slide 2: Corporate Presentation April 2021
Corporate Presentation April 2021
Slide 3: Why invest in DBI?
Why invest in DBI? 1 Critical link in the global steel supply chain 30% ~82% ~15% Queensland’s coal Met coal throughput in Global met coal exports exports in 2019 2020 in 2019 Socialisation of revenue 100% take-or-pay No relief for Users where on customer default, Transparent and well understood com
Slide 4: Capital Management strategy
Capital Management strategy The stable and predictable cashflow from DBI underpins quarterly distributions. DBI will also utilise security buybacks as part of a broader capital management strategy • Cash is recovered evenly over the course of a year Quarterly • Expenses are well understood and predi
Slide 5: Regulatory Framework Overview
Regulatory Framework Overview
Slide 6: Revenue & Price Setting
Revenue & Price Setting DBI has revenue certainty to 30 June 2021 under the existing regulatory determination and will negotiate access charges with Users and Access Seekers thereafter(3) Transition to lighter handed framework Current Access Undertaking Proposed 2019 DAU Negotiation Arbitration ARR
Slide 7: Pricing Principles under a Lighter Handed Framework
Pricing Principles under a Lighter Handed Framework Competitive Pricing Arbitration Guidelines Provide Flexibility in Assessing the TIC Principles in Queensland(1) The QCA states: “consideration of the reasonableness of the access proposal as part of an arbitration, rather than applying a strict r
Slide 8: 2021 Regulatory Reset
2021 Regulatory Reset The QCA has confirmed a transition to a lighter-handed regulatory framework, subject to amendments being made to the 2019 DAU Overview Highlights DBI proposed a transition to a lighter-handed regulatory framework for the 2021 regulatory reset when it submitted the 2019 DAU
Slide 9: 2021 Regulatory Reset (Cont.)
2021 Regulatory Reset (Cont.) Impact of a transition to a lighter handed framework under the 2019 DAU Current (expires 1 July 2021) 2019 DAU (lighter handed regulation) (July 2021) Existing Users: Access Agreements Existing Users: Access Agreements Terms of Access Access seekers: apply for access un
Slide 10: Expansion
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Slide 11: An expansion of DBT can accommodate growth in exports
An expansion of DBT can accommodate growth in exports and is expected to drive a material increase in capital asset base Well-defined pathway to 99.1Mtpa through the 8X Expansion and potential further expansion through 9X to 136Mtpa (Mtpa) Additional Limited rail constraints ~37 ~136 land, and withi
Slide 12: Expansion Process
Expansion Process DBI has commenced the 8X Expansion process, with the pre-feasibility study complete and Conditional Access Agreements in place for the expansion tonnage Pathway Key Stage Gates A number of important milestones have been met in Complete the 8X Expansion pathway FEL Studies User En
Slide 13: Key priorities for 2021
Key priorities for 2021
Slide 14: Outlook and priorities for 2021
Outlook and priorities for 2021 Implement quarterly distributions with a first payment targeted for June 2021 Continue security buy-back program subject to market circumstances Deliver total distributions for 1H21 of $0.09 per security in line with prospectus Target 60-80% payout ratio with 1-2% p.a
Slide 15: Glossary
Glossary $ Australian Dollar unless otherwise stated m Million /t Per metric tonne Mt Million tonnes 8X Expansion expansion program to bring terminal capacity to 99.1Mtpa Mtpa Million tonnes per annum 9X Expansion expansion program to bring terminal capacity to 136Mtpa NECAP Non-expansionary capital
Slide 16: 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 No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or Company). correctness of the information, opinions and con
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