APA Group · ASX:APA
APA — 2015 UBS Australasia Conference
16 slides from APA's conference presentation, Nov 16, 2015
Slide 1: Connecting Markets Creating Opportunities
Connecting Markets Creating Opportunities Mick McCormack CEO and Managing Director 2015 UBS Australasia Conference 16 November 2015
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) (APA Group). Summary information: This presentation contains summary information abou
Slide 3: Australia's largest gas pipeline owner by pipeline length, capacity and volume
Australia’s largest gas pipeline owner by pipeline length, capacity and volume APA Overview (Ticker: APA AU) Market capitalisation A$9.8 billion (as at 13 November 2015) ASX rank S&P/ASX 50 Credit Rating S&P: BBB (outlook Stable) Moody’s: Baa2 (outlook Stable) Assets owned/ ~ $19 billion operated Ga
Slide 4: Maximising value for securityholders
Maximising value for securityholders 1600 Total securityholder return since listing APA total 1400 securityholder 1200 returns TSR: 1,304% 1000 TSR CAGR: 19.2% p.a. S&P/ASX 200 800 accumulation index 600 Utilities 400 accumulation 200 index 0 Indexed to 100 from listing date, 13 June 2000 to 30 June
Slide 5: FY15 EBITDA Bridge
FY15 EBITDA Bridge $1,269.5m Corporate Costs Energy 11.6% Investments Net operating EBITDA Asset growth from $447.2m Management Energy $109.1m $35.8m $894.8m $821.3m $1.0m $747.3m $769.8m ($19.8m) $697.2m ($73.6m) ($50.1m) $72.5m 11.6% organic growth achieved in FY2015 APA Group | UBS Australasia Co
Slide 6: Developing growth projects across the country
Developing growth projects across the country NT Link feasibility study continues GGP expansions Continue to connect completed DPS completed resources to markets by Wallumbilla and working with our Moomba compressions customers Bi-directional capability on SWQP and BWP Committed projects WGP acq
Slide 7: East Coast Grid – Australia's gas superhighway
East Coast Grid – Australia’s gas superhighway A gas superhighway offering unprecedented levels of service innovation and flexibility: CGP – ~30 gas receipt and ~100 gas delivery points WGP – Storage (in-pipe, LNG) – Interruptible haulage and storage services SWQP BWP – Capacity trading and in-pip
Slide 8: Wallumbilla Gladstone Pipeline – US$4.6bn acquisition
Wallumbilla Gladstone Pipeline – US$4.6bn acquisition WGP connection to Queensland Curtis Island LNG facility Welcome addition to APA’s East Coast Grid – Financial close on 3 June 2015 – 4 weeks of contribution to APA earnings – Addition of Gladstone delivery point to the East Coast Grid – 20-year
Slide 9: Western Australia & Northern Territory
Western Australia & Northern Territory Solid organic growth in the emerging Perth region energy precinct Serving mining operations in the Pilbara and Goldfields regions Possible pipeline routes to connect the NT and the East Coast Grid PILBARA PIPELINE SYSTEM Pilbara mining region GOLDFIELDS GAS
Slide 10: Sustainable growth in Distributions
Sustainable growth in Distributions cents APA’s Distribution Policy 60 56.0 54.8 51.9 52.6 52.5 50.8 50 48.2 Fully covered by Operating Cash Flow 40 38.0 Regard for capital needs of the 34.4 35.0 35.5 36.3 30 31.0 32.8 +4.8% business and economic conditions on FY14 Grow generally in line with
Slide 11: Outlook and FY2016 Guidance
Outlook and FY2016 Guidance Statutory EBITDA for FY2016 expected within a range of $1,275 million to $1,310 million − Includes US$ denominated contribution from Wallumbilla Gladstone Pipeline of approximately US$355 million Net interest costs for FY2016 expected within a range of $500 million to
Slide 12: Connecting gas resources to gas markets
Connecting gas resources to gas markets Organic growth Darwin – Capacity expansions, enhancements and new services – New services and more flexible contracts supplement traditional take-or-pay Dynamic energy market conditions Gladstone – Assist customers to manage energy needs and portfolios – I
Slide 13: Focus on Safety and Operational Excellence
Focus on Safety and Operational Excellence Health and safety – Long-term safety goal of Zero Harm – a program of continuous improvement – Decrease in LTIFR(1) to 0.64, down from 0.80 – Second year of a 3-year HSE Strategic Improvement Plan Enhancing infrastructure operations and maintenance Dami
Slide 14: Questions
Questions APA Group | UBS Australasia Conference | 16 November 2015 14
Slide 15: APA Group │ UBS Australasia Conference APA Group | UBS Australasia Conference | 16
APA Group │ UBS Australasia Conference APA Group | UBS Australasia Conference | 16 November 2015 15 15
Slide 16: Delivering Australia's energy
For further information contact Yoko Kosugi Delivering Australia’s energy Investor Relations, APA Group Tel: +61 2 9693 0049 E-mail: yoko.kosugi@apa.com.au or visit APA’s website www.apa.com.au