Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — Shareholder Meeting (May 2023)
35 slides from Dalrymple Bay Infrastructure's shareholder meeting presentation, May 24, 2023
Slide 1: 2023 Annual General Meeting ASX Announcement
ASX Announcement 24 May 2023 2023 Annual General Meeting In accordance with ASX Listing Rule 3.13.3, Dalrymple Bay Infrastructure Limited (ASX:DBI) (“DBI” or “the Company”) releases the following materials for the Company’s 2023 Annual General Meeting of securityholders to be held at 10.00am (AEST)
Slide 2: Chair's Address
Dalrymple Bay Infrastructure Annual General Meeting 2023 Chair’s Address Good morning, ladies and gentlemen, and welcome to the 2023 Annual General Meeting of Dalrymple Bay Infrastructure Limited. My name is David Hamill, and I am the Chair of DBI. Thank you for joining us today. Under the leadershi
Slide 3: Sustainability and Transition, Distributions, Conclusion
Sustainability and Transition DBI’s vision is to be a provider of essential infrastructure for a world in transition. During 2022, the Company developed a Transition Strategy to guide its response to the climate-related risks and opportunities arising from the expected transition of the global econo
Slide 4: Managing Director & CEO's Address: FY22 highlights
Managing Director & CEO’s Address Thank you David, and Good Morning ladies and gentlemen. Slide 7: FY22 highlights I am pleased to report that Dalrymple Bay Infrastructure had a successful FY-22. We delivered a Terminal Infrastructure Charge (TIC ) of $3.18 per tonne for the year, up 5.3% on the pri
Slide 5: ESG highlights and outlook
With long term Take-or-Pay contracts, strong cashflow, an investment grade balance sheet, identifiable growth options and a strong distribution policy, the Company remains well positioned to continue to deliver value to securityholders. Slide 8: ESG highlights We continue to deliver on our sustainab
Slide 6: NECAP Charge and QCA Levy
• NECAP Charge: Non-expansionary capital expenditure (NECAP) at DBT earns a return on invested capital set at the 10 Year Australian Government Bond rate plus a margin, 6 as well as a return of the invested capital in the form of a depreciation allowance. The expected increase in the NECAP Charge to
Slide 7: Growth opportunities
Slide 12: Growth opportunities The DBI Transition strategy highlighted the long-term resilience of the Dalrymple Bay Terminal, enabling DBI to build resilience through strategic diversification. Organic growth will be driven via our Non-Expansionary Capital (NECAP) program and, potentially, our 8X p
Slide 8: Annual General Meeting May 2023 Brisbane
Annual General Meeting 24 May 2023 Brisbane
Slide 9: Today's presenters and agenda
Today’s presenters and agenda DBI’s Board and Executive 01 Team 02 Chair's Address 03 Managing Director's Address Hon Dr David Hamill AM Anthony Timbrell Chair Managing Director & CEO 04 Formal Business of Meeting 05 Closure of meeting 2 Annual General Meeting | May 2023
Slide 10: DBI's Board of Directors
DBI’s Board of Directors 3 Annual General Meeting | May 2023
Slide 11: DBI's Executive Team
DBI’s Executive Team 4 Annual General Meeting | May 2023
Slide 12: Chair's Address
Chair's Address 5
Slide 13: Managing Director's Address
Managing Director's Address
Slide 14: FY22 Highlights
FY22 Highlights TIC Rate EBITDA(2) Net Debt Distribution Shipments Safety $3.18 $264.2m $1,759.8m 19.185 cps 53mt of AIFR of 4.8(5) +5.3% vs +41% vs FY21 Down vs FY21 +6.6% vs FY21(4) exports to 23 Significant TY21/22(1) level of countries Improvement on $1,795.9m(3) FY21 (1) TIC Year (TY) runs from
Slide 15: Key ESG highlights
Key ESG highlights 98.5% 33% 100% Transition Strategy of water utilised was captured on site DBI female Executive Leadership renewable benefits secured by DBT in Developed and released with 2022 and recycled Electricity Sale Agreement(1) Sustainability report 68% 34% Zero of waste was recycled or re
Slide 16: Stable and predictable revenue profile
Stable and predictable revenue profile TIC revenue is not impacted by throughput (due to take-or-pay contracts), Force Majeure events(1) or customer defaults due to socialisation mechanism(2) TY-23/24 TIC forecast post year end, with an 8.7% uplift to ~$3.45 per tonne. The forecast increase reflects
Slide 17: Investment grade balance sheet
Investment grade balance sheet Investment grade credit profile with diversified funding sources (1,2) Funding Source(1,2) (by Facility Limit at 31 March 2023, %) • ~$2.70 billion of total facility limits of which ~$1.82 billion was drawn at 31 March 2023 • Weighted average tenor of 6.91 years(3) • $
Slide 18: Transition strategy
Transition strategy DBI expects strong demand for DBT’s services through the period to 2050 and beyond 01 02 03 04 05 Forecast long term The transition to a low DBT retains attractive DBI will monitor the To remain resilient in the demand for Australian carbon economy may lead opportunities for orga
Slide 19: Growth opportunities
Growth opportunities The DBI Transition Plan highlights the long-term resilience of DBT enabling DBI to build resilience through strategic diversification Competitive advantages Organic and external growth focus 01 Ability to navigate complex regulatory situations Organic growth opportunities • DBT
Slide 20: 2023 strategic priorities
2023 strategic priorities 01 Commence approved NECAP Projects 02 Commence negotiations with access seekers with regard to access pricing terms for 8X 03 Identify opportunities for diversification that align with DBI's transition strategy 04 Progressive alignment of DBI’s climate-related risk assessm
Slide 21: Glossary
Glossary $ Australian Dollar unless otherwise stated FFO Funds From Operations /t Per metric tonne Group DBI and its wholly owned or controlled entities 8X Project Expansion program to bring terminal capacity to 99.1Mtpa m Million AU Access Undertaking. Sets out the terms of terminal access, the pro
Slide 22: Formal Business of Meeting
Formal Business of Meeting
Slide 23: Item 1 - Financial Report, Directors' Report and Auditor's Report
ITEM 1 - ORDINARY BUSINESS Financial Report, Directors’ Report and Auditor’s Report To receive and consider the Financial Report of the Company and its controlled entities and the Reports of the Directors and Auditor for the period ended 31 December 2022. 16 Annual General Meeting | May 2023
Slide 24: Item 2 - Re-election of Director – Eileen Doyle
ITEM 2 - ORDINARY BUSINESS Re-election of Director – Eileen Doyle In accordance with the ASX Listing Rules and the Constitution of the Company, Eileen Doyle is retiring by rotation and being eligible, offer herself for re-election to the Board of the Company. To consider and, if thought fit, pass th
Slide 25: Eileen Doyle
Eileen Doyle Non-Executive Director 18 Annual General Meeting | May 2023
Slide 26: Proxy Summary - Re-election of Eileen Doyle
PROXY SUMMARY - ITEM 2 Re-election of Director – Eileen Doyle (1) Proxy Summary For Against Open/Discretionary Total 354,264,779 20,450 1,904,574 356,189,803 99.46% 0.01% 0.53% 71.85% (as a % of issued capital) 24.13% (459,574) of these discretionary votes are held by the Chair and will be voted in
Slide 27: Item 3 - Re-election of Director – Raymond Neill
ITEM 3 -- ORDINARY BUSINESS Re-election of Director – Raymond Neill In accordance with the ASX Listing Rules and the Constitution of the Company, Raymond Neill, being eligible, offers himself for re- election to the Board of the Company To consider and, if thought fit, pass the following resolution
Slide 28: Raymond Neill
Raymond Neill Non-Executive Director 21 Annual General Meeting | May 2023
Slide 29: Proxy Summary - Re-election of Raymond Neill
PROXY SUMMARY - ITEM 3 Re-election of Director – Raymond Neill (1) Proxy Summary For Against Open/Discretionary Total 347,109,286 7,175,942 1,899,574 356,184,802 97.45% 2.01% 0.53% 71.85% (as a % of issued capital) 23.93% (454,574) of these discretionary votes are held by the Chair and will be voted
Slide 30: Item 4 - Adoption of Remuneration Report
ITEM 4 - ORDINARY BUSINESS Adoption of Remuneration Report To consider and, if thought fit, pass the following resolution as an ordinary resolution: Resolution 3: That the Remuneration Report for the reporting period ended 31 December 2022 be adopted. The Remuneration Report is set out on pages 31-4
Slide 31: Proxy Summary - Adoption of Remuneration Report
PROXY SUMMARY - ITEM 4 Adoption of Remuneration Report Proxy Summary (1) For Against Open/Discretionary Total 353,645,226 501,872 1,898,074 356,045,172 99.33% 0.14% 0.53% 71.82% (as a % of issued capital) 23.87% (453,074) of these discretionary votes are held by the Chair and will be voted in favour
Slide 32: Item 5 - Renewal of Proportional Takeover Provisions
ITEM 5 - SPECIAL BUSINESS Renewal of Proportional Takeover Provisions To consider and, if thought fit, pass the following resolution as a special resolution: Resolution 4: That the Company renew the proportional takeover provisions contained in rule 7 of the Company’s Constitution for a period of th
Slide 33: Proxy Summary - Proportional Takeover Provisions
PROXY SUMMARY ITEM 5 Renewal of Proportional Takeover Provisions Proxy Summary (1) For Against Open/Discretionary Total 353,952,749 248,352 1,904,574 356,105,675 99.40% 0.07% 0.53% 71.83% (as a % of issued capital) 24.13% (459,574) of these discretionary votes are held by the Chair and will be voted
Slide 34: Closure of Meeting
Dalrymple Bay Infrastructure CLOSURE OF MEETING
Slide 35: 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). Summary Information This presentation contains summary information about the Company and its related entities and their activities, current as at 24 May
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