Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — H1 2021 Earnings Presentation
26 slides from Dalrymple Bay Infrastructure's earnings presentation, Aug 25, 2021
Slide 1: ASX Announcement: Half Year Results - Investor Presentation
ASX Announcement 25 August 2021 For personal use only Half Year Results - Investor presentation Dalrymple Bay Infrastructure Limited (ASX:DBI) (“DBI” or “the Company”) releases today the attached investor presentation of its half year results for the period ended 30 June 2021. -ENDS- Authorised for
Slide 2: Forward Looking Statements
forecasts, prospects or returns contained in this announcement nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making an investment decision, you should consider, with or
Slide 3: 2021 Half Year Financial Results
| Infrastructure 2021 Half Year Financial Results August 2021
Slide 4: Today's Presenters and Agenda
Today’s Presenters and Agenda Anthony Timbrell Managing Director & CEO Dalrymple Bay Infrastructure Stephanie Commons Chief Financial Officer Dalrymple Bay Infrastructure 1H-21 Highlights 1H-21 Financial Performance Regulatory Framework Overview Key Priorities for CY-21
Slide 5: 1H-21 Highlights
1H-21 Highlights Delivered stable, consistent 1H-21 financial results, meeting Prospectus forecasts For personal use only QCA approved transition to light-handed regulation from 1 July 2021 Delivered aggregate 1H-21 distribution1 of 9 cents per security, in line with Prospectus. Distribution g
Slide 6: Why invest in DBI?
Why invest in DBI? 0 Critical link in the global steel supply chain 29 % Queensland's coal ‘exports in FY2019/20 The QCA approved a move to a light- handed regulation model allowing the Company to negotiate commercial price setting } arrangements with customers, rather than be bound by a reference ~
Slide 7: 1H-21 Financial Performance
For personal use only 1H-21 Financial Performance
Slide 8: Financial Overview
Financial Overview The statutory results reflect DBI's acquisition of the DBT Entities on listing on 8 December 2020. Consequently, actual results differ to the forecast provided in DBI’s Prospectus which assumed listing and acquisition of the DBT Entities on 1 December Prospectus @® Handling Revenu
Slide 9: Cashflow Statement
Cashflow Statement DBI’s cashflow for the period, net of Liquidity Facility movements, was within Prospectus forecast, with variances mainly due to timing TIC Revenue G&A Expenses (excluding IPO Costs) ‘G&A Expenses (reversal of IPO Costs) EBITDA Back out IPO costs reversal ‘Adjusted EBITDA Net Inte
Slide 10: Balance Sheet
Balance Sheet Balance Sheet Variance ‘A$ million BALANCE SHEET cash 1 382 139.1 (100.9) Other current assets 440 49.0 60) Total current assets 823 188.1 (105.8) Intangible assets 2 3,111.0 3,110.2 08 Financial assets 2673 2633 40 ‘Other non-current assets 16 04 12 Total non-current assets 33799 3,37
Slide 11: Key Credit Highlights
Key Credit Highlights” Investment grade credit profile with diversified funding sources Funding Source!) (by Facility Limit, %) * $2.1 billion of total debt facilities(+2) of which $1.9 billion was drawn at reporting date — headroom of $233 million * Post 30 June, $260 million of bank debt was refin
Slide 12: Regulatory Framework Overview
For personal use only Regulatory Framework Overview
Slide 13: Revenue & Price Setting
Revenue & Price Setting The Queensland Competition Authority (QCA) approved a light-handed regulatory framework under a negotiate- arbitrate model, commencing from 1 July 2021 and applying for five years until the next review date. Commercial negotiations with customers are currently underway and DB
Slide 14: Engaging with Customers post Regulatory Reset
Engaging with Customers post Regulatory Reset For personal use only DBI recently commenced the process of negotiating with its customers under the light-handed framework DBI has provided all information required by the QCA to its customers The negotiations remain ongoing, confidential and no agreeme
Slide 15: Key priorities for CY-21
For personal use only Key priorities for CY-21
Slide 16: Outlook and priorities for CY-21
Outlook and priorities for CY-21 Continue to progress negotiations with customers under the light-handed regulatory environment Deliver total distributions for CY-21 of 18 cents per security Target 60-80% payout ratio with 1-2% p.a. DPS growth Maintain investment grade balance sheet a Deliver our wh
Slide 17: Appendix
For personal use only Appendix
Slide 18: 2021 Regulatory Reset
2021 Regulatory Reset Impact of a transition to a lighter handed framework under the 2021 AU Previous (expired 1 July 2021) 2021 AU (lighter handed regulation) (1 July 2021) For personal use only Existing Users: Access Agreements Existing Users: Access Agreements Terms of Access Access seekers: appl
Slide 19: Sustainability Strategy
Sustainability Strategy DBI’s Sustainability Strategy, in partnership with the Operator, reflects a strong, whole-of-terminal commitment to ESG principles FOCUS AREAS Safety Positive Culture and Leadership Proactive Communication and Innovative Thinking Ongoing Learning and Development Health and We
Slide 20: 2021 ESG Priorities and Highlights
2021 ESG Priorities and Highlights Our ESG priorities for FY21 will focus on sustainability and climate change Climate change e Shorten the timeframe for net zero commitment for Scope 1 and 2 emissions by considering a 100% renewable power purchase agreement for DBT at the next renewal date!; e Defi
Slide 21: Longstanding relationships with high quality Users
Longstanding relationships with high quality Users and strong alignment through the value chain * Diversified User portfolio comprising some of the world’s largest mining Users maintain strong credit ratings and reliance on the port companies Relationship * Key Users maintain strong credit ratings a
Slide 22: Terminal expansion to accommodate export growth
An expansion of the terminal 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) “37 “136 3a 842 HEH Current 8X Phase 1 Multiple 9x
Slide 23: Reconciliation of Statutory Borrowings to Net Debt
Reconciliation of Statutory Borrowings to Net Debt Non- $ million Statutory Statutory Non-statutory(1) For personal use only statutory 31 December 30 June 2021 30 June 2021 31 December 2020 2020 Short Term Debt Bank Facilities 27.0 27.0 33.0 33.0 Note Facilities - - - - Long Term Debt Bank Facilitie
Slide 24: Reconciliation of Statutory Borrowings to Drawn Debt
Reconciliation of Statutory Borrowings to Drawn Debt Reconcile Reported Borrowings to AUD Equivalent Drawn Debt Note $ million For personal use only Current borrowings 27.0 Non-current borrowings 1,975.2 Total borrowings per financial report 2,002.2 Adjustments: Fair Value adjustments to debt assume
Slide 25: Glossary
Glossary For personal use only $ Australian Dollar unless otherwise stated m Million /t Per metric tonne Mt Million tonnes 8X Expansion expansion program to bring terminal capacity to 97.5Mtpa Mtpa Million tonnes per annum ARR Annual Revenue Requirement NECAP Non-expansionary capital expenditure Acc
Slide 26: 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 For personal use only Company). correctness of the informa
Dalrymple Bay Infrastructure — H1 2021 Earnings Presentation on 6ix