Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — H1 2022 Earnings Presentation
22 slides from Dalrymple Bay Infrastructure's earnings presentation, Aug 29, 2022
Slide 1: Investor Presentation: 2022 Half Year Financial Results
Investor Presentation 2022 Half Year Financial Results 29 August 2022
Slide 2: Essential infrastructure for a world in transition
Essential infrastructure for a world in transition Dalrymple Bay Infrastructure (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.
Slide 3: Today's presenters and agenda
Today’s presenters and agenda 01 1H-22 Highlights 02 Sustainability Highlights 03 User negotiations Anthony Timbrell Stephanie Commons Managing Director & CEO Dalrymple Bay Infrastructure Chief Financial Officer Dalrymple Bay Infrastructure 04 8X Expansion 05 Financial performance 06 Outlook 3 Inves
Slide 4: 1H-22 highlights
1H-22 highlights Delivered stable consistent financial results supported by fully contracted take or pay volumes Strong 1H-22 Financials Distribution in line with Guidance Operational Performance • Terminal Infrastructure Charge (TIC) • 1H-22 distributions of 9.135 cps • 24.9mt of coal exported in 1
Slide 5: Sustainability Highlights
Sustainability Highlights 5
Slide 6: Strong commitment to Environmental, Social and Governance
Strong commitment to Environmental, Social and Governance Vision ESG Highlights and 1H FY22 Performance Essential infrastructure for a world in transition Zero fatalities or serious injuries on site at DBT Purpose Provide efficient and reliable infrastructure through sustainable asset No environment
Slide 7: User Negotiations
User Negotiations
Slide 8: User Negotiations
User Negotiations 01 02 03 04 Negotiations remain Negotiations are being DBI remains optimistic it Adjustments to Access ongoing and confidential, undertaken on a collective will reach pricing Charges payable by Users and no agreement has basis with all of DBT’s agreements with all or a arising from
Slide 9: 8X Expansion
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Slide 10: 8X expansion
8X expansion A well-defined pathway to 99.1Mtpa through the 8X Expansion • Determination received from the Queensland Competition Authority on the pricing method for the 8X expansion of the Dalrymple Bay Terminal. • Determination provides for Socialisation resulting in the 8X expansion being treated
Slide 11: Financial Performance
Financial Performance 11
Slide 12: Profit and Loss
Profit and Loss During 1H-22, DBI reported EBITDA of $97.5m and a net operating profit after tax of $6.6m Profit & Loss, A$ million Note 1H FY2022 1H FY2021 1 TIC Revenue Since the start of the new regulatory period on 1 July 2021, DBI has continued to charge customers under the previous pricing arr
Slide 13: Cashflow statement
Cashflow statement DBI’s FFO and cashflow for 1H FY22 has increased compared to comparative prior year period Cashflow, A$ million Note 1H FY2022 1H FY2021 1 IPO Costs $3.6m of the estimated IPO Transaction Costs have been reversed in the current period. TIC Revenue 102.0 100.9 G&A Expenses (excludi
Slide 14: Balance Sheet
Balance Sheet DBI maintained an investment grade balance sheet with a gearing of 75.1% of asset base Balanc e Sheet A$ million Note 30-Jun-22 31-Dec -21 Cash 1 The balance at 30 June 2022 includes $56 million of funds raised in the 2021 USPP issue Cash 1 89.9 42.0 2 funded in March 2022 which were i
Slide 15: 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, %) • $2.4 billion of total facility limits of which $1.99 billion was drawn at 30 June 2022 • Weighted average tenor of 6.98 years(3) c.80% Capital Markets Ba
Slide 16: Outlook
Outlook
Slide 17: Outlook and priorities for 2022
Outlook and priorities for 2022 Progress pricing Balance Maintain negotiations sheet Distribution • Continue to engage with customers • Maintain investment grade balance sheet • FY22 Guidance of 18.27cps reaffirmed • Pricing to be backdated to 1 July 2021 • Continue to ensure diversity in funding •
Slide 18: Appendix
Appendix Investor Presentation | August18 2022
Slide 19: Longstanding relationships with high quality users and strong alignment through the value chain
Longstanding relationships with high quality users and strong alignment through the value chain Diversified User portfolio comprising some of Contracted Capacity – User Composition Users maintain strong credit ratings and reliance on the port the world’s largest mining companies (2022)(1) Investment
Slide 20: Reconciliation of statutory borrowings to drawn debt
Reconciliation of statutory borrowings to drawn debt Borrowings A$ million Note 3 0 -Jun-2 2 3 1 -D ec-2 1 1 Fair value adjustments booked on acquisition of DBT Group entities BALANCE SHEET Current borrowings 436.2 9.0 On acquisition of the DBT Entities, a fair value adjustment of $48.4 million was
Slide 21: Glossary
Glossary $ Australian Dollar unless otherwise stated Group DBI and its wholly owned or controlled entities /t Per metric tonne IPO Transaction Costs Also known as IPO Costs. IPO Transaction Costs are defined in Note 30 to DBI’s Financial Report for the period ended 31 December 2020 released 8X Expan
Slide 22: 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 that are not historical facts. Such forward looking statements involve known and unknown risks, uncertainties and Company). other factors which because of their na
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