Apa Group · ASX:APA
Apa — Shareholder Meeting (October 2006)
11 slides from Apa's shareholder meeting presentation, Oct 30, 2006
Slide 1: Financial Highlights
Financial Highlights Implementing Our Growth Strategy Corporate Activity in Energy Sector | Outlook
Slide 2: Financial Highlights of FY06
Financial Highlights of FY06 @ Net profit before significant items - $60.7 million e Core revenue growth (excluding pass- ‘through revenue) - $15.3 million or 5.5% on PY; @ Operational cost savings: e@ Offset by higher interest expense on increased borrowings and tax; e Full year distribution increa
Slide 3: Significant Items
Significant Items FY 2006 Pre-Tax Tax After Tax : ; : $m $m $m Stress corrosion cracking provision (41.3) 3.4 . (7.9) APA Group tax consolidation ” 7.5 75 benefit ; Settlement of tariff dispute 3.3 (1.0) 2.3 Total oe (8.0) 9.9 19 FY-2005 Stress corrosion cracking provision. (23.5) 7A (16.5) APA Grou
Slide 4: Franking Credits
Franking Credits @ All distributions will be unfranked for at least the next two years due to. entry into tax consolidation regime. @ APA's goal is to grow distributions by at least CP! | annually. —
Slide 5: Our Growth Strategy
Our Growth Strategy e@ = Short, medium and long term strategy is regularly reviewed @ Core and complementary assets are identified @ We plan to pursue these when assets come up for sale
Slide 6: prneet’
> o) io) prneet’ 4) wheel 6p) aon prea = O Soe O Soe ~ Oo 0) — pre Cc 0) = ®D Q. = r Murraylink HL Goldfields Gas @ Transmission
Slide 7: Implementing our Growth Strategy
Implementing our Growth Strategy
Slide 8: Gas supply to eastern Australia remains a critical issue
. Gas supply to eastern Australia remains a critical issue in the next decade CSG.is a significant and developing supply option for eastern Australia PNG Project > FEED activities relating to. the PNG Pipeline Project being scaled back » APA remains committed to taking a significant and increased ow
Slide 9: Corporate Activity
Corporate Activity @ AGL/Alinta Merger -»~ APA remain focused on running our business efficiently. and profitably and for the benefit of our-unitholders e@ Acquisition Strategy >We bid competitively for acquisitions because of-our ‘unique business model
Slide 10: Legend
LEGEND ccc —— Pipelines Murraylink. on ==mus Proposed State and Tetritory boundry WANG Foritiry BB Aligas Distribution System Ei Gas storage facility BY cae processing facility on EB Capital cities i @ Point of interest aon So nnnnnnnannnnnNnnNHHANONNOANOANOAANOANNNNONNONANONNNNNNNNA ANN ha a
Slide 11: Financial Results To Date
Financial Results To Date Continues Growth Trend since Listing sm Net. Profit from Recurring Operations 70 60 50 40 30.5 20-5 10. 0+ 2001 2002 2003. 2004 2005 2006 it