Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — Citi Australia & New Zealand Investment Conference 2021
19 slides from Dalrymple Bay Infrastructure's conference presentation, Oct 13, 2021
Slide 1: ASX Announcement: Investor Presentation – Citi Australia & New Zealand Investment Conference
ASX Announcement 13 October 2021 Investor Presentation – Citi Australia & New Zealand Investment Conference Dalrymple Bay Infrastructure Limited (ASX:DBI) (“DBI” or “the Company”) releases the attached presentation that will be presented at the Citi Australia & New Zealand Investment Conference toda
Slide 2: Investor Presentation – Citi's Australia & New Zealand Investment Conference
Infrastructure Investor Presentation Citi's Australia & New Zealand Investment Conference October 2021
Slide 3: A critical link in the global steel supply chain
A critical link in the global steel supply chain Majority of new Queensland metallurgical coal projects are Long lease life, with optionality to expand expected to come from the central Bowen Basin ort ot int ; = ee Coe 99m. potential capacity after &x expansion pathway implemented? 99... \Hf/ 85...
Slide 4: Why invest in DBI?
Why invest in DBI? Critical link in the global steel supply chain 26% ~82% ~17% Australian Met Coal Metallurgical coal Global metallurgical Exports @) throughput in 1H 2021 coal exports in 2020 i oht- ‘ 100% take-or-pay No relief for Users where The QCA approved a move to a light- handed regulation
Slide 5: Whole-of-terminal commitment to ESG and sustainability
Whole-of-terminal commitment to ESG and sustainability FOCUS AREAS FOCUS AREAS Safety Healthy Reef and Ecosystems Positive Culture and Leadership Water Management Proactive Communication and Climate Change and Renewable Innovative Thinking People | Environment Energy Transition Ongoing Learning and
Slide 6: Transition Strategy Planning
Transition Strategy Planning DBI's Vision is to provide “Essential infrastructure for a world in transition” Jan 2019 – Dec 2020 Mar 2021 Apr 2021 Jun 2021 Aug 2021 Oct 2021 Aug 2020 DBT Listed on DBI Climate Hydrogen Commenced Hydrogen Sustainability Sustainability ASX Change scoping Transition MOU
Slide 7: Transition to light handed regulatory framework
Transition to light handed regulatory framework 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 c
Slide 8: Engaging with Customers post Regulatory Reset
Engaging with Customers post Regulatory Reset K a ais 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 agreement has been re
Slide 9: Significant progress made on planning for a further material expansion of the asset
Significant progress made on planning for a further material expansion of the asset (Mtpa) 24 99.1 55 BL 39 — — : | | : Current 8X Phase 1 ‘8X Phase 2 8X Phase 3 8X Phase 4 ‘After 8X Expansion Estimated Captal costs" $246m $223m $46im $340m 8X: $1,276m Current pathway 8X Expansion Pathway 1 1 1 1 1
Slide 10: Financial Overview
Financial Overview The statutory results for 1H-21 were in line with Prospectus forecast on a TIC Revenue and adjusted EBITDA and adjusted FFO basis. Prospectus 1. Handling Revenue and Costs Profit & Loss 1H FY21 Forecast Variance Handling Revenue and Handling (Operator) Costs were 8% lower than Pro
Slide 11: Investment Grade balance sheet
Investment Grade balance sheet Investment grade credit profile with diversified funding sources Funding Source™) (by Facility Limit, %) $2.1 billion of total debt facilities) of which $1.9 billion was drawn at 30 June 2021 — headroom of $233 million Bank Debt $260 million of bank debt was refinanced
Slide 12: Essential infrastructure for a world in transition
Essential infrastructure for a world in transition DBI considers the existing terminal to be critical infrastructure for a world in transition, given DBT’s role in the global steel supply chain, with steel being fundamental to a modern economy DBI has commenced the development of an overarching tran
Slide 13: 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 14: Appendix
Appendix
Slide 15: 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) Existing Users: Access Agreements Existing Users: Access Agreements Terms of Access Access seekers: apply for access under AU
Slide 16: 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 the world’s largest mining companies * Key Users maintain strong credit ratings and reliance on DBT with take-or-pay contracts with evergreen renewal option
Slide 17: Glossary
Glossary $ 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 Access Undertaking. Sets
Slide 18: 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 25 Augu
Slide 19: Disclaimer and Important Notices
Disclaimer and Important Notices Non-IFRS financial measures This presentation refers to certain measures that DBI uses to manage and report on its business that are not recognised under Australian Accounting Standards. These measures are collectively referred to as “non-IFRS financial measures” und
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