Dalrymple Bay Infrastructure Ltd. · ASX:DBI
Dalrymple Bay Infrastructure — H1 2025 Earnings Presentation
31 slides from Dalrymple Bay Infrastructure's earnings presentation, Aug 25, 2025
Slide 1: 2025 Half Year Financial Results – Investor Presentation
ASX Announcement 25 August 2025 2025 Half Year Financial Results – Investor Presentation Dalrymple Bay Infrastructure Limited (ASX:DBI) (“DBI” or “the Company”) releases today the attached Investor Presentation of its 2025 Half Year Financial Results for the period ended 30 June 2025. -ENDS- Authori
Slide 2: Investor Presentation 2025 Half Year Financial Results
Investor Presentation 2025 Half Year Financial Results
Slide 3: Presenters
Presenters 01 Overview 02 H1-25 Highlights Format photo 03 Stable and predictable business model 04 Financial Performance Michael Riches Stephanie Commons Chief Executive Officer Chief Financial Officer 05 Growth optionality 06 Strategic Priorities 07 Appendices 2 Investor Presentation | August 2025
Slide 4: Overview
Overview 3
Slide 5: Dalrymple Bay Infrastructure (DBI)
Dalrymple Bay Infrastructure (DBI) 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. Through further organic investment in DBT and
Slide 6: DBI, via the Dalrymple Bay Terminal, services predominantly metallurgical coal mines
DBI, via the Dalrymple Bay Terminal, services predominantly metallurgical coal mines in the Bowen Basin. DBI Customer base1 DBI Asset Location Customer2 Mine German Creek, Moranbah Anglo American North, Grosvenor Bowen Coking Coal32 Broadmeadow East Fitzroy Australia Resources Carborough Downs, Broa
Slide 7: H1-25 Highlights
H1-25 Highlights 6
Slide 8: H1-25: Highlights
H1-25: Highlights EBITDA FFO TIC Rate1 Growth Distributions Safety $143.8m $84.1m $3.72/t $405.5m 11.75cps3 Zero +5.3% vs H1-24 +13.8% vs H1-24 + 3.6% vs TIC Rate of capital projects + 9.3% vs H1-24 incidents causing for TY24/25 underway2 serious injury or illness 1. The TIC Rate of $3.72 per contra
Slide 9: Stable and predictable business model
Stable and predictable business model 8
Slide 10: DBI’s financial performance is underpinned by a low-risk business model
DBI’s financial performance is underpinned by a low-risk business model Light-handed Force Majeure Pass through regulation protection of operating costs DBI has a pricing agreement with DBI has strong force majeure protection All the terminal’s operating and customers on the Terminal Infrastructure
Slide 11: Terminal Infrastructure Charge (TIC) – inflation linked pricing model
Terminal Infrastructure Charge (TIC) – inflation linked pricing model Terminal Infrastructure Charge (TIC) TIC Components1 TY-22/23 TY-23/24 TY-24/25 TY-25/26 • DBI receives TIC revenue on every tonne of contracted capacity Actual Actual Actual Actual (84.2Mtpa) Base TIC ($/t) 3.10 3.32 3.44 3.52 •
Slide 12: DBI’s pricing model delivers a highly predictable revenue profile
DBI’s pricing model delivers a highly predictable revenue profile Growing TIC revenue… ….delivers financial leverage • TIC will continue to grow via Base TIC escalation with inflation and investment in the • The bulk of DBI’s opex costs are passed through NECAP program • DBI’s effective EBITDA margi
Slide 13: Commitment to growing total securityholder returns
Commitment to growing total securityholder returns Target to distribute 60-80% of Funds from Operations (FFO) TY-25/26 Distribution Guidance • Distribution guidance for TY-25/261 of 24.50 cps, paid in quarterly instalments of 6.125 cps. • Guidance represents a 6.5% uplift on TY-24/25. Distribution P
Slide 14: Financial Performance
Financial Performance 13
Slide 15: Profit & Loss and Cashflow statement
Profit & Loss and Cashflow statement H1-25 Revenue, EBITDA and net profit all up on H1-24, Strong improvement in FFO during H1-25 (+13.8% on H1-24) through demonstrating resilience of business model higher revenue and disciplined cost management Profit & Loss, A$ million H1-25 H1-24 Cashflow, A$ mil
Slide 16: Capital Allocation Options
Capital Allocation Options Investment grade credit profile with stable outlook delivers capital flexibility • A$2.33 billion1,5 of total limits with A$1.82 billion5 Debt Maturity Profile at 30 June 2025 DBI generates significant available cash after (By Facility Limit, $ million)1,5 drawn at 30 June
Slide 17: Interest rate and hedge book profile
Interest rate and hedge book profile No FX risk and limited interest rate risk with high level of fixed debt issuance and floating to fixed swaps Profile of hedged position at 30 June 20252 • 100% of all foreign currency debt (A$ million) swapped back to AUD – no FX risk • Interest rate risk is mana
Slide 18: Growth Optionality
Growth Optionality 17
Slide 19: Organic Revenue Growth Opportunities
Organic Revenue Growth Opportunities DBI has a range of organic growth opportunities, with varying degrees of capital intensity, that are expected to underpin a continued uplift in revenue, ultimately driving improved FFO which supports sustainable distribution growth Optimisation NECAP Organic Grow
Slide 20: Non-Expansion Capital Expenditure (NECAP)
Non-Expansion Capital Expenditure (NECAP) Investment in NECAP contributes to an uplift in TIC • NECAP refers to capital works undertaken to maintain DBT to an NECAP Summary Status Report at 1 July 2025 appropriate standard at its current rated capacity and includes both ongoing sustaining capex and
Slide 21: Organic growth opportunity – 8X Project
Organic growth opportunity – 8X Project 8X remains a viable capacity expansion project within the existing terminal footprint that can be delivered in phases and parts of phases to meet customer demand Well-defined pathway to 99.1Mtpa of contracted capacity 8X capacity will likely be subject to
Slide 22: Selective External Growth through DBI’s core competitive advantages
Selective External Growth through DBI’s core competitive advantages Our competitive advantages, along with the long-term resilience of DBT, provide the opportunity to develop a portfolio of assets via external growth opportunities 1 2 3 4 5 Regulatory Capital deployment Operational Funding Key exper
Slide 23: DBI’s external growth opportunities
DBI’s external growth opportunities DBI’s competitive advantages together with defined growth filters frame the external growth opportunities that may be assessed to drive shareholder value beyond DBT DBI’s growth filters High barriers Outsourced Potential for capital Focused primarily on Provide op
Slide 24: Strategic Priorities
Strategic Priorities 23
Slide 25: Strategic priorities over FY-25
Strategic priorities over FY-25 DBI’s strategic priorities are focussed on delivering total securityholder returns 1 Delivering organic revenue growth through new revenue initiatives and the implementation of approved NECAP Projects Pursuing opportunities to service long-term capacity needs of metal
Slide 26: Appendices
Appendices 25
Slide 27: Reconciliation of statutory borrowings to drawn debt
Reconciliation of statutory borrowings to drawn debt 1 Fair value hedge adjustments Borrowings A$ million Note 30-Jun-25 31-Dec-24 Fair value adjustments to debt recognised under fair value hedge Current borrowings - - relationships. Non-current borrowings 1,724.2 1,750.9 Total debt disclosed in fin
Slide 28: Pathways to decarbonisation
Pathways to decarbonisation Emission scope Emissions1 Short term Medium Term Long Term Scope 1: 57 (tCO2-e/YEAR) Commence transition to hybrid, plug in Remainder of vehicles to be at Transition fleet to electric DBI site vehicles hybrid or fully electric for some site vehicles. least hybrid or plug
Slide 29: Social and Governance highlights
Social and Governance highlights Safety, Health & Wellbeing Employee Diversity and Inclusion Community and Partnerships For each financial year, the Group sets a Diversity, Equity and Inclusion is a cultural During 1H-25, DBI continued its community comprehensive set of leading indicators that refle
Slide 30: Glossary
Glossary $ Australian Dollar unless otherwise stated FFO Funds From Operations means EBITDA less net finance costs and less current tax /t Per metric tonne expense. 8X Project Expansion program to bring terminal capacity to 99.1Mtpa Group DBI and its wholly owned or controlled entities AU Access Und
Slide 31: 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). Financial data Summary Information All figures in the presentation are Australian dollars ($ or A$) unless stated otherwise. This presentation contains s
Dalrymple Bay Infrastructure — H1 2025 Earnings Presentation on 6ix