Apa Group · ASX:APA
Apa — Macquarie Australia Conference 2015
19 slides from Apa's conference presentation, May 6, 2015
Slide 1: Connecting opportunities
For personal use only Connecting opportunities Connecting resources to markets through a sustainable strategy Peter Fredricson, Chief Financial Officer Macquarie Australia Conference, Sydney 7 May 2015
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) (APA Group). Summary information: This presentation contains su
Slide 3: Australia's largest gas pipeline owner by pipeline length, capacity and volume
Australia’s largest gas pipeline owner by pipeline length, capacity and volume For personal use only APA Overview (Ticker: APA AU) APA assets and investments Market capitalisation A$10.7 billion (as at 30 April 2015) Under development Acquisition - financial close pending ASX rank(1) S&P/ASX 50 APA
Slide 4: Stable and predictable cashflows
Stable and predictable cashflows Customers associated with many contracted assets provide essential services: For personal use only – Regulated gas distribution systems – Major power generation facilities Counterparty credit ratings by contracted volumes(1) 1H 15 Revenue split by contract type for
Slide 5: APA's long term strategy
APA’s long term strategy Consistent execution of a sustainable growth strategy since listing in 2000 For personal use only We’re focused on building and enhancing our core business of gas infrastructure assets Continuing to grow our Leveraging our asset ownership interests in management, transmi
Slide 6: APA listing - June 2000
APA listing - June 2000 For personal use only APA Group │ Macquarie Conference May 2015 │ 6
Slide 7: Responding to market demands - May 2015
Responding to market demands - May 2015 For personal use only APA Group │ Macquarie Conference May 2015 │ 7
Slide 8: Where to from here – strategic development
Where to from here – strategic development For personal use only Continue to connect resources to markets, by working with our customers New pipelines and expansions are underwritten by customer contracts Provision of new services responding to customers’ needs and developing new opportunities
Slide 9: Key initiative – east coast grid innovation
Key initiative – east coast grid innovation For personal use only Transformational change in service provision - seamless, flexible, new options/solutions Ongoing development and growth opportunities APA Group │ Macquarie Conference May 2015 │ 9
Slide 10: Production vs Consumption in the east
Production vs Consumption in the east For personal use only APA provides services to satisfy market demands, which enables: Supply to meet demand, and Demand encouraging new supply 800 PJ Gas Consumption TAS by Eastern States SA Gas Production by Eastern regions Otway / Bass / Gippsland VIC Sydn
Slide 11: QCLNG Pipeline acquisition - adds km and access to Gladstone
QCLNG Pipeline acquisition - adds 543 km and - access to Gladstone For personal use only APA Group │ Macquarie Conference May 2015 │ 11
Slide 12: Emerging opportunity – NT Link
Emerging opportunity – NT Link For personal use only Options Short/quick - Mount Isa: 600 km Long/ $$$ - Moomba: 1,175 km …or somewhere in between Why link? NT has >200,000 PJ of gas resources1 Seamless transport between Timor Sea, Bass Strait, Sydney and Gladstone Long term additional s
Slide 13: Opportunities in the West
Opportunities in the West For personal use only GGP expansion projects complete Eastern Goldfields Pipeline − greenfield − long term GTAs with AngloGold − using 3 interconnected APA pipelines − replace diesel with gas − completion due by Jan 2016 Customers that take long term view of their ene
Slide 14: Further growth – Australian midstream sector
Further growth – Australian midstream sector For personal use only APA will actively pursue increased investment opportunities in the midstream sector North American oil and gas industry has distinct upstream and midstream sectors Opportunities for the Australian upstream sector to pursue a simi
Slide 15: Operational excellence - IOC
Operational excellence - IOC For personal use only APA’s new Integrated Operations Centre will provide seamless services to our customers on the East Coast Grid Better response to market changes Holistic management of the Grid Standardised and consistent processes and procedures Real-time en
Slide 16: Maintaining a strong balance sheet
Maintaining a strong balance sheet For personal use only Growth needs to be sustainably funded with APA’s Distribution Policy appropriate capital structure Fully covered by OCF Capital Management 31 Dec 2014 30 Jun 2014 Sustainable over the long term Gearing (1,2,3) 44.5% 64.2% Grow generally
Slide 17: Long term, diverse debt portfolio
Long term, diverse debt portfolio For personal use only March 15 issuance – ongoing access to global markets: – EUR700m 7yr notes @1.375% coupon Weighted average interest rate applying – EUR650m 12yr notes @2.0% coupon to drawn debt reduced to 5.6%* – GBP600m 15yr notes @3.5% coupon – USD1,100m
Slide 18: APA – Connecting Resources to Markets
APA – Connecting Resources to Markets For personal use only Largest gas infrastructure portfolio in Australia in terms of scale and geographic diversity Stable and predictable cash flow from price regulated assets and long term contracts Quality customer base and diversified asset footprint Quality
Slide 19: For further information contact
For personal use only For further information contact Delivering Australia’s Energy Yoko Kosugi Head of Investor Relations, APA Group Tel: +61 2 9693 0049 E-mail: yoko.kosugi@apa.com.au or visit APA’s website www.apa.com.au APA Group │ Macquarie Conference 2015 │ May 2015