APA Group (APA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by, and welcome to the APA Group 2026 Half Year Results. All participants are in a listening mode. There will be a presentation, followed by a question and answer session. If you wish to ask a question, you will need to press the star key, followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Adam Watson, Managing Director and CEO. Please go ahead. Thank you and good morning everyone. Thank you for joining us for today's first half FY26 results presentation. I'm joined by Garrick Rollison, our CFO, as well as our investor relations team. Let me start by acknowledging the Gadigal people of the Eora Nation, traditional custodians of the land on which I'm speaking. First Nations people have taken care of our land and waterways for the past 60,000 years. We acknowledge and pay our respects to their elders past and present. As always, I'll start today's presentation with a safety share on slide four. To prepare for extreme weather conditions, we conduct a summer readiness program including activities such as site clearing and weed prevention. I'm pleased to say that we haven't had any weather related customer impacts so far this summer. I'd like to thank the APA operations team for the fantastic work they do to keep our people and our assets safe and to keep our customers' operations going 24-7. Suffice to say we are very pleased with today's results. I'll highlight three key takeaways to slide five. First, we've delivered a strong financial result. we're continuing to deliver against our commitments. Underlying EBITDA is up 7.6% and our EBITDA margins have expanded by 280 basis points. Much of this has been driven by our cost reduction initiatives, which included a 13.6% reduction in corporate cost...