APA Group · ASX:APA
APA — Ethane Pipeline Income Fund — Investor Presentation (November 2011)
16 slides from APA's investor presentation, Nov 24, 2011
Slide 1: ASX Release: Investor meeting presentation
ASX RELEASE 24 November 2011 The Manager Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street Sydney NSW 2000 Electronic Lodgement Dear Sir or Madam Company Announcement I attach the following announcement for release to the market: • Investor meeting presentation
Slide 2: Investor Meeting 24 November 2011
Investor Meeting 24 November 2011
Slide 3: Introductions and Agenda
Introductions and Agenda Introductions – Board of APA Ethane Limited, the Responsible Entity for EPX • Robert Wright – Non-Executive Director, Chairman • Rick Coles – Non-Executive Director • Nancy Fox – Non-Executive Director – Management • Sam Pearce – Fund Manager • Mark Knapman – Company Secre
Slide 4: Brief Overview
Brief Overview Principal Activity – Investment in the Moomba to Sydney Ethane Gas Pipeline, through wholly owned subsidiary, Gorodok Pty Limited – Pipeline – 1375km in length, running through regional NSW as well as the urban areas from Wilton into Botany Commercial Arrangements – Pursuant to a
Slide 5: Distributions in FY12 (year to date)
Distributions in FY12 (year to date) FY11 Distributions In FY12, EPX has announced Period Date Paid Amount distribution for quarter ending Sept11 Per of 3.72 cents per security Security Today, EPX has announced the (cents) distribution for the period ending July 11 - Sept 11 14 Oct 11 3.72 Dec11
Slide 6: FY11 Results
FY11 Results Statutory Results FY11 Distributions $’000 % Period Date Amount Per Change Paid Security Revenue 26,524 1.9 ▲ (cents) Net Profit After Tax 7,555 14.3 ▲ July 10 - Sept 10 15 Oct 10 3.90 Operating Cash Flow 15,113 6.9 ▼ Oct 10 - Dec 10 14 Jan 11 3.83 Operating Cash 21.8 cents 6.9 ▼ Jan 11
Slide 7: Balance Sheet Summary
Balance Sheet Summary Actual FY11 ($000) FY 12 Expectations Cash and cash equivalents Current 4,245 • By end June 2012, the Fund will have Non-current 10,820 sufficient available cash to repay Total cash and cash equivalents 15,065 Investec debt in full Property, plant and equipment 40,908 • Other c
Slide 8: Key Issues
Key Issues Repayment of Investec Debt Facility Repaid in instalments from Dec 10 Current quarterly amortising repayments of ~$2.2m Expected to be finalised in FY12. Once repaid, cash available for distribution will Final repayment due in Dec 12 increase. Non Routine Operating Costs Supervising
Slide 9: Ethane Pipeline – Wilton to Port Botany
Ethane Pipeline – Wilton to Port Botany Presentation 8
Slide 10: Ethane Pipeline – mine subsidence
Ethane Pipeline – mine subsidence Presentation 9
Slide 11: Ethane Pipeline – through Sydney
Ethane Pipeline – through Sydney Presentation 10
Slide 12: Ethane Pipeline – SRA quadruplication project
Ethane Pipeline – SRA quadruplication project Presentation 11
Slide 13: Ethane Pipeline Scraper Station
Ethane Pipeline Scraper Station Ethane Pipeline 200 mm diameter Presentation 12
Slide 14: Bulla Park Pump Station
Bulla Park Pump Station Ethane Pump Station From Moomba To Sydney Presentation 13
Slide 15: Question & Answer Session
Question & Answer Session Questions on notice Questions at the meeting Presentation 14
Slide 16: Disclaimer
Disclaimer This Presentation has been prepared by APA Ethane Limited (ACN 132 157 290) the responsible entity of the Ethane Pipeline Income Trust (ARSN 118 961 167) and Ethane Pipeline Income Financing Trust (ARSN 118 961 023) (Ethane Pipeline Income Fund (the Fund)). Summary information This Presen
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