APA Group · ASX:APA
APA — Ethane Pipeline Income Fund — Investor Presentation (November 2013)
16 slides from APA's investor presentation, Nov 18, 2013
Slide 1: ASX Release: Investor meeting presentation
ASX RELEASE 18 November 2013 The Manager ASX Market Announcements 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 Your
Slide 2: Investor Meeting 18 November 2013
Investor Meeting 18 November 2013
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 Independent Director • Nancy Fox – Non-Executive Independent Director – Management • Sam Pearce – Fund Manager • Mark
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 FY14 (year to date)
Distributions in FY14 (year to date) Distribution Sept Dec On 15 August 2013, EPX announced (cps) (paid 15 Oct 13) (payable 15 Jan 14) the distribution for the quarter ending Sep13 of 3.29 cents per security and franking credits of 1.09 cents per Cash 3.29 3.29 security. The cash distribution Fran
Slide 6: FY13 Results
FY13 Results Statutory Results FY13 Distributions $’000 % Period Date Paid Cash Franking Change per credits per Revenue from PTA 26,507 1.4 ▲ security security (cents) (cents) Net Profit After Tax 5,855 79.2▲ July 12 - Sept 12 12 Oct 12 4.35 - Operating Cash Flow 12,351 24.9▼ Oct 12 - Dec 12 15 Jan
Slide 7: Balance Sheet Summary
Balance Sheet Summary Actual FY13 ($000) FY14 Expectations Cash and cash equivalents Current 5,281 • Tax payable on lodgement of income tax Non-current 2,169 return in December 2013 for FY13 of Total cash and cash equivalents 7,450 $3.4m Property, plant and equipment 36,285 • Full year of Pay-As-You
Slide 8: FY14 Guidance
FY14 Guidance Distribution Sept Dec Mar June (actual) (announced) (forecast) (forecast) (cps) Cash 3.29 3.29 3.0 – 3.5 3.0 – 3.5 Franking 1.09 1.09 1.0 – 1.2 1.0 – 1.2 Total 4.38 4.38 4.0 – 4.7 4.0 – 4.7 Based on the above guidance distributions will be paid: – around 80% from EPIT fully franked –
Slide 9: Key Issues
Key Issues Revised volumes received from Qenos Pty Limited Revised forecast throughput volumes to Dec 14 Expected to reduce FY14 revenues Maintenance shutdown in Oct 13 Distribution guidance reflects the impacts Product Transportation Agreement changed post Sept 13 on revenues Non Routine Oper
Slide 10: Ethane Pipeline – Wilton to Port Botany
Ethane Pipeline – Wilton to Port Botany Presentation 9
Slide 11: Ethane Pipeline – mine subsidence
Ethane Pipeline – mine subsidence Presentation 10
Slide 12: Ethane Pipeline – through Sydney
Ethane Pipeline – through Sydney 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 – Does the Fund have any comments on the recent article in The Australian Financial Review 26 October 2013 - “Santos and AWU share Qenos job-loss fears” 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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