Overview of Dalrymple Bay Infrastructure's FY23 performance

Dalrymple Bay Infrastructure Limited (ASX: $DBI) has released its Appendix 4E (Preliminary Final Report) and Full Year Financial Report for the period ended 31 December 2023. The company's investor call is scheduled for 26 February 2024. DBI aims to provide safe and efficient terminal infrastructure and services for producers and consumers of high-quality Australian coal exports. The company's forward-looking statements, distribution information, net tangible assets per security, audit details, and directorship changes are also provided in the announcement. DBI's principal activities, distributions, operational and financial review, environmental, social, and governance (ESG) performance, regulatory environment, organic growth in non-expansionary capital (NECAP) expenditure, outlook, risk management, future developments, and other relevant information are included in the announcement.

Executive Commentary on FY23 Performance and Strategic Initiatives

The company's principal activity is the provision of capacity to independent customers to ship coal through the Dalrymple Bay Terminal (DBT) located at the Port of Hay Point, south of Mackay in Queensland. DBI announced a Q4-23 distribution of 5.375 cents per security, taking the total announced distributions for FY-23 to 20.80 cents per security. The company's net operating profit after income tax for the reporting year was $73.9 million. DBT exported over 55 different grades of metallurgical coal to more than 20 countries in FY-23. DBI is committed to achieving net zero Scope 1 and Scope 2 greenhouse gas emissions from DBT operations by 2050. The company expects to invest in excess of $500m in NECAP projects over the decade to 2031. DBI's 2023 Sustainability Report outlines its Transition Strategy to guide its strategic response to climate-related risks and opportunities. The company's operations are subject to significant regulatory oversight as DBT is a "declared service" under the Queensland Competition Act 1997. DBI retains significant expansion optionality to accommodate metallurgical coal exports from the Bowen Basin via the 8X Project to expand capacity at DBT to 99.1Mtpa. The company has established corporate governance and risk management frameworks and procedures to ensure the management of key business risks. DBI's business and operations are exposed to various risks including workplace health and safety, environmental, regulatory oversight, expansion, user default, financial and funding, and operational disruptions.

Overview of DBI's Financial Performance and Strategic Outlook

Dalrymple Bay Infrastructure Limited (DBI) has provided a comprehensive overview of its financial performance, strategic initiatives, and risk management approach in the Appendix 4E and Full Year Financial Report for the period ended 31 December 2023. The company's commitment to achieving net zero Scope 1 and Scope 2 greenhouse gas emissions by 2050, along with its substantial investment plans in NECAP projects, demonstrates its focus on sustainability and future growth. DBI's significant expansion optionality and adherence to regulatory oversight position it well for potential growth opportunities. The company's robust corporate governance and risk management frameworks further enhance its ability to navigate various business risks. The announcement offers valuable insights for investors and stakeholders, providing a transparent view of DBI's performance and strategic direction.