Investor Presentation - 2026 Macquarie Australia Conference

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Stock Dalrymple Bay Infrastructure Ltd (DBI.ASX)
Release Time 5 May 2026, 8:19 a.m.
Price Sensitive Yes
 Investor Presentation - 2026 Macquarie Australia Conference
Key Points
  • Dalrymple Bay Infrastructure (DBI) is the largest global metallurgical coal export facility, servicing 21 mines in the Central Bowen Basin
  • DBI has a range of growth opportunities, including capacity optimization, NECAP investments, and an 8X expansion option
  • DBI has an investment grade balance sheet with a BBB rating and stable/positive outlook
Full Summary

Dalrymple Bay Infrastructure (DBI) through its foundation asset, the Dalrymple Bay Terminal (DBT), aims to provide safe and efficient terminal infrastructure and services for producers and consumers of high quality Australian metallurgical coal exports. DBT is the world's largest metallurgical coal export facility, serving as a global gateway from the Bowen Basin and a critical link in the global steelmaking supply chain. DBI currently services 21 mines in the Central Bowen Basin, with the northernmost mine located 231km from Abbott Point and the southernmost 383km from the Port of Gladstone, highlighting the strategic location of DBT. DBI has a range of growth opportunities, including capacity optimization and revised security arrangement initiatives, NECAP investments that deliver an uplift in the Terminal Infrastructure Charge (TIC), and an 8X expansion option that can be delivered in phases to meet customer demand. The company has an investment grade balance sheet with a BBB rating and stable/positive outlook, having executed two refinancing events since December 2025 to diversify its debt portfolio, lower its cost of debt, and maintain adequate liquidity for committed NECAP projects.

Guidance

DBI has provided an uplift in its TY-25/26 distribution guidance to 26.375cps, which provides compounding benefits for securityholders in future years. The company's distribution policy targets distributing between 60% to 80% of Funds From Operations (FFO), with a target distribution per security growth of 3-7% per annum for the foreseeable future, subject to business developments and market conditions.

Outlook

DBI's range of growth opportunities, including capacity optimization, NECAP investments, and the 8X expansion option, are expected to underpin a continued uplift in revenue, ultimately driving improved FFO to support growing distributions to securityholders.