Acquisition of the QCLNG Pipeline and Entitlement Offer 10 December - PowerPoint PPT Presentation

Acquisition of the QCLNG Pipeline and Entitlement Offer 10 December 2014 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Disclaimer � This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) in its capacity as the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) ( APA Group ). A reference in this presentation to ‘APA’ is a reference to APA Group and its subsidiaries, as applicable. � This presentation has been prepared in relation to the acquisition of the QCLNG Pipeline and a pro-rata accelerated renounceable entitlement offer of new APA Group stapled securities ( New Securities ) to fund in part the acquisition, to be made to: Eligible institutional securityholders of APA Group ( Institutional Entitlement Offer ); and – Eligible retail securityholders of APA Group ( Retail Entitlement Offer ), – under section 1012DAA of the Corporations Act 2001 (Cth) ( Corporations Act ), as modified by Australian Securities and Investments Commission ( ASIC ) Class Order CO [08/35] (together, the Entitlement Offer ). � Information: This presentation contains summary information about APA Group and its activities which is current as at the date of this presentation. The information in this presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in APA Group or that would be required in a product disclosure statement prepared in accordance with the requirements of the Corporations Act. The historical information in this presentation is, or is based upon, information that has been released to the Australian Securities Exchange ( ASX ). This presentation should be read in conjunction with APA Group's other periodic and continuous disclosure announcements which are available at www.asx.com.au. Certain information in this presentation has been sourced from BG Group plc and its associates ( BG Group ). Whilst steps have been taken to review that information, APA Group is not in a position to warrant its accuracy. � Not financial product advice: Australian Pipeline Limited is not licensed to provide financial product advice in relation to securities in the APA Group. This presentation is for information purposes only and is not financial product or investment advice or a recommendation to acquire APA Group securities and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and consult an investment adviser if necessary. Cooling off rights do not apply to the acquisition of APA Group securities. � Past performance: Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. � Future performance: This presentation contains certain "forward-looking statements" such as indications of, and guidance on, future earnings and financial position and performance. Forward-looking statements can generally be identified by the use of forward-looking words such as, 'expect', 'anticipate', 'likely', 'intend', 'could', 'may', 'predict', 'plan', 'propose', 'will', 'believe', 'forecast', 'estimate', 'target', 'outlook', 'guidance' and other similar expressions within the meaning of securities laws of applicable jurisdictions and include, but are not limited to, forecast EBITDA, operating cashflow, distribution guidance, estimated asset life, the outcome and effects of the Entitlement Offer and the use of proceeds. The forward-looking statements contained in this presentation are not guarantees or predictions of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of APA Group, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Refer to the 'Key Risks' section of this presentation for a summary of certain general and APA Group specific risk factors that may affect APA Group. There can be no assurance that actual outcomes will not materially differ from these forward-looking statements. A number of important factors could cause actual results or performance to differ materially from the forward-looking statements, including the risk factors set out in this presentation. Investors should consider the forward-looking statements contained in this presentation in light of those disclosures. The forward-looking statements are based on information available to APA Group as at the date of this presentation. Except as required by law or regulation (including the ASX Listing Rules), APA Group undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Indications of, and guidance on, future earnings or financial position or performance are also forward-looking statements. � Investment risk : An investment in securities in APA Group is subject to investment and other known and unknown risks, some of which are beyond the control of APA Group. APA Group does not guarantee any particular rate of return or the performance of APA Group. Investors should have regard to the risk factors outlined in this presentation when making their investment decision. � 2 APA Group, December 2014 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES