DUET Investor Presentation November 2005 a~ - - PowerPoint PPT Presentation

DUET

November 2005

Investor Presentation

2

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5

* Economic stake initially 89% reducing to 60% as consortium partners (Alinta & Alcoa) pay up partly paid units in DBP

arbq=lîÉêîáÉï=J eáëíçêó

July 2003: DUET acquires 66% of United Energy Distribution, 74.9% of Multinet Gas and 5.9% of AlintaGas Networks August 2003: POWERS preferred units list on ASX following POWERS IPO March 2004: AMP Capital announces 50:50 JV with Macquarie Bank for

• ngoing management of DUET

August 2004: DUET lists on ASX (acquires additional 5% of Multinet), financial results exceed IPO SPDS forecasts Oct/Nov 2004: DBNGP acquired, DUET stake 60%* December 2004: A$398 million DUET entitlement issue and A$155 million POWERS entitlement issue and placement

6

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7

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* RE1 is AMPCI Macquarie Infrastructure Management No 1 Ltd, RE2 is AMPCI Macquarie Infrastructure Management No 2 Ltd

8

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arbq kçî=map cv=DMR B=s~ê E~ÇàìëíÉÇF ^Aã Group Revenue 758.7 758.1 Group EBITDA 486.6 494.6 +1.6 Group Net Result 47.7 59.7 +25.2 Group Net Cash Flow 83.2 133.2 +60.1 Parent Net Result1 79.2 84.9 +7.2 Parent EPSU1,2 24.0c 25.4c +5.8 Distribution PSU2 21.7c 22.0c +1.4 Group Gearing3 74% 68%

• 1. Profit available for distribution, before equity accounted profit and revaluations
• 2. Distribution/Earnings per stapled unit
• 3. Net Debt / Total Assets

9

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15

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DUET

Appendices

19

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