APA GROUP — Investor Presentation 2013

Jun 13, 2013

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APA’s gas transmission portfolio

Ross Gersbach Chief Executive Strategy and Development UBS Resources, Energy and Utilities Conference 14 June 2013

Disclaimer

This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) ( APA Group ).

Summary information: This presentation contains summary information about APA Group and its activities current as at the date of this presentation. The information in this presentation is of a general background nature and does not purport to be complete. It should be read in conjunction with the APA Group’s other periodic and continuous disclosure announcements which are available at www.apa.com.au.

Not financial product advice: Please note that 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.

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, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions.

This presentation contains such statements that are subject to risk factors associated with the industries in which APA Group operates which may materially impact on future performance. Investors should form their own views as to these matters and any assumptions on which any forward-looking statements are based. APA Group assumes no obligation to update or revise such information to reflect any change in expectations or assumptions.

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. Not an offer: This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security.

APA Group: June 2013

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APA Group overview

Australia’s largest gas infrastructure business

A well positioned portfolio

$5.4 billion[(1)] S&P/ASX 50[(2)] MSCI and FTSE world indices

Market cap

Assets $12 billion owned/ 14,120 km gas transmission operated 2 gas storage facilities

25,000 km gas distribution

 Unrivalled gas asset portfolio

• Interconnected pipeline grid on the east coast

• Long term business and secure cash flow

• Diversity by asset and geography

450 MW power generation[(3)]

239 km HV electricity transmission

Australia’s largest natural gas pipeline owners

Transporting 50% of natural gas consumed in Australia, 70% in east Australia

Employees More than 1,500

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SingaporePower 1,770 km
DUET 1,828 km
APAGroup APA SEA Gas ENV EII 14,120 km [(][1][)]
5,000 10,000 15,000
Pipeline length (km)
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• (1) As at 31 May 2013

• (2) To be included after market close 21 June 2013

• (3) Includes the Diamantina and Leichhardt power stations under development

• (1) Includes 100% of the pipelines operated by APA Group which form part of its energy investments: SEA Gas, Envestra and Energy Infrastructure Investments.

. Source: APA & AER State of the Energy Market 2012

APA Group: June 2013

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Strategic development of APA’s pipeline portfolio

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APA’s east coast grid:
• > 7,000 km of pipelines
Darwin
• 5 major pipelines
• 5 states and territories
Mount Isa
Pilbara
region
Goldfields Gladstone
region
Brisbane
Perth
Sydney
Adelaide
APA natural gas pipelines (including investments)
Other natural gas pipelines Melbourne
Gas resource Gas production
LNG export facility
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• HDF acquisition consistent with APA’s strategy of enhancing and expanding pipeline portfolio

• Fulfils APA’s vision of creating an east coast pipeline grid

• Additional benefit … beginnings of a north west pipeline grid

• Since completing the acquisition ...

• Sale of MAPS completed

Integration nearing completion

• Developing new services and operations across the grid

Over 13 years, APA has developed an interconnected pipeline portfolio

APA Group: June 2013

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Benefits of APA’s east coast pipeline grid

Shippers better able to manage their upstream gas portfolio with service offerings

• Simplifying the movement of gas across assets and jurisdictions – “seamless service”

• Greater flexibility in managing the movement of gas

• across the grid – multi-directional flows

• Improved service platform to meet individual customer needs – one stop shop for integrated flexible services

Operational benefits

• Enhanced operational efficiencies

• Optimisation of grid capacity and capability

• More efficient capital expenditure for increased capacity and/or new services

The grid optimises the use of APA’s infrastructure and generates new revenue opportunities

APA Group: June 2013

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Adaptability of APA’s pipeline grid

• Pipeline grid system has greater adaptability, able to respond to short and long term market changes

• New and changing gas supply sources

• Changes in shape and size of demand

• Adapting to current gas market issues

• Perceived gas shortage in New South Wales

• Gas pricing and gas demand

• Re-contracting foundational supply and transportation agreements

Culcairn compressor station, NSW

Enables bi-directional gas flow between NSW and Vic

APA’s infrastructure integral to the transportation of gas across the east coast

APA Group: June 2013

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Connecting new gas developments to market

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BONAPARTE
 Incremental and BASIN
brownfield expansion McARTHUR
BASIN
opportunities
– brings new gas to CANNING
markets BASIN GEORGINA
GALILEE
BASIN
– BASIN
adds incremental gas
flows to existing APA
pipelines BOWEN
BASIN
AMADEUS BASIN
 Pipelines closely situated
COOPER/EROMANGA SURAT
to new gas fields BASIN BASIN
–
accelerates gas GUNNEDAH
commercialisation BASIN
GLOUCESTER
BASIN
 Capital underwritten by
long term revenue
arrangements
APA natural gas pipelines (including investments)
Other natural gas pipelines
GIPPSLAND
OTWAY
Gas resource Gas production BASIN BASIN
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APA Group: June 2013

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Conclusion

APA is well positioned in a growing and dynamic market

• APA is able to expand and enhance its energy infrastructure portfolio across Australia in line with increasing demand for gas and energy services

• APA’s pipeline grid provides benefits to APA, its customers (shippers) and to the broader market

• APA’s pipeline grid is adaptable to periods of change and uncertainty in the gas market

• APA is uniquely positioned to capture returns from new connecting pipelines to gas developments, and add incremental gas flows from these into its existing pipelines

APA Group: June 2013

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For further information contact Chris Kotsaris Investor Relations, APA Group Tel: +61 2 9693 0049 E-mail: chris.kotsaris@apa.com.au

Delivering Australia’s energy

or visit APA’s website www.apa.com.au