About APA

APA Group (APA) is comprised of the Australian Pipeline Trust and APT Investment Trust.  A major ASX-listed gas transportation business with interests in gas infrastructure across Australia, including 12,000 km of natural gas pipelines, over 2,800 km of gas distribution networks and gas storage facilities.  APA is Australia's largest transporter of natural gas, delivering more than half of Australia's annual gas use through its infrastructure.

APA also has investments in other energy infrastructure through its minority interest in companies, including Envestra, the Ethane Pipeline Fund, and Energy Infrastructure Investments. APA’s involvement also extends to the provision of Commercial, Accounting, Corporate operations and maintenance services to these companies.

APA has an internalised management structure with direct operational control over its assets and no fee leakage. APA employs over 1,100 people, who perform all commercial, regulatory, government and stakeholder-related functions, as well as the day-to-day operations and maintenance for both APA assets.

APA generates strong and secure cash flow from contractual and regulatory arrangements on its assets.

As Australia’s leading gas transportation infrastructure business, APA is well positioned to benefit from the forecasted future growth of Australia’s gas market.

APA’s key strategies are to retain a focus on gas infrastructure assets in Australia’s energy market, including:

transmission, storage and distribution across Australia

enhancements to the core portfolio of assets through organic growth

Leverage APA’s knowledge and skills base – commercial, regulatory, engineering and operational – to extract maximum value and maintain competitive advantage within the marketplace

Maintain a strong balance sheet, underpinned by a medium term target Gearing range of 65-70%; and

Continue to grow operating cash flows.