DALRYMPLE Bay Infrastructure has had a successful 2022 financial year, according to its managing director and CEO Anthony Timbrell.
Speaking at the company’s 2023 annual general meeting, he said DBI’s EBITDA grew 41% to $264.2 million.
The ASX-listed company manages the Dalrymple Bay Coal Terminal, one of the two coal export facilities at Hay Point in Queensland.
“Operationally, we handled more than 53 million tonnes of coal, of which 76% was metallurgical coal, to 23 countries,” Mr Timbrell said.
“Coal shipments to China have recently recommenced with the first vessels bound for China arriving at the terminal in February of this year.”
Mr Timbrell said the company is aware that environmental drivers and international commitments towards net-zero greenhouse gas emissions may impact DBI’s existing business.
He said a key focus for DBI over the course of the year was the development of its transition strategy.
“DBI’s vision is broader than any single asset or commodity. It incorporates expectations of continuing investment in the maintenance, growth and diversification of DBT while seeking to explore long-term growth opportunities to diversify DBI’s infrastructure portfolio,” he said.
“To remain resilient in an evolving global operating environment, DBI has developed an overarching transition strategy which will allow DBI to prepare for a future amidst a changing climate and to consider opportunities to best position and diversify its business.”
