Dalrymple Bay Infrastructure Ltd Stapled (Ordinary Share , Unsecured note)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$D | LOCK|>> | LOCK|md%#hms |
Dalrymple Bay Infrastructure's Distributions Growing Strongly as Terminal Charges Step Higher
Business Strategy and Outlook
Dalrymple Bay Infrastructure’s sole asset is the Dalrymple Bay Coal Terminal. Under the current agreement with customers, terminal infrastructure charges rise with CPI and to recoup agreed capital expenditure. The terminal has no exposure to coal prices and take-or-pay contracts protect from changes to volumes for at least the medium term. Coal handling and other operations are outsourced to third-party contractors, whose costs are directly passed through to customers. The terminal is lightly regulated under the purview of the Queensland Competition Authority to ensure Dalrymple Bay Infrastructure doesn’t abuse its market power.
