Investor Presentaiton
Targeted investment in capability and responding to the changing needs of our customers
and communities
$546m
$35m
$16m
$7m
$7m
$31m
$628m
FY22 Costs Operating
Young-
Costs
Lithgow
repair
Change in
net assets
Asset Mgt Capability FY23 Costs
and
corporate
•
•
•
•
•
Key drivers
Operating costs higher, with approximately one third of the increase due to 2H23 investment
in Electricity Generation & Transmission business development capability, as well as
implementation of our emissions reduction program. The balance largely relates to inflation
related cost increases over the year
Costs associated with the Young-Lithgow repairs
Movement in cost base associated with net asset movements – largely relating to the
acquisition of Basslink and sale of Orbost
Increased Asset Management costs due to a higher proportion of low margin projects
Capability and corporate costs increased 27% in FY23 with higher investment across key
areas including: technology and business resilience; regulatory, risk and compliance;
sustainability and corporate affairs
FY24 cost considerations¹
In the Energy Infrastructure segment, FY24 is expected to see annualisation and further
growth in costs associated with Electricity Generation & Transmission business
development capability, as well as our emissions reduction program.
Capability and corporate costs in FY24 expected to grow at around half the growth rate of
FY23 with ongoing investment in capability. This growth rate is expected to taper in FY25
before expected stabilisation in FY26.
(1) The cost considerations on this slide reflect management's current expectations. They are based on management's view of the current and anticipated needs of APA Group in the relevant financial years. They are subject to review and change from time to time. See the disclaimer
in slide 2 of this presentation for further details regarding forward-looking statements.
apa
APA FY23 Results Investor Presentation
28View entire presentation