DUET Group (OTCPK:DUETF) Q3 2015 Earnings Conference Call August 21, 2015 9:00 PM ET David Bartholomew - Chief Executive Officer Good morning. My name is David Bartholomew, CEO of DUET Group. For all those that have joined us via the webcast and teleconferencing channels, welcome to our 2015 results presentation. Also with me today is our CFO, Jason Conroy, who is presenting with me on today’s call. The agenda for today’s presentation is set out on Slide 3. I will first summarize the highlights of the group’s performance. Jason will then present the group’s financial results and a summary of our capital management activities. After that, I will provide an operational update for each of our businesses and our proposed acquisition of the energy developments and discuss our priorities for the year ahead. Time will be set aside for questions at the end of the presentation. Slide 4 summarizes our performance highlights for the 2015 financial year and recent months. DDG commissioned its first two gas transmission development projects, the 109-kilometer Wheatstone Ashburton West Pipeline and the 270-kilometer Fortescue River Gas Pipeline. Both pipelines have commenced billing and FY ‘16 will see the first full year earnings contribution from these projects. We are seeking further development and acquisition opportunities to build on the success of these projects and the relationships we have developed with Chevron and Fortescue. DDG is also finalizing its proposal to the Northern Territory government to build, own and operate the North Eastern Gas Interconnector pipeline, with submissions due at the end of September. Last month, we announced a landmark transaction for the group. We have reached agreement to acquire 100% of ASX listed Energy Developments Limited, or EDL by way of a scheme of arrangement. The acquisition will greatly enhance the diversity of our cash flows and provide an attractive source of growth for the group. I will provide more details on that transaction and a progress update later in the presentation. On the regulatory front, both United Energy and DBP have submitted initial proposals for their 2016 to 2020 regulatory resets. United Energy is expecting its draft decision, which will set tariffs for calendar year 2016 in the last quarter of 2015. DBP’s draft decision is expected in the last quarter of 2015 or in early 2016, with the final decision in mid 2016. The regulator’s cost of capital guidelines and the AER’s focus on the use of efficient cost benchmarks to set regulatory expenditure allowances have provided greater transparency and predictability around the likely range of outcomes for each of those draft determinations. Having reached the required threshold distance of replaced pipeworks, Multinet Gas has submitted a pass-through application to the AER for its accelerated pipeworks replacement program, which is expected to be approved in fourth quarter this year. On the capital management side, it’s been another active period. Earlier this month, we completed a $1.67 billion equity capital raising to fund our proposed acquisition of EDL. The raising was oversubscribed and strongly supported by institutional and retail security holders. Given the size of the capital raising part of what was conducted by way of a placement with UniSuper taking a cornerstone position. It’s very pleasing to have a one and only infrastructure specialist investor such as UniSuper validate our acquisition of EDL and DUET’s strategy and outlook. More