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1Message from  2the Chairman and 3Managing Director4FY23 was another solid year of delivery for APA.5Over the past 12 months we delivered earnings and 6distribution growth, invested in infrastructure to support 7Australia’s energy security and refreshed our strategic 8ambition – to be the partner of choice in delivering 9infrastructure solutions for the energy transition. 10With execution against this strategy building momentum, we 11have revitalised our executive team to position us to capture 12future growth opportunities. We also made good progress 13on our three strategic priorities – ensuring our people 14are engaged, motivated and safe; delivering operational 15excellence; and creating value for investors and communities. 16Financial performance17Our financial performance in FY23 was underpinned by 18the reliability of our operations and the strength of our 19infrastructure and capabilities. Total statutory revenue 20(excluding pass-through revenue) was $2,353 million, up  215.1%, driven by a strong Energy Infrastructure performance 22and initial contributions from Basslink. 23Earnings before interest, tax, depreciation and amortisation 24(Reported EBITDA) of $1,686 million represented a  253.4% increase on the previous year and on an underlying 26EBITDA basis, earnings were up 2% to $1,725 million. 27Statutory profit after tax (including significant items) was up 2810.4% to $287 million.29Our performance enabled the Board to declare a final 30distribution of 29.0 cents, taking the FY23 distribution to  3155.0 cents per security, in line with guidance. This represents 32an increase of 3.8% on FY22 and has been delivered in 33parallel with our ongoing significant investment to build 34capability and capitalise on emerging growth opportunities.35Our people36The skills and dedication of our people are critical to our 37ongoing success, and their safety and engagement remain a 38priority focus area.39We reported zero fatalities and zero serious injuries in FY23 40and achieved a 42% reduction in our potential serious harm 41incident frequency rate compared to FY22. This was the 42result of our focus on incident prevention and drive towards 43continuous improvement in safety performance. 44Our Total Recordable Injury Frequency Rate (TRIFR) increased 45slightly this year following a 42% decrease in FY22.46Over the last 12 months we also progressed our strategy to 47improve employee inclusion and diversity. Highlights included 48increasing female representation across our total workforce 49from 29.5% to 31.8% and in senior leadership roles from  5030.4% to 31.4%. These trends are a direct result of the specific 51action we’ve taken to attract women to APA and support their 52career progression. 53We also completed a comprehensive review of like-for-like 54roles and where any gender pay equity gaps were identified, 55we ensured they were immediately addressed. 56Delivering operational excellence 57Delivering operational excellence goes to the heart of our 58social licence and underpins our ongoing financial results. In 59FY23 we opened our new national state-of-the-art Integrated 60Operations Centre – a facility that will allow us to support all 61our customers and markets from one central location. 62In process safety we recorded three Tier 1 incidents, including 63a rupture on our Young-Lithgow pipeline during a flooding 64event, as well as two power outages highlighting the need 65to ensure we are always vigilant in the operation and 66maintenance of our assets.67Creating value68Creating value is central to our success and underpins our 69ability to deliver for customers, investors, communities and 70our people. 71In FY23 we brought clarity to our growth strategy. Our focus 72is to be the partner of choice in our selected asset classes of 73contracted renewables and firming, electricity transmission, 74gas transportation and future energy. 75We already have momentum with the execution of this 76strategy. In FY23 we invested $845 million in growth 77opportunities and completed several major projects. This 78included the delivery of the largest remote-grid solar farm in 79Australia, the Dugald River Solar Farm, the acquisition of the 80Basslink interconnector which further expands our electricity 81transmission business, delivery of the first stage of the East 82Coast Gas Grid expansion and completion of the Northern 83Goldfields Interconnect (NGI) pipeline, providing greater 84energy security and supporting growth and transition in the 85Western Australia resources sector.86287APA GROUP  ANNUAL REPORT 202388The secret instrument is a "trumpet".