Head to Queensland

1. Head to Queensland For industries heading somewhere

2. Invest Queensland What we do: • Queensland Government’s investment attraction agency • Attract strategic investment • Promote Queensland’s location advantages against site selection criteria • Facilitate introductions, site visits and project establishment • Champion projects with the Government and departments • Manage QIIS investment incentive scheme

3. Invest Queensland “Head to Queensland” marketing campaign launched March 2006 • IQ brand launch • www.investqueensland.com.au • e-newsletter • Promotional events • Advertising • New sectoral collateral

4. Queensland - snapshot Population 4.1 million Capital city Brisbane Climate Subtropical – 300 days sunshine a year Natural wonders Barrier reef, rainforests, beaches, outback Intl. airports Brisbane, Cairns, Gold Coast Major Ports Brisbane, Cairns, Gladstone, Townsville

5. Queensland key advantages • Dynamic economy • Smart industries • Motivated skilled multicultural workforce • Pro-business government • Sophisticated infrastructure • Security - IP protection, sovereign risk • Cost competitive • Low business taxes • Location options – strong vibrant regions • Enviable lifestyle

6. Queensland business Gross State Product by Industry Source: ABS Cat No 5220.0, 2007

7. Queensland time zone Asian Time Zone Asia-Pacific Markets European Time Zone American Time Zone North American Markets European Markets Australia Brisbane 6pm Brisbane = 7am London 12 noon Brisbane = 9am Shanghai 9am Brisbane = 5pm New York Working Day

8. Our fast growing economy 3.8% 2.8% 2.7% 2.2% 1.4% Economic Growth Sources: GSP and economic growth for Queensland sourced from Queensland Treasury, GSP/GDP for other States and Australia sourced from ABS, New Zealand sourced from Statistics New Zealand Notes: Data for States and Australia generally 2005/06 financial year, international data for 2005 calendar year.

9. Infrastructure spending A$ billion spent on infrastructure

10. SEQ infrastructure plan Pipeline Construction DamConstruction To be filled by current investigations

11. Business R&D spend

12. Our resilient economy Our resilient economy Resilience to economic cycles

13. Affordable office rental costs CBD office rents US$ per metre per annum Note: Data reflects office space in the central business district. Data is based on total occupancy costs Source: CB Richard Ellis Global Market Rents May 2007

14. Electricity at attractive prices Electricity costs for industrial users (US$) Source: IMD World Competitiveness Yearbook 2007

15. Our low business taxes Payroll tax ** For payrolls $1,000,000 to $4 million, deduction of $1,000,000, reducing by $1 for every $3 payroll exceeds $1,000,000 Source: States' Treasury Departments

16. Our motivated workforce Working days lost due to industrial disputes

17. Our quality of living Our quality of living Quality of life

18. Live better at lower cost Cost of living (New York City = 100) Source: Mercer Human Resource Consulting, 2007

19. Queensland – a low risk move Risk of political instability 2007 Note: The higher the rating, the better the stability Source: IMD World Competitiveness Yearbook 2007

20. Priority sectors • Aviation and aerospace • Advanced manufacturing • Biotechnology • Creative industries • Food processing and agribusiness • Information & Communications technology • Marine industries • Mining and clean coal technology • Pharmaceuticals & nutraceuticals • Services • Venture capital

21. Biotech sector development • $1.5 billion government investment in biosciences • $200 million Institute for Molecular Bioscience; Brain Institute; Aust. Inst. Bioengineering and Nanotech. • $160 million new round of Innovation Grants • Commercialisation Pipeline; BioStart • Business incubators, clusters, industrial parks • BioPharmaceuticals Australia scale-up manufacturing • Clinical trials network

22. Biotech - an integrated approach Drug Development Pipeline

23. Australian biotech innovators • Prof. Ian Frazer • 2006 Australian of the Year • Human papilloma virus (HPV) Vaccine against cervical cancer • Gardasil launched 2006, CSL & Merck as commercial partners • Barry J. Marshall & J. Robin Warren • 2005 Nobel Prize for Physiology or Medicine • Gastritis & ulceration caused by Helicobacter pylori • Peptic ulcer disease no longer a chronic disabling condition • Prof. Mark von Itstein • Developed GSK’s anti-flu drug Relenza • Inhibits neuraminidase and prevents influenza virus replication • Relenza commercialised by partnership between Biota & GlaxoSmithKline

24. Queensland biotechnology • Queensland industry snapshot • Core biotechnology firms 88 of 420 nationally • Employing over 1,900 researchers • ASX-listed biotech companies including Panbio, Alchemia, Peplin Biotech, Tissue Therapies and Agenix • 68 Research Institutes (over 3,200 employees)

25. Queensland aviation Rapid growth of industry since 2000 • New training facilities: • Flight Training Group – a major flight training facility to Maryborough will create up to 200 jobs & $20M turnover • Sophisticated overhaul and heavy maintenance • Home to Qantas MRO for 767’s/4330’s & Virgin Blue – B737’s • Avionics • Boeing – largest presence outside of USA • Assembly of military helicopters • Australian Aerospace – (EADs) assembly facility at Brisbane airport and new joint venture with D’aher (France) fibre composite facility Created >6,000 new jobs through government assistance

26. Financial incentives Queensland Investment Incentives Scheme • Discretionary case by case • To be eligible must: • Provide significant net economic benefit to the State • Demonstrate viability in absence of incentives • Demonstrate need to overcome short term impediment to projects development in Queensland • Demonstrate no significant detriment to existing business in Queensland • Support may be in the form of payroll tax rebates or establishment grants

27. Smiths Aerospace Queensland’s Investment Attraction

28. Quality of life

29. Quality of life

30. Quality of life

31. Thank you www.investqueensland.com.au