Transurban Group Ltd. · ASX:TCL
Transurban — Macquarie Australia Conference 2023
16 slides from Transurban's conference presentation, May 2, 2023
Slide 1: Presentation to Macquarie Australia Conference
ASX release 2 May 2023 Presentation to Macquarie Australia Conference Transurban provides the attached presentation which will be presented at the Macquarie Australia Conference today. Investor enquiries Media enquiries Hannah Higgins James Richards Head of Investor Relations Corporate Media Manager
Slide 2: Macquarie Australia Conference 2023
Macquarie Australia Conference 2023 2 May 2023
Slide 3: Disclaimer and basis of preparation
Disclaimer and basis of preparation This publication is prepared by Transurban Holdings Limited (ACN 098 143 429), Transurban International Limited (ACN 121 746 825) and Transurban Infrastructure Management Limited (ACN 098 147 678; AFSL 246 585) as the responsible entity of Transurban Holding Trust
Slide 4: FY23 distribution guidance upgrade
FY23 distribution guidance upgrade FY23 distribution guidance upgraded to 58 cps representing Returning to distribution momentum approximately 41% growth on FY22 and 1 cps above prior guidance 70 of 57 cps1,2 60 As previously announced, FY23 distribution guidance includes approximately 2-3 cps of Ca
Slide 5: Urban assets supported by macro trends
Urban assets supported by macro trends Unemployment remains low with population growth forecast in each market Sydney Melbourne Brisbane Greater Washington Area >60% of the population lives >20% of the population lives >45% of the population lives >20% of the population lives within 5kms of Transurb
Slide 6: Portfolio insights: freight strong and stable
Portfolio insights: freight strong and stable Multiple reasons for travel Increase in road freight steady over decades • Resilient freight and orbital travel has provided relative traffic stability and • Australian Urban Road Freight Task – Sydney, Melbourne and Brisbane2 growth over recent years, w
Slide 7: Well positioned for current inflation and interest rate environment
Well positioned for current inflation and interest rate environment Benefit of short term higher inflation compounds over the life Interest rates of CPI linked concessions1,2 9% $1.25 4.0% $1 in Sep21’ expected to grow to $1.20 in Jun 25’ 8% 3.6% $1.20 7% 3.2% $1.15 6% Bank bill futures3 2.8% 5% $1.
Slide 8: Opportunity and delivery pipeline
Opportunity and delivery pipeline Transurban's portfolio is expanding in key markets with the opportunity pipeline to support long term growth REGION PROJECTS IN DELIVERY AND POTENTIAL OPPORTUNITIES1 EXPECTED DELIVERY3 NEXT 5 YEARS 5+ YEARS Sydney Rozelle Interchange 2024 M7-M12 widening and integra
Slide 9: Transurban major project landscape
Transurban major project landscape Reduction of committed capital and shift to brownfield projects in the near-term 8.0 20% 18% 7.0 16% 6.0 Committed capital as % of EV Committed capital $ billion1 14% 5.0 12% 4.0 10% 8% 3.0 6% 2.0 4% 1.0 2% 0.0 0% FY18 FY19 FY20 FY21 FY22 1H23 Committed capital - B
Slide 10: Potential acquisition of EastLink: focus on delivering benefits to broad group of stakeholders
Potential acquisition of EastLink: focus on delivering benefits to broad group of stakeholders Customers Community Investors Government Positive customer Investing in initiatives Balancing growth and Improved outcomes experience which support local distributions for broader network • Streamlined com
Slide 11: Innovation supporting incremental improvement in Melbourne
Innovation supporting incremental improvement in Melbourne1 Average weekday speeds have increased over 10% or ~4km/hr Positive signs of adding incremental capacity • Over 12% more motorists using the Burnley Tunnel are travelling above 40km per Average weekday speed between 7am to 7pm hour during we
Slide 12: Improving the customer experience
Improving the customer experience What we heard How we’re acting on these areas What we’re seeing Reliability of travel time1 ~67% ~87% Implemented a notification ~138,000 ~428,000 feature on the Linkt App in 2022 providing live traffic wanted to be notified considered ‘time delay’ as Linkt App cust
Slide 13: Outlook
Outlook Upgraded High quality Disciplined and Decades of distribution portfolio supports patient approach to opportunities to guidance traffic growth project pipeline create value
Slide 14: Glossary
Glossary Transurban
Slide 15: Glossary
Glossary TERM DEFINITION TERM DEFINITION 95 95 Express Lanes FREDEX 95 Express Lanes Fredericksburg Extension project 395 395 Express Lanes FREE CASH/FCF Free Cash is the primary measure used to assess the cash performance of the Group 495 495 Express Lanes FX Foreign Exchange 1H/2H First or second
Slide 16: Glossary
Glossary TERM DEFINITION M4-M8 M4-M8 link M5 WEST M5 West motorway M7 Westlink M7 M8 M8 (previously the New M5) M&A Mergers and acquisitions NA North America NCX NorthConnex NEXT Project NEXT – 495 Express Lanes Northern Extension NOK Norwegian Krone NPAT and NPBT Net Profit After Tax and Net Profit
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