Aurizon Holdings Ltd. · ASX:AZJ
Aurizon — 1HFY2022 Earnings Presentation
77 slides from Aurizon's earnings presentation, Feb 14, 2022
Slide 1: Half Year Results Presentation
Aurizon Holdings Limited ABN 14 146 335 622 For personal use only ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 BY ELECTRONIC LODGEMENT 14 February 2022 Half Year Results Presentation Please find attached for immediate release to the market, the Half Year Results presentation
Slide 2: 1HFY2022 Results
1HFY2022 For personal use only Results 14 February 2022
Slide 3: Disclaimer
1HFY2022 RESULTS Disclaimer For personal use only NO RELIANCE ON THIS DOCUMENT INFORMATION ON ONE RAIL AND EAST COAST RAIL This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as “Aurizon” which includes its related The information on One Rail and East Coast Rail (an
Slide 4: Safety performance
1HFY2022 RESULTS Safety performance TRIFR, LTIFR and RPS all improved. Introduction of new measure (SIFRa+p) to better represent For personal use only business activities and enhance focus on incidents that have the potential for serious injury TOTAL RECORDABLE INJURY FREQUENCY RATE (TRIFR)1 AND LOS
Slide 5: COVID-19: Update
1HFY2022 RESULTS COVID-19: Update Limited operational impact to date with strict protocols still in place For personal use only › Strict protocols in place since mid-2020 to protect our people › Limited direct impact to our business during the half, although border closures have created some challen
Slide 6: Performance overview
For personal use only Performance overview Andrew Harding Managing Director & CEO Picture: Grain haul in Goondiwindi, South East Queensland
Slide 7: 1HFY2022 Results
1HFY2022 RESULTS PERFORMANCE OVERVIEW 1HFY2022 Results1 Resilient results despite lower volumes and Bulk costs increasing ahead of contracted growth. For personal use only Dividend reduction in advance of One Rail acquisition EBITDA STATUTORY NPAT ROIC $727m $257m 10.4% down 1% down 4% down 0.4ppts
Slide 8: Commodity markets update
1HFY2022 RESULTS PERFORMANCE OVERVIEW Commodity markets update Record global crude steel production in CY2021. Record Australian grain export volume forecast For personal use only for 2021-22 season GLOBAL CRUDE STEEL PRODUCTION1 AUSTRALIAN GRAIN EXPORTS3 Billion tonnes (Annual) Major crops (By mark
Slide 9: Business Unit highlights
1HFY2022 RESULTS PERFORMANCE OVERVIEW Business Unit highlights For personal use only COAL BULK NETWORK Increased earnings despite lower demand for Contribution of new business (grain and port Reduced earnings due to recognition of historical services (wet weather) in addition to derailments and serv
Slide 10: Increased grain haulage
1HFY2022 RESULTS PERFORMANCE OVERVIEW Increased grain haulage The CBH contract will result in Aurizon becoming the largest grain hauler in Australia. The For personal use only One Rail acquisition will result in haulage across the two most stable (by volume) export states SELECTED GRAIN EXPORT VOLUM
Slide 11: One Rail acquisition
1HFY2022 RESULTS PERFORMANCE OVERVIEW One Rail acquisition Acquisition with potential to materially grow Bulk earnings; East Coast Rail business to be For personal use only divested On 22 October 2021, Aurizon announced the acquisition of One Rail for $2.35 billion. There are BULK: INDICATIVE EBITDA
Slide 12: One Rail Bulk
1HFY2022 RESULTS PERFORMANCE OVERVIEW One Rail Bulk An integrated rail business with 2,460km of track infrastructure1 exposed to commodities with For personal use only strong demand drivers in central Australia Commodity South Australia and Northern Territory Exposure Existing Customers8 ⚫⚫⚫⚫⚫ Darwi
Slide 13: One Rail Bulk highlights
1HFY2022 RESULTS PERFORMANCE OVERVIEW One Rail Bulk highlights Acquisition predicated on a business with a near-term target of ~$100m EBITDA to subsequently For personal use only build upon INTEGRATION ONE RAIL BULK: UNDERLYING EBITDA (A$m)1 ✓ Delivery of Aurizon Bulk turnaround increases confidence
Slide 14: Financial Performance
For personal use only Financial Performance George Lippiatt CFO & Group Executive Strategy Picture: Cloncurry depot, North-West Queensland
Slide 15: Key financial results
1HFY2022 RESULTS FINANCIAL PERFORMANCE Key financial results1 Results reflect lower WIRP fees (non-recurring WIRP fee of $49m in 1HFY2021) and increased For personal use only costs in Bulk to support growth. Strong free cash flow generation $m 1HFY2022 1HFY2021 Variance 2HFY2021 › Group revenue high
Slide 16: Coal
1HFY2022 RESULTS FINANCIAL PERFORMANCE Coal Earnings higher despite lower volumes with positive customer mix and strong cost management For personal use only Revenue $m 1HFY2022 1HFY2021 Variance 2HFY2021 › Volumes lower due to wet weather, derailments and protestor activity in addition to the ramp
Slide 17: Bulk
1HFY2022 RESULTS FINANCIAL PERFORMANCE Bulk Contribution of new business (grain and port services) offset by lower iron ore and nickel For personal use only volumes Revenue $m 1HFY2022 1HFY2021 Variance 2HFY2021 › Revenue increased primarily due to the commencement of the CBH (grain) contract in add
Slide 18: Network
1HFY2022 RESULTS FINANCIAL PERFORMANCE Network Reduced earnings due to recognition of historical WIRP fees in prior period For personal use only Revenue $m 1HFY2022 1HFY2021 Variance 2HFY2021 › WIRP fees lower with $49m historical fees recognised in prior period Track Access 543 569 (5%) 610 › EBITD
Slide 19: Free Cash Flow and capex
1HFY2022 RESULTS FINANCIAL PERFORMANCE Free Cash Flow and capex Strong free cash flow generation continues. Group capex guidance of $540m – $580m inclusive For personal use only of ~$100m supporting new Bulk contracts FREE CASH FLOW 1 ($M) CAPITAL EXPENDITURE2 ($M) 465 ~540- 580 532 527 Sale of 49
Slide 20: Funding update
1HFY2022 RESULTS FINANCIAL PERFORMANCE Funding update Credit profile improved with ratings agencies lowering thresholds post One Rail announcement. For personal use only Debt markets supportive with successful syndication commitments 1HFY2022 FUNDING ACTIVITY KEY DEBT METRICS1 1HFY2022 1HFY2021 One
Slide 21: One Rail transaction update
1HFY2022 RESULTS FINANCIAL PERFORMANCE One Rail transaction update Completion targeted for ~April followed by East Coast Rail divestment For personal use only › ACCC has commenced informal merger clearance process 1 Australian Competition and Consumer Commission (ACCC) › Market inquiries process und
Slide 22: East Coast Rail
1HFY2022 RESULTS FINANCIAL PERFORMANCE East Coast Rail A highly cash generative business For personal use only EXCLUSIVE HUNTER VALLEY HAULAGE RIGHTS REVENUE (A$m)1 227 190 CY2021 Results ✓ Long-term rail haulage contract with Glencore to 2036 184 Consistent with other operators ✓ Minimum guaranteed
Slide 23: Outlook & Key Takeaways
For personal use only Outlook & Key Takeaways Andrew Harding Managing Director & CEO Picture: Coal haul in Hunter Valley, New South Wales. Locomotive features indigenous artwork unveiled at NAIDOC week 2020
Slide 24: FY2022 outlook
1HFY2022 RESULTS OUTLOOK & KEY TAKEAWAYS FY2022 outlook EBITDA guidance range unchanged despite lower coal haulage volumes expectations For personal use only Group EBITDA guidance remains $1,425m – $1,500m Group capex guidance $540m – $580m including ~$100m supporting Bulk growth KEY ASSUMPTIONS › C
Slide 25: Aurizon's value creation record
1HFY2022 RESULTS OUTLOOK & KEY TAKEAWAYS Aurizon’s value creation record Cashflows remain stable and the focus on transformation continues For personal use only HIGHLIGHTS AURIZON: EBITDA (underlying) million dollars ✓ Negotiated and executed UT5 ✓ De-risked the Coal contract book 789 744 731 736 73
Slide 26: For personal use only
Chris Vagg James Coe Head of Investor Relations & Group Treasurer Manager Market Intelligence & Investor Relations +61 7 3019 9030 +61 7 3019 7526 For personal use only Chris.Vagg@aurizon.com.au James.Coe@aurizon.com.au ASX: AZJ 25
Slide 27: Additional Information: Environmental, Social and Governance
For personal use only Additional Information: Environmental, Social and Governance Picture: Aurizon Port Services Newcastle
Slide 28: Our ESG contribution
1HFY2022 RESULTS ADDITIONAL INFORMATION Our ESG1 contribution Aurizon continues to build a stronger and sustainable business For personal use only NET-ZERO COMMITMENT BY 2050… …WHILE WE SUPPORT OUR REGIONS AND …AND LEAD THROUGH TRANSPARENT COMMUNITIES… GOVERNANCE › Climate Strategy and Action Plan r
Slide 29: Climate Strategy and Action Plan
1HFY2022 RESULTS ADDITIONAL INFORMATION Climate Strategy and Action Plan Aurizon is committed to a long-term target of net-zero operational emissions (scope 1 and 2) For personal use only by 2050 Net-zero operational emissions by 2050 We will continue to assess and enhance our processes for Achievin
Slide 30: Australian Export Demand - Commodities
1HFY2022 RESULTS ADDITIONAL INFORMATION Australian Export Demand - Commodities Australia export commodities are driven by steel-intensive growth and prolonged thermal For personal use only electricity generation in Asia in addition to new economy markets and food consumption METALLURGICAL COAL THERM
Slide 31: Global & Australia Coal Summary
1HFY2022 RESULTS ADDITIONAL INFORMATION Global & Australia Coal Summary Global Australia For personal use only Thermal (Steam) Coal Metallurgical (Coking) Coal Production2 2020 Coal Export Volume3 Total Coal Export (By Destination)3 CY2021 Export Revenue3 Production1 2020 Coal Production1 2020 CY202
Slide 32: Metallurgical coal market
1HFY2022 RESULTS ADDITIONAL INFORMATION Metallurgical coal market Steel is an integral link to economic development. The metallurgical coal-dependent method of For personal use only steel production commands almost three-quarters (1.4 billion tonnes) of global steel production APPARENT STEEL USE (CR
Slide 33: Thermal coal market
1HFY2022 RESULTS ADDITIONAL INFORMATION Thermal coal market From a share of just 34% in 1990, Asia currently comprises 86% of the import market. For personal use only In CY2021, 96% of Australian thermal coal export volume was destined for this region1 ASIA: THERMAL (STEAM) COAL IMPORT VOLUME | SHAR
Slide 34: Bulk markets
1HFY2022 RESULTS ADDITIONAL INFORMATION Bulk markets Demand growth for bulk commodities will be led by the transition to clean energy technologies For personal use only and rising food consumption in developing nations MINERAL DEMAND FROM CLEAN ENERGY TECHNOLOGIES1 FOOD CONSUMPTION: CALORIES PER CAP
Slide 35: Additional Information: Group
For personal use only Additional Information: Group Picture: Stuart depot, Townsville
Slide 36: Overview of Aurizon's operations
1HFY2022 RESULTS ADDITIONAL INFORMATION Overview of Aurizon's operations Aurizon is Australia's largest rail-based transport business, with diversified, cross-commodity For personal use only exposure through above and below rail services, and port terminals Below Rail Network ▪ Operation of the Cent
Slide 37: Purpose, Vision, Values and Strategic Levers
1HFY2022 RESULTS ADDITIONAL INFORMATION Purpose, Vision, Values and Strategic Levers For personal use only 36
Slide 38: Above Rail volumes
1HFY2022 RESULTS ADDITIONAL INFORMATION Above Rail volumes For personal use only Quarter Ending Financial Year to date Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Variance1 1HFY2021 1HFY2022 Variance1 Coal volumes (mt) CQCN 36.5 35.5 37.0 36.9 33.4 (8%) 71.2 70.3 (1%) NSW & SEQ 15.3 13.0 14.7 14.5 13.9 (9%)
Slide 39: Enterprise Agreements
1HFY2022 RESULTS ADDITIONAL INFORMATION Enterprise Agreements For personal use only # Staff Headline Increases Term Enterprise Agreement Covered Expiry Date Status (years) (approx.) Year 1 Year 2 Year 3 Year 4 Aurizon Port Services 60 3 1 Nov 2021 2.50% 2.50% 2.50% Bargaining WA Rail Operations 450
Slide 40: Prioritisation of capital
1HFY2022 RESULTS ADDITIONAL INFORMATION Prioritisation of capital For personal use only CAPITAL ALLOCATION HIERARCHY 1 2 3 4 DETERMINE AVAILABLE NON GROWTH CAPITAL DIVIDENDS SURPLUS CAPITAL CAPITAL › Ongoing operating cashflows › Sustaining and transformation › Within 70-100% payout ratio › Capital
Slide 41: Underlying group EBITDA bridge
1HFY2022 RESULTS ADDITIONAL INFORMATION Underlying group EBITDA bridge1 ($m) For personal use only 1 12 738 27 727 3 1HFY2021 Coal Bulk Network Other 1HFY2022 1. Continuing operations 40 Note: Due to rounding, the sum of components may not equal the corresponding total
Slide 42: Underlying EBITDA by business unit
1HFY2022 RESULTS ADDITIONAL INFORMATION Underlying EBITDA1 by business unit ($m) For personal use only 1HFY2022 1HFY2021 Variance 2HFY2021 Coal 286.2 274.1 4% 259.2 Bulk 74.5 73.6 1% 66.3 Network 380.4 407.7 (7%) 441.1 Other (14.2) (17.1) 17% (22.7) EBITDA 726.9 738.3 (2%) 743.9 41 1. Continuing ope
Slide 43: Balance sheet summary
1HFY2022 RESULTS ADDITIONAL INFORMATION Balance sheet summary ($m) For personal use only 31 December 2021 30 June 2021 31 December 2020 Assets classified as held for sale 0.1 5.0 67.2 Other current assets 674.7 806.9 518.8 Total current assets 674.8 811.9 586.0 Property, plant and equipment (PP&E) 8
Slide 44: Reconciliation of borrowings
1HFY2022 RESULTS ADDITIONAL INFORMATION Reconciliation of borrowings For personal use only $m Commentary Total debt including working capital facility 3,496.8 Borrowings on a cash basis Reconciliation to Financial Statements Add/(less): Capitalised transaction costs (9.1) Discounts on medium term no
Slide 45: Significant adjustments
1HFY2022 RESULTS ADDITIONAL INFORMATION Significant adjustments ($m) For personal use only 1HFY2022 1HFY2021 2HFY2021 Continuing operations – Net gain on sale of shares in Aquila (before tax)1 - - 8.2 44 1. Significant adjustments from continuing operations, net of tax is $73.5m
Slide 46: Redundancy cost information
1HFY2022 RESULTS ADDITIONAL INFORMATION Redundancy cost information For personal use only Year Redundancy costs included Redundancy costs classified in underlying EBIT ($m) as Significant items ($m) FY2017 5 116 › Redundancy costs are presented for total Group (Continuing and Discontinued operations
Slide 47: Dividend history
1HFY2022 RESULTS ADDITIONAL INFORMATION Dividend history For personal use only 35.0c 100% 90% 30.0c 28.8 27.1 27.4 80% 25.0c 24.6 24.0 23.8 70% Amount (Cents) Per Share 22.5 14.4 60% Payout Ratio1 20.0c 13.1 13.7 13.3 8.9 12.4 50% 16.5 13.9 15.0c 40% 12.3 8.5 10.0c 30% 8.3 8.2 13.6 14.0 13.7 14.4 20
Slide 48: Legal matters
1HFY2022 RESULTS ADDITIONAL INFORMATION Legal matters For personal use only WIGGINS ISLAND RAIL PROJECT › Earlier Court of Appeal decision confirmed that ongoing WIRP fees are payable until August 2035, and WIRP fees have (WIRP) been billed to WIRP Customers accordingly › 18 December 2020: Aurizon c
Slide 49: Additional Information: Coal
For personal use only Additional Information: Coal Picture: Coal haul, Central Queensland Coal Network
Slide 50: Coal Operations
1HFY2022 RESULTS ADDITIONAL INFORMATION Coal Operations For personal use only Note: Includes all mines in the CQCN 49
Slide 51: Coal Operations
1HFY2022 RESULTS ADDITIONAL INFORMATION Coal Operations For personal use only SOUTH EAST QUEENSLAND / NEW SOUTH WALES 50
Slide 52: Coal operating metrics
1HFY2022 RESULTS ADDITIONAL INFORMATION Coal operating metrics For personal use only 1HFY2022 1HFY2021 Variance 2HFY2021 Total tonnes hauled (m) 98.7 101.8 (3%) 100.3 Contract utilisation 83% 82% 1ppt 84% Total NTK (bn) 23.2 23.7 (2%) 23.4 Average haul length (km) 235 233 1% 233 Total revenue / NTK
Slide 53: Coal haulage tonnes (mt) by system
1HFY2022 RESULTS ADDITIONAL INFORMATION Coal haulage tonnes (mt) by system For personal use only 1HFY2022 1HFY2021 Variance 2HFY2021 CQCN Newlands 9.3 9.1 2% 9.1 Goonyella 29.4 28.7 2% 31.6 Blackwater 24.8 26.6 (7%) 25.7 Moura 6.8 6.8 - 6.1 Total CQCN 70.3 71.2 (1%) 72.5 NSW & SEQ West Moreton 1.7 2
Slide 54: Coal contract portfolio
1HFY2022 RESULTS ADDITIONAL INFORMATION Coal contract portfolio For personal use only AURIZON COAL CONTRACT VOLUME EXPIRY BY YEAR1 COAL CONTRACT PORTFOLIO EXPIRY1 AS AT 31 DECEMBER 2021 AS AT 31 DECEMBER 2021 75 7% 60 43% 0-3 years Million tonnes per annum (Mtpa) 3-7 years 50% 7+ years 45 FORECAST C
Slide 55: Additional Information: Bulk
For personal use only Additional Information: Bulk Picture: Port of Townsville
Slide 56: Bulk operations: Queensland
1HFY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: Queensland For personal use only 55
Slide 57: Bulk operations: New South Wales, Victoria and South Australia
1HFY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: New South Wales, Victoria and South Australia For personal use only 56
Slide 58: Bulk operations: Western Australia
1HFY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: Western Australia For personal use only 57
Slide 59: Aurizon Port Services
1HFY2022 RESULTS ADDITIONAL INFORMATION Aurizon Port Services For personal use only Townsville Newcastle Infrastructure: Hardstand upgrade completed with capacity for 1,200 Simplicity: Simple operating and labour model that is scalable (currently containers (100% increase in capacity) and developmen
Slide 60: Bulk – Australia Capital & Exploration Expenditure
1HFY2022 RESULTS ADDITIONAL INFORMATION Bulk – Australia Capital & Exploration Expenditure For personal use only CAPITAL EXPENDITURE: METAL ORE MINING1 EXPLORATION EXPENDITURE: IRON ORE A$200m +57% A$6.0b +2% A$150m A$4.0b A$100m A$2.0b A$50m A$0.0b A$0m Sep- Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep-
Slide 61: Additional Information: Network
For personal use only Additional Information: Network Picture: Callemondah rail yard, Gladstone (Central Queensland)
Slide 62: Network Operations
1HFY2022 RESULTS ADDITIONAL INFORMATION Network Operations For personal use only 61
Slide 63: Network financial and operating metrics
1HFY2022 RESULTS ADDITIONAL INFORMATION Network financial and operating metrics For personal use only $m 1HFY2022 1HFY2021 Variance 2HFY2021 Tonnes (m) 104.9 103.7 1% 104.5 NTK (bn) 26.4 26.0 2% 26.4 Operating Ratio 63.0% 59.3% 3.7ppt 57.6% Maintenance/NTK ($/’000 NTK) 2.4 2.3 (4%) 2.4 Opex/NTK ($/’
Slide 64: Network volumes: All rail operators
1HFY2022 RESULTS ADDITIONAL INFORMATION Network volumes: All rail operators For personal use only 1HFY2022 1HFY2021 Variance 2HFY2021 Newlands 6.6 4.9 35% 5.8 Goonyella 53.5 51.3 4% 52.1 Blackwater 29.6 30.5 (3%) 30.9 Moura 6.7 6.8 (1%) 6.0 GAPE 8.6 10.3 (16%) 9.8 Total (mt) 104.9 103.7 1% 104.5 63
Slide 65: Network 1HFY2022 Access Revenue movement
1HFY2022 RESULTS ADDITIONAL INFORMATION Network 1HFY2022 Access Revenue movement For personal use only $m Decrease in MAR from 1HFY2021 to 1HFY2022 (8.1) Volume under-recovery for 1HFY2022 (28.4) Volume under-recovery for 1HFY2021 (reversal of 1HFY2021 impact) 65.7 GAPE revenue (11.6) FY2020 Revenue
Slide 66: Network adjusted MAR bridge – Approved UT5 Undertaking
1HFY2022 RESULTS ADDITIONAL INFORMATION Network adjusted MAR bridge – Approved UT5 Undertaking For personal use only INDICATIVE NETWORK ADJUSTED MAXIMUM ALLOWABLE REVENUE (MAR)1 FY2020 – FY2023 ($M) 7 1 1 18 4 7 5 ~950 11 5 27 27 13 ~935 35 35 23 914 911 FY20 FY20 MAR FY18 & FY18 MAR FY21 MAR FY21 F
Slide 67: Network Revenue Adjustment Amounts (revenue cap)
1HFY2022 RESULTS ADDITIONAL INFORMATION Network Revenue Adjustment Amounts (revenue cap) For personal use only › Revenue adjustment amounts (RAA) are the AT2-4 AT5 Total Total difference by system between Aurizon’s Total Financial Year (diesel tariff) (electric tariff) (inc-GAPE) (ex-GAPE) Actual AT
Slide 68: Reconciliation of billed MAR to reported access revenue
1HFY2022 RESULTS ADDITIONAL INFORMATION Reconciliation of billed MAR to reported access revenue For personal use only 1HFY2022 FY2021 FY2020 $m Actual Actual Actual Billed Access Revenue (AT1 to AT5) (ex. GAPE) 437 911 927 Approved Adjustments to MAR Revenue Cap (ex. GAPE and inclusive of capitalise
Slide 69: UT5 Undertaking
1HFY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Aurizon Network’s access undertaking establishes the framework for access to the coal rail For personal use only infrastructure in central Queensland UT5 TIMELINE 3 May 2019 12 November 2021 1 July 2023 30 June 2027 1 July 2017 Initial Date Rep
Slide 70: UT5 Undertaking: Revenue Protection Mechanisms
1HFY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Revenue Protection Mechanisms For personal use only The Maximum Allowable Revenue (MAR) is the total revenue Aurizon INDICATIVE SYSTEM REVENUE PROTECTION MECHANISM Network is permitted to earn each year, determined in accordance with the Regula
Slide 71: UT5 Undertaking: Regulatory Asset Base (RAB)
1HFY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Regulatory Asset Base (RAB) For personal use only ELEMENT DETAIL Rollforward RAB › This represents the value of Network assets for regulatory purposes › Each year Network rolls forward the RAB adjusting for indexation, depreciation, disposals,
Slide 72: UT5 Undertaking: Building Blocks
1HFY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Building Blocks For personal use only BUILDING BLOCK DETAIL Return on capital (WACC) › 5.70% from 1 July 2017 to 2 May 2019 › 5.90% from 3 May 2019 to 12 November 2021 (Report Date) › 6.30% from Report Date to 30 June 2023 › WACC reset at 1 Jul
Slide 73: UT5 Undertaking: Rebate Mechanism
1HFY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Rebate Mechanism For personal use only ELEMENT DETAIL Mechanism › A customer will be entitled to a rebate from Network where it has received less than its annual contracted capacity, as assessed by the Independent Expert, as a result of Network
Slide 74: Additional Information: Capital Expenditure
For personal use only Additional Information: Capital Expenditure Picture: Coal haul, Central Queensland Coal Network
Slide 75: Group and business unit capital expenditure
1HFY2022 RESULTS ADDITIONAL INFORMATION 1HFY2022 group and business unit capital expenditure ($m) For personal use only 255 211 142 142 61 46 17 44 46 44 0 6 1HFY20221,2 Network1,2 Coal1 Bulk Intermodal Corporate Non-Growth Growth 1. Includes capitalised interest 74 2. Net of externally funded payme
Slide 76: Glossary
1HFY2022 RESULTS ADDITIONAL INFORMATION Glossary For personal use only Metric Description AFD Access Facilitation Deed Average haul length NTK/Total tonnes Contract utilisation Total volumes hauled as a percentage of total volumes contracted CQCN Central Queensland Coal Network ESG Environment, Soci
Slide 77: Contact and further information
Contact and further information Chris Vagg James Coe Head of Investor Relations & Group Treasurer Manager Market Intelligence & Investor Relations For personal use only +61 7 3019 9030 +61 7 3019 7526 Chris.Vagg@aurizon.com.au James.Coe@aurizon.com.au ASX: AZJ 76