Transurban Group Ltd. · ASX:TCL
Transurban — Investor Day (May 2015)
78 slides from Transurban's investor day presentation, May 5, 2015
Slide 1: Investor Day 5 May 2015
INVESTOR DAY 5 MAY 2015
Slide 2: Disclaimer & Basis of Preparation
DISCLAIMER & BASIS OF PREPARATION This publication is prepared by the Transurban Group comprising Transurban Holdings Limited (ACN 098 143 429), Transurban Holding Trust (ARSN 098 807 419) and Transurban International Limited (ACN 121 746 825). The responsible entity of Transurban Holding Trust is T
Slide 3: Agenda
AGENDA 10.00 Welcome Scott Charlton Chief Executive Officer 10.30 Strategy Michele Huey Group General Manager Strategy Sue Johnson Group General Manager Customer Operations and Human Resources Lisa Tobin Group General Manager Technology 11.30 Finance Adam Watson Chief Financial Officer 12.00 Lunch 1
Slide 4: Welcome
transurban WELCOME A lll 0 eesenasste ees paassssesa ee stn tEtEEE
Slide 5: Consistent Strategy
CONSISTENT STRATEGY To be the partner of choice with governments providing effective and innovative urban road infrastructure utilising core capabilities NETWORK COMMUNITY DEVELOPMENT TECHNOLOGY OPERATIONS PLANNING / ENGAGEMENT / DELIVERY AND CUSTOMER FORECASTING MANAGEMENT 5
Slide 6: Delivering on Strategy
DELIVERING ON STRATEGY MELBOURNE CityLink Tulla Widening financial close GLIDe rolled out across CityLink TransLink Operations in-housed Western Distributor announced SYDNEY Cross City Tunnel acquired M5 Widening completed Lane Cove on-ramp NorthConnex construction commenced M2 and LCT O&M in-housed
Slide 7: Consistent Growth in Distributions
CONSISTENT GROWTH IN DISTRIBUTIONS GROWTH DRIVERS FY15 GUIDANCE 39.5 CENTS Strong underlying network traffic Embedded price escalation across concessions Operational efficiencies across technology, operations and maintenance Traffic uplift from development projects − improved traffic flows i
Slide 8: Long-Term Value Creation
LONG-TERM VALUE CREATION WEIGHTED AVERAGE CONCESSION LIFE CONCESSION EXTENSIONS M5 WEST WIDENING M5 3.3 years to 2026 Gateway 37 years to 2051 QUEENSLAND Logan 37 years to 2051 MOTORWAYS ACQUISITION Clem7 37 years to 2051 GBB 49 years to 2063 CITYLINK TULLA WIDENING CityLink 1 year to 2035 M2 2.1 ye
Slide 9: To Strengthen Communities Through Transport
TO STRENGTHEN COMMUNITIES THROUGH TRANSPORT WESTERN DISTRIBUTOR New motorway connection from CityLink to West Gate Freeway Expansion of existing West Gate Freeway Second major river crossing New entry to the CBD Improved port access 9
Slide 10: Western Distributor Project Economics
WESTERN DISTRIBUTOR PROJECT ECONOMICS $5 - 5.5 BILLION ANTICIPATED PROJECT COST PROPOSED FEDERAL TOLLING FUNDING CITYLINK CONCESSION 10
Slide 11: Safety
SAFETY ROAD INJURY CRASH INDEX3 (ICR) COMPARISON HIGHLIGHTS 25 Zero employee lost-time injuries for 12 Broader USA network ICR - indicative4 months ̶ 5.7 million construction hours 20 Broader Australian network ICR – indicative4 without a lost-time injury1 New medium-term road safety strategy 15
Slide 12: Positioning for the Future
POSITIONING FOR THE FUTURE POLICY TECHNOLOGY CUSTOMER STRATEGY 12
Slide 13: Strategy
STRATEGY MICHELE HUEY, GROUP GENERAL MANAGER STRATEGY LISA TOBIN, GROUP GENERAL MANAGER TECHNOLOGY SUE JOHNSON, GROUP GENERAL MANAGER CUSTOMER OPERATIONS AND HUMAN RESOURCES
Slide 14: Policy Opportunities to Address Emerging Trends
POLICY OPPORTUNITIES TO ADDRESS EMERGING TRENDS POLICY Road pricing reform over medium to long term Potential to address funding issues for roads Opportunity for efficiency gains in network operations 14
Slide 15: Emerging Trends
EMERGING TRENDS CURRENT INFRASTRUCTURE SPENDING SIGNIFICANT URBAN POPULATION OUTSTRIPS INCOME1 GROWTH EXPECTED 35 10 CURRENT (2015) AUSTRALIAN DOLLARS (BILLIONS) POPULATION SIZE (MILLIONS) 30 FORECAST (2053) 8 25 20 6 15 4 10 2 5 EXPENDITURE INCOME MELBOURNE SYDNEY BRISBANE Source: BITRE Yearbook 20
Slide 16: Advocating for Road Pricing Reform
ADVOCATING FOR ROAD PRICING REFORM COMMUNITY ATTITUDES “Reform of road pricing "Australia now has and provision should be an opportunity to a priority.” Competition Policy Review (‘The Harper Review’) March 2015 “Well-designed user charges should be used engage in structural reform of road provision
Slide 17: Transurban Road Network Preference Study
TRANSURBAN ROAD NETWORK PREFERENCE STUDY PRACTICAL, REAL-WORLD EXAMINATION OF COMMUNITY AND ROAD-USER ATTITUDES TO ROAD PRICING MODELS ASSESS CUSTOMER UNDERSTAND DEMONSTRATE INFORM PROVIDE ATTITUDES AND BEHAVIOURAL TECHNOLOGY AND EDUCATE TANGIBLE PREFERENCES RESPONSES EXAMPLES STAKEHOLDERS DATA 17
Slide 18: Study Design and Delivery
STUDY DESIGN AND DELIVERY STUDY DESIGN PILOT PROCESS STUDY ROLL OUT ANALYSIS PHASE Q4 FY15 Q1 FY16 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Detailed design Targeted pilot study Targeted Targeted study Targeted post Targeted commencement commencement participant commencement study analysis project recruitment
Slide 19: Technology No Longer a Barrier
TECHNOLOGY NO LONGER A BARRIER CRITICAL TECHNOLOGY FOR BROADER ROAD PRICING INTRODUCED CURRENT STATE IN AUSTRALIA – CRITICAL MASS 18.5 million GPS-enabled smartphones GPS 2000: personal GPS products launched in use ON BOARD DIAGNOSTIC 2007: OBD connector mandated as 60% of vehicle fleet have an OBD
Slide 20: Significant Opportunities Emerging Through Technology
SIGNIFICANT OPPORTUNITIES EMERGING THROUGH TECHNOLOGY TECHNOLOGY Road network pricing opportunities Efficient road network operations Optimised traffic management Expanded customer interfaces 20
Slide 21: Advances in Transport Technology
ADVANCES IN TRANSPORT TECHNOLOGY TRANSPORT DIGITISATION IS RAPIDLY ACCELERATING KEY TRENDS Internet-connected vehicles − 250M connected vehicles by 20201 − Target for 50% of vehicles sold with connectivity solutions in 20152 − Adoption of in-vehicle technologies is reaching critical mass2 Driver
Slide 22: Network Management Opportunities
NETWORK MANAGEMENT OPPORTUNITIES NOW MEDIUM TERM LONG TERM ROADSIDE MEASURES SHIFT TO SMART VEHICLES DRIVERLESS VEHICLES Variable speed signs Internet-connected vehicles Driverless vehicles Lane use management Accurate vehicle tracking communicating with centralised systems Over height d
Slide 23: Technology Partnership
TECHNOLOGY PARTNERSHIP DEVELOPMENT OF ROAD-USER TECHNOLOGIES ROAD OWNER/OPERATOR TELECOMMUNICATIONS NAVIGATION, MAP AND ANALYTICS SOFTWARE TRAFFIC SERVICES PEOPLE | SOLUTIONS | OUTCOMES 23
Slide 24: Improving Customer Offering
IMPROVING CUSTOMER OFFERING CUSTOMER STRATEGY Focus on customer experience National model driving value and efficiencies Migration to self-service customer interfaces 24
Slide 25: Expanding Customer Base
EXPANDING CUSTOMER BASE AUSTRALIAN CUSTOMER BASE1 USA CUSTOMER BASE 3.5 3.5 3.0 3.0 CUMULATIVE UNIQUE TRANSPONDERS 2.5 2.5 CUSTOMERS (MILLIONS) USED ON ASSETS (MILLIONS) 2.0 2.0 1.5 1.5 1.0 1.0 0.5 0.5 0.0 0.0 2 2 FY13 FY14 FY15 FY13 FY14 FY15 1. Includes CityLink, go via, Roam and Roam Express acco
Slide 26: Enhancing Customer Experience
ENHANCING CUSTOMER EXPERIENCE MIGRATION TO SELF SERVICE (CITYLINK) 180,000 160,000 140,000 120,000 100,000 CITYLINK CUSTOMER 80,000 INTERACTIONS 60,000 FY13 FY15 VOLUME DIGITAL1 40,000 Online transactions 45% 62% Calls 20,000 0 JAN 2013 JUL 2013 JAN 2014 JUL 2014 JAN 2015 1. Excludes payment transac
Slide 27: National Model Driving Benefits
NATIONAL MODEL DRIVING BENEFITS NUMBER OF SERVICE OUTLETS ENHANCING CUSTOMER EXPERIENCE INCREASING OPERATIONAL EFFICIENCY FY14 FY15 More customer service Economies of scale VIC 814 1,708 channels − Costs savings through − increasing convenience and national contracts e.g. tag FY14 FY15 accessibi
Slide 28: Finance
FINANCE ADAM WATSON, CHIEF FINANCIAL OFFICER
Slide 29: Capital Strategy
CAPITAL STRATEGY CONSISTENTLY EFFICIENTLY FUND MAINTAIN STRONG COST EFFICIENT GROWING GROWTH INVESTMENT GRADE FUNDING THROUGH DISTRIBUTIONS CREDIT METRICS MARKET CYCLES 29
Slide 30: Capital Strategy
CAPITAL STRATEGY MAINTAIN STRONG INVESTMENT COST EFFICIENT FUNDING CONSISTENTLY GROWING EFFICIENTLY FUND GROWTH GRADE CREDIT METRICS THROUGH MARKET CYCLES DISTRIBUTIONS 22₵ 24₵ 27₵ 29.5₵ 31₵ 35₵ 39.5₵ FY09 FY10 FY11 FY12 FY13 FY14 FY15 Compound annual growth of more than 10% since FY09 (inclusive of
Slide 31: Capital Strategy
CAPITAL STRATEGY CONSISTENTLY GROWING MAINTAIN STRONG INVESTMENT COST EFFICIENT FUNDING DISTRIBUTIONS EFFICIENTLY FUND GROWTH GRADE CREDIT METRICS THROUGH MARKET CYCLES CITYLINK TULLA WIDENING NORTHCONNEX QM ACQUISITION CROSS CITY TUNNEL ACQUISITION 95 EXPRESS LANES LANE COVE TUNNEL 2500 ACQUISITION
Slide 32: Capital Strategy
CAPITAL STRATEGY CONSISTENTLY GROWING MAINTAIN STRONG COST EFFICIENT FUNDING EFFICIENTLY FUND GROWTH DISTRIBUTIONS INVESTMENT GRADE THROUGH MARKET CYCLES CREDIT METRICS 31 DEC 2014 TARGET STRONG INVESTMENT GRADE CREDIT METRICS FFO/DEBT1 ~8% 8 - 12%2 Strong investment grade ratings SENIOR – S&P: BBB
Slide 33: Funding Plan
CAPITAL STRATEGY CONSISTENTLY GROWING MAINTAIN STRONG INVESTMENT DISTRIBUTIONS EFFICIENTLY FUND GROWTH GRADE CREDIT METRICS COST EFFICIENT FUNDING THROUGH MARKET CYCLES FUNDING PLAN 30 JUNE 2013 31 DECEMBER 2014 CORPORATE DEBT BOOK CORPORATE DEBT BOOK Diversify funding sources Extend tenor in lo
Slide 34: Debt Book
DEBT BOOK NEAR TERM OPPORTUNITIES– PARTICULARLY AT AUSTRALIAN ASSET LEVEL CORPORATE AUSTRALIA NON-RECOURSE US NON-RECOURSE1 31 DECEMBER 2014 31 DECEMBER 2014 31 DECEMBER 2014 Total debt A$5.1b Total debt1 A$7.0b Total debt A$1.5b Average tenor 4.8yrs Average tenor1 3.2yrs3 Average tenor1 31.4yrs Ave
Slide 35: Portfolio Hedged Against Economic Cycles
PORTFOLIO HEDGED AGAINST ECONOMIC CYCLES INTEREST COST MINIMISED REVENUE BENEFITS DEBT BOOK SUBSTANTIALLY HEDGED1 INFLATION-LINKED TOLL PRICING2,3 Fixed rate hedging reduces exposure to interest rate movements Asset portfolio provides a mix of inflation protection and exposure to upside Extend
Slide 36: Tax Profile
TAX PROFILE AMORTISATION OF CAPITAL STAPLED STRUCTURE TAX INTEGRITY INVESTMENT Infrastructure assets require Critical to investment appeal TCL rated ‘low risk’ by the billions of dollars of upfront and ability to fund long term Australian Tax Office capital investment leading to infrastructure
Slide 37: Sydney Network
SYDNEY NETWORK ANDREW HEAD, GROUP GENERAL MANAGER NEW SOUTH WALES
Slide 38: Market Overview
MARKET OVERVIEW HIGHLIGHTS Continued strong traffic performance across the network, following Hills M2 and M5 enhancements NorthConnex construction commenced in February GLIDe roadside system successfully rolled out on Hills M2 and Eastern Distributor Agreement to restructure O&M services on
Slide 39: Network Optionality – Development
NETWORK OPTIONALITY – DEVELOPMENT ENHANCED TRAFFIC FLOWS FROM CIRCA $1.1B OF NETWORK INVESTMENT ON M2 AND M5 AVERAGE DAILY TRAFFIC GROWTH 20% STAGED LANE AND RAMP OPENINGS 15% 10% 0% 5% STAGED LANE M2 UPGRADE M5 WIDENING OPENINGS M2 COMMENCED COMMENCED -5% LANE COVE TUNNEL M5 SOUTH WEST WESTLINK M7
Slide 40: Network Optionality – Development
NETWORK OPTIONALITY – DEVELOPMENT CONCESSION EXTENSIONS M7 32 YEARS 11.4 YEARS M2 37 YEARS 6.1 YEARS M5 16 YEARS 3.3 YEARS ED 41 YEARS LCT 27 YEARS 11.5 YEARS CCT 21 YEARS 2005 2007 2009 2011 2013 2025 2027 2035 2037 2046 2048 40
Slide 41: Network Optionality – Pricing
NETWORK OPTIONALITY – PRICING COMMERCIAL VEHICLE PRICING ALIGNED TO COSTS AND BENEFITS TRUCK TOLL MULTIPLIER POST ENHANCEMENT TIME SAVINGS 3.5x 3.0x M2 40 MINUTES 2.5x 2.0x 1.5x NorthConnex 15 MINUTES ED 1.0x M2 M5 0.5x M7 LCT M5 15 MINUTES CCT FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 41
Slide 42: Network Optionality – O&M
NETWORK OPTIONALITY – O&M OPERATIONS AND MAINTENANCE EFFICIENCIES CONSOLIDATION OF O&M1 STRATEGIC RATIONAL Existing 33-year evergreen New KPI regime drives O&M contract with stronger performance Leighton Services on ED restructured1 − Up to 40% of contractor’s profit ED and CCT operations in-
Slide 43: Network Optionality – Technology
NETWORK OPTIONALITY – TECHNOLOGY TOLLING TECHNOLOGY ROADSIDE SERVICES CENTRAL BACK OFFICE SERVICES (GLIDe) (PHYSICAL INFRASTRUCTURE) ASSET SERVICES RETAIL SERVICES DATA CAPTURE TRIP TOLL COLLECTION CUSTOMER CONSTRUCTION MANAGEMENT Identifies the Links trip to vehicle/eTAG Vehicle trip customer
Slide 44: Network Optionality – Technology
NETWORK OPTIONALITY – TECHNOLOGY GLIDe ROLL-OUT AUG 2014 GLIDe asset services – M2 and ED CURRENT BENEFITS FUTURE OPPORTUNITIES Increased system reliability Rich source of data for JULY 2015 GLIDe asset system customer travel preferences – M7 and LCT Reduced leakage and behaviours GLIDe retail
Slide 45: Network Opportunity
NETWORK OPPORTUNITY GOVERNMENT TIMELINE WESTCONNEX $2B allocated to NSW Government for 2014 WestConnex Stage 2 D&C tender process commenced for Stage 2 2015 M4 Widening commenced (Stage 1a) Construction scheduled to commence on King Georges Road interchange (part of Stage 2) Preferred D&C to be sele
Slide 46: Melbourne Network
MELBOURNE NETWORK VIN VASSALLO, GROUP GENERAL MANAGER VICTORIA
Slide 47: Market Overview
MARKET OVERVIEW HIGHLIGHTS Continued refinement of operating model CityLink Tulla Widening renegotiation reached financial close on 30 April − construction to commence as planned in October 2015 Western Distributor market-led proposal has been positively received by government and progressed t
Slide 48: CityLink Tulla Widening
CITYLINK TULLA WIDENING REVISED AGREEMENT SCOPE FUNDING TCL to undertake all widening TCL project cost increased works on CityLink from $850M to $1B Federal Government has Additional costs offset by: committed $200M for widening ̶ reduced disruption to Melbourne Airport ̶ lower state payment
Slide 49: CityLink Tulla Widening Project Economics
CITYLINK TULLA WIDENING PROJECT ECONOMICS Toll price Index of minimum 4.5% extended by one year Truck multiplier (effective in one increment 1 April 2017) HCV tolls move from 1.9 x to 3 x HCV (day) from 1.3x to 3x HCV (night) from 1.3x to 2x Concession LCV from 1.3x to 1.6x extension One year extens
Slide 50: CityLink Tulla Widening
CITYLINK TULLA WIDENING ORIGINAL SCOPE REVISED SCOPE BENEFITS Increased control Reduced integration risk Reduced traffic disruption 50
Slide 51: Western Distributor
WESTERN DISTRIBUTOR BY 2031 MELBOURNE’S 200K WESTERN REGION IS EXPECTED TO GROW BY % 56 VEHICLES CROSS THE WEST GATE BRIDGE EVERY DAY (State of Victoria, 2014) (VicRoads, 2014) BY 2041 PORT OF 20K MELBOURNE TRAFFIC IS FORECAST TO INCREASE BY TRUCK TRIPS WERE % MADE ON INNER-WEST ROADS EVERY DAY IN 2
Slide 52: Western Distributor
WESTERN DISTRIBUTOR PRELIMINARY BENEFIT COST1 RATIO OF 1.6X 1. Prepared by Deloitte Access Economics in accordance with Austroads standards. 52
Slide 53: Western Distributor Overview
WESTERN DISTRIBUTOR OVERVIEW WEBB DOCK ACCESS IMPROVEMENTS Upgrading Cook Street and the West Gate Freeway to Bolte Bridge ramp, complementing port works already underway WEST GATE FREEWAY WIDENING 50% additional capacity by adding two lanes each way from M80 Ring Road to the Western Distributor tun
Slide 54: TCL Proposal - Staged Delivery
TCL PROPOSAL - STAGED DELIVERY OVERVIEW 2016 2017 2018 2019 2020 Transurban has progressed to Stage 3 of the Victorian WEBB DOCK ACCESS Government’s Market-led Proposal process WEST GATE FREEWAY WIDENING WESTERN DISTRIBUTOR 54
Slide 55: Project Benefits
PROJECT BENEFITS TRANSPORT ECONOMIC COMMUNITY BUSINESS Travel time savings: Preliminary benefit cost ratio Up to 50% less trucks on Increased motorway capacity − bypasses up to 14 sets of (BCR) of 1.6 times1 local streets enhances freight productivity traffic lights Including wider economi
Slide 56: Brisbane Network
BRISBANE NETWORK WESLEY BALLANTINE, GROUP GENERAL MANAGER QUEENSLAND
Slide 57: Market Overview
MARKET OVERVIEW HIGHLIGHTS Integration driving benefits – on track to outperform bid budget National operations model driving improvements to customer service Solid traffic performance across all assets during Q3FY15 – Logan Motorway traffic growth strong post pavement works Legacy Way expec
Slide 58: Integration Update
INTEGRATION UPDATE INTEGRATION ON TRACK PROGRAM TIMELINE KEY ACHIEVEMENTS 2 JUL 2014 DEC 2014 MAR 2015 NOW JUL 2015 JUL 2016 2017 Queensland Motorways rebranded Transurban Redefined Queensland National Corporate Integrated O&M leadership customer system tolling and integration Aligned vision,
Slide 59: Integration Update
INTEGRATION UPDATE NATIONAL MODEL DRIVING BENEFITS EMPLOYEE COSTS MARGIN IMPROVEMENT Reduction in annualised Further margin improvement direct employee costs expected as benefits annualise 59
Slide 60: National Customer Operations
NATIONAL CUSTOMER OPERATIONS CALL HANDLING TIMES SELF SERVICE RATES 350 65% 60% 300 55% 50% 250 45% 200 40% 35% FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 BAD DEBT RATE 0.3% Queensland FY15 National Customer Service Rate 0.2% 0.1% FY15 FY16 FY17 FY18 FY19 60
Slide 61: Network Development – Legacy Way Opening
NETWORK DEVELOPMENT – LEGACY WAY OPENING HIGHLIGHTS 4.6km road tunnel that connects the Western Freeway at Toowong with the Inner City Bypass ( ICB) at Kelvin Grove Western Freeway to ICB in just four minutes − avoids seven sets of traffic lights Improved connectivity to a range of destination
Slide 62: Legacy Way Ramp Up
DISCOUNT PERIOD 1 – FIRST ~5 MONTHS OF OPERATION LEGACY WAY RAMP UP TOLLS INCREASE BY CPI TOLL TOLLING STRATEGY INCREASE 12 month discount period for private vehicles TOLL INCREASE − designed to optimise first impression of asset for expected users DISCOUNT TOLL PERIOD FULL TOLL PERIOD Providing
Slide 63: Network Opportunities – AirportLink
NETWORK OPPORTUNITIES – AIRPORTLINK OVERVIEW Sale process expected to begin in near term Asset demonstrating steady state characteristics – as at December 2014, ~80% of AirportLink traffic were go via customers Modest growth expected over near term with impacts from improvements to key alterna
Slide 64: Investment Discipline
INVESTMENT DISCIPLINE COMPARISON OF TCL AND VENDOR TRAFFIC FORECASTS TCL APPROACH YEAR-ON-YEAR TRAFFIC GROWTH (AADT %) Commitment to accurate forecasting – alignment of interest as long-term operator 2.9% Detailed network modelling enables 2.4% rigorous assessment of key inputs 1.1% 0.7% Model
Slide 65: Development Opportunities
DEVELOPMENT OPPORTUNITIES HIGHLIGHTS Logan Motorway pinch points Actively exploring solutions to relieve bottle necks Gateway Upgrade North TCL undertaking final assessment of tenders on behalf of the State Government Formal recommendation to be made to the State Government by end of May Pacif
Slide 66: Northern Virginia Network
NORTHERN VIRGINIA NETWORK JENN AUMENT, GROUP GENERAL MANAGER NORTH AMERICA
Slide 67: Market Overview
MARKET OVERVIEW HIGHLIGHTS Continued 495 ramp-up Early and safe delivery of 95 Express Lanes with more than 5.6M safe hours Successful migration to joint system 95 Express Lanes commenced operations early (December 2014) 67
Slide 68: Network Synergies
NETWORK SYNERGIES Fully integrated tolling and traffic management system % 45 SAVINGS Consolidated traffic control room Single customer interface for ON 495 CONTROL service and information needs ROOM OPERATIONS Consistent network enforcement and incident response 68
Slide 69: Managed Lanes Networks
MANAGED LANES NETWORKS ESTABLISHED TWO ASSETS IN RAMP-UP $210,000 GROWING CUSTOMER BASE AVERAGE DAILY REVENUE (USD) 495 EXPRESS LANES $160,000 Average new monthly 48,000 customers1 More Beltway users becoming 12% $110,000 customers2 95 EXPRESS LANES $60,000 Total unique customers 550,000 $10,000 D
Slide 70: 95 and 495 Express Lanes
95 AND 495 EXPRESS LANES 1ST QUARTER OF OPERATIONS 1ST QUARTER OF OPERATIONS OPERATION LENGTH OF FACILITY 16km (10 miles) 45km (28 miles) AVERAGE WORKDAY TRAFFIC 23,308 43,165 AVERAGE TRIP LENGTH 10.5km (6.5 miles) 20.43km (12.7 miles) AVERAGE WEEKEND DAY TRAVEL $8,082 $35,024 PEAK PERIOD 6:30-9:00a
Slide 71: Unreliable General Purpose Lanes
UNRELIABLE GENERAL PURPOSE LANES FULL LENGTH PEAK 95 SOUTHBOUND EXPRESS AND GENERAL PURPOSE LANES1 250 200 MINUTES 150 GENERAL PURPOSE LANES 100 50 95 EXPRESS LANES AVERAGE TIME JAN-15 FEB -15 MAR -15 APR -15 1. Maximum trip time on workdays 71
Slide 72: Express Lanes Indicative Travel Time Savings
95 EXPRESS LANES INDICATIVE TRAVEL TIME SAVINGS TRAVEL TIME SAVINGS – FULL-LENGTH PEAK 95 SOUTHBOUND1 160 AVERAGE SAVINGS MAXIMUM SAVINGS More than two hours of MINUTES OF TRAVEL TIME SAVINGS savings experienced 120 80 40 0 MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY 1. Average workday in February 20
Slide 73: Dynamic Tolling Algorithm
DYNAMIC TOLLING ALGORITHM $20 DELIVERING VALUE FOR $15 CUSTOMERS $10 MANAGING OPERATIONAL ISSUES $5 OPTIMISING $0 FRIDAY REVENUE MONDAY TUESDAY WEDNESDAY THURSDAY 95 END-TO-END TOLL 495 END-TO-END TOLL 73
Slide 74: Active Management
ACTIVE MANAGEMENT GROWING E-ZPASS BASE INCREASED LANE AVAILABILITY ON 95 1.0M > 3 HRS 70% 83% GATE REVERSAL TIME 71 MINUTES 0.6M 2012 2015 DEC-2014 APR-2015 E-ZPASS USAGE ON 95 EXPRESS LANES HIGH SELF-SERVICE PAYMENT RATE 100% 96% 91% 0% DEC-2014 APR-2015 74
Slide 75: Shared Value - Policy Outcomes
SHARED VALUE - POLICY OUTCOMES 95 NORTHBOUND GENERAL PURPOSE LANES KEY ACHIEVEMENTS AVERAGE TRAVEL TIMES 70 68 Reduced travel times for 95 general purpose 65 lanes 62 Increased options for carpools and buses 60 MINUTES OF TRAVEL Direct returns on State investment 54 – 495 > 29 times investment
Slide 76: Continuous Network Enhancements
CONTINUOUS NETWORK ENHANCEMENTS Engaged partnership with local and state governments – New access point in Tysons – Auxiliary lanes to ease transitions – Extensions Network expansion opportunities 76
Slide 77: Summary
transurban SUMMARY er “He 11398 UNS 2 pee
Slide 78: Consistent Strategy
CONSISTENT STRATEGY To be the partner of choice with governments providing effective and innovative urban road infrastructure utilising core capabilities NETWORK COMMUNITY DEVELOPMENT TECHNOLOGY OPERATIONS PLANNING / ENGAGEMENT / DELIVERY AND CUSTOMER FORECASTING MANAGEMENT 78