Transurban Group Ltd. · ASX:TCL
Transurban — Macquarie Australia Conference 2022
22 slides from Transurban's conference presentation, May 3, 2022
Slide 1: Presentation to Macquarie Australia Conference
asx release 3 May 2022 For personal use only PRESENTATION TO MACQUARIE AUSTRALIA CONFERENCE Transurban provides the attached presentation which will be presented at the Macquarie Australia Investor Conference today. Investor enquiries Media enquiries Hannah Higgins Josie Brophy Acting Head of Invest
Slide 2: Macquarie Australia Conference 2022
For personal use only Macquarie Australia Conference 2022
Slide 3: Disclaimer and basis of preparation
Disclaimer and 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
Slide 4: West Gate Tunnel Project
West Gate Tunnel Project For personal use only Transformational project enhancing transport outcomes for Victoria • Vital alternative to the West Gate Bridge, which carries over 200,000 vehicles per day and regularly experiences congestion • WGTP will deliver around 70km of new traffic lanes, create
Slide 5: WGTP - improving freight outcomes
WGTP - improving freight outcomes For personal use only With freight demands expected to increase significantly over time, Transurban roads, including the West Gate Tunnel, will play a key role in how freight travels in the future Long-term freight growth supported by West Gate Tunnel Project • The
Slide 6: Freight pivotal to Australian economy
Freight pivotal to Australian economy For personal use only 4 billion 163 8.6% of 3.2% tonnes tonnes GDP growth of goods carried across average freight volume contributed by the freight in road freight movement Australia each year carried for every person in and logistics sector across Australia in
Slide 7: Insights hub
For personal use only Insights hub
Slide 8: Group strategy
Group strategy For personal use only By understanding what matters to our stakeholders, we create road transport solutions that make us a partner of choice
Slide 9: Transurban investment proposition
Transurban investment proposition For personal use only Leading global toll 21 assets located in Weighted average Seven projects Long-term road developer five markets with concession life of currently in relationships with and operator quality structural ~30 years development governments growth driv
Slide 10: Supporting distribution growth
Supporting distribution growth For personal use only Continued Balance sheet capacity Inflation benefit Delivering momentum in internally to fund with near-term distribution traffic growth existing near-term interest rate growth expected growth opportunities protection Long-term distribution Anticip
Slide 11: Supporting distribution growth
Supporting distribution growth Long-term distribution growth expected to be supported by traffic growth, inflation-linked toll escalations and balance sheet capacity For personal use only Traffic growth expected to drive long-term distributions Near-term protection from hedging and inflation-linked
Slide 12: Weekly traffic data
Weekly traffic data1 For personal use only Sydney weekly traffic vs 2019 (%) Melbourne weekly traffic vs 2019 (%) Week commencing Week commencing 3-Jan 17-Jan 31-Jan 14-Feb 28-Feb 14-Mar 28-Mar 11-Apr 3-Jan 17-Jan 31-Jan 14-Feb 28-Feb 14-Mar 28-Mar 11-Apr 50% 10% 40% 0% 30% -10% 20% -20% 10% 0% -30%
Slide 13: Traffic insights
Traffic insights Continued preference for private transport over public transport for Private road transport usage has recovered closer to pre-pandemic For personal use only daily use level compared to public transport modes1 • Latest NSW public transport data1 shows public transport volumes down Ch
Slide 14: Capital management approach
Capital management approach For personal use only Cash flow growth Long-term growth in Funding risk mitigation Balance sheet strength underpinned Free Cash to fund and diversification provides optionality for by essential distributions investment in new infrastructure opportunities Balancing growth
Slide 15: Opportunity pipeline
Opportunity pipeline Long term investment horizon and pipeline of opportunities in core markets enables Transurban to take a disciplined approach in growing the portfolio For personal use only REGION POTENTIAL OPPORTUNITIES1 NEXT 5 YEARS 5+ YEARS Brisbane Sydney Western Harbour Tunnel and Sydney Har
Slide 16: Project updates
Project updates M7-M12 Integration Project— M7-M12 Integration Project—new • Delivering value for government, Fredericksburg For personal use only overview and update connections for Western Sydney community and business. Creating road Extension transport solutions for government that update • M7 is
Slide 17: Supporting distribution growth
Supporting distribution growth For personal use only Continued Balance sheet capacity Inflation benefit Delivering momentum in internally to fund with near-term distributions traffic growth existing near-term interest rate growth expected growth opportunities protection
Slide 18: Glossary and notes
For personal use only Glossary and notes
Slide 19: Tolling escalation
Tolling escalation MOTORWAY ESCALATION MOTORWAY ESCALATION For personal use only M2 Tolls escalate quarterly by the greater of quarterly CPI or 1% Tolls escalate quarterly by an equivalent of 4.25% per annum to 30 West Gate Tunnel1 June 2029 and quarterly CPI thereafter LCT Class A tolls escalate qu
Slide 20: Near-term interest rate protection notes
Near-term interest rate protection notes Footnotes to slide 10 (Supporting distribution growth) For personal use only 2. Based on 1H22 proportional toll revenue by asset excluding Roam Tolling and Tollaust revenue. 3. CPI linked category includes assets where toll prices increase at CPI or at the gr
Slide 21: Glossary
Glossary TERM DEFINITION TERM DEFINITION For personal use only 95 95 Express Lanes E-WAY M5 West retail tolling brand 395 395 Express Lanes FFO Funds From Operations 495 495 Express Lanes FFO/DEBT Based on S&P methodology. FFO is calculated as statutory EBITDA (where EBITDA equals 1H/2H First or sec
Slide 22: Glossary
Glossary TERM DEFINITION TERM DEFINITION For personal use only MD Maryland, United States of America SLN Shareholder Loan Note. An interest bearing shareholder loan MDOT Maryland Department of Transportation SPV Special Purpose Vehicle MTQ Ministère des Transports du Québec STATE WORKS The capital c
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