Transurban Group Ltd. · ASX:TCL
Transurban — Macquarie Australia Conference 2022
21 slides from Transurban's conference presentation, 2022
Slide 1: Macquarie Australia Conference 2022
Macquarie Australia Conference 2022
Slide 2: 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 3: West Gate Tunnel Project
West Gate Tunnel Project 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 more than 6,000 const
Slide 4: WGTP - improving freight outcomes
WGTP - improving freight outcomes 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 West Gate Tunnel Proje
Slide 5: Freight pivotal to Australian economy
Freight pivotal to Australian economy 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 2021 Australia each ye
Slide 6: Insights hub
Insights hub Insights hub Safety ¥ Freight » Travel Future v =Transurban Insights hub Explore our data million trips a ‘on our Austral erican roads. Whether g friends or delivering goods—every trip n ibutes to the productivity Technology and data drive everything we do at Transurban, including helpi
Slide 7: Group strategy
Group strategy By understanding what matters to our stakeholders, we create road transport solutions that make us a partner of choice
Slide 8: Transurban investment proposition
Transurban investment proposition 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 drivers or delivery and st
Slide 9: Supporting distribution growth
Supporting distribution growth 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 Anticipate near and long- Act
Slide 10: 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 Traffic growth expected to drive long-term distributions Near-term protection from hedging and inflation-linked tolls1 2,000 400 Growt
Slide 11: Weekly traffic data
Weekly traffic data1 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% -10% -40% Weather Lab
Slide 12: Traffic insights
Traffic insights Continued preference for private transport over public transport for Private road transport usage has recovered closer to pre-pandemic daily use level compared to public transport modes1 • Latest NSW public transport data1 shows public transport volumes down Change in NSW public tra
Slide 13: Capital management approach
Capital management approach 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 in distributions over
Slide 14: 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 REGION POTENTIAL OPPORTUNITIES1 NEXT 5 YEARS 5+ YEARS Brisbane Sydney Western Harbour Tunnel and Sydney Harbour Tunnel potential
Slide 15: Project updates
Project updates M7-M12 Integration Project— M7-M12 Integration Project—new • Delivering value for government, Fredericksburg overview and update connections for Western Sydney community and business. Creating road Extension transport solutions for government that update • M7 is a ~39km, four lane mo
Slide 16: Supporting distribution growth
Supporting distribution growth 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 17: Glossary and notes
Glossary and. notes Transurban
Slide 18: Tolling escalation
Tolling escalation MOTORWAY ESCALATION MOTORWAY ESCALATION 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 quarterly by quarterly C
Slide 19: Near-term interest rate protection notes
Near-term interest rate protection notes Footnotes to slide 10 (Supporting distribution growth) 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 greater of CPI or a fixe
Slide 20: Glossary
Glossary TERM DEFINITION TERM DEFINITION 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 second half of a financia
Slide 21: Glossary
Glossary TERM DEFINITION TERM DEFINITION 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 contribution for WestCo
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