Aurizon Holdings Ltd. · ASX:AZJ
Aurizon — FY2021 Earnings Presentation
78 slides from Aurizon's earnings presentation, Aug 9, 2021
Slide 1: Full year results presentation (ASX announcement)
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 9 August 2021 Full year results presentation Attached is Aurizon Holding Limited’s full year results presentation for release to the market.
Slide 2: FY2021 Results
For personal use only FY2021 Results 9 August 2021
Slide 3: Disclaimer
FY2021 RESULTS Disclaimer For personal use only NO RELIANCE ON THIS DOCUMENT NO OFFER OF SECURITIES This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as Nothing in this presentation should be construed as a recommendation of or an offer to sell or “Aurizon” which
Slide 4: Safety performance
FY2021 RESULTS Safety performance Results have been flat across the safety metrics For personal use only TOTAL RECORDABLE INJURY FREQUENCY RAIL PROCESS SAFETY (RPS) LOST TIME INJURY FREQUENCY RATE RATE (TRIFR) (LTIFR) Incidents per million Incidents per million train Incidents per million person-hou
Slide 5: Performance overview
For personal use only Performance overview Andrew Harding Managing Director & CEO
Slide 6: Investor Day recap – focus of each business
FY2021 RESULTS PERFORMANCE OVERVIEW Investor Day recap – focus of each business Resilient Network and Coal business supporting Bulk growth and shareholder returns For personal use only COAL BULK NETWORK › Continue transformation and › Growing markets and new › Embed UT5 for regulatory productivity p
Slide 7: Investor Day recap – strategic aim
FY2021 RESULTS PERFORMANCE OVERVIEW Investor Day recap – strategic aim Resilient Network and Coal business supporting Bulk growth and shareholder returns For personal use only Resilient coal and Growing bulk business Evolving mix reduces network businesses with new markets thermal coal exposure Safe
Slide 8: FY2021 highlights
FY2021 RESULTS PERFORMANCE OVERVIEW FY2021 highlights1 Solid EBIT result. Final dividend of 14.4 cents per share, up 5% For personal use only EBITDA & EBIT STATUTORY NPAT2 ROIC FREE CASHFLOW3 $1,482m up 1% $607m 10.7% $734m $903m - down 0.2ppts up 1% down 1% ABOVE RAIL COAL BULK: ABOVE RAIL FINAL DI
Slide 9: Commodity Market update
FY2021 RESULTS PERFORMANCE OVERVIEW Commodity Market update Despite challenges with export volume to China, Australian coal has successfully been redirected For personal use only into alternative markets. Expanding Asian markets support other bulk commodities demand CRUDE STEEL PRODUCTION: KEY NATIO
Slide 10: Coal update
FY2021 RESULTS PERFORMANCE OVERVIEW Coal update Haulage volumes expected to grow in FY2022, increasing contract utilisation. Operational For personal use only efficiencies mitigate contract rate pressures CUSTOMER UPDATE OPERATIONAL EFFICIENCIES › Contracts: › Short-term initiatives when demand is l
Slide 11: Bulk update
FY2021 RESULTS PERFORMANCE OVERVIEW Bulk update Strong performance continues with EBITDA up 27% from higher volumes For personal use only CUSTOMER UPDATE BULK SHARE OF ABOVE RAIL REVENUE2 & EBIT › CBH – Ten-year grain haulage contract commencing August 2021 40% › South32 Worsley – Three-year contrac
Slide 12: Network update
FY2021 RESULTS PERFORMANCE OVERVIEW Network update Protection mechanisms result in relatively stable revenue despite volume volatility. WIRP fees For personal use only commenced during the period NETWORK: ACCESS REVENUE AND VOLUME WIGGINS ISLAND RAIL PROJECT (WIRP) FY2017-FY2021 › WIRP fees of $60m
Slide 13: Other matters
FY2021 RESULTS PERFORMANCE OVERVIEW Other matters Sale of Acacia Ridge completed during the year. Other major items continue to progress For personal use only WIGGINS ISLAND RAIL PROJECT › 1 September 2020: Customers' appeal relating to payment of non-regulated WIRP fee dismissed by Queensland Court
Slide 14: FY2021 Financial Performance
For personal use only FY2021 Financial Performance George Lippiatt CFO & Group Executive Strategy
Slide 15: Key financial highlights
FY2021 RESULTS FINANCIAL PERFORMANCE Key financial highlights1 EBITDA performance driven by Bulk (volume growth) and Network (WIRP fees) For personal use only $m FY2021 FY2020 Variance › Revenue decline due to volume driven Revenue 3,019 3,065 (1%) reductions in Coal partially offset by continued Op
Slide 16: Coal
FY2021 RESULTS FINANCIAL PERFORMANCE Coal Volume and pricing decline contribute to reduction in EBITDA For personal use only Revenue $m FY2021 FY2020 Variance › Volumes lower due to COVID related coal demand in addition to a Above rail 1,164 1,260 (8%) challenging China trade environment, end of con
Slide 17: Bulk
FY2021 RESULTS FINANCIAL PERFORMANCE Bulk Strong EBITDA growth continues through additional volumes and services For personal use only Revenue $m FY2021 FY2020 Variance › Revenue higher through new contract and services growth and improved Revenue 635 609 4% revenue quality › Revenue net of access u
Slide 18: Network
FY2021 RESULTS FINANCIAL PERFORMANCE Network EBITDA growth from commencement of WIRP fees offsetting lower volumes For personal use only Revenue $m FY2021 FY2020 Variance › Track access higher with WIRP fees, favourable revenue cap movements Track Access1 1,179 1,132 4% and Take-or-Pay more than off
Slide 19: Free Cash Flow and capex
FY2021 RESULTS FINANCIAL PERFORMANCE Free Cash Flow and capex Stable free cash flow has been maintained despite lower volumes For personal use only FREE CASH FLOW 1 ($M) | COAL VOLUME › Capital expenditure for FY2021 was below guidance Cash Flow Coal Volume mainly attributable to Network Asset Renew
Slide 20: Cashflow
FY2021 RESULTS FINANCIAL PERFORMANCE Cashflow Stable cash flows have provided certainty on distributions with strong balance sheet providing For personal use only optionality for capital management or growth FREE CASH FLOW 1 AND DIVIDENDS PAID2 ($M) AVERAGE PER YEAR3 $800m 734 720 725 OPERATING CASH
Slide 21: Funding update
FY2021 RESULTS FINANCIAL PERFORMANCE Funding update With resilient Free Cash Flow, Aurizon’s credit profile is strong and debt markets remain For personal use only supportive FY2021 FUNDING ACTIVITY KEY DEBT METRICS FY2021 FY2020 Aurizon Network Weighted average maturity2 4.4 years 3.8 years › Issue
Slide 22: Outlook & Key Takeaways
For personal use only Outlook & Key Takeaways Andrew Harding Managing Director & CEO
Slide 23: FY2022 outlook
FY2021 RESULTS OUTLOOK & KEY TAKEAWAYS FY2022 outlook Given the focus on free cash flow, guidance shifting to EBITDA and capex. Bulk’s share of For personal use only earnings to increase, improving diversification Group EBITDA guidance $1,425m – $1,500m and sustaining capex $475m - $525m KEY ASSUMPT
Slide 24: Our value creation record
FY2021 RESULTS OUTLOOK & KEY TAKEAWAYS Our value creation record Despite changed external environment, Aurizon's cashflows remain stable and the focus on For personal use only transformation continues HIGHLIGHTS STRONG HISTORY OF SHAREHOLDER RETURNS1 ✓ Negotiated and executed UT5 $5.0b ✓ De-risked t
Slide 25: 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 24
Slide 26: Additional Information: ESG
For personal use only Additional Information: ESG
Slide 27: Our ESG contribution
FY2021 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 LEAD THROUGH AND COMMUNITIES… TRANSPARENT GOVERNANCE › Climate Strategy and Action Plan › U
Slide 28: Climate Strategy and Action Plan
FY2021 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 Achieving
Slide 29: Climate Strategy and Action Plan – emissions profile
FY2021 RESULTS ADDITIONAL INFORMATION Climate Strategy and Action Plan The majority of our emissions are associated with the consumption of energy (fuel and electricity) For personal use only in the day-to-day operation of our locomotive fleet AURIZON’S GREENHOUSE GAS PROFILE AURIZON’S LOCOMOTIVE EM
Slide 30: Australian Export Demand - Commodities
FY2021 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 THERMAL
Slide 31: Global & Australia Coal Summary
FY2021 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 FY2021 Export Revenue3 Production1 2020 Coal Production1 2020 FY2021
Slide 32: Metallurgical coal market
FY2021 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 (CRUD
Slide 33: Thermal coal market
FY2021 RESULTS ADDITIONAL INFORMATION Thermal coal market From a share of just 34% in 1990, Asia currently comprises over 86% of the import market. For personal use only In FY2021, 97% of Australian thermal coal export volume was destined for this region1 ASIA: THERMAL (STEAM) COAL IMPORT VOLUME | S
Slide 34: Metallurgical Coal & Thermal Coal Market | Australia
FY2021 RESULTS ADDITIONAL INFORMATION Metallurgical Coal & Thermal Coal Market | Australia In addition to its geographic proximity to Asia, Australia’s coal competitiveness is driven by cost For personal use only and coal quality characteristics METALLURGICAL COAL CASH COSTS (US$/T CFR INDIA, 2021)1
Slide 35: Bulk markets
FY2021 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 CAPIT
Slide 36: Additional Information: Group
For personal use only Additional Information: Group
Slide 37: Overview of Aurizon's operations
FY2021 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 Centra
Slide 38: Purpose, Vision, Values and Strategic Levers
FY2021 RESULTS ADDITIONAL INFORMATION Purpose, Vision, Values and Strategic Levers For personal use only 37
Slide 39: Quarterly tonnes: June 2021
FY2021 RESULTS ADDITIONAL INFORMATION Quarterly tonnes: June 2021 For personal use only Quarter Ending Financial Year Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Variance1 FY2021 FY2020 Variance1 Coal volumes (mt) CQCN 38.8 34.7 36.5 35.5 37.0 (5%) 143.7 150.1 (4%) NSW & SEQ 17.0 15.3 15.3 13.0 14.7 (14%) 58
Slide 40: Enterprise Agreements
FY2021 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 Services1 45 3 1 Nov 2021 2.5% 2.5% 2.5% Bargaining NSW Coal 320 3 10 Nov 2021
Slide 41: Prioritisation of capital
FY2021 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 ma
Slide 42: Financial highlights (underlying)
FY2021 RESULTS ADDITIONAL INFORMATION Financial highlights1 (underlying) For personal use only $m FY2021 FY2020 Variance Revenue 3,019.3 3,064.6 (1%) Operating Costs (1,537.1) (1,597.0) (4%) EBITDA 1,482.2 1,467.6 1% EBIT 903.1 909.0 (1%) NPAT 533.2 531.3 - EPS (cps) 28.5 27.2 5% Final dividend per
Slide 43: Underlying group EBITDA bridge
FY2021 RESULTS ADDITIONAL INFORMATION Underlying group EBITDA bridge1 ($m) For personal use only 1,482 1,468 17 51 83 30 FY2020 Coal Bulk Network Other FY2021 1. Continuing operations 42 Note: Due to rounding, the sum of components may not equal the corresponding total
Slide 44: Underlying EBITDA by business unit
FY2021 RESULTS ADDITIONAL INFORMATION Underlying EBITDA1 by business unit ($m) For personal use only FY2021 FY2020 Variance Coal 533.3 616.4 (13%) Bulk 139.9 110.1 27% Network 848.8 798.1 6% Other (39.8) (57.0) 30% EBITDA 1,482.2 1,467.6 1% 43 1. Continuing operations
Slide 45: Balance sheet summary
FY2021 RESULTS ADDITIONAL INFORMATION Balance sheet summary ($m) For personal use only 30 June 2021 30 June 2020 Assets classified as held for sale 5.0 65.1 Other current assets 806.9 650.2 Total current assets 811.9 715.3 Property, plant and equipment (PP&E) 8,432.2 8,537.1 Other non-current assets
Slide 46: Reconciliation of borrowings
FY2021 RESULTS ADDITIONAL INFORMATION Reconciliation of borrowings For personal use only $m Commentary Total debt including working capital facility 3,609.9 Borrowings on a cash basis Reconciliation to Financial Statements Add/(less): Capitalised transaction costs (11.4) Discounts on medium term not
Slide 47: Significant adjustments
FY2021 RESULTS ADDITIONAL INFORMATION Significant adjustments ($m) For personal use only FY2021 FY2020 Continuing operations – Net gain on sale of shares in Aquila (before tax) 8.2 - Continuing operations – Net gain on sale of Rail Grinding (before tax) - 105.4 Significant adjustments from continuin
Slide 48: Redundancy cost information
FY2021 RESULTS ADDITIONAL INFORMATION Redundancy cost information For personal use only › Redundancy costs are classified as a significant item Year Redundancy costs included Redundancy costs classified and included in underlying EBIT when the amounts are in underlying EBIT ($m) as Significant items
Slide 49: Dividend history
FY2021 RESULTS ADDITIONAL INFORMATION Dividend history For personal use only 35.0c 100% 90% 30.0c 28.8 27.1 27.4 80% 25.0c 24.6 24.0 23.8 70% Amount (Cents) Per Share 22.5 14.4 60% Payout Ratio1 20.0c 13.1 13.7 13.3 8.9 12.4 50% 16.5 13.9 15.0c 40% 12.3 8.5 10.0c 30% 8.3 8.2 13.6 14.0 13.7 14.4 20%
Slide 50: Additional Information: Coal
For personal use only Additional Information: Coal
Slide 51: Coal Operations
FY2021 RESULTS ADDITIONAL INFORMATION Coal Operations For personal use only 50
Slide 52: Coal operating metrics
FY2021 RESULTS ADDITIONAL INFORMATION Coal operating metrics For personal use only FY2021 FY2020 Variance Total tonnes hauled (m) 202.1 213.9 (6%) Contract utilisation 83% 86% (3ppt) Total NTK (bn) 47.1 50.0 (6%) Average haul length (km) 233 234 - Total revenue / NTK ($/’000 NTK) 34.2 35.5 (4%) Abov
Slide 53: Coal haulage tonnes (mt) by system
FY2021 RESULTS ADDITIONAL INFORMATION Coal haulage tonnes (mt) by system For personal use only FY2021 FY2020 Variance CQCN Newlands 18.2 20.8 (13%) Goonyella 60.3 59.9 1% Blackwater 52.3 55.6 (6%) Moura 12.9 13.8 (7%) Total CQCN 143.7 150.1 (4%) NSW & SEQ West Moreton 4.1 5.5 (25%) Hunter Valley 54.
Slide 54: Coal contract portfolio
FY2021 RESULTS ADDITIONAL INFORMATION Coal contract portfolio Coal has a secure, long dated contract book, as demonstrated by contract wins announced today For personal use only AURIZON COAL CONTRACT VOLUME EXPIRY BY YEAR1 COAL CONTRACT PORTFOLIO EXPIRY1 AS AT 30 JUNE 2021 AS AT 30 JUNE 2021 75 6% 0
Slide 55: Additional Information: Bulk
For personal use only Additional Information: Bulk
Slide 56: Bulk operations: Queensland
FY2021 RESULTS ADDITIONAL INFORMATION Bulk operations: Queensland For personal use only 55
Slide 57: Bulk operations: New South Wales, Victoria and South Australia
FY2021 RESULTS ADDITIONAL INFORMATION Bulk operations: New South Wales, Victoria and South Australia For personal use only 56
Slide 58: Bulk operations: Western Australia
FY2021 RESULTS ADDITIONAL INFORMATION Bulk operations: Western Australia For personal use only 57
Slide 59: Aurizon Port Services
FY2021 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 development
Slide 60: Bulk – Australia Capital & Exploration Expenditure
FY2021 RESULTS ADDITIONAL INFORMATION Bulk – Australia Capital & Exploration Expenditure For personal use only CAPITAL EXPENDITURE: METAL ORE MINING1 EXPLORATION EXPENDITURE: IRON ORE A$150m A$6.0b +22% +37% A$100m A$4.0b A$2.0b A$50m A$0.0b A$0m Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- Mar- Mar- Sep
Slide 61: Additional Information: Network
For personal use only Additional Information: Network
Slide 62: Network Operations
FY2021 RESULTS ADDITIONAL INFORMATION Network Operations For personal use only 61
Slide 63: Network financial and operating metrics
FY2021 RESULTS ADDITIONAL INFORMATION Network financial and operating metrics For personal use only $m FY2021 FY2020 Variance Tonnes (m) 208.3 226.9 (8%) NTK (bn) 52.4 56.2 (7%) Operating Ratio 58.4% 60.6% 2.2ppt Maintenance/NTK ($/’000 NTK) 2.4 2.3 (4%) Opex/NTK ($/’000 NTK) 13.7 12.8 (7%) Cycle Ve
Slide 64: Network volumes: All rail operators
FY2021 RESULTS ADDITIONAL INFORMATION Network volumes: All rail operators For personal use only FY2021 FY2020 Variance Newlands 10.7 14.1 (24%) Goonyella 103.4 117.7 (12%) Blackwater 61.5 62.6 (2%) Moura 12.7 13.6 (6%) GAPE 20.0 18.8 6% Total (mt) 208.3 226.9 (8%) 63 Note: Due to rounding, the sum o
Slide 65: Network – FY2021 Access Revenue movement
FY2021 RESULTS ADDITIONAL INFORMATION Network – FY2021 Access Revenue movement For personal use only $m $m Decrease in MAR from FY2020 to FY2021 (3.9) Volume under-recovery for FY2021 (including Take-or-Pay) (34.6) Volume under-recovery for FY2020 (reversal of FY2020 impact) 22.6 GAPE revenue (0.8)
Slide 66: Network adjusted MAR bridge – Approved UT5 Undertaking
FY2021 RESULTS ADDITIONAL INFORMATION Network adjusted MAR bridge – Approved UT5 Undertaking For personal use only INDICATIVE NETWORK ADJUSTED MAXIMUM ALLOWABLE REVENUE (MAR)^ FY2019 – FY2023 ($M) 7 ~959 18 5 7 11 5 27 27 13 ~935 2 35 35 23 13 ~914 ~911 ~77 869 12 23 60 45 FY19 FY19 FY20 FY17 FY2018
Slide 67: Network revenue adjustment amounts (revenue cap)
FY2021 RESULTS ADDITIONAL INFORMATION Network revenue adjustment amounts (revenue cap) For personal use only › Revenue adjustment amounts (RAA) are the AT2-4 AT5 Total difference by system between Aurizon’s Total Financial Year (diesel tariff) (electric tariff) Actual AT2-5 Revenue and Allowable AT2
Slide 68: Reconciliation of billed MAR to reported access revenue
FY2021 RESULTS ADDITIONAL INFORMATION Reconciliation of billed MAR to reported access revenue For personal use only FY2021 FY2020 FY2019 $m Actual Actual Actual Billed Access Revenue (AT1 to AT5) (ex. GAPE) 911 927 885 Approved Adjustments to MAR Revenue Cap (ex. GAPE and inclusive of capitalised in
Slide 69: UT5 Undertaking
FY2021 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 September 2021 1 July 2023 30 June 2027 1 July 2017 Initial Date Report
Slide 70: UT5 Undertaking: Revenue Protection Mechanisms
FY2021 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 Regulato
Slide 71: UT5 Undertaking: Regulatory Asset Base (RAB)
FY2021 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, tr
Slide 72: UT5 Undertaking: Building Blocks
FY2021 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 Report Date (expected September 2021 quarter) › 6.30% from Report Date to 30 June 2023 › WACC r
Slide 73: UT5 Undertaking: Rebate Mechanism
FY2021 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’s
Slide 74: Independent Expert
FY2021 RESULTS ADDITIONAL INFORMATION Independent Expert The Independent Expert, Coal Network Capacity Co Pty Ltd, is progressing development of the For personal use only Initial Capacity Assessment Report (ICAR) and remaining obligations Activity Progress Notes › Incorporation of Coal Network Capac
Slide 75: Additional Information: Capital Expenditure
For personal use only Additional Information: Capital Expenditure
Slide 76: Group and business unit capital expenditure
FY2021 RESULTS ADDITIONAL INFORMATION FY2021 group and business unit capital expenditure ($m) For personal use only 490 446 259 143 257 123 73 51 44 3 12 2 20 22 FY20211,2 Network1,2 Coal1 Bulk2 Intermodal Corporate Non-Growth Growth 1. Includes capitalised interest 75 2. Net of externally funded pa
Slide 77: Glossary
FY2021 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, Social
Slide 78: 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 77