Transurban Group Ltd. · ASX:TCL
Transurban — Investor Day (May 2016)
83 slides from Transurban's investor day presentation, May 3, 2016
Slide 1: Transurban Investor Day Presentation (ASX release)
asx release 3 May 2016 For personal use only TRANSURBAN INVESTOR DAY PRESENTATION Please find attached a presentation that will be provided at the Transurban Investor Day today. The presentation will also be webcast live from 9:30am AEST on the Transurban website: www.transurban.com. Julie Galligan
Slide 2: 2016 Investor Day: Positioning for the Future
3 MAY 2016 TRANSURBAN For personal use only 2016 INVESTOR DAY POSITIONING FOR THE FUTURE
Slide 3: Agenda: Positioning for the Future
AGENDA: POSITIONING FOR THE FUTURE OVERVIEW AND STRATEGY WORKING WITH GOVERNMENT PARTNERS 1 Scott Charlton 7 Tony Adams For personal use only FUTURE ENVIRONMENT GREATER WASHINGTON AREA 2 Michele Huey 8 Jennifer Aument INVESTING IN OUR TECHNOLOGY CAPABILITY SYDNEY 3 Lisa Tobin and David Hanus 9 Andre
Slide 4: Overview and Strategy
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only OVERVIEW AND STRATEGY SCOTT CHARLTON
Slide 5: Strategy Statement
STRATEGY STATEMENT For personal use only To be the partner of choice with governments providing effective and innovative urban road infrastructure utilising core capabilities 2016 INVESTOR DAY | 3 MAY 2016 4
Slide 6: Transurban Strategy: Who, What, How
TRANSURBAN STRATEGY For personal use only WHO WHAT HOW Governments with: Provide effective and innovative Long-term owner/operator urban road infrastructure Location on eastern seaboard Leveraging existing networks of Australia and North America Offer customers value through Demonstratin
Slide 7: Near-Term Focus
NEAR-TERM FOCUS For personal use only Delivery and execution of $11 billion project pipeline, Transurban’s share $8 billion Operations and technology Managed Operations & Customer Community & motorways Maintenance stakeholder model (O&M) engagement 2016 INVESTOR DAY | 3 MAY 2016 6
Slide 8: Medium to Long-Term Focus: Next Generation Opportunities, Sydney
MEDIUM TO LONG-TERM FOCUS NEXT GENERATION DEVELOPMENT OPPORTUNITIES For personal use only Sydney 2016 INVESTOR DAY | 3 MAY 2016 7
Slide 9: Medium to Long-Term Focus: Next Generation Opportunities, Melbourne
MEDIUM TO LONG-TERM FOCUS NEXT GENERATION DEVELOPMENT OPPORTUNITIES For personal use only Melbourne 2016 INVESTOR DAY | 3 MAY 2016 8
Slide 10: Medium to Long-Term Focus: Next Generation Opportunities, Brisbane
MEDIUM TO LONG-TERM FOCUS NEXT GENERATION DEVELOPMENT OPPORTUNITIES For personal use only Brisbane 2016 INVESTOR DAY | 3 MAY 2016 9
Slide 11: Medium to Long-Term Focus: Next Generation Opportunities, Greater Washington Area
MEDIUM TO LONG-TERM FOCUS NEXT GENERATION DEVELOPMENT OPPORTUNITIES For personal use only Greater Washington Area 2016 INVESTOR DAY | 3 MAY 2016 10
Slide 12: Recent Changes to Policy Environment
MEDIUM TO LONG-TERM FOCUS RECENT CHANGES TO POLICY ENVIRONMENT For personal use only HEADLINES Malcolm Turnbull urged to charge motorists for using roads The Australian | Feb 2016 Driven mad in traffic? We need user pays roads Sydney Morning Herald | Feb 2016 Scott Morrison urged to hold road user p
Slide 13: Policy Environment Considerations
MEDIUM TO LONG-TERM FOCUS POLICY ENVIRONMENT CONSIDERATIONS For personal use only Inequity of current road funding model – Fuel efficient and electric cars contribute less in fuel excise – Car registration annual fee not based on usage Reform inevitable – Transurban preparing for change ROAD USA
Slide 14: Preparing for Technology Advances
LONG-TERM FOCUS PREPARING FOR TECHNOLOGY ADVANCES For personal use only Technology advances impacting capacity: Connected and autonomous vehicles (CAVs) Vehicle platooning Designated lanes Potential for 10-25% increase Vehicle platooning in motorway capacity by 2030s Dedicated lanes for CAVs S
Slide 15: The Future Demographic Environment
LONG-TERM FOCUS THE FUTURE DEMOGRAPHIC ENVIRONMENT POPULATION CAR TRIPS For personal use only Customer behavioural changes (MILLIONS) (MILLIONS PER WEEK DAY) impacting demand 4.1 8.3 MELBOURNE – Changes in travel patterns 6.7 13.6 – Changes in car ownership 4.6 8.4 Population growth environment
Slide 16: Future Environment
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only FUTURE ENVIRONMENT MICHELE HUEY
Slide 17: Multiple Factors Driving Change on Transport Networks
FUTURE ENVIRONMENT MULTIPLE FACTORS DRIVING CHANGE ON TRANSPORT NETWORKS For personal use only Technology advances Social changes Policy evolutions 2016 INVESTOR DAY | 3 MAY 2016 16
Slide 18: Advances in Vehicle Technology and Infrastructure Connectivity
FUTURE ENVIRONMENT ADVANCES IN VEHICLE TECHNOLOGY AND INFRASTRUCTURE CONNECTIVITY For personal use only Long-range radar Short/medium range radar Light detection & ranging Camera Ultrasound Rapid pace in vehicle technology Infrastructure connectivity critical advancement Hazard and situation aware
Slide 19: Progressive Roll-out of CAVs
FUTURE ENVIRONMENT PROGRESSIVE ROLL-OUT OF CAVS For personal use only Vehicle automation level as defined by National USA VEHICLE FLEET BY AUTOMATION LEVEL Highway Traffic Safety Administration (USA) % OF TOTAL FLEET Level 4 – Complete self-driving automation Level 3 – Limited self-driving autom
Slide 20: Positive Impact on Road Safety
FUTURE ENVIRONMENT POSITIVE IMPACT ON ROAD SAFETY For personal use only Crash reduction with the use of CAVs Leveraging technology on our assets today CRASH RATE PER MILLION MILES Incident prevention measures – E.g. over-height vehicle detection and incident management Road conditions response –
Slide 21: Positive Impact on Road Capacity
FUTURE ENVIRONMENT POSITIVE IMPACT ON ROAD CAPACITY For personal use only Combination of CAVs and infrastructure connectivity to increase throughput TYPICAL WORKDAY PROFILE Potential technology enabled capacity Current capacity CONCEPTUAL / ILLUSTRATIVE Technology enabled throughput Theoretical thro
Slide 22: Social Changes Shifting the Way Vehicles Are Used
FUTURE ENVIRONMENT SOCIAL CHANGES SHIFTING THE WAY VEHICLES ARE USED For personal use only Key trends DRIVERS LICENCE OWNERSHIP CAV TAXIS COULD REPLACE TRADITIONAL BY AGE (VICTORIA) TAXIS AND CARS IN MEGACITIES Population growth Average number of Total cost per passenger mile Service and passeng
Slide 23: Key Policy Evolutions
FUTURE ENVIRONMENT KEY POLICY EVOLUTIONS For personal use only Productivity Heavy and light Infrastructure Public and improvement vehicle charging investment private sector reform priorities collaboration 2016 INVESTOR DAY | 3 MAY 2016 22
Slide 24: Different Views on Technology Impact and Timing
FUTURE ENVIRONMENT DIFFERENT VIEWS ON TECHNOLOGY IMPACT AND TIMING For personal use only PACE OF CHANGE AND ADOPTION HOW CHANGE WILL SHORT & LONG-TERM IMPACT OF CHANGE MATERIALISE TRILLIONS OF VEHICLE MILES 25% of the fleet will be autonomous Average vehicle by 2035, with 95% penetration by Historic
Slide 25: Transurban Is Positioned to Benefit from the Future Environment
FUTURE ENVIRONMENT TRANSURBAN IS POSITIONED TO BENEFIT FROM THE FUTURE ENVIRONMENT For personal use only MOTORWAYS A LOGICAL SMART SCALE OF CANDIDATE FOR CAV MOTORWAYS CUSTOMER BASE APPLICATION Free flow traffic lane design Optimisation of technology Leveraging data and access Road conditions and la
Slide 26: Investing in Our Technology Capability
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE INVESTING IN OUR For personal use only TECHNOLOGY CAPABILITY LISA TOBIN
Slide 27: Investing in Our Technology Capability
INVESTING IN OUR TECHNOLOGY CAPABILITY For personal use only Building smarter Scaling tolling Investing in Cloud, Innovating through motorways services digital and data partnerships 2016 INVESTOR DAY | 3 MAY 2016 26
Slide 28: Building Smarter Motorways
INVESTING IN OUR TECHNOLOGY CAPABILITY BUILDING SMARTER MOTORWAYS For personal use only Intelligent Transport Systems investment to realise greater network benefits Standardising technologies across our roadways Connecting and sharing data more effectively across our road management systems Co
Slide 29: Scaling Tolling Services
INVESTING IN OUR TECHNOLOGY CAPABILITY SCALING TOLLING SERVICES For personal use only Harnessing the benefits of our tolling as a service platform Proven delivery of our turn-key tolling solutions and services for roadways Stable and reliable revenue capture processes Evaluating further opport
Slide 30: Investing in Cloud, Digital and Data
INVESTING IN OUR TECHNOLOGY CAPABILITY INVESTING IN CLOUD, DIGITAL AND DATA For personal use only A range of value-adding transport technologies: Integrating digital Application Programing Interface (API) capabilities to enable a more effective customer experience Implementing cloud services and
Slide 31: Innovating Through Partnerships
INVESTING IN OUR TECHNOLOGY CAPABILITY INNOVATING THROUGH PARTNERSHIPS For personal use only Continuing to work with a range of partners Assessing how we can support the rollout of CAV technology on our networks Integrating learnings from our road usage study into our long-term technology strate
Slide 32: Enhancing Our Customer Experience
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE ENHANCING OUR For personal use only CUSTOMER EXPERIENCE SUE JOHNSON
Slide 33: Enhancing Our Customer Experience
ENHANCING OUR CUSTOMER EXPERIENCE For personal use only Converting our Digital engagement Harnessing our data customers to for road users for future growth advocates 2016 INVESTOR DAY | 3 MAY 2016 32
Slide 34: Transurban's Customer Base
ENHANCING OUR CUSTOMER EXPERIENCE TRANSURBAN’S CUSTOMER BASE For personal use only Customer service is vital in protecting our licence to operate 30% CORPORATE CUSTOMERS Travel time savings, performance reporting, partnerships 95% 5% of customers have Focus on of customers are no arrangement and tra
Slide 35: Digital Improvements for Our Account Holders
ENHANCING OUR CUSTOMER EXPERIENCE DIGITAL IMPROVEMENTS FOR OUR ACCOUNT HOLDERS For personal use only Retail APP FEATURES INCLUDE: Continued migration to self service through Easier account management website improvements New payment options Mobile apps Real-time notifications GPS data fo
Slide 36: Data Improvements for Our Account Holders
ENHANCING OUR CUSTOMER EXPERIENCE DATA IMPROVEMENTS FOR OUR ACCOUNT HOLDERS For personal use only Retail NETWORK TIME SAVINGS Project to provide travel time savings Traffic lights bypassed Peak travel time savings on statements 34 M5 South West 16 mins Web based interactive travel time 51 Westli
Slide 37: Improving Customer Experience for Non-Account Holders
ENHANCING OUR CUSTOMER EXPERIENCE IMPROVING CUSTOMER EXPERIENCE FOR NON-ACCOUNT HOLDERS For personal use only Improving the transition to account holders and streamlining the enforcement process: First time fee Campaigns to convert Proactive outbound Innovating through waiver program non-account com
Slide 38: Customer Trends
ENHANCING OUR CUSTOMER EXPERIENCE CUSTOMER TRENDS For personal use only Consolidation of accounts GROWTH IN CAR-SHARE MEMBERSHIPS – Corporate customers shifting towards fleet leasing arrangements resulting in need for large scale account management Monthly toll spend by Transurban Car-share member
Slide 39: Funding
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only FUNDING FOR THE FUTURE ADAM WATSON
Slide 40: Funding
FUNDING FOR THE FUTURE For personal use only Disciplined cost Optimal capital Managing funding management structuring risk 2016 INVESTOR DAY | 3 MAY 2016 39
Slide 41: Disciplined Cost Management During Growth Phase
FINANCIAL CONSIDERATIONS DISCIPLINED COST MANAGEMENT DURING GROWTH PHASE Earnings growth and For personal use only $’000 USA assets minority interest acquired margin expansion Legacy Way opened achieved despite significant increase 95 Express Lanes opened in business activity M5 Widening com
Slide 42: Managing Key Cost Drivers
FINANCIAL CONSIDERATIONS MANAGING KEY COST DRIVERS For personal use only COST CATEGORIES DRIVERS ASSET MANAGEMENT Number of lane kilometres O&M, major maintenance and Asset mix (tunnel vs open road) technology roadside costs In-housing O&M activities TOLLING & RETAIL Customer account management, Tri
Slide 43: Capital Strategy
FUNDING FOR THE FUTURE CAPITAL STRATEGY For personal use only CONSISTENTLY EFFICIENTLY MAINTAIN STRONG COST EFFICIENT GROWING FUND GROWTH INVESTMENT GRADE FUNDING THROUGH DISTRIBUTIONS CREDIT METRICS MARKET CYCLES 2016 INVESTOR DAY | 3 MAY 2016 42
Slide 44: Optimising Capital Structure
FUNDING FOR THE FUTURE OPTIMISING CAPITAL STRUCTURE For personal use only Maintaining Maturity of asset Concession Ownership Development investment restrictions structure considerations grade credit metrics 2016 INVESTOR DAY | 3 MAY 2016 43
Slide 45: Managing Funding Risk
FUNDING FOR THE FUTURE MANAGING FUNDING RISK For personal use only Percentage Total drawn of Dec 15 DEC 151 GROUP DEBT Hedging interest debt A$’000 debt rates (98% hedged) and currency (100% hedged), consistent with relevant debt A$12,194M instrument Investment grade credit metrics Bank debt
Slide 46: Group Debt Maturity
FUNDING FOR THE FUTURE GROUP DEBT MATURITY AS AT DEC 15 A$’000 For personal use only Dec 15 2016 INVESTOR DAY | 3 MAY 2016 45
Slide 47: Working with Government Partners
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE WORKING WITH For personal use only GOVERNMENT PARTNERS TONY ADAMS
Slide 48: Opportunities to Enhance Traditional Project Roles
WORKING WITH GOVERNMENT PARTNERS OPPORTUNITIES TO ENHANCE TRADITIONAL PROJECT ROLES For personal use only Transurban demonstrating value to government during each project phase Identify transport Network design Procurement Community and Delivery solutions stakeholder engagement 2016 INVESTOR DAY | 3
Slide 49: Delivering Efficiencies Through Improved Procurement Process
WORKING WITH GOVERNMENT PARTNERS DELIVERING EFFICIENCIES THROUGH IMPROVED PROCUREMENT PROCESS use only YEAR 1 YEAR 2 YEAR 3 TRADITIONAL PROCESS Benefits of Transurban’s approach to NorthConnex Decision to Proceed procurement process: Reference Design Prelim EA, Prepare EIS, Exhibit and Sub Report
Slide 50: Minimising Traffic Disruption During CityLink-Tulla Widening Delivery
WORKING WITH GOVERNMENT PARTNERS MINIMISING TRAFFIC DISRUPTION DURING CITYLINK-TULLA WIDENING DELIVERY For personal use only Shared objective with Government TIME PERIODS ALL LANES ARE OPEN ON CITYLINK DURING CONSTRUCTION to reduce impact on road users All lanes on CityLink open during peak peri
Slide 51: CityLink-Tulla Widening Construction on Track
POSITIONING FOR THE FUTURE CITYLINK-TULLA WIDENING CONSTRUCTION ON TRACK For personal use only Contractors working around the clock Bolte Bridge to West Gate Freeway traffic switch implemented March 2016. Travel times in line with modelling Partnership between CityLink, VicRoads and Victoria P
Slide 52: Greater Washington Area
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE GREATER WASHINGTON For personal use only AREA JENNIFER AUMENT
Slide 53: Greater Washington Area Network Strategy
GREATER WASHINGTON AREA NETWORK STRATEGY For personal use only Deliver value to customers to increase traffic and revenue and position for expansion opportunities Expand 95 Express Lanes to the north and south Continue competitive bids for 66 Express Lanes projects Leverage industry position
Slide 54: Value Proposition for Customers
POSITIONING FOR THE FUTURE VALUE PROPOSITION FOR CUSTOMERS For personal use only 95 EXPRESS LANES: DAILY PERFORMANCE EXAMPLE 15% reduction in incidents on 95 Express Lanes since 100 Time savings conversion to HOT 90 — General purpose lanes average time — Express Lanes average time 80 Average >
Slide 55: Interpreting Express Lanes' Performance
EXPRESS LANES INTERPRETING EXPRESS LANES’ PERFORMANCE For personal use only GWA EXPRESS LANES: AVERAGE WEEKDAY REVENUE FUNDAMENTALS TOLL ROADS EXPRESS LANES 300 95 EXPRESS LANES Corridor demand driven by 250 population and employment 200 REVENUE ($’000) growth, land use and network 150 495 EXPRESS L
Slide 56: Maintaining Investment Discipline
EXPRESS LANES MAINTAINING INVESTMENT DISCIPLINE For personal use only FORECAST REVENUE COMPARISON FOR EXPRESS LANES PROJECTS Commitment to accurate forecasting – alignment of interest as long-term operator In-house traffic team understands nuances of forecasting Express Revenue Lanes projects, p
Slide 57: Success of Express Lanes Creating New Opportunities
POSITIONING FOR THE FUTURE SUCCESS OF TRANSURBAN'S EXPRESS LANES CREATING NEW OPPORTUNITIES For personal use only 95 CORRIDOR Expanding network through existing concession 395 Express Lanes - exclusive negotiations with VDOT to expand to the north by ~13km In-principle agreement executed to expa
Slide 58: Lens for Considering Future Markets
LONG-TERM FOCUS LENS FOR CONSIDERING FUTURE MARKETS For personal use only NETWORK POTENTIAL IN NORTH AMERICA’S Demographics MOST CONGESTED CITIES 50% Government readiness / 40% San Francisco Los Angeles willingness for PPP Vancouver Toronto Congestion level Greater Washington Area (GWA) Seattle 30%
Slide 59: Sydney
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only SYDNEY ANDREW HEAD
Slide 60: Sydney Network Strategy
SYDNEY NETWORK STRATEGY For personal use only Deliver NorthConnex safely and successfully — demonstration project for Transurban’s network model Drive O&M of our assets towards best practice Prepare for WestConnex sell down Continue to propose other network development opportunities 2016 INV
Slide 61: Benefits of First Generation Projects Coming Through
SYDNEY BENEFITS OF FIRST GENERATION PROJECTS COMING THROUGH For personal use only PROJECT ASSETS BENEFITS M2 Upgrade M2 LCT and Military Road E-Ramp M7 Lane Cove Road LCT and Military Road E-Ramp East Facing Ramp M2 M7 M5 Widening M5 South M7 (South) NorthConnex M7 truck toll multi
Slide 62: NorthConnex: Demonstration Project for Network Model
NORTHCONNEX – DEMONSTRATION PROJECT FOR TRANSURBAN’S NETWORK MODEL BEST PRACTICE DELIVERY Safety Community and For personal use only Stakeholder Engagement Sustainability Environment 2016 INVESTOR DAY | 3 MAY 2016 61
Slide 63: Enhancing Operations in Preparation for Future Growth
POSITIONING FOR THE FUTURE ENHANCING OPERATIONS IN PREPARATION FOR FUTURE GROWTH For personal use only O&M EXCELLENCE CONTINUOUS IMPROVEMENT 2014 M2 and LCT operations brought in-house Invested in capability 2015 Renegotiated ED maintenance contract to remove evergreen term Improving quality 2016 Co
Slide 64: Significant Future Opportunity in Sydney
LONG-TERM FOCUS SIGNIFICANT FUTURE OPPORTUNITY IN SYDNEY NorthConnex For personal use only $3 billion Transurban project in construction, linking the M1 Pacific Motorway to the M2 Motorway Due for completion late 2019 Northern Beaches Link $2.4-3.1 billion project linking Northern Beaches to W
Slide 65: Melbourne
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only MELBOURNE VIN VASSALLO
Slide 66: Melbourne Network Strategy
MELBOURNE NETWORK STRATEGY Improve lane availability and throughput via operational For personal use only improvements Improve capacity on network by delivering CityLink-Tulla Widening project Work with government partners to enhance network, through delivery of Western Distributor Demonstra
Slide 67: Improving Incident Management to Increase Lane Availability
POSITIONING FOR THE FUTURE IMPROVING INCIDENT MANAGEMENT TO INCREASE LANE AVAILABILITY For personal use only Introduction of a Freeway Management System (FMS) enables Transurban to move from an ‘attendance’ to ‘safe clearance’ 1 incident response model − Vehicle removed from asset as soon as possi
Slide 68: Extensive Community and Stakeholder Engagement Progressing
POSITIONING FOR THE FUTURE EXTENSIVE COMMUNITY AND STAKEHOLDER ENGAGEMENT PROGRESSING For personal use only MID-LATE 2015 EARLY-MID 2016 MID-LATE 2016 EARLY-MID 2017 2017-2018 WE ARE PHASE 1 PHASE 2 HERE PHASE 3 PHASE 4 PHASE 5 Consultation on proposal Consultation on concept Ongoing discussion on P
Slide 69: Feedback Influencing Project Design
POSITIONING FOR THE FUTURE FEEDBACK INFLUENCING PROJECT DESIGN For personal use only TUNNEL / DESIGN IMPROVED ACCESS UPGRADE TO WALKING POWER LINES POSITION TO PORT AND CYCLING PATHS Two tunnel designs Direct connections to Increased bicycle and Up to 14 overhead power under consideration bo
Slide 70: Western Distributor Project Progressing on Schedule
POSITIONING FOR THE FUTURE WESTERN DISTRIBUTOR PROJECT PROGRESSING ON SCHEDULE For personal use only FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 WEBB DOCK ACCESS COMMUNITY CONSULTATION IN-PRINCIPLE AGREEMENT EXECUTED WITH STATE RELEASE OF RFT PUBLIC EXHIBITION OF EES COMMENCES MONASH FREEWAY UPGRADE PRO
Slide 71: Leading the Way on Managed Motorways
POSITIONING FOR THE FUTURE LEADING THE WAY ON MANAGED MOTORWAYS For personal use only Working with VicRoads to implement common FMS across the network Components of a FMS: Lane use management system – Increased control of traffic – Increased capability to manage incidents safely Ramp metering –
Slide 72: Brisbane
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only BRISBANE WESLEY BALLANTINE
Slide 73: Brisbane Network Strategy
BRISBANE NETWORK STRATEGY For personal use only Complete integration of TQ and AirportlinkM7 – Roll-out GLIDe – Align O&M model with Transurban’s national approach Assist Government to successfully deliver Gateway Upgrade North project Achieve financial close on Logan Enhancement Project Exp
Slide 74: Integration Program on Schedule
EXECUTING STRATEGY INTEGRATION PROGRAM ON SCHEDULE EXPECTED COMPLETION For personal use only 2016 LATE 2017 ONGOING PHASE 1 PHASE 2 PHASE 3 Organisation structure Technology O&M 90% 50% 10% complete complete complete TQ organisational Work underway to align O&M contracts to be structure aligne
Slide 75: Focused on Phase 3: O&M Stage of Integration Program
EXECUTING STRATEGY FOCUSED ON PHASE 3: O&M STAGE OF INTEGRATION PROGRAM For personal use only CURRENT STATE FUTURE STATE Individual Routine Road Operations Assets Maintenance Gateway GMS Governance Transurban External service providers Motorway (Ventia /Lendlease) Routine Asset currently managing
Slide 76: AirportlinkM7 Benefiting from Opening of Legacy Way
ACQUISITION STRENGTHING PORTFOLIO AIRPORTLINKM7 BENEFITING FROM OPENING OF LEGACY WAY For personal use only AIRPORTLINKM7 ADT GROWTH JAN 2015 – MAR 2016 Integration plan ADT (‘000) OPENING OF LEGACY 90-day integration plan WAY 60 FY15 ADT Target state: FY16 ADT – Head count reduced by ~90% 55 –
Slide 77: Legacy Way Revenue at Higher End of Expectations
ACQUISITION STRENGTHING PORTFOLIO LEGACY WAY REVENUE AT HIGHER END OF EXPECTATIONS For personal use only Traffic continues LEGACY WAY WEEKLY REVENUE SINCE OPENING to grow $600,000 Full tolls $550,000 introduced 2 May 2016 $500,000 EASTER HOLIDAY PERIOD $450,000 $400,000 $350,000 CHRISTMAS HOLIDA
Slide 78: Opportunities Arising from Network Position
POSITIONING FOR THE FUTURE OPPORTUNTIES ARISING FROM NETWORK POSITION For personal use only Working with Queensland Government to identify opportunities to improve service delivery Control room consolidation Improved customer experience – Coordinated signage and information – Integrated incide
Slide 79: Wrap-Up
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only WRAP-UP SCOTT CHARLTON
Slide 80: Near-Term Focus: Summary
NEAR-TERM FOCUS: POSITIONING FOR THE FUTURE SUMMARY For personal use only PROJECT PIPELINE OPERATIONS TECHNOLOGY POLICY $11 billion project Deliver best in class Investing in Intelligent Deliver findings of road pipeline asset O&M Transport Systems and usage study value added transport One
Slide 81: Medium to Long-Term Focus: Summary
MEDIUM TO LONG-TERM FOCUS: POSITIONING FOR THE FUTURE SUMMARY For personal use only Next generation development opportunities in each market Sustained growth profile Strategically positioning for Increased throughput technology advances and lane availability Transurban is Policy reform is inevitable
Slide 82: Glossary
2016 INVESTOR DAY: POSITIONING FOR THE FUTURE For personal use only GLOSSARY
Slide 83: Glossary
GLOSSARY ADT Average Daily Traffic HOT High Occupancy Toll Lane API Application Program Interface IEEE Institute of Electrical and Electronics Engineers For personal use only AUD Australian Dollars KMS Kilometres BCG Boston Consulting Group KM/H Kilometres per hour BMS Brisbane Motorways Services LC