Aurizon Holdings Ltd. · ASX:AZJ
Aurizon — FY2022 Earnings Presentation
78 slides from Aurizon's earnings presentation, Aug 8, 2022
Slide 1: FY2022 Results
FY2022 Results 8 August 2022 Picture: First One Rail Bulk locomotive with Aurizon livery
Slide 2: Disclaimer
FY2022 RESULTS Disclaimer NO RELIANCE ON THIS DOCUMENT INFORMATION ON ONE RAIL AND EAST COAST RAIL This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as “Aurizon” which includes its related The information on One Rail and East Coast Rail (and their related entities
Slide 3: Safety performance
FY2022 RESULTS Safety performance Improvement in TRIFR and Rail Process Safety. Deterioration in LTIFR and flat result in SIFRa+p TOTAL RECORDABLE INJURY FREQUENCY RATE (TRIFR)1 AND LOST RAIL PROCESS SAFETY (RPS)2 AND POTENTIAL SERIOUS INJURY TIME INJURY FREQUENCY RATE (LTIFR) AND FATALITY FREQUENCY
Slide 4: Performance overview
Performance overview Andrew Harding Managing Director & CEO Picture: Aurizon Port Services Newcastle
Slide 5: FY2022 Results
FY2022 RESULTS PERFORMANCE OVERVIEW FY2022 Results1 Resilient performance with EBITDA within guidance and free cashflow 13% higher despite lower volumes. Acquisition of One Rail provides platform for future Bulk growth EBITDA EARNINGS PER SHARE ROIC FREE CASHFLOW $1,468m 28.5c 10.3% $664m down 1% fl
Slide 6: Commodity markets update
FY2022 RESULTS PERFORMANCE OVERVIEW Commodity markets update Despite record thermal and coking coal prices, Australian coal export volumes were lower in FY2022. Record grain export volume expected for 2021-22 season and elevated export volumes for 2022-23 AUSTRALIAN TOTAL COAL EXPORT VOLUME1 AUSTRAL
Slide 7: Increased grain haulage
FY2022 RESULTS PERFORMANCE OVERVIEW Increased grain haulage The record size of the 2021-22 CBH grain harvest means that rail haulage from the season will continue into FY2023 AUSTRALIA: SELECTED GRAIN EXPORT VOLUME1 CBH: HARVEST VOLUME2 › Record CBH harvest with 21 million tonnes Million Tonnes Mill
Slide 8: Business Unit highlights
FY2022 RESULTS PERFORMANCE OVERVIEW Business Unit highlights COAL BULK NETWORK Moderate EBITDA growth despite 4% reduction in EBITDA impacted by lower iron ore volumes and Reduced earnings due to lower GAPE revenue volumes due to improved revenue quality and cost ~$10m for weather, higher fuel price
Slide 9: Other matters
FY2022 RESULTS PERFORMANCE OVERVIEW Other matters ATO DECLARATORY RELIEF PROCEEDINGS › Prior to 2010 IPO: Queensland Government made an equity contribution to Aurizon of $4.4 billion. Over the last two years, Aurizon has engaged with the Australian Taxation Office (ATO) in relation to the technica
Slide 10: One Rail acquisition completed
FY2022 RESULTS PERFORMANCE OVERVIEW One Rail acquisition completed Acquisition fundamentals remain despite increased funding costs. Bulk has a near-term target of ~$100mpa1 EBITDA to subsequently build upon Highlights ◼◼◼◼◼ Darwin ◼ Katherine Increased Projected to Increases exposure to IRR exceeds
Slide 11: Financial Performance
Financial Performance George Lippiatt CFO & Group Executive Strategy Picture: Cloncurry, Qld
Slide 12: Key financial results
FY2022 RESULTS FINANCIAL PERFORMANCE Key financial results1 EBITDA within guidance, EPS in-line with prior year and free cashflow 13% up despite lower volumes. Dividend payout ratio lowered to 75% to support One Rail acquisition and credit rating $m FY2022 FY2021 Variance › Group revenue uplift driv
Slide 13: Coal
FY2022 RESULTS FINANCIAL PERFORMANCE Coal Earnings higher despite lower volumes with improved revenue quality and cost management Revenue $m FY2022 FY2021 Variance › Volumes lower due to contract cessations (Moolarben and New Acland in Dec 2021), adverse weather and customer specific maintenance & p
Slide 14: Bulk
FY2022 RESULTS FINANCIAL PERFORMANCE Bulk Results impacted by lower iron ore volumes and ~$10m of one-off impacts, partly offset by growth from new contracts Revenue $m FY2022 FY2021 Variance › Commencement of the CBH and Tronox contracts part way through the year Revenue 691 635 9% › Includes the i
Slide 15: Network
FY2022 RESULTS FINANCIAL PERFORMANCE Network Reduced earnings due to lower WIRP historical revenue and the reset of the GAPE risk free rate Revenue $m FY2022 FY2021 Variance › All WIRP fee disputes now settled with $47m recognised this year (including $30m of historical fees) compared to $60m in pri
Slide 16: Free Cash Flow and capex
FY2022 RESULTS FINANCIAL PERFORMANCE Free Cash Flow and capex Strong and stable free cash flow despite lower volumes FREE CASH FLOW ($M) | COAL VOLUME includes discontinued operations › Capital expenditure for FY2022 below guidance Cash Flow Coal Volume › Non-growth capital expenditure guidance2 for
Slide 17: Funding update
FY2022 RESULTS FINANCIAL PERFORMANCE Funding update Credit profile improved with ratings agencies lowering thresholds post One Rail announcement. Debt markets supportive with successful syndication commitments FY2022 FUNDING ACTIVITY KEY DEBT METRICS1 FY2022 FY2021 Aurizon Network and Operations Wei
Slide 18: Market Developments
FY2022 RESULTS FINANCIAL PERFORMANCE Market Developments Aurizon has protections from increasing inflation and interest rates with revenue escalation mechanisms and Network hedging in FY2023 Inflation Interest Rates: June 2022 CPI1: +6.1% 4-year Risk Free Rate: 3.47%, +1.57ppts since start of UT5 Co
Slide 19: One Rail transaction update
FY2022 RESULTS FINANCIAL PERFORMANCE One Rail transaction update Post completion, focus turns to Bulk integration and divestment of East Coast Rail › Acquisition completed 29 July 2022 1 Completion › Integration of Bulk business underway › East Coast Rail to be held separately under enforceable unde
Slide 20: East Coast Rail
FY2022 RESULTS FINANCIAL PERFORMANCE East Coast Rail Progress made operationally and structurally in advance of divestment OPERATIONAL UPDATE REVENUE (A$m)1 › Second consist operating in Queensland since June 227 › Contract rates updated from 1 July to reflect ~4% escalation 190 184 › Hunter Valley
Slide 21: Outlook & Key Takeaways
Outlook & Key Takeaways Andrew Harding Managing Director & CEO Picture: Tronox service NSW
Slide 22: FY2023 outlook
FY2022 RESULTS OUTLOOK & KEY TAKEAWAYS FY2023 outlook EBITDA guidance of $1,470m - $1,550m including One Rail Bulk FY2023 (including 11 months contribution from One Rail Bulk): › Group underlying EBITDA guidance $1,470m – $1,550m (includes impact from wet weather in July) › Group non-growth capex gu
Slide 23: Aurizon's value creation record
FY2022 RESULTS OUTLOOK & KEY TAKEAWAYS Aurizon's value creation record Cashflows remain stable and the focus on transformation continues HIGHLIGHTS ✓ Negotiated and executed UT5 ✓ De-risked the Coal contract book ✓ Executed Bulk turnaround and delivered growth ✓ Strong shareholder distributions of o
Slide 24: mn i — MEE
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Slide 25: Investor Relations contacts
Chris Vagg James Coe Head of Investor Relations & Group Treasurer Manager Market Intelligence & Investor Relations +61 7 3019 9030 +61 7 3019 7526 Chris.Vagg@aurizon.com.au James.Coe@aurizon.com.au ASX: AZJ 25
Slide 26: Additional Information: ESG
Additional Information: ESG Aurizon Port Services Townsville
Slide 27: Our Environmental, Social and Governance (ESG) contribution
FY2022 RESULTS ADDITIONAL INFORMATION Our Environmental, Social and Governance (ESG) contribution Aurizon continues to build a stronger and sustainable business NET-ZERO COMMITMENT BY 2050… …WHILE WE SUPPORT OUR REGIONS AND …AND LEAD THROUGH TRANSPARENT COMMUNITIES… GOVERNANCE › Climate Strategy and
Slide 28: Climate Strategy and Action Plan
FY2022 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) by 2050 Net-zero operational emissions by 2050 We will continue to assess and enhance our processes for Achieving our operational decarb
Slide 29: Australian Export Demand – Commodities
FY2022 RESULTS ADDITIONAL INFORMATION Australian Export Demand – Commodities Australia export commodities are driven by steel-intensive growth and thermal electricity generation in Asia, in addition to new economy markets and food consumption COAL BULK › Metallurgical coal (or coking coal) is primar
Slide 30: Global & Australia Coal Summary
FY2022 RESULTS ADDITIONAL INFORMATION Global & Australia Coal Summary Global Australia Thermal (Steam) Coal Metallurgical (Coking) Coal Production2 Coal Export Volume3 Total Coal Export (By Destination)3 FY2022 Export Revenue3 Production1 CY2021 Coal Production1 CY2021 CY2021 FY2022 million tonnes 1
Slide 31: Coal markets
FY2022 RESULTS ADDITIONAL INFORMATION Coal markets Significant price escalation during FY2022 driven by Russian trade sanctions and weather disruptions in Australia COAL PRICES1 AUSTRALIA: COAL CAPITAL EXPENDITURE2 $700 A$2.5b +3% A$2.0b $600 A$1.5b A$1.0b $500 A$0.5b A$0.0b $400 Mar- Sep- Mar- Sep-
Slide 32: Coal markets
FY2022 RESULTS ADDITIONAL INFORMATION Coal markets The metallurgical coal-dependent method of steel production is over two-thirds of global steel production. Thermal coal market is dominated by Asian trade, backed by young generation fleet GLOBAL CRUDE STEEL PRODUCTION | BLAST FURNACE-BASIC OXYGEN A
Slide 33: Bulk markets
FY2022 RESULTS ADDITIONAL INFORMATION Bulk markets Demand growth for bulk commodities will be led by the transition to clean energy technologies and rising food consumption in developing nations MINERAL DEMAND FROM CLEAN ENERGY TECHNOLOGIES1 FOOD CONSUMPTION: CALORIES PER CAPITA2-3 30 4,000 Food sup
Slide 34: Bulk – Australia Capital & Exploration Expenditure
FY2022 RESULTS ADDITIONAL INFORMATION Bulk – Australia Capital & Exploration Expenditure CAPITAL EXPENDITURE: METAL ORE MINING1 EXPLORATION EXPENDITURE: IRON ORE2 +10% A$6.0b A$200m +38% A$150m A$4.0b A$100m A$2.0b A$50m A$0.0b A$0m Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- Mar- Mar- Sep- Mar- Sep- Ma
Slide 35: Additional Information: Group
Additional Information: Group Picture: Aurizon Port Services Newcastle
Slide 36: Overview
FY2022 RESULTS ADDITIONAL INFORMATION Overview Aurizon is Australia's largest rail-based transport business with broad commodity exposure across above and below rail services, and port terminals Below Rail Network ▪ Operation of the Central Queensland Coal Network (2,670km), critical infrastructure
Slide 37: Strategic objectives
FY2022 RESULTS ADDITIONAL INFORMATION Strategic objectives Resilient Network and Coal businesses supporting Bulk growth and shareholder returns Evolving mix reduces thermal coal exposure Resilient Network and Outcome from achieving Growing bulk business Coal businesses Bulk aspiration is Aspiration
Slide 38: Purpose, Vision, Values and Strategic Levers
FY2022 RESULTS ADDITIONAL INFORMATION Purpose, Vision, Values and Strategic Levers 38
Slide 39: Prioritisation of capital
FY2022 RESULTS ADDITIONAL INFORMATION Prioritisation of capital 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 management projects oppo
Slide 40: Above Rail volumes
FY2022 RESULTS ADDITIONAL INFORMATION Above Rail volumes Quarter Ending Financial Year Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Variance1 FY2021 FY2022 Variance1 Coal volumes (million tonnes) CQCN 37.0 36.9 33.4 34.3 36.5 (1%) 143.7 141.1 (2%) NSW & SEQ 14.7 14.5 13.9 11.2 13.4 (9%) 58.4 52.9 (9%) Total 5
Slide 41: Enterprise Agreements
FY2022 RESULTS ADDITIONAL INFORMATION Enterprise Agreements # Staff Headline Increases Term Enterprise Agreement Covered Expiry Date Status (years) Year 1 Year 2 Year 3 Year 4 (approx.) WA Rail Operations 450 4 30 June 2022 1.50% 2.0% 2.0% 2.25% Bargaining Traincrew & Transport Operations 2.50% 2.30
Slide 42: Underlying group EBITDA bridge ($m)
FY2022 RESULTS ADDITIONAL INFORMATION Underlying group EBITDA bridge1 ($m) 1,482 8 10 1,468 48 35 FY2021 Coal Bulk Network Other FY2022 1. Continuing operations 42 Note: Due to rounding, the sum of components may not equal the corresponding total
Slide 43: Underlying EBITDA by business unit ($m)
FY2022 RESULTS ADDITIONAL INFORMATION Underlying EBITDA1 by business unit ($m) FY2022 FY2021 Variance Coal 541.2 533.3 1% Bulk 130.1 139.9 (7%) Network 801.3 848.8 (6%) Other (5.0) (39.8) 87% EBITDA 1,467.6 1,482.2 (1%) 43 1. Continuing operations
Slide 44: Balance sheet summary ($m)
FY2022 RESULTS ADDITIONAL INFORMATION Balance sheet summary ($m) 30 June 2022 30 June 2021 Assets classified as held for sale 0.1 5.0 Other current assets 860.1 806.9 Total current assets 860.2 811.9 Property, plant and equipment (PP&E) 8,406.8 8,445.3 Other non-current assets 408.5 507.4 Total non-
Slide 45: Reconciliation of borrowings
FY2022 RESULTS ADDITIONAL INFORMATION Reconciliation of borrowings $m Commentary Total debt including working capital facility 3,445.8 Borrowings on a cash basis Reconciliation to Financial Statements Add/(less): Capitalised transaction costs (7.0) Discounts on medium term notes capitalised to the b
Slide 46: Significant adjustments ($m)
FY2022 RESULTS ADDITIONAL INFORMATION Significant adjustments ($m) FY2022 FY2021 Continuing operations – Net gain on sale of shares in Aquila (before tax)1 - 8.2 One Rail acquisition costs2 (14.2) 1. Net of tax is $73.5m 46 2. Net of tax is ($11.9m)
Slide 47: Dividend history
FY2022 RESULTS ADDITIONAL INFORMATION Dividend history 35.0c 100% 90% 30.0c 28.8 27.1 27.4 80% 25.0c 24.6 24.0 23.8 70% Amount (Cents) Per Share 22.5 21.4 14.4 60% Payout Ratio1 20.0c 13.1 13.7 13.3 8.9 12.4 50% 16.5 13.9 10.9 15.0c 40% 12.3 8.5 10.0c 30% 8.3 8.2 13.6 14.0 13.7 14.4 20% 4.6 11.3 11.
Slide 48: Additional Information: Coal
Additional Information: Coal Picture: Unveiling of locomotive artwork during NAIDOC Week 2020, a design the features sacred sites from the local area, created by local Indigenous artist John Robinson
Slide 49: Coal Operations
FY2022 RESULTS ADDITIONAL INFORMATION Coal Operations Note: Includes all mines in the CQCN 49
Slide 50: Coal Operations
FY2022 RESULTS ADDITIONAL INFORMATION Coal Operations SOUTH EAST QUEENSLAND / NEW SOUTH WALES 50
Slide 51: Coal operating metrics
FY2022 RESULTS ADDITIONAL INFORMATION Coal operating metrics FY2022 FY2021 Variance Total tonnes hauled (m) 194.0 202.1 (4%) Contract utilisation 84% 83% 1ppt Total NTK (bn) 45.2 47.1 (4%) Average haul length (km) 233 233 - Total revenue / NTK ($/’000 NTK) 34.5 34.2 1% Above Rail Revenue / NTK ($/’0
Slide 52: Coal haulage tonnes (mt) by system
FY2022 RESULTS ADDITIONAL INFORMATION Coal haulage tonnes (mt) by system FY2022 FY2021 Variance CQCN Newlands 17.8 18.2 (2%) Goonyella 61.5 60.3 2% Blackwater 49.5 52.3 (5%) Moura 12.3 12.9 (5%) Total CQCN 141.1 143.7 (2%) NSW & SEQ West Moreton 2.7 4.1 (34%) Hunter Valley 50.2 54.3 (8%) Total NSW &
Slide 53: Coal contract portfolio
FY2022 RESULTS ADDITIONAL INFORMATION Coal contract portfolio AURIZON COAL CONTRACT VOLUME EXPIRY BY YEAR1 COAL CONTRACT PORTFOLIO EXPIRY1 AS AT 30 JUNE 2022 AS AT 30 JUNE 2022 75 6% 0-3 years 37% 3-7 years 60 7+ years Million tonnes per annum (Mtpa) 57% 45 30 FORECAST COAL CONTRACTED VOLUMES2 (MT)
Slide 54: Additional Information: Bulk
Additional Information: Bulk Picture: Loading containers at Cloncurry depot Qld
Slide 55: Bulk operations
FY2022 RESULTS ADDITIONAL INFORMATION Bulk operations 55
Slide 56: Bulk operations: Queensland
FY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: Queensland 56
Slide 57: Bulk operations: New South Wales
FY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: New South Wales 57
Slide 58: Bulk operations: South Australia and Northern Territory
FY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: South Australia and Northern Territory 58
Slide 59: Bulk operations: Western Australia
FY2022 RESULTS ADDITIONAL INFORMATION Bulk operations: Western Australia 59
Slide 60: Aurizon Port Services
FY2022 RESULTS ADDITIONAL INFORMATION Aurizon Port Services 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 of unique direct opera
Slide 61: Additional Information: Network
Additional Information: Network Picture: Central Queensland Coal Network
Slide 62: Network Operations
FY2022 RESULTS ADDITIONAL INFORMATION Network Operations 62
Slide 63: Network financial and operating metrics
FY2022 RESULTS ADDITIONAL INFORMATION Network financial and operating metrics $m FY2022 FY2021 Variance Tonnes (m) 206.5 208.3 (1%) NTK (bn) 51.9 52.4 (1%) Operating Ratio 61.7% 58.4% (3.3ppt) Maintenance/NTK ($/’000 NTK) 2.6 2.4 (8%) Opex/NTK ($/’000 NTK) 14.2 13.7 (4%) Cycle Velocity (km/hr) 22.8
Slide 64: Network volumes: All rail operators
FY2022 RESULTS ADDITIONAL INFORMATION Network volumes: All rail operators FY2022 FY2021 Variance Newlands 13.9 10.7 31% Goonyella 105.6 103.4 2% Blackwater 58.3 61.5 (5%) Moura 12.0 12.7 (6%) GAPE 16.8 20.0 (16%) Total (mt) 206.5 208.3 (1%) 64 Note: Due to rounding, the sum of components may not equ
Slide 65: Network FY2022 Access Revenue movement
FY2022 RESULTS ADDITIONAL INFORMATION Network FY2022 Access Revenue movement $m Decrease in MAR from FY2021 to FY2022 (16.1) Volume under-recovery for FY2022 (39.0) Volume under-recovery for FY2021 (reversal of FY2021 impact) 34.6 FY2020 Revenue Cap amounts (recovery from Access Holders in FY2022) 4
Slide 66: Network adjusted MAR bridge – Approved UT5 Undertaking
FY2022 RESULTS ADDITIONAL INFORMATION Network adjusted MAR bridge – Approved UT5 Undertaking INDICATIVE NETWORK ADJUSTED MAXIMUM ALLOWABLE REVENUE (MAR)1 FY2020 – FY2023 ($M) ~967 7 18 7 11 5 27 39 13 35 35 23 10 5 1 1 914 39 ~911 27 ~896 FY20 FY20 MAR FY18 & FY18 MAR FY21 MAR FY21 FY21 MAR FY20 MAR
Slide 67: Network Revenue Adjustment Amounts (revenue cap)
FY2022 RESULTS ADDITIONAL INFORMATION Network Revenue Adjustment Amounts (revenue cap) › Revenue adjustment amounts (RAA) are the Total Total difference by system between Aurizon’s Total AT2-4 AT5 Financial Year (inc-GAPE) (ex-GAPE) Actual AT2-5 Revenue and Allowable AT2-5 $m $m $m $m Revenue › The
Slide 68: Reconciliation of billed MAR to reported access revenue
FY2022 RESULTS ADDITIONAL INFORMATION Reconciliation of billed MAR to reported access revenue FY2022 FY2021 FY2020 $m Actual Actual Actual Billed Access Revenue (AT1 to AT5) (ex. GAPE) 891 911 927 Approved Adjustments to MAR Revenue Cap (ex. GAPE and inclusive of capitalised interest)1 5 - (13) Regu
Slide 69: UT5 WACC Reset Timeline
FY2022 RESULTS ADDITIONAL INFORMATION UT5 WACC Reset Timeline Preliminary Reset WACC to inform FY2024 Tariffs with a Revenue Cap True up in FY2026 to reflect market based parameters in June 2023 UT5 WACC RESET PROCESS 12 November 2021 1 July 2023 30 June 2027 1 July 2024 1 July 2025 Report Date1 Res
Slide 70: WACC History
FY2022 RESULTS ADDITIONAL INFORMATION WACC History 9.96% 8.68% 8.43% 8.18% 7.17% 6.30% 5.70% 5.90% UT1 UT2 UT3 UT4 UT5 UT5 UT5 UT5: Preliminary 2017-2019 2019-2021 2021-2023 WACC FY20241 70 1. Preliminary WACC Reset submitted to QCA (July 2022), based on market parameters in June 2022
Slide 71: UT5 Undertaking: Revenue Protection Mechanisms
FY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Revenue Protection Mechanisms 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 Regulatory Asset Base (RAB) an
Slide 72: UT5 Undertaking: Regulatory Asset Base (RAB)
FY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Regulatory Asset Base (RAB) 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, transfers and the additi
Slide 73: UT5 Undertaking: Building Blocks
FY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Building Blocks BUILDING BLOCK DETAIL Return on capital (WACC) › 5.70% from 1 July 2017 to 2 May 2019 › 5.90% from 3 May 2019 to 12 November 2021 (Report Date) › 6.30% from Report Date to 30 June 2023 › WACC reset at 1 July 2023 (reset of risk fr
Slide 74: UT5 Undertaking: Rebate Mechanism
FY2022 RESULTS ADDITIONAL INFORMATION UT5 Undertaking Rebate Mechanism 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 performance below tar
Slide 75: Additional Information: Capital Expenditure
Additional Information: Capital Expenditure Picture: Aurizon coal train departing Toowoomba depot
Slide 76: FY2022 group and business unit capital expenditure ($m)
FY2022 RESULTS ADDITIONAL INFORMATION FY2022 group and business unit capital expenditure ($m) 532 437 276 142 276 97 47 95 97 95 17 17 FY20221,2 Network1,2 Coal1 Bulk Corporate Non-Growth Growth 1. Includes capitalised interest 76 2. Net of externally funded payments
Slide 77: Glossary
FY2022 RESULTS ADDITIONAL INFORMATION Glossary 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 & Governance Footplat
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 +61 7 3019 9030 +61 7 3019 7526 Chris.Vagg@aurizon.com.au James.Coe@aurizon.com.au ASX: AZJ 78