Aurizon Holdings Ltd. · ASX:AZJ
Aurizon — FY2013 Earnings Presentation
88 slides from Aurizon's earnings presentation, Aug 19, 2013
Slide 1: Full year results presentation cover letter
Dominic D Smith Senior Vice President & Company Secretary Aurizon Holdings Limited ABN 14 146 335 622 T +61 7 3019 9000 F +61 7 3019 2188 E CompanySecretary@aurizon.com.au W aurizon.com.au Level 17, 175 Eagle Street Brisbane QLD 4000 GPO Box 456 Brisbane QLD 4001 For personal use only ASX Market Ann
Slide 2: FY2013 Results Presentation
For personal use only FY2013 Results Presentation Lance Hockridge – Managing Director & CEO Keith Neate – EVP & CFO 19 August 2013
Slide 3: Important notice
Important notice ONLYonly No Reliance on this document This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as ―Aurizon‖ which includes its related bodies corporate). Whilst Aurizon has endeavoured to ensure the accuracy of the information contained in this document
Slide 4: FY2013 in review
For personal use only FY2013 in review Lance Hockridge - Managing Director & CEO
Slide 5: Key highlights
Key highlights ONLYonly Safety • 60% improvement in LTIFR • 54% improvement in MTIFR use Earnings • Underlying EBIT up 29% • Underlying NPAT up 16% PERSONAL USE Operating ratio • 3.6ppt improvement from 83.4%(1) to 79.8% personal • On target for 75% Operating Ratio in FY2015 Dividends • Dividend gui
Slide 6: Our safety performance reflects our changing culture
Our safety performance reflects our changing culture ONLYonly Lost Time Injury Frequency Rate (LTIFR) Medically Treated Injury Frequency Rate (MTIFR) Medically treated injuries per million person-hours worked use PERSONAL USE personal Lost time injuries per million person-hours worked 11.43 44.21 -5
Slide 7: Financial highlights
Financial highlights ONLYonly $m FY13 FY12 Variance fav/(adv) Notes Total revenue(1) 3,766 3,536 7% use EBITDA – Statutory 1,182 1,057 12% • GAPE and Iron Ore volume ramp up PERSONAL USE – Underlying (2) 1,251 1,048 19% • Coal volumes hauled under new form contracts personal increased 18% EBIT – Sta
Slide 8: Operating highlights
Operating highlights ONLYonly 2013 Variance Notes 2H 1H FY13 FY12 fav/(adv) use • Customer and commodity mix driving Revenue/NTK(1) ($/000 NTK) 55.5 56.0 55.8 56.0 0% marginal decrease • VRP benefits, 960 employees accepted PERSONAL USE Labour Costs/ Revenue 28% 30% 29% 32% 3ppt offer • Coal & Iron
Slide 9: Material uplift in underlying earnings since IPO
Material uplift in underlying earnings since IPO – on flat coal volumes, less employees and with growth delivering (Iron ore/GAPE) ONLYonly Coal Volumes (mt) Group Revenue(1), (2) ($m) CAGR +1% CAGR +10% use 198 194 3,766 PERSONAL USE 184 187 182 186 3,203 3,536 2,605 2,973 2,344 personal FY08 FY09
Slide 10: The journey to World Class
The journey to World Class ONLYonly Operating Ratio(1) Return on Invested Capital (ROIC)(2) use +1.3ppt PERSONAL USE personal 90.0% -3.6 ppt 8.0% 88.0% 6.7% 4.4% 83.4% For FOR 2.0% 79.8% FY10 FY11 FY12 FY13 FY10 FY11 FY12 FY13 1) Operating Ratio = 1 – EBIT margin 2) ROIC = Underlying EBIT/(Net Worki
Slide 11: 75% OR – Update on 'Drive to 75'
75% OR – Update on ‗Drive to 75‘ ONLYonly • Options are being considered to divest non-core businesses in a number of segments • Today, Managing Director & CEO announced changes to the Executive Committee, as part of the use transformation program (9 to 7 direct reports): PERSONAL USE – Ken Lewsey (
Slide 12: Coal revenue quality & protection enhanced through New Form contracts
Coal revenue quality & protection enhanced through ―New Form‖ contracts ONLYonly Fixed / variable proportion of above rail coal revenue • Revenue protection will be enhanced through an use increase in fixed capacity charges PERSONAL USE • This improvement is a result of the recontracting of 30% lega
Slide 13: 74% of FY2018 coal volume portfolio has been secured
74% of FY2018 coal volume portfolio has been secured ONLYonly Coal Volume Portfolio: as at January 2012 Coal Volume Portfolio: as at June 2013 use 300 300 PERSONAL USE personal 250 250 Contract Volume (Mt) Contract Volume (Mt) 200 200 150 150 204mt 96mt ~74% of 100 100 Forecast For FOR ~35% of Portf
Slide 14: Network regulatory update
Network regulatory update ONLYonly Regulatory matters currently in progress: • Access undertaking 4 (UT4) use – Aurizon‘s draft undertaking for UT4 was submitted to Queensland Competition Authority (QCA) on 30 April 2013 PERSONAL USE – Transitional arrangement agreed and in place for FY2014. Refer
Slide 15: Flood/Derailment impact
Flood/Derailment impact ONLYonly Cyclone Oswald flood - January 2013: – Blackwater system closed 12 days. Moura system closed 19 days in total use – ~$15m total costs, of which $8m expensed and $7m capitalised PERSONAL USE – Review Event seeking full recovery of flood costs has been submitted to t
Slide 16: Results analysis
For personal use only Results analysis Keith Neate - EVP & CFO
Slide 17: Underlying results summary
Underlying results summary ONLYonly 2013 Variance $m 2H 1H FY13 FY12 fav/(adv) Notes Total revenue(1) 1,887 1,879 3,766 3,536 7% • GAPE and Iron Ore volume ramp up use • Coal volumes hauled under new form EBITDA 649 602 1,251 1,048 19% contracts increased 18% PERSONAL USE EBIT 398 356 754 584 29% pe
Slide 18: Reconciliation Underlying vs. Statutory earnings
Reconciliation Underlying vs. Statutory earnings ONLYonly 2013 $m FY13 FY12 Notes 2H 1H Underlying EBIT 398 356 754 584 use • A major voluntary redundancy program (VRP) at a Significant items cost of $96m was carried out during the year. A total PERSONAL USE of 960 employees accepted the offer, whic
Slide 19: EBIT improvement
EBIT improvement ONLYonly 96 119 use 78 11 29 PERSONAL USE 754 69 155 personal 685 584 For FOR FY12 Volume Revenue Transformation Costs Weather/ Transformation FY13 Significant FY13 Underlying Growth Quality Benefits Incidents Costs Underlying Items Statutory EBIT EBIT EBIT 18
Slide 20: Sustainable transformation benefits achieved in FY2013
Sustainable transformation benefits achieved in FY2013 ONLYonly • Program delivered $96m in sustainable benefits: – Voluntary redundancy program use $66m in FY2013 PERSONAL USE annualised benefit circa $85m personal – Other $12m in CBD office consolidation and net Procurement savings $11m in
Slide 21: Disciplined capital management - Priorities
Disciplined capital management - Priorities ONLYonly Priorities Results • Invest in high return growth opportunities, Iron ore volume growth on track for 30 Mtpa by FY2014 use backed by new form contract security Iron Ore EBITDA contribution increased $80m in FY2013 PERSONAL USE GAPE EBITDA co
Slide 22: Strong balance sheet
Strong balance sheet ONLYonly As at 30 June ($m) 2013 2012 Notes use Total current assets 933 880 • Increase in trade receivables • Capex spend $981m including capitalised PERSONAL USE Property, plant & equipment 9,473 9,037 interest Other non-current assets 113 104 personal Total assets 10,519 10,0
Slide 23: Capital expenditure
Capital expenditure ONLYonly Group - growth vs. sustaining capex ($m)(1),(2) Segment capex ($m)(2) 1,370 624 1,202 use ~1,000 1,060 981 PERSONAL USE 429 1,139 903 723 personal 622 93 101 100 359 195 32 63 337 299 43 66 231 52 50 69 11 34 For FOR FY10 FY11 FY12 FY13 FY14(f) Network Coal Freight Iron
Slide 24: Debt refinancing completed FY2013
Debt refinancing completed FY2013 ONLYonly Aurizon Group $600m debt maturity profile ($m) • New $3.6bn unsecured facilities executed in June 2013 use – $0.6bn at Aurizon Group level 300 300 – $3.0bn at Aurizon Network level, geared 55% to PERSONAL USE Regulated Asset Base (RAB) personal • Debt margi
Slide 25: Cash flow
Cash flow ONLYonly Year ended 30 June ($m) FY13 FY12 Notes Statutory EBITDA 1,182 1,057 • Includes $96m VRP costs Working capital movement (57) (73) Other (76) 18 • Additional cash cost of $42m for VRP leave payout use Cash from operations 1,049 1,002 • Includes voluntary redundancy cash costs $138m
Slide 26: Structural changes
Structural changes ONLYonly Iron Ore now reported separately in FY2013 accounts due to its EBIT contribution being greater than 10% of consolidated EBIT use From 1 July 2013: PERSONAL USE – Iron Ore and Intermodal businesses transitioned to Commercial & Marketing and Operations (previously perso
Slide 27: Accounting changes included in FY2013 Financial Statements
Accounting changes included in FY2013 Financial Statements ONLYonly Comparison to FY2012 Financial Statements – Note 4 Segment Note i. Iron Ore has been separated from the Freight business use ii. Revenue for the Coal Segment relating to Take-or-Pay charges that are passed through to customers hav
Slide 28: Segment results
For personal use only Segment results
Slide 29: Underlying EBIT by segment
Underlying EBIT by segment ONLYonly 2013 Notes Variance use $m 2H 1H FY13 FY12 fav/(adv) Network 198 226 424 334 27% • GAPE ramp up, revenue cap and MAR increase PERSONAL USE • Volume growth, revenue quality and lower take-or-pay personal Coal 178 142 320 257 25% expense Iron ore 52 45 97 32 203% •
Slide 30: Network profit & loss - underlying
Network profit & loss - underlying ONLYonly 2013 Notes Variance $m 2H 1H FY13 FY12 fav/(adv) use • GAPE ($87m), revenue cap ($59m) and Revenue - Access 451 470 921 744 24% MAR increase ($29m) PERSONAL USE - Services 46 44 90 126 (29%) • Lower external construction works personal - Other 28 19 47 50
Slide 31: Network metrics
Network metrics ONLYonly 2013 Variance Notes 2H 1H FY13 FY12 fav/(adv) use • Increased CQCN and Tonnes (m) 92.3 90.0 182.3 166.7 9% PERSONAL USE GAPE volumes personal NTK (bn) 22.6 22.1 44.7 41.2 8% Access revenue(1)/NTK ($/000 NTK) 19.9 21.3 20.6 18.1 14% • GAPE ramp up • Increased volumes, (2) Mai
Slide 32: Coal profit & loss - underlying
Coal profit & loss - underlying ONLYonly 2013 Variance Notes $m 2H 1H FY13 FY12 fav/(adv) • Increased volumes and improving use Revenue - Above Rail 539 540 1,079 1,026 5% revenue quality, 42% new form contracts • Higher access tariffs and volumes, lower PERSONAL USE - Below Rail 391 385 776 732 6%
Slide 33: Coal metrics
Coal metrics ONLYonly 2013 Variance Notes 2H 1H FY13 FY12 fav/(adv) use Tonnes hauled (m) - QLD 77.4 78.4 155.8 151.7 3% • Strong Q4 haulage PERSONAL USE - NSW 19.0 18.9 37.9 33.9 12% • Improved mine production personal - Total 96.4 97.3 193.7 185.6 4% NTK (bn) - QLD 18.8 19.0 37.8 36.8 3% - NSW 2.9
Slide 34: Iron Ore profit & loss - underlying
Iron Ore profit & loss - underlying ONLYonly 2013 Notes Variance use $m 2H 1H FY13 FY12 fav/(adv) Revenue 189 168 357 197 81% • Volume ramp up PERSONAL USE • Operational efficiencies & economies Operating costs (118) (105) (223) (143) (56%) personal of scale on 82% volume increase EBITDA 71 63 134 5
Slide 35: Iron Ore metrics
Iron Ore metrics ONLYonly 2013 Notes use Variance 2H 1H FY13 FY12 fav/(adv) PERSONAL USE Tonnes hauled (m) 14.1 10.6 24.7 13.6 82% • Growth across all customers personal • Majority of growth on shorter hauls NTK (bn) 5.5 4.8 10.3 6.7 54% (Karara) Revenue/NTK ($/000 NTK) 34.4 35.0 34.7 29.4 18% For F
Slide 36: Freight profit & loss – underlying
Freight profit & loss – underlying (Freight includes Bulk and Intermodal businesses) ONLYonly 2013 Variance Notes use ($m) 2H 1H FY13 FY12 fav/(adv) • Expiry of CBH contract ($56m) PERSONAL USE Revenue 516 566 1,082 1,173 (8%) and lower TSC payments ($31m) personal Operating costs (468) (534) (1,002
Slide 37: Freight metrics
Freight metrics ONLYonly 2013 Variance Notes 2H 1H FY13 FY12 fav/(adv) use Tonnes hauled (m) 23.4 25.9 49.3 53.0 (7%) • Expiry of CBH contract PERSONAL USE personal NTK (bn) 6.4 6.8 13.2 14.3 (8%) Revenue/NTK ($/000 NTK) 80.6 83.2 82.0 82.0 0% • Fixed cost structure of Opex(1)/NTK ($/000 NTK) 77.8 8
Slide 38: Strategy
For personal use only Strategy Lance Hockridge - Managing Director & CEO
Slide 39: Strategy
Strategy ONLYonly • Delivering improved shareholder value in two ways: use 1. Principal focus on reforming the business to achieve the 75% operating ratio target (or 25% EBIT margin) by FY2015, and thereafter targeting further improvements to achieve world class levels PERSONAL USE personal • Refer
Slide 40: 75% Operating Ratio by FY2015 roadmap
75% Operating Ratio by FY2015 roadmap ONLYonly FY2010 >>> FY2012 FY2013 FY2015 90% >>> 83.4%(1) 79.8% 75% use • LTIFR reduced by 61% since FY2010 • LTIFR reduced by 60% versus FY2012 • Achieve World class targets Safety • MTIFR reduced by 56% since FY2010 • MTIFR reduced by 54% versus FY2012 • ZERO
Slide 41: Update on major committed growth projects
Update on major committed growth projects ONLYonly Wiggins Island • Construction commenced in FY2012 QLD • $355m spent to end FY2013 Rail Project • WICET port construction delayed by approximately nine months (WIRP) • use WIRP expected to be fully commissioned in CY2015 with tonnes to ramp up from t
Slide 42: Investment criteria – Strategic growth initiatives
Investment criteria – Strategic growth initiatives ONLYonly Alignment and fit to enterprise strategy, objectives and capabilities use - Providing appropriate portfolio exposure, momentum and opportunity PERSONAL USE personal Return – risk vs. reward/internal hurdles and timing - Providing approp
Slide 43: Strategic growth opportunities
Strategic growth opportunities ONLYonly As at 30 June 2013, total development costs capitalised in respect of growth projects was $108m Coal – Queensland use • Bowen Basin– continue development of expansion opportunities within existing operating footprints – Preferred proponent status on expansion
Slide 44: Outlook & summary
For personal use only Outlook & summary Lance Hockridge - Managing Director& CEO
Slide 45: Long term demand fundamentals remain strong
Long term demand fundamentals remain strong ONLYonly China – GDP growth rate and incremental GDP growth Historical and IMF forecasts • While growth in China's economy 15 IMF forecast 1,000 has moderated to a more Incremental GDP growth (USD 2012$B) 14 sustainable pace it is now use 13 growing from a
Slide 46: FY2014 outlook
FY2014 outlook ONLYonly Our current expectations are for: – Coal – approx 5% increase in haulage volumes to a range of 200 - use 205mt in FY2014 (193.7mt in FY2013) PERSONAL USE – Iron Ore – increase in volumes towards the contracted level of 30mt in FY2014 (24.7mt in FY2013) personal Commencing
Slide 47: Summary
Summary ONLYonly • Continued reform and growth drive strong underlying result use • $230m+ cost-out and new coal contracts – platform for future PERSONAL USE • Increased dividend pay-out ratio and improved franking personal • Leadership team in place to drive: – Further efficiency – Growth opportuni
Slide 48: Questions & answers
For personal use only Questions & answers
Slide 49: FY2013 Results Presentation
For personal use only FY2013 Results Presentation Lance Hockridge – Managing Director & CEO Keith Neate – EVP & CFO 19 August 2013
Slide 50: Note: this page intentionally left blank
use PERSONAL USE personal ONLYonly Note: this page intentionally left blank For FOR 49
Slide 51: FY2013 Results Support Pack August 2013
For personal use only FY2013 Results Support Pack 19 August 2013
Slide 52: Index
Index ONLYonly Subject Page Additional FY2013 information 52 use Company overview 65 PERSONAL USE personal Aurizon‘s Network Infrastructure Operations (Queensland) 72 Aurizon‘s haulage operations (Australia-wide) 79 For FOR 51
Slide 53: Additional FY2013 information
For personal use only Additional FY2013 information 52
Slide 54: Definitions
Definitions ONLYonly Metric Description Access Revenue Amount received for access to the Network infrastructure under the Access Agreement use GAPE Goonyella to Abbot Point Expansion Gearing Net debt/net debt + equity PERSONAL USE Maximum Allowable Revenue that Aurizon Network Pty Ltd is entitled to
Slide 55: June 2012 segment restatement ($m)
30 June 2012 segment restatement ($m) For personal use only Following the move to the functional model, we have restated prior year earnings with the principal changes detailed below: 30 June 2012 30 June 2012 30 June 2012 Original Restatements Restated Network Coal Freight Unallocated Total Network
Slide 56: Centralised Support Costs
Centralised Support Costs ONLYonly Real FY13 $m Labour IT1 Estate2 Dep’n Other3 FY13 Allocation Finance 36 1 6 43 Network use Human Resources 36 15 51 Coal $232m PERSONAL USE Enterprise Services 41 47 8 2 98 Freight personal Business Sustainability 15 73 19 (5) 102 Iron Ore Strategy 12 13 25 Unalloc
Slide 57: People
(1) People ONLYonly FY13 FY12 Variance use Network 1,492 1,689 (197) PERSONAL USE personal Operations(2) 5,536 6,158 (622) Commercial and Marketing 116 118 (2) For FOR Support functions 825 1,004 (179) Total 7,969 8,969 (1,000) Note: 1) Headcount includes all employees (permanent full-time, part-tim
Slide 58: Revenue cap adjustments
Revenue cap adjustments ONLYonly AT2-4 AT5 Total(1) • A further revenue protection mechanism is the revenue cap Year (diesel tariff) (electric tariff) adjustment. Actual Network revenue is compared to the $m $m $m regulatory determination, and under/over recoveries are 2012 3.3 13.5 16.8 adjusted in
Slide 59: Above rail - haulage coal tonnages by system
Above rail - haulage coal tonnages by system ONLYonly Annual Variance mt 2H FY13 1H FY13 FY13 FY12 (%) use Queensland • Increase largely due to GAPE PERSONAL USE Newlands 8.7 8.3 17.0 14.1 21% volume ramp up Goonyella 34.7 33.9 68.6 65.3 5% personal Blackwater 25.1 25.4 50.5 50.3 0% • Decrease large
Slide 60: Network coal tonnages by system in CQCN
Network coal tonnages by system in Central Queensland Coal Network (CQCN) ONLYonly mt 2H FY13 1H FY13 FY13 FY12 Variance use Newlands 7.5 7.0 14.5 13.8 5% PERSONAL USE Goonyella 49.9 47.7 97.6 84.0 16% personal Blackwater 27.5 27.4 54.9 55.1 0% Moura 4.6 6.2 10.8 13.0 (17%) GAPE 2.8 1.7 4.5 0.8 463%
Slide 61: Queensland Coal FY2013 Take-or-Pay
Queensland Coal FY2013 Take-or-Pay (1) ONLYonly $m Coal Network Consolidated • Revenue Protection mechanisms exists where volumes hauled are less than contracted amounts Income • Where actual Network revenues earned are less than the use levels used in setting the relevant Reference Tariff, the shor
Slide 62: Coal - Below Rail Take-or-Pay
Coal - Below Rail Take-or-Pay ONLYonly $m FY13 FY12 FY11 use • $34m improvement in non-pass through below Take-or-pay charge(1) (16.0) (62.2) (68.3) rail Take-or-Pay charges PERSONAL USE • Driven by stronger railings across Queensland, Take-or Pay passed through to especially in Q4 FY2013 personal 1
Slide 63: Queensland coal - Deficit tonnage charges (DTC)
Queensland coal - Deficit tonnage charges (DTC) ONLYonly $m 2H(1) 1H(1) FY(1) • A form of protection for the above rail coal business use when actual tonnages are less than contracted 2013 4.2 33.2 37.4 • Usually seen in old form or ―legacy‖ contracts PERSONAL USE 2012 7.5 21.1 28.6 • Annual charge
Slide 64: Coal Contracts 'Old Form' vs. 'New Form'
Coal Contracts ―Old Form‖ vs. ―New Form‖ ONLYonly Old form “legacy” haulage coal contracts Characteristics of new form coal contracts • Typically reflect a specified volume of product of • Tailored service offers are provided to allow use even railings in each year customers choice to best meet volu
Slide 65: Aurizon secured circa 120mtpa in New Form coal contracts in FY2013
Aurizon‘s secured circa 120mtpa in ―New Form‖ coal contracts in FY2013 ONLYonly Date Customer Tonnes (p.a.) Contract Duration Description Announced 11 years 9 months Renewal of contract for the transport of Ensham Up to 5.5 mtpa March 2013 to 31 December 2024 coal from Ensham mine use 10+ years - Ea
Slide 66: Company Overview
For personal use only Company Overview 65
Slide 67: Our vision, our mission and our values
Our vision, our mission and our values ONLYonly Our Vision Our Values use • Grow our people • Safety • Grow with our customers • Integrity PERSONAL USE • Grow the nation • Leadership, passion and courage • World-class performance personal Our Mission To be a world leading transport business. To part
Slide 68: Who we are
Who we are For personal use only Aurizon (previously QR National) is a top-50 ASX- listed company offering rail and road-based freight transport and infrastructure solutions across Australia The new name Aurizon, is a combination of Australia and Horizon. It conveys the geographical scope of our
Slide 69: Aurizon's key rail network & haulage corridors
Aurizon‘s key rail network & haulage corridors For personal use only There are three major interstate rail Network Owners segments in Australia: 1. The east-west corridor from Sydney, Australian Rail Track through Melbourne, across to Adelaide Corporation (ARTC) and Perth 2. The north-south corridor
Slide 70: Aurizon's key products
Aurizon‘s key products For personal use only Aurizon comprises distinct but related operating divisions: Network, Coal, Iron Ore and Bulk Freight • Located in Queensland • Operations in QLD and • Western Australian footprint • National footprint NSW • We operate and manage • First third party • Incl
Slide 71: Australian Coal Industry
Australian Coal Industry For personal use only Australia’s coal export destinations FY20123 Australia is the fourth largest producer of coal in the world, and is the Metallurgical coal largest seaborne exporter of metallurgical coal. Rail infrastructure is essential to the coal industry as it is the
Slide 72: Aurizon's Strategy for value creation
Aurizon‘s Strategy for value creation PRIMARY ENTERPRISE FOCUS ONLYonly 1 2 3 use Value creation Become Operate, develop and Maximise Value in the pillars World Class integrate bulk supply chains freight and logistics space PERSONAL USE Description Become a lean, World Class Expand our presence and
Slide 73: Aurizon's Network Infrastructure Operations (Queensland)
For personal use only Aurizon‘s Network Infrastructure Operations (Queensland)
Slide 74: Aurizon's regulated Network business in Queensland
Aurizon‘s regulated Network business in Queensland ONLYonly The Central Queensland Coal Network (CQCN) is the Traction largest coal export rail network in Australia. Aurizon power Signal Network controls, manages, operates and maintains the use fixed rail infrastructure assets on the CQCN Aurizo
Slide 75: CQCN Regulation
CQCN Regulation ONLYonly Queensland Competition Authority (QCA) is the economic regulator under state access regime and regulates Aurizon Network as the access use provider for rail transport infrastructure in the CQCN PERSONAL USE The Queensland Competition Authority (QCA) personal provides ope
Slide 76: Regulatory overview - current framework for CQCN
Regulatory overview - current framework for CQCN ONLYonly The CQCN operates under a stable and well Over recent years, Network has taken a more established regulatory regime proactive and innovative approach to regulatory matters that focuses on protecting value, The present Network Access Und
Slide 77: Regulatory overview - Price regulation (revenue)
Regulatory overview - Price regulation (revenue) ONLYonly The annual revenue allowance, known as the MAR (Maximum Allowable Revenue), is calculated in accordance with the AU through a building block approach. The MAR is then converted into reference tariffs according to forecast volumes and the natu
Slide 78: 2013 Access Undertaking
2013 Access Undertaking Network is committed to working continuously with customers and the ONLYonly regulator through a phased, disciplined approach aiming for approval of the 2013 Access Undertaking by 30 June 2014 Phase 1 – Inform, negotiate and recalibrate use 30-Apr-13 10-Oct-13 Objective: Work
Slide 79: Transitional tariffs for FY2014
Transitional tariffs for FY2014 ONLYonly Transitional Tariffs approved by the QCA 31 May 2013 Outcomes Withdrawal and re-submission agreed with the Queensland 2010AU extended to 30 June 2014 or earlier if Resources Council following consultation UT4 is approved use For systems other than GAPE,
Slide 80: Aurizon's haulage operations (Australia-wide)
For personal use only Aurizon‘s haulage operations (Australia-wide)
Slide 81: Aurizon's service delivery footprint
Provides • Greenfield site development Aurizon‘s service delivery footprint • Management of project and operational interfaces • Fully integrated solutions • Railway design and For personal use only construction • Heavy haul operation management Operations Service Delivery Coal Iron Ore Bulk & Inter
Slide 82: Coal operations
Coal operations For personal use only Major above rail operators State/Region Above rail contracted coal volume profiles for existing contracts Aurizon QLD, NSW Queensland (QLD) Hunter Valley (NSW) Asciano (Pacific National) NSW, QLD mt mt X-Rail 201 193 189 NSW (Glencore Xstrata/Freightliner) South
Slide 83: Aurizon's Iron Ore operations
Aurizon‘s Iron Ore operations For personal use only WA Operations Iron Ore Customers State Product Port Cliffs Asia Pacific Iron Ore WA Iron Ore Esperance Karara (KML) WA Iron Ore Geraldton Mount Gibson Iron WA Iron Ore Geraldton Polaris (Mineral Resources) WA Iron Ore Kwinana Major Iron Ore operato
Slide 84: Aurizon's Freight business
Aurizon‘s Freight business For personal use only Aurizon's freight business (excluding Iron Ore) transports more than 30 million tonnes per annum of bulk minerals and commodities including agricultural products, mining and industrial inputs and general and containerised freight Intermodal Bulk • Tra
Slide 85: Aurizon's Intermodal Operations
Intermodal freight refers to freight which is transported in containers Aurizon‘s Intermodal Operations and can be transferred between rail, road and sea modes ONLYonly Intermodal is an integrated logistics provider, use consisting of three distinct but interrelated •Cairns business units: Townsvill
Slide 86: Aurizon's Intermodal Service Offering
Aurizon‘s Intermodal Service Offering ONLYonly Intermodal is a niche operator, offering end-to-end supply chain solutions leveraging existing multimodal group infrastructure use As owner and operator of all supply chain elements, Intermodal is readily able to provide innovative, optimised and cu
Slide 87: Aurizon's Bulk Freight Operations
Aurizon‘s Bulk Freight Operations For personal use only • Bulk freight in Australia consists primarily of bulk mineral commodities that are mainly hauled intrastate from mines to export terminals. Common bulk freight hauled includes coal, copper, bauxite, lead, zinc and nickel, as well as agricultur
Slide 88: FY2013 Results Support Pack August 2013
For personal use only FY2013 Results Support Pack 19 August 2013