Slide 1: FY21 Results
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FY21 RESULTS
Slide 2: Disclaimer and Basis of Preparation
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information DISCLAIMER AND BASIS OF PREPARATION This publication is prepared by the Transurban Group comprising Transurban Holdings Limited (ACN 098 143 429), Transurban Holding Trust (ARSN 098 807 419) and Transurban In
Slide 3: Contents
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information CONTENTS 4 18 28 39 42 F Y 21 M A R K ET FINANCIAL OUTLOOK SUPPLEMENTARY HIGHLIGHTS U P D AT E S R E S U LT S INFORMATION TRANSURBAN FY21 RESULTS | 9 AUGUST 2021 3
Slide 4: FY21 Highlights
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FY21 HIGHLIGHTS Sale of 50% of Transurban Chesapeake assets Traffic recovered across the Group in FY21 reflects long-term value of Greater Washington supported by diversification across markets Area business
Slide 5: FY21 Results Summary
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FY21 RESULTS SUMMARY • Traffic impacts as a result of COVID-19 across all markets, with Melbourne and Greater Washington Area most affected; recovery trend evident throughout FY21 prior to recent lockdowns –
Slide 6: Group Strategy
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information GROUP STRATEGY To provide sustainable transport solutions that offer choice, reliability, safety, transparency and value Stakeholder Optimal Delivery and Disciplined engagement networks operations investment
Slide 7: Transurban Investment Proposition
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information TRANSURBAN INVESTMENT PROPOSITION Leading global toll road developer and operator Recent market activity reinforces value of quality infrastructure assets 21 assets located in five markets with quality struct
Slide 8: FY21 Traffic Overview
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FY21 TRAFFIC OVERVIEW • Traffic recovered across the Quarterly Average Daily Traffic (ADT, million trips per day) FY21 new assets1 Group in FY21, prior to recent lockdowns, with diversity 2.3 2.3 2.2 across m
Slide 9: Traffic Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information TRAFFIC UPDATE1 Sydney weekly traffic 2021 vs 2019 (%) • Traffic exceeded 2019 levels Melbourne weekly traffic 2021 vs 2019 (%) WEEK COMMENCING in 2H21 WEEK COMMENCING 3-Jan 24-Jan 14-Feb 7-Mar 28-Mar 18-Apr
Slide 10: Customer Highlights
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information CUSTOMER HIGHLIGHTS Transurban has around nine million customers across five markets. Ensuring customers can get where they need to go efficiently and safely is essential for delivering on the Group’s value p
Slide 11: Opportunity Pipeline
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information OPPORTUNITY PIPELINE Long term investment horizon and pipeline of opportunities in core markets enables Transurban to take a disciplined approach in g r o w i n g t h e p o r t fo l i o REGION POTENTIAL OPPOR
Slide 12: WestConnex Sale Process
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information WESTCONNEX SALE PROCESS Transaction Sale approach process outlined 1 is as per NSW State briefing. Dates are subject to change. Party Third State STP • Formal sale process has commenced with process expected
Slide 13: WestConnex Transaction Approach
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information WESTCONNEX TRANSACTION APPROACH Long term investment horizon and pipeline of opportunities in core markets enables Transurban to take a disciplined approach Understanding the value of the Discipline demonstra
Slide 14: West Gate Tunnel Project—Background
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information WEST GATE TUNNEL PROJECT— BACKGROUND • Transurban has been a long-term partner to the state of Victoria since CityLink opened in 1999 and remains committed to delivering the West Gate Tunnel Project—a critica
Slide 15: West Gate Tunnel Project—Dispute Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information WEST GATE TUNNEL PROJECT— DISPUTE UPDATE1 • Transurban believes the successful delivery of this project is in the interest of all parties and the broader community • In relation to the disputed matters, Trans
Slide 16: West Gate Tunnel Project—Progress and Benefits
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information WEST GATE TUNNEL PROJECT— PROGRESS AND BENEFITS Construction progress Customer and community outcomes on completion • A spoil disposal site in Bulla, Victoria operated by Hi-Quality is the D&C subcontractor’s
Slide 17: ESG Highlights
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information ESG HIGHLIGHTS ESG considerations integrated across all elements of strategy, planning and operations.1 Initiatives aimed at addressing climate change r is k s a n d im p a c ts w er e a k ey f o c u s f o r
Slide 18: Market Updates
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information MARKET UPDATES
Slide 19: Sydney Market Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information SYDNEY MARKET UPDATE Toll revenue Sydney toll FY21 performance 19.2% growth revenue contribution • Car traffic increased by 22.0% and large vehicle traffic increased by 25.2%, driven by M8/M5 East and NorthCo
Slide 20: Sydney Portfolio and Pipeline
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information SYDNEY PORTFOLIO AND PIPELINE Near-term asset enhancement opportunities • Work is progressing on a ‘Stage 2’ Detailed proposal for the M7- M12 Integration and Delivery (including widening works in the M7 cent
Slide 21: Melbourne Market Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information MELBOURNE MARKET UPDATE FY21 performance Toll revenue Melbourne toll (17.6%) growth • CityLink traffic decreased by 24.5% with Western Link impacts exceeding those on the Southern Link revenue contribution du
Slide 22: Melbourne Portfolio and Pipeline
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information MELBOURNE PORTFOLIO AND PIPELINE Potential market opportunities • North East Link potential monetisation Victorian infrastructure project updates • North East Link project—early works underway with major cons
Slide 23: Brisbane Market Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information BRISBANE MARKET UPDATE Toll revenue Brisbane toll FY21 performance 7.7% growth • Car traffic increased by 7.1% and large vehicle traffic increased by 3.6% revenue contribution • Proportional toll revenue incr
Slide 24: Brisbane Portfolio and Pipeline
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information BRISBANE PORTFOLIO AND PIPELINE Near-term asset enhancement opportunities • Gateway Motorway widening • Logan Motorway widening Potential market opportunities • Broader network enhancements including in relat
Slide 25: North America Market Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information NORTH AMERICA MARKET UPDATE1 Toll revenue North America toll FY21 performance (39.9%) growth revenue contribution • Impacts to traffic and revenue on Express Lanes continued as a result of COVID-19 and associ
Slide 26: Greater Washington Area Projects Update
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information GREATER WASHINGTON AREA PROJECTS UPDATE Phase 1 Maryland Express Lanes Project 495 Northern Extension • Design-build procurement, predevelopment work and community engagement advancing • Environmental review
Slide 27: Greater Washington Area Portfolio and Pipeline
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information GREATER WASHINGTON AREA PORTFOLIO AND PIPELINE Fredericksburg Region, Virginia Potential market opportunities • Asset enhancement opportunities across GWA assets, with additional expansion opportunities and p
Slide 28: Financial Results
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FINANCIAL RESULTS
Slide 29: FY21 Financial Performance Snapshot
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FY21 FINANCIAL PERFORMANCE SNAPSHOT1 FY21 FY21 VS. FY20 Gross Distributions $999 million (22)% Free Cash (incl. Capital Releases) $1,278 million (13)% Free Cash (incl. Capital Releases plus $3,453 million 134
Slide 30: Free Cash Movement
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FREE CASH MOVEMENT Capital Releases (1 3 . 5 %) FY20 $320 million 47 FY21 $278 million 1,156 (126) 49 (49) 72 (56) (111) 1,000 999 (19) 37 Sydney Melbourne Brisbane North America Corporate FY20 Free cash (exc
Slide 31: Statutory Results
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information STATUTORY RESULTS 3,272 3,612 29 (153) (29) (47) 2 (94) (99) 51 FY20 Net loss Toll revenue Other revenue Operating Depreciation & Net finance costs Loss from equity Income Discontinued Profit for the year exp
Slide 32: Proportional Results
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information PROPORTIONAL RESULTS (2 . 8 %) (2 . 4 %) 1,888 75 1,842 1,836 (6) 4 (94) (19) (12) New assets Divestment FY20 EBITDA Toll revenue Other revenue Direct costs New assets/ FY21 EBITDA (excl Foreign Exchange FY21
Slide 33: Proportional Cost Movement
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information PROPORTIONAL COST MOVEMENT 7 .8 % 9 .1 % 787 777 47 (10) • Underlying costs well managed with reduction in operating costs a result 721 29 of cost discipline (8) (2) • COVID related reductions in volume relat
Slide 34: Proportional EBITDA Margins
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information PROPORTIONAL EBITDA MARGINS1 FY20 1H21 2H21 FY21 • Sydney margin includes the impact of M8/M5 East and NorthConnex in ramp-up Sydney 82.0% 79.8% 81.9% 80.9% phase and liquidated damages received for the delay
Slide 35: Funding Summary
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FUNDING SUMMARY1 JUN 20 JUN 21 • Sale of a 50% interest in Transurban Chesapeake for gross proceeds of $2.7 billion has resulted Group debt3 $22,118M $20,763M in the deconsolidation of debt on balance sheet •
Slide 36: Near-Term Interest Rate Exposure
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information NEAR-TERM INTEREST RATE EXPOSURE Average cost of upcoming term debt maturities above average cost of debt Embedded CPI escalation contributes to natural hedge3,4 4% Average cost of 9% 4.8% 5.0% 2 . 6 %1 4.5%
Slide 37: Financial Considerations for FY22
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FINANCIAL CONSIDERATIONS FOR FY22 COVID-19 revenue impacts Operational cost considerations • Portfolio performance will remain sensitive to future government responses to • Accounting policy change—the change
Slide 38: Capital Management Approach Supports Investment Proposition
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information CAPITAL MANAGEMENT APPROACH SUPPORTS INVESTMENT PROPOSITION Robust balance sheet provides optionality for investment in new opportunities Chesapeake transaction proceeds and Capital Releases available to fund
Slide 39: Outlook
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information OUTLOOK
Slide 40: Future Mobility
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information FUTURE MOBILITY Transurban is continuing to invest in understanding key trends in current and future mobility. Pressure on transportation systems is expected to grow, presenting opportunities for collaboratio
Slide 41: Outlook
Contents FY21 Highlights Market Updates Financial Results Outlook Supplementary Information OUTLOOK Market diversification across the Group to support overall performance, with traffic in FY22 distribution expected to be in line with Free individual regions to remain sensitive to Cash, excluding Cap
Slide 42: Supplementary Information
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary SUPPLEMENTARY INFORMATION
Slide 43: Environmental, Social and Governance
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Slide 44: ESG Investment Proposition
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary ESG INVESTMENT PROPOSITION Transurban is committed to strengthening communities through transport. Providing leadership and taking action on environmental, social and governance factors is fundamen
Slide 45: Climate Change Program
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary CLIMATE CHANGE PROGRAM Current and future climate-related risk management priorities Scope 1 and 2 emissions: Scope 1 and 2 emissions: 50% reduction by 2030 net zero emissions • Transition to zero-
Slide 46: FY21 ESG Progress
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FY21 ESG PROGRESS Despite the challenging operating environment, Transurban continued to make progress against key long-term ESG priorities over the period. FY21 initiatives focused on supporting e
Slide 47: Health and Safety
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary HEALTH AND SAFETY Our Contractor Road people safety safety safety • Focus on mental and physical wellbeing of our • Contractor (RIFR)1 finished under target of 4.20 • RICI2 finished under target of
Slide 48: Detailed Financials
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary DETAILED FINANCIALS
Slide 49: Traffic and Revenue Performance
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRAFFIC AND REVENUE PERFORMANCE JUN 21 QUARTER1 FY211 PROPORTIONAL ADT ADT LARGE VEHICLE PROPORTIONAL ADT ADT LARGE VEHICLE TOLL REVENUE % CHANGE % CHANGE CAR TRAFFIC TRAFFIC TOLL REVENUE % CHANGE
Slide 50: Traffic and Revenue Data
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRAFFIC AND REVENUE DATA1 % LARGE VEHICLE ASSET JUN 20 QUARTER JUN 21 QUARTER % CHANGE FY20 FY21 % CHANGE TRAFFIC2 SYDNEY M2 Total Toll Revenue (M) $54 $84 55.8% $280 $310 10.8% N/A Average Daily T
Slide 51: Traffic and Revenue Data
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRAFFIC AND REVENUE DATA1 % LARGE VEHICLE ASSET JUN 20 QUARTER JUN 21 QUARTER % CHANGE FY20 FY21 % CHANGE TRAFFIC2 MELBOURNE CityLink Total Toll Revenue (M) $125 $181 45.0% $747 $616 (17.6%) N/A Av
Slide 52: Traffic and Revenue Data
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRAFFIC AND REVENUE DATA1 % LARGE VEHICLE ASSET JUN 20 QUARTER JUN 21 QUARTER % CHANGE FY20 FY21 % CHANGE TRAFFIC2 NORTH AMERICA 95 Express Lanes Total Toll Revenue (USD M) $3 $26 698.5% $86 $63 (2
Slide 53: Traffic Data vs FY19
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRAFFIC DATA VS FY19 JUN 19 JUN 21 ASSET QUARTER QUARTER % CHANGE FY19 FY21 % CHANGE SYDNEY Hills M2 Average Daily Trips (‘000) 133 135 1.3% 135 127 (6.3%) M5 West Average Daily Trips (‘000) 160 16
Slide 54: Proportional Toll Revenue by Asset
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary PROPORTIONAL TOLL REVENUE BY ASSET JUN 21 QUARTER ($M) FY21 ($M) OWNERSHIP 100% PROPORTIONAL 100% PROPORTIONAL M2 100% $84 $84 $310 $310 M5 West 100% $76 $76 $300 $300 LCT 100% $24 $24 $92 $92 CCT
Slide 55: Statutory Results
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary STATUTORY RESULTS FY20 ($M)1 FY21 ($M)1 % CHANGE Toll revenue 2,295 2,266 (1.3%) Construction revenue 763 480 (37.1%) Other revenue 111 140 25.4% Total revenue 3,169 2,886 (9.0%) Employee benefit e
Slide 56: Reconciliation of Statutory EBITDA to Proportional EBITDA
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary RECONCILIATION OF STATUTORY EBITDA TO PROPORTIONAL EBITDA FY20 ($M) FY21 ($M) % CHANGE Statutory EBITDA 1,738 1,691 (2.8%) Less: EBITDA attributable to non-controlling interest—ED (26) (26) 0.4% Le
Slide 57: FY21 Proportional Result by Asset
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FY21 PROPORTIONAL RESULT BY ASSET TOLL OTHER EBITDA (excluding NET FINANCE INCOME REVENUE REVENUE significant items) EBITDA D&A COST NPBT TAX NPAT OWNERSHIP ASSET $M $M $M $M $M $M $M $M $M 100% M2
Slide 58: FY20 Proportional Result by Asset
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FY20 PROPORTIONAL RESULT BY ASSET TOLL OTHER EBITDA (excluding NET FINANCE INCOME REVENUE REVENUE significant items) EBITDA D&A COST NPBT TAX NPAT OWNERSHIP ASSET $M $M $M $M $M $M $M $M $M 100% M2
Slide 59: FY21 Net Finance Costs Paid
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FY21 NET FINANCE COSTS PAID NON-CASH ITEMS DISCOUNT PROPORTIONAL STATUTORY UNWINDS & INTEREST INTEREST NET INTEREST NET INTEREST NET INTEREST1 DEBT FEES REVALUATIONS2 CAPITALISATION3 OTHER4 ACCRUAL
Slide 60: FY20 Net Finance Costs Paid
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FY20 NET FINANCE COSTS PAID NON-CASH ITEMS DISCOUNT PROPORTIONAL STATUTORY UNWINDS & INTEREST INTEREST NET INTEREST NET INTEREST NET INTEREST DEBT FEES REVALUATIONS1 CAPITALISATION2 OTHER3 ACCRUALS
Slide 61: Maintenance Provision
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary MAINTENANCE PROVISION MAINTENANCE EXPENSE RECOGNISED1 MAINTENANCE CASH SPEND CONTROLLED ENTITIES FY20 ($M) FY21 ($M) FY20 ($M) FY21 ($M) M2 (7) (6) (7) (6) M5 West (3) (6) (1) (4) LCT (6) (7) (4) (
Slide 62: Free Cash Calculation
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FREE CASH CALCULATION FREE CASH CALCULATION SOURCE OF INFORMATION/EXPLANATION Cash flows from operating activities Statutory Transurban Holdings Limited operating cash flow (refer Group Statutory a
Slide 63: Free Cash
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FREE CASH RECONCILIATION OF STATUTORY CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FY20 ($M) FY21 ($M) FY20 FY21 % CHANGE Cash flows from operating activities 1,131 893 Free Cash $1,476M $1,278
Slide 64: Reconciliation of Proportional EBITDA to Free Cash
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary RECONCILIATION OF PROPORTIONAL EBITDA TO FREE CASH FY21 ($M) COMMENTS Proportional EBITDA 1,812 Refer to slide 30 for further detail Transaction and integration costs 24 Integration of M5 West and
Slide 65: Projects Under Development or Delivery
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary PROJECTS UNDER DEVELOPMENT OR DELIVERY S P E ND F Y2 1 TO-DATE1 S P E N D1 F Y2 2 F Y2 3 F Y2 4 COMMITTED PROJECTS / PROJECTS $1,250M $30M NORTHCONNEX—Sydney ($1.3B)—COMPLETE UNDER CONSTRUCTION2 NE
Slide 66: Transurban Tax Groups—Estimated Timing
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRANSURBAN TAX GROUPS—ESTIMATED TIMING Tax group FY21 EBITDA (excluding F Y2 1 F Y2 2 F Y2 3 F Y2 4 F Y2 5 F Y2 6 F Y2 7 F Y2 8 F Y2 9 + significant items) as Timing is indicative only and not show
Slide 67: Transurban Chesapeake Transaction Impacts
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TRANSURBAN CHESAPEAKE TRANSACTION IMPACTS Transurban Group impacts pre- Transurban Group impacts post-financial close (from 1 April 2021) financial close (to 31 March 2021) Statutory reporting Stat
Slide 68: Treasury
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TREASURY
Slide 69: Funding Structure at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FUNDING STRUCTURE Transurban2 AT 30 JUNE 2021 BBB+/Baa1/A- Non-Recourse Corporate Sydney Brisbane North America Working EMTN Capital3 EUR3.3B $2.7B 495 Express 95 Express M2 LCT CCT ED2 M72 M5 West
Slide 70: Group Debt at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary GROUP DEBT AT 30 JUNE 2021 FACILITY FACILITY TOTAL FACILITY TOTAL DRAWN PROPORTIONAL STATUTORY FACILITY ($M)1 (USD M)1 (CAD M)1 ($M)2 ($M)2 DRAWN ($M)2 DRAWN ($M)3 CORPORATE DEBT Working capital fa
Slide 71: Drawn Debt
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary DRAWN DEBT1 30 JUN 20 30 JUN 21 AUD2 ($M) ($M) MOVEMENT ($M) EXPLANATION Issuance of $1,239 million 144A, less repayment of $399 million of EMTNs, $206 million USPP and repayment of $100 Corporate
Slide 72: Key Debt Metrics
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary KEY DEBT METRICS 30 JUN 20 30 JUN 21 TRANSURBAN GROUP CORPORATE NON-RECOURSE TRANSURBAN GROUP CORPORATE NON-RECOURSE 3 Weighted average maturity (years)1,2 8.4 years 6.7 years 9.7 years 7.7 years 7
Slide 73: Extension of Group Debt Maturity Profile
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary EXTENSION OF GROUP DEBT MATURITY PROFILE June 2021 maturity profile1,2 10,000 New debt raised during FY21 8,000 $ MILLION 6,000 4,000 2,000 - FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 - 30 FY31 - 35
Slide 74: Corporate Debt Maturities at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary CORPORATE DEBT MATURITIES AT 30 JUNE 2021 Working capital facilities USPP EMTN 144A Letters of credit facilities 2,000 1,800 1,600 1,400 833 1,200 $ MILLION 734 1,000 215 800 1 , 666 1 , 332 600 1
Slide 75: Non-Recourse Debt Maturities at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary NON-RECOURSE DEBT MATURITIES AT 30 JUNE 2021 TQ ED M2 M5 M7 LCT CCT WCX Group M8 / M5 East M4-M5 Link 495 95 A25 6,000 5,500 5,000 325 LCT and CCT are 210 4,500 expected to commence amortisation in
Slide 76: Hedging Profile
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary HEDGING PROFILE Transurban interest rate hedging profile1,2 30 JUN 20 30 JUN 21 Interest rate hedged3 98.9% 99.8% 36,000 32,000 Currency hedged4 98.8% 99.1% 28,000 24,000 20,000 $ MILLION 16,000 12
Slide 77: Diversified Funding Sources
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary DIVERSIFIED FUNDING SOURCES Group debt as at 30 June 20212 BANK DEBT AMTN M a jor d e b t i s s u a n c e s 1 d u r i n g F Y 2 1 : AUD PRIVATE PLACEMENT • $1,239 million 144A at Corporate CAD NOTE
Slide 78: Corporate Overview
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary CORPORATE OVERVIEW
Slide 79: Summarised Group Structure
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary SUMMARISED GROUP STRUCTURE TRANSURBAN HOLDINGS LIMITED TRANSURBAN HOLDING TRUST TRANSURBAN INTERNATIONAL LIMITED CORPORATE ENTITIES ROAD/OPERATING ENTITIES OTHER ENTITIES ROAD/OPERATING ENTITIES CO
Slide 80: Asset Portfolio at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary ASSET PORTFOLIO AT 30 JUNE 2021 SYDNEY OVERVIEW M5 WEST2 M2 M4 M83 M5 EAST5 LCT CCT Opening date Aug 1992 May 1997 May 1992 Jul 2020 Dec 2001 Mar 2007 Aug 2005 Remaining concession period1 5 years2
Slide 81: Asset Portfolio at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary ASSET PORTFOLIO AT 30 JUNE 2021 SYDNEY MELBOURNE NORTH AMERICA 495 EXPRESS 95 EXPRESS OVERVIEW ED M7 NORTHCONNEX CITYLINK A25 LANES4,5 LANES5,6 Opening date Dec 1999 Dec 2005 Oct 2020 Dec 2000 Nov
Slide 82: Asset Portfolio at 30 June 2021
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary ASSET PORTFOLIO AT 30 JUNE 2021 BRISBANE GATEWAY LOGAN GO BETWEEN LEGACY OVERVIEW CLEM7 AIRPORTLINK M7 MOTORWAY MOTORWAY BRIDGE WAY Opening date Dec 1986 Dec 1988 Mar 2010 Jul 2010 Jun 2015 Jul 201
Slide 83: Future Concession Assets
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary FUTURE CONCESSION ASSETS1 SYDNEY MELBOURNE M4-M5 ROZELLE WEST GATE OVERVIEW LINK INTERCHANGE TUNNEL Concession end date Dec 2060 Dec 2060 Jan 2045 PHYSICAL DETAILS Length—total 7.5 km 5 km2 17 km L
Slide 84: Tolling Escalation
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary TOLLING ESCALATION MOTORWAY ESCALATION MOTORWAY ESCALATION M2 Tolls escalate quarterly by the greater of quarterly CPI or 1% Tolls escalate quarterly by an equivalent of 4.25% per annum from West G
Slide 85: Standard PPP Risk Management Framework
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary STANDARD PPP RISK MANAGEMENT FRAMEWORK Government agency Manages project on behalf of government • Allocation of project risks Responsibilities include: to the parties best able to • Regulatory app
Slide 86: Glossary
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary GLOSSARY
Slide 87: Glossary
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary GLOSSARY TERM DEFINITION TERM DEFINITION 95 95 Express Lanes FFO/DEBT Based on S&P methodology. FFO is calculated as statutory EBITDA (where EBITDA equals 395 395 Express Lanes revenue minus operat
Slide 88: Glossary
Contents Environmental, Social and Governance Detailed Financials Treasury Corporate Overview Glossary GLOSSARY TERM DEFINITION TERM DEFINITION MD Maryland, United States of America QLD Queensland, Australia MDOT Maryland Department of Transportation STP/STP JV Sydney Transport Partners Joint Ventur