Transurban Group Ltd. · ASX:TCL
Transurban — Merger or Acquisition (March 2018)
12 slides from Transurban's merger presentation, Mar 23, 2018
Slide 1: Investor Presentation - A25 acquisition ASX release
asx release 23 March 2018 For personal use only Investor Presentation Please find attached Transurban’s Investor Presentation in respect of the A25 acquisition announced this morning. Amanda Street Company Secretary Investor enquiries Media enquiries Lauren Balbata Tim Salathiel Investor Relations M
Slide 2: A25 Acquisition, Montreal, Canada
For personal use only A25 Acquisition Montreal, Canada
Slide 3: Disclaimer and basis of preparation
For personal use only 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 International Limited (ACN 121 746 825). The responsible entity of Transurban Holding Trust is Transurban In
Slide 4: Transaction overview
For personal use only • Transurban has reached agreement with Macquarie Infrastructure Partners to acquire 100% of the equity interests in the A25 for CAD 840 million plus acquisition costs of CAD 18 million • The A25 is a 7.2km toll road and bridge connecting Northern Montreal across the Rivière de
Slide 5: Consistent with Transurban's growth strategy
For personal use only To be the partner of choice with governments providing effective and innovative urban road infrastructure and services utilising core capabilities Network planning Community Development Technology Operations Customer / forecasting engagement / delivery experience • Consistent w
Slide 6: Leveraging core capabilities in North America
For personal use only Customer experience Operations Community engagement • Align to Transurban customer • Leverage synergies with US-based • Continue to strengthen strategy assets community engagement • Provide more customer service • Apply Transurban’s approach to • Further local partnership optio
Slide 7: Strong historical traffic and revenue profile
For personal use only Strong historical traffic and revenue profile 2017 survey of North Shore residents1 • Asset in operation for almost seven years • Exceeding original traffic projections Traffic jams negatively 86% affect quality of life • Asset includes 1.2km 6-lane bridge over the Rivière des
Slide 8: A25 income sources from availability payments, guaranteed minimum payment and tolls
A25 INCOME SOURCES FROM AVAILABILITY PAYMENTS, For personal use only GUARANTEED MINIMUM PAYMENT AND TOLLS Current toll rates (CAD, peak and off peak) Inflation-linked pricing with toll prices escalating with Canadian CPI annually • Toll rates vary for peak and off-peak hours with commercial vehicles
Slide 9: Stable financials
For personal use only Average annual daily traffic Revenue (CAD millions) Stable financials 47 46 70 • FY17 AADT growth of 4% 45 65 • EBITDA margins of almost 70% 000s 44 60 • Combined Canadian federal and Quebec 43 55 provincial income tax rate of approximately 27% applicable 42 50 FY15 FY16 FY17 F
Slide 10: A25 delivers exposure and attractive demographics
A25 DELIVERS EXPOSURE AND ATTRACTIVE DEMOGRAPHICS Montreal population and population density1 For personal use only Population density (/km², 2016) 7,000 1,200 Population ('000s, 2016) 6,000 1,000 5,000 Montreal metropolitan area has many aspects in common 4,000 800 600 with the other markets where
Slide 11: Increased effectiveness and alignment to Transurban approach
INCREASED EFFECTIVENESS AND ALIGNMENT TO TRANSURBAN ▬ For personal use only March Successful bid announced APPROACH Sale We are here and bid Integration of A25 to occur over six to nine months Financial close, subject to ▬ process Q4 FY18 Investment Canada Act across four key streams approval Month
Slide 12: A25 operation and maintenance limits map
For personal use only Tolled lane Free lane Toll point Adjacent roads Signalized intersection Rivière Toll gantry des N Rue Future widening rights Prairies Larrey A 440: full Blvd Blvd Blvd Maurice Blvd Henri Rue A 40: grade grade separated Levesque E. Perras Duplessis Bourassa Bombardier Separated
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