Transurban Group Ltd. · ASX:TCL
Transurban — Morgans Queensland Conference 2015
21 slides from Transurban's conference presentation, Oct 21, 2015
Slide 1: Presentation to Morgans Queensland Conference
asx release 21 October 2015 For personal use only Presentation to Morgans Queensland Conference Please find attached the presentation that Transurban CEO Scott Charlton will be delivering at today’s Morgans Queensland Conference. Julie Galligan Company Secretary Investor enquiries Jessica O’Brien In
Slide 2: Scott Charlton, CEO - 2015 Morgans Conference
For personal use only SCOTT CHARLTON, CEO TRANSURBAN 2015 MORGANS CONFERENCE 1
Slide 3: Transurban Snapshot
TRANSURBAN SNAPSHOT For personal use only TRANSURBAN OWNS AND OPERATES TOLL ROADS TRANSURBAN IS AN ASX TOP 20 COMPANY WITH A MARKET CAP OVER $19 BILLION 4 14 9 NETWORKS ASSETS DEVELOPMENT OPPORTUNITIES 2
Slide 4: Strategy
STRATEGY For personal use only To be the partner of choice with governments providing effective and innovative urban road infrastructure utilising core capabilities NETWORK COMMUNITY DEVELOPMENT TECHNOLOGY OPERATIONS PLANNING / ENGAGEMENT / DELIVERY AND CUSTOMER FORECASTING MANAGEMENT 3
Slide 5: The Value of the Network
THE VALUE OF THE NETWORK For personal use only TRAFFIC AND TOLLING OPERATIONAL EFFICIENCIES • Traffic growth through economic cycles • Economies of scale • Fully electronic tolling with dynamic pricing NETWORK • Early adoption of proven technology capability • Active network management CHARACTERISTI
Slide 6: Transurban's Portfolio - Australia
TRANSURBAN’S PORTFOLIO For personal use only AUSTRALIA NETWORK MELBOURNE SYDNEY HILLS CROSS CITY LANE COVE M1 EASTERN WESTLINK M5 ASSET CITYLINK M2 TUNNEL TUNNEL DISTRIBUTOR M7 MOTORWAY LENGTH 22km 21km 2.1km 3.8km 6km 40km 22km Transurban 100% 100% 100% 100% 75.1% 50% 50% ownership % of proportiona
Slide 7: Transurban's Portfolio - Australia and United States
TRANSURBAN’S PORTFOLIO For personal use only AUSTRALIA UNITED STATES NETWORK BRISBANE WASHINGTON DC GO 495 95 LEGACY ASSET GATEWAY LOGAN CLEM7 BETWEEN EXPRESS EXPRESS WAY BRIDGE LANES LANES LENGTH 23.1km 38.7km 6.8km 0.3km 5.7km 22km 46.6km Transurban 62.5% 62.5% 62.5% 62.5% 62.5% 100% 100% ownershi
Slide 8: CityLink Tulla Widening
CITYLINK TULLA WIDENING MELBOURNE For personal use only OVERVIEW Extra lanes to add 30% more capacity Upgraded Bolte Bridge to West Gate Freeway connection to improve safety Improvements to Bell Street entry and exit Installation of digitised tolling and traffic management systems, enhancing
Slide 9: CityLink Tulla Widening Project Economics
CITYLINK TULLA WIDENING PROJECT ECONOMICS For personal use only PROJECT ECONOMICS Toll price Index of minimum 4.5% extended by one year Truck multiplier (effective in one increment 1 April 2017) HCV tolls move from 1.9 x to 3 x HCV (day) from 1.3x to 3x HCV (night) from 1.0x to 2x Concession LCV (da
Slide 10: NorthConnex
NORTHCONNEX SYDNEY For personal use only OVERVIEW Nine kilometre twin tunnels connecting the southern end of the M1 Pacific Highway to the Hills M2 Motorway at the Pennant Hills Road interchange Upgrade works to the Hills M2 to integrate the NorthConnex project, providing 3.5 kilometres of addit
Slide 11: NorthConnex Project Economics
NORTH CONNEX PROJECT ECONOMICS For personal use only Truck toll multiplier and escalation Westlink M7 from 1x to 3x over a two year New tolls and concession period NorthConnex opening Tolls aligned with M2 main toll point Lane Cove Tunnel1 Approximate 29-year concession to June 2048 from 2x to 3x ov
Slide 12: Western Distributor
WESTERN DISTRIBUTOR MELBOURNE For personal use only OVERVIEW Upgrading Cook Street and the West Gate Freeway to Bolte Bridge ramp, complementing port works already underway 50% additional capacity by adding two lanes each way from M80 Ring Road to the Western Distributor tunnel portal Tunnel a
Slide 13: Transurban Queensland
TRANSURBAN QUEENSLAND For personal use only AIRPORTLINK GATEWAY UPGRADE • Sale process underway NORTH • Operational efficiencies • TQ managing project on uniquely available to TQ behalf of the Queensland consortium Government • D&C contractor appointed TQ INTEGRATION LEGACY WAY • Integration program
Slide 14: Gateway Upgrade North
GATEWAY UPGRADE NORTH For personal use only OVERVIEW Widening of 11km section of the highway $1 billion project Partnered with Queensland and Federal Government to deliver project on their behalf 13
Slide 15: Legacy Way
LEGACY WAY SUCCESSFUL OPENING For personal use only OPERATION 1ST QUARTER OF OPERATIONS LENGTH OF TUNNEL 4.6km NUMBER OF LANES 4 (2 lanes each direction) OPENING DATE1 25 June 2015 TOLL PRICE (CARS)2 $3.00 ESCALATION Brisbane CPI annually (1 July) AVERAGE WORK DAY TRAFFIC 19,000 1. Legacy Way opened
Slide 16: Legacy Way Network Benefits
LEGACY WAY NETWORK BENEFITS For personal use only Traffic uplift on AirportLink since opening of Legacy Way during discount toll period Government to ~10% increase in upgrade traffic since Kingsford Smith opening of Drive, a free Legacy Way competing route during discount for AirportLink toll period
Slide 17: Investment Discipline
INVESTMENT DISCIPLINE COMPARISON OF TCL AND VENDOR TRAFFIC FORECASTS For personal use only CLEM7 YEAR-ON-YEAR TCL APPROACH TRAFFIC GROWTH (AADT%) Commitment to accurate forecasting – alignment of interest as long-term FY15 ACTUAL operator CLEM7 long term FY15 TCL INVESTMENT CASE vendor forecast
Slide 18: Positioning for the Future
POSITIONING FOR THE FUTURE SIGNIFICANT OPPORTUNITIES EMERGING THROUGH TECHNOLOGY For personal use only TECHNOLOGY Road network pricing opportunities Efficient road network operations Optimised traffic management Expanded customer interfaces 17
Slide 19: Technology No Longer a Barrier
TECHNOLOGY NO LONGER A BARRIER For personal use only INTRODUCED CURRENT STATE IN AUSTRALIA – CRITICAL MASS 18.5 million GPS-enabled smartphones GPS 2000: personal GPS products launched in use ON BOARD DIAGNOSTIC 2007: OBD connector mandated as 60% of vehicle fleet have an OBD connector (OBD) CONNECT
Slide 20: Road Usage Study
ROAD USAGE STUDY For personal use only 1,200 participants across the Greater Melbourne area Distance-based per Price per trip Monthly charge for a set kilometre charge number of kilometres 10 cents per km $1.30 per trip $100 for 1,000km 19
Slide 21: Questions
QUESTIONS For personal use only SCOTT CHARLTON 20
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