Slide 1: FY20 Results
RESWIETS
Slide 2: Disclaimer and Basis of Preparation
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 International Limited (ACN 121 746 825). The responsible entity of Transurban Holding Trust is
Slide 3: Contents
CONTENTS 4 17 29 37 41 FY20 SUMMARY MARKET UPDATES FINANCIAL RESULTS SUMMARY SUPPLEMENTARY INFORMATION TRANSURBAN FY20 RESULTS | 12 AUGUST 2020 3
Slide 4: FY20 Summary
FY20 SUMMARY • FY20 financial performance impacted by COVID-19—subsequent traffic (3.4%) 47.0cps improvement in Brisbane, Sydney, GWA and Montreal with Melbourne subdued due to renewed government restrictions • Performance will remain sensitive to future government responses and overall economic con
Slide 5: Group Strategy
GROUP STRATEGY To provide sustainable transport solutions that offer choice, reliability, safety, transparency and value Stakeholder Optimal Delivery and Disciplined engagement networks operations investment TRANSURBAN FY20 RESULTS | 12 AUGUST 2020 5
Slide 6: Value Creation Through the Cycle
VALUE CREATION THROUGH THE CYCLE • Twenty years of organic growth supplemented by acquisitions has resulted in a large-scale and sustainable business ADT of 2.0 million • Demonstrated resilience through the Global Financial Crisis and other periods of low GDP growth ADT of 2.2 million Business snaps
Slide 7: Organic Growth Underpinned by Core Fundamentals
ORGANIC GROWTH UNDERPINNED BY CORE FUNDAMENTALS • Despite significant impacts to traffic as a result of Population by market (millions)1 2019 TomTom Congestion Index2 COVID-19 and an uncertain near-term outlook, the core 37% 37% 38% 6.3 fundamentals of the business remain unchanged 32% 33% 5.3 30% 3
Slide 8: Continued Focus on Mobility Trends
CONTINUED FOCUS ON MOBILITY TRENDS Apple Mobility Trends—Sydney1 • Closely monitoring customer views on transport and mobility given COVID-19 40% • Findings from our Urban Mobility Trends from COVID-19 research report shows that: 20% – Commuting to the office is unlikely to disappear—86% of responde
Slide 9: COVID-19—How We Are Responding
COVID-19—HOW WE ARE RESPONDING Customer support and community Keeping construction moving Maintaining our people’s wellbeing initiatives expanded and productivity Linkt Assist Small business payment terms halved from Maintained workforce services expanded 30 to 14 days3 to support operations and opp
Slide 10: COVID-19 Traffic Impacts
COVID-19 TRAFFIC IMPACTS • COVID-19 traffic impacts observable from early March with traffic Transurban traffic by week1 decreasing as government-mandated lockdown measures were imposed • Traffic improvement from mid-April, in line with easing of restrictions, with 2.5 market-specific factors impact
Slide 11: Progressively Delivering Projects
PROGRESSIVELY DELIVERING PROJECTS • Significant year of development and delivery with 11 Project pipeline1 projects advanced throughout FY201 FY20 FY21 FY22 FY23 FY24 • Three projects completed during FY20 – In Sydney, the New M4 tunnels opened in July Rozelle Interchange (WCX Stage 3B)2 Concession
Slide 12: Industry Supporting Economic Recovery
INDUSTRY SUPPORTING ECONOMIC RECOVERY Need for private-sector investment due to record government debt levels Australian infrastructure investment need by sector, • Material and increasing levels of government spending within each of our 2020-20401 $110B pa markets to counter effects of COVID-19 $76
Slide 13: North American Opportunities
NORTH AMERICAN OPPORTUNITIES Considerable opportunities emerging in North American market with potential for Transurban to partner in pursuit of significant developments Greater Washington Area • Maryland Express Lanes Phase 1—Transurban shortlisted alongside its partners in July 2020 – Four teams s
Slide 14: Australian Asset Enhancement Opportunities
AUSTRALIAN ASSET ENHANCEMENT OPPORTUNITIES • Series of asset enhancement projects M7 widening and M7/M12 interchange which can be readily progressed in • Transurban has progressed to Stage 2 of the NSW collaboration with governments Government’s Unsolicited Proposals process1 • Asset enhancements ta
Slide 15: Australian Opportunities
AUSTRALIAN OPPORTUNITIES • Key opportunities in the Sydney market WestConnex summary continue to advance • Transurban owns 50% of Sydney Transport • Western Harbour Tunnel and Warringah Partners who own 51% of WestConnex, resulting Freeway Upgrade in an effective WestConnex ownership of 25.5%1 – Tra
Slide 16: Focus on Long-Term Business Sustainability
FOCUS ON LONG-TERM BUSINESS SUSTAINABILITY • Continued focus on long-term sustainability of the business with integration of ESG ESG recognition and affiliations include considerations across all elements of strategy, planning and operations • Continuing to invest in enhancing our position as a glob
Slide 17: NorthConnex, Sydney
NORTHCONNEX, SYDNEY
Slide 18: Sydney Market Update
SYDNEY MARKET UPDATE TOLL REVENUE AVERAGE WORKDAY FY20 performance GROWTH TRAVEL-TIME SAVINGS4 • Toll revenue increased by 2.8% including New M4 tunnels and additional M5 West interests1 2.8%1 177,000hrs • Car traffic decreased by 6.6% and large vehicles decreased by 4.9% Operations, development and
Slide 19: M8 Open and M5 East Tolling Commenced
M8 OPEN AND M5 EAST TOLLING COMMENCED • During the first month of operations, workday traffic averaged 99,000 trips in total across both the M8 and the M5 East1 • Despite the reduced congestion due to COVID-19 drivers are saving up to 30 minutes on a peak-hour trip between Liverpool and the southern
Slide 20: NorthConnex
NORTHCONNEX • Twin nine-kilometre tunnels connecting the southern end of the M1 Pacific Motorway at Wahroonga to the Hills M2 Motorway at the Pennant Hills Road interchange • Final commissioning activities underway with opening expected during the coming months • 50% owned by Transurban with diverse
Slide 21: Sydney Portfolio and Pipeline
SYDNEY PORTFOLIO AND PIPELINE Near-term asset enhancement opportunities • M7/M12 interchange • M7 staged widening • M5 Motorway Upgrade (westbound—Moorebank Avenue to Hume Highway) Potential market opportunities • Western Harbour Tunnel environmental impact statement (EIS) exhibition period closed i
Slide 22: Melbourne Market Update
MELBOURNE MARKET UPDATE TOLL REVENUE AVERAGE WORKDAY FY20 performance GROWTH TRAVEL-TIME SAVINGS2 • CityLink traffic decreased by 11.9% with Western Link impacted more significantly by COVID-19 restrictions and (8.1%) 74,000hrs resulting lower levels of airport-related traffic • Car traffic decrease
Slide 23: West Gate Tunnel Project Update
WEST GATE TUNNEL PROJECT UPDATE1 • Project now expected to be completed in 2023 • $2.3 billion of capex delivered to date on the project with $1.7 billion remaining – Progress continues on site with launching gantry now assembled above Footscray Road that will build an elevated road connecting into
Slide 24: Melbourne Portfolio and Pipeline
MELBOURNE PORTFOLIO AND PIPELINE Victorian infrastructure project updates • North East Link project—early works underway with major construction expected to commence in 2021 • Monash Freeway Upgrade Stage 2—construction started early 2020 and is scheduled for completion in 2022 TRANSURBAN FY20 RESUL
Slide 25: Brisbane Market Update
BRISBANE MARKET UPDATE TOLL REVENUE AVERAGE WORKDAY FY20 performance GROWTH TRAVEL-TIME SAVINGS1 • ADT growth of 0.4% on Logan Motorway, outperforming the Brisbane market as a result of the recently completed (1.9%) 68,000hrs Logan Enhancement Project • AirportlinkM7 traffic significantly impacted d
Slide 26: Brisbane Portfolio and Pipeline
BRISBANE PORTFOLIO AND PIPELINE Near-term asset enhancement opportunities • Gateway Motorway widening • Logan Motorway widening TRANSURBAN FY20 RESULTS | 12 AUGUST 2020 26
Slide 27: North America Market Update
NORTH AMERICA MARKET UPDATE1 TOLL REVENUE AVERAGE WORKDAY FY20 performance GROWTH TRAVEL-TIME SAVINGS4 • Declines in traffic and revenue on Express Lanes as a result of COVID-19 and the associated government restrictions (13.9%)2 19,000hrs – 95 Express Lanes traffic decrease of 8.5% and USD toll rev
Slide 28: Greater Washington Area Portfolio and Pipeline
GREATER WASHINGTON AREA PORTFOLIO AND PIPELINE 240km to Washington D.C. 130km to Richmond, VA Fredericksburg Region, Virginia Hampton Roads Region, Virginia Potential market opportunities • Phase 1 Maryland Express Lanes project—Transurban shortlisted with RFP process now underway • Elizabeth River
Slide 29: Bolte Bridge, CityLink, Melbourne
BOLTE BRIDGE, CITYLINK, MELBOURNE
Slide 30: Statutory Results
STATUTORY RESULTS FY19 ($M) FY20 ($M) • ($201 million) decrease in toll revenue across the existing Australian and North American networks as a result of restrictions in Toll revenue 2,643 2,510 movement mandated by governments in response to COVID-19 • $68 million contribution from new assets inclu
Slide 31: Proportional Results
PROPORTIONAL RESULTS FY19 ($M) FY20 ($M) % CHANGE • ($214 million) decrease in toll revenue across the existing Australian and North American networks as a result of restrictions in movement mandated by governments in response to COVID-19 Toll revenue1 2,581 2,492 (3.4%) • $111 million increase from
Slide 32: Proportional Cost Movement
PROPORTIONAL COST MOVEMENT +9.6% +3.4% 721 • Operating cost reductions driven by cost discipline and recent +2.1% initiatives providing scale benefits • Volume related costs such as 41 roaming and transaction fees have reduced in line with the reduction 680 to traffic volumes 672 8 • Maintained work
Slide 33: Proportional EBITDA Margins
PROPORTIONAL EBITDA MARGINS1 FY18 FY19 FY20 • Margins have been impacted significantly by the restrictions in movement mandated by governments in response to COVID-19. Other impacts to margins are outlined below: Sydney 80.7% 82.0% 82.0% – Sydney margin reflects liquidated damages received for the d
Slide 34: Free Cash Movement
FREE CASH MOVEMENT (3.3%) 1,527 1,476 (144) 75 (10.0%) (98) 33 1,285 1,284 212 (164) 1,156 16 19 (22) 76 (9) (8) (37) FY19 Free TQ Capital NWRG FY19 Free EBITDA Maintenance Debt Net Distributions M5 West Working PABs FY20 Free Capital TQ Capital NWRG FY20 Free FY20 Cash Release Capital Cash 100% 100
Slide 35: FY21 Free Cash Considerations
FY21 FREE CASH CONSIDERATIONS FY20 Free Cash split by 1H/2H FY21 Free Cash considerations Free Cash from 100% owned entities • Prolonged levels of subdued traffic on CityLink and GWA Express before finance costs 776 520 Lane assets to impact underlying cash flow from 100% owned (excluding Capital Re
Slide 36: Capital Summary
CAPITAL SUMMARY1 JUN 19 JUN 20 • Capital strategy remains focused on maintaining strong investment grade credit metrics, including a strong liquidity position Group debt3 $19,394M $22,118M • Successfully raised $8.6 billion2 of debt in FY20, increasing the Group’s weighted average maturity at a lowe
Slide 37: West Gate Tunnel Project, Melbourne
WEST GATE TUNNEL PROJECT, MELBOURNE
Slide 38: Outlook
OUTLOOK • Transurban expects FY21 distribution to be in line with Free Cash, excluding Capital Releases • Continued focus on the health and safety of our employees, contractors and customers • Providing customers and communities with additional financial support through enhanced programs and initiat
Slide 39: Questions and Answers
QUESTIONS AND ANSWERS
Slide 40: Investor Enquiries
INVESTOR ENQUIRIES Tess Palmer Head of Investor Relations +61 458 231 983 MEDIA ENQUIRIES Sarah Chapman Manager, Media and Communications +61 400 841 898 Transurban
Slide 41: Detailed Financials
M8, SYDNEY 01 DETAILED 02 TREASURY 03 COVID-19 04 ENVIRONMENTAL, 05 CORPORATE 06 GLOSSARY FINANCIALS TRAFFIC IMPACTS SOCIAL & OVERVIEW GOVERNANCE
Slide 42: Detailed Financials
DETAILED FINANCIALS
Slide 43: Traffic and Revenue Performance
TRAFFIC AND REVENUE PERFORMANCE JUN 20 QUARTER1 FY201 PROPORTIONAL LARGE VEHICLE PROPORTIONAL LARGE VEHICLE TOLL REVENUE ADT CAR TRAFFIC TRAFFIC TOLL REVENUE ADT CAR TRAFFIC TRAFFIC % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE Sydney2 (16.1%) (25.5%) (27.2%) (6.1%) 2.8% (6
Slide 44: Traffic and Revenue Data
TRAFFIC AND REVENUE DATA1 % LARGE JUN 19 JUN 20 VEHICLE ASSET QUARTER QUARTER % CHANGE FY19 FY20 % CHANGE TRAFFIC2 SYDNEY M2 Total Toll Revenue (M) $78 $54 (30.6%) $312 $280 (10.5%) N/A Average Daily Trips (‘000) 133 88 (33.8%) 135 118 (12.8%) 10.3% M5 West Total Toll Revenue (M) $76 $63 (17.2%) $30
Slide 45: Traffic and Revenue Data
TRAFFIC AND REVENUE DATA1 % LARGE JUN 19 JUN 20 VEHICLE ASSET QUARTER QUARTER % CHANGE FY19 FY20 % CHANGE TRAFFIC2 BRISBANE Gateway Total Toll Revenue (M) $56 $43 (22.9%) $224 $223 (0.4%) N/A Motorway Average Daily Trips (‘000) 117 82 (30.2%) 117 110 (5.8%) 29.6% Logan Motorway Total Toll Revenue (M
Slide 46: Proportional Toll Revenue by Asset
PROPORTIONAL TOLL REVENUE BY ASSET JUN 20 QUARTER ($M) FY20 ($M) OWNERSHIP 100% PROPORTIONAL 100% PROPORTIONAL M2 100% $54 $54 $280 $280 1 M5 West 100% $63 $63 $290 $254 LCT 100% $16 $16 $88 $88 CCT 100% $12 $12 $66 $66 ED 75.1% $24 $18 $139 $104 M7 50% $90 $45 $410 $205 M4 25.5% $60 $15 $280 $71 Ci
Slide 47: Statutory Results
STATUTORY RESULTS FY19 ($M) FY20 ($M) % CHANGE Toll revenue 2,643 2,510 (5.0%) Construction revenue 1,435 1,003 (30.1%) Other revenue 88 103 18.2% Total revenue 4,166 3,616 (13.2%) Employee benefit expense (230) (250) 8.7% Road operating costs (373) (388) 4.1% Construction costs (1,435) (1,003) (30.
Slide 48: Reconciliation of Statutory EBITDA to Proportional EBITDA
RECONCILIATION OF STATUTORY EBITDA TO PROPORTIONAL EBITDA FY19 ($M) FY20 ($M) % CHANGE Statutory EBITDA 1,996 1,841 (7.8%) Less: EBITDA attributable to non-controlling interest—ED (29) (26) (9.7%) Less: EBITDA attributable to non-controlling interest—TQ (176) (171) (2.5%) Less: EBITDA attributable t
Slide 49: FY20 Proportional Result by Asset
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 280 2 229 229 (78) (28) 123 3 126 100% M5 West1 254 13 227 221 (240) (28) (47) (46) (93) 100% LCT 88 -
Slide 50: FY19 Proportional Result by Asset
FY19 PROPORTIONAL RESULT BY ASSET1 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 312 2 262 262 (77) (36) 149 - 149 65.38% M5 West2 183 9 164 156 (146) (22) (12) (2) (14) 100% LCT 102
Slide 51: FY20 Net Finance Costs Paid
FY20 NET FINANCE COSTS PAID NON-CASH ITEMS STATUTORY DEBT DISCOUNT INTEREST INTEREST NET INTEREST PROPORTIONAL NET NET INTEREST FEES UNWINDS & CAPITALISATION2 OTHER3 ACCRUALS4 PAID INTEREST PAID CONTROLLED ENTITIES OWNERSHIP $M $M REVALUATIONS1 $M $M $M $M $M M2 100% (28) 3 (5) - - 12 (18) (18) M5 W
Slide 52: FY19 Net Finance Costs Paid
FY19 NET FINANCE COSTS PAID1 NON-CASH ITEMS STATUTORY DEBT DISCOUNT INTEREST INTEREST NET INTEREST PROPORTIONAL NET NET INTEREST FEES UNWINDS & CAPITALISATION3 OTHER4 ACCRUALS5 PAID INTEREST PAID CONTROLLED ENTITIES OWNERSHIP $M $M REVALUATIONS2 $M $M $M $M $M M2 100% (36) 1 12 - - (1) (24) (24) M5
Slide 53: Maintenance Provision
MAINTENANCE PROVISION MAINTENANCE EXPENSE RECOGNISED1 MAINTENANCE CASH SPEND CONTROLLED ENTITIES FY19 ($M) FY20 ($M) FY19 ($M) FY20 ($M) M2 (7) (7) (8) (7) M5 West - (3) - (1) LCT (5) (6) (5) (4) CCT (6) (6) (4) (9) CityLink (9) (19) (12) (17) 95 Express Lanes (15) (24) (1) (5) 495 Express Lanes (13
Slide 54: Free Cash Calculation
FREE CASH CALCULATION FREE CASH CALCULATION SOURCE OF INFORMATION/EXPLANATION Cash flows from operating activities Statutory Transurban Holdings Limited operating cash flow (refer Group Statutory accounts) Add back transaction and integration costs related to Transaction and integration related cash
Slide 55: Free Cash
FREE CASH RECONCILIATION OF STATUTORY CASH FLOW FROM OPERATING ACTIVITIES TO FREE CASH FY19 ($M) 1H20 ($M) 2H20 ($M) FY20 ($M) FY19 FY20 % CHANGE Cash flows from operating activities 1,197 678 453 1,131 Free Cash $1,527M $1,476M (3.3%) Add back transaction and integration costs related to Weighted a
Slide 56: Reconciliation of Proportional EBITDA to Free Cash
RECONCILIATION OF PROPORTIONAL EBITDA TO FREE CASH FY20 ($M) COMMENTS Proportional EBITDA 1,874 Refer to slide 31 for further detail Significant items 14 Includes transaction and integration costs relating to acquisitions Proportional net finance costs paid (cash) (701) Refer to slide 51 for further
Slide 57: Development Pipeline
DEVELOPMENT PIPELINE SPEND FY20 TO-DATE1 SPEND1 FY21 FY22 FY23 FY24 COMMITTED PROJECTS / PROJECTS $320M $50M LOGAN ENHANCEMENT PROJECT—Brisbane ($320M)—COMPLETE UNDER CONSTRUCTION2 USD460M USD200M 395 EXPRESS LANES—GWA (USD475M)—COMPLETE $1,220M $230M NORTHCONNEX—Sydney ($1.3B) NEW M4 TUNNELS (WCX S
Slide 58: Transurban Tax Groups—Estimated Timing
TRANSURBAN TAX GROUPS—ESTIMATED TIMING Tax group FY20 EBITDA (excluding FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29+ significant items) as Timing is indicative only and not shown by month. proportion of Transurban Group proportional EBITDA WestConnex 4% Currently paying tax: Each stage becomes taxa
Slide 59: Treasury
TREASURY
Slide 60: Funding Structure at 30 June 2020
FUNDING STRUCTURE AT 30 JUNE 2020 Transurban3 BBB+/Baa1/A- Non-Recourse Corporate Sydney Brisbane North America Working EMTN capital2 €3.8B $3.2B 495 Express 95 Express M23 LCT CCT ED3 M73 M5 West WCX TQ3 A25 Lanes Lanes3 Letter of Maple Credit -/A2/A- -/A3/A- BBB/-/- BBB/-/BBB CAD0.7B USD0.2B -/A2/
Slide 61: Group Debt at 30 June 2020
GROUP DEBT AT 30 JUNE 2020 FACILITY FACILITY FACILITY PROPORTIONAL STATUTORY TOTAL FACILITY ($M)2 TOTAL DRAWN ($M)2 (USD M)1 (CAD M)1 ($M)1 DRAWN ($M)2 DRAWN ($M)3 CORPORATE DEBT2 Working capital facilities4 - - 3,180 3,180 100 100 100 USPP 162 - 300 537 537 537 563 EMTN (CAD, NOK and EUR Notes) 305
Slide 62: Drawn Debt
DRAWN DEBT1 30 JUN 19 30 JUN 20 MOVEMENT AUD2 ($M) ($M) ($M) EXPLANATION Issuance of $570 million Euro Private Placement, $1,082 million Eurobond issuance and $250 million Eurobond tap, less Corporate 5,094 6,877 1,783 maturity of $219 million USPP. Drawdown of $100 million under working capital fac
Slide 63: Key Debt Metrics
KEY DEBT METRICS 30 JUNE 2019 30 JUN 2020 TRANSURBAN TRANSURBAN GROUP CORPORATE NON-RECOURSE GROUP CORPORATE NON-RECOURSE 3 Weighted average maturity (years)1,2 8.3 years 6.4 years 9.5 years 8.4 years 6.7 years 9.7 years4 Weighted average cost of AUD debt1,2 4.6% 5.0% 4.3% 4.4% 4.7% 4.1% Weighted av
Slide 64: Extension of Group Debt Maturity Profile
EXTENSION OF GROUP DEBT MATURITY PROFILE June 2019 maturity profile1,2 9,000 Existing debt 8,000 refinanced during 7,000 FY20 6,000 $ MILLION 5,000 4,000 3,000 2,000 1,000 - FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 - 30 FY31 - 35 FY36+ June 2020 maturity profile1,2 9,000 New debt raised 8,000 during
Slide 65: Corporate Debt Maturities at June 2020
CORPORATE DEBT MATURITIES AT 30 JUNE 2020 Working capital facilities USPP EMTN 144A Letters of credit facilities 2,000 1,800 1,600 219 1,400 194 237 833 1,200 $ MILLION 799 1,000 843 211 800 1,661 1,332 600 1,250 733 866 400 206 825 825 706 570 200 280 92 94 - FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28
Slide 66: Non-Recourse Debt Maturities at June 2020
NON-RECOURSE DEBT MATURITIES AT 30 JUNE 2020 TQ ED M2 M5 M7 LCT CCT M4 M8 / M5 East M4-M5 495 95 A25 5,000 4,500 356 4,000 223 3,500 3,000 $ MILLION 611 2,500 2,784 2,000 2,000 1,499 2,000 1,500 50 200 40 33 1,000 100 345 706 98 255 295 600 535 26 447 280 500 85 92 400 386 947 274 804 487 752 54 166
Slide 67: Hedging Profile
HEDGING PROFILE Transurban interest rate hedging profile1,2 30 JUN 19 30 JUN 20 35,000 Interest rate hedged3 100% 98.9% Currency hedged4 97.3% 98.8% 30,000 25,000 20,000 $ MILLION 15,000 10,000 5,000 - FY20 FY22 FY24 FY26 FY28 FY30 FY32 FY34 FY36 FY38 FY40 FY42 FY44 FY46 FY48 North America Sydney Br
Slide 68: Diversified Funding Sources
DIVERSIFIED FUNDING SOURCES Group debt as at 30 June 20202 Debt funding activities BANK DEBT Major debt issuances1 during FY20: AMTN • $1,650 million working capital facility at Corporate AUD PRIVATE PLACEMENT • $1,530 million bilateral facilities at Corporate CAD NOTES • $1,902 million EUR Notes at
Slide 69: COVID-19 Traffic Impacts
COVID-19 TRAFFIC IMPACTS
Slide 70: Monthly Traffic Performance by Asset
MONTHLY TRAFFIC PERFORMANCE BY ASSET1 Transurban M4 M5 West M7 CCT M2 ED LCT CityLink Logan Gateway Legacy Clem7 GBB AirportlinkM7 A25 95 495 Group 2 10% 3% 5% 5% 0% (9%) (3%) (4%) (12%) (12%) (12%) (5%) (5%) (14%) (14%) (14%) (7%) (7%) -10% (16%) (16%) (16%) (17%) (17%) (17%) (18%) (19%) (20%) (20%
Slide 71: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE
Slide 72: FY20 Sustainability Outcomes
FY20 SUSTAINABILITY OUTCOMES Our sustainability strategy has four pillars and is aligned to nine United Nations Sustainable Development Goals most relevant to our business People Planet Places Partnerships Make life better Use resources wisely Build better transport Lead and unite • Outperformed Roa
Slide 73: Climate Change Action
CLIMATE CHANGE ACTION Scope 1 and 2 emissions1 Scope 3 emissions1 Energy usage • Target to reduce our absolute Scope 1 and 2 • Our supply chain • Target to reduce energy use by 10% by 2023, emissions by 50% by 20302 – Target to reduce the carbon compared to 2013 levels – Emissions have decreased on
Slide 74: Health and Safety
HEALTH AND SAFETY Our people safety Contractor safety Road safety • Continued focus on developing personal • Lowest contractor Recordable Injury • Lowest RICI we have recorded at 3.70 accountability for HSE and management of Frequency Rate (RIFR) we have recorded of • Improved performance mainly due
Slide 75: Corporate Overview
CORPORATE OVERVIEW
Slide 76: Summarised Group Structure
SUMMARISED GROUP STRUCTURE TRANSURBAN HOLDINGS LIMITED TRANSURBAN HOLDING TRUST TRANSURBAN INTERNATIONAL LIMITED CORPORATE ENTITIES ROAD/OPERATING ENTITIES OTHER ENTITIES ROAD/OPERATING ENTITIES CORPORATE ENTITIES Including: Companies operating Including: Companies operating and maintaining roads Tr
Slide 77: Asset Portfolio at 30 June 2020
ASSET PORTFOLIO AT 30 JUNE 2020 MELBOURNE SYDNEY OVERVIEW CITYLINK M5 WEST3 M2 M4 ED M7 LCT CCT Opening date Dec 2000 Aug 1992 May 1997 May 1992 Dec 1999 Dec 2005 Mar 2007 Aug 2005 Remaining concession period1 25 years2 6 years 28 years 41 years 28 years 28 years 28 years 15 years Concession end dat
Slide 78: Asset Portfolio at 30 June 2020
ASSET PORTFOLIO AT 30 JUNE 2020 BRISBANE NORTH AMERICA GATEWAY LOGAN GO BETWEEN LEGACY AIRPORTLINK 495 EXPRESS 95 EXPRESS OVERVIEW MOTORWAY MOTORWAY CLEM7 BRIDGE WAY M7 LANES5 LANES6 A257 Opening date Dec 1986 Dec 1988 Mar 2010 Jul 2010 Jun 2015 Jul 2012 Nov 2012 Dec 2014 May 2011 Remaining concessi
Slide 79: Future Concession Assets
FUTURE CONCESSION ASSETS1 SYDNEY MELBOURNE WEST GATE OVERVIEW NORTHCONNEX M82 M5 EAST3 M4-M5 LINK ROZELLE INTERCHANGE TUNNEL Concession end date Jun 2048 Dec 2060 Dec 2060 Dec 2060 Dec 2060 Jan 2045 PHYSICAL DETAILS Length—total 9 km 11 km 10 km 7.5 km 5 km6 17 km Length—surface - 2 km 5.5 km - - 10
Slide 80: Tolling Escalation
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 Gate Tunnel1 construction completion to 30 June 2029 and quarterly CPI thereafter LCT Car tolls escalate
Slide 81: Glossary
GLOSSARY
Slide 82: Glossary
GLOSSARY TERM DEFINITION TERM DEFINITION 95 95 Express Lanes ED Eastern Distributor 395 395 Express Lanes EIS Environmental Impact Statement 495 495 Express Lanes EMTN Euro Medium Term Note 1H/2H First or second half of a financial year ESG Environmental, Social and Governance A25 A25 toll road EUR
Slide 83: Glossary
GLOSSARY TERM DEFINITION TERM DEFINITION LEP Logan Enhancement Project QC Quebec, Canada LINKT Transurban’s retail tolling brand QLD Queensland, Australia LinktGO LinktGO is a GPS mobile tolling app RFP Request for Proposals M2 Hills M2 RICI Road Injury Crash Index. Serious road injury (an individua