Transurban Group Ltd. · ASX:TCL
Transurban — Corporate Update (April 2020)
16 slides from Transurban's corporate update, Apr 1, 2020
Slide 1: Trading Update and Revised Distribution Guidance
asx release 1 April 2020 TRADING UPDATE AND REVISED DISTRIBUTION GUIDANCE Transurban today provides the attached trading update on recent company performance and positioning in light of COVID-19, including the initial impacts of shutdowns recently enacted by governments across our markets. Revised D
Slide 2: Transurban | 1 April 2020
TRANSURBAN | 1 APRIL 2020
Slide 3: Disclaimer
DISCLAIMER 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 Infrastructur
Slide 4: Clear Priorities
CLEAR PRIORITIES Transurban Above all else, we Our roads are fully We have a range We continue to operates essential will do everything operational and of measures in operate our infrastructure and we can to keep our we will continue to place to support business safely is clear on its employees, get
Slide 5: Government Responses
GOVERNMENT RESPONSES Australia (Melb / Syd / Bris) USA (Greater Washington Area) Canada (Montreal) Measures across the eastern seaboard have been USA Canada substantially coordinated through national MANDATORY GOVERNMENT MEASURES 11 March 2020 16 March directives International travel (excluding Grea
Slide 6: Operations
OPERATIONS Pre-existing systems and CURRENT STATUS processes • COVID-19 Emergency Strategy Team chaired by the CEO managing business continuity and stakeholder • Significant investment in engagement technology to allow for • Initiatives in place to keep networks running in each market under a range
Slide 7: Customers and Community
CUSTOMERS AND COMMUNITY Pre-existing systems and CURRENT STATUS processes • Extra investment to support our vulnerable customers, small businesses and other members of the • Significant long-term community including those whose employment has been impacted and other frontline personnel investment in
Slide 8: Delivery Update
DELIVERY UPDATE The health and safety of our delivery workforce is the highest priority. We continue to work closely with our project partners to actively monitor and assess the situation and test that appropriate measures are implemented to keep workers safe and well NEW M5 NORTHCONNEX FREDERICKSBU
Slide 9: West Gate Tunnel Update
WEST GATE TUNNEL UPDATE Progress update TUNNELLING UPDATE Anticipated PFAS levels in WGTP tunnel alignment • Project schedule remains under review 139 – • The D&C subcontractor is running a Fiskville, Victoria2 • The D&C subcontractor has purported to 3320 tender process to secure sites for safe ter
Slide 10: Traffic Update
TRAFFIC UPDATE • COVID-19 traffic impacts observable from Recent traffic data (ADT % change)1 1H20 REVENUE BY early March with weekly traffic JAN FEB MAR MAR MAR MAR MAR MAR MARKET CONTRIBUTION4 deteriorating through the month 20 20 MTD WK 1 WK 2 WK 3 WK 4 QTD NSW (0%) (2%) (11%) (1%) (2%) (10%) (29
Slide 11: Traffic Update
TRAFFIC UPDATE • The extent and duration of impacts to traffic will be • Other countries more advanced in COVID-19 virus and government dependent on measures taken by governments in response response provide insight to different scenarios to the COVID-19 virus • Chinese highway congestion levels ind
Slide 12: Capital Update
CAPITAL UPDATE • Sufficient liquidity to meet capital Capital sources and uses from April 2020 to June 2021 requirements and debt refinancing obligations to end of FY21 with existing CAPITAL SOURCES $ BILLION CAPITAL USES $ BILLION balance sheet capacity, and in the absence of 1 2 Corporate (100%) C
Slide 13: Distribution
DISTRIBUTION • Withdrawal of existing FREE CASH CALCULATION distribution guidance for 2H20 (previously 31.0 cps) Cash flows from operating activities (refer Group Statutory accounts) due to the current uncertainty in trading Add back transaction and integration costs related to acquisitions outlook
Slide 14: Debt Position
DEBT POSITION • Contractual close of $815 million of non-recourse debt in the Asian loan Group debt as at 31 December 20193 market on M2 in March 20201 • New working capital facilities for general corporate purposes progressed; $1.3 billion secured in March 2020 • Transurban’s debt book is 97.5% cur
Slide 15: Summary
SUMMARY • Transurban’s priority is keeping our employees, contractors and customers Portfolio characteristics supporting resilience to healthy and safe through this challenging period disruption: • Our roads are fully operational and playing an essential function to move • Geographic diversification
Slide 16: Glossary
GLOSSARY TERM DEFINITION TERM DEFINITION 395 395 Express Lanes GWA Greater Washington Area meaning northern Virginia, Washington D.C., areas of Maryland 1H/2H First or second half of a financial year and the surrounding metropolitan area th A25 A25 toll road K-12 Kindergarten to 12 Grade ABN Austral