Atlas Arteria · ASX:ALX
Atlas Arteria — Shareholder Meeting (April 2019)
21 slides from Atlas Arteria's shareholder meeting presentation, Apr 17, 2019
Slide 1: Atlas Arteria 2019 Annual General Meeting
Atlas Arteria 2019 Annual General Meeting 17 April 2019
Slide 2: Important notice and disclaimer
Important notice and disclaimer Disclaimer Atlas Arteria (ALX) comprises Atlas Arteria Limited (ACN 141 075 201) (ATLAX) and Atlas Arteria International Limited (Registration No. 43828) (ATLIX). This presentation has been prepared by ALX based on information available to them. No representation or w
Slide 3: Chairperson's Address
1 Chairperson’s Address
Slide 4: 2018 Highlights
Atlas Arteria 2018 Highlights 2018 – transformative for ALX 1H18 2H18 Distribution Traffic ▲1.5% Distribution MIBL Revenue ▲4.1% Refinancing 30% Warnow EBITDA ▲4.8% Tunnel Mar May Sept Nov Apr Jun Oct Dec Internalisation Board Proposal renewal Appointment of Board CEO Elect renewal APRR Bond issuanc
Slide 5: ALX distribution growth
ALX distribution growth Continued growth in distributions since 2013 ALX distributions (cps) 24.0 cents per security (cps) distribution paid in 2018 up 20% on 2017 12.015.0 30.0 cps distribution guidance for 2018 1H 2H Guidance up 25% on 2018 12.0 15.0 cps 1H19 distribution paid in April 10.0 9.0
Slide 6: ALX Security Price Performance
ALX Security Price Performance Enhanced portfolio value demonstrated through 31% CAGR in the security price ALX security price performance sinceinception 8.00 7.00 6.00 5.00 4.00 SECURITY PRICE ($) Total security price performance 3.00 2.00 31% CAGR since inception1 1.00 0.00 2010 2011 2012 2013 201
Slide 7: Delivery of Internalisation
Atlas Arteria Delivery of Internalisation Securityholder approval for Internalisation Approved 15 May 2018 Macquarie performance fees Final payment made for 30 June 18 Internalisation of management to be achieved by 15 May 2019 Achieved on 1 April 2019 Macquarie base management fees to continue to 1
Slide 8: ALX Board renewal
ALX Board renewal The ATLAX Board comprises five directors and the ATLIX Board comprises four directors. Each Board has a diverse range of backgrounds and experience. Mr David Bartholomew appointed to the ATLAX Mr Jean-Georges Malcor appointed to the Board on 1 October 2018 ATLAX Board on 1 November
Slide 9: ALX Internalisation – Management team
ALX Internalisation – Management team Strong Senior Management Team with corporate offices in Melbourne and Luxembourg Graeme Bevans Chief Executive Officer Clayton McCormack Vincent Portal- Nadine Lennie General Counsel & Chief Financial Officer Barrault Company Secretary Chief Operating Officer Pa
Slide 10: Sustainability
Sustainability ALX is committed to ensuring environmental, social and governance risks are identified, assessed and managed responsibly at both the ALX corporate level and at the portfolio companies Safety Climate Change & the Environment People & Diversity Supply Chain Community Technology Source:
Slide 11: Vision
2019 Annual General Meeting Vision… To enhance the economic and environmental efficiency of communities through the ownership and operation of safe and efficient transport solutions And by doing so to… Deliver growing distributions and enhance the value of our businesses for the benefit of our share
Slide 12: CEO's Address
2 CEO’s Address
Slide 13: Management team post internalisation
Management team post internalisation Graeme Bevans, Chief Executive Officer • Commenced May 2018 • Strong track record in infrastructure investment globally • Lead CPPIB and IFM infrastructure businesses delivering outstanding investment performance • Deep experience with complex investments in Aust
Slide 14: Management team post internalisation
Management team post internalisation Vincent Portal-Barrault, Chief Operating Officer • Commenced with ALX in December 2018 • Joined from Macquarie Group in France and brings exceptional knowledge of APRR, having been responsible for the management of APRR for the past six years • Proven track recor
Slide 15: The Atlas Arteria Business
The Atlas Arteria Business Recent acquisition of the remaining 30% equity interest in Warnow Tunnel is consistent with our strategy of portfolio simplification 2018 Proportionate EBITDA Contribution Atlas Arteria Business Portfolio ADELAC Warnow 2% 1% Dulles 12% APRR ADELAC 25% 25% Dulles Greenway W
Slide 16: 2018 Business Performance
2018 Business Performance GROUP APRR ADELAC DULLES WARNOW Traffic 2.2% 1.2% 4.5% 10.5% 1.5%1 Revenue 4.7% 3.1% 1.4% 13.4% 4.1%2 EBITDA 4.8%2 5.6% 3.5% 1.5% 16.2% 1Weighted average based on portfolio revenue attribution based on ALX’s beneficial interest in the businesses over the period. 2Calculated
Slide 17: APRR Overview
APRR Overview APRR is the concessionaire of a 2,318km motorway network in France ALX ownership 25.00% APRR Concession Expiry: Nov 2035 Road Length: 1,891km AREA Concession Expiry: Sep 2036 Road Length: 408km ADELAC Concession Expiry: Dec 2060 Road Length: 20km RCEA Page 17
Slide 18: Dulles Greenway Overview
Dulles Greenway Overview Dulles Greenway is a 22km toll road in Loudoun County, northern Virginia in the United States 100% Economic Ownership Concession expiry February 2056 Corridor dynamics Key commuter route connecting Leesburg to the greater Washington D.C. area. Loudoun County remains one of t
Slide 19: Dulles Greenway Development
Dulles Greenway Development Local network developments have resulted in continued traffic volatility Corridor Network Changes 2017-2018 Currently assessing 15 Upgrades to Belmont options to address Ridge / Route 7 western-end congestion Interchange, including the during afternoon peak due widening o
Slide 20: Strategic Framework
Strategic Framework Successfully complete the transition to internal management Manage the business and build value • Streamline the current structures where possible • Disciplined capital management to build sustainable distributions • Active operational management • Lengthen the tenure of our aver
Slide 21: atlasarteria.com
atlasarteria.com Page 21