Transurban Group (TCL) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

thank you and good morning everyone and thank you for joining us at transurbans 2024 half year results briefing our roads and offices sit on the lands of many first nations people so i'd like to acknowledge the traditional owners of the land and recognize their connection to land waters and the community i'm pleased to be joined today by our cfo henry byrne and together we'll take you through the presentation that we lodged with the ASX this morning. Today's presentation should take about 25 minutes and then we'll have time for questions. Well, today is my sixth results announcement at Transurban and I've now been in the CEO role since late October. I've been out meeting with many of our stakeholders and spent time with our people across all markets. We have great foundations and a lot of opportunity ahead. And over the past three to four months, I've been very focused on three things. Firstly, maintaining our momentum. We achieved traffic growth across all markets as our cities continue to grow, and we've been very diligent on our costs. This improved EBITDA margins by 110 basis points to 74%. Secondly, I've been making sure we're set up to take advantage of our growth opportunities. This is a business with attractive underlying drivers. It starts with the very strong population growth expected in our home markets over the next 20 years. We believe that we can continue to help our cities grow as long as we provide and demonstrate clear value to our customers and partners. And that's why my third area of focus has been the expectations of our customers, our government partners and the community. This means engaging better with our government partners, delivering travel time savings and safety benefits and continually enhancing the value we offer our customers. It als...