Transurban Group (TCL) Q2 2024 Earnings Call

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WEBVTT 00:00:01.263 -- 00:00:06.471 thank you and good morning everyone and thank you for joining us at transurbans 00:00:06.471 -- 00:00:10.674 2024 half year results briefing 00:00:11.379 -- 00:00:16.767 our roads and offices sit on the lands of many first nations people so i'd like to acknowledge 00:00:16.767 -- 00:00:21.634 the traditional owners of the land and recognize their connection to land waters and 00:00:21.634 -- 00:00:23.755 the community 00:00:24.739 -- 00:00:29.785 i'm pleased to be joined today by our cfo henry byrne and together we'll take you 00:00:29.785 -- 00:00:34.709 through the presentation that we lodged with the ASX this morning. 00:00:35.372 -- 00:00:41.678 Today's presentation should take about 25 minutes and then we'll have time for questions. 00:00:43.343 -- 00:00:48.310 Well, today is my sixth results announcement at Transurban and I've now been in the CEO 00:00:48.310 -- 00:00:51.191 role since late October. 00:00:52.035 -- 00:00:56.762 I've been out meeting with many of our stakeholders and spent time with our people across 00:00:56.762 -- 00:00:59.062 all markets. 00:00:59.920 -- 00:01:05.025 We have great foundations and a lot of opportunity ahead. 00:01:05.128 -- 00:01:10.894 And over the past three to four months, I've been very focused on three things. 00:01:11.738 -- 00:01:15.301 Firstly, maintaining our momentum. 00:01:15.965 -- 00:01:21.634 We achieved traffic growth across all markets as our cities continue to grow, and 00:01:21.634 -- 00:01:24.997 we've been very diligent on our costs. 00:01:24.997 -- 00:01:30.921 This improved EBITDA margins by 110 basis points to 74%. 00:01:33.165 -- 00:01:39.870 Secondly, I've been making sure we're set up to take advantage of our growth opportunities. 00:01:40.793 -- 00:01:44.896 This i...