Transurban Group (TCL) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Transurban first half 2025 results call. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Craig Stafford, General Manager, Investor Relations. Please go ahead. Good morning everyone and thank you for joining us for Transurban's 2025 half-year results briefing. Transurban acknowledges the traditional owners of the land throughout Australia and we pay respects to elders past and present. We acknowledge our roads and infrastructure are built on country And with deep respect, we incorporate the voices of First Nations people in our approach, supporting equitable access to mobility across communities. We're joined today by our CEO, Michelle Jabco, and CFO, Henry Byrne, and together they'll take you through the presentation that we lodged with the ASX earlier this morning. We realise today is a busy reporting day. The presentation should take about 20 minutes and there'll be plenty of time for Q&A. Depending on the questions, we'll look to try and wrap up early and give you back some time. I'll hand over to Michelle to get us started. Thanks, Craig, and good morning to everyone on the call. Today's results reflect the hard work we've undertaken to unlock the operational performance of our business. We've achieved strong momentum in the first half of 2025. Traffic is up across all markets. Costs have been well managed, driving a 10% increase in free cash for the half. At the same time, we've remained focused on investing in tangible benefits for our customers, strengthening our government partne...