Transurban Group (TCL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining us for Transurban's first half 26 results briefing. Transurban acknowledges the traditional owners of the lands throughout Australia and we pay respect to elders past and present. We acknowledge our roads and infrastructure, our built on country and with deep respect we incorporate the voices of First Nation peoples in our approach supporting 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've lodged with the ASX this morning. We realise it's a really busy day today. The presentation should take about 20 minutes. That will leave us plenty of time for Q&A, and we'll do our best to get you to your next obligations. I'll now hand over to Michelle to get us started. Thanks, Craig, and good morning to everyone on the call. Over the past two years, we've been very deliberate in strengthening our foundations to set ourselves up for the next phase of growth, strongly focused on long-term value creation. We adapted our formula to reflect a world of higher interest rates and cost of living. And we've looked to reset our position as a partner of choice for government. We've had three big opportunities to do this. New South Wales toll reform, delivering the Westgate Tunnel project, and by investing in our 11.3 million customers, our most important asset. All while delivering the strong organic growth our security holders expect from their significant capital investments. And I'm really pleased with the momentum on all fronts. Starting with our numbers, we grew revenue by 6% with traffic growing in all markets. We've worked hard to generate more value from the business we have. We have a much stronger top line in ...