Transurban Group (TCL) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Transurban Group FY24 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 Miss Tareen Chua, Senior Manager, Investor Relations. Please go ahead. Thanks, Mel. Good morning, everyone, and thank you for joining us at Transurban's 2024 full year 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 are built on country. With deep respect, we incorporate the voices of First Nations peoples 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 this morning. Today's presentation should take about 30 minutes and then we'll have plenty of time for questions. I'll now hand over to Michelle to get us started. Thanks, Tareen, and good morning to everyone on the call. I'm really pleased with the way in which we've delivered this set of results today. We've delivered strong free cash generation, driving distribution growth of 7%. Revenue is up almost 7% and traffic has grown in each market. Importantly, we've been very disciplined on costs, outperforming our guidance and improving margins. And alongside the result itself, I really feel we're seeing evidence of our strategy coming together. We've announced a new major road upgrade for the Logan Motorway in Queensland. We're engaging constru...