Creating Stakeholder Value
Long-term growth
Building a long-term sustainable business model
Disciplined investment from 7 to 21 assets over the last decade has
resulted in a weighted average concession life of ~30 years
Average weighted average concession life of -27 years for the last decade
through balancing distributions growth with active management of the
portfolio
Commissioning of new assets has resulted in the growth of total
concession life across the portfolio in seven of the last ten years, with
additions far exceeding declines
Weighted Average Concession Life¹ (years)
Total net concession life contribution from new assets¹
Years
Transurban
Queensland
acquisition
200
495 Express Lanes
commissioning
Legacy Way
AirportLink M7
acquisition
M8/M5 East
NorthConnex
M4 Tunnels
commissioning
150
100
50
0
-50
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
40
40
30
20
10
Free Cash ($M)
Balancing near-term returns with long-term investment
2500
2000
1500
1000
500
5
st
0
FY11 FY12 FY13 FY14 FY15 FY16 FY17
Weighted Average Concession Life (years)
FY18 FY19 FY20 FY21
Average over last ten years
0
FY12
FY13
FY14
FY15
FY16
Free Cash
FY17
FY18
FY19
FY20
FY21
Total Shareholder Return (indexed)
1. Pro-forma remaining concession life as at 30 June 2021 with each concession weighted based on the contribution to Transurban's total proportional revenue for FY21 in each concession's respective region as reported in Transurban's
audited financial statements. Ownership proportions of the M4, M8/M5 East and M5 West are adjusted for Transurban's proportional ownership stake of 50.0% in WestConnex, with M5 West concession life post-December 2026.
Transurban
TSR (indexed from FY11)
31View entire presentation