Transurban Group Strategy Overview
DEBT FUNDING SUMMARY
30 JUN 21
June 2021 maturity profile
TRANSURBAN
GROUP
CORPORATE
NON-
RECOURSE
10,000
Weighted average maturity (years)1,2
Weighted average cost of AUD debt¹
7.7 years
7.1 years
8.2 years³
9,000
4.1%
4.4%
3.9%
8,000
Weighted average cost of USD debt¹
4.5%
4.6%
4.5%
7,000
Weighted average cost of CAD debt¹
5.0%
4.6%
5.5%
Hedged 1,2,4
99.8%
100.0%
99.7%
Gearing (proportional debt to
$ MILLION 7,8
6,000
5,000
4,000
→ 3,000
34.3%
enterprise value)1.2,5
2,000
FFO/Debtб
8.9%
1,000
Corporate senior interest cover ratio
2.8x
(historical ratio for 12 months)
Corporate debt rating
(S&P/Moody's/Fitch)
BBB+/Baa1/A-
FY21
FY22
FY23
FY24
FY25
New debt raised during FY21
FY26
Transurban
FY27 FY28-30 FY31-35 FY36+
1. Calculated using proportional drawn debt exclusive of letters of credit. Calculated in effective currency after hedging. CAD, CHF, EUR, NOK and USD debt converted at the hedged rate where cross currency swaps are in place.
2. USD debt is converted at the spot exchange rate (0.7522 at 30 June 2021) where no cross-currency swaps are in place. CAD debt is converted at the spot exchange rate (0.9317 at 30 June 2021) where no cross-currency swaps are in place.
3. The weighted average maturity of Australian non-recourse debt is 7.0 years at 30 June 2021.
4. Hedged percentage comprises fixed rate debt and floating rate debt that has been hedged and is a weighted average of total proportional drawn debt, exclusive of issued letters of credit.
5. Calculated using proportional debt to enterprise value, exclusive of issued letters of credit. Security price was $14.23 at 30 June 2021 with 2,738 million securities on issue at 30 June 2021.
6. Based on S&P methodology (see Glossary for definition).
7. The full value of available debt facilities is shown. Debt is shown in the financial year in which it matures.
8. Debt values are shown in AUD as at the reported date. CAD, CHF, EUR, NOK and USD debt converted at the hedged rate where cross currency swaps are in place. USD debt is converted at the spot exchange rate (0.7522 at 30 June 2021) where
no cross currency swaps are in place. CAD debt is converted at the spot exchange rate (0.9317 at 30 June 2021) where no cross currency swaps are in place.
TRANSURBAN OVERVIEW | AS AT 30 JUNE 2021
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