Investor Presentaiton
2021 INVESTOR DAY
Free Cash Flow methodology
Across our key scenarios, we consider how Aurizon's businesses could be impacted and what
Free Cash Flow levers are available
COMMODITY VOLUME SCENARIOS
AURIZON.
TRANSLATED INTO FREE CASH FLOW IMPLICATIONS BASED ON MODELLING OF
KEY AURIZON BUSINESS CHARACTERISTICS
OPEX
Met.
VS
Thermal
VS
Bulk
Contract /
Corridor
Dynamics /
Economics
regulatory
structure
and fleet
options
1 Commodity Strong
2 Current Economics
3 Port Constrained Australia
4
Mine/regulatory
constrained Australia
5 Carbon Constrained Asia
6 Rapid Decarbonisation
Scenarios 2, 4, 5 & 6 used for
FCF modelling
A Australian coal resilience
B Aurizon regulated/contracted
revenue
C Aurizon cost base flexibility
D Aurizon fleet versatility
D
Volume
Revenue
CAPEX
E Aurizon Bulk counter-cyclicality (Growth
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