Governance and risk
Directors' Report
Financial statements
Assurance statements
Security holder information
Introduction Business performance Stakeholders Sustainability
Contents
Glossary
95/ I-95
ED
95 Express Lanes I-395 Express Lanes I-495 Express Lanes
Eastern Distributor
395/ I-395 495/ I-495
EEIO ERM ESG
Environmentally Extended Input-Output
Enterprise Risk Management
A25 motorway 1
A25
Environmental, Social and Governance
AASB ABN
EV
Australian Accounting Standards Board
Electric vehicle
FFO/DEBT
Australian business number Australian company number
Based on S&P methodology. FFO is calculated as statutory EBITDA (where EBITDA equals revenue minus operating expenses, net of maintenance provision) plus distributions from investments; minus interest paid, tax paid, and stock compensation expense. Debt is calculated as statutory drawn debt net of cash, foreign currency hedging and other liquid investments. FFO/Debt calculation methodologies may be subject to adjustments in future periods Free Cash is the primary measure used to assess the cash performance of the Group
ACN ADT
Average Daily Traffic is calculated by dividing the total number of trips on each asset (transactions on CityLink and West Gate Tunnel) by the number of days in the period. For new assets, the count of days begins at the commencement of tolling. Average daily trip growth rates reflects, in part, the financial performance of toll revenue
FREE CASH/FCF
AGM
Annual General Meetings
AI
Artificial intelligence
FX FY
Foreign Exchange
AMTN
Australian medium term note Audit and Risk Committee
Financial year 1 July to 30 June
ARC
GBP
Great Britain Pound or Pound Sterling
ARSN ASIC ASRS
Australian registered scheme number
GEARING
Calculated using proportional debt to enterprise value, exclusive of issued letters of credit The difference between the mean or median pay of women and men
Australian Securities and Investments Commission Australian Sustainability Reporting Standards
GENDER PAY GAP
ASX ATO AUD
Australian Securities Exchange Australian Taxation Office
GHG
Greenhouse gas
Australian dollar
GRI
Global Reporting Initiative
BOARD
The boards of Transurban Holdings Limited, Transurban International Limited and Transurban Infrastructure Management Limited as the responsible entity of Transurban Holding Trust have common directors and meet concurrently, and are collectively referred to as the Board
GROUP or TRANSURBAN GROUP
Reference to Transurban Holdings Limited, Transurban International Limited and Transurban Infrastructure Management Limited as the responsible entity of Transurban Holding Trust and their controlled entities Greater Washington Area meaning Northern Virginia, Washington DC, areas of Maryland and the surrounding metropolitan area
GWA
CAD
Canadian dollar
CAGR
Compound Annual Growth Rate
CAPITAL RELEASES
The injection of debt into Transurban assets, thereby releasing equity
HCV HOT
Heavy commercial vehicle
High occupancy toll
CAVs CCAP
Connected and automated vehicles Climate Change Adaptation Plan
HSE/HSSE
Health, Safety and Environment/Health, Safety, Sustainability and Environment International Financial Reporting Standards
CCT CDP
Cross City Tunnel
IFRS IMF iRAP
CDP (formerly the Carbon Disclosure Project) is a non- profit organisation that facilitates environmental impact disclosures
International Monetary Fund
International Road Assessment Programme
IS JV
Infrastructure Sustainability
CEO CFO CHF
Chief Executive Officer Chief Financial Officer
Joint Venture
KMP
Key Management Personnel Key Performance Indicator
Swiss Franc
KPI
CORPORATE SICR
Senior Interest Coverage Ratio means for any period, the ratio of Net Group Cash Flow to Group Finance Costs for such period Consumer Price Index. Refers to Australian CPI unless otherwise stated
LA CAISSE
Caisse de dépôt et placement du Québec
LCT LCV
Lane Cove Tunnel
Light commercial vehicle
CPI
LINKT
Transurban’s retail tolling brand Large-scale Generation Certificates
LGC
CPP INVESTMENTS BOARD
Canada Pension Plan Investment Board
LTI
Long term incentive
CPS
Cents per stapled security Climate Transition Action Plan
LOGAN WEST UPGRADE LONG TERM
Logan West Upgrade Project
CTAP
Refers to time horizons of 20 years, except in relation to climate-related risks and opportunities. Refer to the Sustainability Report (Climate Statements) for more information
DC District of Columbia, United States of America DECARBONISATION The reduction or elimination of carbon emissions DISTRIBUTIONS FCF COVERAGE Ratio of Free Cash Flow to distributions declared, expressed as a percentage. DPS Distribution per stapled security DRP Distribution Reinvestment Plan DTP Department of Transport and Planning EBITDA Earnings before interest, tax, depreciation and amortisation
M2 M4
Hills M2 Motorway
M4 Motorway
M4-M8
M4-M8 link
M5 WEST
M5 West motorway Westlink M7 motorway
M7
1 In June 2026, Transurban sold its remaining 50% interest in the A25 concession
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