Transurban FY26 Corporate Report Introduction
Contents
Disclaimer Forward-looking statements This report contains certain forward-looking statements. The words “continue”, “intend”, “expect”, “forecast”, “potential”, “estimated”, “projected”, likely”, “anticipate” and other similar expressions are intended to identify forward- looking statements. This report contains certain climate-related statements which are subject to uncertainties, limitations, risks and assumptions associated with climate-related information and the ever-changing environment we operate in. The information in this report should be read in conjunction with the qualifications and guidance included in the FY26 Sustainability Basis of Preparation. Indications of, and guidance on, future earnings, financial position, distributions (including Free Cash coverage), capex requirements and performance interest rate and CPI sensitivity and emission reduction targets are also forward-looking statements as are statements regarding plans, strategies and objectives of management and internal management estimates and assessments of traffic expectations and market outlook. These statements discuss future expectations concerning the results of asset and/or financial conditions or provide other forward looking information. The forward-looking statements are based on the information available as at the date of this report and/or the date of Transurban’s planning processes or scenario analysis processes. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks (including the risks set out in the “Risk management” section of this report), uncertainties and other factors, many of which are beyond the control of the Transurban Group, its related bodies corporate, or their respective directors, officers, employees, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements, noting that information in this report is not intended to provide guidance in relation to the future performance of the Transurban Group. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and their differences may be material. There can be no assurance that potential opportunities will eventuate on the timetable outlined or at all, or that Transurban will be able to participate in them. Transurban’s ability to participate in any future projects or acquisitions will be subject to, among other things, applicable government and other processes and the receipt of relevant regulatory approvals. Investors should not place undue reliance on forward-looking statements, particularly in light of the current economic climate and significant global volatility, uncertainty and disruption. To the maximum extent permitted by law, none of the Transurban Group, nor its related bodies corporate or affiliates, and none of their respective directors, officers, employees or agents or any other person: (1) accept any responsibility or liability including, without limitation, any liability arising from fault or negligence for any loss arising from any forward-looking statement; (2) make any representation or warranty, express or implied, as to the likelihood of fulfilment of any forward-looking statements or any event or results expressed or implied in any forward-looking statement; or (3) have any obligation to correct or update any forward looking statement. This document may contain information derived from publicly available sources that have not been verified by the Transurban Group. The Transurban Group does not make any representation or warranty as to the currency, accuracy, reliability or completeness of such information in this document. Non-IFRS information Non-IFRS measures are financial measures other than those defined or specified under any relevant Australian Accounting Standard and may not be directly comparable with other companies' information. We believe that non-IFRS measures provide useful information, however, should not be considered as an indication of, or as a substitute for, statutory financial information and measures. Proportional toll revenue, proportional Earnings Before Interest Depreciation and Amortisation (EBITDA), Proportional Operating EBITDA, Free Cash and Capital Releases are audited. The remaining non-IFRS measures are not audited.
Our year in numbers
2 4 7 9
Letter from our Chair and CEO
About Transurban Executive Committee
Strategic context
10 12 13 14 17 18 21 23 24 26 28 30 32 34 71 80 87 91
Business performance
Outlook
Delivering on strategy
Financial performance highlights
Market performance Capital management
Stakeholders
Customers
Government and industry
Communities Our people
Business partners and suppliers
Sustainability Report (Climate Statements) Governance and risk
Risk management
Directors’ Report
Remuneration report Financial statements Assurance statements
112 222 246 248 249
Security holder information
10-year history
Glossary
— Frontier Warriors, M7 Sydney
Acknowledgement of Country 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 people in our approach, supporting access to mobility across communities. Art pictured is Frontier Warriors, co-created by Jamie Eastwood and Balarinji Studio. Installed along the M7 Motorway, the warrior, spears and shields symbolise battle, resilience and strength as well as enduring belonging and custodianship, honouring the legacy of those who defended their Country with courage and commitment. Read more about the M7 Public Art Collection at westlinkm7.com.au
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