Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
Sustainability supplement
Security holder information
Glossary
FREE CASH/FCF CONT.
Free Cash is calculated as cash flows from operating activities from 100% owned entities (adjusted to include the allowance for maintenance of intangible assets, exclude cash payments for maintenance of intangible assets and exclude transaction and integration costs related to acquisitions), plus Capital Releases from 100% owned entities, less debt amortisation of 100% owned entities, plus returns from non-100% owned entities
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95 Express Lanes 395 Express Lanes 495 Express Lanes
395 495
1H/2H
First or second half of a financial year
FX FY
Foreign Exchange
A25
A25 toll road
Financial year 1 July to 30 June
AASB
Australian Accounting Standards Board
GHG
Greenhouse gas
ABN ACN ADT
Australian Business Number Australian Company Number
GLIDE GOFAR GOTOLL
Transurban’s tolling back-office system GOFAR is a mileage tracker device and app
Average Daily Traffic. ADT is calculated by dividing the total number of trips on each asset (transactions on CityLink) by the number of days in the period
GoToll is a GPS mobile tolling app
GRESB
Global Real Estate Sustainability Benchmark
AFSL
Australian Financial Services Licence
GRI
Global Reporting Initiative
AMTN
Australian Medium Term Note Audit and Risk Committee
GROUP
Transurban Group
ARC
GWA
Greater Washington Area meaning northern Virginia, Washington D.C., areas of Maryland and the surrounding metropolitan area
ARSN
Australian Registered Scheme Number
ASIC ASX ATO AUD AWE CAD
Australian Securities and Investments Commission
HCV HOT
Heavy Commercial Vehicle High Occupancy Toll High Occupancy Vehicle
Australian Securities Exchange Australian Taxation Office
HOV HPFV
Australian Dollars
High Productivity Freight Vehicle Health, Safety and Environment
Average Weekly Earnings
HSE ICB
Canadian Dollars
Inner City Bypass
CAPITAL RELEASES
Capital Releases refer to the injection of debt into Transurban assets, thereby releasing equity
ISC
Infrastructure Sustainability Council
CAVs
Connected and Automated Vehicles
KMP
Key Management Personnel Key Performance Indicator
CCT CHF
Cross City Tunnel
KPI KRI LCT LCV LEP
Swiss Franc
Key Risk Indicator Lane Cove Tunnel
COVID-19
Coronavirus-19
CPI
Consumer Price Index. Refers to Australian CPI unless otherwise stated
Light Commercial Vehicle Logan Enhancement Project
CPP INVESTMENTS
Canada Pension Plan Investments
LINKT
Transurban’s retail tolling brand LinktGO is a GPS mobile tolling app
LINKTGO
CPS
Cents per security
LTI M2 M4
Long Term Incentive Hills M2 motorway
D&A D&C
Depreciation and Amortisation
Design and Construct
New M4
DC
District of Columbia, United States of America
M4-M5
M4-M5 Link
DJSI DOT
Dow Jones Sustainability Index
M5 WEST
M5 West motorway
Department of Transport
M7 M8 MD
Westlink M7
EBITDA
Earnings Before Interest, Tax, Depreciation and Amortisation
M8 motorway (previously the New M5) Maryland, United States of America Maryland Department of Transportation Ministère des Transports du Quebec
ED EIS
Eastern Distributor
MDOT
Environmental Impact Statement Euro Medium Term Note Expressions of interest Enterprise Risk Management Environmental, Social and Governance
MTQ N.M
EMTN
Not meaningful Not applicable North America NorthConnex
EOI
N/A
ERM ESG EUR
NA
NCX
Euros
NEURA
Neuroscience Research Australia Project NEXT – 495 Northern Extension
E-WAY
M5 West retail tolling brand Funds From Operations
NEXT NOK
FFO
Norwegian Krone NPAT AND NPBT Net Profit After Tax and Net Profit Before Tax NSW New South Wales, Australia NWRG NorthWestern Roads Group O&M Operations and Maintenance OTHER REVENUE Other revenue includes management fee revenue,
FFO/DEBT
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
roaming fee revenue and advertising revenue and is recognised at the point in time the service is provided. Additionally, other revenue includes tolling services provided to third parties for which revenue is recognised over the period the service is provided. It also includes compensation received from third parties for a loss of toll revenue due to delays with construction completion, which is recognised when it is reasonably assured it will be collected
FIAP
Financial Inclusion Action Plan
FREDEX Fredericksburg Extension project – 95 Express Lanes FREE CASH/FCF Free Cash is the primary measure used to assess the
cash performance of the Group. It represents the cash available for distribution to security holders.
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