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
FY22 financial performance highlights
Key metrics The below table is a summary of key financial measures which we consider the best representation of underlying business performance
Financial metrics Proportional toll revenue
FY22 2,626
FY22 vs. FY21
$ millions
5.7%
Proportional EBITDA (exc. significant items)
$ millions
1,900
3.5%
Statutory revenue
$ millions
3,406
18.0%
Statutory NPAT
$ millions
16
(99.5%)
Statutory cash flow from operating activities
$ millions
982
9.2%
Free Cash (incl. Capital Releases)
$ millions
1,531
19.8%
Gross distributions
$ millions
1,259
26.0%
Distributions per security
cps
41
12.3%
FY22
FY21
Capital Releases
$ millions
355
278
Proportional drawn debt
$ millions
23,574
20,763
Proportional development capex
$ millions
882
1,157
Ratios and rates Proportional Group EBITDA margin
%
68.8
Corporate debt rating (S&P/Moody’s/Fitch)
rating
BBB+/Baa1/A-
Distribution Free Cash flow coverage
%
122
Corporate SICR
x
3.3
Gearing
%
34.2
Weighted average cost of debt AUD debt
%
3.9
USD debt
%
3.6
CAD debt
%
5.0
Average daily traffic (millions)
Proportional toll revenue ($ millions)
Proportional EBITDA (excl. significant items) ($ millions)
EBITDA MARGIN (%)
74.9% 75.4%
72.3% 70.3%
2.2
2,626
68.8% 1,900
2,581 2,492 2,486
2,016
2.0
2.0
2.0
2.0
2,340
1,888 1,836
1,796
FY18 FY19 FY20
FY21
FY22
FY18 FY19 FY20
FY21
FY22
FY18 FY19 FY20
FY21
FY22
68
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