Business performance
FY24 financial performance highlights
Key metrics The below table is a summary of the key financial measures we consider the best representation of underlying business performance .
Financial metrics
FY23
FY24
% change 1
Proportional toll revenue
$ millions
3,314
3,535
6.7
Proportional EBITDA
$ millions
2,448
2,631
7.5
Statutory revenue
$ millions
4,157
4,119
(0.9)
Statutory NPAT
$ millions
92
376
312.2
Statutory cash flow from operating activities
$ millions
1,459
1,631
11.8
Free Cash (including Capital Releases)
$ millions
1,726
2,459
42.5
Gross distributions
$ millions
1,785
1,916
7.3
Distributions per security
cps
58
62
7
FY23
FY24
Capital Releases
$ millions
27
505
NM
Proportional drawn debt
$ millions
24,007
25,868
7.8
Proportional development CAPEX
$ millions
1,376
1,289
(6.3)
Ratios and rates
FY24
Proportional Group EBITDA margin
%
73.1
Corporate debt rating
rating
BBB+/Baa1/A-
Distributions Free Cash Flow coverage
%
102.0
Corporate SICR
x
4.2
Gearing
%
39.9
Weighted average cost of debt
FY24
AUD debt
%
4.5
USD debt
%
3.6
CAD debt
%
4.9
Figure 14: Average daily traffic (millions)
Figure 15: Proportional toll revenue ($ millions)
Figure 16: Proportional EBITDA ($ millions)
EBITDA MARGIN (%)
3,535
73.3% 71.7%
72.4% 73.1%
70.5%
3,314
2.4 2.5 2
2,631
2,448
2,626
2.0
2.0
2.0
2,492 2,486
1,900
1,888 1,836
FY20 FY21
FY22
FY23 FY24
FY20 FY21
FY22
FY23 FY24
FY20 FY21
FY22
FY23 FY24
1 F igures used for calculating percentage movements are based on whole numbers and relate to percentage movements from the previous corresponding period 2 Group ADT figures on a rounded basis
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