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#ASX Announcements
Added 4 months ago

11 February 2020


1H20 highlights:

  • Average daily traffic (ADT) grew by 2.3%
  • Proportional toll revenue increased by 8.6% to $1,396 million
  • Proportional earnings before interest, tax, depreciation and amortisation (EBITDA) and before significant items increased by 9.5% to $1,094 million
  • FY20 distribution guidance reaffirmed at 62.0 cents per security (cps)
  • 1H20 distribution of 31.0 cps, fully covered by free cash flow $927million
  • Statutory profit of $162 million
  • Underlying cost growth of 2.0% reflecting cost discipline and recent investments providing scale benefits
  • 381,000 hours average workday travel-time savings from July to December 2019
  • Substantial progress to supply up to 80% of electricity needs for Brisbane and Sydney operations from renewable sources
  • Road Injury Crash Index tracking at 3.90 for 1H20, the lowest score since we introduced the RICI in FY14 with Transurban roads up to 68% safer than alternatives
  • The West Gate Tunnel Project D&C contractor has purported to terminate the D&C subcontract and also noted their intention to continue works on the site. Transurban does not consider the D&C subcontract has been validly terminated and, as such, the contract remains valid
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Added 4 months ago

14 January 2020


Transurban announces that Mr Terence (Terry) Bowen will join the Transurban Board as a Non-executive Director, effective 1 February 2020.

Mr Bowen has extensive financial, strategicand operational experience across a range of sectors within some of Australia’s leading companies. He served as an Executive Director and Finance Director of Wesfarmers Limited from 2009 to 2017. Prior tothisMr Bowen held various senior executive roles within Wesfarmers, including as Finance Director of Coles, Managing Director of Wesfarmers Industrial and Safety, and Finance Director of Wesfarmers Landmark. Mr Bowen also served as the inaugural Chief Financial Officer of Jetstar Airways (2003 to 2005), and before this held senior finance roles with Tubemakers of Australia Limited.

Mr Bowen is currently a Managing Partner and Head of the Operations Group at BGH Capital and a Non-executive Director of Navitas Pty Ltd. Upon joining the Transurban Board, Mr Bowen intends to transition to a part-time role at BGH Capital as Partner and Chair of the Operations Group.

Mr Bowen is a Non-executive Director of BHP Group Limited, BHP Group plc and the West Coast Eagles. He is a former Chairman of the West Australian Opera Company Incorporated and a former Non-Executive Director of the Western Australian Institute of Medical Research Pty Ltd, Gresham Partners Holding Limited and Gresham Partners Group Limited.He is a Fellow of CPA Australia and a Member of the AICD

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