Transurban : 2022 Investor Day Presentation

asx release

For personal use only

2 May 2022

2022 INVESTOR DAY PRESENTATION

Transurban provides the attached Investor Day presentation which will be presented at the Transurban Investor Day today.

The presentation will be webcast live at 9.30am (AEST) today, 2 May 2022 and can be viewed via the Transurban website at transurban.com/investor-centre/investor-day-2022.

Investor enquiries	Media enquiries
Hannah Higgins	Josie Brophy
Acting Head of Investor Relations	Manager, Media and Communications
[phone]	[phone]

This announcement is authorised by Transurban CEO, Scott Charlton.

Classification

Transurban Group

Transurban International Limited ABN 90 121 746 825

Transurban Holdings Limited ABN 86 098 143 429

Transurban Holding Trust ABN 30 169 362 255

ARSN 098 807 [e-mail] 31

Tower Five, Collins Square 727 Collins Street Docklands

Victoria 3008 Australia

Telephone [phone] Facsimile [phone]

Transurban Investor Day

2 May 2022

Disclaimer and basis of preparation

This publication is prepared by the Transurban Group comprising Transurban Holdings Limited (ACN 098 143 429), Transurban Holding Trust (ARSN 098 807 419) and Transurban International Limited (ACN 121 746 825). The responsible entity of Transurban Holding Trust is Transurban Infrastructure Management Limited (ACN 098 147 678) (AFSL 246 585).

To the maximum extent permitted by law, none of the Transurban Group, its officers, employees or agents or any other person: (1) accept any liability for any loss arising from or in connection with this publication or the information in it, including, without limitation, any liability arising from fault or negligence; (2) make any representation or warranty regarding, and take no responsibility for, any part of this publication or the information in it; and (3) make any representation or warranty, express or implied, as to the currency, accuracy, reliability, or completeness of the information in this publication.

The information in this publication does not take into account individual investment and financial circumstances and is not intended in any way to influence a person dealing with a financial product, nor provide financial advice. It does not constitute an offer to subscribe for securities in the Transurban Group. Any person intending to deal in Transurban Group securities is recommended to obtain professional advice.

This publication contains certain forward-looking statements. The words "continue", "expect", "forecast", "potential", "estimated", "projected", "likely", "anticipate" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings, financial position, distributions, capex requirements and performance are also forward-looking statements as are statements regarding internal management estimates and assessments of traffic expectations and market outlook. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Transurban, its 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. 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.

Investors should not place undue reliance on forward-looking statements, particularly in light of the current economic climate and the uncertainty and disruption caused by the COVID-19 pandemic. None of the Transurban Group, its officers, employees or agents or any other person: (1) gives any representation, warranty or assurance that the occurrence of the events expressed or implied in any forward-looking statement will occur; and (2) have any responsibility to update or revise any forward-looking statement to reflect any change in the Transurban Group's financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based, except as required by Australian law.

UNITED STATES OF AMERICA

These materials do not constitute an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States unless registered under the U.S. Securities Act of 1933, as amended (the "U.S Securities Act"), or offered and sold in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act.

© Copyright Transurban Limited (ACN 098 143 410). All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise, without the written permission of the Transurban Group.

BASIS OF PREPARATION

This document includes the presentation of results on a statutory as well as non-statutory basis. The non-statutory basis includes Proportional Results and Free Cash. Numbers in this presentation are prepared on a proportional basis unless specifically referred to as statutory or total. All financial results are presented in AUD unless otherwise stated. Data used for calculating percentage movements has been based on whole actual numbers. Percentage changes are based on prior comparative period unless otherwise stated. Financial years are designated by FY and half years are designated by HY with all other references to calendar years. Refer to the Glossary for an explanation of terms used throughout the presentation.

Presentation agenda

04	11	18	24	30	36
Traffic insights	Creating	Delivering
and mobility	Capital	stakeholder	distributions and
Introduction	trends	management	value	growth	Q&A session
Scott Charlton	Henry Byrne	Michelle Jablko	Scott Charlton	Scott Charlton	Executive Committee
Chief Executive Officer	Group Executive,	Chief Financial Officer	Chief Executive Officer	Chief Executive Officer
Victoria and Strategy

West Gate Tunnel Project

Transformational project enhancing transport outcomes for Victoria

• • Vital alternative to the West Gate Bridge, which carries over 200,000 vehicles per day and regularly experiences congestion

• • WGTP will deliver around 70km of new traffic lanes, create more than 6,000 construction jobs and is expected to generate around $11 billion in economic benefits for the State of Victoria1

• • Connection to CityLink will create an integrated network enabling safer, faster and more efficient trips for customers

• • Value sources include CityLink and WGTP tolling mechanisms and CityLink concession extension

• 1. Victoria State Government-Western Distributor Business Case (2015).

• 2. Victorian governmentWest Gate Tunnel Project website.

WGTP progress update

• • First Tunnel Boring Machine (TBM) has excavated around 550 metres of the outbound tunnel. Second TBM commenced tunnelling and excavated around 150 metres of the inbound tunnel

• • More than 70% of widening works on West Gate Freeway now complete

• • More than 600 metres of the new elevated roadway above Footscray Road has been built