TRANSURBAN GROUP 19 January 2016
Transurban has today announced its traffic and revenue data for the December quarter 2015.
For the December quarter, on a statutory basis, toll revenue increased by 16.2% to $433 million when compared to the prior corresponding period (pcp). Proportional toll revenue, which Transurban believes is the most accurate reflection of the portfolio's performance, increased by 17.9% from the pcp, to $454 million.
For the first half of FY16 (1H16), proportional toll revenue increased by 18.4% from the pcp, to $900 million.
Network highlights for the period included1:
For the December 2015 quarter, Sydney proportional toll revenue increased 14.2% to $192 million. Average daily traffic (ADT) increased 7.8% to 631,000 trips.
Average workday traffic increased 7.8% and average weekend/public holiday traffic increased 7.8%.
Of total ADT, car traffic increased 8.1% and truck traffic increased 7.2% for the quarter.
M5 South West Motorway continued to benefit from upgrade works which were completed in December 2014.
Revenue on the M7 increased by 22.9% for the December quarter. This was in part due to the increase in the truck toll multiplier during the December quarter to 1.89 times the car toll. The multiplier will reach 3 times the car toll on 1 January 2017.
MelbourneFor the December 2015 quarter, Melbourne toll revenue increased 6.6% to $155 million. ADT increased 1.4% to 835,000 transactions.
Average workday traffic increased 1.0% and average weekend/public holiday traffic increased 3.7%.
Of total ADT, car traffic increased 1.4% and truck traffic increased 1.4% for the quarter.
Construction commenced on the CityLink Tulla Widening project in October 2015. Major works on this project are expected to commence towards the end of the March quarter 2016.
1 All percentage changes are to the pcp.
For the December 2015 quarter, Brisbane proportional toll revenue increased 9.3% to $67 million. ADT increased 8.7% to 329,000 trips. Excluding Legacy Way from the December quarter, Brisbane proportional toll revenue increased 3.3% to $64 million and ADT increased 2.9% to 312,000 trips.
Legacy Way completed its first half year of operation, following the commencement of operations in June 2015. The first of the stepped increases under the discount toll period occurred on 16 November. Average workday traffic on Legacy Way for the December quarter was 20,000 trips, a 3.9% increase on the September quarter.
For Brisbane, average workday traffic increased 8.6% and average weekend/public holiday traffic increased 7.2% for the quarter. 2
Of total ADT, car traffic increased 9.6% and truck traffic increased 6.1% for the quarter.3
Northern VirginiaFor the December 2015 quarter, Northern Virginia proportional toll revenue increased by 232.4% to US$28 million.4 ADT increased 137.1% to 84,000 trips. Excluding the 95 Express Lanes from the December quarter, which opened in December 2014, proportional toll revenue
increased by 46.3% to US$12 million5 and ADT increased 12.8% to 40,000 trips.
Average workday toll revenue for the December quarter on the 495 Express Lanes increased 32.8% to US$177,000. The average dynamic toll price for the quarter was US$3.93.
The 95 Express Lanes have now been in operation for twelve months. Average workday toll revenue for the quarter was US$220,000. The average dynamic toll price for the quarter was US$5.85.
Full traffic and revenue information for the December quarter is attached.
Company Secretary
Investor Relations Manager
+613 8656 8364
Excluding Legacy Way, average workday traffic increased 2.9% and average weekend/public holiday traffic increased 1.0%.
Excluding Legacy Way, car traffic increased 3.1% and truck traffic increased 2.3%.
Excluding the ownership change on 28 June 2015 to 100%, toll revenue increase was 181.7%.
Excluding the ownership change on 28 June 2015 to 100%, toll revenue increase was 37.5% on the 495 Express Lanes.
Appendix 1 - Traffic and revenue performanceDec 15 quarter
Proportional toll revenue
% change
ADT
% change
Melbourne
6.6%
1.4%
Sydney
14.2%
7.8%
Brisbane
9.3%
8.7%
Northern Virginia6
232.4%
137.1%
1H16 Proportional Toll revenue
% change ADT % changeMelbourne 6.7% 1.9%
Sydney 15.1% 9.0%
Brisbane 9.3%9.6%
Northern Virginia6 244.2% 139.6%
95 Express Lanes commenced tolling traffic on 29 December 2014.
Appendix 2 - Traffic and revenue data - December quarterAsset
Ownership
Dec 15 quarter
Dec 14 quarter
%
change
1H16
1H15
%
change
CityLink
100%
Total Toll Revenue ($AUDm) (net of GST)
$155
$146
6.6%
$308
$289
6.7%
Average Daily Transactions ('000)
835
823
1.4%
834
818
1.9%
Hills M2
100%
Total Toll Revenue ($AUDm) (net of GST)
$63
$57
11.7%
$125
$110
13.5%
Average Daily Trips ('000)
126
118
6.7%
125
115
8.6%
Lane Cove Tunnel/ MRE
100%
Total Toll Revenue ($AUDm) (net of GST)
$22
$19
13.5%
$43
$38
12.5%
Average Daily Trips ('000)
87
82
5.8%
86
81
6.7%
Cross City Tunnel
100%
Total Toll Revenue ($AUDm) (net of GST)
$15
$14
6.6%
$29
$28
6.6%
Average Daily Trips ('000)
39
38
3.2%
38
37
3.4%
M1 Eastern Distributor
75.1%
Total Toll Revenue ($AUDm) (net of GST)
$31
$29
8.7%
$62
$56
9.6%
Average Daily Trips ('000)
56
54
4.4%
56
53
4.8%
Westlink M77
50%
Total Toll Revenue ($AUDm) (net of GST)
$79
$64
22.9%
$157
$127
23.6%
Average Daily Trips ('000)
178
166
7.2%
178
163
8.7%
M5 South West Motorway
50%
Total Toll Revenue ($AUDm) (net of GST)
$59
$50
18.3%
$117
$98
19.2%
Average Daily Trips ('000)
145
127
13.6%
144
125
14.8%
Average tolled trip length was 12.74 kilometres for the quarter for Westlink M7.
Transurban Group Ltd. issued this content on 2016-01-19 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 22:10:02 UTC
Original Document: http://www.transurban.com.au/files/1516884.pdf
