New M4 Air Quality Community Consultative Committee (AQCCC)€¦ · New M4 Air Quality Community Consultative Committee (AQCCC) Date: Tuesday, 1 September 2020 Time: 6.00pm to 8.00pm

1 | Page

New M4 Air Quality Community Consultative Committee (AQCCC)

Meeting:

New M4 Air Quality Community Consultative Committee (AQCCC)

Date: Tuesday, 1 September 2020

Time: 6.00pm to 8.00pm

Location: Zoom Online Meeting

Attendees: Independent Chair Associate and Notetaker

Stephen Lancken Lynette Edwards

WestConnex|Transurban Operations and Maintenance Community Engagement Manager

Kris Hinks Louisa Bertino-Clarke

O&M Contractor (Fulton Hogan Egis) Community and Conditions Coordinator

Justin Hazelbrook

Environment Protection Authority (EPA) Unit Head

Aleksandra Young

Councils Inner West Council Canada Bay Council

Manod Wickramasinghe Megan Roberts

Community Community Community Community Community Community

Raymond McCluskie Bryan Smyth-King Jonathan Jacobson Neil Kenzler Peter Dobrijevic

Apologies Steve O’Brien

Councillor Gulian Vaccari

2 | Page

Meeting Notes

Key Matters Discussed and Presented

1. Welcome and introductions

1.1. No questions asked.

1.2. Updates and Outstanding Actions arising from the previous meeting are captured here:

Items from previous meeting:

2.2.3. TfNSW passes smoky vehicle information to the EPA and the EPA is responsible for

sending out infringement notices. The public can also report smoky vehicles on the EPA’s

website or by calling 131 555. Information such as the vehicle’s registration plate would need

to be included in the report.

Please note the M5 East Heavy Vehicle Emission Reduction Program ended in 2017 and

Transport for NSW no longer provides smoky vehicle information to the NSW EPA. Please also

note that the EPA may send in first instance advisory letters (not infringement notices) to

owners of smoky vehicles who have been reported by the public. If a second or subsequent

report is received, a defective vehicle notice may be issued. Please refer to the response below

for more details.

4.6 : Will there automatically be an infringement notice issued for heavy polluters or smoky

vehicles, in the same way as a traffic fine, speed fine or mobile phone fine is issued?

In NSW, both Transport for NSW (TfNSW) and the EPA have a role in regulating air emissions

from motor vehicles.

The Heavy Vehicle (Vehicle Standards) National Regulation (NSW) is the key piece of legislation

for heavy vehicles (vehicles over 4500kg GVM) in NSW. With respect to air emissions, the

Regulation specifies that vehicles must not emit visible smoke for more than 10 seconds and

must comply with the Australian Design Rules, which included standards for non-visible exhaust

gases. TfNSW administers this Regulation on behalf of the National Heavy Vehicle Regulator.

The Road Transport (Vehicle Registration) Regulation 2017 is the key piece of legislation for light

vehicles in NSW. With respect to air emissions, the Regulation outlines the requirements that

relate to the Australian Design Rules and specify that vehicles must not emit visible smoke for

3 | Page

more than 10 seconds. TfNSW administers this Regulation. NSW Police and TfNSW Enforcement

Officers can issue Penalty Notices for smoky vehicle offence under Road Transport legislation.

Motor vehicles that emit ‘excessive air impurities’ are also regulated by the EPA under the

Protection of the Environment Operations (Clean Air) Regulation 2010. ‘Excessive air impurities’

are deemed to have been emitted when there are visible air emissions (smoke) for more than 10

seconds. An owner of a motor vehicle is guilty of an offence if a vehicle emits excessive smoke

while being used on the road.

The EPA runs a smoky vehicle enforcement program that aims to reduce vehicle emissions by

ensuring owners properly maintain their vehicles. Detailed information and online reporting

forms can be found at:

https://www.epa.nsw.gov.au/your-environment/air/reducing-motor-vehicle-

emissions/reporting-smoky-vehicles.

Where a member of the public report smoky vehicles to the EPA and all the required details are

included in the report and can be matched to a vehicle registration, the EPA may issue an

advisory letter to the registered owner of the vehicle reported. If a second or subsequent report

is received a defective vehicle notice may be issued, requiring the vehicle owner to service or

repair the vehicle so that it no longer emits excessive smoke.

Where an EPA authorised officer reports a smoky vehicle, the EPA may issue a Penalty Notice to

the registered owner of the vehicle: a fine of $300 for an individual or $600 for a corporation.

More details can be found at:

https://www.epa.nsw.gov.au/your-environment/air/reducing-motor-vehicle-emissions.

4.7 : If smoky vehicles are not fined automatically, in a similar way a speeding driver would be

caught on camera and automatically fined, is there a reason that the driver of the smoky

vehicle does not receive also an automatic fine, given there are cameras that detect the

smoke?

Please refer to the response above that explains the process currently in place for smoky

vehicles.

In most cases, the driver of a smoky vehicle is not aware that their vehicle is emitting excessive

smoke. By reporting smoky vehicles, the vehicle owners can be made aware of the problem with

their vehicles. If the observed vehicle’s details are matched with a vehicle registration, the EPA

will issue an advisory letter to the owner. The EPA’s follow-up surveys show that most vehicle

https://www.epa.nsw.gov.au/your-environment/air/reducing-motor-vehicle-emissions/reporting-smoky-vehicles

https://www.epa.nsw.gov.au/your-environment/air/reducing-motor-vehicle-emissions/reporting-smoky-vehicles

https://www.epa.nsw.gov.au/your-environment/air/reducing-motor-vehicle-emissions

4 | Page

owners who receive an advisory letter take steps to have their vehicle checked and repaired if

necessary.

2. Community Updates and Complaints Presentation by Transurban (Attached)

2.1. Will the information regarding the Community Grant be on the website?

2.1.1.Yes, the Community Grant information can be found at:

https://www.westconnex.com.au/community/community-grant-program/

3. Air Quality Reporting Presentation by Transurban (Attached)

3.1. Do the annual ambient exceedance numbers represent an average?

3.1.1. – Yes, the annual ambient exceedance is the average over the last 12 months to date.

3.2. The Linkt air quality website address is: https://www.linkt.com.au/sydney/using-toll-

roads/about-sydney-toll-roads/westconnex-m4/tunnel-air-quality

4. Other Business

4.1. According to the Conditions of Approval (CoA) the M4 East AQCCC meetings are required for

two years post opening of the M4 Tunnel. Next year, 2021, the AQCCC can make

recommendations to the Chair who will consult with the Secretary of the Department of

Planning, Industry and Environment (DPIE) if it is considered that the meetings should continue

past two years post opening of the tunnel. The Secretary DPIE will make the final decision.

(Condition of Approval B9)

4.2. Two years post opening of the tunnel the AQCCC will also need to review whether the ambient

air stations are required to continue monitoring air quality. (Condition of Approval E8)

4.3. EPA is the licencing authority for the M4 East ventilation outlets, and exceedances are reported

to the EPA. The EPA regulates emissions from the ventilation facility only. Exceedances of the

internal tunnel air quality and ambient air quality are not regulated by the EPA, but reports are

copied to the EPA.

4.4. Does the EPA issue any infringement notices to smoky vehicles? And how many are issued?

4.4.1.The EPA issues advisory letters following reports of smoky vehicles from the public to

drivers. Drivers often get their smoky vehicles fixed after receiving EPA advisory letters. If a

second or subsequent report is received a defective vehicle notice may be issued,

requiring the vehicle owner to service or repair the vehicle so that it no longer emits

excessive smoke. An authorised EPA officer can also issue a penalty notice. Transport for

NSW (TfNSW) also have a role in regulating smoky vehicles as explained in the EPA

response to questions from the previous AQCCC meeting. Post meeting comment: please

refer Item 1 above for more information.

https://www.westconnex.com.au/community/community-grant-program/

https://www.linkt.com.au/sydney/using-toll-roads/about-sydney-toll-roads/westconnex-m4/tunnel-air-quality



5 | Page

4.5. Community Comment: Some residents living near the tunnel are concerned about the smoky

vehicles seen in the area.

4.6. Will the ventilation facility located at Underwood Road have advertisements displayed on the

building?

4.6.1. The ventilation facility at Underwood Road, is fitted with an LED lighting controlled system.

The lighting of the building is operating under normal facility lighting. The facility has the

capability for special lighting, however Department of Planning, Industry and Environment

(DPIE) would need to authorise any use for advertising and there are no plans to use the

lighting for this purpose.

4.7. How quickly are exceedances of air quality measures reported to EPA? Is there a required

reporting time frame?

4.7.1. If emissions monitoring in the ventilation outlet shows exceedances of concentration limits

on the Environment Protection Licence, the Operations manager notifies WestConnex and

must immediately notify the EPA via the Environment Line. Outside business hours

WestConnex will look into the issue and collate information from the controllers at the

affected outlet. Many exceedances have been found to be due to instrument faults. All

information gathered is presented as a report to the EPA Environment Line, immediately,

who issue a reference number. Fulton Hogan Egis Operations Maintenance (FHEOM)

provide an immediate notification report which includes information such as affected

ventilation outlet and air pollutant that exceeded permitted concentration limits. The

report is provided to the EPA, DPIE, Department of Health (DoH) and TfNSW.

4.7.2. The Environmental Protection License and CoA E16 also require WestConnex|Transurban

to prepare a more detailed report within 20 days which must identify and explain the

cause of the exceedance. The Independent expert, SNC-Lavalin, reviews the report and

provides their own report on whether SNC-Lavalin agree with the

WestConnex|Transurban report. This report states SNC Lavalin findings. The report is also

sent to the EPA, DPIE, Department of Health (DoH) and TfNSW and is published on the

LINKT website.

4.7.3. In tunnel and ambient air exceedances follow a similar process, however there is no

requirement to report immediately to the EPA via the Environment Line. This is because

EPA does not regulate air quality within the tunnel or include ambient air limits or

monitoring requirements. However, the CoA (E6 for In-tunnel and E11 for ambient)

requires WestConnex|Transurban notifies the EPA and DPIE of exceedances within 24hrs.

4.8. Are there any figures showing whether usage of the tunnel is increasing? And is there any

evidence of people avoiding use of the tunnel?

6 | Page

4.8.1. Taken on notice by WestConnex|Transurban.

4.8.2. Usage of the M4 East tunnels has to date exceeded the traffic modelling undertaken as

part of the Environmental Impact Statement.

4.9. Community comment: we have noticed on our footpaths in our area, and gardens still a lot of

dumping of soot when it rains

4.9.1. WestConnex has received some community feedback since the M4 Tunnels opened, that

they have noticed a reduction in black dust/ soot that is visible on outdoor areas.

4.9.2. Community comment: Soot is also generated from diesel trains and other industry in the

area.

4.10. ECOTECH is still performing routine maintenance. An In-tunnel maintenance closure

took place in August for the quarter. The maintenance was on time and to schedule.

4.11. The next meeting is scheduled for 1 December 2020.

4.12. No other business raised.

Meeting closed at 6:46pm

These minutes were accepted on 21 September 2020 by

Stephen Lancken

Independent Chair

1 | Page

ACTIONS ARISING

Item Actions Arising Timeframe Responsibility / Status Update

Response

4.8 Are there any figures showing whether usage of the tunnel is increasing? And is there any evidence of people avoiding use of the tunnel?

WestConnex|Transurban The M4 Tunnels are operating at levels expected and forecast in the Environmental Impact Statement, and Parramatta Road has therefore seen the largest reduction in traffic.

Transurban is required to publish traffic data quarterly and attached is the last ASX from the full year results in August – the traffic data for M4 including the M4 Tunnels is on page 11.

Transurban is also required to publish all data on the “NSW Toll Road Data” website which is also publicly accessible: https://nswtollroaddata.com/

Travel time data (which is based on publicly available TomTom / Google Maps information), shows motorists are saving up to an hour each day on their journeys by using New M4 Tunnels. This a huge benefit to motorists using the tunnels, vs the free alterative (i.e. Parramatta Road).

As Parramatta Road is owned/ operated by TfNSW we are unable to provide any data on the reduction in usage. TfNSW will commission a 12 month post opening review to identify changes on the surface network as a result of the M4 Tunnel opening. This review will provide more details regarding the traffic volumes on the surface network.

https://nswtollroaddata.com/

asx release

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 098 807 419

[email protected] www.transurban.com

Level 31 Tower Five, Collins Square 727 Collins Street Docklands Victoria 3008 Australia Telephone +613 8656 8900 Facsimile +613 8656 8585

12 August 2020

TRANSURBAN FY20 RESULTS

FY20 summary

• FY20 performance impacted by the COVID-19 pandemic with average daily traffic (ADT) decreasing by 8.6% across the portfolio1

• FY20 distribution of 47.0 cents per stapled security (cps) representing $1.3 billion distributed to security holders

• In response to the COVID-19 pandemic the business took action to support its customers, communities and people, including granting $4.7 million in tolling credits to customers impacted by the crisis (to June 2020) and $1.5 million in additional targeted social investment2. The toll credit program has been extended to those in need to the end of 2020 as well as to frontline workers in Melbourne for the duration of Stage 4 restrictions

• Proportional toll revenue decreased by 3.4% to $2,492 million3

• Proportional earnings before interest, tax, depreciation and amortisation (EBITDA) and before significant items decreased by 6.4% to $1,888 million4

• Statutory loss of $153 million • Completion of three major projects with a further eight major projects advanced • Working to resolve the technical and commercial issues that have led to delays on the West Gate

Tunnel Project • 339,000 hours average workday travel-time savings5

• Record performance on key safety metrics with FY20 Road Injury Crash Index (RICI) of 3.70 and contractor Recordable Injury Frequency Rate (RIFR) of 3.60

Chief Executive Officer Scott Charlton said challenging global operating conditions through the second half of FY20 due to COVID-19 had resulted in subdued traffic levels across Transurban’s portfolio, however gradual improvement was now evident in all markets with the exception of Melbourne, which is still under strict government-mandated restrictions.

“Transurban, like most businesses, has seen significant impact to our revenue as a result of COVID-19 and the associated government actions,” Mr Charlton said.

“Pleasingly we have seen clear signs of improvement in most of our markets as government restrictions have been eased. However, as evidenced by recent declines in traffic in Melbourne, we expect traffic to remain sensitive to government responses.”

1 ADT in prior corresponding period includes M4 traffic prior to Transurban ownership and is shown for comparison purposes. Excluding period-on-period M4 growth, ADT decreased by 9.0%. 2 Investment relates to bushfires and COVID-19 response, as part of our overall $3.3 million social investment program. 3 Excluding 395 Express Lanes, additional M5 West ownership and period-on-period growth from M4, toll revenue decreased by 7.7%. 4 Excluding 395 Express Lanes, additional M5 West ownership, additional maintenance provision expense due to 10-year CityLink concession extension (in connection with the West Gate Tunnel Project), period-on-period growth from M4 and incremental WestConnex impact, EBITDA decreased by 11.1%. 5 Source: TomTom data (Australia and Montreal) and Regional Integrated Transportation Information System data (Greater Washington Area).

mailto:[email protected]

http://www.transurban.com/

asx release





ARSN 098 807 419



Transurban continues to monitor customer views on transport and mobility and today releases a new research report, Urban Mobility Trends from COVID-19, available at transurban.com/transport- industry-report.

“Our recent research gives some interesting insights into the way people expect to work and travel in the future and the potential implications on transport networks and for transport policy decision makers. For example, while we have made enormous strides in flexible working over the last few months, the office is far from dead. Over 85% of survey respondents expect they will return to the workplace, saying it helps them maintain relationships with their colleagues and separate work from home life,” Mr Charlton said.

Mr Charlton said that despite the challenging conditions, FY20 represented a significant year of development and delivery for the business, with three projects reaching completion.

“Despite the more challenging conditions, the business continued to make significant progress on its project pipeline with the New M4 tunnels, Logan Enhancement Project and 395 Express Lanes all reaching completion during FY20. In addition, the M8 (formerly New M5) tunnels opened and tolling commenced on the M5 East in July and NorthConnex is expected to open in the coming months,” he said.

Mr Charlton said Transurban continued to be in a strong position to pursue attractive opportunities emerging within its core markets, including the proposed M7 widening and M7/M12 interchange in western Sydney.

“Long-term and proactive management of our balance sheet and organisational capability means we are able to pursue the significant pipeline of opportunities in our existing markets. As always, this will be balanced alongside maintaining our strong investment-grade credit metrics and distributions for security holders” he said.

Key network activities

Sydney

• Proportional toll revenue increased by 2.8% to $1,072 million despite impacts from COVID-19, driven by the opening of the New M4 tunnels in July 2019 and the additional ownership interests in the M5 West6

• ADT decreased by 6.5% to 761,000 trips, driven by a weak June quarter as a result of COVID-19 • Car traffic decreased by 6.6% and large vehicles decreased by 4.9% • Completed acquisition of remaining 34.62% interests in M5 West, taking ownership to 100% • EBITDA excluding significant items increased by 2.8%7

• Peak construction now reached on M4-M5 Link tunnels with 28 road headers excavating the tunnels and more than 6,000 people involved in delivering the project to date

Melbourne

• Proportional toll revenue decreased by 8.1% to $747 million, with COVID-19 impacts partly offset

by the relative resilience of large vehicles

6 Excluding additional M5 West ownership and period-on-period growth from M4, toll revenue decreased by 7.7%. 7 Excluding additional M5 West ownership and period-on-period growth from M4, EBITDA decreased by 9.2%.



asx release





ARSN 098 807 419



• ADT decreased by 11.9% to 750,000 transactions, driven by a weak June quarter as a result of COVID-19

• Car traffic decreased by 14.6% and large vehicles decreased by 0.7% • EBITDA decreased by 11.4%8

• Significant progress made on sections of the West Gate Tunnel Project with 17.9 million hours

worked. However tunnelling has not commenced, and we now expect the project to be completed

in 2023. Committed to working with the State and the D&C subcontractor to resolve the technical

and commercial issues and claims9

Brisbane

• Proportional toll revenue decreased by 1.9% to $394 million, with COVID-19 impacts partly offset by the relative resilience of large vehicles through the pandemic and increased truck toll multipliers taking effect on the Logan and Gateway motorways during FY20

• ADT decreased by 5.3% to 383,000 trips, driven by a weak June quarter as a result of COVID-19 • Car traffic decreased by 6.8% and large vehicles decreased by 0.6% • EBITDA decreased by 2.6% • Relocated to new corporate office in the Brisbane CBD during June 2020 • New Network Operations Centre for all Brisbane assets open with centralised traffic control room

development underway • Commenced tolling services for Queensland Government’s Toowoomba Bypass

North America

• Proportional toll revenue decreased by 13.9% to $279 million10

• ADT decreased by 10.3% to 132,000 trips, driven by a weak June quarter as a result of COVID-19 • EBITDA excluding significant items decreased by 26.7%11

• The 95 Express Lanes average dynamic toll price decreased by 5.0% to USD8.63 • The 495 Express Lanes average dynamic toll price decreased by 6.1% to USD5.27 • A25 off-peak toll prices increased by 14% effective September 2019 after ADT surpassed the

necessary threshold12

• Tolls on the A25 were suspended from 25 March through to 24 May 2020, with compensation agreed with the Ministry of Transport Quebec

• 395 Express Lanes commenced tolling in November 2019, extending the 95 Express Lanes 13 kilometres north to the Washington D.C. border

• Construction on the 16 kilometre Fredericksburg Extension project continues with site clearing, earthworks and bridge construction underway

• 495 Northern Extension project is progressing with the process to appoint a design-build team underway

8 Excluding the impact of the additional maintenance provision expense due to 10-year CityLink concession extension (in connection with the West Gate Tunnel Project), Melbourne EBITDA (excluding significant items) decreased by 10.4%. 9 The D&C subcontractor has purported to terminate the D&C subcontract and also noted their intention to continue works on site. Transurban WGT Co Pty Limited has received a document from the D&C subcontractor entitled ‘West Gate Tunnel Project: Termination of the D&C Subcontract on the basis of a Force Majeure Termination Event’, a document entitled ‘West Gate Tunnel Project: Termination of the D&C Subcontract on the basis of further Force Majeure Termination Events’ and a document entitled ‘West Gate Tunnel Project: Third Force Majeure Termination Event Notice….’, all of which relate to issues in respect of the presence, classification and disposal of PFAS. Transurban does not consider the D&C subcontract has been validly terminated and, as such, the contract remains valid. 10 Excluding 395 Express Lanes which commenced tolling on 17 November 2019, toll revenue decreased by 14.1%. 11 Excluding 395 Express Lanes, EBITDA decreased by 21.3%. 12 Additionally, rolling 12-month peak direction traffic was 2,854 vehicles per hour on the A25 for the period ended 30 June 2020.



asx release





ARSN 098 807 419



Distribution and DRP

A distribution totalling 16.0 cents per stapled security will be paid on 14 August 2020 for the six months ended 30 June 2020. This will be paid from the Transurban Holding Trust and controlled entities and will not have franking credits. This takes the total FY20 distribution to 47.0 cents per stapled security, of which 2.0 cents is fully franked.

The Distribution Reinvestment Plan (DRP) will operate for this distribution payment. For further information on distributions and the DRP, visit the Investor Centre at transurban.com.

Outlook

Transurban advises that it expects the FY21 distribution will be in line with Free Cash, excluding Capital Releases.13

Market briefing

Transurban will provide a market briefing at 9:30am (AEST) today, 12 August 2020. The market briefing will be webcast via the Transurban website at transurban.com.

END

Investor enquiries Tess Palmer Head of Investor Relations +61 458 231 983

Media enquiries Sarah Chapman Manager, Media and Communications

+61 400 841 898

This announcement is authorised by the Board of Transurban Group.

Note: Further details are provided in the Appendices and the Investor Presentation published alongside this release.

13 See Glossary in the FY20 Results Investor Presentation for definitions of Free Cash and Capital Releases.




asx release





ARSN 098 807 419



Appendix 1: Statutory results

FY19 FY20 $M $M

Toll revenue 2,643 2,510

Construction revenue 1,435 1,003

Other revenue 88 103

Total revenue 4,166 3,616

Employee benefits expenses (230) (250)

Road operating costs (373) (388)

Construction costs (1,435) (1,003)

Transaction and integration costs (25) (7)

Corporate/other expenses (107) (127)

Total costs (2,170) (1,775)

Earnings before depreciation and amortisation, net finance costs, equity accounted investments and income taxes

1,996

1,841

Depreciation and amortisation (995) (1,185)

Net finance costs (865) (914)

Share of net profits of equity accounted investments (334) (62)

Gain on revaluation of equity accounted investment 228 -

Profit / (loss) before income tax 30 (320)

Income tax benefit 140 167

Profit / (loss) from continuing operations 170 (153)

Movement in profit as a result of:

• ($155 million) decrease in EBITDA

• ($190 million) increase in depreciation and amortisation mainly attributable to the consolidation of M5 West (effective 18 September 2018), the uplift in the concession value of CityLink following the concession extension and amortisation beginning for 395 Express Lanes and Logan Enhancement Project

• ($49 million) increase in net finance costs primarily due to higher external interest due to a combination of projects completing (no longer capitalising interest expense) and higher corporate borrowings

• $272 million decrease in share of net loss of equity accounted investments primarily due to stamp duty and integration costs on the WestConnex acquisition recognised in the prior period

• ($228 million) decrease due to the gain recorded on the M5 West consolidation in the prior period

• $27 million increase in income tax benefit as a result of a reduction in taxable profit



asx release





ARSN 098 807 419



Appendix 2: Proportional results

FY19 FY20 %

change $M $M

Toll revenue 2,581 2,492 (3.4%)

Other revenue 93 117 24.9%

Total revenue 2,674 2,609 (2.4%)

Total costs (excluding significant items)

(658) (721) 9.6%

EBITDA (excluding significant items)

2,016 1,888 (6.4%)

Significant items14 (320) (14) (95.6%)

EBITDA 1,696 1,874 10.5%

14 FY19 significant items include Transurban’s share of stamp duty for the WestConnex acquisition and additional ownership in M5 West, as well as integration and restructuring costs for A25. FY20 significant items include transaction and integration costs of A25, WestConnex, and M5 West.



asx release





ARSN 098 807 419



Appendix 3: Proportional results by segment (excluding significant items)

FY20

Sydney

Melbourne

Brisbane

North America

Corporate and other

Total

Toll revenue ($M) 1,072 747 394 279 - 2,492

Other revenue ($M) 48 23 5 15 26 117

Total revenue ($M) 1,120 770 399 294 26 2,609

Total costs ($M) (241) (136) (113) (140) (91) (721)

EBITDA (excluding significant items) ($M)

879 634 286 154 (65) 1,888

Toll revenue growth 2.8% (8.1%) (1.9%) (13.9%) - (3.4%)

ADT growth (6.5%) (11.9%) (5.3%) (10.3%) - (8.6%)

EBITDA growth

(excluding significant items)

2.8%

(11.4%)

(2.6%)

(26.7%)

(10.5%)

(6.4%)



asx release





ARSN 098 807 419



Appendix 4: Reconciliation of Statutory EBITDA to Proportional EBITDA

FY19 FY20 $M $M

Statutory EBITDA 1,996 1,841

Less: EBITDA attributable to non-controlling interest – ED (29) (26)

Less: EBITDA attributable to non-controlling interest – TQ (176) (171)

Less: EBITDA attributable to non-controlling interest – M5 West

(79) (33)

Less: Intragroup elimination15 - (3)

Add: NWRG proportional EBITDA 185 174

Add: M5 West proportional EBITDA 29 -

Add: WCX proportional EBITDA 39 71

Add: Significant items incurred by equity accounted assets (295) (7)

Add: Toll and other revenue on A25 concession financial asset relating to repayments received from MTQ

26 28

Proportional EBITDA 1,696 1,874

Significant items 320 14

Proportional EBITDA (excluding significant items) 2,016 1,888

15 Statutory revenue recognised in relation to arrangements with equity accounted investments that are eliminated for segment purposes. For statutory purposes an offsetting adjustment is recognised within the share of loss from equity accounted investments, inclusive of impairments.



asx release





ARSN 098 807 419



Appendix 5: Reconciliation of Statutory Cash Flow from operating activities to Free Cash

FY19 FY20 $M $M

Cash flows from operating activities 1,197 1,131

Add back transaction and integration costs related to acquisitions 25 7

Add back payments for maintenance of intangible assets 117 135

Less allowance for maintenance of intangible assets for 100% owned assets (62) (88)

Add Capital Releases from 100% owned assets - 212

Less debt amortisation of 100% owned assets (3) (12)

Less cash flow from operating activities from consolidated non-100% owned entities

(502) (426)

Adjust for distributions and interest received from non-100% owned entities

ED distribution 54 28

M5 West distribution and term loan note payments 133 32

M5 pro-forma adjustment as if 100% ownership acquired 1 July 2019 - 33

TQ distribution and shareholder loan note payments16 306 161

NorthWestern Roads Group distribution and shareholder loan note payments17 240 224

STP (WCX) distribution and shareholder loan note payments 22 39

Free Cash 1,527 1,476

16 FY19 TQ distribution included a $144 million Capital Release and the FY20 TQ distribution included a $33 million Capital Release. 17 FY19 NWRG distribution included a $98 million Capital Release and the FY20 NWRG distribution included a $75 million Capital Release.



asx release





ARSN 098 807 419



Appendix 6: Traffic and revenue performance18

June 20 quarter Proportional toll revenue (AUD)

% change

ADT

% change

Sydney19 (16.1%) (25.5%)

Melbourne (38.2%) (44.1%)

Brisbane (24.1%) (26.5%)

North America20 (76.7%) (51.5%)

Group21 (32.6%) (34.6%)

FY20 Proportional toll revenue (AUD)

% change ADT

% change

Sydney22 2.8% (6.5%)

Melbourne (8.1%) (11.9%)

Brisbane (1.9%) (5.3%)

North America23 (13.9%) (10.3%)

Group24 (3.4%) (8.6%)

18 All percentage changes are to the prior corresponding period and are calculated in AUD. 19 June 2020 quarter toll revenue and ADT growth includes M4 and additional M5 West ownership. 20 June 2020 quarter toll revenue and ADT growth includes 395 Express Lanes. 21 June 2020 quarter toll revenue and ADT growth includes M4, additional M5 West ownership and 395 Express Lanes. 22 FY20 toll revenue and ADT growth includes M4 and additional M5 West ownership. 23 FY20 toll revenue and ADT growth includes 395 Express Lanes. 24 FY20 toll revenue and ADT growth includes M4, additional M5 West ownership and 395 Express Lanes.



asx release





ARSN 098 807 419



Appendix 7: Traffic and revenue data25

Asset

Ownership

Jun 19 quarter

Jun 20 quarter

% change

FY19

FY20 %

change

% large vehicle traffic26

Hills M2

100%

Total Toll Revenue ($AUDm) (net of GST)

$78 $54 (30.6%) $312 $280 (10.5%) n/a

Average Daily Trips (‘000)

133 88 (33.8%) 135 118 (12.8%) 10.3%

M5 West Motorway

100%


$76 $63 (17.2%) $301 $290 (3.9%)

n/a


160 130 (18.8%) 159 152 (4.2%) 8.7%

Lane Cove Tunnel/MRE

100%


$25 $16 (37.8%) $102 $88 (14.5%)

n/a


92 56 (38.9%) 93 79 (15.1%) 5.8%

Cross City Tunnel

100%


$17 $12 (30.1%) $69 $66 (3.7%)

n/a


39 26 (31.7%) 39 37 (6.0%) 2.8%

M1 Eastern Distributor

75.1%


$38 $24 (36.4%) $152 $139 (8.4%)

n/a


58 36 (38.7%) 59 52 (11.4%) 4.5%

Westlink M727

50%


$107 $90 (16.6%) $436 $410 (6.1%)

n/a


191 149 (22.1%) 191 178 (7.0%) 16.2%

M428

25.5%


$53 $60 14.0% $158 $280 76.9%

n/a


137 118 (14.0%) 138 146 5.5% 9.5%

25 Transurban has improved the calculation of Average Daily Traffic (ADT). Traffic measurement involves the correlation of images and tags from detected vehicles. Reporting improvements have enabled faster removal of duplicate trips, for example, where multiple tags are detected in a vehicle. The change to the calculation has resulted in reported ADT reducing for some assets, by a maximum of 1%. ADT for prior corresponding periods has been restated for comparative purposes. This ADT reporting change has no impact on revenue. 26 Proportion of large vehicle traffic as a percentage of total traffic for the June 2020 quarter. 27 Average tolled trip length was 12.8 kilometres for the June 2020 quarter and 12.8 kilometres for FY20 on Westlink M7. 28 Average tolled trip length was 7.6 kilometres for the June 2020 quarter and 7.5 kilometres for FY20 on M4. Transurban acquired M4 on 27 September 2018. Toll revenue data prior to Transurban ownership is not included.



asx release





ARSN 098 807 419



Asset

Ownership

Jun 19 quarter

Jun 20 quarter

% change

FY19

FY20

% change


CityLink

100%


$202 $125 (38.2%) $813 $747 (8.1%) n/a

Average Daily Transactions (‘000)

841 470 (44.1%) 851 750 (11.9%) 31.6%

Gateway Motorway

62.5%


$56 $43 (22.9%) $224 $223 (0.4%)

n/a


117 82 (30.2%) 117 110 (5.8%) 29.6%

Logan Motorway

62.5%


$46 $44 (5.0%) $185 $198 6.9%

n/a


163 143 (12.2%) 164 165 0.4% 32.9%

AirportlinkM7

62.5%


$31 $18 (43.9%) $125 $111 (10.9%)

n/a


63 35 (44.6%) 63 55 (12.9%) 24.8%

Clem7

62.5%


$14 $8 (38.4%) $56 $49 (12.3%)

n/a


28 17 (40.9%) 29 24 (14.6%) 24.3%

Legacy Way

62.5%


$11 $7 (30.8%) $41 $39 (4.6%)

n/a


21 14 (34.6%) 21 19 (6.9%) 26.9%

Go Between Bridge

62.5%


$3 $2 (42.0%) $13 $11 (13.9%)

n/a


11 6 (44.1%) 11 9 (15.6%) 18.4%

95 Express Lanes

100%

Total Toll Revenue ($USDm)

$31 $3 (89.5%) $106 $86 (19.1%)

n/a


55 19 (64.7%) 50 46 (8.5%) n/a29

495 Express Lanes

100%

Total Toll Revenue ($USDm)

$22 $3 (88.3%) $80 $61 (24.5%)

n/a


49 14 (71.5%) 46 37 (19.6%) n/a30

29 Vehicles with more than two axles, excluding buses and emergency vehicles, are not allowed to access the 95 Express Lanes. 30 Vehicles with more than two axles, excluding buses and emergency vehicles, are not allowed to access the 495 Express Lanes.



asx release





ARSN 098 807 419



Asset

Ownership

Jun 19 quarter

Jun 20 quarter

% change

FY19

FY20

% change


A25

100%

Total Toll Revenue ($CADm)

$16 $11 (29.0%) $61 $58 (5.1%) n/a


55 44 (20.9%) 51 49 (3.5%) 12.5%



asx release





ARSN 098 807 419



Appendix 8: Calculation of proportional toll revenue by asset

June 20 quarter 100%

($M)

% Transurban ownership

Proportional Toll Revenue ($M)

Hills M2 $54 100.0% $54

M5 West Motorway $63 100.0% $63

Lane Cove Tunnel/MRE $16 100.0% $16

Cross City Tunnel $12 100.0% $12

M1 Eastern Distributor $24 75.1% $18

Westlink M7 $90 50.0% $45

M4 $60 25.5% $15

CityLink $125 100.0% $125

Gateway Motorway $43 62.5% $27

Logan Motorway $44 62.5% $27

AirportlinkM7 $18 62.5% $11

Clem7 $8 62.5% $5

Legacy Way $7 62.5% $5

Go Between Bridge $2 62.5% $1

95 Express Lanes ($USD) $3 100.0% $3


A25 ($CAD) $11 100.0% $11

FY20 100%

($M)

% Transurban ownership

Proportional Toll Revenue ($M)

Hills M2 $280 100.0% $280

M5 West Motorway31 $290 100.0% $254

Lane Cove Tunnel/MRE $88 100.0% $88

Cross City Tunnel $66 100.0% $66

M1 Eastern Distributor $139 75.1% $104

Westlink M7 $410 50.0% $205

M4 $280 25.5% $71

CityLink $747 100.0% $747

Gateway Motorway $223 62.5% $139

Logan Motorway $198 62.5% $123

AirportlinkM7 $111 62.5% $69

Clem7 $49 62.5% $31

Legacy Way $39 62.5% $25

Go Between Bridge $11 62.5% $7



A25 ($CAD) $58 100.0% $58

31 Transurban acquired the remaining 34.62% equity interests in the M5 West during FY20, taking its total equity ownership to 100%. Financial close on the 34.62% interest was reached on 30 October 2019.



M4 Tunnels Air Quality Community Consultative Committee

1 September 2020

Agenda

1

Agenda Items Time Responsibility

1 Welcome and introduction 5 mins Independent Chair

2 Community update & complaints 5 mins Louisa Bertino-Clarke

3 Air Quality reporting 15 mins Kris Hinks

5 Other business 10 mins Independent Chair

Community initiatives

2

Community Grants Program

• New round of WestConnex community grants will open from Monday 12 October until Friday 6

November.

• For more information, including the application guidelines and to apply, visit our website:

https://www.westconnex.com.au/community/community-grant-program/.

Blue Datto Partnership

• ‘Keeping Safe’ safe driver program open to any interested high schools along the project corridor.

• Program can commence from Term 4 when restrictions are likely to ease.

• The program cost is covered by WestConnex and is aimed at year 10 students.

• The course can be a few hours or a full day, depending on what the school is able to accommodate.

Haberfield Gardens

• Opened to the community on 19 June 2020.

• IWC undertake care and maintenance.

http://www.westconnex.com.au/community/community-grant-program/

3

Complaints – Air Quality Complaints received since last AQCCC meeting

One complaint received between 2 June 2020 and 1 September 2020

• Complaint received 2 August 2020.

• Issue: ambient air quality reporting was not available on the website.

• Response: WestConnex were aware of the issue and were in the process of having it resolved.

Once resolved, data would be backdated and available on the website.

Air Quality reporting Kris Hinks

5

Air Quality reporting Exceedances occurring since last AQCCC meeting (2 June 2020)

• 06/06/2020 – Ventilation Outlet VOC

• Report certified by Independent Expert (SNC Lavalin) confirmed that exceedance was caused by the sensor

going into fault. Ecotech have since repaired the sensor

• 06 & 07/06/2020 – Ambient – PM2.5

• Report certified by Independent Expert (SNC Lavalin) confirmed that exceedance was caused by a Sydney

wide event and was not the result of tunnel operations.

• 16/06/2020 – In Tunnel - Visibility

• Planned tunnel road sweeping was occurring in the eastbound stubb prior to and during the visibility

exceedance. The Eastbound stubb links the M4 East tunnel with the M4-M5 Link tunnel and is currently not

open to traffic. Disturbed particulates as a result of sweeping resulted in the above-limit reading and was not

the result of traffic related influences.

• 10, 24 & 25/07/2020 – Ambient – PM2.5

• Report certified by Independent Expert (SNC Lavalin) confirmed that exceedance was caused by a Sydney

wide event and was not the result of tunnel operations.

• 13/07/2020 – Ambient – PM2.5 – Annual

• Report certified by Independent Expert (SNC Lavalin) confirmed that exceedance was due to poor annual

average ambient air quality within the Sydney Region potentially caused by exceptional events such as the

unprecedented NSW 2019-2020 bushfire season.

6

M4 Tunnels E24 audit report findings

There were two ‘non-conformance’ issues raised with WestConnex’s reporting and equipment as part of

the E24 Audit Report. These were known issues, that WestConnex had been working to resolve.

The non conformances have all now been closed with all works now complete.

• No validated in-tunnel data - Validated

in tunnel data reports are now published

on the linkt website:

https://www.linkt.com.au/sydney

• Vent outlet - Vent outlet baseline

assessment has now been completed and

the manual sampling is being undertaken

quarterly.

https://www.linkt.com.au/sydney

Documents

New M4 Air Quality Community Consultative Committee (AQCCC)€¦ · New M4 Air Quality Community Consultative Committee (AQCCC) Date: Tuesday, 1 September 2020 Time: 6.00pm to 8.00pm