| FOUR-YEAR SUMMARY | ||||
FY12 $M |
FY11 $M |
FY10 $M |
FY09 $M |
|
| UNDERLYING PROPORTIONAL RESULTS1 | ||||
| Toll Revenue | 943.9 |
891.0 |
809.7 |
778.7 |
| Total Revenue | 1047.2 |
973.0 | 880.3 |
843.7 |
| Proportional EBITDA | 784.0 |
718.7 |
635.3 |
583.4 |
| STATUTORY RESULTS2 | ||||
| Toll Revenue | 765.4 |
724.1 |
684.4 |
678.3 |
| Net Profit / (Loss) | 58.6 |
118.2 |
59.6 |
(16.1) |
| BALANCE SHEET METRICS | ||||
| Total Equity | 3487.1 |
3,992.4 |
4,176.5 |
3,841.1 |
| Distribution per security (cents) | 29.5 |
27.0 |
24.0 |
22.0 |
Other FY12 financial highlights include:
- Distributions. We have confirmed a final distribution of 15.0 cents, bringing the FY12 total to 29.5 cents – a 9.3% increase on FY11 and the third consecutive year of distribution growth.
- Our FY13 guidance is for a distribution of 31 cents.
- Cost control. We have demonstrated continued discipline over costs, helping drive an 11% increase in free cash.
- Financing. In the past 12 months, Transurban has successfully refinanced $2 billion including A$708 million in corporate debt and $1,240 million in asset debt. We have no material corporate refinancing requirements in the next 12 months.
- Technology. We successfully implemented our new tolling and customer management system – GLIDe – on our largest asset, CityLink.
1. The Group's underlying proportional result reflects business performance. The exclusion of certain items permits a more appropriate and meaningful analysis of the Group's underlying performance on a comparative basis. This method of presentation differs from the statutory accounting format.
2. Statutory results are available in the online financial statements.
