Toll Revenue and Traffic Statistics and APRR / AREA Update – 3rd Quarter 2018

23 Oct 2018

Toll Revenue and Traffic Statistics

Atlas Arteria (ALX) today released its September 2018 quarter toll revenue and traffic statistics for each of its portfolio toll roads.

Weighted average toll revenue and traffic for the September 2018 quarter1 increased by 3.4% and 0.9% respectively on the prior corresponding period (pcp) reflecting increased aggregate traffic levels at APRR, ADELAC and Warnow, partially offset by traffic decline at Dulles Greenway.

For the nine months to 30 September 2018, weighted average toll revenue grew 4.8% while traffic over the same period was 2.4% above pcp.

The table below provides a summary of the revenue and traffic performance against pcp.

 

 

Toll Revenue2 vs pcp

Traffic vs pcp

 

 

Qtr

YTD

Qtr

YTD

Traffic
Metric3

Jul-Sep
2018

Jan-Sep
2018

Jul-Sep
2018

Jan-Sep
2018

APRR

Total VKT

3.9%

5.7%

1.3%

3.3%

ADELAC

ADT

3.4%

4.3%

1.3%

2.0%

Dulles Greenway

ADT

(2.0%)

(3.1%)

(4.7%)

(5.4%)4

Warnow Tunnel

ADT

13.8%

12.7%

11.4%

9.5%

Weighted Average1

 

3.4%

4.8%

0.9%

2.4%

 
Note: Any arithmetic inconsistencies are due to rounding.
1. Weighted average based on portfolio revenue and reflects ALX’s economic interest in each asset for the period. All other figures in this release, including pcp are presented on a 100% basis.
2. Measured as Toll Revenue for APRR and Average Daily Toll Revenue for ADELAC, Dulles Greenway, and Warnow Tunnel.
3. Measured as Total Vehicle Kilometres Travelled (VKT) and Average Daily Traffic (ADT).
4. 2Q 2018 Average Daily Traffic has been restated at 53,173 vehicles from 53,146 following finalisation of the daily traffic counts.

APRR / AREA Update

As announced in France overnight by Eiffage S.A, following the in-principle agreement with the French State announced by ALX on 27 January 2017, APRR and AREA have now signed a capital investment plan by way of amendments to their respective concession contracts. The finalisation of the concession contracts amendments remain subject to French State approval.

The capital investment plan has a total value of ~€187 million, to be partly financed by local authorities. The plan consists of 12 projects including new or improved motorway exchanges, environmental protection developments, as well as customer service improvements. The additional investments will be compensated via supplemental toll increases of 0.198% per annum at APRR and 0.389% per annum at AREA over 2019-2021.

 
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For further information, please contact:

Investor Enquiries

Phillipa Chen
Head of Investor Relations 

+61 2 8232 7455

Phillipa.Chen@macquarie.com

Media Enquiries

Laura Bramwell
Public Affairs Manager

+61 2 8232 3835

Laura.Bramwell@macquarie.com