Full Year 2018 Results

28 Feb 2019

Atlas Arteria (ALX) today announces its full year results for the 12 months ended 31 December 2018.

2018 Financial highlights

  • Statutory net profit of A$59.9 million, driven by the consolidation of Dulles Greenway’s results for the full year and ALX’s share of net profits from its investment in APRR, partially offset by performance fees paid in accordance with and due to the renegotiation of the management agreements.
  • Weighted average portfolio traffic grew 1.5%, compared to the prior corresponding period (pcp), reflecting traffic growth at ALX’s European businesses, offset by traffic decline at the Dulles Greenway.
  • Proportionate revenue and EBITDA increased 4.1% and 4.8% to A$1,162.3 million and A$869.4 million respectively, reflecting a combination of growth in aggregate traffic levels and toll increases.
  • Securityholders approved the Internalisation Proposal and the change of name to Atlas Arteria at ALX’s Annual General Meeting in May 2018. Transition to internalisation is progressing and will be completed by 15 May 2019.
  • Full year 2018 distribution paid of 24.0 cents per security (cps), up 20.0% on pcp.
  • Full year 2019 distribution guidance of 30.0 cps reaffirmed, up 25.0% from 2018.
  • First half 2019 distribution of 15.0 cps, anticipated to be declared in late March with payment by mid-April 2019.

Full Year 2018 Results Documents

Results ASX Release

Appendix 4E

Results Presentation

Financial Report to 31 Dec 2018

Management Information Report to 31 Dec 2018

For further information, please contact:

Investor Enquiries

Phillipa Chen
Head of Investor Relations 

+61 2 8232 7455

[email protected]

Media Enquiries

Laura Bramwell
Public Affairs Manager

+61 2 8232 3835

[email protected]