annual report

Australian-based Intoll reported a decent result for fiscal 2010 (the year to 2010-06-30) - an increase of 14.8% to A$74m in earnings, a 13.1% increase in EBITDA to A$190m, an 8.2% increase in operating revenues to A$236m, based on a 3.6% increase in traffic. Profit after corporate taxes was A$1.55b.

Portfolio valuation was reduced during the year from A$3.64b to A$3.43b. (An A$ is currently US$0.89)

Transurban Group report toll revenues of $696m (A$774m @$A=90c), for their FY2010 (year to June 30) an increase of 6.8% on FY2009 after allowing for the end of their M4 concession in Sydney. The group reports EBITDA of $567m (A$630m) up 13% and cash flow of $312m (A$347m) up 32%. Profit declared was $54m (A$60m) v a small loss in FY2009.

407ETR in Toronto the world's first all-electronic tollroad reports revenues of C$560m in calender 2009 a 2.5% increase on 2008's $546.5m. At C$1=US$0.931 2009 revenue is US$521.4m. (All further $#s are C$s)

Traffic dropped 2.6% to 303.5k/day from 2008's 311.7k/day, average workday trips from 377.9k to 367.3k. But average trip distance was up slightly and vehicle-kms traveled were 2,214.8m down 1.7% on the 2,252.7m of 2008.

Australia's leading toll concessionaire Transurban reports toll revenues up a solid 7.6% to A$779m in the financial year ended 30 June, and a stronger increase of 17.8% to A$480m in net earnings before interest taxes depreciation and amortization (EBITDA). Adjusting for one-off items EBITDA of A$583m was an 11.5% increase on the previous financial year. Cost reductions of A$27m were reported achieved.

407ETR in Toronto reported revenue - almost entirely toll revenue - of $519m for 2007, an increase of 13% on 2006. (based on C$=US$) That puts it up in the same league as the New York State Thruway, the Pennsylvania Turnpike, Illinois Tristate Tollway, the Sam Houston Tollway and the New Jersey Turnpike as one of the top grossing tollroads in North America.

407ETR is in its eleventh year but achieving healthy growth in traffic along with steady toll increases.