Full Year 2017 Results

28 Feb 2018

Macquarie Atlas Roads (MQA) today announces its full year results for the 12 months ended 31 December 2017.

2017 financial highlights

  • Statutory net profit of A$519.6 million largely comprising a revaluation gain of A$375.6 million relating to the acquisition of an additional 50% economic interest in Dulles Greenway as well as the share of net profit from MQA’s investment in APRR.
  • Aggregate portfolio traffic grew 2.7% compared to the prior corresponding period (pcp), underpinned by continued traffic growth on the APRR network, partially offset by traffic performance at the Dulles Greenway.
  • Proportionate revenue increased 3.9% to A$878.2 million, reflecting a combination of increased aggregate traffic levels and revised toll schedules implemented over the last 12 months.
  • Proportionate EBITDA from road assets increased 4.8% to A$652.8 million.
  • Full year 2017 distribution paid of 20.0 cents per security (cps), up 11.1% from 18.0 cps in 2016.
  • Increase in full year 2018 distribution guidance to 24.0 cps, up 20.0% from 2017, subject to asset performance, movements in foreign exchange rates and future events. MQA anticipates declaring a first half 2018 distribution of 12.0 cps during March 2018.

Full Year 2017 Results Documents

Results ASX Release

Appendix 4E

Results Presentation

Financial Report to 31 Dec 2017

Management Information Report to 31 Dec 2017

For further information, please contact:

Investor Enquiries

Phillipa Chen
Head of Investor Relations 

+61 2 8232 7455

[email protected]

Media Enquiries

Navleen Prasad
Public Affairs Manager

+61 2 8232 6472

[email protected]