Aurizon’s Q1 2018: Coal Volumes & Infrastructure Update

Introduction

In May 2018, Aurizon announced its financial results for the first half of the 2018 financial year, reporting a statutory net profit after tax (NPAT) of $334 million. The company also provided updates on its operations, including details on coal volumes, acquisitions, and infrastructure projects.

Financial Performance

Aurizon’s statutory NPAT for the first half of the 2018 financial year was $334 million. Underlying earnings before interest and tax (EBIT) were $465 million. The company declared an interim dividend of 8.0 cents per share.

Operational Highlights

Aurizon moved 109.8 million tonnes of coal in the first half of the financial year. The company’s acquisitions included the One Rail Australia business, which was completed in July 2018, and the Acacia Ridge Terminal, where Aurizon reached an agreement in October 2017 to acquire the remaining 50% stake. Aurizon also noted progress on its infrastructure projects.

Infrastructure Projects and Volumes

Aurizon’s investment in infrastructure projects included the completion of the Wiggins Island Rail Project (WIRP). Coal volumes in Queensland were 63.8 million tonnes, while New South Wales volumes were 33.6 million tonnes. Aurizon’s bulk volumes were 11.2 million tonnes.

Future Outlook

Aurizon is focusing on its Rail Financing Framework to improve efficiency.
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