Transurban Group Stapled Securities (TRAUF) Discusses New South Wales Toll Reform and Traffic Upgrades Transcript
Transurban Group Stapled Securities (TRAUF) Discusses New South Wales Toll Reform and Traffic Upgrades August 2, 2026 7:30 PM EDT
Company Participants
Craig Stafford – General Manager Strategy & Investor Relations
Michelle Jablko – CEO, MD & Director
Henry Byrne – Chief Financial Officer
Conference Call Participants
Robert Koh – Morgan Stanley, Research Division
Justin Barratt – CLSA Limited, Research Division
Matthew Ryan – Barrenjoey Markets Pty Limited, Research Division
Anthony Moulder – Jefferies LLC, Research Division
Owen Birrell – RBC Capital Markets, Research Division
Cameron McDonald – E&P, Research Division
Andre Fromyhr – UBS Investment Bank, Research Division
Ian Myles – Macquarie Research
Suraj Nebhani – Citigroup Inc. Exchange Research
Nathan Lead – Morgans Financial Limited, Research Division
Presentation
Craig Stafford
General Manager Strategy & Investor Relations
Good morning, everyone, and thank you for joining us for an update on New South Wales toll reform and June traffic. We appreciate we’re at the start of reporting season, and we have given you a lot of information at short notice. We’re joined today by our CEO, Michelle Jablko; and our CFO, Henry Byrne, who will take you through the presentation that we lodged with the ASX this morning. Today’s presentation should take around 15 minutes, and then we’ll have plenty of time for questions.
So I’ll now hand you over to Michelle to get us started.
Michelle Jablko
CEO, MD & Director
Thank you, Craig, and good morning to everyone. I’m very pleased to be speaking with you about New South Wales toll reform. From the outset of this process, the New South Wales government was clear about its objectives, and we’ve listened. We approach this as a long-term investor in Sydney. And we’ve worked constructively from day 1 to deliver cost of living relief and system reform for Sydney motorists. We know that agreements that only work for one side simply don’t hold, and this one had to work
