Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event
BRISBANE , Australia, Nov. 11, 2016 /PRNewswire/ -- Aurizon Holdings Limited (AZJ:ASX; ADR: AZKHY) based in Australia, and focused on rail freight operations, today announced that Aurizon's Head of Investor Relations, Chris Vagg, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on November 17, 2016. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.
DATE: November 17, 2016
TIME: 09.00am ET
This will be a live, interactive online event where investors are invited to ask international companies their questions in real-time and to download a company's information in their "virtual trade booth" in the Exhibits section. If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.
Participation is free of charge.
It is recommended that investors pre-register to save time and receive event updates.
Recent Company Highlights
- Safety is our core value - Zero LTIFR achieved for FY2016, and 2 years LTIFT free in October 2016
- Transformation remains Aurizon's core focus with $383m in benefits delivered past three years
- Free cash flow (FCF) increased 35% to $478m driven by capex reduction and improved capital allocation
- $830m of distributions for the year ($3.2bn since IPO) including $301m surplus capital returned through a share buy-back
- 100% dividend payout ratio maintained on underlying earnings – full year dividend up 3%
Aurizon Holdings Limited (ASX: AZJ) is Australia's largest rail freight operator. Aurizon listed on the ASX in November 2010, and entered the S&P/ASX50 index in June 2011.
We operate a coal network made up of approximately 2,670kms of heavy haul rail infrastructure in Central Queensland. We also provide a range of specialist services in rail design, engineering, construction, management and maintenance, that offers large-scale supply chain solutions to a diverse range of customers Australia-wide.
Our integrated business model provides a defensive stream of earnings from our regulated track infrastructure (Central Queensland Coal Network), whilst our rail haulage business is largely leveraged to coal, iron ore, and other bulk commodities.
A core part of our strategy is a multi-year, world class transformation program. This involves identifying and implementing initiatives to create a highly focused, performance-driven culture which will reduce our cost base, drive productivity improvements and create shareholder value.
Aurizon's key milestones are to achieve transformation benefits of $380m between FY2016-FY2018 and an operating ratio of 70% (EBIT margin of 30%) in respect of FY2018. Aurizon is also targeting an average of 10.5% return on invested capital (ROIC) over the FY2016 - FY2018 period. Aurizon's long-term target is to achieve an operating ratio of less than 70% and ROIC of 12-14%.
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SOURCE Aurizon Holdings Limited