Aurizon 2020 Full Year Financial Results

 
Topic moved from News by bevans on 10 Aug 2020 11:13
  bevans Site Admin

Location: Melbourne, Australia
Interesting results James.

Their revenue went up slightly but cash flow in was down with their overall cash position being bolstered by a $500m debt facility.

Revenue is not broken out from service revenue.   why?

This smells of some serious window dressing to me.

Aurizon 2020 Full Year Financial Results

Sponsored advertisement

  Sulla1 Chief Commissioner

Aurizon Results for 2019/2020
Total Revenue - $3.0646-billion, an increase from $2.9076-billion over previous year (+5%)

EBIT - $909.0-million, an increase from $829.0-million over previous year (+10%)

Coal Division
Total Revenue - $1.775.3-billion, up from $1.724.9-billion (+3%)
EBIT - $410.6-million, down from $415.1-million (-1%).
Tonnage - 213.9-million tonnes, down from 214.3-million tonnes (-0.2%)

Network Division
Total Revenue - $1.1885-billion, up from $1.1177-billion (+6%)
EBIT - $468.9-million, up from $400.3-million (+17%)
Tonnage - 226.9-million tonnes, down from 232.7-million tonnes (-2%)

Bulk Division
Total Revenue - $608.8-million, up from $501.7-million (21%)
EBIT - $89.9-million, up from $37.3-million (+141%)
Tonnage - 48.1-milion tonnes, up from 44.6-million tonnes (+8%)
  Sulla1 Chief Commissioner

Aurizon's Bulk Division has been the star performer this year - revenues increased by $107-million, and tonnages increased by 3.5-million tonnes. Aurizon's Glencore Freighter between Townsville and Mt Isa increased Bulk East Queensland volumes by 900,000-tonnes, recovering freight lost to road on the Flinders Highway Corridor in 2017. Overall Bulk train services in Queensland increased by 42%, driven by the Linfox Hook & Pull contract (Bulk does not include Linfox volumes in its report and invoices on a per service basis).

Bulk West saw 2-million tonnes of iron ore tonnage added through the Mineral Resources contract, which leases rollingtstock and provides mainline and Esperance yard crews. South West operations added an extra 500,000-tonnes of freight from the Bunbury region.

Aurizon's market update anticipates increased rail haulage of fertilizers and demand for Electric Car battery commodities, such as nickel, cobalt, lithium and copper. Copper exploration has increased by 54% and nickel exploration by 11% over the last financial year, which is expected to lead to additional volumes for the Bulk Division.
  bevans Site Admin

Location: Melbourne, Australia
Aurizon's Bulk Division has been the star performer this year - revenues increased by $107-million, and tonnages increased by 3.5-million tonnes. Aurizon's Glencore Freighter between Townsville and Mt Isa increased Bulk East Queensland volumes by 900,000-tonnes, recovering freight lost to road on the Flinders Highway Corridor in 2017. Overall Bulk train services in Queensland increased by 42%, driven by the Linfox Hook & Pull contract (Bulk does not include Linfox volumes in its report and invoices on a per service basis).
Sulla1

Does Aurizon have their intermodal under bulk?
  Sulla1 Chief Commissioner

What was Aurizon's Intermodal Division was sold to Linfox in 2018. Aurizon's Bulk Division hook and pulls for Linfox on the North Coast and Central Lines, and hauls containerized  industrial products and concentrates on the Mt Isa line. Bulk also does the hook and pull cattle contract for Queensland Transport. Most of Bulk's Queensland operations are based out of Townsville.
  bevans Site Admin

Location: Melbourne, Australia
What was Aurizon's Intermodal Division was sold to Linfox in 2018. Aurizon's Bulk Division hook and pulls for Linfox on the North Coast and Central Lines, and hauls containerized  industrial products and concentrates on the Mt Isa line. Bulk also does the hook and pull cattle contract for Queensland Transport. Most of Bulk's Queensland operations are based out of Townsville.
Sulla1

Thanks Sulla1 I was curious why Aurizon has borrowed severla million in the past reporting year?

Also do you know how many trains per day Aurizon run on the NCL for Linfox?
  Sulla1 Chief Commissioner

Aurizon usually runs four to five Linfox trains in each direction out of Brisbane on the North Coast Line each day, which includes daily trains to Townsville and Cairns, seven freights per week to Mackay (two different trains that can run on the same days) and two per week to Rockhampton.

Additional Townsville and Cairns trains have been running this year, including the weekly pickup freight between Mackay to Townsville that has been hauling overflow freight from the Mackay trains.

A twice weekly freight also runs between Rockhampton and Longreach, and is occasionally extended to Winton.


These trains are operated by the Bulk Division and have contributed to the additional 42% in train starts for Bulk Division.
  jmt Deputy Commissioner


I was curious why Aurizon has borrowed severla million in the past reporting year?
bevans
Money is humongously cheap at the moment.

Aurizon have a $500m debt facility.

Prudent to keep cash on hand to a minimum in times of very low interest rates, and use borrowed working capital
.

Shows that quitting businesses that only generate a low EBIT, may be paying off.


A method of comparing a companies efficiency used by financial analysts, is to divide the headcount into the EBIT, to give a profitability per employee figure.

Run profitability per employee comparisons between PN and Aurizon over the last 5 years.

Aurizon at the time of privatisation had an obscene headcount, this was unsustainable for a commercial operation. Over the last decade the headcount has reduced, increasing profitability per employee, still has some way to go.

Quitting intermodal increased overall efficiency.

Sponsored advertisement

Subscribers: bevans

Display from:   

Quick Reply

We've disabled Quick Reply for this thread as it was last updated more than six months ago.