Aurizon : Half Year Results Presentation

For personal use only

Aurizon Holdings Limited

ABN 14 146 335 622

ASX Market Announcements

ASX Limited

20 Bridge Street

Sydney NSW 2000

BY ELECTRONIC LODGEMENT

14 February 2022

Half Year Results Presentation

Please find attached for immediate release to the market, the Half Year Results presentation.

The presentation will be delivered to an analyst and investor briefing via webcast which will commence at 9.30am Brisbane time (AEST) / 10.30am Sydney time (AEDT). This briefing will

be accessible via the Company's website: https://ccmediaframe.com/?id=0rxqZpZA

Yours faithfully

David Wenck

Company Secretary

Authorised for lodgement by the Aurizon Holdings Limited Board of Directors

T [phone] | F [phone] | [e-mail]

Level 8, 900 Ann Street, Fortitude Valley QLD 4006 Australia | GPO Box 456 Brisbane QLD 4001 Australia

ersonal use only

1HFY2022 Results

14 February 2022

1HFY2022 RESULTS

Disclaimer

only	NO RELIANCE ON THIS DOCUMENT
This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as "Aurizon" which includes its related
bodies corporate (including Aurizon Operations Limited)). It includes, or references or uses as a basis for information included in this
document, certain information provided or made available to Aurizon by third parties through a process as part of which Aurizon was
provided or given access to limited information about the target business.
Whilst Aurizon has endeavoured to confirm the accuracy of the information contained in this document at the date of publication, none
of Aurizon, its related bodied corporate, or any of their respective officers, employees or representatives has independently verified,
nor will verify, the information contained in this document for accuracy or completeness. None of Aurizon, its related bodied corporate,
or any of their respective officers, employees or representatives:
• makes any representation or warranty as to the accuracy, completeness or reliability of any of the information contained in this
	document; or
	• owes you any duty, whether in contract or tort or under statute or otherwise, with respect to or in connection with this
	document, or any part thereof, including any implied representations or otherwise that may arise from this document.
	Any reliance is entirely at your own risk.
	DOCUMENT IS A SUMMARY ONLY
	This document contains information in a summary form only and does not purport to be complete and is qualified in its entirety by, and
	should be read in conjunction with, all of the information which Aurizon files with the Australian Securities Exchange. Any information
	or opinions expressed in this document are subject to change without notice. Aurizon is not under any obligation to update or keep
	current the information contained within this document. Information contained in this document may have changed since its date of
usepublication.
ersonal	NO INVESTMENT ADVICE

This document is not intended to be, and should not be considered to be, investment advice by Aurizon nor a recommendation to invest in Aurizon. The information provided in this document has been prepared for general informational purposes only without taking into account the recipient's investment objectives, financial circumstances, taxation position or particular needs. Each recipient to whom this document is made available must make its own independent assessment of Aurizon after making such investigations and taking such advice as it deems necessary. If the recipient is in any doubt about any of the information contained in this document, the recipient should obtain independent professional advice.

NO OFFER OF SECURITIES

Nothing in this presentation should be construed as a recommendation of or an offer to sell or a solicitation of or subscription or invitation of an offer to buy or sell securities in Aurizon in any jurisdiction (including in the United States), nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. This document is not a prospectus and it has not been reviewed or authorized by any regulatory authority in any jurisdiction. This document does not constitute an advertisement, invitation or document which contains an invitation to the public in any jurisdiction to enter into or offer to enter into an agreement to acquire, dispose of, subscribe for or underwrite securities in Aurizon.

INFORMATION ON ONE RAIL AND EAST COAST RAIL

The information on One Rail and East Coast Rail (and their related entities) and their respective assets contained in this document has been prepared by Aurizon using certain information provided or made available to Aurizon by third parties through a process as part of which Aurizon was provided or given access to limited information about the target business, and other publicly available information. While Aurizon has taken certain steps to confirm the accuracy and completeness of this information, neither Aurizon, or any of its officers, employees or representatives has independently verified, nor will verify, or makes any representation or warranty (express or implied) as to the accuracy or completeness of, such information.

STATEMENTS ABOUT THE FUTURE

This document contains "forward-looking statements". The words "expect", "anticipate", "likely", "intend", "should", "could", "may", "predict", "plan", "propose", "will", "believe", "forecast", "estimate", "goals', "aims", "target" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. The forward-looking statements are not based on historical facts, but rather on current beliefs, assumptions, expectations, estimates and projections of Aurizon. These statements are not guarantees or predictions of future

performance, and involve both known and unknown risks, uncertainties and other factors, many of which are beyond Aurizon's

control. As a result, actual results or developments may differ materially from those expressed in the forward-looking statements contained in this document. Aurizon cautions against reliance on any forward-looking statements or guidance.

Except as required by applicable regulations or by law, Aurizon is not under any obligation to update these forward-looking statements (or scenario analysis) to reflect events or circumstances that arise after publication.

Past performance is not an indication of future performance.

NO LIABILITY

To the maximum extent permitted by law in each relevant jurisdiction, Aurizon and its directors, officers, employees, agents, contractors, advisers and any other person associated with the preparation of this document, each expressly disclaims any liability, including without limitation any liability arising from fault or negligence, for any errors or misstatements in, or omissions from, this document or any direct, indirect or consequential loss howsoever arising from the use or reliance upon the whole or any part of this document or otherwise arising in connection with it.

2

1HFY2022 RESULTS

Safety performance

TRIFR, LTIFR and RPS all improved. Introduction of new measure (SIFRa+p) to better represent business activities and enhance focus on incidents that have the potential for serious injury

useonly	TOTAL RECORDABLE INJURY FREQUENCY RATE (TRIFR)1 AND LOST	RAIL PROCESS SAFETY (RPS)2 AND POTENTIAL SERIOUS INJURY
TIME INJURY FREQUENCY RATE (LTIFR)				AND FATALITY FREQUENCY RATE (SIFRa+p)3
Incidents per million hours worked
										6							-24%		15
										5			4.74	5.13
						-5%			Incidentsper million trainkilometres		4.38						millionper Incidents workedhours
FY2019	FY2020	FY2021	1HFY2022			FY2019		FY2020	FY2021	1HFY2022
	11.07	9.92		10.21					4							3.90	10
			9.73
											3					6.57	6.89
											2							5
	3.75	3.18		2.93	2.88			1
ersonal											0									0
			TRIFR	LTIFR								RPS [LHS]	SIFRa+p [RHS]
	› Both TRIFR and LTIFR reduced in 1HFY2022 compared to prior year by 5% and	› No serious injuries during the period
	2% respectively									› 24% improvement in RPS compared to prior year
	› TRIFR is a broader measure of all reportable injuries, including lost time,	› New measure (SIFRa+p) measures the number of incidents (across all rail and
	medical treatment and restricted work injuries
					non-rail operations) that had the potential to cause, or did cause, serious injury
	› Since FY19 the frequency of injuries with more significant consequence has		or fatality. The result is expressed per million hours worked
	continued to reduce

1. Total Recordable Injury Frequency Rate (TRIFR) is the number of instances (per million hours worked) of Lost Time Injuries, medical treatment injuries and restricted work Injuries sustained by employees and contractors. LTIFR is the number of instances of Lost Time Injuries (per million hours worked)

2. Rail Process Safety (RPS) - Signals Passed at Danger (SPAD), derailments and rollingstock-to-rollingstock collision incident. The result is expressed per million train kilometres

3. Potential Serious Injury and Fatality Frequency Rate (SIFRa+p) measures the number of incidents that had the potential to cause, or did cause, serious injury or fatality. The result is expressed per million hours worked. SIFRa+p has been measured since FY2021

3

1HFY2022 RESULTS

COVID-19: Update

Limited operational impact to date with strict protocols still in place

only
› Strict protocols in place since mid-2020 to protect our people
	› Limited direct impact to our business during the half, although border
	closures have created some challenges
	› Crisis Management Team (chaired by MD & CEO) continues to operate,
use	guided by expert advice from Aurizon's Chief Medical Officer in addition to
health and government authorities
› Lower absenteeism for COVID-19 than industry levels
	› Unplanned leave increased in January, but impact manageable
	› As an essential service, we have been able to continue to operate the
ersonal	freight supply chains that are vital for our communities, farmers,
manufacturers and the resources sector

4