Macquarie Atlas report stronger traffic in France, UK, US flat
By Peter Samuel
Macquarie Atlas (MQA) reporting 2010 results to the Australian stock exchange show traffic up strongly in France especially truck traffic, slightly up in the UK but flat or down a bit in the US. Chicago Skyway traffic is down 4.9% to an average daily 44,987 from 47,296 in 2009. Dulles Greenway traffic is down in 2010 to 47,663 v 49,412 in 2009, a decline of 3.5%.
Indiana Toll Road traffic at 28,097 is a 0.1% hair down on 2009's 28,120. (ITR traffic is reported as FLETs or full length equivalent trips, so actual trips most being less than the length of the road are much greater in number.)
Good news there is the long distance ticket traffic with almost half trucks is up - by 2.7% - offsetting a fall in the commuter heavy barrier system at the western end - down 6.7%.
MQA has written off completely its interest in the South Bay Expressway in San Diego and doesn't report results there.
Traffic on the French APRR (Autoroutes Paris Rhine Rhon) has seen a 2.6% increase reported in vehicle-kms traveled with a strong increase in truck traffic (6.1%) and a weaker rise in cars (2%). Toll revenue is E1.88b v E1.80b, up 4.3%. (At E1 =$1.38 this is $2.6b v $2.48b).
M6Toll in England had average daily traffic of 39,781 up 3.2% on 2009. Revenue was up 5.8% to Pd62.7m at $1.61=UKPd is $101m.
Indiana Toll Road revenues are running $164m/yr up 9.5% on 2009, an increase that reflects the greater strength of truck traffic and a toll increase.
Chicago Skyway revenue by contrast is down 6.9% to $59.2m, apparently reflecting lower employment in the Chicago area.
Dulles Greenway toll revenue was $65.3m up just 1.8% on 2009.
MQA's Chief Executive Officer, Peter Trent, is quoted: "While global economic conditions remained challenging for most of 2010, there has been continued improvement in economic activity in the countries in which MQA's portfolio assets are located. This, combined with toll increases during the period, has been reflected in improved traffic volumes and revenues across the portfolio.
"Traffic volumes, revenue and EBITDA increased by 2.1%, 4.5% and 5.4% respectively on a proportionally consolidated basis. These results were achieved despite harsh winter conditions in the northern hemisphere, which impacted traffic volumes in both the first and fourth quarters of 2010."