Aurizon : Half Year Report

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 Report

Please find attached for immediate release a copy of the Company's Half Year Report for the period ended 31 December 2021.

In accordance with the relief from dual lodgement of financial statements under ASIC Class Order 98/104, the Half Year Report will not be lodged separately with ASIC.

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

For personal use only

Aurizon Holdings Limited

ABN 14 146 335 622

Interim Financial Report

for the six months ended 31 December 2021

For personal use nlyo

Interim Financial Report

for the six months ended 31 December 2021

CONTENTS

Director's Report

Page 1

Operating and Financial Review

Page 3

FINANCIAL STATEMENTS

Condensed consolidated income statement

Page 21

Condensed consolidated statement of comprehensive income

Page 22

Condensed consolidated balance sheet

Page 23

Condensed consolidated statement of changes in equity

Page 24

Condensed consolidated statement of cash flows

Page 25

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

About this report

Page 26

Key events and transactions for the reporting period

Page 26

Results for the six

Capital management

Other notes

Unrecognised items and

months

events after reporting

date

1.

Segment information

5.

Dividends

9.

Summary of significant

11.

Commitments and

2.

Income tax

6.

Contributed equity

accounting policies

contingencies

3.

Acquisition of

7.

Borrowings

10.

Critical accounting

12.

Events occurring after

businesses,

8.

Financial instruments

estimates and

the reporting period

subsidiaries and

judgements

investment in joint

ventures

4.

Discontinued

operations

SIGNED REPORTS

Directors' declaration

Page 41

Independent auditor's review to the members of Aurizon Holdings Limited

Page 42

ASX INFORMATION

Non-IFRS Financial Information

Page 44

Aurizon Holdings Limited

Directors' Report

31 December 2021

For personal use only

Directors' Report

The Directors present their report on the consolidated entity consisting of Aurizon Holdings Limited and its controlled entities ("the Company" or "the Group") for the six months ended 31 December 2021.

Directors

The following persons were Directors of the Company during the six months, or up to the date of this report:

1. Poole M Bastos R Caplan
   M Fraser (retired 11 February 2022) A Harding
   S Lewis S Ryan L Strambi K Vidgen

Principal activities

During the interim reporting period the principal activities of the Group consisted of:

• integrated heavy haul freight railway operator
• rail transporter of metallurgical and thermal coal from mine to port for export markets
• rail and road transporter, port services provider and material handler of bulk, iron ore, and containerised freight
• large-scalerail services activities

The following summary describes the operations in each of the Group's reportable segments:

Coal

Transport of metallurgical and thermal coal from mines in Queensland and New South Wales to domestic customers and coal export terminals.

Bulk

Integrated supply chain services, including rail and road transportation, port services and material handling for a range of mining, metal, industrial and agricultural customers throughout Queensland, New South Wales and Western Australia.

Network

Manages the provision of access to and operation of the Central Queensland Coal Network (CQCN).

Review of operations

A review of the Group's operations for the interim reporting period and the results of those operations are set out in the Operating and Financial Review as set out on pages 3 to 19 of this interim financial report.

Dividends
Dividends paid to members during the six months were as follows:
	Cents per
	Share	$m
Declared and paid during the period
For the six months ended 31 December 2021
Final dividend for 2021 (70% franked)	14.4	265.0
s
For the six months ended 31 December 2020
Final dividend for 2020 (70% franked)	13.7	262.3

The Directors have declared a 95% franked interim dividend of 10.5 cents per ordinary share for the six months ended 31 December 2021. The Conduit Foreign Income component of the dividend is nil. The Record Date for determining dividend entitlements for the dividend declared is 1 March 2022. The payment date is 30 March 2022.

1

For personal use only

Aurizon Holdings Limited

Directors' Report

31 December 2021

(continued)

Rounding of amounts

The amounts contained in this report and in the financial statements have been rounded to the nearest $100,000 unless otherwise stated (where rounding is applicable) in accordance with ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191. The Company is an entity to which the instrument applies.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 20.

This Directors' report is made in accordance with a resolution of Directors.

Tim Poole

Chairman

Brisbane

14 February 2022

2