Atlas Arteria (ALX) AGM 2026 summary

Opening remarks and agenda

• Meetings held as hybrid events for both Australian and Bermudian parent entities, with clear instructions for participation and voting procedures outlined for all attendees.

• Chairs and directors from both boards introduced, with quorum confirmed and polls opened for voting on all resolutions.

Financial performance review

• 2025 saw steady traffic performance and toll revenue growth across all businesses, with proportional EBITDA up 9.3% year-on-year.

• Distributions of AUD 0.40 per security delivered in line with guidance, despite the impact of the French government's temporary supplementary tax.

• 2026 distribution guidance maintained at AUD 0.40 per security, subject to business performance and external factors.

• Q1 2026 showed limited macroeconomic impact, with overall toll revenue up 0.1% (1.6% including FX), and continued growth in Virginia.

Board and executive committee updates

• Several directors stood for re-election, each addressing their qualifications and commitment to the board.

• Chair succession process underway, with current chair confirming this is her final re-election and emphasizing the importance of an orderly transition.

• IFM nominee directors confirmed as actively contributing and aligned with board strategy, despite IFM HQ's separate stance.