Atlas Arteria (ASX:ALX)

Graeme Bevans
CEO
Market Cap (AUD): 6.48B
Sector: Industrials
Last Trade (AUD): 6.76 +0 (+0%)
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1. About

Atlas Arteria (ASX:ALX) is a global owner, operator and developer of toll roads, with a portfolio of four toll roads in France, Germany and the United States. ALX is focused on ensuring its customers, and the communities in which it operates, are well served by the transport links it provides.

The businesses vision is to enhance the economic and environmental efficiency of communities in which it operates, through the ownership and operation of safe and efficient transport solutions.

ALX's strategy is to deliver growing distributions and enhance the value of its portfolio for security holders.

ALX seeks to invest in global infrastructure businesses that generate stable cash flows and offer resilient long-term performance through economic cycles.

ALX's primary focus remains on supporting organic growth within its existing portfolio businesses.  It remains open to considering accretive opportunities where there is a strong strategic and financial case, both from within, or complementary to its existing portfolio.

ALX commenced payment of distributions in April 2013 and has since provided security holders with a growing distribution profile.  The potential for payment of each distribution is assessed by the boards every six months as cash is received by ALX from its businesses.

Atlas Arteria (ALX), previously known as Macquarie Atlas Roads (MQA), was created out of the reogranisation of Macquarie Infrastructure Group into two separate ASX listed toll road groups in 2010.

ALX was externally managed by Macquarie Fund Advisors Pty Limited until 31 March 2019 when ATLAX and ATLIX terminated the Management Agreements. This followed an agreement between ALX and Macquarie Group to internalise management on 9 April 2018, and securityholder approval on 15 May 2018 at the ALX Annual General Meeting at which time the agreement became effective. On 1 April 2019, management of the entity transitioned to its current management team.

Further detail on transition arrangements can be found at Overview of legal framework.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk