Overview Key strengths Key risks Leading market position in Queensland and good footprint in New South Wales for above-rail coal-haulage. Exposed to volume risk, partially offset by high proportion of take-or-pay revenue in coal segment. Integral part of Aurizon group, which benefits from a stronger below-rail regulated network business. Recontacting risk over next three years with 23% of coal contracts expiring. Increasing share of bulk freight and greater geographical diversification following Team Global Express contract win and ramp-up. Dependent on coal-related activities, despite increase in bulk segment. We estimate the bulk and containerized freight segments now contribute about 40% to the company's revenues (about 30% of EBITDA), up from 25%-30% (15%-20% of EBITDA) in the past two to three years.
