Sydney Motorway Corporation (“SMC”) was established in 2014 to facilitate the NSW Government's investments in the WestConnex (WCX) project. WestConnex was the largest ever transport infrastructure project in Australia, involving 33km of upgraded and new motorways linking the M4 & M5 corridors, providing connections to the City and Airport/Port Precinct. The three stages were planned for completion between 2019 & 2023. SMC was 100% owned by the NSW Government. There were three separate… Show more Sydney Motorway Corporation (“SMC”) was established in 2014 to facilitate the NSW Government's investments in the WestConnex (WCX) project. WestConnex was the largest ever transport infrastructure project in Australia, involving 33km of upgraded and new motorways linking the M4 & M5 corridors, providing connections to the City and Airport/Port Precinct. The three stages were planned for completion between 2019 & 2023. SMC was 100% owned by the NSW Government. There were three separate stages of WCX, totalling ~ $15 billion, which required discrete funding & management.I had a broad-based role including debt & equity funding (total of $10 billion required), cash management ($700m - $1 billion), financial control, management reporting, treasury & procurement. My key areas of focus in the role included:- funding of SMC's M4 & M5 investments (totalling ~$7 billion), including a $1.5 billion senior debt facility for the New M5 - developing & implementing an investment strategy for the ~$1 billion cash portfolio - establishing & improving financial & management reporting- merging & rationalising two finance teams, including various business process improvements- establishing & developing a company secretarial function, then a handover Show less

COMPANYSydney Airport was a Top 30 ASX listed company (mkt cap ~ $10 billion, Aug 2014) with over 100,000 shareholders. Sydney Airport’s EBITDA for CY13 was $910 million in 2013, an increase of 7% on the pcp.ROLELeading & managing teams with specific responsibility for treasury, tax, financial control & reporting, aerobilling, receivables, capex, business case approvals, procurement, customer intelligence & analytics. Reported to CFO.KEY ACHIEVEMENTS- Established… Show more COMPANYSydney Airport was a Top 30 ASX listed company (mkt cap ~ $10 billion, Aug 2014) with over 100,000 shareholders. Sydney Airport’s EBITDA for CY13 was $910 million in 2013, an increase of 7% on the pcp.ROLELeading & managing teams with specific responsibility for treasury, tax, financial control & reporting, aerobilling, receivables, capex, business case approvals, procurement, customer intelligence & analytics. Reported to CFO.KEY ACHIEVEMENTS- Established Sydney Airport’s reputation as a highly attractive & reputable borrower in 4 new global capital markets. Successfully developed & presentations for ~$15 billion in debt / equity funding with attractive terms & pricing - Balanced conflicting objectives of maximising shareholder distributions with the need for capital investment and maintaining strong credit metrics, through various credit cycles ($7 billion debt portfolio, distributions > $450m pa)- Identified a strong market opportunity and delivered a $2.5 billion debt raising, three times larger and six months earlier than required. Completed an inaugural bond issue into a new market (EUR), achieved highly attractive margins, delivering significant interest savings six months earlier than expected. - Identified & delivered significant opportunities for improvement of the Procurement function immediately after taking responsibility, negotiated and implemented a mandate for change resulting in significantly improved internal customer satisfaction - Chaired the cross functional Capex Steering Group, balancing return requirements, funding constraints and customer requirements. Reprioritised $100m in capex projects to bring forward $5m in revenue & reduce contractual risk- Drove a capital rebalancing of a maturing $650m hybrid instrument through raising senior debt, saving > $10m interest expense with no adverse impact underlying credit ratings Show less

ROLE Specific responsibilities included the $6 billion debt funding programme, managing > $500m of liquidity, financial relationships with debt providers/shareholders/credit rating agencies, valuation, etc, with three direct reports. Largest corporate bond issuer in Australia, pricing set new low benchmarks. Reported directly to CFO. Management of the insurance function for 2 years. (Included a 6 month stint as Acting CFO).KEY ACHIEVEMENTS-Established Sydney Airport’s… Show more ROLE Specific responsibilities included the $6 billion debt funding programme, managing > $500m of liquidity, financial relationships with debt providers/shareholders/credit rating agencies, valuation, etc, with three direct reports. Largest corporate bond issuer in Australia, pricing set new low benchmarks. Reported directly to CFO. Management of the insurance function for 2 years. (Included a 6 month stint as Acting CFO).KEY ACHIEVEMENTS-Established Sydney Airport’s Treasury function and team post privatisation (2002) including staff recruitment, writing of policies, maintaining credit ratings, establishing Sydney Airport as a credible borrower, complying with strict requirements in a large borrowing program.-Implemented a successful compliance program for $4.4 billion in debt facilities, negotiated the simplification of Group’s highly complex debt arrangements & release of ~$200m in cash reserves to shareholders, reduced from 36 banks down to 15- Developed comprehensive Finance & Treasury Policies, including appropriate risk / return trade-offs and negotiated annual Board (and rating agency) approval- Negotiated & delivered a $900m regearing & distribution to shareholders while convincing credit ratings agencies to retain ratings- Ensured strong communication with financial stakeholders (rating agencies, key financiers, large & smaller shareholders) to build credibility Show less

I specialised in infrastructure financing advisory work, commercial transactions and arranging debt & equity funding in infrastructure transactions in the airport, power station & toll road sectors.I was a key member of the Macquarie team advising Sydney Airport on its first credit rating and $2billion debt raising, prior to the 2000 Olympics. Following this, the Sydney Airport CFO requested my 1 year secondment to Sydney Airport after the privatisation in 2002. This led to the… Show more I specialised in infrastructure financing advisory work, commercial transactions and arranging debt & equity funding in infrastructure transactions in the airport, power station & toll road sectors.I was a key member of the Macquarie team advising Sydney Airport on its first credit rating and $2billion debt raising, prior to the 2000 Olympics. Following this, the Sydney Airport CFO requested my 1 year secondment to Sydney Airport after the privatisation in 2002. This led to the opportunity for me to join Sydney Airport on a permanent basis to build the Treasury function to manage the $4 billion debt book. Show less