North Carolina Turnpike Authority Board of Directors Meeting March 5, 2015
North Carolina Turnpike Authority Board of Directors Meeting March 5, 2015 Presentation Agenda • 2014 4 th Quarter Operations Update – Andy Lelewski, P.E. • 2014 4 th Quarter Financial Update – David Roy • Customer Service Center Update – Michelle Muir • Morrisville Parkway & Old Holly Springs-Apex Road Interchanges – Andy Lelewski, P.E. 2
2014 Fourth Quarter Update TriEx Operations Andy Lelewski, P.E. Director of Toll Road Operations 3
2014 Fourth Quarter Update Agenda • Mainline Traffic Statistics • Roadside Maintenance Statistics • Toll Transaction Statistics 4
2014 Fourth Quarter Update Triangle Expressway Mainline Traffic Statistics 4201T=I03,50%0=Tn22T 4201T=I03,50%0=Tn22T 4201T=203,50%0=InrrT 4201T=203,50%0=InrrT IT0e0asf679870:s0569..:f0 IT0e0asf679870:s0569..:f0 4201T=I03,50%01on21T 4201T=I03,50%01on21T 4201T=203,50%0Ipn22T 4201T=203,50%0Ipn22T IIe0asf679870:s0569..:f IIe0asf679870:s0569..:f 4201T=I03,50%0=on2rT0 4201T=I03,50%0=on2rT0 4201T=203,50%01InrdT 4201T=203,50%01InrdT Ire0asf679870:s0569..:f Ire0asf679870:s0569..:f 4201T=I03,50%0dnS2T 4201T=I03,50%0dnS2T 4201T=203,50%0=InSIT 4201T=203,50%0=InSIT 2=e0asf679870:s0569..:f 2=e0asf679870:s0569..:f 5 3,5l0 eragkdayTaaf-k1y,gk0023
2014 Fourth Quarter Update Triangle Expressway Roadside Maintenance Statistics 4=01T=I 4101T=I 4I01T=I 4201T=I 4=01T=2 4101T=2 4I01T=2 4201T=2 doF2 dSFI dSF= d=Fr SoFp dpFS SdFd dIFI Road Surface dSFS dpF2 doFd dpFI d=Fr SoFp d1Fd d2Fp Unpaved Shoulders d=F2 SdF1 d=FT dTFo d=F1 dIFI d=FI S1Fr Drainage ddFI dpF1 SIFd d1FS d2Fp S2Fo SoFp SIF1 Roadside dIFT SSF2 d2Fo d1Fd d2F2 SpF= SrFT S1F= Traffic Control Devices Overall drFo dIF2 dIFp d1Fp d=Fd SdFS SSFp SpFS Annual d2F1 SdFT 6
2014 Fourth Quarter Update Triangle Expressway Transponder Sales by Type 569s8Y-st760u9&78 yo6777 yp6777 ys6777 yn6777 yt6777 yS6777 y86777 y56777 y4 xN23fagy,gk:uml:-ag .kg-y9kuay,gk:uml:-ag ()Nag2lgy,gk:uml:-ag 7
2014 Fourth Quarter Update Triangle Expressway Transaction Statistics t67776777 S67776777 867776777 567776777 7 �k:45S �a=45S �kg45S emg45S �k145S �F:45S �FY45S eFd45S xam45S �3N45S %lr45S �a345S �k:45t �a=45t �kg45t emg45t �k145t �F:45t �FY45t eFd45t xam45t �3N45t %lr45t �a345t �Syx��45S �tyx��45S �5yx��45t �8yx��45t �Syx��45t �tyx��45t �5yx��45n �8yx��45n 877Py9agN202a-y,��y�gl�a3N2l: e3NFkYy,gk:uk3N2l:u 4I0uPj(=I 420uPj(=I 4=0uPj(=2 410uPj(=2 4I0uPj(=2 420uPj(=2 4=0uPj(=r 410uPj(=r 3f$)9&0569s89f$:-s8 t6P7t68tpy n6psP677sy s67n76tsny s6SsP68SPy s6S7s65SSy p6o7P688ty o65n765Sty o6Sot6o5oy 1TTd0g76$:.:7t05xy0k6-O7f$:-s = 86opo6tS5y S6ttP6st7y n6S5s6ttny s67s56P8Py s6pP86snpy p6S7s6PsPy o677S6nPsy p6n7S6Sp7y �7&$90��� 8678n6o5sy 86S5P6Sssy pSt6787y S7p6S57y jtos6n8tU n7868nny 5ts6nSoy oo56ttoy k76f7s$0-.03f$)9&0�8F0k6-O7f$:-s 5p7$ 5sp$ 55t$ 57n$ PS$ 57p$ 578$ 558$ 5 ,kgdaNyOl:NJY1ygara:Fay-kNky=kua-yl:yk::FkY2�a-y:FO=aguy3l:Nk2:a-y2:yNJay877Py9agN202a-y,gk0023yk:-y�ara:Fay�amlgNy-araYlma-y=1y9��yxO2NJ %lNazyy,Jay-kNkymglr2-a-y2:yNJ2uyxFOOkg1y2uyF:kF-2Na-yk:-y2:Na:-a-y0lgyFuaykuyda:agkYy2:0lgOkN2l:yl:Y1& 8
2014 Fourth Quarter Update Triangle Expressway Toll Transactions by Type 56:9s�&70��Y6788�9�05-&&0569s89f$:-s8 yS68776777 577$ P7$ y86o776777 o7$ y86t776777 p7$ y867776777 s7$ y56s776777 n7$ t7$ y568776777 S7$ yo776777 87$ yt776777 57$ y4 7$ (,9yj%9y�F23fy�kuuU �2-alyj�2YYy=1y�k2YU %9y�F23fy�kuuy�uagy�ag3a:Nkda 9
2014 Fourth Quarter Update TriEx Financials David Roy Director of Finance and Budget 10
TriEx Financial Update Revenue Statistics y�86n776777 y�867776777 y�56n776777 y�567776777 y�n776777 y�7 �k:45S �a=45S �kg45S emg45S �k145S �F:45S �FY45S eFd45S xam45S �3N45S %lr45S �a345S �k:45t �a=45t �kg45t emg45t �k145t �F:45t �FY45t eFd45t xam45t �3N45t %lr45t �a345t �Syx��45S �tyx��45S �5yx��45t �8yx��45t �Syx��45t �tyx��45t �5yx��45n �8yx��45n 877Py9agN202a-y,�� e3NFkYy�ara:Fa 410uPj(=I 4I0uPj(=I 420uPj(=I 4=0uPj(=2 410uPj(=2 4I0uPj(=2 420uPj(=2 4=0uPj(=r 3f$)9&0y7�7s)7 = �y S65856pso �y S6ppP6tSn �y t68Pn6pS7 �y t6sst6P5t �y t6PoP6nPP �y n6p8n65pp �y s6npn6p8t �y s6sPs68SP 1TTd0g76$:.:7t0569..:f09st0y7�7s)7 1 �y 56P5S6P7t �y 868po6so8 �y S6sps6S5t �y t65P56o5n �y t6sPp6558 �y n67n86pnP �y n6np56pnn �y n688S6n88 �7&$90��� �y 5687p6ost �y 56n776pnS �yyyyy s5P6t5s �yyyyy tpS67PP �yyyyy 8P86top �yyyyy sp86t5o �y 5677S6PsP �y 56tp86p5p k76f7s$0-.03f$)9&0�8F01TTd0�9870g987 5sS$ 5ss$ 55p$ 555$ 57s$ 55S$ 55o$ 58o$ 5 e3NFkYygara:Fay2uygamlgNa-yl:yky3kuJy=ku2u 8 ,kgdaNyOl:NJY1ygara:Fay-kNky=kua-yl:yk::FkY2�a-y:FO=aguy3l:Nk2:a-y2:yNJay877Py9agN202a-y,gk0023yk:-y�ara:Fay�amlgNy-araYlma-y=1y9��yxO2NJ %lNazyy,Jay-kNkymglr2-a-y2:yNJ2uyxFOOkg1y2uyF:kF-2Na-yk:-y2:Na:-a-y0lgyFuaykuyda:agkYy2:0lgOkN2l:yl:Y1 & 11
TriEx Financial Update Revenue Forecast vs. Actual �5t �2YY2l:u • Q2 revenues exceeded projections by �58 approximately 28% �8 e3NFkY �57 • Q2 revenues up �ara:Fa �8 �s&p7y approximately 44% year- �gl�a3Na- over-year �o �ara:Fa �8 �n&88y e3NFkY �ara:Fa �s �t&ssy �5 �t �5 e3NFkY �5 �gl�a3Na- �ara:Fa e3NFkY �ara:Fa �s&noy �8 �ara:Fa �n&npy �t&S7y �7 ��y875tye3NFkY ��y875ny�gl�a3N2l:u ��y875nye3NFkY j,lNkYy�y�P&7�U j,lNkYy�y�57&o�U j,lNkYy�y�5S&S�U 4 �ara:Fay02dFgauykgay2:3YFu2rayl0ykYYyNlYYygara:Fayk:-y0aau6y=FNya)3YF-ayNgk:uml:-agygara:Fau 12 4 e3NFkYy�ara:FauygamlgNa-yl:yky3kuJy=ku2u
TriEx Financial Update Projected Operating Expenditures vs. Actual �o �2YY2l:u • FY15 Q2 operating expenditures 13% lower than projections �s �8 • FY 15 Q2 operating �8 �gl�a3Na- expenditures up e3NFkY �8 ()ma:uau ()ma:uau e3NFkY approximately 7% year- �S&SPy �8&P8y ()ma:uau over-year �8&p5y �t �5 �5 �5 �8 �gl�a3Na- e3NFkY e3NFkY ()ma:uau ()ma:uau ()ma:uau �S&noy �S&n8y �S&85y �7 ��y875tye3NFkY ��y875ny�gl�a3N2l:u ��y875nye3NFkY j,lNkYy�y�n&P�U j,lNkYy�y�p&7�U j,lNkYy�y�s&t�U 4 e3NFkYylmagkN2:dya)ma:uauygamlgNa-yl:yky3kuJy=ku2u 13
Customer Service Center Update Michelle Muir Director of Customer Service 14
CUSTOMER SERVICE CENTER • Team exceeded $100,000 in a single day/ $.5m week • Continued Improvement Efforts on Address Data • Marketing & Transponder Sales • Tabling Opportunities • Bill By Mail Inserts • Partnership and Communication with RTP Based Organizations • Website improvement planning • Closures and Adverse Weather Policy Development 15
Collections Efforts on Delinquent Accounts Where we are today . . . DMV Hold • 56,282 accounts have been placed on hold program to date • Second phase account review resulted in 16,813 new account placements in last 90 days • 17,849 accounts have paid to remove the hold • 38,433 accounts are currently on hold with a current value of $5,516,793 16
Collections Efforts on Delinquent Accounts Where we are today . . . Collections Agencies • 209 accounts currently being pursued as of 3/2/2015 • Total: $207,394 • 46 accounts have paid in full • Total: $76,375 • Delinquent accounts $500+ and/or out-of-state continue to be placed with the agency 17
Morrisville Parkway & Old Holly Springs-Apex Road Interchanges Andy Lelewski, P.E. Director of Toll Road Operations 18
Morrisville Parkway Extension & Old Holly Springs-Apex Road Interchanges Agenda • Background (2008 – 2014) • Project Delivery (2015 – 2018) 19
Background �-66:8�:&&70k96��9�0 as$76f�9s�70 �&t0�-&&�0uY6:s�8( 3Y7�0as$76f�9s�70 20
Background Morrisville Parkway Interchange Steps taken during construction of the Triangle Expressway • Constructed bridge over Expressway • Purchased Right of Way 21 • Anticipated toll zone locations
Background Old Holly Springs-Apex Road Interchange Steps taken during construction of the Triangle Expressway • Constructed full depth paved shoulders on Expressway • Purchased Right of Way • Anticipated toll zone locations 22
Background Concept Reports • 35-year study period • Project Capital Cost • Project Operating Cost • Project Revenue • Positive net present value • Morrisville Parkway Extension $11.2 million • Old Holly Springs-Apex Road $23.9 million 23
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