1. Slide 1 AusRAILPLUS 2003 Sydney 17 November 2003 Bob Scheuber QR Chief Executive Officer

2. Slide 2 Australian Freight 2001/02  Total haul for all modes 2 billion tonnes  Rail’s share 554 million tonnes  Contestable rail market 319 million tonnes  QR’s share 153 million tonnes

3. Slide 3 QR’s Freight Mix  Bulk coal  Other mineral products  Sugar  Grain  Containers  Cattle

4. Slide 4

5. Slide 5 QR Freight Highlights 2002/03  Australian records for seventh successive year Total haul 156 million tonnes Total haul 156 million tonnes Bulk coal 139 million tonnes Bulk coal 139 million tonnes  Coal 50% up on five years ago

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7. Slide 7 And then there were three?

8. Slide 8 Two Freight Realities  Rail on rail competition  Competition by rail as a mode within the national transport market

9. Slide 9 Rail on Rail Competition  The phoney war ends  QR success in Queensland and interstate  Existing business retained  New business won

10. Slide 10 Modal Competition  Rail held back by historic lack of investment  What is rail’s position in the total transport offering?

11. Slide 11 As an industry we need to:  Collectively determine our role, and  Work together to enhance the fortunes of rail as a mode of transport

12. Slide 12 Even robust competitors must work together to have rail acknowledged as a key player in the transport market-place

13. Slide 13 Working with Government  AusLink  Australian Logistics Council  National Transport Commission

14. Slide 14 Investment  $6 billion over 10 years within QR, including $2 billion on track  $2 billion planned for next five years, including $800 million on track

15. Slide 15 Below Rail  $374 million upgrade between Rockhampton and Cairns  $130 million in central Queensland coal area  $450 million for regional Queensland

16. Slide 16 Above Rail  526 additional coal wagons  11 additional diesel electric locomotives  Major upgrade of existing electric locomotive fleet (3 for 5)  300 steel cattle wagons

17. Slide 17 We can make rail a vital and growing part of the Australian transport supply chain

18. Slide 18 Any Questions?