1. Network Rail Infrastructure Limited Interim Results 2006/07 1 April – 30 September 2006
27 November 2006

2. Contents The half-year in review: Financial highlights
safety
performance
savings
investment
Financial highlights
Challenges ahead

3. Safety Rail has overtaken air as the safest form of transport
SPAD risk has reduced by 90% since 2001
Broken rails reduced to another record low

4. Safety – rail is now the safest form of transport
Fatality risk (as a multiple of rail)
Per passenger km
Source: RSSB

5. SPAD risk (signals passed at danger)
SPAD risk has seen a 90% reduction
since 2001
Mar Mar Mar Mar Mar Mar 06
Source: RSSB

6. Broken rails – at record low levels
256
Number of broken rails in the first half of each year since 1999
178
152
105 85 79
Target
performance 59 40

7. Performance Continued improvement in punctuality
Best train punctuality for seven years:
89.5% of trains ran on time over the half-year
Network Rail has reduced its delay minutes for the half-year over the past four years by 29%
Moving annual average (MAA) now at 88.1%
Predicting 90% MAA a year earlier than previously forecast – now forecast during 2007/8

8. Performance PPM – calendar year to date Best October for eight years
PPM average over the half-year: 89.5%

9. Network Rail took over – MAA at 78.6%
Performance
Pre-Hatfield MAA
P7 ’00/01 – 86.1%
100%
PPM now at seven year high
Current MAA is 2.4 points higher than this time last year
95%
Network Rail took over – MAA at 78.6%
90%
85%
80%
Current MAA 88.1
PPM Punctuality
75%
70%
65%
60%
55%
00/01
01/02
02/03
03/04
04/05
05/06
06/07
Period Result
MAA

10. Performance
Train delays reduced by 29% for the half-year over the past four years
6.26
million minutes
5.46
4.77
4.47

11. Savings
Operating and maintenance costs continue to be reduced and significant efficiencies made
over £1.1bn taken out of the cost of running the railway in the past 2½ years
equivalent to 25% efficiency saving
On course to deliver ORR target of 31% by 2008/9

12. Savings –
this graph illustrates the savings made over the past 2½ years
Pre-efficiency
Actual
Total saving of £1.1bn
£558m saving
£546m saving
£ millions

13. Investment Continued high levels of investment and work volumes
£1.5bn invested in renewals and enhancements in the half-year
Over £600 million to be spent this financial year on enhancements

14. Investment – enhancements
Over £600 million to be spent this year on enhancing the railway – some examples
Small / medium 3rd party schemes:
New stations – Liverpool Parkway
Station improvements – Salford,
St Helens, Wembley
Projects for 2012
Safety schemes:
Level crossing improvements
SPAD mitigation work
Handrails and non-slip
surfaces
Thameslink scheme
development
Final parts of the
Southern power
upgrade
Scotland & Wales schemes:
Edinburgh Waverley
Airdrie to Bathgate
Platform extensions
Improving station access for the disabled
King’s Cross station improvements
Continuing West Coast improvements
Small / medium schemes:
New depot at Bristol
New platforms at Marylebone & Bristol
New station entrances at Streatham Common & West Malling
Platform extension at Beckenham Junc

15. Financial highlights Profit (loss) before tax 747 (108)
1 April to 30 September
2006 (£m)
2005 (£m)
Revenue
2,884
1,900
Capital expenditure
1,480
1,388
Operating profit
1,199
263
Fixed assets (railway network)
27,234
24,564
Net debt
17,929
16,750
Net interest payable
(510)
(466)
Profit (loss) before tax
747
(108)
Profit (loss) after tax
523
(109)

16. The challenges ahead Deliver for customers Grow the railway
meeting passenger and freight users expectations
Grow the railway
almost £2.5bn to be spent on enhancement schemes over the
next 2½ years
move ahead with route utilisation strategies - two
completed, three out in consultation, six underway, eight to start
big schemes to deliver:
West Coast (Trent Valley, Rugby, Nuneaton)
Thameslink upgrade
Drive for even better safety and train performance
Continue huge renewals programme
Continue the drive for savings and value

17. Network Rail Infrastructure Limited Interim Results 2006/07 1 April – 30 September 2006
27 November 2006

18. Average profit over period £210m
Moving into profit
Actual
Forecast
Average profit over period £210m