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August 29, 2015 5:34 PM ET

Transportation Infrastructure

Company Overview of 407 International Inc.

Company Overview

407 International Inc., through its subsidiaries, owns, operates, and maintains highway 407 in Canada. The Highway 407 is an all-electronic open-access toll highway, which stretches 108 kilometers from Burlington to Pickering, Canada that connects to seven other large freeways. The company was founded in 1993 and is headquartered in Woodbridge, Canada.

6300 Steeles Avenue West

Woodbridge, ON L4H 1J1

Canada

Founded in 1993

425 Employees

Phone:

888-407-0407

Fax:

905-264-5315

Key Executives for 407 International Inc.

Chief Executive Officer, President, Director, Member of Audit Committee, Member of Executive Committee and Member of Corporate Governance & Compensation Committee
Interim Chief Financial Officer and Interim Corporate Secretary
Chief Information Officer
Vice President of Marketing, Communications and Government Relations
Director of Communications
Compensation as of Fiscal Year 2015.

407 International Inc. Key Developments

407 International Inc. Reports Earnings and Traffic Results for the Second Quarter and Six Months Ended June 30, 2015

407 International Inc. reported earnings and traffic results for the second quarter and six months ended June 30, 2015. The company announced revenues of $257.2 million for the second quarter of 2015, compared to $228.5 million for the same period of 2014. Earnings before interest, taxes, depreciation and amortization totalled $225.9 million for the second quarter of 2015 as compared with $195.2 million for same period of 2014. The company reported net income of $76.6 million for the second quarter of 2015, compared with net income of $45.4 million for the same period of 2014. Income before tax was $105.7 million compared to $61.4 million for the same period of 2014. For the six months, the company's revenues were $471.2 million compared to $413.8 million for the same period of 2014. Income before tax was $191.0 million compared to $109.3 million for the same period of 2014. Net income was $139.3 million compared to $80.7 million for the same period of 2014. For the quarter, the company reported total trips of 31.487 million compared to 30.472 million a year ago. Total vehicle kilometres was 647.957 million compared to 627.343 million a year ago. For the six months, the company reported total trips of 58.084 million compared to 56.564 million a year ago. Total vehicle kilometres was 1,178.151 million compared to 1,145.192 million a year ago.

407 International Inc. Declares Dividend on Common Shares, Payable on or About July 16, 2015

407 International Inc.'s board of directors declared an eligible dividend of $0.242 per common share, payable on or about July 16, 2015 to shareholders of record on July 16, 2015.

407 International Inc. Announces Executive Changes

407 International Inc. announced that the Board of Directors also accepted the planned departure of Mr. Louis-M. St-Maurice as Chief Financial Officer and Corporate Secretary and thanked Mr. St-Maurice for his excellent performance and service to the Company. Mr. St-Maurice joined the Company in 2010 and has overseen a period of financial growth and development. The Board of Directors has appointed Mr. Geoffrey Liang as Chief Financial Officer and Corporate Secretary on an interim basis. Mr. Liang has been with the Company since 1999, and most recently held the position of Managing Director - Finance and Treasurer, where he reported directly to Mr. St-Maurice.

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