Fiscal Year th Quarter Report Quarterly Report of Actual Traffic and Toll Revenue For period ending August 31, 2018

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1 Fiscal Year th Quarter Report Quarterly Report of Actual Traffic and Toll Revenue For period ending August 31, 2018 Footer Text Date

2 Table of Contents Section Page Number Disclaimer 3 Notes and Observations 4-5 Significant Events and Disclosures 6-9 SECTION I: CTTS Overview Executive Summary 11 SECTION II: CTTS Traffic Historical Monthly Transactions Historical Monthly Transactions by Facility 15 Historical Monthly Transactions by Vehicle Type 16 Historical ETC vs. PBM Transactions 17 SECTION III: CTTS Toll Revenue Historical Monthly Toll Revenue Historical Monthly Toll Revenue by Facility 21 SECTION IV: Debt Service Coverage Actual Debt Service Coverage 23 SECTION V: Additional CTTS Information CTTS Map 25 Toll Rate Information 26 Data Tables

3 Disclaimer Information in this report regarding the Central Texas Turnpike System (CTTS) has been compiled and provided by the Texas Department of Transportation (TxDOT) records and other sources which are believed by TxDOT to be reliable and is provided as a voluntary disclosure. TxDOT does not make any warranty concerning the usefulness of such information to a decision to invest in, hold, or sell bonds, notes or other obligations payable, in whole or in part, from the sources pledged to the payment of the Issues. 3

4 Notes and Observations The CTTS Fiscal Year Report provides information on projected transactions and toll revenues compared to actuals. Transaction and toll revenue projections used in this report are based on the transaction and toll revenue projections documented in the 2014 CTTS Traffic and Revenue Forecast dated December 30, 2014, and has been seasonally adjusted to better represent the month-to-month trends established over recent years. All toll revenue projections are based on the assumed shares of transactions by payment method and adjusted to reflect anticipated losses due to uncollectable transactions assumed at the time the 2014 forecasts were prepared. Toll revenue reported excludes customer service and administrative fees and charges. Transaction and toll revenue trends may not exactly correlate on a monthly or quarterly basis due to the following factors: A transaction occurs when a vehicle passes thru a tolling point. Transaction counts are generated through the roadway Toll Management System (TMS) and toll revenue is derived from Conduent s Vector4G back office system reports. Transactions are reported in the month in which they occur. Toll revenue for Electronic Toll Collection (ETC) transactions are recognized when they are earned, which is at the time the transaction occurs. Pay By Mail (PBM) toll revenues are recognized when cash payment is received. For example, a PBM transaction may be reported in one month, but toll revenue for that transaction may not be received until a later month. Each transaction may result in a different amount of collected toll revenue depending on the rate charged for the number of axles, type of transaction (ETC or PBM), and tolling point. 4

5 Notes and Observations Seasonal impacts, such as holidays and the number of weekdays in each month, have an impact on month-to-month changes in toll revenue and transactions. A fiscal year end adjustment is made to toll revenue in the Annual Financial Report to reflect PBM toll revenues earned but not collected, less an allowance for doubtful accounts. Thus total annual toll revenues in the Annual Financial Report should reflect the toll revenue earned, adjusted for an allowance for doubtful accounts, during the fiscal year for transactions that occurred in that fiscal year. Transactions include counts when the lane system is placed into event mode (suspended transactions) which means tolling is turned off to facilitate traffic management during traffic incidents or other emergencies. Toll waiver transactions are reported in the period they occur. Traffic and toll revenue data table for individual roadways may vary slightly from the CTTS totals due to rounding. Data in this report is unaudited. 5

6 Significant Events and Disclosures Toll Rate Escalation - The Commission s toll rate policy for CTTS includes annual escalation of toll rates based on increases in the Consumer Price Index-Urban. Minute Order adopted by the Commission on October 26, 2017 accepted a 1.90% toll rate escalation/increase which took effect January 1, Interoperability Update - Implementation of the Central United States Interoperability (CUSIOP) agreement and related systems integrations began May 13, The integration of systems resulted in periodic delays in posting transactions, revenues, expenditures, invoicing, and settlement of interoperability tolls and fees. PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Section III: CTTS Toll Revenue.. TxDOT expects to enter into one or more additional interoperability agreements involving other states to comply with the Moving Ahead for Progress in the 21st Century Act which requires all operators of toll facilities on federal-aid highways to implement technologies or business practices that provide for the interoperability of ETC programs, meaning that all transponders can be read on all facilities to provide a seamless process to all patrons on all facilities. On June 29, 2017, the Commission authorized TxDOT to enter into a separate interoperability agreement with other Texas toll entities, the Oklahoma Turnpike Authority, the Kansas Turnpike Authority, and Florida s Turnpike Enterprise (Southeast United States Interoperability Hub SSIOP ) related to the interoperability of their respective ETC programs through the use of the CUSIOP Hub and the SSIOP Hub. The SSIOP Hub is owned, operated and maintained by Florida s Turnpike Enterprise and provides for interoperability of transponders on multiple facilities in the states of Florida, North Carolina, South Carolina, Georgia, and Alabama. TxDOT anticipates that there will be continuing efforts to advance interoperability through both the CUSIOP and SSIOP agreements. 6

7 Significant Events and Disclosures Cont. SB 312 Update - The 85th Texas Legislature passed SB 312 related to TxDOT operations which was signed into law by the Governor on June 9, SB 312 requires multiple changes to TxDOT's toll collection and enforcement procedures effective March 1, 2018; specifically, the changes require customers without valid electronic toll collection transponders or tags to receive an invoice for payment of tolls after using a TxDOT operated toll project and includes provisions relating to the invoicing of transactions on CTTS that are currently categorized as PBM. SB 312 permits customers to opt into electronic invoicing and requires rules to be created to implement a fee system that levies a single administrative fee per invoice not to exceed $6 per invoice and cumulative administrative fees not to exceed $48 annually, which replaces the previous system that levied fees at a higher rate on a per transaction basis. On January 25, 2018, the Commission adopted rules to implement SB 312 which rules include an administrative fee of $4 per unpaid invoice with a maximum of $48 in administrative fees per person in a 12-month period. The fees referenced in SB 312 are separate from a statutorily-authorized mailing fee which may be added to mailed invoices. The new invoice based fee structure was implemented March 1, 2018 and administrative fees were assessed beginning August 9, Fee Dismissal Policy - TxDOT implemented a one-time dismissal policy in April 2018 for all unpaid administrative fees, which included delinquent toll violation, collection and court fees (collectively, "Dismissed Fees") relating to unpaid toll transactions that occurred between January 1, 2007 and November 1, 2017 for the CTTS. The Dismissal Policy does not affect the unpaid tolls due from toll transactions related to the Dismissed Fees. Additional information regarding the fee dismissal policy may be obtained by viewing the voluntary filing made by TxDOT with the Municipal Securities Rulemaking Board through its Electronic Municipal Market Access (EMMA) system on April 12, 2018 relating to the outstanding CTTS obligations and may be accessed over the internet at The fee dismissal EMMA filing is hereby incorporated by reference into and made a part of this report as if set forth herein. US 290 East Phase 3 Update - The Commission adopted Minute Order on June 29, 2017 authorizing a direct connector expansion project on a portion of the SH 130 element of the CTTS. TxDOT and the Central Texas Regional Mobility Authority (CTRMA) proceeded with development of projects at the interchange of SH 130 and CTRMA s toll facility in the US 290 East corridor (290 Toll) in Travis County. The SH 130 direct connector and related improvements paid with CTTS revenues is part of the SH 130 element of the CTTS and will be located at the eastbound 290 Toll connecting to southbound SH 130. In Minute Order , the Commission also approved the connection to a segment of the state highway system (at southbound SH 130 to westbound 290 Toll and northbound SH 130 to westbound 290 Toll) of two other direct connectors being developed, financed, constructed and operated by CTRMA as its Manor Expressway Phase III Project which CTRMA direct connectors and related improvements are not part of the CTTS. On June 18, 2018, TxDOT and CTRMA executed agreements for the construction and delivery of this project. Pursuant to these agreements, CTRMA is responsible for construction of all direct connectors including the TxDOT SH 130 connector and related improvements. 7

8 Significant Events and Disclosures Cont. SH 130 Expansion Project Update - The Commission adopted Minute Order on January 26, 2017 authorizing TxDOT to proceed with the SH 130 expansion project to add an additional toll lane in each direction from SH 45N to US 290 (approximately 9 miles of Segment 2 of SH 130) and from US 290 to SH 71 (approximately 11.4 miles of Segment 3 of SH 130), and to expend funds from the capital contribution account of the construction fund created under the CTTS indenture for that purpose. This project was divided into the following two separate construction contracts for letting: Segment 2 - adds an additional toll lane in each direction from SH 45N to US 290 (approximately 9 miles). The project was let by TxDOT on December 1, Contract awarded to OHL USA, Inc. in April, Construction is scheduled to be complete in Segment 3 - adds an additional toll lane in each direction from US 290 to SH 71 (approximately 11.4 miles). The project is currently anticipated to be let in Calendar Year CTTS Annual Inspection Report - The CTTS Annual Inspection Report for Fiscal Year 2018 was presented to the Commission at its May 24, 2018 meeting. The document can be accessed at Updated CTTS Traffic and Toll Revenue Report - TxDOT commissioned an updated CTTS Transaction and Toll Revenue Report to establish updated projections to be used in this report and better compare month-to-month trends. The CTTS Transaction and Toll Revenue Report EMMA filing is hereby incorporated by reference into and made a part of this report as if set forth herein. The document can be accessed at 8

9 Significant Events and Disclosures Cont. Customer Service Center and Interoperability Fee Revenues - As previously disclosed, the Commission and TxDOT continually monitor and evaluate its fee structure and allocation methodology for customer service center (e.g., fees for mailing or faxing statements, replacement tags, bumper or motorcycle tags, tags without autopay) and interoperability fee revenues. Prior to 2016, a large portion of the customer service center fees not attributable to a particular CTTS toll transaction were deposited into the CTTS Revenue Fund held by The Bank of New York Mellon Trust Company, N.A., as trustee, pursuant to the Trust Indenture dates as of July 1, 2002 (the CTTS Revenue Fund ). In 2016, TxDOT decided, effective for Fiscal Year 2016, to direct non-roadway specific revenues, including certain customer service center and interoperability fee revenues, to TxDOT, rather than CTTS, to offset the operating costs incurred by TxDOT resulting from its expanded toll operations for TxDOT owned and/or operated toll facilities and systems including CTTS. In August 2018, TxDOT decided to utilize CTTS as the back office system provider for all TxDOT owned and/or operated toll roads and systems and, as a result, all customer service center and interoperability fee revenues collected were transferred to CTTS. In that regard, on August 27 and 28, 2018, TxDOT deposited into the CTTS Revenue Fund approximately $37,419,000 of unspent customer service center and interoperability fee revenue (the August 2018 Deposit ) that was collected over the 2016, 2017 and a portion of 2018 Fiscal Years and held within the State Highway Fund and accounts governed by the Master Lockbox and Custodial Account Agreement. Future customer service center and interoperability fee revenues will be deposited directly into the CTTS Revenue Fund. No adjustment to the CTTS financial statements are being made for Fiscal Years 2016 and In an effort to help reduce back office system costs and eliminate payment of transaction-based vendor fees, TxDOT is in the process of developing a new back office system tailored for TxDOT s needs to be owned by TxDOT through CTTS. TxDOT currently anticipates that the capital costs of the new CTTS back office system project implementation and support will be approximately $57,000,000 to be paid over Fiscal Years TxDOT also anticipates that the August 2018 Deposit together with the customer service center and interoperability fee revenues collected during Fiscal Years will be sufficient to pay the capital costs of the back office system project. The allocation of expenses directly associated with the collection of the customer service center and interoperability fee revenues remain subject to TxDOT policies to achieve an equitable allocation of expenses among TxDOT owned and/or operated toll roads and systems as such policies currently exist or as hereafter updated from time to time including in connection with implementation of the new back office system. Additional Information - Published CTTS reports may be accessed at: Additional information on the CTTS, including a current toll rate schedule may be accessed at: Such reports and additional information should not be considered to speak as of any date other than the date indicated in such document. 9

10 Section I: CTTS Overview Footer Text Date 10

11 Traffic Millions Millions Millions Executive Summary Historical Monthly Transactions Summary Historical Monthly Toll Revenue Summary FY2016 FY2017 FY2018 $25 $20 FY2016 FY2017 FY $15 $ Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug $5 $0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Actual vs. Projected Transactions and Toll Revenue $18 14 $16 $14 12 Actual Traffic Actual Toll Revenue Projected Traffic Projected Toll Revenue $12 $10 Revenue Millions Debt Service Coverage 4.20x 1st Tier Debt Service Coverage Debt Service Coverage 3.50x 2.80x 2.10x 1.40x 0.70x 1st Tier Rate Covenant Rate Covenant 10 $8 0.00x FY14 FY15 FY16 FY17 FY18 11

12 Section II: CTTS Transactions Footer Text Date 12

13 Historical Monthly Transactions Historical Monthly Transactions (millions) 16 FY2016 FY2017 FY Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug FY FY FY

14 Millions Historical Monthly Transactions Historical Monthly Transactions (millions) 15.5 FY2016 FY2017 FY Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 14

15 Millions Millions Millions Millions Historical Monthly Transactions by Facility SH 130 Historical Monthly Transactions SH 45N Historical Monthly Transactions 7.0 FY2016 FY2017 FY FY2016 FY2017 FY Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 3.4 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug SH 45SE Historical Monthly Transactions FY2016 FY2017 FY Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Loop 1 Historical Monthly Transactions 2.5 FY2016 FY2017 FY Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 15

16 Historical Monthly Transactions by Vehicle Type Monthly Transactions versus Projections (millions) (12 Month Moving Avg) Projected Actual Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Monthly Transactions versus Projections Auto (millions) (12 Month Moving Avg) Projected Actual Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Monthly Transactions versus Projections Truck (millions) (12 Month Moving Avg) 1.18 Projected Actual Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 16

17 Historical ETC vs. PBM Transactions Historical ETC vs. PBM Transactions ETC PBM Cash 100% 90% 80% 2.40% 25.80% 30.00% 31.60% 34.80% 33.70% 33.70% 70% 60% 50% 40% 30% 71.80% 70.00% 68.40% 65.20% 66.30% 66.30% 20% 10% 0% FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Note: In 2013, CTTS eliminated all toll collection booths/automatic cash machines and implemented All Electronic Tolling. 17

18 Section III: CTTS Toll Revenue Footer Text Date 18

19 Historical Monthly Toll Revenue Historical Monthly Toll Revenue (millions) $25 FY2016 FY2017 FY2018 $20 $15 $10 $5 $0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug FY2016 $13.8 $13.6 $13.6 $13.5 $13.5 $13.6 $15.2 $14.0 $15.0 $14.6 $14.4 $15.9 FY2017 $14.3 $16.6 $15.3 $15.6 $14.2 $14.8 $16.8 $16.0 $16.0 $16.0 $15.4 $13.8 FY2018 $13.3 $15.4 $16.5 $16.1 $16.6 $15.6 $18.6 $16.5 $13.6 $16.6 $16.7 $20.4 Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 19

20 Millions Historical Monthly Toll Revenue Historical Monthly Toll Revenue (millions) $19.0 FY2016 FY2017 FY2018 $18.0 $17.0 $16.0 $15.0 $14.0 $13.0 $12.0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 20

21 Millions Millions Millions Millions Historical Monthly Toll Revenue by Facility SH 130 Historical Monthly Toll Revenue SH 45N Historical Monthly Toll Revenue $11.5 FY2016 FY2017 FY2018 $4.4 FY2016 FY2017 FY2018 $10.5 $4.2 $9.5 $8.5 $7.5 $6.5 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug $4.0 $3.8 $3.6 $3.4 $3.2 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug SH 45SE Historical Monthly Toll Revenue Loop 1 Historical Monthly Toll Revenue $0.8 FY2016 FY2017 FY2018 $2.3 FY2016 FY2017 FY2018 $0.7 $2.1 $0.6 $0.5 $0.4 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug $1.9 $1.7 $1.5 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 21

22 Section IV: Debt Service Coverage Footer Text Date 22

23 Debt Service Coverage Actual Debt Service Coverage Actual Debt Service Coverage First Tier DSCR DSCR 0.00 FY14 FY15 FY16 FY17 FY18 (2) First Tier DSCR 3.66x 3.31x 3.51x 3.65x 3.62x DSCR 1.98x 2.07x 1.64x 1.81x 1.89x FY14 FY15 FY16 FY17 FY18 (2) Toll Revenue $130.9 $152.3 $170.7 $185.0 $196.0 Fees (3) Interest, Other Revenues $150.2 $169.4 $178.9 $208.1 $229.5 First Tier D/S (1) $41.0 $51.2 $50.9 $57.1 $63.4 Second Tier D/S (1) $35.0 $30.7 $57.9 $57.9 $57.9 *All dollar amounts shown in millions. (1) The debt service presented is based on scheduled cash payments of outstanding debt. Differences in debt service with the CTTS Annual Financial Report are based on GAAP rules applicable to enterprise funds. Published reports may be accessed at (2) Unaudited and preliminary. (3) FY 2018 Fee Revenue excludes approximately $22.6 million in non-roadway specific customer service center and interoperability fee revenue which was collected over FY 2016 and FY 2017 and was previously retained by TxDOT and held outside the CTTS Trust Estate. See Significant Events and Disclosures. While the FY 2016 and FY 2017 funds transferred to the CTTS are excluded for purposes of calculating debt service coverage and facilitate comparison to prior years, the FY 2018 customer service center and interoperability fees will be treated as pledged revenues in FY 2018 and after. 23

24 Section V: Additional CTTS Information Footer Text Date 24

25 CTTS Map 25

26 Toll Rate Information Toll Rates by Year Roadway Miles Full Length Toll Rates Toll Rates per Mile January 1, 2016 January 1, 2017 January 1, 2018 January 1, 2016 January 1, 2017 January 1, 2018 SH $7.00 $7.08 $7.20 $0.14 $0.14 $0.15 SH 45N 12.8 $2.12 $2.14 $2.18 $0.17 $0.17 $0.17 SH 45SE 7.0 $1.04 $1.05 $1.07 $0.15 $0.15 $0.15 Loop $1.06 $1.07 $1.09 $0.27 $0.27 $0.27 The toll rates shown are for ETC transactions for two-axle vehicles ( Auto ). The full length Toll Rates include mainline plaza rates multiplied by the number of mainline tolling points for each roadway and exclude entrance and exit ramp charges. Toll rate increase took effect January 1, See Significant Events and Disclosures regarding toll escalation. Annual Toll Rates for all years shown were adjusted in accordance with the toll rate escalation policy. However, because of the percent of the escalation adjustment and/or rounding to the nearest penny for the toll rates presented above, certain years shown above do not show a change in the presented toll rates for subsequent years. 26

27 Data Tables - Transactions CTTS Transactions FY 2018 ETC PBM Current Transactions Current -vs- Projected Current -vs- Prior Year Transactions Projected Transactions Variance Variance % Prior Year Transactions Variance Variance % September 8,419,980 4,206,763 12,626,743 11,190,000 1,436,743 13% 12,354, ,581 2% October 9,168,579 4,383,636 13,552,215 11,866,600 1,685,615 14% 13,038, ,310 4% November 8,546,953 4,320,195 12,867,148 11,069,600 1,797,548 16% 12,264, ,052 5% December 8,253,209 4,042,265 12,295,474 11,192,700 1,102,774 10% 12,085, ,515 2% January 7,952,045 3,787,095 11,739,140 10,607,700 1,131,440 11% 11,614, ,905 1% February 8,118,264 3,538,681 11,656,945 10,642,200 1,014,745 10% 11,435, ,975 2% March 9,287,345 4,930,657 14,218,002 12,421,000 1,797,002 14% 13,503, ,365 5% April 8,983,840 4,684,711 13,668,551 12,118,100 1,550,451 13% 12,781, ,914 7% May 9,473,361 4,962,006 14,435,367 12,424,400 2,010,967 16% 13,452, ,829 7% June 9,054,193 4,861,097 13,915,290 12,510,400 1,404,890 11% 13,208, ,344 5% July 8,815,610 4,936,306 13,751,916 12,380,900 1,371,016 11% 12,730,867 1,021,049 8% August 9,400,180 5,034,624 14,434,804 12,485,400 1,949,404 16% 13,030,385 1,404,419 11% TOTAL 105,473,559 53,688, ,161, ,909,000 18,252,595 13% 151,501,337 7,660,258 5% 27

28 Data Tables - Transactions SH 130 Transactions FY 2018 ETC PBM Current Transactions Current -vs- Projected Current -vs- Prior Year Transactions Projected Transactions Variance Variance % Prior Year Transactions Variance Variance % September 3,714,367 2,161,265 5,875,632 4,987, ,132 18% 5,703, ,827 3% October 4,078,794 2,259,762 6,338,556 5,340, ,856 19% 6,113, ,043 4% November 3,680,488 2,302,730 5,983,218 5,040, ,618 19% 5,764, ,750 4% December 3,512,931 2,031,448 5,544,379 4,933, ,779 12% 5,499,067 45,312 1% January 3,310,721 1,841,946 5,152,667 4,549, ,567 13% 5,144,745 7,922 0% February 3,455,055 1,703,915 5,158,970 4,672, ,570 10% 5,154,870 4,100 0% March 4,112,398 2,544,209 6,656,607 5,701, ,307 17% 6,304, ,619 6% April 3,926,960 2,393,316 6,320,276 5,501, ,176 15% 5,937, ,433 6% May 4,122,471 2,505,487 6,627,958 5,654, ,658 17% 6,255, ,301 6% June 4,001,053 2,471,703 6,472,756 5,777, ,756 12% 6,232, ,096 4% July 3,913,808 2,520,726 6,434,534 5,768, ,234 12% 6,057, ,310 6% August 4,068,925 2,535,212 6,604,137 5,699, ,937 16% 6,072, ,849 9% TOTAL 45,897,971 27,271,719 73,169,690 63,625,100 9,544,590 15% 70,241,128 2,928,562 4% 28

29 Data Tables - Transactions SH 45N Transactions FY 2018 ETC PBM Current Transactions Current -vs- Projected Current -vs- Prior Year Transactions Projected Transactions Variance Variance % Prior Year Transactions Variance Variance % September 2,911,442 1,238,318 4,149,760 3,636, ,660 14% 4,105,457 44,303 1% October 3,128,026 1,275,354 4,403,380 3,810, ,180 16% 4,248, ,042 4% November 2,970,256 1,212,159 4,182,415 3,507, ,615 19% 3,965, ,367 5% December 2,912,347 1,216,484 4,128,831 3,657, ,431 13% 4,036,059 92,772 2% January 2,841,196 1,178,158 4,019,354 3,544, ,654 13% 3,970,802 48,552 1% February 2,845,013 1,111,345 3,956,358 3,484, ,558 14% 3,856,467 99,891 3% March 3,157,107 1,419,474 4,576,581 3,900, ,481 17% 4,384, ,004 4% April 3,101,995 1,368,083 4,470,078 3,869, ,578 16% 4,193, ,056 7% May 3,287,362 1,476,491 4,763,853 3,968, ,453 20% 4,429, ,316 8% June 3,089,463 1,440,776 4,530,239 3,919, ,139 16% 4,263, ,396 6% July 2,993,635 1,452,342 4,445,977 3,837, ,877 16% 4,072, ,204 9% August 3,257,237 1,499,071 4,756,308 3,959, ,608 20% 4,264, ,088 12% TOTAL 36,495,079 15,888,055 52,383,134 45,094,900 7,288,234 16% 49,790,143 2,592,991 5% 29

30 Data Tables - Transactions SH 45SE Transactions FY 2018 ETC PBM Current Transactions Current -vs- Projected Current -vs- Prior Year Transactions Projected Transactions Variance Variance % Prior Year Transactions Variance Variance % September 352, , , ,500 56,344 11% 548,626 23,218 4% October 384, , , ,300 44,202 8% 604,420 4,082 1% November 363, , , ,900 33,874 6% 569,250 (476) 0% December 318, , , ,900 2,523 1% 522,145 (15,722) -3% January 300, , , ,300 8,813 2% 488,421 (16,308) -3% February 327, , , ,200 7,281 2% 494,069 (2,588) -1% March 388, , , ,600 45,660 8% 615,225 25,035 4% April 369, , , ,000 37,253 7% 574,121 32,132 6% May 382, , , ,200 50,165 9% 590,431 38,934 7% June 372, , , ,900 9,984 2% 594,086 18,798 3% July 368, , , ,000 13,417 2% 569,499 44,918 8% August 400, , , ,100 64,372 11% 572,396 83,076 15% TOTAL 4,329,772 2,648,016 6,977,788 6,603, ,888 6% 6,742, ,099 3% 30

31 Data Tables - Transactions Loop 1 Transactions FY 2018 ETC PBM Current Transactions Current -vs- Projected Current -vs- Prior Year Transactions Projected Transactions Variance Variance % Prior Year Transactions Variance Variance % September 1,441, ,960 2,029,507 2,050,900 (21,393) -1% 1,996,274 33,233 2% October 1,577, ,600 2,201,777 2,151,400 50,377 2% 2,072, ,143 6% November 1,532, ,953 2,132,741 1,986, ,441 7% 1,965, ,411 9% December 1,509, ,811 2,115,841 2,097,800 18,041 1% 2,028,688 87,153 4% January 1,499, ,372 2,095,006 2,050,600 44,406 2% 2,010,267 84,739 4% February 1,490, ,833 2,050,136 2,000,800 49,336 2% 1,930, ,572 6% March 1,629, ,109 2,344,554 2,225, ,554 5% 2,198, ,707 7% April 1,585, ,902 2,271,944 2,178,500 93,444 4% 2,076, ,293 9% May 1,681, ,004 2,414,191 2,222, ,691 9% 2,176, ,278 11% June 1,590, ,664 2,299,411 2,211,400 88,011 4% 2,118, ,054 9% July 1,540, ,945 2,256,988 2,174,500 82,488 4% 2,031, ,617 11% August 1,673, ,093 2,418,887 2,235, ,487 8% 2,121, ,406 14% TOTAL 18,750,737 7,880,246 26,630,983 25,585,100 1,045,883 4% 24,727,377 1,903,606 8% 31

32 Data Tables Toll Revenue CTTS Toll Revenue FY 2018 Current Toll Revenue Projected Toll Revenue Current - vs- Projected Variance Variance $ % Prior Year Toll Revenue Current - vs- Prior Year Variance Variance $ % September $ 13,301,868 $ 13,323,800 $ (21,932) 0% $ 14,290,442 $ (988,574) -7% October $ 15,433,446 $ 14,198,100 $ 1,235,346 9% $ 16,570,061 $ (1,136,615) -7% November $ 16,495,580 $ 14,134,200 $ 2,361,380 17% $ 15,264,260 $ 1,231,319 8% December $ 16,128,701 $ 14,453,500 $ 1,675,201 12% $ 15,644,076 $ 484,625 3% January $ 16,638,367 $ 14,061,100 $ 2,577,267 18% $ 14,179,622 $ 2,458,745 17% February $ 15,633,439 $ 14,229,500 $ 1,403,939 10% $ 14,813,127 $ 820,312 6% March $ 18,566,858 $ 16,057,700 $ 2,509,158 16% $ 16,801,751 $ 1,765,107 11% April $ 16,510,999 $ 15,140,400 $ 1,370,599 9% $ 16,016,525 $ 494,475 3% May $ 13,635,208 $ 15,666,000 $ (2,030,792) -13% $ 16,036,656 $ (2,401,448) -15% June $ 16,584,447 $ 15,443,500 $ 1,140,947 7% $ 16,004,850 $ 579,597 4% July $ 16,703,062 $ 15,258,600 $ 1,444,462 9% $ 15,366,832 $ 1,336,230 9% August $ 20,358,323 $ 15,363,800 $ 4,994,523 33% $ 13,829,727 $ 6,528,596 47% TOTAL $195,990,298 $177,330,200 $18,660,098 11% $184,817,929 $11,172,369 6% Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 32

33 Data Tables Toll Revenue SH 130 Toll Revenue FY 2018 Current Toll Revenue Projected Toll Revenue Current - vs- Projected Variance Variance $ % Prior Year Toll Revenue Current - vs- Prior Year Variance Variance $ % September $ 7,711,968 $ 7,107,800 $ 604,168 9% $ 8,371,520 $ (659,552) -8% October $ 8,989,448 $ 7,534,000 $ 1,455,448 19% $ 9,733,968 $ (744,520) -8% November $ 9,325,932 $ 7,621,100 $ 1,704,832 22% $ 8,996,781 $ 329,151 4% December $ 9,557,876 $ 7,772,200 $ 1,785,676 23% $ 9,291,693 $ 266,182 3% January $ 9,983,221 $ 7,460,300 $ 2,522,921 34% $ 8,123,019 $ 1,860,201 23% February $ 9,282,804 $ 7,698,400 $ 1,584,404 21% $ 8,689,384 $ 593,419 7% March $ 11,143,064 $ 8,791,900 $ 2,351,164 27% $ 10,015,199 $ 1,127,865 11% April $ 9,751,543 $ 8,194,200 $ 1,557,343 19% $ 9,461,542 $ 290,001 3% May $ 7,780,456 $ 8,562,600 $ (782,144) -9% $ 9,473,749 $ (1,693,293) -18% June $ 9,782,200 $ 8,460,300 $ 1,321,900 16% $ 9,469,918 $ 312,282 3% July $ 9,880,871 $ 8,420,300 $ 1,460,571 17% $ 9,142,031 $ 738,840 8% August $ 12,209,805 $ 8,324,800 $ 3,885,005 47% $ 7,845,868 $ 4,363,937 56% TOTAL $115,399,187 $ 95,947,900 $19,451,287 20% $108,614,674 $ 6,784,513 6% Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 33

34 Data Tables Toll Revenue SH 45N Toll Revenue FY 2018 Current Toll Revenue Projected Toll Revenue Current - vs- Projected Variance Variance $ % Prior Year Toll Revenue Current - vs- Prior Year Variance Variance $ % September $ 3,379,220 $ 3,608,800 $ (229,580) -6% $ 3,543,754 $ (164,535) -5% October $ 3,831,693 $ 3,872,100 $ (40,407) -1% $ 4,108,321 $ (276,628) -7% November $ 4,211,749 $ 3,759,200 $ 452,549 12% $ 3,744,818 $ 466,930 12% December $ 3,868,535 $ 3,839,800 $ 28,735 1% $ 3,755,637 $ 112,898 3% January $ 3,940,779 $ 3,796,300 $ 144,479 4% $ 3,622,038 $ 318,741 9% February $ 3,690,527 $ 3,750,400 $ (59,873) -2% $ 3,642,837 $ 47,690 1% March $ 4,409,944 $ 4,177,100 $ 232,844 6% $ 4,017,332 $ 392,613 10% April $ 4,021,577 $ 4,027,400 $ (5,823) 0% $ 3,912,997 $ 108,579 3% May $ 3,521,952 $ 4,110,400 $ (588,448) -14% $ 3,931,355 $ (409,403) -10% June $ 4,050,552 $ 4,032,400 $ 18,152 0% $ 3,896,905 $ 153,648 4% July $ 4,012,423 $ 3,939,100 $ 73,323 2% $ 3,707,477 $ 304,946 8% August $ 4,780,095 $ 4,070,100 $ 709,995 17% $ 3,612,831 $ 1,167,264 32% TOTAL $ 47,719,045 $ 46,983,100 $ 735,945 2% $ 45,496,303 $ 2,222,742 5% Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 34

35 Data Tables Toll Revenue SH 45SE Toll Revenue FY 2018 Current Toll Revenue Projected Toll Revenue Current - vs- Projected Variance Variance $ % Prior Year Toll Revenue Current - vs- Prior Year Variance Variance $ % September $ 511,206 $ 515,000 $ (3,794) -1% $ 573,751 $ (62,545) -11% October $ 640,808 $ 557,400 $ 83,408 15% $ 675,854 $ (35,046) -5% November $ 744,240 $ 570,700 $ 173,540 30% $ 625,284 $ 118,957 19% December $ 624,904 $ 571,900 $ 53,004 9% $ 635,148 $ (10,244) -2% January $ 614,691 $ 550,200 $ 64,491 12% $ 550,078 $ 64,612 12% February $ 602,065 $ 566,600 $ 35,465 6% $ 590,476 $ 11,589 2% March $ 739,877 $ 645,400 $ 94,477 15% $ 686,224 $ 53,653 8% April $ 641,423 $ 587,600 $ 53,823 9% $ 636,951 $ 4,472 1% May $ 503,540 $ 620,000 $ (116,460) -19% $ 630,852 $ (127,311) -20% June $ 638,302 $ 615,800 $ 22,502 4% $ 633,150 $ 5,151 1% July $ 677,316 $ 614,000 $ 63,316 10% $ 603,342 $ 73,974 12% August $ 860,836 $ 609,500 $ 251,336 41% $ 517,299 $ 343,537 66% TOTAL $ 7,799,208 $ 7,024,100 $ 775,108 11% $ 7,358,409 $ 440,799 6% Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 35

36 Data Tables Toll Revenue Loop 1 Toll Revenue FY 2018 Current Toll Revenue Projected Toll Revenue Current - vs- Projected Variance Variance $ % Prior Year Toll Revenue Current - vs- Prior Year Variance Variance $ % September $ 1,699,474 $ 2,092,200 $ (392,726) -19% $ 1,801,416 $ (101,942) -6% October $ 1,971,497 $ 2,234,600 $ (263,103) -12% $ 2,051,917 $ (80,420) -4% November $ 2,213,658 $ 2,183,200 $ 30,458 1% $ 1,897,377 $ 316,282 17% December $ 2,077,386 $ 2,269,600 $ (192,214) -8% $ 1,961,598 $ 115,788 6% January $ 2,099,677 $ 2,254,300 $ (154,623) -7% $ 1,884,486 $ 215,191 11% February $ 2,058,045 $ 2,214,100 $ (156,055) -7% $ 1,890,431 $ 167,613 9% March $ 2,273,972 $ 2,443,300 $ (169,328) -7% $ 2,082,996 $ 190,976 9% April $ 2,096,456 $ 2,331,200 $ (234,744) -10% $ 2,005,034 $ 91,422 5% May $ 1,829,260 $ 2,373,000 $ (543,740) -23% $ 2,000,701 $ (171,441) -9% June $ 2,113,394 $ 2,335,000 $ (221,606) -9% $ 2,004,877 $ 108,517 5% July $ 2,132,452 $ 2,285,200 $ (152,748) -7% $ 1,913,982 $ 218,470 11% August $ 2,507,587 $ 2,359,400 $ 148,187 6% $ 1,853,729 $ 653,858 35% TOTAL $ 25, 072, 858 $ 27, 375, 100 $ (2, 302, 242) - 8% $ 23, 348, 544 $ 1, 724, 314 7% Note: PBM invoicing was suspended from April 22, 2018 through June 30, 2018, resulting in delayed revenue from associated transactions during the suspension. See Significant Events and Disclosures. 36