4

407 ETR

Operates a 108-km all-electronic toll highway

IT Audit Manager

Full-Time
$110k - $145k
Expert
Bachelor's
Woodbridge, Vaughan, ON, Canada
In Person
Risk & ComplianceInternal Audit & Controls

About the job

Requirements
  • One or more of the following or related certifications are required: Certified Professional Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Information Systems Manager (CISM), Certified in Risk and Information Systems Control (CRISC), Certified in the Governance of Enterprise IT (CGEIT), or Certified Information Systems Security Professional (CISSP).
  • A bachelor's degree in Information Technology, Computer Science, Accounting, or a related field is required.
  • At least 8 years of progressive experience in IT auditing, risk management, or a related field is required.
  • At least 4 years of experience as a manager is required.
  • Prior experience leading and mentoring audit teams is required.
  • The candidate must be able to build relationships at all levels of the organization.
  • Strong written and verbal communication skills are required, including the ability to present complex information clearly and concisely.
  • The candidate must be able to work with internal stakeholders and external vendors.
  • Exposure to AI use in organizations or Internal Audit is required.
  • Business-oriented analytical and problem-solving skills and attention to detail are required.
  • The candidate must be able to manage multiple projects and priorities in a fast-paced environment.
  • High integrity and professionalism, with a commitment to ethical standards and confidentiality, are required.
Responsibilities
  • Work independently in executing audits and oversee and conduct audits of the company's information systems, technology infrastructure, and operations for compliance with internal policies, industry standards, and value for money.
  • Support the Chief Internal Auditor in managing audit department operations and participate as needed in corporate and interdepartmental IT and non-IT initiatives and projects, contributing knowledge to governance, risk, and mitigation processes.
  • Champion a customer-focused culture, nurture client relationships, and understand business priorities, IT operations, challenges, and plans while supporting corporate programs.
  • Advise business and IT teams on risk management, controls, and operational efficiency by sharing knowledge and skills.
  • Provide risk assurance and advisory support for strategic initiatives, including automation, machine learning, and AI adoption, ensuring effective governance, risk identification, and mitigation processes.
  • Represent the Internal Audit team in corporate initiatives as required.
  • Conduct IT process and regulatory compliance audits, including audits involving PCI DSS and PIPEDA; plan audits, conduct risk assessments, and develop and execute audit programs to evaluate IT processes and controls.
  • Communicate audit results to senior management verbally and through clear audit reports summarizing findings, conclusions, and recommendations, and follow up on implementation of recommendations.
  • Work with other Internal Audit team members to ensure audit activities progress as planned.
  • Stay current with industry trends, regulatory changes, and emerging technologies to maintain a robust IT audit function.
  • Lead the Internal Audit department in developing an AI strategy and adopting AI in the audit practice as applicable.
  • Oversee the annual Entity Risk Assessment with the Chief Internal Auditor and other team members, including execution with senior management and the Board of Directors and reporting to the Board.
  • Contribute to the IT Risk Assessment and liaise with the IT department to review and improve information risk management strategies and processes.
  • Assist with Disaster Recovery and Business Continuity Planning test exercises.
  • Develop and oversee execution of the annual audit plan with the Chief Internal Auditor and other audit team members.
  • Ensure departmental policies and procedures are current.
  • Provide guidance and foster continuous improvement and professional development within the audit team to increase its efficiency and effectiveness.
  • Drive change and leadership best practices.
  • Perform other related duties as required or assigned.
Desired Qualifications
  • Experience with IT security frameworks is preferred, including Payment Card Industry Data Security Standards (PCI DSS), ISO 27001/27002, Control Objectives for Information and Related Technology (COBIT), and the NIST Cybersecurity Framework.

About the company

4

407 ETR

View
Website

407 ETR operates a 108-kilometre all-electronic toll highway in the Greater Toronto Area under a 99-year lease with the Ontario government. Tolls are charged automatically via transponders or by license-plate recognition with monthly statements, using dynamic pricing to manage traffic and keep lanes congestion-free. It is the world’s first all-electronic, open-access toll highway and is owned by a consortium led by CPP Investments, with Cintra and AtkinsRéalis as other investors. Its goal is to provide a fast, reliable travel option by maintaining and expanding the corridor through user-pay tolls and ongoing maintenance.

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$983.3M

Headquarters

Vaughan, Canada

Founded

1999

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Simplify Jobs

Simplify's Take

What believers are saying

  • Second-quarter 2026 revenue rose 18% to $616.1 million, with EBITDA at $549.0 million.
  • June 2026 driving offers targeted 1.8 million monthly customers, expanding utilization and retention.
  • 2026 loyalty, Route Relief, and business promotions widen demand beyond commuter traffic.

What critics are saying

  • 2026 toll hikes lifted average revenue per trip to $19.94, fueling political backlash.
  • Licence-plate denial and 26.82% overdue interest create customer hostility and collection disputes.
  • A future Ontario government can pressure rates, restrict enforcement, or reopen concession terms.

What makes 407 ETR unique

  • Exclusive 108-kilometre electronic corridor under Ontario's Highway 407 Act monopoly-like protection.
  • ETR Rewards launched September 2026, tying app data, points, and free-travel redemptions.
  • CPP Investments, Cintra, and PSP own a rare Canadian infrastructure cash machine.

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Benefits

  • Health Insurance
  • Remote Work Options
  • Flexible Work Hours
  • Employee Discounts

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

8%

2 year growth

7%
Newswire
Oct 14th, 2026
Media Advisory - CAA brings road safety partners and first responders together to urge drivers to slow down and move over.

Media Advisory - CAA brings road safety partners and first responders together to urge drivers to slow down and move over. Oct 14, 2026, 10:24 ET Police, fire, paramedics, tow operators and road safety partners come together with a simple message for Ontario drivers: slow down and move over. THORNHILL, ON, Oct. 14, 2026 /CNW/ - What: Ahead of the National Slow Down, Move Over Day, CAA South Central Ontario, in partnership with the Ministry of Transportation, Canadian Towing Association, Toronto Police Service, OPP, Toronto Fire, Toronto Paramedic Services and 407 ETR have joined forces to remind Ontario drivers that slowing down and moving over is one of the simplest actions they can take to help protect tow operators, first responders and other roadside workers. Who: Teresa Di Felice, Assistant Vice President, CAA South Central Ontario, Hardeep Grewal, Parliamentary Assistant to the Minister of Transportation, Deputy Chief Robert Johnson, Toronto Police Service When: Thursday, October 15th, 2026 - media arrival at 9:30 a.m. Press conference at 10:00 a.m., with media availability afterwards. Where: Toronto Police College, 70 Birmingham St, Etobicoke, ON M8V 3W6 About CAA South Central Ontario As a leader and advocate for road safety and mobility, CAA South Central Ontario is a not-for-profit auto club which represents the interests of over 2.6 million Members. For over a century, CAA has collaborated with communities, police services and governments to help keep drivers and their families safe while travelling on our roads. SOURCE CAA South Central Ontario For further information, contact: Media Contact: Nadia Matos, Manager, External Communications, C: (416) 523-0663, E: [email protected]; Olivia Hodgkiss, Communications Specialist, C: (647) 327-0210, E: [email protected]

Curiocity
Sep 28th, 2026
Here's what to know about Ontario's upcoming 100-kilometre-long trail.

Here's what to know about Ontario's upcoming 100-kilometre-long trail. Sep 28, 2026 Kimia is a Toronto-based writer, reality TV addict, plant mom, and an adventurous home cook. Ontario is getting a massive new trail that will eventually stretch 100 kilometres through the GTA and surrounding region, connecting the Hills of the Headwaters in Orangeville all the way to Lake Ontario in Port Credit. The Credit Valley Trail is being developed as a continuous pathway through the watershed, with the goal of creating new recreational spaces while also restoring the region's natural habitats. The once-in-a-lifetime project is also being designed to reflect Indigenous history, knowledge, and culture in the Credit River valley, home to the Mississaugas of the Credit First Nation and a gathering place for many Indigenous Peoples. Each site will invite trail users to "pause, reflect, and connect - with the land, with culture, and with the voices that continue to shape this valley," according to the Credit Valley Conservation (CVC). Once complete, the trail is planned to include seven Indigenous Placemaking Sites, developed with guidance from Anishinaabe Elders and Knowledge Keepers. The latest site to receive funding is the Giigoonh (Fish) Doodem Indigenous Placemaking Site at Charles Sauriol Conservation Area in Caledon. Last week, 407 ETR announced $1.5 million in funding for the CVC and the Credit Valley Conservation Foundation (CVCF) to support the development of the site, which is expected to begin construction next year. Located along the banks of the Missinnihe (Credit River), the site will feature an interpretive trail celebrating Fish clan families while sharing Anishinaabe knowledge systems, traditions, and cultural teachings. The first Indigenous Placemaking Site along the trail, the Ajijaak (Crane) Doodem, opened at Island Lake Conservation Area in Orangeville in June 2024. "The Credit Valley Trail is one of the most ambitious conservation and community-building initiatives in our watershed. This investment demonstrates what is possible when organizations come together around a shared purpose," said Terri LeRoux, chief administrative officer at CVC. "The Credit Valley Trail will connect communities physically, culturally, and ecologically, creating experiences that inspire stewardship, belonging, and a deeper appreciation for the landscapes we share. Together, we are building a legacy that will benefit people and nature for generations." Last month, the project marked a major milestone when the CVC officially opened a new 40-metre pedestrian bridge on its Tranmer property, part of the Upper Credit Conservation Area. Located north of the Dufferin County Road 109 bridge, the structure is one of the first major infrastructure achievements for the Credit Valley Trail, and brings the region even closer to having a continuous, 100-kilometre route. So far, the CVC says 43 kilometres of the trail are already connected, with 57 kilometres remaining. The CVCF has supported the trail's development since 2020 through a 10-year fundraising campaign with a $10 million goal, reaching 65 per cent of its target thus far through corporate and community support. Looking ahead, the 407 ETR has commissioned Indigenous artist Phillip Cote to create a mural that transforms the Mississauga Road bridge on Highway 407 ETR into a "powerful visual expression of Indigenous knowledge, identity, and connection to the land." The mural will draw on the history and teachings of the Mississaugas of the Credit First Nation and is scheduled for completion in October. Kimia afshar mehrabi, blogto. Kimia is a Toronto-based writer covering local news and businesses. Off the clock, she's a reality TV addict, self-certified plant mom, and adventurous home cook who's always trying out a new recipe.

Newswire
Sep 25th, 2026
407 ETR to advance Indigenous placemaking along the Credit Valley Trail with $1.5 million gift.

407 ETR to advance Indigenous placemaking along the Credit Valley Trail with $1.5 million gift. Sep 25, 2026, 16:36 ET Investment will support development of the Giigoonh (Fish) Doodem Indigenous Placemaking Site in Caledon and create a new space for learning, reflection and connection MISSISSAUGA, ON, Sept. 25, 2026 /CNW/ - Today, 407 ETR announced $1.5 million in funding for Credit Valley Conservation (CVC) and Credit Valley Conservation Foundation (CVCF) to support the development of the Giigoonh (Fish) Doodem, the second Indigenous Placemaking Site along the Credit Valley Trail. Located along the banks of the Missinnihe (Credit River) at Charles Sauriol Conservation Area in Caledon, the Giigoonh (Fish) Doodem Indigenous Placemaking Site is being developed through the leadership of the Credit Valley Trail Indigenous Roundtable and the Mississaugas of the Credit First Nation. The space will be guided by an interpretive trail that celebrates the Fish clan families while sharing Anishinaabe knowledge systems, cultural teachings and traditions. Designed as a place of connection and learning, it will provide opportunities for gathering, reflection, cultural education and ceremony. Construction is expected to begin in 2027. "At 407 ETR, we believe the places that connect communities should also reflect and celebrate the stories that shape them," says Jose Espinosa, President & CEO, 407 ETR. "We're proud to support the second Indigenous placemaking site along the Credit Valley Trail. Together, with our partners, we're helping create a space where people can learn, reflect and deepen their understanding of Indigenous cultures, histories and connections to the land." "This transformational investment is about much more than building a trail-it is about building relationships, creating places where people can learn, gather and experience the enduring stories of this landscape, and leaving a lasting legacy for future generations," says Dayana Gomez, Executive Director, CVCF. "Through this remarkable partnership with 407 ETR, we are advancing a shared vision where conservation, Indigenous leadership and community come together to create experiences that inspire stewardship, learning and connection. Together, we are helping create one of Canada's most meaningful examples of how conservation, philanthropy and Indigenous leadership can advance reconciliation while protecting nature for generations to come." "The Credit Valley Trail is one of the most ambitious conservation and community-building initiatives in our watershed," says Terri LeRoux, Chief Administrative Officer, CVC. "This investment demonstrates what is possible when organizations come together around a shared purpose. Through our partnership with 407 ETR and the Credit Valley Conservation Foundation, we are creating healthier landscapes, stronger communities and new opportunities to celebrate Indigenous knowledge and the cultural heritage of this watershed. The Credit Valley Trail will connect communities physically, culturally and ecologically, creating experiences that inspire stewardship, belonging and a deeper appreciation for the landscapes we share. Together, we are building a legacy that will benefit people and nature for generations." "The Missinnihe, the Credit River, and the lands and waters of its watershed have sustained the Mississaugas of the Credit First Nation since time immemorial and remain an integral part of who we are as a people, says Darin P. Wybenga, Heritage Interpreter, Mississaugas of the Credit First Nation. "Our longstanding work with Credit Valley Conservation provides an important opportunity to ensure that our history, knowledge, responsibilities and continuing relationship with these lands and waters are reflected within the Credit Valley Trail. We are grateful for this generous $1.5 million gift and for the commitment it represents. The development of the Giigoonh Indigenous placemaking site will create a meaningful place where our people can gather, share teachings and ceremony, and where visitors can learn about the enduring presence and perspectives of the Mississaugas of the Credit. Investments such as this help ensure that our stories and responsibilities to the land are carried forward for generations to come." Seven Indigeneous Placemaking Sites are planned along the Credit Valley Trail. The first, the Ajijaak (Crane) Doodem or Crane Gathering Space in CVC's Island Lake Conservation Area in Orangeville opened in June 2024 with support from 407 ETR. The Credit Valley Trail is envisioned as one of Canada's leading landscape-scale conservation initiatives. When complete, it will stretch 100 kilometres from the Hills of the Headwaters in Orangeville to Lake Ontario in Port Credit. Beyond creating new opportunities for recreation, it will protect and restore natural habitats, improve ecological connectivity, strengthen climate resilience and create spaces where Indigenous knowledge, history and culture are meaningfully reflected throughout the watershed. Fast Facts: * 407 ETR commissioned Indigenous artist Philip Cote to create a mural transforming the Mississauga Road bridge on Highway 407 ETR into a powerful visual expression of Indigenous knowledge, identity and connection to the land. The mural is inspired by the history and teachings of the Mississaugas of the Credit First Nation and is on track for completion in October. * Since 2024, 407 ETR has supported the Little Native Hockey League tournament in Markham with $85,000 in funding and $350,000 in travel gift cards to help families move easily between tournament venues. * In June 2026, 407 ETR expanded its partnership with the Canadian Wildlife Federation (CWF) by committing $2 million over four years to help support the restoration of 35 hectares of land in the GTA to help create and strengthen critical habitat for pollinators, including monarch butterflies and native bees. About 407 ETR Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 407 International Inc. is the sole shareholder of 407 ETR and is owned by: * Cintra Global S.E., a wholly owned subsidiary of Ferrovial S.A. (48.29%) * Canada Pension Plan Investment Board (CPP Investments) and other institutional investors with non-controlling interests (44.20%) * Public Sector Pension Investment Board (PSP Investments) (7.51%) About Credit Valley Conservation Credit Valley Conservation (CVC) is a local conservation authority established by the Ontario government in 1954 to protect, restore and enhance the natural environment of the Credit River Watershed. CVC creates connections between people and nature, knowledge and action. We inspire a deep appreciation for the role of nature in keeping people connected, healthy and happy. CVC is a member of Conservation Ontario. About Credit Valley Conservation Foundation Credit Valley Conservation Foundation is a registered environmental charity dedicated to protecting and conserving the lands and waters of the Credit River Watershed. The Foundation raises funds to support vital conservation initiatives and events led by Credit Valley Conservation, helping safeguard the health and well-being of the watershed, its flora and fauna, and the communities that depend on it now and for generations to come. SOURCE 407 ETR Concession Company Limited Media Contacts: 407 ETR Media Relations, [email protected]; Jamie Williams, Marketing and Communications Specialist, Credit Valley Conservation, 905-431-5772, [email protected]

Newswire
Aug 27th, 2026
407 ETR investing $2.3 million to bring Toronto Symphony Orchestra closer to GTA families.

407 ETR investing $2.3 million to bring Toronto Symphony Orchestra closer to GTA families. Aug 27, 2026, 10:02 ET Largest corporate investment in TSO history kicks off at the Open House & Free Community Concert powered by 407 ETR TORONTO, Aug. 27, 2026 /CNW/ - 407 ETR is helping bring the power of live orchestral music to communities across the GTA with a $2.3 million investment to Toronto Symphony Orchestra (TSO). As the inaugural Presenting Partner of Symphony Where You Are, 407 ETR's commitment is the largest corporate sponsorship in the orchestra's history and will bring more community-based musical experiences beginning in Brampton and later expanding to Markham and Scarborough. "Symphony Where You Are will help more families experience one of Canada's leading cultural institutions and create new opportunities for people to experience live orchestra closer to home," says Jose Espinosa, President & CEO, 407 ETR. "Highway 407 ETR helps people move across the GTA more efficiently and connect growing communities to jobs, services, and shared experiences. This partnership with TSO helps 407 ETR facilitate the movement of culture as well." Together, 407 ETR and the TSO will introduce new audiences to orchestral music across the region, helping make one of Canada's leading cultural institutions more accessible to families throughout the GTA. The partnership will officially launch at the annual Open House & Free Community Concert, powered by 407 ETR on September 26, 2026 at Roy Thomson Hall. As the orchestra's largest free public event, the Open House welcomes more than 4,000 people each year for performances, family programming and opportunities to experience the orchestra in an inclusive and accessible environment. "An orchestra should belong to the people it serves," says Mark Williams, Beck Family CEO, Toronto Symphony Orchestra. "Symphony Where You Are reflects our commitment to creating more opportunities for people to experience the orchestra in their own communities-and to feel that this orchestra belongs to them. We're incredibly grateful to 407 ETR for its visionary leadership as inaugural Presenting Partner." Symphony Where You Are builds on a three-year community partnership in Brampton where collaboration with The Rose Theatre helped shape the program's approach to community engagement. Concerts including Reggae Roots, Bhangra & Beyond, Hot! Hot! Hot! and Fiesta Sinfónica introduced audiences to music that celebrated and integrated traditions and cultural experiences. Fast Facts: * 407 ETR also proudly supports Bees: A Story of Survival at the Royal Ontario Museum, on now until October. * This year, 407 ETR was the lead sponsor of Fresh Air: New Acquisitions in Context at the McMichael Canadian Art Collection. * 407 ETR sponsors City of Brampton community programs through ActiveAssist to help make community engagement more accessible to people living below the poverty line or with disabilities. * 407 ETR supported the Ontario Honda Dealers Indy in Markham as the Official Highway Sponsor of the inaugural race weekend in August and invited fans to visit 407 ETR Thunder Alley for a memorable experience. * Nearly 180,000 Brampton residents rely on Highway 407 ETR for faster commutes, and a quarter of 407 ETR's workforce also calls Brampton home. * One-in-three Markham residents rely on Highway 407 ETR to get to their destinations quicker. The Highway enables an additional 1.2 million people from across the region to reach downtown Markham within an hour compared to alternate routes. * An economic impact assessment by global infrastructure consultancy Steer found that an additional 20 per cent more people can access key regional destinations within a 60-minute drive with Highway 407 ETR. About 407 ETR Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 407 International Inc. is the sole shareholder of 407 ETR and is owned by: * Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%) * Canada Pension Plan Investment Board (CPP Investments) and other institutional investors with non-controlling interests (44.20%) * Public Sector Pension Investment Board (PSP Investments) (7.51%) SOURCE 407 ETR Concession Company Limited For media inquiries: [email protected], 407etr.com/newsroom

407 ETR
Jul 22nd, 2026
407 International Reports Second Quarter Results

407 International reports second quarter results. Revenue increased by 18% over 2025 TORONTO, July 22, 2026 /CNW/ - Today, 407 International Inc. (the Company) announced financial results for the second quarter of 2026. Reported revenues were $616.1 million, up 18% and net income was $266.9 million, up 26% compared to the same period in 2025. Earnings before interest and other expenses, taxes, depreciation and amortization (EBITDA[1]) for the second quarter of 2026 totalled $549.0 million, up 24% compared with the same period in 2025. Average workday trips[2] were 394,211. Vehicle kilometres travelled and total trips[2] were lower by 3% during the second quarter of 2026, compared to the same period in 2025. The Board of Directors declared an eligible dividend of $0.710 per common share payable on or about July 22, 2026, to shareholders of record on July 22, 2026. 407 ETR continues to advance its community investment work through key commitments across the GTA, aligned with its core pillars of healthcare, social impact and biodiversity. In May, 407 ETR announced a $5 million donation over four years to Runnymede Healthcare Centre to support the development of two new specialized treatment facilities in Toronto and Caledon. These sites will form a first-of-its-kind, comprehensive post-traumatic stress injury (PTSI) Centre of Excellence dedicated to first responders, expanding access to critical mental health services for the more than 36,000 first responders in Ontario currently affected by PTSI. In June, 407 ETR marked Pollinator Week with a $2 million commitment over four years to expand its partnership with the Canadian Wildlife Federation. Building on its previous collaboration that restored nearly 15 hectares in the GTA, the initiative will support 26 additional projects spanning 35 hectares focused on restoring and protecting critical pollinator habitats. 407 ETR also marked its ninth annual One Big Day of volunteering with a $1 million donation to Daily Bread Food Bank, supporting the increased demand for food bank services in Toronto. More than 400 employees participated in volunteer efforts, supporting 21 community organizations around the GTA, including youth and women's shelters, seniors' homes, conservation groups and food security initiatives. "Creating lasting value extends beyond the highway and includes investing in the well-being of the communities we serve," says Jose Espinosa, President & CEO, 407 ETR. "Our partnerships with Runnymede Healthcare Centre, the Canadian Wildlife Federation and Daily Bread Food Bank are helping address important needs across the region - from mental health support for first responders and habitat restoration to food security. Together, these investments are creating stronger, healthier communities across the GTA." | Highlights (Unaudited) | / | / | / | / | / | / | / | / | | / | / | / | Three-month period ended | / | Six-month period ended | | / | / | / | June 30 | / | June 30 | | / | / | / | 2026 | / | 2025 | / | 2026 | / | 2025 | | Selected Financial Information (in millions) | / | / | / | / | | / | Revenues | / | $ 616.1 | / | $ 523.5 | / | $ 1,107.9 | / | $ 933.5 | | / | Operating expenses | / | 67.1 | / | 79.6 | / | 156.1 | / | 168.5 | | / | EBITDA [1] | / | 549.0 | / | 443.9 | / | 951.8 | / | 765.0 | | / | Depreciation and amortization | 27.0 | / | 27.1 | / | 54.2 | / | 53.7 | | / | Interest and other expenses | 159.1 | / | 127.3 | / | 273.3 | / | 232.9 | | / | Income before tax | / | 362.9 | / | 289.5 | / | 624.3 | / | 478.4 | | / | Income tax expenses | / | 96.0 | / | 77.6 | / | 165.2 | / | 127.6 | | / | Net income | / | $ 266.9 | / | $ 211.9 | / | $ 459.1 | / | $ 350.8 | | Traffic | / | / | / | / | / | / | / | / | | / | Total trips (in thousands) | / | 30,826 | / | 31,840 | / | 56,750 | / | 56,019 | | / | Average revenue per trip[3] | $19.94 | / | $16.32 | / | $19.47 | / | $16.53 | | / | Average workday number of trips | 394,211 | / | 405,195 | / | 367,297 | / | 361,779 | | / | Vehicle kilometres travelled (in thousands) | 721,517 | / | 741,453 | / | 1,289,005 | / | 1,265,706 | | / | Number of transponders in circulation | / | / | / | / | / | / | | / | at June 30 | / | 2,058,322 | / | 1,954,657 | / | 2,058,322 | / | 1,954,657 | | / | / | / | / | / | / | / | / | / | / | | [1] EBITDA is not a standardized financial measure under International Financial Reporting Standards and investors are cautioned that EBITDA should not be construed as an alternative to net income as an indicator of the Company's performance. The Company's method of calculating EBITDA may differ from other companies' methods and may not be comparable to measures used by other companies. See "Non-IFRS Financial Measures" in the Company's management's discussion and analysis which is available on SEDAR+. | | [2] Includes trips and vehicle kilometres travelled relating to promotional driving offers. | | [3] Average Revenue per Trip is calculated as total revenue less revenue billed for Highway 407 over total number of trips in the reporting period. | ABOUT 407 ETR Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 407 International Inc. is the sole shareholder of 407 ETR and is owned by: * Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%) * Canada Pension Plan Investment Board (CPP Investments) and other institutional investors with non-controlling interests (44.20%) * Public Sector Pension Investment Board (PSP Investments) (7.51%) SOURCE 407 International Inc.