Infratil Limited · NZX:IFT
Infratil — Investor Day (March 2024)
14 slides from Infratil's investor day presentation, Mar 5, 2024
Slide 1: Gurīn Energy Investor Day 2024
gurīn ENERGY Investor Day 2024 March 5, 2024 Infratil Investor Day 5 March 2024 Assaad Razzouk, Chief Executive Infratil Investor Day 2024 | 1
Slide 2: Gurīn Energy: thesis at inception in July 2021
Gurīn Energy: thesis at inception in July 2021 Renewables in Asia Flexible capital Asian development platform • Large and growing market. World’s largest Pre-FID project Optional development/ acquisitions Late-stage asset sales post-FID growing electricity demand with power consumption development e
Slide 3: Significant market developments came hard and fast
Significant market developments Forecasted Asia (ex-China) came hard and fast renewables capacity additions (GW) (Comparison to pre-establishment of Gurīn) Singapore Singapore announces plans to import up to 4 GW of low-carbon 2020 release October 2021 electricity, equivalent to 30% of its total sup
Slide 4: Result: ambitious net zero and RE targets across the region
Result: ambitious net zero and RE targets across the region Region requires US$120bn per year for the next 30 years in new renewables across Asia (Ex China)* AAA AA A- BBB- BBB+ BBB BBB+ Credit rating** (168%) (49.6%) (264%) (86.5%) (61%) (40%) (61%) Singapore South Korea Japan India Thailand Indone
Slide 5: Our flexible business model allows us to deliver a rapid, effective response
Our flexible business model Initial business plan vs. actual, owned MWs under development allows us to deliver a rapid, effective response 10,000 INITIAL BUSINESS PLAN ACTUAL Singapore Set up a consortium, which we majority-own, with 8,000 Gentari; submitted a bid to import 300 MW of non-intermitten
Slide 6: Key portfolio characteristics
Key portfolio characteristics • Focus on greenfield projects • Diversified across 6 key markets – Opportunistic build v. sell approach • Selective joint venture strategy, with Several markets could significantly out-perform. enabled by flexible capital Gurīn seeking to keep majority interests We are
Slide 7: Gurīn is focused on deploying capital 51% or more to high-income countries
Gurīn is focused on deploying capital 51% or more to high-income countries and up to 49% to Asian countries • Portfolio diversification across: JAPAN 335GW* – Countries † – Currencies *Total installed capacity SOUTH KOREA – Political risk 143GW* from all sources, 2021 – Interest-rate risk TAIWAN 60G
Slide 8: Gurīn today: 67 professionals, 6 countries, 6.6 GW under development
Gurīn today: 67 professionals, 6 countries, 6.6 GW under development 6,662 MW 3,670 MW Under development Installed target capacity Market RE Market RE capacity Countries* FY23/24 (MW) by FY29 (MW) energy target (GW)* (GW) 2022* Singapore 4,780 1,335 18GW by 2030 1 South Korea 325 325 108GW by 2036 3
Slide 9: Project highlight: Vanda RE
Project highlight: Vanda RE Ground-breaking infrastructure project to deliver 300MW of non-intermittent renewables to Singapore, by combining 2 GW of solar PV capacity with 4,428 MWh of BESS Project has secured conditional approval from Singapore to Project timing Phase 1 Phase 2 Phase 3 import low-
Slide 10: Country highlight: India, in a league of its own
Country highlight: India, in a league of its own • Forecast to add more renewables this • Positive reforms will likely fast-track growth • Gurīn principals have over a decade than the rest of our markets decade of experience – Target of 50% non-fossil fuel-based electricity capacity by 2030 combined
Slide 11: Gurīn Energy's leadership team
Gurīn Energy’s leadership team ✓ Deeply embedded in our individual markets ✓ Extensive development, construction and operations experience in-country and at headquarters ✓ Flexible team, able to adjust and adapt to market changes everywhere across the region ✓ Highly focused on the highest “ESG with
Slide 12: We integrate communities in everything we do
We integrate We operate to international standards that are higher than all country regulations / laws that communities in we operate in > This increases our competitiveness: ensures we receive financing, aligns to our values, and everything we do best manages reputational risks We’re working active
Slide 13: Today, Gurīn is a rapidly growing renewables developer and operator in Asia
Today, Gurīn is a rapidly growing renewables developer and operator in Asia, showcasing its capabilities alongside large players in the market • In-house greenfield development business model – Scale to > 10 GW • High levels of diversification LUZON – 6.6 GW of advanced development pipeline across 6
Slide 14: Thank you
Thank you 23 March 2023 Draft Infratil Investor Day 2024 | 14