Infratil Limited · NZX:IFT
Infratil — Shareholder Meeting (August 2024)
29 slides from Infratil's shareholder meeting presentation, Aug 22, 2024
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting 22 August 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Infratil Limited (NZ company number 597366, NZX:IFT; ASX:IFT) (the ‘Company’) To the maximum extent permitted by law, the Company, its affiliates and each of their respective affiliates, related bodies corporate, directors, officers, partners, employ
Slide 3: Programme
Annual Shareholders’ Meeting PROGRAMME 01 C H A I R ’ S A D D R E S S 02 CHIEF EXECUT I V E ’ S UP DA T E 03 S HAREHO L DE R Q UE S T I O NS 04 RESO LUTIO NS 05 C L O SE AN D R EF R ESH M EN T S
Slide 4: Online participation
Annual Shareholders’ Meeting Online participation 3
Slide 5: Chair's Address
: ia Section 1 Chair's Address
Slide 6: Infratil's Directors
Infratil’s Directors Peter Springford Paul Gough Andrew Clark Jason Boyes Anne Urlwin Alison Gerry Kirsty Mactaggart 5
Slide 7: Chair's Address
Chair’s Address Infratil broke new ground as one of the earliest listed infrastructure funds, reshaping the landscape of investment possibilities Over the past 30 years, Infratil’s vision has driven us to lead the way in identifying and investing in emerging forms of infrastructure, such as renewa
Slide 8: Chief Executive's Update
Section 2 Chief Executive’s Update
Slide 9: Infratil highlights and achievements
Infratil highlights and achievements Strong FY2024 result despite global and local economic uncertainty, strong thematic tailwinds continue to drive investment This year we celebrate 30 years of Infratil's groundbreaking journey as an infrastructure Total shareholder return1 investor. Established th
Slide 10: Portfolio focussed on four high-conviction platforms
Portfolio focussed on four high-conviction platforms Complementary portfolio of higher return growth platforms supported by core cash generating businesses, centred on “ideas that matter” Digital Renewables Healthcare Airports Infratil focuses on sectors and businesses with strong defensive charac
Slide 11: CDC (48.2%)
CDC (48.2%) Unprecedented growth in data centre demand is creating greater opportunities for CDC to win new contracts and accelerate development Highlights CDC has accelerated construction and development across all regions due to a transformative shift in customer demand, driven by AI advancement
Slide 12: One NZ (99.8%)
One NZ (99.8%) One NZ key strategic priorities are on track with the launch of EonFibre, the SpaceX partnership and Wallet loyalty scheme. Solid performance continues through consumer mobile and wholesale growth in soft market conditions Highlights One NZ is launching EonFibre, which we expect wil
Slide 13: Longroad Energy (37.3%)
Longroad Energy (37.3%) Longroad continues to seek out attractive projects to grow its pipeline while focusing on delivering 1.5GW per annum of projects to financial close and operations Highlights In FY2024, 1.1GW of new capacity begun construction across two projects and 209MW of new generation
Slide 14: Other Renewable Energy
Other Renewable Energy Infratil’s other renewable energy platforms continue to generate significant investment opportunities across multiple jurisdictions Asset upgrade programme Project Vanda has been awarded Total pipeline of projects is Diversified pipeline of over 3.3GW proceeding well,
Slide 15: Diagnostic Imaging
Diagnostic Imaging FY2024 EBITDA grew 11% from prior year, the businesses continue to perform positively with a focus on operational and strategic initiatives, including the adoption of AI technologies to enhance workflow efficiency and support diagnostic accuracy RHCNZ Qscan Two clinics opened du
Slide 16: Wellington Airport (66.0%)
Wellington Airport (66.0%) Wellington Airport experienced a year of robust growth and sustained recovery, with passenger numbers recovering well Highlights Wellington Airport has finalised their pricing for the five-year long PSE5 window, benefiting from an uplift due to macro conditions at the ti
Slide 17: Sustainability in practice
Sustainability in practice We are committed to integrating ESG principles across our portfolio to drive sustainable growth and long-term value Catalyse a rapid and efficient transition to a Support our people and communities to thrive low-carbon, resilient future of portfolio companies of portfolio
Slide 18: Concluding remarks and outlook
Concluding remarks and outlook We remain excited about the substantial ongoing investment opportunities in all our platforms We have a fantastic opportunity at CDC to capture the rapid growth in AI-driven data demand and are excited to support the CDC team to continue delivering world class data cen
Slide 19: Shareholder Questions
Section 3 Shareholder Questions
Slide 20: Online participation
Annual Shareholders’ Meeting Online participation 19
Slide 21: Resolutions
Section 4 Resolutions
Slide 22: Resolution 1: Re-election of Paul Gough
Resolution 1 Re-election of Paul Gough Paul joined the Board as an independent director in 2012 and was last re-elected in 2021. He is managing partner of the UK private equity fund STAR Capital. He is a director of several international companies in the transport, logistics, healthcare, infrastru
Slide 23: Resolution 2: Re-election of Jason Boyes
Resolution 2 Re-election of Jason Boyes Jason is Chief Executive of Infratil and joined the Board in 2021. Jason is Chair of Longroad Energy and a director of CDC Data Centres. He joined Morrison in 2011 after a 15-year legal career in corporate finance and M&A in New Zealand and London. Jason has
Slide 24: Resolution 3: Payment of FY2023 Incentive Fee by Share Issue
Resolution 3 Payment of FY2023 Incentive Fee by Share Issue That Infratil be authorised to issue to Morrison Infrastructure Management Limited (Morrison), within the time, in the manner, and at the price, prescribed in the Management Agreement, such number of fully paid ordinary shares in Infratil
Slide 25: Resolution 4: Payment of FY2024 Incentive Fee by Share Issue
Resolution 4 Payment of FY2024 Incentive Fee by Share Issue That Infratil be authorised to issue to Morrison Infrastructure Management Limited (Morrison), within the time, in the manner, and at the price, prescribed in the Management Agreement, such number of fully paid ordinary shares in Infratil
Slide 26: Resolution 5: Auditor's remuneration
Resolution 5 Auditor’s remuneration That the Board be authorised to fix the auditor’s remuneration. For Against Discretionary 540,575,788 3,460,801 8,921,467 97.76% 0.63% 1.61% 25
Slide 27: Close and refreshments
Section 5 Close and refreshments
Slide 28: Annual Shareholders' Meeting
Annual Shareholders’ Meeting 22 August 2024
Slide 29: 30 years of growth
30 years of growth © Nanowaooray e © Central Power . ° © Fowerco (© ert rong . ®@ © Portof Auckland e o ae e (© Natural Gas Corporation @e ‘Tront Ral e @ oo e r ° ° © Lokey © rergyDevelopmens e © nzeis (© Ack rtrntonal Arpt . © PerhEnergy ° Snapper © lofrati Property © iste. © Zineay © Matfocara fe