International Public Partnerships Ltd · LSE:INPP
International Public Partnerships — Numis Listed Infrastructure & Renewables Conference (January 2024)
11 slides from International Public Partnerships's conference presentation, Jan 31, 2024
Slide 1: An Overview of INPP
AN OVERVIEW OF INPP 31 January 2024 IMAGE Dudgeon OFTO, UK
Slide 2: Important Information
IMPORTANT INFORMATION By reading this presentation, you agree to be bound by the following limitations: The information in this document has been prepared at the direction of International Public Partnerships Limited, a FTSE 250 listed Guernsey incorporated investment company (“INPP” or the "Company
Slide 3: Our Approach
OUR APPROACH OUR PURPOSE IS TO INVEST RESPONSIBLY IN SOCIAL CONSISTENT AND PREDICTABLE RETURNS AND PUBLIC INFRASTRUCTURE THAT DELIVERS ▪ Resilient, inflation-linked cash flows LONG-TERM BENEFITS FOR ALL STAKEHOLDERS. ▪ Focus on growing predictable dividends INPP believes that the financial performan
Slide 4: Response to Current Market Environment
RESPONSE TO CURRENT MARKET ENVIRONMENT The Company previously announced that it would take the following actions to ensure it remains well positioned in the current market environment Enhancing short-term Realising value from dividend growth the existing portfolio Reducing the use of its Keeping oth
Slide 5: Enhancing Short-Term Dividend Growth
- ENHANCING SHORT-TERM DIVIDEND GROWTH 2023 TARGET DIVIDEND 2023 DIVIDEND GROWTH INCREASED TO 5.0% 1 GROWTH1 5.0% +5.0% +2.5% growth in growth in pence per share 20231 20241 +c.2.5% consistent annual dividend growth 9 Actual Forecast 8 8.13 8.33 7 7.55 7.74 7.18 7.36 6.82 7.00 6 6.15 6.30 6.45 6.65
Slide 6: Realising Value from the Existing Portfolio
- REALISING VALUE FROM THE EXISTING PORTFOLIO AIRBAND OFFSHORE TRANSMISSION OWNERS (‘OFTOS’) ▪ Airband is a leading fibre network operator serving rural and hard-to-reach areas ▪ OFTOs own the electricity transmission infrastructure connecting offshore across the West of England windfarms to the ons
Slide 7: Repayment of Cash Drawings under the CDF
- REPAYMENT OF CASH DRAWINGS UNDER THE CDF Realisation proceeds have been used to reduce the drawn balance of the CDF Asset level debt benefits from mitigations in relation to changes in base rates in accordance with the Board’s previously-announced commitment ▪ INPP has historically made prudent us
Slide 8: Disciplined Approach to Capital Allocation
DISCIPLINED APPROACH TO CAPITAL ALLOCATION FOCUS ON DISCIPLINED ALLOCATION OF CAPITAL TO OPTIMISE THE PORTFOLIO AND ENHANCE SHAREHOLDER RETURNS RECYCLING CAPITAL SHARE BUYBACK DIVIDENDS ▪ The Company expects to invest up to £85m into ▪ Continued belief that the share price materially ▪ 2023 dividend
Slide 9: Summary
SUMMARY PORTFOLIO REMAINS WELL-POSITIONED WITH RESILIENT CASH FLOWS AND PREDICTABLE RETURNS Strong Increased High-level of Well covered performance dividends inflation-linkage dividends Strong operational and 2023 dividend target1 0.7% inflation linkage2 which Delivering on forward dividend financia
Slide 10: Contacts
CONTACTS IMAGE 10 Shirley Boys' and Avonside Girls' Schools, New Zealand
Slide 11: Contact Details
CONTACT DETAILS AMBER FUND MANAGEMENT (INVESTMENT ADVISER) FTI CONSULTING (PR & COMMUNICATIONS) Director, INPP: Giles Frost Ed Berry, Mitch Barltrop, Jenny Boyd Telephone: +44 (0)20 7939 0550 Telephone: +44 (0) 7703 330 199 / (0) 7807 296 032 Email: Giles.Frost@amberinfrastructure.com / (0) 7971 005