3i Infrastructure PLC · LSE:3IN
3i Infrastructure — Shareholder Meeting (July 2017)
22 slides from 3i Infrastructure's shareholder meeting presentation, Jul 6, 2017
Slide 1: Annual General Meeting
Annual General Meeting 6 July 2017
Slide 2: Important information
Important information The sole purpose of this information-only presentation (“Presentation”) is to provide information on a The distribution of this Presentation in certain jurisdictions may be restricted by law. Persons into whose non-reliance basis about 3i Infrastructure plc and its subsidiaries
Slide 3: Introduction
Introduction Richard Laing Chairman
Slide 4: Today's agenda
Today’s agenda Introduction Review and business update Annual General Meeting resolutions 4
Slide 5: Board of Directors
Board of Directors Richard Laing Chairman Paul Masterton Doug Bannister Wendy Dorman Non-executive Director Non-executive Director Non-executive Director Senior Independent Director Ian Lobley Steven Wilderspin Non-executive Director Non-executive Director (3i nominee) Chairman of Audit Committee 5
Slide 6: FY17 results: achieved all targets for the year
FY17 results: achieved all targets for the year 9.4% Total return on opening NAV Good portfolio performance driving NAV growth 169.0p NAV per share Record level of new investment across target markets £479m Good income progression following new investment £86m £20m Cash balance Efficient balance she
Slide 7: Strong and long-term track record
Strong and long-term track record Total shareholder return 3iN FTSE 250 20% 16.1% 15.3% 15% 11.6% 10% 7.9% 5% 0% FY17 Annualised since IPO Outperforming FTSE 250 Low share price volatility through the cycle Source: Bloomberg. 7
Slide 8: Strong and long-term track record: 10-year NAV and dividends growth
Strong and long-term track record 10-year NAV and dividends growth 279 255 224 180 168 155 147 134 123 113 100 5.00 5.30 5.50 5.72 5.94 6.49 6.70 7.00 7.25 7.55 IPO FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 8
Slide 9: Review and business update
Review and business update Phil White Managing Partner and Head of Infrastructure
Slide 10: Clear strategic priorities
Clear strategic priorities Maintaining a balanced portfolio Disciplined approached to new investments Delivering an attractive mix of income yield and Focusing selectively on investments capital growth for our shareholders that are value enhancing to the Company’s portfolio and consistent Investing
Slide 11: Portfolio has grown and diversified since 2015
Portfolio has grown and diversified since 2015 Portfolio value: 31 March 2015 Portfolio value: 31 March 2017 India Projects Elenia Eversholt Elenia 2% Valorem 12% 19% 22% 28% WIG 3% 4% £1.3bn 19% ESVAGT 6% £1.9bn 5% India AWG 15% 6% 12% AWG 9% 8% XLT Projects 9% Oystercatcher 11% 10% XLT TCR Oysterc
Slide 12: Diversifying the portfolio
Diversifying the portfolio Wireless TCR Infrastructure €189m investment Group July 2016 £75m investment Europe’s largest June 2016 independent asset owner of airport ground support Second largest equipment independent operator of communication towers in the UK 12
Slide 13: Diversifying the portfolio
Diversifying the portfolio Valorem Infinis €69m investment £185m investment September 2016 December 2016 France’s leading Leading generator of independent renewable electricity from landfill gas energy development and in the UK operating company 13
Slide 14: Diversifying the portfolio
Diversifying the portfolio Hart van Zuid A27/A1 €5m investment €6.5m investment April 2016 October 2016 Renewal and Reconstruction of the A27 revitalisation of the area motorway and of the A1 surrounding the Zuidplein motorway in the and Ahoy centres in Netherlands Rotterdam, the Netherlands 14
Slide 15: Driving value through engaged asset management
Driving value through engaged asset management ESVAGT Oystercatcher • Optimising cost base in tougher • Refinanced part of the bank facility market conditions in the oil and gas through long dated funding in segment Singapore Dollar • Good pipeline of potential contracts • Building a new marine jett
Slide 16: A growing team dedicated to infrastructure investment
A growing team dedicated to infrastructure investment Phil White Managing Partner Stéphane Bernardo Sottomayor John Cavill Nigel Middleton Scott Moseley James Dawes Grandguillaume Partner Partner Partner Partner CFO Partner Faraidon Aaron Church Antoine Matton Stephane Duhr Thomas Fodor Saheb-Zadha
Slide 17: Focus for FY18
Focus for FY18 Managing the portfolio intensively Investing in the existing portfolio where there are attractive capital expenditure or acquisition opportunities Selectively sourcing new investments in competitive markets to further diversify and improve the balance of the portfolio 17
Slide 18: Delivering for shareholders
Delivering for shareholders Achieved all of our targets for the period Further diversifying the portfolio and building income Maintaining an efficient balance sheet A strong team with a long term track record 18
Slide 19: Annual General Meeting Resolutions
Annual General Meeting Resolutions Richard Laing Chairman
Slide 20: Summary of resolutions
Summary of resolutions • 12 ordinary resolutions – Regular annual business (including final dividend and accounts approval) – Appointment of Deloitte LLP as auditors – Directors submitting themselves for election or re-election – Approval of Directors’ remuneration report – Renewal of the approval t
Slide 21: Poll card - AGM
Poll card - AGM PROXY FORM 3i Infrastructure plc - ANNUAL GENERAL MEETING Webbing a member ofthe Company hereby ‘appoinc the Name of proxy _5 mylour proxy to vote on mylourbalf tthe Annual General Meeting ofthe Cempany to beheld 2 Freshfields Eucknaus Deringer LLP NorihciffeHowse, 26-28 Tudor Seat,
Slide 22: 3i Infrastructure plc
3} Infrastructure plc