RM Infrastructure Income PLC GBP · LSE:RMII
RM Infrastructure Income PLC GBP — RM Infrastructure Bond Fund — Debt Investor Presentation (June 2026)
16 slides from RM Infrastructure Income PLC GBP's debt investor presentation, June 2026
Slide 1: RM Infrastructure Bond Fund Three Year Anniversary Webinar
RM Infrastructure Bond Fund RM Infrastructure Bond Fund Three Year Anniversary Webinar June 2026 Institutional Investors Only
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is an advertisement and not a prospectus for the purposes of EU Directive 2003/71/EC or Part VI of the Financial Services and Markets Act 2000 ("FSMA"). Investors should not subscribe for shares referred to in this Presentation except on the basis of inf
Slide 3: SVS RM Infrastructure Bond Fund Overview
SVS RM Infrastructure Bond Fund Overview Portfolio Management Team What does this fund provide? James Robson Core Portfolio Ollie Farr • Core allocation to investment grade corporate bonds in the infrastructure sector • This provides the defensive building block and the engine for yield Performance
Slide 4: SVS RM Infrastructure Bond Overview
SVS RM Infrastructure Bond Overview ▪ Investment strategy to allocate into corporate credit focused on infrastructure assets ▪ Regulated Infrastructure ▪ Social Infrastructure ▪ Low management fee, 0.45% F Class ▪ Economic Infrastructure ▪ F Class capped OCF 0.50% ▪ Investment Objective ▪ Investment
Slide 5: Characteristics of Infrastructure Debt as an Asset Class
Characteristics of Infrastructure Debt as an Asset Class Essential Services Defensive Spread Performance in Market Stress Revenues derived from essential services tied to asset Consistently muted spread widening compared with broader availability, not market demand. corporate market during credit ev
Slide 6: Defensive Segment of the Market
Defensive Segment of the Market iBoxx EUR IG Sector Weightings Healthcare Real Estate 1%0% 3% 0% 2% 3% 5% Telecoms • RM IBF selects from a small sub-set (c. 3% 30%) of the investment grade corporate 1% 2% Transport bond universe. Utilities 10% • We consider these sectors to be more Autos defensive i
Slide 7: Defensive Spread Performance in Market Stress
Defensive Spread Performance in Market Stress 55 50 RMIBF Sectors 45 Spread vs 10days (bps) 40 35 30 Avg. IG Spread widening 25 (ex-RMIBF Sectors): 26.2bp 20 Avg. IG Spread widening (RMIBF Sectors): 19.3bp 15 10 5 Autos Banks Building Capital Consumer Non-Bank Insurance Media Metals and Oil&Gas Serv
Slide 8: Rates and Credit Snapshot
Rates and Credit Snapshot Rates: Curve steepening, fiscal deficit concerns, inflation sticky but not ‘scary’ Credit: Attractive all-in yields, but HY spreads risk decompression H2 Themes IG Theme: Strong Technicals & Resilient Fundamentals Economic slowdown, increasing labour market slack and weaker
Slide 9: 2-Year Roll Down Position
2-Year Roll Down Position Front-end UK Yield Curve • The fund is overweight (17%) to 2028 maturities. 4.40% • Front-end yields continue to price the expected policy path too aggressively. 4.20% • For the first time since inception, the 2-3 year segment of the sterling credit curve 4.00% is steep, of
Slide 10: H2: Markets to refocus on fiscal sustainability
H2: Markets to refocus on fiscal sustainability UK10YR - US10YR • What were political risks in H1 look to be materialising into real fiscal risks in H2. 1 0.5 • Change in government leadership risks further fiscal rule erosion. 0 • Defense spending commitments ratcheting higher and not one-off. -0.5
Slide 11: Allocation Framework
Allocation Framework ▪ Defined and structured approach to risk taking Investment Guidelines: ▪ Issuer Limit 10% ▪ No Illiquid Holdings/Securities ▪ Clear risk profile grading system for investor communication ▪ <5% crossover in portfolio ▪ Issue Limit 5% holdings with RMAI ▪ >70% portfolio issuers I
Slide 12: The Case for Quality as High-Yield Compression Peaks
The Case for Quality as High-Yield Compression Peaks • The high-yield trade has worked 600 exceptionally well over the last 3- High Yield Compression post QE years. 600 550 • High-yield spreads have compressed into Investment 550 500 grade reducing the differential to levels last seen during QE. 500
Slide 13: Current Portfolio Positioning
Current Portfolio Positioning Portfolio Statistics ▪ Yield to Maturity: 5.36% ▪ Economic Infrastructure: 31% ▪ Top #10 Exposure: 25.5% ▪ Running Yield: 5.50% ▪ Regulated Infrastructure: 34% ▪ # of Holdings: 66 ▪ Distribution Yield*: 5.19% ▪ Social Infrastructure: 19% ▪ % of Portfolio IG: 95% ▪ Durat
Slide 14: RMIBF Relative Performance
RMIBF Relative Performance SVS RM Infrastructure Bond Fund – Relative Performance Since Inception 125 120 115 110 105 100 95 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Aug-24 Nov-24 Feb-25 May-25 Aug-25 Nov-25 Feb-26 May-26 RMIBF IA Sterling SLXX Comparative Performance Total Return (inception) Total Return
Slide 15: Q&A
Q&A Registered in Scotland No SC380707 Registered Office: 7 Castle Street, Edinburgh, EH2 3AH RM Capital Markets Limited is authorised and regulated by the Financial Conduct Authority (Number 562209)
Slide 16: Contact Information
Contact Information Distribution James Satterthwaite: 0131 603 7068 / james.satterthwaite@rm-funds.co.uk David Watts: +44 7402 810068 / david.watts@rm-funds.co.uk Head Office: 4th Floor, 7 Castle Street, Edinburgh, EH2 3AH London Office: 42 New Broad Street, London, EC2M 1JD 16
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