Infratil Limited · NZX:IFT
Infratil — Merger or Acquisition (August 2016)
6 slides from Infratil's merger presentation, Aug 2, 2016
Slide 1: Acquisition of ANU Student Accommodation concession
Infratil xxxxxx 2016 xxxxxxxxxxxxxxxxx Infratil Acquisition of ANU Student Accommodation concession Investor Briefing Pack – 2 August 2016
Slide 2: Summary of the ANU investment
Summary of the ANU investment Exposure to an emerging sector with attractive yield • 50% interest in the revenue stream from nine on- campus residences under a 30 year concession with the Australian National University (“ANU”) in Canberra • Provides Infratil with exposure to a new growth sector with
Slide 3: Outline of the ANU investment
Outline of the ANU investment Revenue from on-campus student residences under a 30 year concession • Revenue stream from nine on-campus Purpose Built Student Accommodation (“PBSA”) residences under a 30 year concession with the Australian National University (“ANU”) in Canberra; – ANU will retain ow
Slide 4: Positive sector/platform fundamentals
Positive sector/platform fundamentals Best in class asset with significant expansion opportunities Reason Description Macro view • PBSA is an emerging asset class supported by strong domestic and international demand growth for quality tertiary education • On-campus PBSA is characterised by unique s
Slide 5: Attractive yield with platform potential
Attractive yield with platform potential Twofold contribution to the Infratil portfolio PORTFOLIO ROLE ANU STRATEGIC FIT CORE CASH-GENERATING PORTFOLIO On a standalone basis, Core portfolio generates cash to • Trustpower Core ANU provides: support IFT-level debt • Wellington Airport and dividends •
Slide 6: Investment in ANU
Investment in ANU Transaction overview • 50% equity stake in ANU’s student accommodation for a cash equity consideration of approximately A$82.5m • Commonwealth Superannuation Corporation will own the remaining 50% (governance split 50/50) • Following the Canberra Data Centres’ settlement (awaiting