Infratil Limited · NZX:IFT
Infratil — Investor Day (2024)
9 slides from Infratil's investor day presentation, May 17, 2024
Slide 1: Renewable Energy Update
Renewable Energy Update Managed by Vimal Vallabh Global Head of Energy
Slide 2: Global Renewables
Global Renewables • Global investment in the energy transition hit a record US$1.8tr in 2023, to reach net A unique global zero this needs to almost triple for the remainder of the decade¹ platform, utilising a • New investment in renewable energy reached yet another record in 2023, coming in 10% hi
Slide 3: Our Global Renewables Platform
Our Global Renewables Platform Well positioned to continue to capitalise on unprecedented growth Europe • Established in February 2020 • Wind, Solar and Storage • 10.6GW development pipeline • 58 employees Asia • Established in July 2021 • Wind, Solar and Storage • 6.9GW development pipeline North A
Slide 4: Platform Highlights Reel
Platform Highlights Reel Infratil represents one of the best investable renewable opportunities globally • Construction of >3GW across 4 States expected to complete, continue, or commence in FY2025 • Total pipeline of projects expanded by ~11GW during 2023 to 29GW across more than 20 states • Secure
Slide 5: Typical Project Return Profile
Typical Project Return Profile Holding period will significantly drive risk, return and capital at work in renewables Variability in risk profile exists across all projects, driven by a number of factors, including resource, contracting and market structures, capex costs, political and regulatory en
Slide 6: Portfolio Management
Portfolio Management Consistent methodology to valuation Construction Regional platforms M&A cost Cost of Site Standardised market market capital select valuation approach based Looking beyond near-term pipeline, continuous Policy setting Power on project stage optionality to originate and develop t
Slide 7: Valuation Evolution
Valuation Evolution Startup development platforms take time to reflect value $/ €m Note values are as at 31 Dec 2023 and shown in local platform currency 2,800 2,700 Longroad Energy 2,600 Galileo 2,500 Gurin Energy 2,400 Mint Renewables 2,300 2,200 Planned 1st 2,100 asset sale 1st asset sale 1st ass
Slide 8: Decentralised Global Developer
Decentralised Global Developer Optimising capital deployment options for risk and returns • Experienced localised management with deep pipelines • Diversify political, technology, markets, price and volume risks • Local market knowledge and development capability • Optionality in quantum, timing and
Slide 9: A Large Investable Landscape
A Large Investable Landscape The energy transition provides an unprecedented and sustained opportunity set Forecast investment needs to achieve a net zero outcome by 2050 $ billion (2023) +15% 7,594 8,000 +36% CCS 6,589 Clean industry 6,000 +174% Electrified heat 4,843 Electrified transport 4,000 En