Infratil Limited · NZX:IFT
Infratil — FY2006 Earnings Presentation
12 slides from Infratil's earnings presentation, May 15, 2006
Slide 1: Infratil Limited 31 March 2006 Results Presentation
Infratil Limited 31 March 2006 Results Presentation 15 May 2006
Slide 2: 2006: Achievements
2006: Achievements $750 million increase in investments $236 million gain to shareholders $377 million of acquisitions (2 European airports, a South Australian power station, New Zealand’s largest public transport provider) Incremental investment via Wellington Airport, TrustPower, Infratil Energy A
Slide 3: 2006: Financial Results
2006: Financial Results EBITDA $79.9 (from $65.5 million) Operating surplus before tax $13.8 million ($27.9 million) Net surplus after minority interests $8.0 million ($45.0 million) Fully imputed final dividend of 7.5 cents per share to be paid 12 June (5.5 cents) Page 3
Slide 4: 2006: Financial Results
2006: Financial Results $000 Year ended Year ended 31 March 2006 31 March 2005 TrustPower 28,646 25,740 Wellington Airport 24,043 23,647 Infratil Airports Europe (6,862) 3,276 Infratil Energy Australia (2,455) (2,398) Public Transport 8,626 - Other dividend income 2,830 2,110 Realisations & revaluat
Slide 5: 2006: Capital
2006: Capital CAPITAL AND DEBT VALUE VALUE VALUE 000 31 M ARCH 2006 31 DECEMBER 2005 31 M ARCH 2005 Net Bank Debt $140,005 $264,727 $4,715 Bonds $481,607 $320,580 $233,938 Market value of equity $982,310 $856,042 $775,723 Total capitalisation $1,603,922 $1,441,348 $1,014,377 Gearing 38.8% 40.6% 23.5
Slide 6: Maintaining the record
2006: Maintaining the record IFT Annual Returns 100% 80% 60% 40% 20% 0% -20% -40% Mar-95 Mar-96 Mar-97 Mar-98 Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-05 Mar-06 Mar 04 Div Return Capital Return Page 6
Slide 7: Investments
Investments INFRATIL INVESTMENTS . * . 7 2 . . . . . ‘ . . iia : ha = . f . & . . . a . . ™ TrustPower Power Stations ~ m= Energy Developments Power Stations * = Airports ~ Victoria Electricity = Public Transport Page 7
Slide 8: Portfolio Evolution
Portfolio Evolution $ M illion Portfolio Evolution 2,000 New Zealand Europe Australia 1,600 1,200 800 400 1999 2000 2001 2002 2003 2004 2005 2006 Investments in Australian energy and European airports means that approximately 40% of Infratil’s shareholders funds are now invested outside of the NZ$.
Slide 9: Regulation
Regulation Increased regulation an inevitable development with a more interventionist Government Infratil’s goal is to minimize regulatory intervention. Regulation inevitably focuses on restrictions, Infratil’s operational objective is to orientate its activities towards community (including consume
Slide 10: Win - Win - Win
Win - Win - Win Capital providers – Employees – Community Each must win from the interaction with Infratil Page 10
Slide 11: Infratil Vision
Infratil Vision We target sectors where change is taking place and where Management’s expertise can be utilised. Energy (especially renewable energy and energy from waste), emerging airports, public transport. In these sectors existing utilities are facing significant changes and challenges. Infrati
Slide 12: www.infratil.com
www.infratil.com Page 12