Infratil Limited (IFT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Infratil's half-year results presentation for financial year 2026. I'm Jason Boyes, the chief executive of Infratil, and I'm here with my partner in crime, Andy Carroll, the CFO. Welcome, Andy. Good morning. We're going to talk through the presentation that's been released to the NZX and ASX this morning, along with other material for our half. And then there'll be questions as usual, time for questions as usual at the end. So let's get into it. Excellent to be speaking to you today on the half just gone and how we feel about the half and further ahead. In short, we feel good with recent contract wins and progress on our strategic initiatives and strong demand for more data centres and power to run them. The portfolio is extremely well positioned for growth, including the big guns, CDC and Long Road. And also Gurren and potentially Kaio poised to join that acceleration. Those big guns have driven the half also with their strong contracted growth starting to come through in earnings with more to come. And One New Zealand has done a good job too in a challenging domestic environment. So with that introduction, let's go to the highlights, which will be on your screen now. Actually not too much new news in the announcements today, but one at the top here. Announcing signing to sell our stake in 40 South, our Towers business, and our old New Zealand bus property in Halsey Street there in Auckland. That's in line with our strategic objective to sell a billion of assets that we feel can't scale to be meaningful in the portfolio. Alongside the sale of Retire Australia that we announced earlier in the year, we're over halfway towards our target. with a strategic review of our investment in QSCAN, already announced that we'd finish the job and that we expect to prog...