Infratil Limited (IFT) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Kia ora tatou. I'm Jason Boyes, the Chief Executive of Infratil, and welcome to Infratil's annual results presentation for the year-ended 31 March 2026. I'm here with our CFO, Andy Carroll. Morning, Andy. Morning. And together, we're going to run through the annual results presentation that was released to the ASX and the NZX this morning. You can also find our annual report and a whole bunch of other supporting information in that release. So without further ado... This is an overview of the company that all of you will hopefully be familiar with. We're very proud of the strong track record that we're showing on the right-hand side there. Very strong growth over many periods and remarkable over such a long period since inception. If we then switch to having a quick look at the portfolio, this is a snapshot of the portfolio as at 31 March. We had some farewells and a welcome during the year. During the year, we sold Retire Australia, Infantile Property, and 40 South, our Towers business. We also sold Manawa Energy into Contact Energy. As we progressed our median term target that we described last year of divesting up to $1 billion of assets over the median term, one welcomes the Anytime Radiology, which was established during the year, our Tally Radiology business that we spun out of our ANZ Radiology businesses. I'll talk about that a little bit more later on. So quickly to the highlights. We delivered growth in what were very volatile markets. I'll let Andy talk to the numbers in a second, but quickly focus on the two main drivers of growth, CDC and Long Road. Both have their growth being accelerated by the massive build-out of AI infrastructure globally. CDC is now a global scale data center operator with more than a gigawatt of contracted capacity and a strong gr...