HY26 RESULTS
INVESTOR PRESENTATION
13 November 2025
Infratil Half Year Results Presentation
Jason Boyes
Infratil CEO
Andrew Carroll
Infratil CFO
INFRATIL & HY26 OVERVIEW p3
PORTFOLIO PERFORMANCE p7
GROUP FINANCIAL
PERFORMANCE & GUIDANCE p20
SUPPORTING MATERIALS p27
Infratil Overview
An infrastructure investment company that actively invests in ideas that matter
Infratil (IFT.NZX, IFT.ASX)Market capitalisation of NZ$12.1bn1 (US$7.3bn)
Included in S&P NZX50, ASX200, and
A strong track record: 18% TSR since inception in 19942,3Period2 IFT TSR
600%
Cumulative annual return (%)
550%
MSCI Global Standard Index
Our target: shareholder returns of 11-15% per annum on a rolling 10-year basis
A value-add infrastructure investment companyActive portfolio construction and management with multiple pillars of value creation over time
Management partnership leverages Morrison's extensive global capabilities
500%
450%
400%
350%
300%
250%
200%
150%
100%
50%
0%
-50%
5 - year 22.8%
10 - year 19.2%
20 - year 13.8%
Since inception 18.4%
IFT NZX 50
ASX 200
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
A diverse portfolio with significant growth opportunitiesTotal asset value NZ$19.0 billion1
Diversified across four sectors:
Digital
Renewables
Healthcare
Airports
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