Full Year 2024 Infratil Ltd Earnings Call Transcript
Key Points
- Infratil Ltd (ASX:IFT) reported strong EBITDAF of $864 million, slightly above the top end of their revised guidance range.
- The company achieved a significant 22% shareholder return over the past decade, indicating strong portfolio momentum.
- Infratil Ltd (ASX:IFT) made substantial investments across its portfolio, including over $2 billion in CDC, One NZ, Longroad Energy, and Kao Data.
- CDC Data Centres experienced a 26% increase in EBITDAF, driven by a surge in demand for AI-related capacity.
- The company remains committed to sustainability, with improved ratings from GRESB and Sustainalytics, and the release of their first sustainability report.
- The enterprise segment for One NZ faced challenges due to cost reductions by customers in both enterprise and public sectors.
- Fixed broadband remains highly competitive, with aggressive pricing from energy retailers impacting One NZ's performance.
- There was a slight rise in the portfolio level LTIFR frequency rate, indicating increased safety incidents.
- Longroad Energy's development side fell short of its 1.5 gigawatt target, achieving only 1.1 gigawatts of projects reaching financial close.
- Wellington Airport's recovery to pre-COVID passenger levels is still incomplete, currently at nearly 90%.
(spoken in foreign language) and welcome, everybody. I'm Jason Boyes, the Chief Executive and the Director of Infratil. And I'm joined by our CFO, Andrew Carroll. Good morning, Andrew.
Good morning.
And welcome. We're delighted to present to you today Infratil's annual results for the year ended March 31, 2024.
Disclaimers. These guys got quite a big program to get through, so I'll get underway. I'm trying to set the scene first. Most of you know this, but it's important to get oriented first. So we're an infrastructure investment company, focused on investments across digital, renewables, healthcare, and airports, backed by these long-term investment themes here on the
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