What does Infratil’s (NZX:IFT) investment activity reflect?


  • Being an infrastructure investment company, Infratil primarily invests in growth sectors.
  • Its investments consist ofenergy, airports, digital and social infrastructure, etc.
  • Bolstered by continuous demand and strong cash flows, the Company anticipates a solid EBITDAF for FY22.

Headquartered in Wellington, Infratil Limited (NZX:IFT, ASX:IFT) is an infrastructure investment company, which owns and manages businesses in the energy, transport, data and connectivity, social infrastructure, real estate, and healthcare sectors, etc., across New Zealand, Australia, Europe, and the US.

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A look into Infratil’s investment activity

Boasting a diverse spread of its portfolio assets, the Company's investment activities are centered around developing scalable platforms with an aim for long-term demand growth.

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It is noted that IFT's investments are focused on sectors comprising renewable energy (20%), digital infrastructure (53%), airports (12%), social infrastructure (13%), and others (2%). 

Some of its investment portfolios include CDC Data Centres, Vodafone, Trustpower, Wellington Airport, Qscan Group, Pacific Radiology, RetireAustralia, Longroad Energy, etc.

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Despite COVID-19-related challenges, IFT and its major businesses undertook significant capital investment worth NZ$590 million in renewable energy, NZ$250 million in digital infrastructure and technology, and NZ$310 million through Qscan Group for the initiation of a new diagnostic imaging platform, among others.

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Outcome of its recent Annual Meeting

Due to the prevailing COVID-19 situation across New Zealand, IFT recently held a virtual Annual Meeting, wherein resolutions were passed by the shareholders for the election as well as the re-election of directors of the Company. Also, a resolution was passed to fix the fees and other expenses of the auditor of the Company.

Strong FY21 performance

Infratil Limited's proportionate EBITDAF stood at NZ$398.8 million for the year ended 31 March 2021, up 7.7% on pcp.

Amid the uncertainties posed by the pandemic, the Company remained resilient and navigated successfully with strong cost control measures and a constant demand for its high-quality data centres facilities.

In June 2021, IFT paid a final dividend of 11.5 cps, reflecting an increase of 4.5% on the preceding year.

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Forecasting a solid FY22

Underpinned by continuous growth and expecting cashflows from recent investments in Qscan Group and Pacific Radiology, as well as from CDC Data Centres and Vodafone, Infratil anticipates a proportionate EBITDAF in the range of NZ$470 million and NZ$520 million, for the year ended 31 March 2022.

On 30 August, at the time of writing, Infratil was rising by 1.08% at NZ$7.470.

Bottom Line

Primarily focusing on infrastructure businesses, be it energy, transport, or social, Infratil aims to invest in growth sectors thereby delivering above-average returns to its investors in the long term.



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