Financial News, Analysis and Data, FNArena

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Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul><li>Infratil outlined ambitious plans at its recent investor day.</li><li>A subsequent data centre contract win and AUKUS anticipation raised market expectations further.</li><li> -Infratil&rsquo;s share price supported by mid-September investor day and data centre contract -Growth prioritised via digital infrastructure and renewables -Management's ambition is to lift market cap to $20bn from the current $10.51bn -Potential for AUKUS-related OpenAI contract</li></ul>

Infratil outlined ambitious plans at its recent investor day.A subsequent data centre contract win and AUKUS anticipation raised market expectations further. -Infratil&rsquo;s share price supported by mid-September investor day and data centre contract -Growth prioritised via digital infrastructure and renewables -Management's ambition is to lift market cap to $20bn from the current $10.51bn -Potential for AUKUS-related OpenAI contract

Infratil's Digital & Decarbonisation Drive

New Zealand Professional Investment Services Firm, Forsyth Barr

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<ul><li>Infratil (IFT) announced CDC Data Centres (CDC) has signed another 100MW of contracts.</li><li>We increase our target price to NZ$13.25 due to peer re-rating and marginal near-term earnings upgrades in CDC.</li><li>For CDC to deliver its ~+70% year-on-year increase in EBITDA in FY27, it needs the majority of its FY27 contracts to start generating revenue early in the year.</li></ul>

Infratil (IFT) announced CDC Data Centres (CDC) has signed another 100MW of contracts.We increase our target price to NZ$13.25 due to peer re-rating and marginal near-term earnings upgrades in CDC.For CDC to deliver its ~+70% year-on-year increase in EBITDA in FY27, it needs the majority of its FY27 contracts to start generating revenue early in the year.

<ul><li>Infratil (IFT) hosted a confident investor day with presentations from its three largest portfolio companies: CDC Data Centres, One NZ, and Longroad; as well as its most promising future growth platform, Gurin Energy.</li><li>The key updates were reiterations of medium-term targets from each of its three large investments.</li><li>CDC is now tracking to the bottom end of its FY26 guidance range, with timing delays the reason, but it retained confidence in its FY27 target, which now implies ~+70% year-on-year EBITDAF growth; we forecast ~+60% growth.</li></ul>

Infratil (IFT) hosted a confident investor day with presentations from its three largest portfolio companies: CDC Data Centres, One NZ, and Longroad; as well as its most promising future growth platform, Gurin Energy.The key updates were reiterations of medium-term targets from each of its three large investments.CDC is now tracking to the bottom end of its FY26 guidance range, with timing delays the reason, but it retained confidence in its FY27 target, which now implies ~+70% year-on-year EBITDAF growth; we forecast ~+60% growth.

Infratil Investor Day 2025—Reiterating Targets

<ul><li>Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil.</li><li>Management has consistently generated value for shareholders over time.</li><li> -Infratil&rsquo;s FY25 earnings beat management&rsquo;s guidance -Exposure to high-growth digital infrastructure -CDC Data Centres appears undervalued -Renewables exposure weighted heavily to solar and battery projects</li></ul>

Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil.Management has consistently generated value for shareholders over time. -Infratil&rsquo;s FY25 earnings beat management&rsquo;s guidance -Exposure to high-growth digital infrastructure -CDC Data Centres appears undervalued -Renewables exposure weighted heavily to solar and battery projects

Infratil's Growing (Undervalued) Digital Exposure

<ul><li>Infratil's current risk levels are high due to leverage and insufficient operating cash flow.</li><li>CDC's EBITDA growth guidance was disappointing, but the FY27 target remains intact.</li><li>Infratil plans to raise over NZ$1b by divesting non-scalable businesses, potentially impacting operating cash flow.</li></ul>

Infratil's current risk levels are high due to leverage and insufficient operating cash flow.CDC's EBITDA growth guidance was disappointing, but the FY27 target remains intact.Infratil plans to raise over NZ$1b by divesting non-scalable businesses, potentially impacting operating cash flow.

New Zealand

Infratil Limited is an infrastructure investment company. The Company invests in airports, energy such as renewable and waste-energy, and public transportation.

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Infratil Ltd (IFT NZ)

Infratil's Digital & Decarbonisation Drive

Infratil outlined ambitious plans at its recent investor day. A subsequent data centre contract win and AUKUS anticipation raised market...

FNArena

Infratil CDC Racks Up The Contracts

For CDC to deliver its ~+70% year-on-year increase in EBITDA in FY27, it needs the majority of its FY27 contracts to start generating revenue early...

Forsyth Barr

Infratil Investor Day 2025—Reiterating Targets

Infratil (IFT) hosted a confident investor day with presentations from its three largest portfolio companies: CDC Data Centres, One NZ, and...

Forsyth Barr

Infratil's Growing (Undervalued) Digital Exposure

Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil. Management has consistently generated value for...

FNArena

Infratil FY25 Result—Reality Check

Infratil's current risk levels are high due to leverage and insufficient operating cash flow. CDC's EBITDA growth guidance was disappointing, but...

Forsyth Barr

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