Morningstar - Infratil Ltd. (IFT) Guidance Upgraded on Good Trustpower Performance; No Change to FVE

Report

Morningstar

Adrian Atkins

EUR 101.80 For Business Accounts Only

Guidance Upgraded on Good Trustpower Performance; No Change to FVE

Narrow-moat Infratil upgraded fiscal 2018 earnings guidance 5% to between NZD 485 and NZD 525 million as key asset Trustpower continues to benefit from favourable weather conditions. North Island hydro inflows have been well above average in 2017, while South Island inflows have been poor. This has allowed Trustpower to increase hydroelectric production, while the wholesale price has been supported by reduced output from the major South Island electricity generators in Meridian Energy and Contac...

16/10/2017 14 EN

Underlying

Infratil Ltd.

Infratil and its subsidiaries own and operate infrastructure and utility businesses and investments in New Zealand and Australia. Co. and its subsidiaries operate in six business segments: TrustPower, Wellington Airport, NZ Bus, Infratil Energy Australia, Infratil Airports Europe and Other. Trust Power is Co.'s renewable generation investment; Wellington International Airport is Co.'s Wellington Airport Investment; NZ Bus is Co.'s transportation investment; and Infratil Energy Australia (including Perth Energy) is Co.'s non renewable generation investment. The principal investments in the Other segment are Co.'s interests in Z Energy, Metlifecare, RetireAustralia and ASIP.

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NZIFTE0003S3 NZX New Zealand

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Adrian Atkins

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Morningstar | Ceased Coverage on Infratil

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Guidance Upgraded on Good Trustpower Performance; No Change to FVE

Infratil Limited: 1 director

With a more favourable environment, INFRATIL improves to Slightly Positive

Morningstar | Ceased Coverage on Infratil

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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