Morningstar - Infratil Ltd. (IFT) Infratil Upgrades Guidance at 1H Result; No Change to FVE

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Morningstar

Adrian Atkins

EUR 100.00 For Business Accounts Only

Infratil Upgrades Guidance at 1H Result; No Change to FVE

Narrow-moat Infratil's first-half fiscal 2019 EBITDA increased 19% to AUD 339 million, mainly on one-off gains and revaluations. Underlying performance appears solid, with some well-performing assets offsetting weakness elsewhere. Three of the smaller businesses are likely to be sold in 2019, narrowing the focus more in line with Infratil's core themes of renewable energy, data centres and retirement living. Fiscal 2019 guidance was upgraded again, this time to NZD 580 to 620 million. We upgrade...

13/11/2018 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

Morningstar | Ceased Coverage on Infratil

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Infratil Upgrades Guidance at 1H Result; 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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