Infratil Limited · NZX:IFT

Infratil — Merger or Acquisition (August 2016)

6 slides from Infratil's merger presentation, Aug 2, 2016

  1. Slide 1: Acquisition of ANU Student Accommodation concession

    Infratil xxxxxx 2016 xxxxxxxxxxxxxxxxx Infratil Acquisition of ANU Student Accommodation concession Investor Briefing Pack – 2 August 2016

  2. Slide 2: Summary of the ANU investment

    Summary of the ANU investment Exposure to an emerging sector with attractive yield • 50% interest in the revenue stream from nine on- campus residences under a 30 year concession with the Australian National University (“ANU”) in Canberra • Provides Infratil with exposure to a new growth sector with

  3. Slide 3: Outline of the ANU investment

    Outline of the ANU investment Revenue from on-campus student residences under a 30 year concession • Revenue stream from nine on-campus Purpose Built Student Accommodation (“PBSA”) residences under a 30 year concession with the Australian National University (“ANU”) in Canberra; – ANU will retain ow

  4. Slide 4: Positive sector/platform fundamentals

    Positive sector/platform fundamentals Best in class asset with significant expansion opportunities Reason Description Macro view • PBSA is an emerging asset class supported by strong domestic and international demand growth for quality tertiary education • On-campus PBSA is characterised by unique s

  5. Slide 5: Attractive yield with platform potential

    Attractive yield with platform potential Twofold contribution to the Infratil portfolio PORTFOLIO ROLE ANU STRATEGIC FIT CORE CASH-GENERATING PORTFOLIO On a standalone basis, Core portfolio generates cash to • Trustpower Core ANU provides: support IFT-level debt • Wellington Airport and dividends •

  6. Slide 6: Investment in ANU

    Investment in ANU Transaction overview • 50% equity stake in ANU’s student accommodation for a cash equity consideration of approximately A$82.5m • Commonwealth Superannuation Corporation will own the remaining 50% (governance split 50/50) • Following the Canberra Data Centres’ settlement (awaiting

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