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13/4/2018 — Oil and Gas
Infratil details new guidance

The diversified infrastructure and energy investor Infratil Ltd (NZX: IFT) told delegates to its Investor Day this week that its guidance for 2019 was for a result of between $500 million and $540 M.

Operating cash flow for 2019 would be below the 2018 outlook and range from between $210 M and $250 M.

The audience was told Infratil was poised for strong growth, given its recent platform development, with an emphasis on shifting back to capital growth.

Some of the objectives being looked at were lowering the cost of energy, decarbonisation, managing growing health-care costs and repowering the future public transport fleets with electric vehicles (EVs).

On its key investments Infratil said that Trustpower Ltd (NZX: TPW) reflected a generation capex in addition to operational and maintenance programmes while hive-off Tilt Renewables Ltd (NZX & ASX: TLT) now has construction of the Salt Creek wind farm in Victoria

PDF File Investor day presentation. (361.9 kilobytes)
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