Antin Infrastructure Partners (ANTIN) AGM 2024 summary

Opening remarks and agenda

• AGM held on 13 June 2024, confirming legal formalities, appointing scrutineers and secretary, and acknowledging statutory auditors and independent administrators.

• Agenda included review of 2023 activities, future perspectives, climate strategy, financial performance, governance, compensation, auditor reports, Q&A, and voting on resolutions.

Financial performance review

• Assets under management reached EUR 41 billion, with EUR 20 billion generating commissions; revenue rose 32.1% to EUR 282.9 million.

• EBITDA grew by 48% and net income increased by 60% compared to 2022; underlying EBITDA margin expanded to 62%, and net income margin surpassed 45%.

• Underlying net income reached EUR 128 million, with EPS after dilution at EUR 0.73.

• Personnel expenses rose 15.1% due to headcount growth and inflation; operating costs increased accordingly.

• More than EUR 420 million in cash supports growth initiatives.

Board and executive committee updates

• Four employees promoted to managing partner, expanding leadership alongside co-founders.

• ExCom broadened to include Stéphane Ifker, Angelika Schöchlin, and Kevin Genieser, reflecting internal promotions and global expansion.

• Board composition: six members, 50% independent directors, 50% women, five nationalities, and diverse sector experience.

• Committees (Audit, Nomination & Compensation, Sustainability) maintain high independence and expertise.