Infratil (IFT) Investor day 2026 summary

Strategic Direction and Portfolio Overview

• The portfolio spans energy, data centers, communications, and healthcare, with $22b in total asset value and 73% allocated to AI infrastructure.

• Focus remains on delivering 11–15% annual shareholder returns over 10 years, with a 32-year track record of 18% per annum net returns.

• Strategy emphasizes a smaller number of scaled, maturing growth engines (notably CDC and Longroad), supported by divestments of less core assets and reinvestment in core verticals.

• Geographic exposure is diversified: Australia (54%), New Zealand (27%), US (12%), Europe (5%), Asia (2%).

• Board tracks KPIs including shareholder return, valuation, risk management, and portfolio composition.

AI, Infrastructure, and Market Trends

• Surging global demand for AI and digital infrastructure is driving rapid data center capacity growth, with global demand projected to rise 2.7x by 2030.

• Supply constraints in chips, power, and approvals are supporting value for incumbent platforms.

• AI infrastructure represents the strongest opportunity, with $16b of portfolio value and significant scarcity supporting economics.

• CDC and Longroad are positioned as advantaged platforms, benefiting from long-term contracts, high barriers to entry, and the ability to capture value from densification and adjacent opportunities.

• ESG leadership, sustainability, and social license are central to long-term value creation and risk management.

Data Centres (CDC and Kao Data)

• CDC has 1.1GW contracted capacity, underpinning over half its valuation and expected to deliver A$2.2b EBITDAF when fully deployed.

• CDC’s FY27 EBITDAF guidance upgraded to A$710m–$750m, with expectations to exceed A$1b in FY28.

• CDC maintains a WALE of 28.7 years and over 90% investment grade revenue, with a Baa2 credit rating.

• Capital expenditure is ramping, with $3.8–$4.2b planned for FY27, and funding is diversified with nearly $5b in available liquidity.

• 555MW contract signed with a US hyperscale customer in May 2026, with 70MW of new capacity in development.