Infratil (IFT) Investor presentation summary

Strategic vision and market positioning

• Aims to be the best at what customers value most: connectivity, service, value, and trust.

• Focuses on delivering the safest, most secure, and reliable network infrastructure in New Zealand.

• Differentiates through world-first satellite-to-mobile services, AI-powered network optimisation, and a leading loyalty program.

• Maintains strong brand trust, high organisational health, and a commitment to diversity in leadership.

Financial performance and outlook

• Revenue and EBITDA have shown consistent growth, with FY26 EBITDA guidance of $595–$625 million maintained.

• Strong mobile margin growth driven by price increases, connection growth, and value-added services like One Wallet and SpaceX.

• Wholesale growth supported by MVNO onboarding and increased connections.

• Capital intensity expected to reduce to 13% in FY26, with capex guidance at $235–$265 million.

• Targeting mid-30% EBITDA margin and increased cash generation over the medium term.

Operational and technological advancements

• Completed first stage of technology modernisation, migrating 1.2 million prepay customers to a new IT stack.

• AI and automation are transforming customer experience, with 1,900 employees trained and 3,000 RPA tools deployed.

• EonFibre separation nearly complete, aiming to be the leading bandwidth provider for wholesale customers.

• MVNO platform growth continues, with strong double-digit YoY growth expected in FY26.