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This Update outlines what is happening to global supply and demand for infrastructure. More is wanted and it is more likely to be provided by private investors. The Update also covers TrustPower's investment plans and the difference of opinion between Wellington Airport and the Commerce Commission.
Infratil Update September 2012
This Update talks about Infratil's investments, earnings growth and shareholder returns. Over the last decade the Infratil group invested $3,060 million and its consolidated annual EBITDAF (earnings before interest, tax, depreciation and value adjustments) rose from $35 million to $520 million. Over the same period Infratil's compound after-tax return to shareholders was 13.7% per annum (since listing returns have been 16.7% per annum).
Infratil’s annual Investor Day in March involved Infratil’s managers outlining challenges and opportunities, and external experts presenting on topics relevant to the future positioning and success of Infratil and its businesses.
Wellington Airport is owned by Infratil (66%) and Wellington City Council (34%). It has a track record of investing in its facilities and working to enhance Wellington’s air services. At the 2011 World Travel Awards Wellington was recognised as the best airport in Australasia. That a small Airport could win this award was testament to all-round excellence and prioritisation of user needs. The Airport’s current challenge is to attract long–haul flights which will directly link the Capital with Asia.
This Update explains why New Zealand electricity prices have risen over the last decade and where they are likely to go over the next decade. It also reviews TrustPower’s investment plans, including in the area of irrigation.
Infratil Energy Australia (IEA) has over 400,000 customers and nearly 300MW of generation. It has taken six years to start rewarding the effort and capital invested. How this company was formed, and why, is explained in this update.
In April Infratil and the New Zealand Superannuation Fund are purchasing Shell's New Zealand fuel distribution and 17.1% interest in the New Zealand Refining Company for $696.5 million. The purchase is scheduled to complete on 1 April 2010.
This edition looks at factors behind investment in new generation facilities and airport capacity. It also covers the need for Infratil's businesses to set high standards and deliver against the expectation of customers in the context of ever-ready regulators. The Update also reviews the Tasman air passenger market since 2000.
In February Infratil held its annual ‘Investor Day’ for investment analysts, institutional fund managers and others with an interest in Infratil’s businesses. This update provides a summary of the day’s discussions and presentations.
10 weeks after its launch 30,000 Wellingtonians are making low-value payments (such as for a bus ride) with Snapper, which by this time next year may be widely available around New Zealand. This Update explains Snapper and why Infratil, a utility company, is backing a payment card.
In February Infratil held its first “Investor Day” for investment analysts and institutional fund managers to meet the Infratil team and receive briefings on Infratil’s businesses. This Update provides a summary of the presentations given that day.
Wellington's links with the world. This Update looks at Wellington Airport’s work to encourage airlines to provide direct links with Asia and America, why airlines can now offer this service, and why the Wellington aviation market would support such a service.
Going green is not expensive for New Zealand electricity consumers. In this Update Infratil looks at how New Zealand's electricity prices compare with Australia's and how their relativities could alter as both coutnries move to a world that includes pricing of carbon.
Infratil's public transport operations are now renamed NZ Bus: NZ Bus is the leading provider of public transport in Auckland and Wellington.
Infratil Update September 2006 1MB
Transtasman Air Market: Wellington Airport - taking an active role in the debate over the proposed airline cartel.
Public Transport: This Update reviews Infratil's $252 million investment into Auckland and Wellington public transport. It is critical for Infratil to be the public transport operator with the lowest cost and best and most liked service
Infratil Update September 2005 1MB
Terminal Upgrade: This Update reviews Wellington Airport's intended International Terminal development, long-haul services to Wellington, the Tasman airfare "bloodbath", and Infratil's investment in Kent International Airport
Infratil Update March 2005 835KB
Renewable Energy: This Update following the implementation of the Kyoto Protocol on 16 February, looks at the impact of living in a carbon priced world.
Infratil Update September 2004 620KB
Wellington's Air Travel Market: This Update also outlines Infratil's involvement with Victoria Electricity Pty Limited and provides some analysis of Infratil's management contract.
Infratil Update March 2004 1MB
Whenuapai Airport: This Update explains why Infratil is pursuing civil use of Auckland's Whenuapai Airport, and some of the issues involved.
Infratil Update September 2003 95KB
Why Infratil is opposed to Qantas taking a 22.5% stake in Air New Zealand and joining with Air New Zealand to control air transport within, into and from New Zealand.
CO2 Emissions and the Energy Sector: this newsletter is Infratil's contribution to building understanding of emissions issues and their importance to New Zealand.
Infratil Update March 2003 546KB
Airport charges: background to recently announced aeronautical charges at Wellington International Airport and comment on the potential Air New Zealand-Qantas alliance.
Infratil Update September 2002 540Kb
Energy Developments Limited: Infratil's $50m investment in the international waste processing and renewables sector.
The airport business: how Wellington International Airport generates income, and some of the factors that will impact on that income in the future.
Infratil Update September 2001 917KB
New Zealand electricity: lessons from the winter of 2001
Infratil Update March 2001 755 KB
An overview of Infratil's recent acquisition - Glasgow Prestwick International Airport
Port of Tauranga
Infratil Update March 2000 1.7 MB
Factors which could influence the future income and business structure of New Zealand electricity companies
Developments at Wellington International Airport following the opening of the new terminal
Infratil Update March 1999 1MB
Recent developments at TrustPower and Alliant International New Zealand
Infratil's successful bid for a shareholding in Wellington International Airport
Infratil Update March 1998 396 KB
The impact of the pending electricity sector reforms
Infratil's partnership with Solid Energy, TrustPower's merger with Tauranga Electricity and Infratil's involvement in Pukeariki Holdings
Infratil Update March 1997 150 KB
Outlook for the electricity generation sector, some issues facing the port sector and an update of the merger between CentralPower and ElectroPower