Antin Infrastructure Partners (ANTIN) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with a welcome to shareholders, directors, and auditors, and confirmation of legal formalities and quorum at 95.6% of voting rights.

• The agenda included reviews of 2024 activities, sustainability progress, financial performance, governance updates, auditor reports, Q&A, and voting on resolutions.

Financial performance review

• Fund V closed at EUR 10.2 billion, the largest infrastructure fund globally in 2024, with EUR 1.1 billion raised during the year.

• Revenue rose to EUR 318.4 million (+12.6% YoY), and underlying EBITDA grew to EUR 186.9 million (+6.5% YoY), with a 93% payout ratio.

• Fee-paying AUM reached EUR 21.6 billion, up 7.3% year-on-year; total AUM at EUR 33.3 billion.

• Portfolio companies saw 12% revenue and 20% EBITDA growth in 2024; 152 acquisitions completed, mainly by Hippocrates.

• Strong cash position of EUR 390 million, no debt, and continued investment in funds and strategic growth.

Board and executive committee updates

• CFO Patrice Schuetz announced his departure, citing personal career reasons, with no negative reflection on the company.

• Board composed of six members, three independent, with balanced gender, age, and international representation; 50% gender diversity and five nationalities.

• Directors possess expertise in management, investment, infrastructure, M&A, finance, legal, and CSR.

• Renewal of mandates for independent directors Lynne Shamwana and Dagmar Valcarcel proposed for three years; several directors' terms subject to renewal at the 2025 AGM.