Infratil (IFT) Investor presentation summary

Strategic growth and market presence

• Over 8GW pipeline spans seven Asian markets, with teams in Singapore, Japan, South Korea, Philippines, Indonesia, Malaysia, and Thailand.

• Capital allocation is balanced between OECD and non-OECD investment-grade countries, with 51% in OECD and 49% in emerging markets.

• Headcount has grown from 37 to 96 over four years, reflecting rapid expansion.

• Committed capital stands at $400M, with $78M invested to date and $1.9B in equity investment at commercial operations.

Market opportunities and regulatory momentum

• Asian renewables market forecasted to exceed 250GW by 2030, driven by ambitious national net zero targets.

• Recent regulatory developments include increased renewable targets, new auctions, and supportive policies across all core markets.

• Cross-border projects, such as Vanda RE, benefit from government support and regulatory clarity.

Project pipeline and execution

• Key milestones include a 75MW solar plant operational in the Philippines, 240MW/1GWh BESS in Japan ready-to-build by Q4 2025, and over 90% land secured for Vanda RE.

• Vanda RE is a 2.2GW solar and 5GWh BESS project in Indonesia supplying Singapore, with phased completion from 2028 to 2030.

• South Korea portfolio expanded by 303MW, with strong offtake agreements and grid connection progress.