Global Infrastruktur I AS

Transcription

1 Kundeseminar, Felix konferansesenter 8. oktober 2015

2 2007 Etableringsår Norske aksjonærer 2,8 mrd. NOK Markedsverdi av porteføljen 98 øre/aksje Totale utbetalinger 42 % Totalavkastning siden start 2,8 % Direkteavkastning YTD 2

3 Porteføljenyheter Q Peoples Natural Gas Company i SteelRiverporteføljen har økt betraktelig i verdi JPMorgan AIRRO har solgt Goldtrust Water VEK pr 15. september er opp med 7,8 % i GI I AS Grunnlag for ekstraordinær utbetaling i fjerde kvartal

4 Transaksjoner og diversifisering Kommiteringer 27% 3% 1% 2% Geografisk fordeling 31% 11% 12% 12% 29% 12% 21% 21% 18% MEIF3 JPM IIF SRIFNA JPM AIRRO BIIF US UK Europe Nordic Asia Australia Canada Other 4

5 En global diversifisert portefølje 6 Verdensdeler Canada Storbritannia Danmark 4 Forvaltere 5 Fond USA Puerto Rico Belgia Frankrike Spania Tyskland Tsjekkia Italia India Kina Thailand Sør-Korea Japan 28 Porteføljeselskaper Chile Sør-Afrika Australia 94 OPS 5

6 Struktur og portefølje (55,2 % / aksjonærer) Global Infrastruktur 1 AB (44,8 % / aksjonærer) Global Infrastruktur 2007 AS 5 Fondsinvesteringer 28 porteføljeselskaper + 94 OPS SteelRiver JPMorgan IIF JPMorgan AIRRO Macquarie BIIF Seaonus / Portus Companies Peoples Natural Gas Company Southern Water Services Ltd. Southwest Water Company SevenHills Healthcare Eco Management Korea København Lufthavn Brussel flyplass 94 OPS NGPL Trans Bay Cable North Queensland Airports Electricity North West Leap Green Energy Nandi Economic Corridor Ent. České Radiokomunikace Thyssengas Peoples TWP Patriot Rail Corp. Summit Utilities (& SMNG) Southwest Generation Soma Tollways Diliigent Power Coastal Winds Noatum Ports Zephyr Investments Ltd. Billy Bishop Toronto City Airport Corridor Wind Sonnedix Power Holdings 6

7 -8,0 % -7,0 % -0,7 % -1,2 % -0,6 % -0,5 % 0,0 % -0,6 % 0,0 % 1,0 % 7,2 % 5,0 % 1,7 % 2,0 % 3,2 % 0,7 % 0,8 % 1,9 % 2,5 % 2,8 % 0,7 % 0,9 % 1,9 % 2,2 % 1,8 % 2,8 % 1,1 % 1,0 % 3,5 % 8,6 % Avkastning 40% Total avkastning i lokal valuta på innbetalt kapital i investeringsporteføljen (TVPI) 30% 20% 10% 0% -10% -20% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q Cumulative value growth investments Quarterly change in value of investments 7

8 Hvordan har investeringer i infrastruktur utviklet seg i forhold til alternativene? Historisk avkastning i GI I AS målt mot diverse indekser 60% 40% 20% GI I AS OSEBX MSCI World (lokal valuta) ST1X ST5X 49% (5% ann.) 34% (4% ann.) 28% (3% ann.) 19% (2% ann.) 0% -20% -40% -60% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q oktober

9 Utbetalinger fra underliggende fond Distributions per year by fund (in NOK million) MEIF3 JPMorgan AIRRO BIIF JPMorgan IIF SteelRiver * * Tall pr 8. oktober

10 4Q 07 2Q 08 4Q 08 2Q 09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Verdijustert egenkapital pr aksje (VEK) NAV/ share Historisk VEK og utbetalinger (GI I AS) Ulike elementer i VEK (GI I AS) 14,0 13,0 12,0 11,0 0,20 0,30 0,28 1,19 1,27 9 % 10 % 4,90 2,83 38 % 0-0,40 0,98 0 % -3 % 8 % 12,96 13,94 10,0 9,0 0,10 0,10 2,90 22 % 0,28 2 % 22 % 8,0 Dividend adjusted NAV Dividends Official NAV 10

11 Infrastruktur og urbanisering 11

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