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Results for the year to 31 March 2019

3i Infrastructure (the ‘Company’) today announces a strong 15.4% return for the year and a 6.4% increase in the target dividend for FY20 to 9.20 pence per share.

Richard Laing, Chair of 3i Infrastructure plc, said: “The Company continued to outperform. We are confident in our portfolio and in our ability to deliver on our strategy and objectives.”

Phil White, Managing Partner, Infrastructure, 3i Investments plc, said: “It has been another strong year for the Company. The portfolio is performing well, we made another excellent realisation and we have continued to make attractive new investments in a very competitive market.”

Performance highlights

Strong portfolio performance
drove growth in net asset value (‘NAV’)

15.4%
Total return on opening NAV

£258m 
Total return for the year

234.7p 
NAV per share

 

Realised investment in XLT

£333m 
Net realisation proceeds in the year

Success in new investment across our target markets

£377m
New investments or commitments in the year

Delivered the dividend target for FY19

6.4% increase in the dividend target for FY20

8.65p 
Full year dividend per share for FY19

9.20p 
Target dividend per share for FY20

-END-

Download the results highlights  

Download the full results  

For further information, please contact:

Richard Laing, Chair, 3i Infrastructure plc

Tel: 037 1664 0445

Thomas Fodor, investor enquiries

Tel: 020 7975 3469

Kathryn van der Kroft, press enquiries

Tel: 020 7975 3021

For further information regarding the announcement of results for 3i Infrastructure plc please see
www.3i-infrastructure.com. The analyst presentation will be made available on this website during the day.

 

Notes to the preliminary announcement

Note 1
The statutory accounts for the year to 31 March 2019 have not yet been delivered to the Jersey Financial Services Commission. The statutory accounts for the year to 31 March 2018 have been delivered to the Jersey Financial Services Commission. The auditor’s reports on the statutory accounts for these years are unqualified. This announcement does not constitute statutory accounts. The preliminary announcement is prepared on the same basis as set out in the statutory accounts for the year to 31 March 2018.

Note 2
Subject to shareholder approval, the proposed final dividend is expected to be paid on 8 July 2019 to holders of ordinary shares on the register on 14 June 2019. The ex-dividend date for the final dividend will be on 13 June 2019.

Note 3
The preliminary announcement has been extracted from the annual report and accounts 2019. The annual report and accounts 2019 will be available on the Company’s website today. Printed copies of the annual report and accounts 2019 will be distributed to shareholders who have elected to receive printed copy communications on or soon after 24 May 2019.

Note 4
This announcement may contain certain statements about the future outlook for 3i Infrastructure plc. Although we believe our expectations are based on reasonable assumptions, any statements about the future outlook may be influenced by factors that could cause actual outcomes and results to be materially different.

Notes to editors

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. It is a long-term investor in infrastructure businesses and assets. Its market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

The Company is managed by 3i Investments plc (the ‘Investment Manager’), a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority.

This statement has been prepared solely to provide information to shareholders. It should not be relied on by any other party or for any other purpose. It and the Company’s annual report and accounts for the year to 31 March 2019 may contain statements about the future, including certain statements about the future outlook for 3i Infrastructure plc. These are not guarantees of future performance and will not be updated. Although we believe the expectations are based on reasonable assumptions, any statements about the future outlook may be influenced by factors that could cause actual outcomes and results to be materially different.

This press release is not for distribution (directly or indirectly) in or to the United States, Canada, Australia or Japan and is not an offer of securities for sale in or into the United States, Canada, Australia or Japan. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the ‘Securities Act’), or an exemption from registration under the Securities Act. Any public offering to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and will contain detailed information about 3i Group plc, 3i Infrastructure plc, 3i India Infrastructure Fund and management, as applicable, as well as financial statements. No public offering in the United States is currently contemplated.

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