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12 November 2021 Interim results for the period ended 30 September 2021 Infratil Infratil performs strongly with half year profit buoyed by Tilt sale Infratil Limited today announced a Net Parent Surplus from Continuing Operations of $ 1.086 billion , for the six months ended 30 September 2021 , which is the largest net surplus that Infratil has recorded in its 27 - year history . Infratil chief executive Jason Boyes said the financial performance was buoyed by the sale of Tilt Renewables , which contributed a $ 1.015 billion gain , while the overall result showed the business performing strongly and demonstrating resilience despite the ongoing challenges posed by the Covid pandemic . Proportionate EBITDAF was $ 253.6 million , a 28.2 % rise on the $ 197.9 million for the same period the previous year - reflecting good performances across Infratil's investments . Proportionate EBITDAF for the year to 31 March 2022 is forecast to be between $ 500 million and $ 530 million ( previous guidance was $ 505 million to $ 550 million ) , with the narrower range primarily reflecting the addition of Gurin Energy and Kao Data to the Group , together with the estimated full year impact of Covid - 19 on Wellington Airport and Infratil's Diagnostic Imaging businesses . " It is pleasing to see the positive results and outlook from assets across the portfolio , despite all the challenges which have impacted businesses over the past six months . " In terms of our returns to shareholders , we will pay an interim dividend of 6.5 cents per share , a 4 % increase from the comparative period . The dividend will also be fully imputed . Infratil's share price also rose from $ 7.13 to $ 7.96 over the period , with an after - tax return to shareholders over the last five years of 26.0 % and 19.0 % over the full 27.5 years since Infratil listed . " Mr Boyes said Infratil's profit for the period and financial circumstances could have allowed a special dividend , but as noted in the 31 March 2021 annual report , we do not view special dividends as the best use of funds . We do however anticipate dividends increasing further in line with cash earnings from CDC Data Centres , Vodafone and our Diagnostic Imaging businesses . " This approach provides our shareholders with a solid and sustainably rising dividend and enables us to continue to prudently and productively deploy the capital in ideas that matter . " Over the six months , we deployed $ 833.8 million across digital infrastructure , global renewables , and social infrastructure , including our $ 313.6 million investment in Pacific Radiology . Along with our investment last year in Qscan and our more recent purchase of a stake in Auckland Radiology Group , we expect to generate meaningful synergies and reinvestment opportunities from our health businesses in the coming years . " In September we announced the establishment of Singapore - based Gurin Energy to develop renewable generation in Asia with a commitment of US $ 233 million . This means we are now active in renewables in Australasia , North America , Europe , and Asia . All told the Infratil group has built 3,530MW of solar , wind , and hydro generation capacity and we expect to more than double that over the next decade . " CDC Data Centres is significantly expanding its capacity with over A $ 1 billion of investment across four sites , including two new facilities in Auckland . When we acquired 48 % of CDC Data Centres in 2017 for $ 411.5 million the company had 39MW of capacity and earnings of $ 50.4 million . The most recent independent valuation of CDC Data Centres at 30 June 2021 valued Infratil's investment in the range of A $ 2.3-2.5 billion . Post this half- year period , we announced the purchase of 40 % of London data centre business Kao Data . We see significant growth potential for this sector . Infratil Limited 5 Market Lane , PO Box 320 , Wellington , New Zealand Tel + 64-4-473 3663 www.infratil.com