REG - GCP Infra Inv Ltd - Investor Report at 30 September 2024

GCP Infrastructure InvestmentsAnnouncement

13/11/2024 07:00

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RNS Number : 9071L  GCP Infrastructure Investments Ltd  13 November 2024

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

 

Quarterly investor update

 

13 November 2024

 

GCP Infra is pleased to announce the publication of its investor report, which
is available at www.gcpinfra.com (http://www.gcpinfra.com) .

 

At 30 September 2024:

 

·    The net asset value was, as previously announced, 105.22 pence per
ordinary share;

·    The Company was exposed to a diversified and partially inflation
protected portfolio of 50

      investments with an unaudited valuation of £1.0 billion; and

·    The portfolio had a weight-adjusted average annualised yield of 7.8%,
principal outstanding of £1.0 billion and an average life of 11 years.

 

In December 2023, the Company announced its intention to recycle £150 million
of assets as part of a capital allocation programme (the "Programme"). To
date, the Company has announced c. £31 million of realisations. The proceeds
of the Programme are intended to: (i) repay the Company's borrowings; and (ii)
return a minimum of £50 million to shareholders.

 

The Company is in active due diligence and negotiations on disposals of
material components of its investment portfolio and does not wish to risk such
processes through publication of further detail on the constituent movements
in the NAV since 30 June 2024. Further attribution of the NAV movements will
be published as part of the Company's forthcoming annual report and accounts,
due to be published in December.

 

During the quarter there was a net repayment of the Company's revolving credit
facility, and at 30 September 2024, the Company had £57 million (30 June
2024: £65 million) outstanding, representing a net debt position of c. £45
million (30 June 2024: c. £51 million).

 

 

For further information, please contact:

 

 Gravis Capital Management Limited        +44 (0)20 3405 8500

 Philip Kent

 Max Gilbert

 Cameron Gardner

 RBC Capital Markets                      +44 (0)20 7653 4000

 Matthew Coakes

 Elizabeth Evans

 Stifel Nicolaus Europe Limited           +44 (0)20 7710 7600

 Edward Gibson-Watt

 Jonathan Wilkes-Green

 Burson Buchanan                          +44 (0)20 7466 5000

 Helen Tarbet

 Henry Wilson

 Samuel Adams

 

Notes to the Editor

 

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent, its
shares are traded on the main market of the London Stock Exchange. The
Company's objective is to provide shareholders with regular, sustained,
long-term distributions and to preserve capital over the long term by
generating exposure to UK infrastructure debt and related and/or similar
assets.

 

The Company primarily targets investments in infrastructure projects with long
term, public sector-backed, availability-based revenues. Where possible,
investments are structured to benefit from partial inflation protection. GCP
Infra is advised by Gravis Capital Management Limited.

 

GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark
in recognition of its contribution to positive environmental outcomes.

 

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