REG - GCP Infra Inv Ltd - Investor Report at 31 December 2024

GCP Infrastructure InvestmentsAnnouncement

18/02/2025 07:15

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RNS Number : 3980X  GCP Infrastructure Investments Ltd  18 February 2025

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

 

Quarterly investor update

 

18 February 2025

 

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

 

At 31 December 2024:

 

·  The net asset value was, as previously announced, 105.18 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 7.9%,
principal outstanding

    of £1.0 billion and an average life of 10 years.

 

Capital allocation

The Board of Directors of the Company reconfirmed its commitment to the
Capital Allocation Policy in its 2024 Annual Report and financial statements,
continuing to prioritise a material reduction in leverage, as well as reducing
equity-like exposures and exposures in certain sectors, whilst also
facilitating the return of £50 million of capital to shareholders.

 

During the quarter the Company completed the disposal of a portfolio of
rooftop solar assets installed on domestic properties in the UK at the
prevailing valuation, generating proceeds of £6.8 million. On 30 January
2025, the Company also announced it had disposed of its interest in two
operational onshore wind farms, generating day one cash proceeds of c. £16.5
million, with a further c. £1.3 million of deferred proceeds, and c. £1.0
million of tax benefits released.

 

Annual results

On 12 December 2024, the Company published its audited annual results for the
year ended 30 September 2024. The full annual report and financial statements
can be accessed via the Company's website: www.gcpinfra.co.uk
(http://www.gcpinfra.co.uk) .

 

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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