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.
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.
For further information, please
contact:
|
Gravis Capital Management Limited
Philip Kent
Max Gilbert
Cameron Gardner
|
+44 (0)20
3405 8500
|
|
RBC Capital Markets
Matthew Coakes
Elizabeth Evans
|
+44 (0)20
7653 4000
|
|
|
|
|
Stifel Nicolaus Europe Limited
Edward Gibson-Watt
Jonathan Wilkes-Green
|
+44 (0)20
7710 7600
|
|
Burson
Buchanan
Helen Tarbet
Henry Wilson
Samuel Adams
|
+44 (0)20
7466 5000
|
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.
