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Infratil Annual Report 2012

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Infratil Annual Report 2012 LLOYD MORRISON Lloyd Morrison, the founder of Infratil, died in February 2012. Some of his final thoughts and PROUD reflections are copied overleaf. Infratil Annual Report 2012 Annual Report INFRATIL ANNUAL REPORT 2012 LLOYD MORRISON Lloyd Morrison, the founder of Infratil, died in February 2012. Some of his final thoughts and PROUD reflections are copied overleaf. Infratil Annual Report 2012 Annual Report INFRATIL ANNUAL REPORT 2012 I like getting the most out of my life and part of that INFRATIL I like getting the most out of my life and part of that INFRATIL ANNUAL REPORT ANNUAL REPORT has been work related. I have got some skills and 2012 has been work related. I have got some skills and 2012 I’ve always felt that doing and growing things and I’ve always felt that doing and growing things and pushing yourself was a good thing to do personally. pushing yourself was a good thing to do personally. That if I could set up other ways of doing it and HIGHLIGHTS That DIRECTORYif I could set up other ways of doing it and HIGHLIGHTS DIRECTORY I could contribute and allow other people to I could contribute and allow other people to contribute in a way that was extraordinary then contribute in a way that was extraordinary then that was a privilege for me and I think I have that was a privilege for me and I think I have helped that a little bit. My work colleagues, I know helped that a little bit. My work colleagues, I know DIRECTORS CALENDAR DIRECTORS CALENDAR I have been a pain at times but that is something The Annual Report for the year ended 31 March 2012 outlines Infratil’s strategies, activities, and risks and is I have been a pain at times but that is something The Annual Report for the year ended 31 March 2012 outlines Infratil’s strategies, activities, and risks and is D A R Newman (Chairman) D A R Newman (Chairman) intended to help investors and analysts assess the Company’s performance and prospects. intendedFinal dividend to help paid investors and15 analystsJune 2012 assess the Company’s performance and prospects. Final dividend paid 15 June 2012 I am proud of as it is too easy to pass through life I am proudM Bogoievski of as it is too easy to pass through life M Bogoievski Annual meeting 13 August 2012 Annual meeting 13 August 2012 and exist and hope that at some stage in the future and existH R Land Morrison hope that at some stage in the future H R L Morrison you will get that chance to do better but it doesn’t Over the year key plans were delivered; earnings and investment targets were achieved; and the energy you will(passed get that away chance on 10 February to do better 2012) but it doesn’t OverInfratil the Update year publication key plans wereSeptember delivered; 2012 earnings and investment targets were achieved; and the energy (passed away on 10 February 2012) Infratil Update publication September 2012 work like that. I am only here today because it and transport sectors continued to be prospective for new investment work likeH J D that. Rolleston I am only here today because it andHalf transport year end sectors continued30 September to be prospective 2012 for new investment H J D Rolleston Half year end 30 September 2012 happened unexpectedly, not because I have done happenedD P Saville unexpectedly, not because I have done Interim report release 13 November 2012 D P Saville Interim report release 13 November 2012 1 and dividends increased by 10% and 18% respectively over the prior year M Tume 1 and dividends increased by 10% and 18% respectively over the prior year M Tume • EBITDAF • Infratil EBITDAF Update publication March 2013 Infratil Update publication March 2013 anything wrong and it is too late to change things anythingA Y wrongMuh (alternate and it to is D too P Saville) late to change things A Y Muh (alternate to D P Saville) so I am really proud of you guys at work, all of you. • $246 million was invested to support future earnings growth so I am really proud of you guys at work, all of you. • Financial $246 million year end was invested31 to March support 2013 future earnings growth Financial year end 31 March 2013 COMPANY SECRETARY COMPANY SECRETARY I am only proud if you are driving yourself, I am I am only proud if you are driving yourself, I am • Sector, project and financial risks were well managed Kevin Baker • UPDATES/INFORMATION Sector, project and financial risks were well managed Kevin Baker UPDATES/INFORMATION not proud of you for just turning up. My work life not proud of you for just turning up. My work life REGISTERED OFFICE - NEW ZEALAND REGISTERED OFFICE - NEW ZEALAND has been always set up to do something sustainable • Infratil’s strong pipeline of investment opportunities within its core businesses will support future has been always set up to do something sustainable • Infratil Infratil’s produces strong an Annual pipeline Report of investmentand Interim Report opportunities each within its core businesses will support future Infratil produces an Annual Report and Interim Report each earnings and capital growth 5 Market Lane year.earnings It also produces and capital two Updates growth on matters of relevance to 5 Market Lane year. It also produces two Updates on matters of relevance to and extraordinary for everybody involved and that and extraordinaryPO Box 320, Wellington for everybody involved and that the Company. Last year these were: PO Box 320, Wellington the Company. Last year these were: is what I ask of all of you going forward that you • Over the last year Infratil issued five and six year bonds to refinance maturities and retained is whatTelephone: I ask of 04all 473 of you3663 going forward that you • April Over 2012: the A lastreview year of the Infratil current issued position fiveof Infratil, and thesix year bonds to refinance maturities and retained Telephone: 04 473 3663 April 2012: A review of the current position of Infratil, the push yourselves, that you focus on getting the most substantial unutilised bank facilities push yourselves,Internet address: that www.infratil.com you focus on getting the most upcomingsubstantial regulatory unutilised regime facingbank NZ facilities Bus, a comparison of Internet address: www.infratil.com upcoming regulatory regime facing NZ Bus, a comparison of out of your lives by giving to other people, that out of REGISTEREDyour lives by giving OFFICE to other - AUSTRALIA people, that household electricity prices between Victoria, Australia and REGISTERED OFFICE - AUSTRALIA household electricity prices between Victoria, Australia and you are intolerant of doing things half baked, you you areC/- intolerant H.R.L. Morrison of doing & Co Privatethings Markets half baked, you New Zealand and a discussion on New Zealand greenhouse gas C/- H.R.L. Morrison & Co Private Markets New Zealand and a discussion on New Zealand greenhouse gas Suite 40C, Level 40, Governor Phillip Tower emission reduction policies. Suite 40C, Level 40, Governor Phillip Tower emission reduction policies. are intolerant of inefficiency and laziness and self are intolerant of inefficiency and laziness and self 1 Farrer Place September 2011: A discussion on the relative merits of private 1 Farrer Place September 2011: A discussion on the relative merits of private Sydney, NSW 2000 Sydney, NSW 2000 congratulations and complacency as that is unfair congratulations and complacency as that is unfair and public ownership with direct reference to Wellington and public ownership with direct reference to Wellington on other people, to waste in that way. Our lives on otherTelephone: people, +61 to 2waste 8098 7500in that way. Our lives International Airport. Telephone: +61 2 8098 7500 International Airport. are only better off when everyone is better off. The are onlyMANAGER better off when everyone is better off. The In addition, Infratil produces a monthly report on the operations MANAGER In addition, Infratil produces a monthly report on the operations real success to happiness is being a giver and if you real successMorrison to &happiness Co Infrastructure is being Management a giver and if you of its subsidiaries. This is only available on www.Infratil.com Morrison & Co Infrastructure Management of its subsidiaries. This is only available on www.Infratil.com 5 Market Lane All Infratil’s reports and releases are on the website, which also 5 Market Lane All Infratil’s reports and releases are on the website, which also can let other people live less successful lives without can letPO other Box 1395,people Wellington live less successful lives without PO Box 1395, Wellington contains profiles of Infratil’s businesses and links. contains profiles of Infratil’s businesses and links. having some conscience about what you can do havingTelephone: some conscience 04 473 2399 about what you can do Telephone: 04 473 2399 Facsimile: 04 473 2388 Facsimile: 04 473 2388 about it then that is not good enough. So there is a about it then that is not good enough. So there is a Infratil on Facebook. Infratil on Facebook. Internet address: www.hrlmorrison.com Internet address: www.hrlmorrison.com need in all of us to push ourselves harder and make need in all of us to push ourselves harder and make CORPORATE AWARDS CORPORATE AWARDS things right and when you feel that you have done things SHAREright and REGISTRAR when you feel that you have done SHARE REGISTRAR Link Market Services Wellington Chamber of Commerce Achievement Award for Link Market Services Wellington Chamber of Commerce Achievement Award for some of that you can feel good and I am unashamed some of138 that Tancred you Street can feel good and I am unashamed 138 Tancred Street contribution to the development of Wellington.
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