Antin Infrastructure Partners (ANTIN) AGM 2024 summary

Opening remarks and agenda

• AGM held on 13 June 2024, with thanks to administrators and auditors; legal formalities and quorum confirmed.

• Agenda included 2023 review, future perspectives, climate strategy, financial performance, governance, compensation, auditor reports, Q&A, and voting.

Financial performance review

• Assets under management reached EUR 41 billion, with EUR 20 billion generating commissions.

• EBITDA grew 48% and net income increased by 60% over 2022; revenues up 32% driven by management fees.

• Revenue rose 32.1% to EUR 282.9 million, EBITDA margin expanded to 62%, and net income margin surpassed 45%.

• Profitability improved significantly, with underlying net income up 60.6% and EPS after dilution at EUR 0.73.

• Operating costs increased mainly due to headcount growth and inflation, with personnel expenses up 15.1%.

Board and executive committee updates

• Four employees promoted to managing partner, marking a first for the group.

• ExCom expanded to include Stéphane Ifker, Angelika Schöchlin, and Kevin Genieser, reflecting global sector leadership.

• Board composition: 50% independent directors, 50% women, five nationalities, and diverse sector experience.

• Committees (Audit, Nomination & Compensation, Sustainability) maintain high independence and expertise.