Antin Infrastructure Partners (ANTIN) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a welcome to shareholders, directors, and auditors, confirming legal formalities and a quorum at 95.6% of voting rights.

• The agenda included business updates, sustainability, financial performance, governance, compensation, auditor reports, Q&A, and voting on resolutions.

Financial performance review

• Record fundraising for Flagship Fund V at EUR 10.2 billion, the largest infrastructure fund closed in 2024.

• Revenue reached EUR 318.4 million (+12.6% YoY), underlying EBITDA at EUR 186.9 million, and a 93% payout ratio.

• Fee-paying AUM rose to EUR 21.6 billion, up 7.3% year-on-year; total AUM at EUR 33.3 billion.

• Portfolio companies saw 12% revenue and 20% EBITDA growth; EUR 8 billion of debt raised or refinanced in 2024.

• Strong cash position of EUR 390 million, no debt, and a capital-light business model supporting high dividend payouts.

Board and executive committee updates

• CFO Patrice Schuetz announced his departure for personal career reasons, with no negative reflection on the company.

• Board composed of 50% independent directors and 50% gender diversity; average age 62.5 years, five nationalities.

• Directors possess expertise in management, investment, infrastructure, M&A, finance, legal, and CSR.

• Board committees (audit, nominations, remuneration, sustainability) are fully or majority independent, reflecting strong governance.

• Terms of office for several directors subject to renewal at the 2025 AGM.