Investor Presentaiton
Ownership and governance arrangements
Governance
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Ausgrid has been majority owned by Australian Super and IFM Investors (together 50.4%) since 2016
The NSW Government holds the remaining 49.6% through a specially created entity and indirect subsidiaries which are independent from Government
Australian Super and IFM Investors have a right of first offer in relation to any further sell down by the NSW Government
Statutory independence, with state partner entities not subject to control or direction from the NSW Government
In general, Board decisions can be made by ordinary majority (and Australian Super / IFM Investors appointed directors comprise an ordinary majority)
Matters requiring unanimous decision are limited to matters such as constitutional amendments and dissolution/disposal of the business
The NSW Government cannot divest its holding without enacting further enabling legislation
AustralianSuper
25.2% ownership
>$180 billion AUM
Managed on behalf of more than 2.3 million members
Australia's largest industry superannuation fund
Large-scale, long-term infrastructure investor - approved mandate to
invest in meaningful core infrastructure assets
Over $18 billion of infrastructure investments
Experienced infrastructure investor with assets including:
Utilities (Anglian Water in the UK)
Ports (Port of Brisbane, NSW Ports, Mersin International Port in
Eastern Mediterranean, GCT Global Container Terminals in Canada)
Roads (Transurban Queensland, Westconnex, Indiana Toll Road in
the US, M6 Toll in Europe, Aleatica in Europe and Latin America)
ifm
investors
25.2% ownership
>$168 billion AUM
Across infrastructure, listed equities, private capital and debt
One of the world's largest owners and managers of nationally critical
infrastructure assets
Manages over $68 billion of direct infrastructure investments globally
Proven track record of transitioning infrastructure assets from government to
private ownership
Experienced infrastructure investor with assets including:
Utilities (Wyuna Water, Colonial Pipeline in the US, Arqiva Limited in
the UK, Anglian Water in the UK)
Airports (Melbourne Airport, Brisbane Airport, Perth Airport, Adelaide
Airport, NT Airports)
Ports (Port of Brisbane, NSW Ports)
Better
Ausgrid Together
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