Against this background, I believe 8 Aug 2015 01:46
Against this background, I believe that
the delivery record of the Infinis team
is impressive. Our key measure of
profit, EBITDA before operational
exceptional items1, at £142.8 million,
demonstrates the resilience of our
business model. We have made
good progress on our growth plans
with the A’Chruach wind farm
construction now well underway
and the Galawhistle project expected
to achieve financial close shortly.
We now have around 109 MW of
new wind capacity in construction
and pre-construction and we are
exploring and developing a number
of different options for the remaining
commitment to build 130 to 150 MW
made at the time of the IPO.
We have also delivered on the
dividend commitment we made back
in November 2013. We are pleased to
declare a final dividend of 12.2 pence
per share which brings the total
dividend for the full financial year to
18.3 pence per share.
The Board and management team
have met regularly during the year
and we have taken the opportunity to
hold our meetings at various Infinis
locations. The highlight was meeting
at the Centre of Excellence in
Lancaster where our expert engineers
overhaul our LFG engine fleet. The
Board and management team, as I
wrote last year, is a good mix of
experience of industry and
backgrounds. This, I believe, is serving
shareholders’ interests well. Sadly,
Sam Calder, our Company Secretary
passed away in December last year
and her valuable input to Infinis and
the Board will be greatly missed.
I believe that this track record of
delivering in a challenging environment
demonstrates both the resilience of
the Infinis business model and the
commitment of the whole Infinis team,
two features that will serve
shareholders well in the years ahead.
Ian Marchant
Chairman
Infinis Energy plc