Half Year 2024 Channel Infrastructure NZ Ltd Earnings Call Transcript

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Aug 23, 2024

Aug 22, 2024 / 10:30PM GMT
Operator

I would now like to hand the conference over to Mr. Rob Buchanan, CEO. Please go ahead.

Rob Buchanan -

Good morning, everyone, and thank you for joining us as we run through our financial and operating results for the first six months of 2024. I'm joined here today by Alexa Preston, our Chief Financial Officer, and today I'll speak to the presentation we disclosed on the NZX this morning.

In the usual format, I'll cover off our company highlights and the operational update before Alexa covers the financials in more detail. I will then take you through our strategic highlights before we have some time for questions at the end.

Let's start with our financial highlights on Page 3. We've seen revenue increase 8% to [$69.8 million] and EBITDA increased 10% to $48.1 million on the first half of 2023, reflecting the growth opportunities we have delivered in our inflation-linked revenue model. This represents an impressive EBITDA margin of 69%.

Normalized free cash flow remains strong at $32.7 million. It is slightly down from the same period last

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