Octopus Renewables Infrastructure Trust PLC (CHIX:ORITl)
£ 0.73 (0%) Market Cap: 391.93 Mil Enterprise Value: 380.07 Mil PE Ratio: 34.52 PB Ratio: 0.71 GF Score: 42/100
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Full Year 2024 Octopus Renewables Infrastructure Trust PLC Earnings Call Transcript

Mar 27, 2025 / 11:00 AM GMT
Release Date Price: £0.729

Key Points

Positve
  • Octopus Renewables Infrastructure Trust PLC (LSE:ORIT) delivered a positive NAV total return of around 2.5% for the calendar year 2024.
  • The company paid an on-target fully covered dividend of 6.02p per share, marking the third consecutive year of dividend increase in line with inflation.
  • A successful share buyback program was implemented, initially set at 10 million pounds and later increased to 30 million pounds, contributing to NAV per share accretion.
  • The acquisition of the Ballymacarni solar complex and the Harliton project expanded their portfolio, adding significant megawatt capacity.
  • The company achieved a 7% increase in generation from its portfolio, with new projects receiving higher electricity prices and reduced operating costs, leading to increased EBITDA margins.
Negative
  • Despite a positive NAV return, the net asset value declined due to capital returned to shareholders and running costs.
  • The company faces challenges in reducing leverage, with a goal to bring it below 40% of gross asset value.
  • There is uncertainty in the market due to policy and government rhetoric that sometimes suggests a move away from renewables.
  • The company is reliant on capital recycling, with significant asset sales required to maintain financial health.
  • The UK market is undergoing changes in grid access reform, which could impact project timelines and costs.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ORIT.L - Octopus Renewables Infrastructure Trust PLC
Full Year 2024 Octopus Renewables Infrastructure Trust PLC Earnings Call
Mar 27, 2025 / 11:00AM GMT

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Presentation
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Octopus Renewables Infrastructure Trust is a company that we IPOed back in December 2019, on the back of a mandate, to build a diversified portfolio of renewable energy assets across the UK, Europe, and Australia. We've spent the past five years building that portfolio. We now have around about 41 assets and spanning 803 megawatts of generating capacity across 5 key markets.

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Unidentified_2 [2]
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So during calendar year 2024, we delivered a positive NAV total return of around 2.5%. And that was mostly
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