New Zealand-based infrastructure investment company Infratil has announced an adjustment to its EBITDAF guidance for FY 2027 ahead of its Investor Day. The adjustment comes as a result of global data center demand that has driven the firm’s portfolio growth over the last year.
The change follows a similar revision in one of Infratil’s portfolio companies, CDC Data Centres. Previously, EBITDAF guidance for FY 2027 at the data center operator was set at a range of AUD 680 – 720 million (US$ 484.72 – 513.24 million) but has now been updated to a range of AUD 710 – 750 million (US$ 506.10 – 534.63 million). As a result, Infratil’s guidance has been adjusted from a range of NZD 1.3 – 1.4 billion (US$ 748.12 – 805.67 million) to NZD 1.32 – 1.42 billion (US$ 759.63 – 817.18 million).
“CDC Data Centres in Australasia and Kao Data in the UK are both experiencing strong demand for computing capacity, while Longroad Energy in the United States is also benefitting from AI demand for power,” said Jason Boyes, Infratil Chief Executive Officer. “Our global portfolio provides multiple pathways to grow returns across the AI infrastructure value
chain. We’re pursuing attractive opportunities adjacent to our core energy and data centre investments, including leveraging our existing platforms across geographically diverse markets, as well as exploring new sectors for future growth.”
According to an announcement CDC has signed another 70 MW in contracts expected to be delivered across late FY 2027 and early FY 2028. The operator has 350 MW of deployed capacity and a total contracted capacity of 1.1 GW expected to generate AUD 2.2 billion (US$ 1.57 billion) when fully deployed.
Longroad Energy is showing strong growth in the US. The firm recently acquired a 2.8 GW project, lifting its development cadence to 2.5 GW a year between 2027 and 2029, bringing its total capacity to 14 GW. In addition, the firm is exploring the possibility of using its solar farm sites for data center co-location and has reportedly identified potential sites for a 10 GW deployment pipeline.
“CDC and Longroad combine qualities that are often difficult to find together. They are highly experienced developers with strong track records of securing approvals, building community support and delivering complex infrastructure projects at scale. At the same time, over half of their valuations are supported by contracted revenues, providing downside protection and earnings visibility,” said Boyes.
Infratil noted that One New Zealand plays an important role as a reliable cash flow contributor. The mobile network operator recently announced a proposal to share radio access network infrastructure with its competitor 2degrees. While the companies will continue to compete in services, the shared access will allow for more efficient deployment of mobile infrastructure. Infratil also highlighted that One New Zealand is well placed to capture growth from AI demand and future data centers in the country.