infrastructure investors survey 2013 infographic

DELOITTE INFRASTRUCTURE INVESTORS SURVEY 2013 WHERE NEXT ON THE ROAD AHEAD? STRONGER & WISER ASSET PERFORMANCE The third edition in this series provides an incisive and comprehensive analysis of the infrastructure investors sector today, and predictions going forward. The only study of its kind explores the major trends and drivers across performance, the changing landscape and how funds are responding in this increasingly competitive marketplace. Which sub-classes are expected to deliver the highest returns? GREATER FOCUS ON ASSET MANAGEMENT THE RISE OF DIRECT INVESTORS Contrary to expectations, direct investors have ﬁrmly established themselves in the market over the last two years. OF INVESTORS’ PORTFOLIOS ARE NOW ACHIEVING OR EXCEEDING TARGET IRRS 7 % RESILIENT THROUGH THE ECONOMIC DOWNTURN WHO DO LARGE FUNDS NOW SEE AS THEIR PRINCIPAL COMPETITION? WHAT IS KEEPING INVESTORS AWAKE AT NIGHT? OTHER INFRASTRUCTURE FUNDS DIRECT INVESTORS TRADE BUYERS 31% 44% 25% OF INVESTORS HAVE RECRUITED DEDICATED ASSET MANAGEMENT TEAMS, WHICH ON AVERAGE NOW COMPRISE JUST OVER A THIRD OF THEIR TOTAL WORKFORCE THIS STRONG PERFORMANCE REFLECTS AN INCREASING FOCUS ON ASSET MANAGEMENT TO DELIVER RETURNS 41% 8% 8% 20% 29% 35% REGULATORY POLITICAL TAX REFINANCING BUSINESS/OPERATIONAL RISK EXTERNAL RISKS 0 2 4 6 8 10 12 14 16 Average target IRR Other transport Waste Water Other regulated utilities Renewables Ports Airports Rail/metro Telecoms Infrastructure services PPP/PFI Roads EXITS AHEAD For more insight and analysis on the state of the infrastructure investors sector, download the full report. www.deloitte.co.uk/infrastructureinvestors Investment realisations have been scarce in recent years, but the number of assets that funds will be exiting is set to pick up signiﬁcantly in the short to medium term. CONCENTRATING INVESTMENT ON CORE MARKETS Over the next two years, the focus for the majority of investors will largely be on core infrastructure assets in these ‘safe haven’ geographies, in particular Western Europe. There is also an increasing appetite to invest outside of Europe, with the exception of India and China, which have become less attractive as their economies have slowed. 0 Average number of assets that investors are considering exiting 1.0 1.5 2.0 2.5 3.0 0.5 2-3 Years Next Year 5-7 Years

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Page 1: Infrastructure Investors Survey 2013 Infographic

DELOITTE INFRASTRUCTURE INVESTORS SURVEY 2013WHERE NEXT ON THE ROAD AHEAD?

STRONGER & WISER

ASSET PERFORMANCE

The third edition in this series provides an incisive and comprehensive analysis of the infrastructure investors sector today, and predictions going forward. The only study of its kind explores the major trends and drivers across performance, the changing landscape and how funds are responding in this increasingly competitive marketplace.

Which sub-classes are expected to deliver the highest returns?

GREATER FOCUS ON ASSET MANAGEMENT

THE RISE OF DIRECT INVESTORS

Contrary to expectations, direct investors have firmly established themselves in the market over the last two years.

OF INVESTORS’ PORTFOLIOS ARE NOW ACHIEVING OR EXCEEDING TARGET IRRS

7 %RESILIENT

THROUGH THEECONOMIC

DOWNTURN

WHO DO LARGE FUNDS NOW SEE AS THEIR PRINCIPAL COMPETITION?

WHAT IS KEEPING INVESTORS AWAKE AT NIGHT?

OTHER INFRASTRUCTURE FUNDSDIRECT INVESTORS TRADE BUYERS

31%44% 25%

OF INVESTORS HAVE RECRUITED DEDICATED ASSET MANAGEMENTTEAMS, WHICH ON AVERAGE NOW COMPRISE JUST OVER A THIRDOF THEIR TOTAL WORKFORCE

THIS STRONG PERFORMANCE REFLECTS AN INCREASINGFOCUS ON ASSET MANAGEMENT TO DELIVER RETURNS

41%

20%

29%

35%REGULATORY

POLITICALTAX

REFINANCING BUSINESS/OPERATIONAL RISK EXTERNAL RISKS

Aver

age

targ

et IR

Othertransport

Waste Water Other regulated

utilities

RenewablesPortsAirports Rail/metroTelecomsInfrastructureservices

PPP/PFIRoads

EXITS AHEAD

For more insight and analysis on the state of the infrastructure investors sector, download the full report.

www.deloitte.co.uk/infrastructureinvestors

Investment realisations have been scarce in recent years, but the number of assets that funds will be exiting is set to pick up significantly in the short to medium term.

CONCENTRATING INVESTMENT ON CORE MARKETS

Over the next two years, the focus for the majority of investors will largely be on core infrastructure assets in these ‘safe haven’ geographies, in particular Western Europe.

There is also an increasing appetite to invest outside of Europe, with the exception of India and China, which have become less attractive as their economies have slowed.

Aver

age

num

ber o

f ass

ets

that

inve

stor

s ar

e co

nsid