infrastructure investors survey 2013 infographic
TRANSCRIPT
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%
8%
8%
20%
29%
35%REGULATORY
POLITICALTAX
REFINANCING BUSINESS/OPERATIONAL RISK EXTERNAL RISKS
0
2
4
6
8
10
12
14
16
Aver
age
targ
et IR
R
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.
0
Aver
age
num
ber o
f ass
ets
that
inve
stor
s ar
e co
nsid
erin
g ex
iting
1.0
1.5
2.0
2.5
3.0
0.52-3Years
NextYear
5-7Years