Utilities Trust of Australia
Profile
Overview
Utilities Trust of Australia (UTA/the Fund) is an unlisted unit trust seeking to consistently provide investors with benchmark-plus returns by taking influential positions in global infrastructure projects.
UTA's objective is to provide investors with a total return exceeding the benchmark return of the 10 Year Australian Government Bond Rate plus 4 percent.
The Fund provides investors with access to a portfolio of infrastructure assets across Australia, the United Kingdom, Europe and the United States.
Assets
Airports
| UTA interest in Perth Airport: | 47.5 percent |
| Return since inception to UTA (p.a.) | 17.8 percent |
| UTA interest in APAC: | 6.2 percent |
| Return since inception to UTA (p.a.) | 25.7 percent |
| HOCHTIEF AirPort Capital (HTAC) (Athens, Greece; Dusseldorf and Hamburg, Germany; Sydney, Australia) | |
| UTA indirect interest in Athens Airport: | 1.3 percent |
| UTA indirect interest in Dusseldorf Airport: | 1.0 percent |
| UTA indirect interest in Hamburg Airport: | 1.4 percent |
| UTA indirect interest in Sydney Airport: | 0.7 percent |
| HTAC return since inception to UTA (p.a.) | 11.2 percent |
Utilities
| UTA interest in South East Water - voting | 50.0 percent* |
| Return since inception to UTA (p.a.) | 9.4 percent |
*the remaining 50 percent is owned by another Hastings managed fund - Hastings Diversified Utilities Fund.
| Southwest Generation operates seven power generation facilities in the US. This is UTA's first brownfield investment in the US and its first in the US power generation market. It is an exciting acquisition for the Fund as it provides a significant power generation platform with multiple expansion and related development opportunities. |
| UTA indirect interest in equity (through HUT): | 10.0 percent |
| Return since inception to UTA (p.a.) | 14.8 percent |
| Envirogen owns and operates four waste coal mine methane power stations. Envirogen is expected to abate a significant amount of fugitive coal mine emissions comparable to 1.4 million tonnes of carbon dioxide, which is the equivalent of removing approximately 315,000 cars from Australian roads. |
Tollroads
| UTA interest in Interlink Roads: | 19.2 percent |
| Return since inception to UTA (p.a.) | 20.7 percent |
| State Highway 130 Segments 5&6 (SH130 5&6) is a new 40-mile toll road in central Texas. SH130 5&6 is progressing on time and on budget. Construction is expected to be complete by the end of 2012. |
| UTA interest in Statewide Roads - ordinary shares: | 10.3 percent |
| Return since inception to UTA (p.a.) | 12.6 percent |
Seaports / Other Assets
| UTA interest through Port of Portland Holdings: | 50.0 percent |
| Return since inception to UTA (p.a.) | 16.8 percent |
| Return to UTA for the financial year 2007 /2008 | 10.9 percent |
| Return since inception to UTA (p.a.) | n/a |
| UTA interest in Metro Transport Sydney: | 38.9 percent |
| Return since inception to UTA (p.a.) | (20.6) percent |
All figures to 30 June 2009.
Investor Support