3i 2016 final results

DividendMax Ltd.

3i 2016 final results


Total return of £824m / 22% (FY2015: £659m / 20%) and NAV per share of 463 pence (FY2015: 396 pence)

Private Equity gross investment return of £1,011m, or 32%, underpinned by a strong performance from a number of our key investments such as Action, Scandlines, Basic-Fit and ATESTEO (formerly GIF)

Momentum in Private Equity realisations continues with proceeds of £743m and a further c.£224m announced in April 2016. Maintained a disciplined approach to investment and invested £365m in three new portfolio companies; Audley Travel, Weener Plastic and Euro-Diesel

Good progress in Infrastructure with a 13% total shareholder return from 3i Infrastructure plc ("3iN") and a significant increase in origination activity. 3i will support 3iN's fundraising to maintain its 34% investment in 3iN

Debt Management delivered a solid performance, raising £1.5bn of AUM from 4 CLOs and launching the Global Income Fund

Robust balance sheet with net cash of £165m and nil gearing at 31 March 2016

Proposed final dividend of 16.0 pence per share, bringing the total dividend for FY2016 to 22.0 pence per share, subject to shareholder approval

Simon Borrows, 3i's Chief Executive, commented:

"These strong FY2016 results demonstrate 3i's continued momentum in the face of challenging macro-economic conditions. We enter FY2017 firmly focused on delivering our clear and consistent strategy and generating good returns and distributions for our shareholders."

Companies mentioned