About us

Our strategic objectives

3i is a leading international investor and manager focused on mid-market Private Equity and Infrastructure. We focus on opportunities where our sector and market expertise, combined with our strong capital position, can create material value for our stakeholders.

1. Grow investment portfolio earnings

FY2017 progress

Percentage of Private Equity portfolio companies1 (by value) that grew earnings in FY2017

93%

 1. Includes 22 companies valued on an earnings basis, Basic-Fit and Scandlines.

FY2018 outlook

  • Action’s pace of growth is expected to continue, with further expansion planned in France and Germany
  • Positive outlook for the portfolio invested in since the strategic review in 2012
  • Macro-economic pressures expected to continue, particularly in the high street retail sector
  • Portfolio to contain fewer problem legacy assets
2. Realise investments with good cash-to-cash returns

FY2017 progress

Private Equity proceeds

£982m

FY2018 outlook

  • Expect realisations to be at least £750 million, subject to market conditions
3. Maintain an operating cash profit

FY2017 progress

Operating cash profit1 including Debt Management

£33m
1. Operating cash profit is an APM.

FY2018 outlook

  • New Infrastructure initiatives expected to generate cash income that will partially offset the loss of Debt Management income
  • Continue to focus on generating income where appropriate from the Private Equity portfolio
  • Cost discipline to be maintained
4. Use our strong balance sheet

FY2017 progress

£478m

Invested in Private Equity

£131m

Invested in Infrastructure

FY2018 outlook

  • Plan to invest up to £750 million p.a. in four to seven Private Equity investments, whilst maintaining discipline on entry prices
  • Manage 3iN’s new investments actively and source further investment opportunities
  • Support Infrastructure’s new fund management initiatives in Europe and North America
5. Increase shareholder distributions

FY2017 progress

Dividend

26.5p

FY2018 outlook

  • Committed to pay a base dividend of 16 pence per share in respect of FY2018
  • The amount of the additional dividend will be subject to the level of investment, realisations and balance sheet strength
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