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Event | Do you know the value of your business? It’s time you do!

BBGI is a diversified social infrastructure investment company, registered in Luxembourg, and a FTSE-250 constituent. Its portfolio consists of long-term and low-risk essential infrastructure investments, which deliver stable, predictable cashflows, with progressive dividend growth and attractive, sustainable returns. It focuses on enhancing the value of its investments, which are globally diversified within highly rated, investment-grade countries. Most of its investments are via Public, Private Partnerships (PPPs) or derivatives thereof. All investments are availability-based, not demand-based, and supported by government-backed revenues. The cashflow line, thus, is very reliable.

  • Background: Central to BBGI’s business are its 50 essential, social infrastructure investments; they range from bridges in North America to a hospital facility in Australia. Crucially, BBGI’s equity investment portfolio comprises low-risk and public sector-financed, availability-based infrastructure investments.
  • Operations: BBGI’s main operating jurisdictions are in North America, specifically Canada, and in the UK. Revenues from virtually all of BBGI’s investments are based on their availability, and not on the level of demand for them; hence, there is a bond-like predictability about future revenues.
  • Valuation: BBGI has built up a highly successful track record since its IPO in 2011, with total shareholder returns averaging 11% p.a. Its shares have consistently traded at a premium to its NAV: now almost 22%. With a now-confirmed 7.18p full-year payment for 2020, the shares are yielding 4.3%.
  • Risks: All BBGI’s cashflows are from government or government-backed bodies, thereby reducing the counterparty risk factor considerably. Owing to the absence of demand-based investments, the impact of COVID-19 on BBGI’s finances and operations has been marginal.
  • Investment summary: In the quest for reliable dividends, institutional and retail investors may well focus on UK infrastructure investment companies, with their secure dividend profiles. The prospective sector yield is now ca.5% ‒ a figure well above the 4.3% for BBGI, based on its 7.18p payment for 2020.
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