WEBVTT - Quick Bite: What makes a 'great New Zealand company'?

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<v Speaker 1>You're listening to a Chasse podcast. The late Lloyd Morrison

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<v Speaker 1>did actually set up in for two way back in

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<v Speaker 1>the day. Would you say his aspirations have been realized?

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<v Speaker 2>I don't know. He's quite ambitious guy, right, so that

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<v Speaker 2>I suspect that's a pretty high bar that we're all

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<v Speaker 2>continually trying to live up to. He he described it

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<v Speaker 2>what he hoped for Infratoo before he passed away as

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<v Speaker 2>as creating a great New Zealand company is what he said,

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<v Speaker 2>which leaves quite a bit of room for interpretation. But

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<v Speaker 2>I think what he is capturing there is you know

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<v Speaker 2>there are it's more than a fund where you sort

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<v Speaker 2>of pop in a few investments, like if you're doing

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<v Speaker 2>your own investing and you sort of mix a match

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<v Speaker 2>and you come out with a financial return and that's happy.

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<v Speaker 2>His aspirations for Intole were much higher than that. A

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<v Speaker 2>company that and you sort of saw this when he

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<v Speaker 2>was alive, you know, was relevant to New Zealand and

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<v Speaker 2>other markets if possible. When he advocated for the stock

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<v Speaker 2>exchange not to be sold for various things that we're

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<v Speaker 2>going on with airlines and the flag. Those are the

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<v Speaker 2>levels of his aspirations for him a tool, and I

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<v Speaker 2>think we're sort of still working I think on that

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<v Speaker 2>part of his vision. How can you have kind of

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<v Speaker 2>a broader place in people's hearts and minds than just

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<v Speaker 2>like a spreadsheet.

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<v Speaker 1>And also, I mean eighty percent of the business is Australasians.

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<v Speaker 1>Still you call yourselves a global infrastructure investment company, but

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<v Speaker 1>actually a lot of it still is based here. But

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<v Speaker 1>I suppose is that always? Is that always what you're

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<v Speaker 1>hoping to.

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<v Speaker 2>Have or I think that's more just where we've come from,

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<v Speaker 2>which is a strength. So the more mature businesses will

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<v Speaker 2>be at home, the things where we're willing to take

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<v Speaker 2>more risk will tend to still be at home. First. Really,

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<v Speaker 2>where we want to take the investment portfolio is a

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<v Speaker 2>kind of a more global version of what you see today.

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<v Speaker 2>So could we have larger data seen the businesses offshore?

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<v Speaker 2>I think that would be interesting from an investment perspective.

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<v Speaker 2>And certainly we have every right, I think, given what

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<v Speaker 2>we've achieved so far and this part of the world,

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<v Speaker 2>to try to do that. And you can sort of

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<v Speaker 2>see that in renewables as well. Right, we've had huge

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<v Speaker 2>history with was TrustPower now monor energy tilt that came

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<v Speaker 2>out of it definitely earned the right I think to

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<v Speaker 2>try that offshore and Long Road in the US is

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<v Speaker 2>the early sort of signs that maybe we can translate

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<v Speaker 2>off that offshore, and we've got a few other ways

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<v Speaker 2>to try and integrate that model into other jurisdictions as well.

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<v Speaker 1>And Jason, what excites you about the future.

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<v Speaker 2>I think trying to become that great New Zealand company

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<v Speaker 2>is pretty exciting. Actually, a global version of what we've

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<v Speaker 2>got would be really exciting. I think for seer orders,

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<v Speaker 2>which includes me and actually a company that's known for

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<v Speaker 2>I think being relevant, as I said, that looks after

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<v Speaker 2>its staff, that looks up to its neighbors, that would

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<v Speaker 2>be a very happy place. Investing involves risk. You might

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<v Speaker 2>lose the money you start with. We recommend talking to

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<v Speaker 2>a licensed financial advisor.

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<v Speaker 1>We also recommend reading product disclosure documents before deciding to invest.