
Creating sustainable value by investing in the infrastructure for the world of tomorrow
Good operational performance
We are pleased to present you the annual report of TINC after a year full of activity against the backdrop of a public health crisis, geopolitical uncertainty and economic turbulence. The diversification of our participations has limited the impact of these factors on the investment portfolio. As a result, TINC is pleased to announce good annual results with an increase of the distribution to shareholders for the sixth year in a row to €0.54 per share.

Manu Vandenbulcke
CEO
Philip Maeyaert
Chairman of the Supervisory Board
TINC at a glance
Equity (NAV)
464
(in millions of €)
Fair value (FV) portfolio
415
(in millions of €)
Weighted averagediscount rate
7.81%
Portfolio result
30.44
(in millions of €)
Net result per share
€0.69
Distribution per share
€0.54
Share price at the end of the financial year
€13.16
Market capitalisation
479
(in millions of €)
Investing in the world of tomorrow
Infrastructure is the backbone of a modern society. It is the combination of basic services that make all kinds of development (economic, social, personal) possible.
Corporate governance statement
TINC (hereinafter also ‘the Company’) is a participation company within the meaning of Article 3, 48° of the Belgian Act of April 19, 2014 on alternative collective investment institutions, and as such not subject to the provisions of this Act.
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