SDCL Energy Efficiency Income Trust

Overview
Price performance
Financials
Research
Sector insights
Thematics

SDCL Energy Efficiency Income Trust’s objective is to generate an attractive total return for investors, comprising a stable dividend income and capital preservation, with the opportunity for capital growth.

Latest Insights

Investment Companies |
edison tv

27.02.24

Webinar introducing private investors to SDCL Energy Efficiency Income Trust

Investment Companies |
Flash note

05.12.23

SDCL Energy Efficiency Income Trust — H1 results confirm attractive potential total return

Investment Companies |
edison tv

24.11.23

SEEIT webinar: Impacts of the US Inflation Reduction Act

Investment Companies |
edison tv

03.10.23

SDCL Energy Efficiency Income Trust – executive interview

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Sector

Investment Companies

Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Harry Kilby

Analyst

Key Management

Tom Hovanessian

Investment Director
Tony Roper

Chairman

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	6.1	17.5	(33.1)
Relative	1.2	8.1	(37.2)
52 week high/low	94.9p/51.8p

Overview

SDCL Energy Efficiency Income Trust (SEEIT) has taken a prudent approach to discount rate adjustments in the period, leading to a 10.9p reduction in net asset value (NAV) per share from 101.5p to 90.6p. This was largely driven by a 100bp increase in the weighted average unlevered discount rate to 8.7%. The portfolio valuation at the end of H124 stood at £1,066m and investment cash inflow from the portfolio was £47m (a c 9% increase from H123). SEEIT has declared a total aggregate dividend of 3.12p per share for H124, which is in line with its FY24 target of 6.24p (a 4% y o y increase), while maintaining a dividend cash cover of 1.1x, which is expected to grow by the end of FY24 and over the medium term. SEEIT is currently trading at a 33% discount to NAV with a 10% dividend yield.