Infigen Energy : Appendix 4D and FY17 Interim Financial Report 31 December 2016

22 February 2017‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

APPENDIX 4D AND INTERIM FINANCIAL REPORT‌

Attached are the following reports relating to the interim financial results for Infigen Energy (ASX: IFN):‌‌‌

• Appendix 4D - Half Year Report

• Infigen Energy Group - Interim Financial Report for the half year ended 31 December 2016‌

• Management Discussion and Analysis of Financial and Operational Performance for the half year ended 31 December 2016‌

  ENDS‌‌‌‌‌

  For further information please contact:‌‌

  Richard Farrell Marju Tonisson

  General Manager, Strategy & Corporate Affairs Manager, Investor Relations & ESG Tel [phone]‌‌‌

  About Infigen Energy‌‌‌‌

  Infigen is an active participant in the Australian energy market. It is a developer, owner and operator of renewable energy generation assets delivering energy solutions to Australian businesses and large retailers.

  Infigen owns 557 MW of installed generation capacity operating in New South Wales, South Australia and Western Australia and sells the energy and Large-scale Generation Certificates (LGCs) through a combination of medium and long term contracts and through the spot market.‌

  Infigen is looking to develop further renewable energy projects in response to the strong demand for renewable sourced energy and decreasing cost of development. It has a number of projects that offer near-term development opportunities.

  Infigen Energy trades on the Australian Securities Exchange under the code IFN. For further information please visit our website: www.infigenenergy.com

  INFIGEN ENERGY GROUP Appendix 4D - Half Year Report 31 December 2016

  Name of entity: Infigen Energy (ASX: IFN), a stapled entity comprising Infigen Energy Limited (ABN 39 105 051 616), Infigen Energy (Bermuda) Limited (ARBN 116 360 715), and the Infigen Energy Trust (ARSN 116 244 118)

  Reporting period

  Current Period: 1 July 2016 - 31 December 2016

  Previous Corresponding Period: 1 July 2015 - 31 December 2015

  Results for announcement to the market

  % Movement	31 December 2016 $'000	31 December 2015 $'000
  Revenues from continuing operations	38%	115,365	83,352
  Profit / (loss) from continuing operations after tax attributable to members	920%	21,366	(2,605)
  Profit from discontinued operations after tax attributable to members	(100%)	-	415
  Profit / (loss) for the period attributable to members	1076%	21,366	(2,190)

  Distributions

  Record date	Payment date	Amount per security	Franked amount per security
  Interim distribution declared subsequent to 31 December 2016	N/A	N/A	Nil	N/A
  Interim distribution declared subsequent to 31 December 2015	N/A	N/A	Nil	N/A

  A brief explanation of any of the figures reported above necessary to enable the figures to be understood:

  Refer to the attached Management Discussion and Analysis of Financial and Operational Performance for the half-year ended 31 December 2016.

  Financial statements

  Refer to the attached consolidated financial statements for the half-year ended 31 December 2016.

  Net tangible asset backing per security

  31 December 2016	30 June 2016
  Net tangible asset backing per stapled security	25 cents	20 cents

  Control gained or lost over entities during the period

  • Bluff Solar Farm Pty Limited was incorporated 24 November 2016.

  • Bowen Solar Farm Pty Limited was incorporated on 29 November 2016.

  • BWF Finance Pty Limited was incorporated on 29 November 2016.

Associates and joint venture entities

Refer to the attached consolidated financial statements for the half-year ended 31 December 2016.

Accounting standards used by foreign entities

Refer to "Significant Accounting Policies" section of the attached consolidated financial statements for the half-year ended 31 December 2016.

Commentary on results and outlook

Refer to the attached Management Discussion and Analysis of Financial and Operational Performance for the half-year ended 31 December 2016.

Audit / review of accounts upon which this report is based and Qualification of audit / review

This report is based on accounts which have been reviewed by an independent auditor. This auditor has issued an un-qualified review report on the financial statements for the Infigen Energy Group for the half-year ended 31 December 2016.

Page 1 of 1 Infigen Energy Group - Appendix 4D Half year Report 31 December 2016

Infigen Energy Limited ACN 105 051 616 Infigen Energy Trust ARSN 116 244 118

Interim Financial Reports for the Half-Year Ended 31 December 2016

Registered office:

Level 22

56 Pitt Street

Sydney NSW 2000

Interim Financial Report For the half-year ended 31 December 2016

CONTENTS

Corporate Structure 1

Directors' Report 3

Directors 3

Review of Operations 3

Infigen Energy Group 3

Infigen Energy Trust 3

Future Developments 3

Rounding 4

Auditor's Independence Declaration 5

Independent auditor's review report to the stapled securityholders 6

Directors' Declaration 8

Consolidated statements of comprehensive income 9

Consolidated statements of financial position 10

Consolidated statements of changes in equity 11

Consolidated statements of changes in equity 12

Consolidated cash flow statements 13

About this report 14

Basis of preparation 14

Significant accounting policies 15

1. Segment information 16

2. Revenue 19

3. Other income 19

4. Expenses 20

5. Investment in associates and joint ventures 21

6. Fair value hierarchy 23

7. Borrowings 25

8. Distributions 25

9. Earnings per share / unit 26

10. Contingent liabilities 27

11. Contributed equity 28

12. Events occurring after the reporting period 28