Cleanaway Waste Management Ltd

The fund managers believe Cleanaway Waste Management Ltd. is well-positioned for long-term growth, particularly due to its strategic focus on sustainability and its leadership in Australia’s waste management sector. In their opinion, Cleanaway’s Blueprint 2030 strategy offers a strong foundation for creating shareholder value by capitalizing on favorable industry dynamics, including supportive government waste policies and landfill levies. The fund managers view Cleanaway as Australia’s largest waste operator, with a network of essential infrastructure assets such as landfills, recycling facilities, and waste collection vehicles. They also highlight the company’s proactive approach to circular waste solutions, which aligns with national waste policies aimed at reducing landfill usage and increasing recycling rates. Key initiatives under Blueprint 2030, such as investing in organics processing, energy-from-waste, and circular plastics, are seen as critical to the company’s growth and its ability to provide low-carbon, high-circularity solutions. While there are execution risks, the fund managers are optimistic about Cleanaway’s potential to drive operational efficiencies, grow market share, and deliver value through its capital investments. They believe that the company’s strategy is well-aligned with the regulatory environment and will continue to support its leadership position in the waste management industry.