Meridian Energy Limited · NZX:MEL
Meridian Energy — Investor Presentation (October 2025)
14 slides from Meridian Energy's investor presentation, Oct 13, 2025
Slide 1: Corporate Governance Presentation
Release Stock Exchange Listings NZX (MEL) ASX (MEZ) Corporate Governance Presentation 13 October 2025 Attached is a Meridian Energy Limited corporate governance presentation the Company’s Directors are making this week. For personal use only ENDS Authorised for release by: Jason Woolley General Coun
Slide 2: 2025 Governance Roadshow
2025 For personal use only Governance Roadshow 13-16 OCTOBER 2025 7 cm
Slide 3: Meridian Board
Meridian Board Tania Simpson Appointed August 2021. Chair People, Remuneration and Culture Committee. Michelle Henderson Appointed October 2019. David Carter 2025 re-election. Graham Cockroft Appointed July 2023. Appointed July 2022. 2025 re-election. For personal use only Nagaja Sanatkumar Appointe
Slide 4: Director skills matrix
Director skills matrix ◼︎primary focus ◼︎secondary focus Mark Julia Michelle Nagaja Tania Graham David Strategic focus Verbiest Hoare Henderson Sanatkumar Simpson Cockroft Carter Capital markets, corporate finance and investment community Engineering, construction, physical infrastructure For person
Slide 5: Key governance metrics
1Safety and Sustainability Key governance metrics 2People, Remuneration and Culture 3Audit and Risk 4Cyber Security Annual director fee pool and breakdown FY24 FY25 A&R3 PRC S&S CS4 Board Meeting attendance Committee Committee Committee Committee Board fees $912,500 $950,500 Number of meetings 10 6
Slide 6: Government review of the electricity sector
Government review of the electricity sector Workstream 1: invest in energy security Deliver an LNG import facility. For personal use only Enable the Mixed Ownership Model companies to raise equity. Leverage Government purchasing power to drive new energy projects. Resource management changes, the Fa
Slide 7: Our strategy
Our strategy For personal use only FY25 PROGRESS ⚑ ⚑ ⚑ ⚑ 2025 GOVERNANCE ROADSHOW 13-16 OCTOBER 2025 PAGE 6
Slide 8: Renewable Development Pipeline
Renewable Development Pipeline For personal use only 2025 GOVERNANCE ROADSHOW 13-16 OCTOBER 2025 PAGE 7
Slide 9: Risk management
Risk management Material Risk Climate Related Disclosure Link Meridian operates an active programme to ensure Physical Risk 2: Changing seasonal ongoing risk management. Adverse Hydrological conditions weather patterns increases hydro inflow volatility. The Risk Management Framework, Policy and Cybe
Slide 10: Meridian Executive
Meridian Executive Rory Blundell Jason Woolley Bharat Ratanpal General Manager General Counsel & Chief Information Strategy & Portfolio Company Secretary Officer Tania Palmer General Manager Generation For personal use only Mandy Simpson Chief Financial Officer Appointed September 2025 Claire Shaw G
Slide 11: Chief Executive remuneration
Chief Executive remuneration Total remuneration earned Total remuneration package FY24 FY25 FY26 Neal Barclay Mike Roan Base salary $1,377,885 $1,433,000 Base salary $1,123,870 Kiwisaver on base salary $55,115 $57,320 Kiwisaver on base salary $44,955 For personal use only Total fixed remuneration $1
Slide 12: FY26 Executive Scorecard
FY26 Executive Scorecard Objective Measure Adequate (0% to 50%) Target – good (75%) Excellent (100%) Weighting Grow renewable Delivery of 50%: One of the Good measures Waitaki consent granted and The Good measures must be 25% generation milestones must be materially behind target. For strategy for M
Slide 13: FY26 Executive Scorecard continued
FY26 Executive Scorecard continued Objective Measure Adequate (0% to 50%) Target – good (75%) Excellent (100%) Weighting Deliver operational EBITDAF, 50%: One of the Good measures Reduce annual outage days and The Good measures must be 20% excellence delivery of must be materially behind target. For
Slide 14: Disclaimer
Disclaimer The information in this presentation was prepared by Meridian Energy these measures may differ from similarly titled measures presented by with due care and attention. However, the information is supplied in other companies and they should not be considered in isolation from, or summary f
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