Contact Energy Limited · NZX:CEN
Contact Energy — Craigs Rapid Insights Conference 2026
21 slides from Contact Energy's conference presentation, Jun 16, 2026
Slide 1: Craigs Rapid Insights Conference
Craigs Rapid Insights Conference For personal use only June 2026
Slide 2: Disclaimer and important information
Disclaimer and important information While all reasonable care has been taken in compiling this presentation, neither Contact Such financial information and financial measures (including EBITDAF, free cash flow and For personal use only nor any of its directors, employees, shareholders nor any other
Slide 3: Contact is one of New Zealand's most significant companies
Contact is one of New Zealand’s most significant companies We own, operate and develop low-cost, long-life renewable generation and storage assets, meeting the evolving needs of our customers For personal use only 11.8TWh 3 mean thermal generation1 7 1 peaking stations ~98% renewable geothermal batt
Slide 4: Leading New Zealand's renewable energy future
Contact31+ Leading New Zealand’s renewable energy future Strategic pillars For personal use only Lead on new flexibility Build into new demand Extend our advantage in New Zealand with wind and solar ead the energy L as New Zealand’s Accelerate batteries, build Deliver lowest-cost diversifie
Slide 5: Market and renewable development updates
For personal use only Market and renewable development updates 5
Slide 6: NZ market context: Impacts of energy transition apparent
NZ market context: Impacts of energy transition apparent Gas supply is declining New demand is The electricity market is Pricing volatility and seasonal rapidly materialising increasingly renewable spread have increased For personal use only Domestic gas production has Since 2021 (last 5 years) dema
Slide 7: Over 3TWh of new electricity demand is tied to known and committed sources
Over 3TWh of new electricity demand is tied to known and committed sources Identified projects across the dairy, data centre and metals sectors, alongside continued residential trends, For personal use only are expected to contribute >3TWh to electricity demand by 2030 Breakdown of known new-to-gr
Slide 8: Our committed build programme responds to the known market opportunity
Our committed build programme responds to the known market opportunity Glorit Solar For personal use only • Early works underway. Glorit 150MWac / ~287GWh p.a. • Notice to Proceed to be Target online Q4 CY28 issued to EPC in June.2 Target IRR >12% at FID1 Auckland Glenbrook-Ohurua • Construction und
Slide 9: Opportunities for new electricity demand exist at scale across key sectors
Beyond known committed projects, opportunities for new electricity demand exist at scale across key sectors For personal use only Data Centres Electrification of dairy3 Metals Additional potential data centre demand Fonterra has committed to Major Metals projects could add 4-5TWh1 from two sources:
Slide 10: Contact can draw on its deep set of enabling capabilities
Contact can draw on its deep set of enabling capabilities to support customer energy transition and growth For personal use only Data Centres Electrification of dairy Metals Contact has deep enabling capabilities as a long-term energy market participant, leading developer of renewable energy project
Slide 11: New Zealand is an internationally competitive location for data centres
New Zealand is an internationally competitive location for large-scale data centres hosting AI workloads Investment drivers Key components New Zealand’s competitive position (BCG analysis) For personal use only Grid connection ^ 1–3 years for grid connection vs 2–5+ years for other developed countri
Slide 12: We are advancing 4TWh+ of priority development options
We are advancing 4TWh+ of priority development options to meet new demand opportunities And can draw additional projects from our 11TWh+ total pipeline to meet acceleration in customer needs Contact31+ priority Tauhara 2 Total uncommitted generation pipeline of 11TWh+, 50 – 70MW | 415 – 580GWh For p
Slide 13: Pathway in place for NZAS to act as a long-term customer
Pathway in place for NZAS to act as a long-term customer underpinning Contact’s 1TWh+ Southland Wind Farm Contact is advancing its strategic partner identification process and targeting mid-2027 for a Final Investment Decision For personal use only Consent granted Strategic partner RFI process advan
Slide 14: Construction to get underway on Glorit Solar in June
Construction to get underway on Glorit Solar in June, bringing new renewable generation to market1 Contact has already contracted over 500GWh p.a. of new summer-weighted load in the dairy sector Key investment metrics – Key investment metrics – For personal use only expected (Contact) expected (Proj
Slide 15: Next priority: Securing the value of Contact's Stratford site
Next priority: Securing the value of Contact’s highly strategic Stratford site Following the February 2026 closure of Contact’s Taranaki Combined Cycle baseload gas plant (TCC), Contact is prioritising options that will leverage the unique combination of site resources and support growth in the Tara
Slide 16: Contact's continued growth will be disciplined
Contact’s continued growth will be disciplined, with simplified processes and deployment of automation Achievement of Manawa cost synergies – and early progress on productivity initiatives – support a commitment to delivering and maintaining $360M nominal base operating expense in each of FY26, FY27
Slide 17: Groundwork laid and a clear vision for success through Contact31+
We’ve laid the groundwork and have a clear vision for success through Contact31+ Most diversified generation portfolio in New Zealand with For personal use only mean output ~98% renewable1 New Zealand's leader in geothermal operations and development having brought a total 225MW of new geothermal
Slide 18: Appendix
For personal use only Appendix 18
Slide 19: Contact31+ will deliver the highest value outcomes
Contact31+ will deliver the highest value outcomes for our investors and for NZ Strategic pillar FY31 Targets, Subject to future investment decisions Does not include potential upside from acceleration options in the For personal use only event a high market demand scenario materialises • 250MW geot
Slide 20: Contact's geographically diversified operating assets
Contact’s geographically diversified operating assets Operational generation assets across New Zealand, capacity, MW1 Wairakei - 138MW For personal use only Hydro stations Bream Bay 8MW Te Mihi 1 & 2 - 166MW Poihipi - 53MW Geothermal stations Ohaaki - 41MW Cobb River 36MW Battery Energy Storage Syst
Slide 21: An attractive and diversified pipeline of development options
An attractive and diversified pipeline of development options Combined solar and wind Capacity Estimated Earliest Project status Expected available pipeline options of ~10TWh Project Technology (MW / output online date investment Land Consent Under MWac)1,2 (GWh) Consented decision3 secured lodged c
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