Channel Infrastructure Nz Limited · NZX:CHI
Channel Infrastructure Nz — Shareholder Meeting (May 2026)
26 slides from Channel Infrastructure Nz's shareholder meeting presentation, May 6, 2026
Slide 1: Annual Shareholders Meeting 2026
Annual Change picture to the same one as the AR cover Shareholders Meeting 2026 Change picture to cover of AR 6 May 2026 1
Slide 2: Welcome
CHRIS BOUGEN, GENERAL COUNSEL & COMPANY SECRETARY Welcome 2
Slide 3: Using the online platform
Using the online platform Questions Voting 3
Slide 4: Chair's address
JAMES MILLER, ONZM, CHAIR Chair’s address 4
Slide 5: Agenda
Chair’s address James Miller, ONZM, Chair Chief Executive’s address Agenda Rob Buchanan, Chief Executive Resolutions and voting James Miller, ONZM, Chair General business James Miller, ONZM, Chair 5
Slide 6: Board of Directors
Board of Directors James Miller, ONZM Andrew Brewer Angela Bull Board Chair, Independent Director Non-Independent Director Independent Director Andrew Holmes Anna Molloy Felicity Underhill Independent Director Independent Director Independent Director 6
Slide 7: Helping New Zealand respond to the fuel crisis
Helping New Zealand respond to the fuel crisis 7
Slide 8: Continued progress on our strategy positioning us well for growth
Continued progress on our strategy positioning us well for growth OUR VISION World-class energy infrastructure company OUR PURPOSE Delivering resilient infrastructure solutions to meet changing fuel and energy needs OUR STRATEGIC PRIORITIES World-Class High Performance Grow from Support Energy Disci
Slide 9: Growing dividends backed by strong cash flow and increased pay-out ratio
Growing dividends backed by strong cash flow1 and increased pay-out ratio Dividends 13.0cps +18% 11.0cps 10.5cps +5% Ordinary dividends 1.5cps FY23 FY24 FY25 Ordinary Special 1. Cash flow refers to Normalised Free Cashflow, being cashflow from continuing operations less maintenance capex, excluding
Slide 10: Channel continues to outperform the NZX50
Channel continues to outperform the NZX50 Total Shareholder Return1 63.0% 37.4% 11.4% 9.2% 2.6% 3.3% FY23 FY24 FY25 NZX50G Channel 1. TSR calculated from the 31 December share price of the prior year. Excludes value of rights taken up or renounced in Channel’s November 2024 equity raise and excludes
Slide 11: Chief Executive's address
ROB BUCHANAN, CHIEF EXECUTIVE Chief Executive’s address 11
Slide 12: Leadership Team
Leadership Team Rob Buchanan Alexa Preston Jack Stewart Chief Executive Chief Financial Officer GM of Operations Chris Bougen Peter van Cingel Steven Levell General Counsel and Company Secretary Business Development GM of IPL 12 Manager
Slide 13: Continued strong process safety and operational performance
Continued strong process safety and operational performance JET FUEL 1,422m litres +1% PCP Zero Process Safety Incidents 3.5 billion DIESEL 1,089m litres Stable PCP litres Delivered to market from Marsden Point 1,024m litres >99% PETROL +3% PCP Asset Availability 13
Slide 14: Continued strong and stable 2025 financial result
Continued strong and stable 2025 financial result Revenue EBITDA (Margin %) Normalised Free Cash +4% growth in Revenue +4% growth in EBITDA Flow (excluding Wiri lease) (excluding Wiri lease) $139.8m $140.2m $95.1m $93.4m +5% (68%) (67%) $133.8m $139.2m $89.1m $92.4m $63.4m $66.9m FY24 FY25 FY24 FY25
Slide 15: Proven execution of growth
Proven execution of growth Acquisition of 25% of Conversion Project Somerton pipeline Government Diesel Storage: 93 million litres 2021 2022 2023 2024 2025 2026 Additional Storage Extension Additional Storage 100 million litres Private Storage Bitumen Import Terminal Z Energy Jet Fuel Storage Transm
Slide 16: Continued execution of projects safely, on budget, and on time
Continued execution of projects safely, on budget, and on time Jet Fuel Storage for Z Energy Bitumen Import Terminal Picture of Bitumen import terminal 16
Slide 17: Current operations and growth opportunities focused on supporting fuel security
Current operations and growth opportunities focused on supporting fuel security 17
Slide 18: Selective and disciplined approach to growth
Selective and disciplined approach to growth #1 Marsden Point Energy Precinct #2 Synergistic consolidation along Channel’s current supply chain to Auckland Airport #3 Measured growth step-outs focused on adding to the quality of Channel’s assets 18
Slide 19: Marsden Point Energy Precinct
SAF / Hydrogen Expansion Energy Security Opportunities Transpower, Northpower Future Fuels Manufacturing Opportunities Public Access (Mair Road) Services for SAF / Hydrogen Additional Storage Opportunities Current Facility Lease (to Long-term Tenant) Strategic Fuels Storage Leased to Third Parties T
Slide 20: Potential Marsden Point Biorefinery
Potential Marsden Point Biorefinery Biofuels Manufacture
Slide 21: Strategic position in Melbourne's jet fuel supply chain
Strategic position in Melbourne’s jet fuel supply chain Acquired 25% interest in the Somerton jet fuel pipeline Met Financial Criteria Above WACC returns and forecast to be cash flow accretive in FY2026 Stable inflation-linked revenues Supports Strategy Supports existing customers Jet fuel asset in
Slide 22: Resolutions and Voting
JAMES MILLER, ONZM, CHAIR Resolutions and Voting 22
Slide 23: Resolution 1
That Directors be authorised to fix the fees and expenses of Ernst & Young as auditors to Resolution 1 the Company for the financial year ending 31 December 2026. 23
Slide 24: General Business
JAMES MILLER, ONZM, CHAIR General Business 24
Slide 25: Conclusion of meeting
JAMES MILLER, ONZM, CHAIR Conclusion of meeting Please join us for refreshments 25
Slide 26: Important Information
Important Information • This presentation contains forward looking statements concerning the • In light of these risks, results could differ materially from those stated, financial condition, results and operations of Channel Infrastructure NZ implied or inferred from the forward-looking statements
Channel Infrastructure NZ — Shareholder Meeting (May 2026) on 6ix