Slide 1: Annual Meeting
29 SEPTEMBER 2021 Annual Meeting
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward-looking statements often include words such as "anticipates", "estimates", "expects", "intends", "plans", "believes“ and similar words in connection with discussions of future operating or financial performance. The forward-lo
Slide 3: Jonathan Mason, Chair
Jonathan Mason Chair
Slide 4: Asking questions online
Asking questions online Written Questions: Questions may be submitted ahead of the meeting. If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type your question into the field and press submit. Your question will be immed
Slide 5: Voting online
Voting online Shareholder & Proxyholder Voting: Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote for all resolutions at once or by each res
Slide 6: Agenda
Agenda • Ordinary business • Chair’s Address • Group Chief Executive’s Address • Resolution and Final chance for voting • General Business • Questions & Answers • Meeting Close
Slide 7: Vector's Vision
Vector’s Vision Southern Paprika A commercial customer in Warkworth
Slide 8: Decarbonisation
Decarbonisation We aim to provide solutions that give our customers the choice and opportunities to help lower their emissions
Slide 9: Public policy
Public policy We will continue to engage as final decisions are worked through on the best possible transition plan
Slide 10: Jonathan Mason, Chair
Jonathan Mason Chair
Slide 11: Simon Mackenzie, Group Chief Executive
Simon Mackenzie Group Chief Executive
Slide 12: Thank you to our essential workers
Thank you to our essential workers for continuing to deliver for our customers
Slide 13: Overview of financial performance
Overview of financial performance FY21 FINANCIAL PERFORMANCE ($M) 1,294.0 1,279.3 FY20 FY21 513.5 529.5 490.0 488.7 499.1 397.3 194.6 167.5 165.0 97.3 Revenue Adjusted EBITDA Capital Expenditure Net Profit Operating Cash Flow Full Year Dividend Adjusted EBITDA is not a GAAP measure of profit. For a
Slide 14: Highlights
Highlights $529.5m Vector Technology 10.9% EBITDA growth Gross capex Services in Metering business
Slide 15: EV Smart Charging
EV Smart Charging Smart, dynamic charging, helps make EVs more affordable
Slide 16: Strategic alliance
Strategic alliance Vector has an innovation track record and is experienced in working with, and is culturally aligned, with AWS
Slide 17: Vector and X strategic collaboration
Vector and X strategic collaboration A strategic collaboration between Vector and X will include virtualising New Zealand’s largest electricity network
Slide 18: Taskforce on Climate-related Financial Disclosure
Taskforce on Climate-related Financial Disclosure Climate change brings both risks and opportunities for Vector
Slide 19: Simon Mackenzie, Group Chief Executive
Simon Mackenzie Group Chief Executive
Slide 20: Jonathan Mason, Chair
Jonathan Mason Chair
Slide 21: Ordinary business
Ordinary business
Slide 22: Election and re-election of Directors
Election and re-election of Directors
Slide 23: Anne Urlwin
Anne Urlwin BCom, FCA, CFInstD, MAICD, ACIS, FNZIM Anne is a professional director with experience in a diverse range of sectors including construction, health, infrastructure, telecommunications, renewable energy, regulation and financial services. Her current governance roles include directorships
Slide 24: Election of Anne Urlwin
Election of Anne Urlwin Proxy voting Votes For 802,653,668 Against 130,216 Discretionary 4,795,077 Abstain 72,881
Slide 25: Bruce Turner
Bruce Turner BE (Hons), ME, BCom Bruce Turner is a highly experienced senior executive with deep experience across the dairy and energy sectors, both in New Zealand and internationally. Working in the energy industry for more than 30 years, Bruce was extensively involved in the development of the en
Slide 26: Re-election of Bruce Turner
Re-election of Bruce Turner Proxy voting Votes For 802,197,188 Against 615,751 Discretionary 4,821,129 Abstain 17,774
Slide 27: Tony Carter
Tony Carter BE (Hons), ME, MPhil Tony Carter was Managing Director of Foodstuffs New Zealand Ltd for 10 years until he retired in 2010. Tony is currently Chair of Datacom Ltd, My Food Bag Group Ltd and TR Group Ltd. He was previously Chair of Air New Zealand Ltd until 2019, Chair of Fisher & Paykel
Slide 28: Re-election of Tony Carter
Re-election of Tony Carter Proxy voting Votes For 802,444,037 Against 366,054 Discretionary 4,803,722 Abstain 38,029
Slide 29: Appointment and remuneration of auditor
Appointment and remuneration of auditor
Slide 30: Appointment and remuneration of auditor
Appointment and remuneration of auditor Proxy voting Votes For 802,151,951 Against 528,094 Discretionary 4,931,795 Abstain 40,002
Slide 31: General business
General business
Slide 32: Final chance for voting
Final chance for voting
Slide 33: Thank you
Thank you