Channel Infrastructure Nz Limited · NZX:CHI
Channel Infrastructure Nz — Shareholder Meeting (May 2026)
38 slides from Channel Infrastructure Nz's shareholder meeting presentation, May 6, 2026
Slide 1: 2026 ASM presentation materials
NZX/ASX RELEASE 6 May 2026 2026 ASM presentation materials The 2026 Annual Shareholders’ Meeting of Channel Infrastructure NZ Limited (NZX:CHI; ASX:CHI) will be held today at 2pm. Accompanying this announcement are copies of the meeting presentation and speeches to be delivered at the meeting by Boa
Slide 2: For personal use only
current high fuel price environment, the Board has today increased Channel’s EBITDA guidance to $97 million to $105 million.” Chief Executive Rob Buchanan said “Channel’s infrastructure solutions help make New Zealand’s fuel supply chain more secure, enhancing New Zealand’s resilience to fuel supply
Slide 3: For personal use only
Our plan for growth includes supporting fuel resilience for New Zealand through additional fuel storage on our site, unlocking the strategic value of the Marsden Point Energy Precinct Concept which reflects the significant role Channel could play in supporting New Zealand’s energy transition – throu
Slide 4: Annual Shareholders Meeting 2026
For personal use only 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 5: Welcome
For personal use only CHRIS BOUGEN, GENERAL COUNSEL & COMPANY SECRETARY Welcome 2
Slide 6: Using the online platform
Using the online platform Questions Voting For personal use only 3
Slide 7: Chair's address
For personal use only JAMES MILLER, ONZM, CHAIR Chair’s address 4
Slide 8: Agenda
Chair’s address For personal use only 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 9: Board of Directors
Board of Directors For personal use only 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 10: Helping New Zealand respond to the fuel crisis
Helping New Zealand respond to the fuel crisis For personal use only 7
Slide 11: 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 For personal use only OUR PURPOSE Delivering resilient infrastructure solutions to meet changing fuel and energy needs OUR STRATEGIC PRIORITIES World-Class High Performance Grow fro
Slide 12: 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 For personal use only 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 mainten
Slide 13: Channel continues to outperform the NZX50
Channel continues to outperform the NZX50 Total Shareholder Return1 For personal use only 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 equ
Slide 14: Chief Executive's address
For personal use only ROB BUCHANAN, CHIEF EXECUTIVE Chief Executive’s address 11
Slide 15: Leadership Team
Leadership Team For personal use only 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 16: Continued strong process safety and operational performance
Continued strong process safety and operational performance For personal use only 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 17: 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 For personal use only (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.
Slide 18: Proven execution of growth
Proven execution of growth Acquisition of 25% of For personal use only 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 J
Slide 19: 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 For personal use only Picture of Bitumen import terminal 16
Slide 20: Current operations and growth opportunities focused on supporting fuel security
Current operations and growth opportunities focused on supporting fuel security For personal use only 17
Slide 21: Selective and disciplined approach to growth
Selective and disciplined approach to growth #1 For personal use only 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 22: 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 23: Potential Marsden Point Biorefinery
Potential Marsden Point Biorefinery For personal use only Biofuels Manufacture
Slide 24: 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 For personal use only Above WACC returns and forecast to be cash flow accretive in FY2026 Stable inflation-linked revenues Supports Strategy Supports existing custom
Slide 25: Resolutions and Voting
For personal use only JAMES MILLER, ONZM, CHAIR Resolutions and Voting 22
Slide 26: Resolution 1
For personal use only 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 27: General Business
For personal use only JAMES MILLER, ONZM, CHAIR General Business 24
Slide 28: Conclusion of meeting
For personal use only JAMES MILLER, ONZM, CHAIR Conclusion of meeting Please join us for refreshments 25
Slide 29: 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
Slide 30: Chair and Chief Executive Speeches
2026 Annual Shareholders Meeting of Channel Infrastructure NZ Limited Chair and Chief Executive Speeches 6 May 2026 at 2.00pm Chair, James Miller Good afternoon everyone and welcome to the Channel Infrastructure Annual Shareholder Meeting. I’m James Miller, Chair of the Board. We have a quorum of sh
Slide 31: For personal use only
Felicity Underhill who has deep experience in future fuels, innovation and the commercialisation of energy projects. We are also joined today by Channel’s executive Leadership Team, including our Chief Executive Rob Buchanan. Before I begin, I would like to take a moment to thank the wider Channel t
Slide 32: For personal use only
As you know, our vision is to be a world-class energy infrastructure company. Shareholders will be familiar with this slide that shows our strategic priorities and we are well underway executing against this ambitious strategy. I’m pleased to report that we have made great progress towards becoming
Slide 33: For personal use only
Looking ahead to the 2026 financial year, we indicated back in February that we expected EBITDA of between $95-$100 million. This increase on 2025 reflects the early commencement of the Z Energy storage project, the completion of the Higgins bitumen import terminal, good cost control, and the PPI in
Slide 34: Chief Executive, Rob Buchanan
Chief Executive, Rob Buchanan Hi everyone, welcome, I’m Rob Buchanan, Channel’s Chief Executive. With me today are members of our Leadership Team, including: • Alexa Preston, our Chief Financial Officer • Jack Stewart, our General Manager of Operations • Absent today, Peter van Cingel, our Business
Slide 35: For personal use only
As James mentioned, we have proven our ability to execute on large capital- intensive projects safely, on time and on budget. The ongoing conversion project at Marsden Point started with the conversion of Channel’s operations to an import terminal back in 2021 and is now nearing the end, with only b
Slide 36: For personal use only
As New Zealand’s largest fuel import terminal, the critical role that we play in underpinning resilience for New Zealand has been highlighted following the recent conflict in the Middle East. For a tangible example of what Channel’s resilience means: we have more than 290 million litres of tank capa
Slide 37: For personal use only
Our second growth priority is consolidation along Channel’s current supply chain to Auckland Airport. Channel already owns a premium suite of assets in the New Zealand fuel supply chain. It makes sense to see where else we might be able to add value, particularly in aviation fuel which is resilient
Slide 38: For personal use only
Finally as mentioned, Channel made its first measured step-out into the Australian market last year with an A$14 million investment in a 25% share in the Somerton jet fuel pipeline to Melbourne Airport. The pipeline is operated by ExxonMobil, a proven, safe and reliable operator of critical infrastr
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