Mercury Nz Ltd. · NZX:MCY
Mercury Nz — Non-Deal Roadshow (June 2024)
17 slides from Mercury Nz's roadshow presentation, Jun 18, 2024
Slide 1: Governance Roadshow Presentation – June 2024
STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY) NEWS RELEASE Governance Roadshow Presentation – June 2024 18 June 2024 – Mercury will present a series of investor meetings during June 2024. The presentation materials are attached. For personal use only ENDS Howard Thomas General Counsel and Company S
Slide 2: Mercury June 2024 presenters
SCOTT ST JOHN JAMES MILLER Chair Chair, Risk Assurance and Audit Committee CEP | | Mercury June 2024
Slide 3: Disclaimer
DISCLAIMER. For personal use only This presentation has been prepared by Mercury NZ Limited and its group of companies ("Company") for informational purposes. This disclaimer applies to this document and the verbal or written comments of any person presenting it. Information in this presentation has
Slide 4: The electrification opportunity is significant
THE ELECTRIFICATION OPPORTUNITY IS SIGNIFICANT. For personal use only Renewable electricity supply to increase 30TWh by 2050 Key messages * The 2050 energy transition will require a further 30TWh of renewable electricity in New Zealand, a significant uplift from the current base of 36TWh! NZ Renewab
Slide 5: Mercury at a glance
MERCURY AT A GLANCE. Our business >€lectricity generator and multi-product retailer “Cacross electricity, gas and telco in NZ © 4% ~21% Generation market share! g Y ~25% Retail electricity market share2 S F ~174k Broadband and mobile connections? “(G 8% ~186k customers with 2 or more products For pe
Slide 6: Our strategic framework
OUR STRATEGIC FRAMEWORK. al use only @ ‘TOHONO I NGA TANGATA ME NGA. ‘WAI OTE INAMATA, “TakaNG CARE OF TOMORROW. Key messages Our strategic framework maps why we exist, and what we will need to focus on over the near and longer term. We are currently reviewing our three-year objectives for FY25 to F
Slide 7: Total shareholder return
For personal use only • Period TSR Annualised TSR 1-year 5% 5.2% 5-year 98% 14.6% Since listing (~11 years) 247% 11.9% • • • •
Slide 8: NZAS commitment paves the way for expansion of Kaiwera Downs
NZAS COMMITMENT TO NZ PAVES THE WAY FOR THE EXPANSION OF KAIWERA DOWNS. For personal use only Kaiwera Downs will be NZ's second largest wind farm Kaiwera Downs Wind Farm & ror twone ean & 01 te xan ‘Construction contracts are now executed but remain subject to the Electricity Authority approving the
Slide 9: Board of Directors
BOARD OF DIRECTORS. For personal use only da SCOTT ST JOHN CHAIR Tenure 6+ years SUSAN PETERSON DIRECTOR Tenure 0-3 years VE HANNAH HAMLING DIRECTOR Tenure 4-6 years MARK BINNS DIRECTOR Tenure 0-3 years { =e) “> ADRIAN LITTLEWOOD DIRECTOR Tenure O-3 years <A> MIKE TAITOKO DIRECTOR Tenure 6+ years }
Slide 10: Leadership Team
LEADERSHIP TEAM. For personal use only Key messages ¢ Very experienced leadership team is structured to position Mercury for future opportunities and challenges < < 4 * Arrange of tenure to provide VINCE HAWKSWORTH STEW HAMILTON LUCIE DRUMMOND PHIL GIBSON CHIEF EXECUTIVE EXECUTIVE GM GENERATION EXEC
Slide 11: Chief Executive Appointment
CHIEF EXECUTIVE APPOINTMENT. For personal use only 10 Succession planning enables a seamless CE transition Key messages Vince Hawksworth developed a strategic executive leadership team, providing a strong platform for a seamless Chief Executive transition to Stew Hamilton Stew has been responsible f
Slide 12: ASM Resolutions
ASM RESOLUTIONS. Key messages * Mike Taitoko completes his 9 year as a director. Re- election will provide stability and ensure sufficient overlap with newer directors to transfer knowledge and experience. Mike has the unanimous support of Mercury's Board * Achange to the fee pool was last approved
Slide 13: Director Fees
DIRECTOR FEES. For personal use only 12 Mercury seeks increase to close gap to market medians Board Chair Director Fee Data! 16 median 264,000 policy fee 208,000 78% NED 16 +199,000 103,000 7% (Chair of Risk Assurance & ‘Ault committee 18 37,900, 28,000, 78% Chair of Risk Assurance & ‘Ault aggregate
Slide 14: FY24 Remuneration Performance Package
FY24 REMUNERATION PERFORMANCE PACKAGE. = Remuneration linked to strategy, performance & TSR Key messages FS M | founded . ° ercury's executive remuneration policy is founde © 3500 CE remuneration performance pay for FY24 on throes guiding principles: policy n 3000 * Remuneration is aligned to long-t
Slide 15: Environmental, Social and Governance - Key Activity
ENVIRONMENTAL, SOCIAL AND GOVERNANCE - KEY ACTIVITY. personal use only — Fo 14 Taking a collaborative approach to improve resilience Environmental Social Governance Customer Care Meaningful support fo those experiencing hardship Natural Environment Evolving our approach to how we restore nature Appo
Slide 16: Financial — Strong Balance Sheet Supports Further Investment
FINANCIAL — STRONG BALANCE SHEET SUPPORTS FURTHER INVESTMENT. Forecast Debt/EBITDA provides platform for growth Key messages * Debt/EBITDA’ at 2.0x for FY24, consistent with FY23 * Capital structure flexibility enables growth w ¢ S&P Global re-affirmed Mercury's credit rating of BBB+/stable in Decem
Slide 17: For personal use only
For personal use only