Mercury Nz Ltd. · NZX:MCY
Mercury Nz — Non-Deal Roadshow (July 2022)
17 slides from Mercury Nz's roadshow presentation, Jul 18, 2022
Slide 1: Governance Roadshow Presentation – July 2022
STOCK EXCHANGE LISTINGS: NEW ZEALAND (MCY) / AUSTRALIA (MCY) For personal use only Governance Roadshow Presentation – July 2022 18 July 2022 Mercury will present a series of investor meetings during July 2022. The presentation materials are attached. ENDS Howard Thomas General Counsel and Company Se
Slide 2: Governance Roadshow
For personal use only MERCURY. GOVERNANCE ROADSHOW PRUE FLACKS JAMES MILLER Chair Chair, Risk Assurance and Audit Committee 18 July 2022
Slide 3: Disclaimer
DISCLAIMER. This presentation has been prepared by Mercury NZ Limited and its group of companies (“Company”) for informational purposes. This disclaimer applies to this document For personal use only and the verbal or written comments of any person presenting it. Information in this presentation has
Slide 4: Mercury at a Glance
MERCURY AT A GLANCE. ~8,200GWh ANNUAL MEAN GENERATION > Vertically integrated 100% renewable For personal use only generator and national multi-product utility retailer WIND HYDRO GEOTHERMAL ~1,570GWh > New Zealand’s second largest gentailer by NORTH ISLAND ~4,050GWh ~2,600GWh4 (WITH 370GWh IN CONST
Slide 5: Strategic framework linking three-year objectives with long-term goals
STRATEGIC FRAMEWORK LINKING THREE-YEAR OBJECTIVES WITH LONG-TERM GOALS. For personal use only 4
Slide 6: HY2022 result reflects significant change
HY2022 RESULT REFLECTS SIGNIFICANT CHANGE. TILT NZ ACQUISITION TURITEA OPERATING TRUSTPOWER RETAIL For personal use only Acquired five operating wind farms All 33 turbines in Turitea North Trustpower Retail acquisition which combined with Turitea North operating, generated 105GWh in completed; integ
Slide 7: Tilt Renewables operations boosts generation portfolio
TILT RENEWABLES OPERATIONS BOOSTS GENERATION PORTFOLIO Operating assets > Acquisition of Tilt Renewables New Zealand operations completed in For personal use only August 2021. Initial bid announced in March at $7.80 per share, subsequently increased to $8.10 per share in April. Funded through sale o
Slide 8: Mercury advancing generation development opportunities
MERCURY ADVANCING GENERATION DEVELOPMENT OPPORTUNITIES. Development Options Potential Capacity (est.) Commentary For personal use only Puketoi ~230MW Consented lapse period extended to 2031 Kaiwaikawe (wind) Constructability work and consent enhancements progressing Potential capacity: 75MW Kaiwaika
Slide 9: Trustpower retail acquisition transforming
TRUSTPOWER RETAIL ACQUISITION TRANSFORMING. > Mercury now NZ’s largest energy multi-product utility retailer For personal use only > Acquisition of Trustpower’s retail business enables Mercury to accelerate its retail strategy, delivering the right product mix and enhanced value for customers on a f
Slide 10: Mercury's long term track record
MERCURY’S LONG TERM TRACK RECORD. Net debt For personal use only FY2022F includes the partial year contribution EBITDAF of ex Tilt assets, Turitea & Trustpower retail 1 OPEX1 Operating expenditure DEBT & INTEREST Interest expense (RHS) 600 400 One-off costs 1,500 150 1,200 120 400 300 Flat from FY20
Slide 11: Leadership Team
LEADERSHIP TEAM. For personal use only > VINCE HAWKSWORTH > JULIA JACK > WILLIAM MEEK > LUCIE DRUMMOND > PHIL GIBSON > MARLENE STRAWSON CHIEF EXECUTIVE CHIEF MARKETING OFFICER CHIEF FINANCIAL OFFICER GENERAL MANAGER SUSTAINABILITY GENERAL MANAGER PORTFOLIO GENERAL MANAGER PEOPLE & PERFORMANCE > New
Slide 12: Board of Directors
BOARD OF DIRECTORS. For personal use only PRUE FLACKS HANNAH HAMLING ANDY LARK JAMES MILLER SCOTT ST JOHN CHAIR DIRECTOR DIRECTOR DIRECTOR DIRECTOR PATRICK STRANGE MIKE TAITOKO DENNIS BARNES KIM GORDON DIRECTOR DIRECTOR DIRECTOR FUTURE DIRECTOR . . . > Appointment of Dennis Barnes made to complement
Slide 13: ASM Resolutions
ASM RESOLUTIONS. For personal use only > Re-election of James Miller > Potential director appointments / succession 12
Slide 14: Remuneration
REMUNERATION. For personal use only > Mercury’s remuneration policy is founded on three guiding principles: > Remuneration is aligned to long-term sustainable shareholder value > Remuneration for individuals will reflect the level of performance and delivery of successful outcomes > Simplicity over
Slide 15: ESG Matters
ESG MATTERS. > Climate change strategy articulated in FY2021 Annual report and TCFD For personal use only Report > Climate change scenario analysis evolving > Actively considering climate change based targets > Successful Bond issuance under Mercury’s green financing framework > AUD200m Australian M
Slide 16: Stable capital structure
STABLE CAPITAL STRUCTURE. > Mercury’s dividend policy is to make distributions with a pay-out ratio of 70-85% of Free Cash Flow on average through time For personal use only subject to: • Consideration of the Company’s working capital requirements and medium-term asset investment programme; • Mainta
Slide 17: For personal use only
For personal use only 16