Channel Infrastructure Nz Limited · NZX:CHI
Channel Infrastructure Nz — Rapid Insights Conference 2025
14 slides from Channel Infrastructure Nz's conference presentation, Jun 25, 2025
Slide 1: Rapid Insights Conference
Rapid Insights Conference 25 June 2025 1
Slide 2: Investment Proposition
Investment Proposition Strong safety track record Ownership of critical infrastructure Long-term customer contracts Stable inflation-linked earnings and cash flows with strong balance sheet Stable and growing dividend with FY25 dividend yield of ~6%1 Infrastructure resilient through transition to li
Slide 3: Geographic Location
Geographic Location Marsden Point has direct access to the Auckland market via Channel’s 170km pipeline. The next nearest alternate Auckland fuel supply import terminal is located at Port of Tauranga, 195km from Auckland by road. The fuels pipeline from Marsden Point is the lowest-emission supply ro
Slide 4: Providing resilient infrastructure needed to support the energy transition
Providing resilient infrastructure needed to support the energy transition > 290 4
Slide 5: Long-term business underpinned by jet fuel demand
Long-term business underpinned by jet fuel demand Marsden Point Throughput Outlook (Million Litres)1 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2060 Jet Diesel Petro
Slide 6: Drivers of demand
Drivers of demand Auckland Airport International Flight Movements1 New Zealand Light Vehicle Fleet2 6,000 160 35k 140 4,000k 5,000 30k 120 25k EV new registrations 4,000 3,000k (RHS) 100 20k 3,000 80 2,000k 15k 60 2,000 10k 40 1,000k 1,000 20 5k - - - - Aug-19 Aug-20 Aug-21 Feb-23 Aug-22 Aug-23 Feb-
Slide 7: Contracted Revenue Outlook
Contracted Revenue Outlook $M1 ~50% of Channel’s current revenue is fixed and independent of fuel volume throughput. All contracted revenue is indexed to PPI. 160 140 120 100 80 52% 52% 51% 49% Fixed revenue % 48% 47% 47% 47% 47% of total revenue 60 40 Contracted Fixed Revenue 20 0 2024 2025 2026 20
Slide 8: Financial Highlights – Continuing Operations
Financial Highlights – Continuing Operations Total Revenue EBITDA Net Tangible Assets per share (Margin %) +7% +9% FY25 EBITDA expected to be $1.98 $87.2m $95.1m $89-$94 million $130.7m $139.8m (68%) $1.29 (67%) FY23 FY24 FY23 FY24 FY25 FY23 FY24 Normalised Free Cash Flow Dividends Capital Expenditu
Slide 9: Capital Allocation Framework
Capital Allocation Framework Maintenance Capex Net Cash Flow from Continuing Operations 8-10% revenue Normalised Free Cash Flow1 Dividend Policy2 To pay out 70-90% of Normalised Free Cash Flow on average over time. Deliver a stable and growing dividend. Excess Cash Flow available for Deleveraging Gr
Slide 10: Helping fuel New Zealand’s future to 2050 and beyond
Helping fuel New Zealand’s future to 2050 and beyond 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 Disciplined Capita
Slide 11: Growth opportunities
Growth opportunities There are several potential growth opportunities available to Channel Near-term growth at Marsden Point Marsden Point Energy Precinct Concept Growth outside Marsden Point Energy Precinct could help underpin New Acquisition of Other Infrastructure Supporting Fuel Resilience Zeala
Slide 12: Growth opportunities secured in 2024
Growth opportunities secured in 2024 Capital Project Scope Financial Impact Capex: $12 – 15 million Upgrade Marsden Point infrastructure Transmix1 to enable transmix to be stored and Revenue: ~$3 million per annum (pre-PPI exported. indexation) (announced 1 May 2024) Delivered December 2024 Term: 7
Slide 13: Marsden Point Energy Precinct Concept
SAF Manufacture Expansion (Phase 2) Energy Security Opportunities Future Fuels Manufacturing Opportunities Public Access (Mair Road) Transpower, Northpower Additional Storage Opportunities Lease (to Long-term Tenant) Services for SAF Manufacture Current Facility Gas/Diesel Truck Loading Facility (Le
Slide 14: 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
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