Contact Energy Limited · NZX:CEN
Contact Energy — Non-Deal Roadshow (October 2026)
24 slides from Contact Energy's roadshow presentation, Oct 21, 2026
Slide 1: International investor roadshow
Contact Energy International investor roadshow October / November 2026 1 Image: Tauhara Geothermal Power Station
Slide 2: Disclaimer and important information
Disclaimer and important information While all reasonable care has been taken in compiling this presentation, neither Contact Such financial information and financial measures (including EBITDAF, free cash flow and nor any of its directors, employees, shareholders nor any other person gives any oper
Slide 3: Contact Energy is one of New Zealand's most significant companies
Contact Energy is one of New Zealand’s most significant companies Resilient, highly renewable Positioned to capture NZ CEN:NZX/ASX generation portfolio electricity market opportunity • Generation 98% renewable in FY26 (up from 81% • Deep relationships with industrial customers that in FY21). are ele
Slide 4: We own, operate and develop low-cost, long-life renewable generation and storage assets
We own operate and develop low-cost, long-life renewable generation and storage assets, meeting the evolving needs of our customers 12TWh 3 mean thermal generation1 7 1 peaking stations ~98% renewable geothermal battery stations 26 1 + 1 under + 1 under hydro solar farm construction construction sch
Slide 5: Leading New Zealand's renewable energy future
Leading New Zealand’s renewable energy future Strategic pillars Lead on new flexibility in NZ Build into new demand Extend our advantage as Accelerate batteries, build advantage in with wind and solar Lead the energy NZ’s geothermal leader hydro flex and maintain gas flex, Deliver lowest-cost divers
Slide 6: Our renewable investment programme continues
Our renewable investment programme continues Current projects under construction represent ~$1.3b of investment1, ~0.5TWh of net new generation Under construction: Glorit • Financial close reached in Solar June 2026. Glorit 150MWac / 287GWh p.a. • Early works underway. Target online Q4 CY28 • Notice
Slide 7: We are advancing 4TWh+ of priority development options
We are advancing 4TWh+ of priority development options to meet new demand opportunities And can draw additional projects from our 11TWh+ total pipeline to meet acceleration in customer needs Contact31+ priority Tauhara 2 Total uncommitted generation pipeline of 11TWh+, 50 – 70MW | 415 – 580GWh devel
Slide 8: A pathway is in place for NZAS to act as long-term customer
A pathway is in place for NZAS to act as long-term customer underpinning our 1TWh+ Southland Wind Farm Contact is advancing strategic partner identification and targeting mid-2027 for Final Investment Decision Project updates Consent approved April 2026. Specialised infrastructure advisor, Mafic, ap
Slide 9: The impacts of the energy transition are apparent in the NZ electricity market
The impacts of the energy transition are apparent in the New Zealand electricity market Gas supply is declining New demand is The electricity market is Pricing volatility and seasonal rapidly emerging increasingly renewable spread have increased Domestic gas production has Since 2021 (last 5 years)
Slide 10: Demand for new electricity is expected to be driven by electrification and digitalisation
Demand for new electricity is expected to be driven by electrification and digitalisation Electricity demand scenarios, TWh Peak electricity demand, MW, annual peak half hour 8,500 65 Growth in peak electricity 60 61 TWh demand has been driven MBIE’s scenarios range 8,000 primarily by residential us
Slide 11: The nature of the data centre growth opportunity in New Zealand has evolved
The nature of the data centre growth opportunity in New Zealand has evolved With lower sensitivity to latency for AI workloads, and a growing fibre network, New Zealand is well positioned to capture a share of global data centre growth AI is changing the scale, location and scope of data centres New
Slide 12: New Zealand is an internationally competitive location for large-scale data centres
New Zealand is an internationally competitive location for large-scale data centres hosting AI workloads Investment drivers Key components New Zealand’s competitive position (BCG analysis) Grid connection ^ 1–3 years for grid connection vs 2–5+ years for other developed countries Rapid speed Permitt
Slide 13: Data centre expansion in NZ underpinned by additionality and sustainable development
The potential for data centre expansion in NZ would be underpinned by additionality and sustainable development Large scale data centre demand would unlock new renewable development from extensive pipelines in the NZ market New Zealand data centre market, with future export scenarios, 2020-2035 Key
Slide 14: We have partnered with CDC to explore data centre development at Stratford
We have partnered with CDC to explore data centre development at our highly strategic Stratford site Following the March 2026 closure of the TCC gas plant, we are taking steps to leverage the unique combination of grid capacity, scalable land, renewable development options and diverse fibre connecti
Slide 15: Our capital allocation framework is resilient and accretive
Our capital allocation framework is resilient and accretive Capital allocation priorities Fund core Preserve financial Deliver dividends Invest for growth operations strength from cash flows and transition BAU sustaining Maintain BBB credit rating; Net Payout 80–100% rolling four-year Allocate to pr
Slide 16: Appendix 1: Supporting information, New Zealand electricity sector
Appendix 1 Supporting information, New Zealand electricity sector 16
Slide 17: NZ's electricity market comprises competitive generation and retailing supported by regulated distribution
NZ’s electricity market comprises competitive generation and retailing supported by regulated distribution Rising regulated pass-through costs for transmission and distribution make up a large portion of the customer bill Competitive Regulated monopolies Competitive Spot 4 electricity pool 1 29 8 2.
Slide 18: New Zealand's electricity supply is highly renewable
New Zealand’s electricity supply is highly renewable Stored energy reserves, including gas and coal, remain important sources of system resilience in dry periods Generation share by technology1, % Average controlled hydro lake storage volumes, GWh Solar Gas Wind Coal 3,700 9% 6% Total 1% 1% 3,600 41
Slide 19: The market has adapted for the energy transition
The market has adapted for the energy transition Sector investment, customer innovation and market settings have all advanced as New Zealand has progressed through the energy transition Investing at Managing fuel Enhancing Innovating for Supporting pace in security and dry market industrial and ener
Slide 20: Appendix 2: Supporting information, Contact Energy
Appendix 2 Supporting information, Contact Energy 20
Slide 21: Our integrated portfolio performance is underpinned by long-term sales channels and low-cost renewables
Our integrated portfolio performance is underpinned by long-term sales channels and low-cost renewables Operating earnings (EBITDAF) 1 Electricity sales Continuing operations, $M (i) Long-term channels (ii) Market channels 1,011 7.58 186 Price 136 ($/MWh) 127 132 106 115 155 774 150 EBITDAF1 Price 1
Slide 22: With the Stratford data centre online, strategic fixed price channel volume and price would increase
With the Stratford data centre online, volume and price of Contact’s strategic fixed price channel would both increase ASX futures prices, Otahuhu, FY27 to FY311 Pricing linkage Channel net Channels to market, TWh Contact31+ expectations by channel price, FY26 170 174 Volume Net price 163 171 11.5 1
Slide 23: Our operating assets are diversified both geographically and by technology
Our operating assets are diversified both geographically and by technology Operational generation assets across New Zealand, capacity, MW1 Wairakei - 138MW Hydro stations Bream Bay 8MW Te Mihi 1 & 2 - 166MW Poihipi - 53MW Geothermal stations Ohaaki - 41MW Cobb River 36MW Battery Energy Storage Syste
Slide 24: High-priority Contact31+ development options
We have an attractive and diversified pipeline of development options Combined solar and wind pipeline Capacity Estimated Project status Expected options of ~10TWh Project Technology (MW / output online date Land Consent Under MWac)1,2 (GWh) Consented secured lodged construction Solar options Te Mih