Slide 1: Meridian Energy Limited Investor Presentation release
Release For personal use only Stock Exchange Listings NZX (MEL) ASX (MEZ) Meridian Energy Limited Investor Presentation 7 September 2022 Attached is a presentation Meridian Energy will be making to investors during September 2022. ENDS Neal Barclay Chief Executive Meridian Energy Limited For investo
Slide 2: 2022 Investor Presentation
For personal use only 2022 Investor Presentation SEPTEMBER 2022
Slide 3: Total shareholder return
Meridian Energy Total shareholder return1 For personal use only 80% Meridian TSR NZX50 Index 60% 60% 40% 36% Harapaki (construction) 33% 20% 19% 20% 15% 10% 12% 0% -8% -20% 2014 2015 2016 2017 2018 2019 2020 2021 2022 Twizel Financial Year ended 30 June Source: Meridian, Refinitiv 1 share price chan
Slide 4: Meridian Energy
Meridian Energy For personal use only S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 3
Slide 5: Climate Action Plan
Climate Action Plan = Our Meridian’s purpose of Clean energy for a fairer and healthier world 5 eee is at the centre of everything we do on our journey to net zero. (@) Our Our energy . . de Wind. Water. Sun. fe are continuing development Gp) business generation is from eee ae eat eee S 100% renewab
Slide 6: Harapaki wind farm – Hawkes Bay
Harapaki wind farm – Hawkes Bay For personal use only $448m capital costs To power the equivalent of 70,000 homes Local iwi are integral part of our team Sustainability focus to design out emissions S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 5
Slide 7: The renewable growth challenge
The renewable growth challenge Annual market demand for generation TWh For personal use only 70 65 60 55 20 in 28 50 45 40 35 history range of future growth 30 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 2041 2043 2045 2047 2049 Finan
Slide 8: Meridian's renewable development pipeline
Meridian’s renewable development pipeline Deep pipeline of 2.3 GW (5.4 TWh) of development options For personal use only 1.1 GW secured, 1.2 GW in advanced prospects, further battery site acquired North Island focus, flexibility on South Island options maintained S E PTEMB ER 2 0 2 2 2 0 2 2 I
Slide 9: Green hydrogen
Green hydrogen For personal use only final final responses commercial investment and development decision selection late 2022 2023-2024 late 2024 S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 8
Slide 10: Evolving our customer approach
Evolving our customer approach From sales growth For personal use only Mass market and corporate sales volumes GWh 8,000 7,000 50% growth in 3 6,000 years 5,000 4,000 2018 2019 2020 2021 2022 Financial Year ended 30 June Source: Meridian S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 9
Slide 11: Evolving our customer approach
Evolving our customer approach To energy solutions that enable customers to decarbonise For personal use only S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 10
Slide 12: Half by 30
Half by 30 Goal to halve our 2021 operational emissions Progress against our Half by 30 goal For personal use only tCO2e land transport farms fugitive emissions by 2030 40,000 air travel ferry other (scope 3) An approved science-based target reduction target Today all Meridian’s operational em
Slide 13: Forever forests
Forever forests Creating a carbon sink by planting 1.5 million For personal use only trees Will offset the emissions we can’t remove through Half by 30 A mixed planting model of natives and exotics To act as an effective carbon sink and leave a native forest legacy S E PTEMB ER 2 0 2 2 2 0 2
Slide 14: Why Meridian? Leading sustainability performance
Why Meridian? Leading sustainability performance For personal use only Green Greenhouse Gas Finance Emissions Framework Inventory Report S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 13
Slide 15: Why Meridian? High quality investment
Why Meridian? High quality investment For personal use only quality, scale high free cash progressive balance sheet strong growth deep assets flow ordinary headroom outlook renewable dividend development pipeline S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 14
Slide 16: Questions
Questions For personal use only S EP T EM B ER 2 0 2 2 2 0 2 2 I N V EST O R P R ES EN T A T I ON 15
Slide 17: Disclaimer
Disclaimer The information in this presentation was prepared by Meridian Energy with they are not defined by GAAP or IFRS, Meridian's calculation of these due care and attention. However, the information is supplied in summary measures may differ from similarly titled measures presented by other For