Meridian Energy Limited · NZX:MEL
Meridian Energy — Shareholder Meeting (October 2016)
31 slides from Meridian Energy's shareholder meeting presentation, Oct 28, 2016
Slide 1: Powering today, protecting tomorrow
Powering today, protecting tomorrow MERIDIAN ENERGY LIMITED Annual Shareholder Meeting
Slide 2: Order of business
28 October 2016 Order of business This meeting Last year’s minutes Your Board and Management MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 2
Slide 3: Notice of meeting
28 October 2016 Notice of meeting Chairman’s address Chief Executive’s review Questions relating to the management and operations of the company Resolutions and questions relating to the resolutions Close of the meeting Refreshments MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 3
Slide 4: Annual report
28 October 2016 Annual report MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 4
Slide 5: Chairman’s address
Chairman’s address MERIDIAN ENERGY LIMITED Annual Shareholder Meeting
Slide 6: Welcome
28 October 2016 Welcome MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 6
Slide 7: Purpose and direction
28 October 2016 Purpose and direction MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 7
Slide 8: Shareholder highlights: share price change
28 October 2016 Shareholder highlights SHARE PRICE CHANGE % 30% 23% 24% 22% 20% 8% 10% 3% 1% 0% -10% -20% -30% -40% -44% -50% Meridian Contact Mercury Genesis Trustpower AGL Origin Financial Year ended 30 June 2016 Source: Bloomberg MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 8
Slide 9: Shareholder highlights: gross dividend yield
28 October 2016 Shareholder highlights GROSS DIVIDEND YIELD % 14% 12% 12% 11% 10% 9% 8% 7% 6% 6% 6% 4% 2% 1% 0% Meridian Contact Mercury Genesis Trustpower AGL Origin Financial Year ended 30 June 2016 Source: Bloomberg MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 9
Slide 10: Industry highlights
28 October 2016 Industry highlights MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 10
Slide 11: Board governance
28 October 2016 Board governance MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 11
Slide 12: Chief Executive’s review
Chief Executive’s review MERIDIAN ENERGY LIMITED Annual Shareholder Meeting
Slide 13: Our people
28 October 2016 Our people STAFF ENGAGEMENT Index Score 85% 83% 81% 79% 77% 75% 2014 2015 2016 Source: Meridian MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 13
Slide 14: Financial highlights
28 October 2016 Financial highlights EBITDAF UNDERLYING NPAT $M $M 700 250 600 200 500 150 650 233 585 585 618 195 209 400 100 163 477 106 300 50 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Financial Year ended 30 June Source: Meridian Financial Year ended 30 June Source: Meridian MERIDIAN ENE
Slide 15: Generation
28 October 2016 Generation NEW ZEALAND GENERATION GWh 16,000 Hydro Wind 13,332 13,707 13,148 12,071 12,000 10,996 8,000 4,000 2012 2013 2014 2015 2016 Financial Year ended 30 June Source: Meridian MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 15
Slide 16: Retail sales
28 October 2016 Retail sales RETAIL SALES VOLUMES GWh 8,000 Residential, SMB, Agri Corporate 5,701 5,661 5,754 5,967 5,969 6,000 2,276 2,188 2,360 2,232 2,344 4,000 2,000 3,429 3,410 3,691 3,781 3,341 0 2012 2013 2014 2015 2016 Financial Year ended 30 June Source: Meridian MERIDIAN ENERGY LIMITED An
Slide 17: Communities
28 October 2016 Communities MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 17
Slide 18: Kākāpō recovery programme
28 October 2016 Kākāpō recovery programme MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 18
Slide 19: Toes
i. Toes
Slide 20: Kidscan
28 October 2016 Kidscan MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 20
Slide 21: Our customers
28 October 2016 Our customers MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 21
Slide 22: Innovation and growth
28 October 2016 Innovation and growth MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 22
Slide 23: Industry issues
28 October 2016 Industry issues MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 23
Slide 24: Outlook
28 October 2016 Outlook MERIDIAN ENERGY LIMITED Annual Shareholder Meeting 24
Slide 25: Questions
Questions MERIDIAN ENERGY LIMITED Annual Shareholder Meeting
Slide 26: Resolutions and voting
Resolutions and voting MERIDIAN ENERGY LIMITED Annual Shareholder Meeting
Slide 27: Resolution 1: Re-election of Jan Dawson
28 October 2016 Resolution 1: Re-election of Jan Dawson That Jan Dawson, who retires by rotation and is eligible for re-election, be re- elected as a director of the Company Postal and proxy vote totals % of securities voted For 583,347,704 30.8% Against 2,737,348 0.1% Discretionary Votes1 1,311,011
Slide 28: Resolution 2: Re-election of Chris Moller
28 October 2016 Resolution 2: Re-election of Chris Moller That Chris Moller, who retires by rotation and is eligible for re-election, be re- elected as a director of the Company Postal and proxy vote totals % of securities voted For 584,937,115 30.8% Against 1,167,943 0.1% Discretionary Votes1 1,311
Slide 29: Resolution 3: Directors Fees
28 October 2016 Resolution 3: Directors Fees That the total annual director fee pool be increased over two years by $114,000 from $986,000 to $1,100,000, with the first annual increase to be backdated to take effect from 1 July 2016 Postal and proxy vote totals % of securities voted For 1,886,707,997
Slide 30: Closing
Closing MERIDIAN ENERGY LIMITED Annual Shareholder Meeting
Slide 31: Disclaimer
28 October 2016 Disclaimer The information in this presentation was prepared by Meridian Energy with due care and attention. However, the information is supplied in summary form and is therefore not necessarily complete, and no representation is made as to the accuracy, completeness or reliability o