Mercury Nz Ltd. · NZX:MCY
Mercury Nz — Non-Deal Roadshow (March 2021)
19 slides from Mercury Nz's roadshow presentation, Mar 22, 2021
Slide 1: Governance Roadshow Presentation – March 2021
STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY) For personal use only Governance Roadshow Presentation – March 2021 22 March 2021 Mercury will present a series of investor meetings during March 2021. The presentation materials are attached. ENDS Howard Thomas General Counsel and Company Secretary Mer
Slide 2: Governance Roadshow
_ MERCURY. GOVERNANCE ROADSHOW For personal u PRUEFLACKS = = =| ~—_ JAMES MILLER Char si sO iret Mercury
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 and the verbal or written comments of any person presenting it. Information in this presentation has been prepared by the
Slide 4: For personal use only
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Slide 5: Our Purpose, Our Direction
g OUR PURPOSE fello) OUR DIRECTION. OUR MISSION TO INSPIRE NEW ZEALANDERS TO ENJOY ENERGY IN MORE WONDERFUL WAYS. COMMERCIAL ACHIEVING OUR COMMERCIAL GOALS THROUGH SUSTAINABLE GROWTH \ AK (CHANGING ENVIRONMENT. bt wy wy CUSTOMER INSPIRING, REWARDING AND MAKING & © ee ro} ra g Sw g ITEASIER FOR OUR C
Slide 6: Key Performance Indicators
KEY PERFORMANCE INDICATORS. (versus previous half-year periods / 6-monthly rolling unless indicated) & Mercury brand 190 69 2 61% Net promoter score Brand Strength EG & trader churn ~ 19.02 a 693 — g CCC Draft Report Commitment to 3 B supportive of v vehicle emissions v 2 electrification standards 3
Slide 7: HY2021 Highlights
HY2021 HIGHLIGHTS. ELEVATED PRICES PERSIST FOCUS ON CUSTOMER VALUE Wholesale market prices remain Mercury pursuing value with elevated reflecting continued gas changing sales composition leading deliverability constraints and future to increased yields; reduced demand firming with NZAS decision, acq
Slide 8: Mercury's Long Term Track Record
MERCURY'S LONG TERM TRACK RECORD. EBITDAF OPEX! © Operating expenditure = One-off Costs DIVIDENDS? ™ Special dividends 600 600 25 = Final dividend @ 20 Interim dividend 5 400 400 2). | | E E Flat from FY2014 3 * 200 * 500 ra ail £ oi 8 0 0 Sse2ee 2S Eweoge BS e<eexre eseEREaeS Beez eeeER Ee QE PRRRE
Slide 9: Leadership Team
LEADERSHIP TEAM. > VINCE HAWKSWORTH > JULIA JACK > WILLIAM MEEK > PHIL GIBSON. > MARLENE STRAWSON CHIEF EXECUTIVE CHIEF MARKETING OFFICER CHIEF FINANCIAL OFFICER GENERAL MANAGER PORTFOLIO. GENERAL MANAGER PEOPLE & PERFORMANCE > New roles established and recruitment process underway: > General Manage
Slide 10: Director Business
DIRECTOR BUSINESS. >Board Composition and Director Rotation > Directors’ Fees >M&A > Sustainability
Slide 11: Board Composition
BOARD COMPOSITION. > Appointment of Hannah Hamling made to complement Board's collective capabilities > Keith Smith retiring by rotation at 2021 ASM > Currently determining our next future director under the Institute of Directors Future Directors Programme 10 2 > PRUE FLACKS CHAIR a > ANDY LARK DIR
Slide 12: Directors' Fees
DIRECTORS’ FEES. js Fees Paid - - =Total Fee Pool 1,200 Directors! fees last reviewed in 2015, increase implemented over two years 1,000 800 600 $000s 400 200 2015 2016 2017 2018 2019 2020 Financial Year op
Slide 13: Mercury's Tilt Journey
MERCURY'S TILT JOURNEY. $8 $7 Tilt Share Price (NZ$ per share)” oS g G rd a it £ 12 Joint takeover offer taking Infratil shareholding to >65% (inclusive of exercise of option) Acquires initial stake of $144m ($2.30 per share) Option to acquire a further 6.8% Tilt Share Price (NZ$ per share) to 12 Ma
Slide 14: Tilt New Zealand Operations
TILT NEW ZEALAND OPERATIONS. OPERATING ASSETS Asset Commissioned Capacity Average Capacity Generation | Factor Tararua| & Il | Stage |: 1999 68MW 245GWh 41% Stage Il: 2004 Tararua Ill 2007 93MW 318GWh 39% Mahinerangi | 2011 36MW 101GWh 32% Waipipi 2021 133MW 455GWh 39% Total 330MW 1,119GWh 39% DEVEL
Slide 15: For personal use only
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Slide 16: For personal use only
For personal use only
Slide 17: Remuneration
REMUNERATION. > 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 complexity will be ref
Slide 18: For personal use only
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Slide 19: For Further Information
For personal use only FOR FURTHER INFORMATION > TIM THOMPSON | HEAD OF TREASURY & INVESTOR RELATIONS T. +64 275 173 470 E. INVESTOR@MERCURY.CO.NZ