Meridian Energy Limited · NZX:MEL
Meridian Energy — Macquarie Australia Conference 2023
13 slides from Meridian Energy's conference presentation, May 2, 2023
Slide 1: Macquarie Australia conference presentation release
Release Stock Exchange Listings NZX (MEL) ASX (MEZ) Macquarie Australia conference presentation 2 May 2023 Attached is a presentation Meridian Energy is making at this week’s Macquarie Australia conference. For personal use only ENDS Neal Barclay Chief Executive Meridian Energy Limited For investor
Slide 2: Macquarie Australia Conference Presentation
For personal use only Macquarie Australia Conference Presentation 2 MAY 2023
Slide 3: Today
Today § Transition in the New Zealand electricity system For personal use only § New Zealand Government’s climate change work programme § The future electrification opportunity and the challenges § Meridian Energy 2 MAY 2023 2023 MACQUARIE CONFERENCE PRESENTATION 2
Slide 4: Transition in the New Zealand electricity system
Transition in the New Zealand electricity system § Decarbonisation of the economy will require Generation by fuel type significant electrification TWh dry swing Hydro For personal use only 12 § Moving to a near fully renewable electricity system will require dry year risk solutions 10 Coal § Demand
Slide 5: Southern Green Hydrogen
Southern Green Hydrogen § Large-scale green hydrogen in the lower South Island For personal use only § Moved into a development stage with Woodside Energy and Mitsui § Meridian has a 40% holding option for itself and iwi § Targeting to produce 500,000 tonnes of green ammonia per year § Facility coul
Slide 6: Climate Change Response (Zero Carbon) Amendment Act
Climate Change Response (Zero Carbon) Amendment Act § Established a new, independent Climate Change Commission For personal use only § Sets a new domestic greenhouse gas emissions reduction target § Establishes a system of emissions budgets § Requires the Government to develop and implement policies
Slide 7: Emissions Reduction Plan
Emissions Reduction Plan § Requires additional emissions reductions in Average annual emissions 2022-2025 Mt CO2-e Agriculture Non agriculture Total For personal use only 100 Emissions Reduction Plan § Targets transport and energy emissions 90 79.5 79.5 80 § Is supported by $2.9B of funding from the
Slide 8: The electrification opportunity
The electrification opportunity Annual demand for generation TWh history range of future growth 70 $30+ For personal use only 65 billion of new 60 generation investment 55 50 45 40 35 30 1997 2000 2003 2006 2009 2012 2015 2018 2021 2024 2027 2030 2033 2036 2039 2042 2045 2048 Financial Year ended 30
Slide 9: The challenges
The challenges § Government price settings on the ETS NZU spot price and ETS settings $/tCO2e materially lag the Climate Change 250 For personal use only Commission's recommendations § Resource management legislative reforms 200 risk unintended consequences § Driving too early towards a 100% renewab
Slide 10: Building Meridian's development pipeline
Building Meridian’s development pipeline § Deep pipeline of 4.7 GW (11.1 TWh) of development options § 1.5 GW secured, 3.2 GW in advanced prospects For personal use only 2 MAY 2023 2023 MACQUARIE CONFERENCE PRESENTATION 9
Slide 11: Evolving Meridian's customer approach
Evolving Meridian’s customer approach Retail sales volume § From growth GWh 10,000 8,941 56% For personal use only 8,000 8,405 growth 7,376 in 5 6,000 years 5,981 6,240 5,727 4,000 2017 2018 2019 2020 2021 2022 Financial Year ended 30 June Source: Meridian § To energy solutions 2 MAY 2023 2023 MACQU
Slide 12: Why Meridian?
Why Meridian? High quality investment For personal use only quality, high free progressive balance strong deep scale assets cash flow ordinary sheet growth renewable dividend headroom outlook development pipeline H2 Renewable energy generation Customer decarbonisation New markets Building on our exi
Slide 13: Disclaimer
Disclaimer The information in this presentation was prepared by Meridian This presentation contains a number of non-GAAP financial Energy with due care and attention. However, the information is measures, including Energy Margin, EBITDAF, Underlying NPAT and supplied in summary form and is therefore
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