Meridian Energy Limited · NZX:MEL

Meridian Energy — Investor Presentation (September 2022)

16 slides from Meridian Energy's investor presentation, September 2022

  1. Slide 1: 2022 Investor Presentation

    2022 Investor Presentation SEPTEMBER 2022

  2. Slide 2: Meridian Energy

    Meridian Energy Total shareholder return1 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 change plus gross dividend

  3. Slide 3: Meridian Energy

    Meridian Energy S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 3

  4. Slide 4: Climate Action Plan

    Climate Action Plan Our Meridian’s purpose of Clean energy for a fairer and healthier world 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 business generation is from : eee ae eat eee 100% renewable = _ sourc

  5. Slide 5: Harapaki wind farm – Hawkes Bay

    Harapaki wind farm – Hawkes Bay  $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

  6. Slide 6: The renewable growth challenge

    The renewable growth challenge Annual market demand for generation TWh 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 Financial Year ended 30 Jun

  7. Slide 7: Meridian’s renewable development pipeline

    Meridian’s renewable development pipeline  Deep pipeline of 2.3 GW (5.4 TWh) of development options  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 N V ES TOR PR E SEN T

  8. Slide 8: Green hydrogen

    Green hydrogen 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

  9. Slide 9: Evolving our customer approach

    Evolving our customer approach From sales growth 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

  10. Slide 10: Evolving our customer approach

    Evolving our customer approach To energy solutions that enable customers to decarbonise S E PTEMB ER 2 0 2 2 2 0 2 2 I N V ES TOR PR E SEN TATION 10

  11. Slide 11: Half by 30

    Half by 30  Goal to halve our 2021 operational emissions Progress against our Half by 30 goal 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 emissions are 30,000 off

  12. Slide 12: Forever forests

    Forever forests  Creating a carbon sink by planting 1.5 million 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 2 I N V ES TOR PR E S

  13. Slide 13: Why Meridian?

    Why Meridian? Leading sustainability performance 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

  14. Slide 14: Why Meridian?

    Why Meridian? High quality investment 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

  15. Slide 15: Questions

    Questions 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

  16. Slide 16: 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

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