Slide 1: Annual Meeting
Annual Meeting 26 SEPTEMBER 2024
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward-looking statements often include words such as "anticipates", "estimates", "expects", "intends", "plans", "believes“ and similar words in connection with discussions of future operating or financial performance. The forward-lo
Slide 3: Doug McKay, Chair
Doug McKay Chair 3
Slide 4: Agenda
Agenda • Instructions for voting and asking questions • Ordinary business • Chair’s address • Group chief executive’s address • Election and re-election of directors • Appointment and remuneration of auditor • General business and shareholder questions • Final chance for voting • Meeting closes 4
Slide 5: Asking questions
Asking questions Questions may be asked at the relevant time during the meeting. Two questions only per person. The chair, CEO and staff will be available after the meeting for other questions. Online questions can be submitted at any time. 5
Slide 6: Voting
Voting You may mark your voting paper at any time. A team member from Computershare will collect the voting forms at the conclusion of the meeting. The Chair will indicate the final opportunity for voting before the papers are collected. Online voting can be changed at any time, until voting closes.
Slide 7: Voting is open
Voting is open 843 shareholders, holding a total of more than 846,276,181 shares, have appointed proxies. Doug McKay, in his capacity as Chair and in his own name, holds proxies for 371 shareholders, representing 841,607,949 shares. Included in these proxies are 751,000,000 shares held by Entrust, o
Slide 8: Strong performance
Strong performance Adjusted EBITDA ($M) NPAT ($M) +93 -60 +36 +11 -1 365 320 -25 +7 -26 +45 -56 102 80 FY23 Regulated Gas Corporate FY24 FY24 FY23 Amortisation Depreciation Net Interest Associates Impairment Other Tax & Adj. EBITDA Contributions Share of Networks Trading and Other* Capital and *Corp
Slide 9: Dividend
Dividend Dividend (cents per share) 24.00 22.25 1.75 5.50 16.25 16.50 16.50 16.75 16.75 15.50 15.75 16.00 15.00 15.25 14.00 14.25 14.50 13.00 8.00 8.25 8.25 8.50 8.50 8.50 8.00 8.00 7.75 7.75 8.00 7.50 7.50 7.50 9.25 7.50 7.50 7.75 8.00 8.25 8.25 8.25 8.25 8.25 8.25 6.50 6.75 7.00 7.25 FY10 FY11 FY1
Slide 10: Simon Mackenzie, Group chief executive
Simon Mackenzie Group chief executive 10
Slide 11: Commerce Commission New Zealand
COMMISSION yD NEW ZEALAND Te Komihana Tauhokohoko Cc COMMERCE
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Slide 13: Electricity assets in high and extreme fire risk areas
Electricity assets in high and extreme fire risk areas, before mapping against customer impact 13
Slide 14: Innovation
Innovation BLUE CURRENT
Slide 15: Bluecurrent
Bluecurrent Profit or Loss Statement (p57) Vector’s 50% equity accounted share of Bluecurrent’s FY24 net loss was Share of net profit in $24.9m. This is shown in the profit or joint ventures loss statement. Cash Flow Statement (p60) Vector received $30.6m in cash distributions from Bluecurrent in FY
Slide 16: EV uptake
EV uptake EVs are not evenly spread. Example: Suburb 1: 1,187 (highest) Suburb 2: 45 (lowest) There are now more than 150 households in Auckland with two EVs. 16
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Slide 18: Doug McKay, Chair
Doug McKay Chair 18
Slide 19: Questions on chair and CEO report and financial statements
Questions on chair and CEO report and financial statements 19
Slide 20: Election and re-election of directors
Election and re-election of directors 20
Slide 21: Bruce Turner, Director
Bruce Turner Director 21
Slide 22: Re-election of Bruce Turner
Re-election of Bruce Turner Proxy voting Votes For 833,962,171 Against 7,502,052 Discretionary 4,816,897 Abstain 24,723 22
Slide 23: Anne Urlwin, Director
Anne Urlwin Director 23
Slide 24: Re-election of Anne Urlwin
Re-election of Anne Urlwin Proxy voting Votes For 836,722,398 Against 4,737,800 Discretionary 4,821,338 Abstain 24,307 24
Slide 25: Appointment and remuneration of auditor
Appointment and remuneration of auditor 25
Slide 26: Appointment and remuneration of auditor
Appointment and remuneration of auditor Proxy voting Votes For 840,924,358 Against 455,927 Discretionary 4,915,894 Abstain 9,664 26
Slide 27: General business and Q&A
General business and Q&A rv] vector
Slide 28: Final chance for voting
Final chance for voting Vi) vector
Slide 29: Thank you
Thank you Vi) vector