Slide 1: Annual Shareholder Meeting 2018
ANNUAL SHAREHOLDER MEETING Insert new artwork EDEN PARK 2018 12 November2018
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: Michael Stiassny, Chairman
MICHAEL STIASSNY CHAIRMAN Vector VW
Slide 4: Agenda
AGENDA • Ordinary business • Group Chief Executive’s Address • Resolutions and Voting • General Business • Meeting Close 4
Slide 5: Simon Mackenzie, Group Chief Executive
SIMON MACKENZIE GROUP CHIEF EXECUTIVE 5
Slide 6: Creating a New Energy Future
CREATING A NEW ENERGY FUTURE 6
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Slide 8: Overview of Financial Performance
OVERVIEW OF FINANCIAL PERFORMANCE 1,328.4 1,226.7 FY17 FY18 474.4 470.1 367.4 381.2 389.9 335.7 168.9 149.8 159.3 162.1 Revenue Adjusted EBITDA 3, 4 Capital Expenditure Net Profit Operating Cash Flow Full Year Dividend +8.3% -0.9% +3.8% -11.3% +16.1% +1.8% 8 Adjusted EBITDA is not a GAAP measure of
Slide 9: FY2018 Operational Snapshot
FY2018 OPERATIONAL SNAPSHOT Continuing to support Auckland Metering growth continues Solid performance from Gas growth • Deployed 85k advanced meters Trading • New electricity & gas connections in NZ to effectively complete NZ • Volumes up across all business up 13% to 14,300 mass market deployment
Slide 10: Impact of April 10 Storm
10 Number of Customers Impacted 50000 100000 125000 250000 25000 200000 225000 175000 75000 0 150000 1:00 4:00 7:00 10:00 13:00 16:00 10/04/2018 19:00 22:00 1:00 4:00 7:00 10:00 13:00 16:00 11/04/2018 19:00 22:00 1:00 4:00 7:00 10:00 IMPACT OF APRIL 10 STORM 13:00 16:00 12/04/2018 HV_Customers_Affec
Slide 11: Estimated Cost to Underground the Vector Network
ESTIMATED COST TO UNDERGROUND THE VECTOR NETWORK Cost for urban Auckland Cost for rural Auckland $3.6B $1.9B or or Additional $870 lines charges pa (i.e. more than doubles) for the average customer + Additional $460 lines charges pa for the average customer compared to 700$/year compared to 700$/yea
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Slide 13: Michael Stiassny, Chairman
MICHAEL STIASSNY CHAIRMAN 13
Slide 14: Ordinary Business
ORDINARY BUSINESS 14
Slide 15: Re-election of Dame Alison Paterson
Re-election of DAME ALISON PATERSON 15
Slide 16: Re-election of Dame Alison Paterson
Re-election of DAME ALISON PATERSON Proxy voting Votes For 807,288,190 Against 668,592 Discretionary 2,139,265 Abstain 62,449 16
Slide 17: Appointment and Remuneration of Auditor
Appointment and Remuneration of Auditor 17
Slide 18: Appointment and Remuneration of Auditor
Appointment and Remuneration of Auditor Proxy voting Votes For 807,714,494 Against 181,753 Discretionary 2,172,781 Abstain 89,468 18
Slide 19: Resolutions Proposed by Entrust
RESOLUTIONS PROPOSED BY ENTRUST 19
Slide 20: Election of Michael Buczkowski
Election of MICHAEL BUCZKOWSKI 20
Slide 21: Election of Michael Buczkowski
Election of MICHAEL BUCZKOWSKI Proxy voting Votes For 801,242,382 Against 878,519 Discretionary 2,724,163 Abstain 5,313,432 21
Slide 22: Voting
VOTING ‹#›
Slide 23: General Business
GENERAL BUSINESS ‹#›
Slide 24: Q&A Any Questions?
Q&A ANY QUESTIONS? vector VW
Slide 25: Thank You
THANK YOU Vector 7