Meridian Energy Limited · NZX:MEL
Meridian Energy — Non-Deal Roadshow (October 2024)
18 slides from Meridian Energy's roadshow presentation, Oct 21, 2024
Slide 1: Corporate Governance Presentation
Release Stock Exchange Listings NZX (MEL) ASX (MEZ) Corporate Governance Presentation 21 October 2024 Attached is a Meridian Energy Limited corporate governance presentation the company’s directors are making this week. For personal use only ENDS Neal Barclay Chief Executive Meridian Energy Limited
Slide 2: 2024 Governance Roadshow
MERIDIAN ENERGY LIMITED 21 October 2024 2024 For personal use only Governance Roadshow
Slide 3: Meridian Board
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 2 1Safety and Sustainability Committee Meridian Board 2Cyber Security Committee 3Audit and Risk Committee 4People, Remuneration and Culture Committee Nagaja Sanatkumar Julia Hoare Michelle Henderson S&S1 and Cyber2 A&R3 Committee Chair 5 years
Slide 4: Director skills matrix
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 3 Director skills matrix Mark Verbiest Julia Hoare Michelle Nagaja Taina Simpson Graham David Carter Skills and experience Henderson Sanatkumar Cockroft For personal use only Broad commercial expertise across different industries Capital marke
Slide 5: Director fees
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 4 Director fees Total annual director fee pool of $1,199,000 was approved at the 2021 Annual Shareholder Meeting. For personal use only In FY24 the Board sought and considered independent advice from Propero Consulting, who recommended increas
Slide 6: Board diversity
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 5 Board diversity Targets For personal use only The Board has a minimum of 30% of its directors being persons who self identify as male and 30% of its directors being persons who self identify as female. The Board has at least one director wit
Slide 7: New Zealand gas production
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 6 New Zealand gas production New Zealand’s energy sector PJ 300 actual forecast 250 For personal use only 200 150 Successive years of declining gas 100 production and reserves estimates. 50 Dry and calm conditions saw hydro storage 0 2000 2003
Slide 8: Policy and regulation
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 7 Policy and regulation Annual NZ Demand for Generation For personal use only By 2050 New Zealand will require around GWh $30 billion of investment in new 75,000 renewable generation. 70,000 high Consenting under the current Resource 65,000 Ma
Slide 9: For personal use only
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 8 For personal use only
Slide 10: For personal use only
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 9 For personal use only
Slide 11: Risk management
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 10 Risk management Material Risk Climate Related Disclosure Link For personal use only Physical Risk 1: Changing seasonal weather Meridian operates an active programme to ensure Adverse Hydrological conditions patterns increases hydro inflow v
Slide 12: Meridian Executive
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 11 Meridian Executive Jason Woolley Neal Barclay Tania Palmer Chris Ewers Jason Stein General Counsel and Chief Executive General Manager General Manager Chief People Officer For personal use only Company Secretary Generation Wholesale Lisa Ha
Slide 13: Employee remuneration
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 12 Employee remuneration Fixed remuneration Variable pay For personal use only Short-term incentive (STI) Long-term incentive (LTI) Base salary and matched KiwiSaver contributions of up to In FY24 the Chief Executive had an STI opportunity of
Slide 14: Chief Executive remuneration
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 13 Chief Executive remuneration For personal use only
Slide 15: Chief Executive remuneration
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 14 Chief Executive remuneration For personal use only
Slide 16: Chief Executive remuneration - STI
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 15 Chief Executive remuneration - STI For personal use only
Slide 17: Chief Executive remuneration - LTI
2024 GOVERNANCE ROADHSOW 21 October 2024 MERIDIAN ENERGY 16 Chief Executive remuneration - LTI For personal use only
Slide 18: Disclaimer
2024 GOVERNANCE ROADSHOW 21 October 2024 MERIDIAN ENERGY 17 Disclaimer The information in this presentation was prepared by Meridian Energy with companies and they should not be considered in isolation from, or construed For personal use only due care and attention. However, the information is suppl