Contact Energy Limited (CEN) Q4 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.908 -- 00:00:06.132 Good morning everyone and welcome to the presentation of Contact's 00:00:06.132 -- 00:00:09.994 FY26 results. Delighted to have you all here. 00:00:09.994 -- 00:00:12.196 Put simply, 00:00:12.196 -- 00:00:15.538 FY26 was a year of delivery. 00:00:15.538 -- 00:00:20.141 We completed the acquisition of Manawa Energy and welcomed its people and the assets 00:00:20.141 -- 00:00:27.045 into Contact. We delivered renewable energy growth with renewable output up 37%. 00:00:27.442 -- 00:00:32.623 Contact was 98% renewable in this last year, up from 88% last year, and 00:00:32.623 -- 00:00:36.304 just 81% in FY21. 00:00:36.485 -- 00:00:41.746 We took strong and pragmatic steps to support security of supply and the resilience 00:00:41.746 -- 00:00:44.027 of the electricity sector. 00:00:44.027 -- 00:00:49.128 We contracted with others, the HF Island Huntley, to ensure a strategic coal 00:00:49.128 -- 00:00:53.929 reserve for dry years. We bought our first battery online at Glenbrook and confirmed 00:00:53.929 -- 00:00:56.794 our investment in the second 200 megawatts. 00:00:56.794 -- 00:01:01.597 And we secured gas to support essential community services through the all-in-government 00:01:01.597 -- 00:01:03.218 contract. 00:01:03.218 -- 00:01:06.800 Meanwhile, we continue to work closely to support our customers. 00:01:06.800 -- 00:01:12.043 This includes supplying discounted or off-heat free electricity to 00:01:12.043 -- 00:01:17.107 now around 165,000 households and supporting customers 00:01:17.107 -- 00:01:20.789 and communities most in need through the 5 million 00:01:20.789 -- 00:01:24.110 contact good initiative initiative. 00:01:24.289 -- 00:01:29.093 The FY26 results reflect this delivery across the board, with EBITDAF of $1 billi...