UBS Conference Dennis Barnes Chief Executive Officer 19 June 2014
3 February 2014
Business set up to deliver stable cashflows 4 Focus on efficiency and lower capital expenditure will increase free cashflow Second largest gas and electricity Flexible portfolio allows management of retailer in New Zealand variable…
Current capital investment programme has come 5 to an end Te Mihi Power Station commissioned Retail transformation live 166MW geothermal power station SAP go-live in the retail business April 2014 commissioned May 2014 Completes the…
Methanol linked gas prices and a lack of long-term 6 gas certainty have supported a transition from gas generation to geothermal and wind Sources of gas demand 1 New Zealand non-hydro energy supply 2 250 (based on GWh of…
Gas production has remained stable, despite 7 extensive exploration, with no major gas discoveries for many years 1 Gas production by field Years of remaining reserves (P50) 1 16 200 180 14 Other 160 12 Mangahewa 140 Kupe…
Thermal generation remains critical to supporting 8 wind and hydro volatility Contact has retained options to maximise the value of future gas contracts, with decisions driven by the market value of capacity Contact remains without…
A stable regulatory environment is important 9 given the long-term nature of our business Labour-Green proposed reforms New Zealand election to be held 20 September 2014 Opposition policies include a proposal to remove the…
Summary 10 Current capital and refinancing programme complete Strong operational focus continues Competitive advantage in investment in fuel and plant flexibility and enterprise wide systems Tauhara next most competitive…
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