2021 Investor Day Presentation
Profitable growth
Being delivered through volume and margin
management
New Zealand retail sales volumes
GWh
9,000
>8,000
7,376
5,727
5,981
6,240
6,000
Improved financial performance continues despite
increased competition and pressure on retail
3,000
margins
Significant volume growth has been achieved
through targeted acquisition across both brands
Meridian most notably in the C&I segment, whilst
Powershop has grown its Residential and Small
Business market share
Strong discipline on controllable costs despite an
increasing customer base has seen a continued
reduction in operating expenditure by ICP and
MWh
0
2017
Financial Year ended 30 June
310
300
290
280
270
2018
2019
2020
2021 est
Source: Meridian
Operating Expenditure
2017
2018
Financial Year ended 30 June
2019
Opex per ICP (LHS)
2020
NETBACK $/MWH
2021 est
Opex per MWh (RHS)
15
14
13
12
11
Source: Meridian
Meridian.
92.1
FY17
93.1
FY18
.91.1
FY19
11 MAY 2021
96.2'
FY20
100.9
FY21 est
2021 INVESTOR DAY PRESENTATION
| 11View entire presentation