Investor Presentaiton
PRIVATE STORAGE
Additional private storage capacity has now been contracted
Contracted private storage capacity totals c. 100 ML - in addition to c.180 ML of shared terminal capacity
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Private storage provides customers with freight cost optimisation benefits as a result of increased product supply scale and
flexibility
In November 2021, contracted private storage required an initial capital commitment of c.$30 million for incremental revenue
of c.$50 million (real) over a 10-year term
Additional capacity commitments have now been confirmed
Total private storage capacity now contracted:
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Estimated capital cost of c.$45-50 million - fully funded by December 2021 equity raise of $47 million
Incremental revenue of c.$90 million (real) over a 10-year initial term
Fixed rental agreements subject to annual PPI-based indexation
Capacity will be progressively commissioned from commencement of terminal operations through to mid-2023
Government announcement in January proposing inventory stockholding fuel security measures
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Public consultation on the proposed Policy is currently underway
Initial opportunity assessment based on draft policy indicates potential for an additional 50-70 ML of private storage at
Marsden Point
REFINING NZ
2021 ANNUAL RESULTS
PRESENTATION
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