NOVEMBER 2022 INVESTOR ROADSHOW PRESENTATION

About Meridian 366,000 customers Meridian Asset Key Wind Farm Auckland Te Uku Hydro Station Meridian Offices Powershop Offices Total shareholder return¹ 80% 60% Harapaki 40% (construction) Mill Creek West Wind Te Āpiti 20% 20% Christchurch Ōhau A Twizel White Hill Manapouri Meridian. Masterton Wellington 0% NZX50 Index Meridian TSR 60% 36% 33% 19% 15% 12% 10% -8% -20% 2014 2015 2016 2017 2018 2019 2020 2021 2022 Ōhau B Ōhau C Financial Year ended 30 June Benmore Aviemore Waitaki 1 share price change plus gross dividend yield Source: Meridian, Refinitiv NOVEMBER 2022 INVESTOR ROADSHOW PRESENTATION 14

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