FY2021 EBITDAF guidance revised to $520 million

FY2021 EBITDAF guidance revised to $520 million
23 February 2021 – Mercury announced today that it has revised its FY2021 EBITDAF guidance from $535 million to $520
million. This reflects an expected 100 GWh decrease in full year hydro generation to 3,800 GWh due to dry weather in the
Taupo catchment since mid-January and ASX electricity futures indicating wholesale prices will remain elevated for the
remainder of the financial year.
FY2021 stay-in-business capital expenditure guidance has also been revised from $80 million to $70 million with the deferral of
non-urgent investment.
FY2021 ordinary dividend guidance remains at 17.0 cents per share.
Guidance may change and remains subject to any material events, significant one-off expenses or other unforeseen
circumstances including changes to hydrological conditions.
ENDS
Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited
For investor relations queries, please contact:
Tim Thompson
Head of Treasury and Investor Relations
0275 173 470
For media queries, please contact:
Craig Dowling
Head of Communications
021 615 663

ABOUT MERCURY NZ LIMITED
Mercury’s mission is energy freedom. Our purpose is to inspire New Zealanders to enjoy energy in more wonderful ways and
our goal is to be New Zealand’s leading energy brand. We focus on our customers, our people, our partners and our country;
maintain a long-term view of sustainability; and promote wonderful choices. Mercury is energy made wonderful. Visit us at:
www.mercury.co.nz

STOCK EXCHANGE LISTINGS: NEW ZEALAND (MCY) / AUSTRALIA (MCY)

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