January 2022 Operating Report

Monthly Operating Report
January 2022

Contact Energy / Monthly Operating Report
2
»The Customer business recorded:
•Mass market electricity and gas sales of 276GWh (January
2021: 261GWh)
•Mass market netback of $105.93/MWh (January 2021:
$103.59/MWh)
»The Wholesale business recorded:
•Contracted Wholesale electricity sales, including that sold to
the Customer business, totalled 564GWh (January 2021:
574GWh)
•Electricity and steam net revenueof $83.85/MWh (January
2021: $83.37/MWh)
•Electricity generated (or acquired) of 649GWh (January 2021:
645GWh)
•The unit generation cost, which includes acquired generation
was $37.69/MWh (January 2021: $28.78/MWh)
•Own generation cost in the month of $32.88/MWh
(January 2021: $26.96MWh)
»Otahuhu futures settlement wholesale price for
the 2
nd
quarter of 2022 (ASX):
•As at 07 Feb 2022: $186/MWh
•As at 01 Jan 2022: $185/MWh
•As at 31 Dec 2021: $160/MWh
»As at 07 Feb 2022, South Island controlled
storage was 112% of mean and North Island
controlled storage was 123% of mean
•As at07 Feb 2022, total Clutha scheme
storage (including uncontrolled storage)
was 105% of mean
•Inflows into Contact’s Clutha catchment
for January 2022 were 43% of mean
(December 2021: 95%
November 2021: 87%
October 2021: 98%)
»As at1 February 2021, Contact’s contracted
gas volume (including contracted swaps) for the
next 12 months is 15.64PJ*
January overview.
For the month of January 2022
* As notified by suppliers, actual gas received is dependent on field delivery

0
50
100
150
200
CY22CY23CY24CY25
$/MWh
30/06/202131/12/202131/01/2022
0
100
200
CY22CY23CY24CY25
$/MWh
30/06/202131/12/202131/01/2022
0
500
1000
1500
2000
2500
3000
3500
4000
4500
FebMarAprMayJunJulAugSepOctNovDecJan
GWh
South Island ActualNorth Island Actual
South Island post-market meanNational post-market mean
New Zealand controlled hydro storage against mean
ASX futures settlement
Hydro storage and forward prices.
Contact Energy / Monthly Operating Report
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12 MONTHS
Otahuhu
Benmore

0%
20%
40%
60%
<$35$36-$60$61-$85$86-$110$111-$135$136-$160>$160
% of trading
periods
Jan-22Jan-21Dec-21
0%
20%
40%
60%
<$35$36-$60$61-$85$86-$110$111-$135$136-$160>$160
% of trading periods
Jan-22Jan-21Dec-21
0
50
100
150
200
250
300
$/MWh
FY21 BENFY22 BENFY21 OTAFY22 OTA
Wholesale electricity pricing
Otahuhu
Wholesale market.
Contact Energy / Monthly Operating Report
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Benmore
Distribution of wholesale market price by trading periods
Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun

5%
7%
1%
(1%)
(2%)
2%
(13%)
(32%)
(1%)
(2%)
(0%)
(9%)
5%
1%
4%
8%
(3%)
(8%)
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
JulAugSepOctNovDecJanFebMarAprMayJun
GWh
North IslandSouth Island (exc. NZAS)NZAS
Electricity demand.
Contact Energy / Monthly Operating Report
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Total national demand
Regional demand change (%) on December 2020
»New Zealand electricity demand was down 2.1% on December 2020 (down 2.9%
on December 2019):
•Cumulative 12 months demand for January 2021 to December 2021 of
41,289 GWh is up 0.3% to the prior comparative period.
Source: Contact and Electricity Authority grid demand (reconciled) http://www.emi.ea.govt.nz
FY20, 21 and 22 respectively
Regional demand is excluding NZAS
Nationwide
temperatures for
December 2021 were
17.4ºC, 1.6ºC higher
than December 2020:
15.8ºC
Information for January not yet available.

-
20
40
60
80
100
120
0
100
200
300
400
500
600
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$/MWh
GWh
Mass market electricity salesRetail gas salesNetback
-
10
20
30
40
50
60
70
80
90
100
-
100
200
300
400
500
600
700
800
900
1,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$/MWh
GWh
GeothermalHydroThermal
Acquired generationContracted electricity salesUnit generation cost (RHS)
Wholesale
Business performance.
Contact Energy / Monthly Operating Report
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Customer
Generation mix, gross sales position and unit generation cost (FY21 and 22 respectively)
Retail sales volumes and netback (FY21 and 22 respectively)

Contact Energy / Monthly Operating Report
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Operational data.
Measure
The month ended The month ended The month ended Seven months endingSeven months ending
January 22January 21December 21January 22January 21
CustomerMass market electricity salesGWh233 222 244 2,033 2,035
Retail gas salesGWh43 39 44 487 504
Mass market electricity and gas salesGWh276 261 288 2,520 2,539
Average electricity sales price$/MWh263.17 259.96 257.30 250.45 247.38
Electricity direct pass thru costs$/MWh(127.33)(121.12)(121.31)(113.99)(111.05)
Cost to serve$/MWh(20.48)(22.20)(21.34)(17.94)(18.18)
Customer netback$/MWh105.93 103.59 106.73 104.00 99.77
Energy cost$/MWh(92.66)(80.57)(86.34)(96.18)(85.73)
Actual electricity line losses%6%7%6%7%7%
Retail gas salesPJ0.2 0.1 0.2 1.8 1.8
Electricity ICPs#423,500 403,500 422,000 416,500 408,500
Gas ICPs#68,500 64,000 68,000 67,500 64,500
Broadband connections#64,000 40,000 62,000 58,500 34,000
WholesaleElectricity sales to Customer businessGWh249 237 261 2,177 2,197
Electricity sales to Commercial and IndustrialGWh116 167 126 834 1,149
Electricity CFD salesGWh199 169 257 1,852 1,367
Contracted electricity salesGWh564 574 644 4,864 4,712
Steam salesGWh45 52 53 406 442
Total electricity and steam net revenue$/MWh83.85 83.37 83.30 98.72 83.92
C&I netback (at the ICP)$/MWh84.69 82.51 68.49 85.32 79.92
C&I line losses%2%4%13%4%4%
Thermal generationGWh48 22 22 408 892
Geothermal generationGWh270 276 259 1,930 1,800
Hydro generationGWh288 328 383 2,679 2,311
Spot electricity salesGWh606 626 665 5,017 5,003
Electricity sales -DirectGWh9 9 9 56 57
Acquired generationGWh34 10 11 196 199
Electricity generated (or acquired)GWh649 645 684 5,268 5,260
Unit generation cost (including acquired generation)$/MWh(37.69)(28.78)(20.03)(32.83)(36.59)
Spot electricity purchasesGWh(357)(396)(379)(2,956)(3,288)
CFD sale settlementsGWh(199)(169)(257)(1,852)(1,367)
Spot exposed purchases / CFD settlementGWh(555)(565)(636)(4,808)(4,655)
Spot revenue and settlement on acquired generation (GWAP)$/MWh152.34 128.93 53.66 109.62 118.54
Spot purchases and settlement on CFDs sold (LWAP)$/MWh(164.45)(140.58)(60.26)(118.58)(126.98)
LWAP/GWAP%108%109%112%108%107%
Gas used in internal generationPJ0.7 0.4 0.4 5.0 8.6
Gas storage net movement (extraction) / injectionPJ(0.1)0.4 0.4 1.9 (0.7)
ContactTotal customer connections#562,000 516,000 559,000 550,000 512,500

Contact Energy / Monthly Operating Report
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Environment, Social and Governance (ESG)
Material themeMeasureUnitQ2 FY22Q2 FY21
Climate ChangeEmissions from generation assets
1
kt CO
2
-e118167
Greenhouse Gas (GHG) intensity of generation
2
kt CO
2
-e / GWh0.0580.091
WaterFreshwater take
3
Million cubic metres0.760.48
Non-consumptive water usage
4
Million cubic metres4,8014,703
Geothermal fluid discharge to awa (rivers)Million cubic metres3.584.77
BiodiversityNative rākau(trees) planted by Contact
5
#18,4345,679
Pests caught
6
#1,8931,164
Community wellbeingCommunity initiatives and organisations supported#23*
Access to energyCustomer accepted (after standard credit checking / after prepay)%93% / 96%92% / 94%
1
Scope 1 –Stationary combustion. In FY21 stationary combustion was 99.97% of Contact’s total Scope 1 emissions
2
Carbon equivalent from stationary combustion / electricity generated and sold via the spot wholesale market
3
Freshwater taken to support operations at geothermal and thermal and includes Council take in Q2 FY22
4
Water that flows through our Roxburgh power station and cooling water for our geothermal power stations
5
Does not include DrylandsCarbonactivities
6
Predominantly stoats, rats and possums
* Data has not historically been collected by quarter
Note: This information is updated quarterly (September, December, March, June)

Contact Energy / Monthly Operating Report
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Keep in touch.
investor.centre@contactenergy.co.nz
contact.co.nz/aboutus/investor-centre
+64 21 072 8578
Investors
Matthew Forbes –GM Corporate Finance
contact.co.nz
@ContactEnergy
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To find out more about Contact Energy