FY2023 EBITDAF Guidance revised up by $40m

FY2023 EBITDAF Guidance revised up by $40m
21 October 2022 – Mercury announced today that it has revised its FY2023 EBITDAF guidance up $40m to
$620m. Normalised EBITDAF also increases by $40m to $795m after adjusting for the non-cash unwind of
acquired swaps relating to the Norske Skog, Tilt and Trustpower transactions. The lift in performance is largely
due to higher FY23 hydro generation, now forecast at 4,500GWh (previously 4,350GWh), higher yields in
commercial industrial sales and improved trading results.
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:
William Meek
Chief Financial Officer
0275 173 470
investor@mercury.co.nz
For media queries, please contact:
Shannon Goldstone
Head of Communications
027 210 5337
media@mercury.co.nz

ABOUT MERCURY NZ LIMITED
We generate electricity from 100% renewable sources – hydro, geothermal and wind. We also sell utility services to our
customers through our retail brands – Mercury, Trustpower and GLOBUG.
We’re listed on the New Zealand Stock Exchange and the Australian Stock Exchange with foreign exempt listed status. We’re
listed on both exchanges with the ticker symbol ‘MCY’. The New Zealand Government (the Crown) holds a legislated 51%
shareholding in the Company.
Visit us at: www.mercury.co.nz


STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

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