Meridian Energy investor presentation

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M e r i d i a n E n e r g y L i m i t e d ( A R B N 1 5 1 8 0 0 3 9 6 ) A c o m p a n y i n c o r p o r a t e d i n N e w Z e a l a n d
287-2 9 3 D u r h a m S t r e e t N o r t h , C h r i s t c h u r c h 8 0 1 3

m e r i d i a n e n e r g y . c o . n z
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian Energy investor presentation

31 October 2022
Attached is a presentation Meridian Energy will be making at investor meetings during
November.



ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Polly Atkins
External Communications Manager
021 174 1715

NOVEMBER 2022
2022 Investor Presentation

Why Meridian?
2
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

3
Why Meridian?
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
Green
Finance
Framework
Clim!"e Ac"ion Pl!n
Meridi!n’s purpose of Cle!n energy for ! f!irer !nd he!lthier world
is !t the centre of everything we do on our journey to net zero.
Our
purpose
Our
business
Our energy
gener!tion is from
100% renew!ble
sources through:
We !re continuing development of
• !ddition!l renew!ble energy gener!tion
• electrifying process he!t
• vehicle ch!rging infr!structure
• green hydrogen production
W!ter.Wind.Sun.
Our
priorities
* Meridi!n’s oper!tion!l emission bound!ry includes !ll scope 1, 2 !nd 3 c!tegories, excluding !ll one-time construction emissions from m!jor projects !nd !ll !ctivities th!t !re c!pit!lised !s p!rt of renew!ble energy projects. From our FY21 b!seline (excluding Meridi!n Austr!li!).
Where we c!n’t reduce our oper!tion!l emissions right now, we offset using Gold St!nd!rd Verified Emission Reductions !nd h!ve done since FY19.
Our
H!lf by 30
focus !re!s
L!nd Tr!nsportF!rmsFugitive emissions Air tr!velFerry !nd b!rgeW!ste
These priorities !lign with our commitment to contribute me!ningfully to the United N!tions (UN) Sust!in!ble Development Go!ls (SDGs)
where we c!n h!ve most imp!ct – such !s SDG13 Clim!te Action. See our Sust!in!bility Policy for further det!il.
This pl!n p!ves our w!y for future !ction !nd will be upd!ted !nnu!lly. Progress on initi!tives !nd t!rgets will be reviewed by the Meridi!n S!fety !nd Sust!in!bility Committee !nd !re !lso included in our Clim!te-rel!ted disclosures.
AUGUST 2022
Forever Forests
Our n!ture-b!sed
commitment to
emission remov!ls.
H!lf by 30
We !re focused on reducing
our gross oper!tion!l
emissions by h!lf by FY30
*
.
Helping customers !nd
Aote!ro! to dec!rbonise
Incre!sing consumption
of renew!ble electricity
through electrific!tion.
2030
Greenhouse
Gas Emissions
Inventory
Report
Leading sustainability performance

4
Why Meridian?
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
High quality investment
Our priorities
A big priority for Meridi!n is to m!ke
! m!teri!l !nd positive imp!ct to ! net
zero future !nd in the shorter term,
t!ke Aote!ro! closer to !chieving !
n!tion!l t!rget of 50% renew!ble energy
consumption by 2035. To deliver imp!ct
on this we !re focused on new renew!ble
energy gener!tion, offering t!ngible
solutions to our customers to dec!rbonise
tr!nsport !nd process he!t, !nd we !re
!dv!ncing new m!rket opportunities
through green hydrogen. Some of our
t!rgets !nd current results !re sh!red here
!nd we !re excited to further incre!se our
imp!ct !nd contribution to clim!te !ction
through these !re!s beyond here.
Dec!rbonise
Renew!ble energy gener!tionCustomer dec!rbonis!tionNew m!rkets
Building on our existing 100% renew!ble
energy gener!tion b!se, our development !nd
construction te!ms !re !dv!ncing the delivery
!nd !dv!ncement of build!ble options
We !re committed to providing t!ngible dec!rbonis!tion
options for our customers in ! r!nge of sectors.
Adv!ncing the green hydrogen opportunity
!s !n electricity dem!nd response option,
!nd support industry dec!rbonis!tion.
Tr!nspor t elec trif ic!tion
Meridi!n h!s ! r!nge of offers in pl!ce to support the
electrific!tion of tr!nsport, such !s though our commitment
to bring to m!rket: 250 AC EV ch!rgers – of which we h!ve
currently inst!lled 61 with further committed ch!rgers on
tr!ck to complete in FY23, !ddressing Energy Efficiency !nd
Conserv!tion Authority (EECA) shortlisted ch!rging bl!ckspots
!cross the South Isl!nd with government funding support,
!nd inst!lling our first business ch!rging inst!ll!tions to
support business fleet tr!nsition.
Green hydrogen
The Southern Green Hydrogen project
!dv!nces with ! request for propos!l process
ne!r complete with two preferred developers
!nnounced !nd selection of ! le!d developer
is pl!nned for FY23.
Delivering H!r!p!ki wind f!rm
Our commitment to bring to m!rket 176MW of
c!p!city !nd 540GWh/!nnum of gener!tion from
end FY24. Works on site commenced in August
2021 !nd the construction !ctivity is on tr!ck.
Further build!ble options
Our renewable development team are
advancing 2.3GW/5,400GWh of options –
of which 1.1GW are secured with a further
1.2GW under advanced prospecting. The
commitment includes investments in a
100MW/200MWh battery and a 75MW+
solar farm. Contributing to our target to
secure three buildable options by 2024.
Process he!t electrific!tion
Our process he!t electrific!tion offer helps our customers
get off co!l. Progress tow!rds our FY23 t!rget of 600GWh of
delivered process he!t electrific!tion !dv!nced, with 300GWh
of dem!nd committed (representing 110kt CO2eq !b!tement).
Commerci!l sc!le sol!r
We pro!ctively support our customers with commerci!l-
sc!le sol!r solutions where it m!kes sense for them, !nd h!ve
! kilow!tts pe!k (kWp) t!rget in pl!ce to underpin inst!ll!tion
delivery. In !ddition to solutions !lre!dy delivered, we h!ve
commenced further build pl!nning for other customer
commitments m!de.
Certified Renew!ble Energy
Meridi!n’s CRE 2.0 w!s l!unched in FY23. CRE en!bles
customers to m!tch their electricity consumption with
renew!ble energy gener!tion !ttributes, through the use of
Renew!ble Energy Certific!tes, !nd report their m!rket-b!sed
scope 2 emissions !s zero. CRE 2.0 included the introduction of
! dec!rbonis!tion fund where !ll net proceeds from customer
use of RECs will be reinvested b!ck into either community or
business dec!rbonis!tion projects. We h!ve confirmed FY23
CRE t!rgets rel!ting to GWh !nd ! commitment to reinvest
!pproxim!tely $750,000 into products reducing emissions.
For more det!il on ! r!nge of clim!te !ction initi!tives Meridi!n h!s in pl!ce, !nd !ssoci!ted metrics !nd t!rgets, ple!se refer to our FY22 Clim!te-rel!ted disclosure.
H
2
quality,
scale assets
high free
cash flow
progressive
ordinary
dividend
balance
sheet
headroom
strong
growth
outlook
deep
renewable
development
pipeline

New Zealand electricity market
5
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

6
New Zealand electricity market
§A reliable, affordable and environmentally
sustainable electricity system
§A well functioning competitive market with
high level of renewable resources and
rational competition
§Vertical integration is the prevailing market
structure
§Wholesale and retail market regulation
provided by an independent regulator –
The Electricity Authority (EA)
§EA’s mandate is to promote efficient
market operation, security of supply,
promote competition
§No price controls, the non-competitive
transmission and distribution sectors have
regulated rates of return
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

7
New Zealand electricity market
§New Zealand’s hydro generation is managed
against limited controlled storage
§Bulk of hydro inflow is anti-correlated to
winter demand peak
§Thermal capacity and fuel storage has
historically managed potential hydro inflow
deficit and other renewable intermittency
§Efficient and well-functioning wholesale
market manages this supply risk
§Significant oversupply has existed, older
thermal plant closure has brought balance
§Demand growth in the last decade has been
modest, strong outlook from decarbonisation
§$2.3B of recent or in progress renewable builds
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

34%
24%
6%
35%
1%
Annual consumption
Residential
Commercial
Agriculture
Industrial
Other
57%
19%
1%
1%
6%
1%
4%
11%
Annual generation
Hyd ro
Geothermal
Biogas
Wood
Wind
Sol ar
Oi l
Coal
Gas
Waste Heat
8
New Zealand electricity market
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
5major generators (all listed,
3 majority Govt owned)
1transmission grid
owner (state owned)
1very large industrial user
(Rio Tinto/Sumitomo
smelter), ~13% of national
demand
29distribution
businesses (various
ownership structures)
44retail
brands
2.1million
consumers
(41 TWh pa)
Sources: Electricity Authority and Ministry of Business, Innovation and Employment
(June 2022)
(June 2022)
85%
renewable
33% share
23% share

9
Market pricing
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
83
123
89
173
130
62
0
50
100
150
200
201820192020202120222023
(Q 1)
$/MWh
Financial Year ended 30 June
Meridian average generation price
10
15
20
25
30
35
2013201420152016201720182019202020212022
c/KWh
Unit electricity costs (real)
ResidentialCommercialIndustrial
Source: MeridianSource: Ministry of Business, Innovation and Employment
excluding GSTexcluding GST
70
95
12 0
145
17 0
195
22 0
245
27 0
Q4
2022
Q2
2023
Q4
2023
Q2
2024
Q4
2024
Q2
2025
Q4
2025
Q2
2026
Q4
2026
$/MWh
Otahuhu ASX futures settlement price
30 June 202130 June 202226 Octob er 2 02 2
Source: ASX

10
Policy and regulation
Emissions Reduction Plan
§Released in May 2022, it sets out how NZ
will meet its first emissions budget for
2022-2025
§Requires additional emissions reductions
of 4%
§Plan targets transport and energy
emissions
§Supported by $2.9B of funding from the
Government’s Climate Emergency Fund
§$1.2B earmarked for transport, including
increased access to low and zero
emissions vehicles
§$0.7B in funding for industrial
decarbonisation
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
79.579.5
72.5
61.0
48.0
0
20
40
60
80
100
2014-172018-212022-252026-302031-35
Mt CO2-e
Average annual emissions
Source: Stats NZ, Aotearoa New Zealand’s First Emissions Reduction Plan
Emissions Reduction Plan
2014-172018-21

11
National emissions
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
6%
7%
17%
9%
50%
6%
1%
4%
Greenhouse gas emissions by sector
Electricity
Other energy
Transport
Manufacturing & construction
Agriculture
Industrial & product
Fugutive emissions
Waste
79
MtCO
2
e
0.05%, operational emissions offset
Sources: Meridian, New Zealand's Greenhouse Gas Inventory 1990 2020 snapshot, 2022 Inventory, Climate Change Commission 2021 final advice

12
Policy and regulation
Resource management reform
§Reform programme risks renewable
projects needing to clear a higher
consenting hurdle
§Generator CEs have collectively written to
Ministers outlining issues that need
addressing, supported by independent
advice
Low carbon commitment
§Meridian is part of a collective sector
commitment to deliver a low carbon
energy system
§Development of an independent roadmap
by BCG for decarbonisation of the energy
system
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
Wellington’s IkaRereis the first full-electric ferry in the southern hemisphere

About Meridian
13
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

20%
36%
33%
19%
15%
60%
10%
12%
-8%
-20%
0%
20%
40%
60%
80%
201420152016201720182019202020212022
Financial Year ended 30 June
Total shareholder return
1
Meridian TSRNZ X50 Index
14
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
About Meridian
Source: Meridian, Refinitiv
1
share price change plus gross dividend yield
Meridi!n Asset Key

Wind F!rm

Hydro St!tion
Meridi!n Offices
Powershop Offices
Benmore
Ōh!u A
Ōh!u C
Aviemore
W!it!ki
Te Uku
Mill Creek
West Wind
Auckl!nd
Christchurch
White Hill
M!n!pōuri
Wellington
M!sterton
Ōh!u B
Twizel
Te Āpiti
H!r!p!ki
(construction)
366,000
customers

15
About Meridian
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
§New Zealand’s largest generator, all
production from renewable sources
§Seven big hydro stations – flexible plant with
the country’s largest storage
§With low operating costs and capital needs
§Five New Zealand wind farms, a sixth under
construction and proven success operating
in a high wind environment
§Backed with more than a decade of
construction and operational experience
§The largest retailer of electricity in New
Zealand
§Exposure to new generation and demand
growth in New Zealand’s low carbon future

16
Our purpose
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

17
Our strategy
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
Powershop m!rket le!ding customer s!tisf!ction,
Meridi!n le!ding gent!iler
Ch!mpion
Competitive m!rkets
Sust!in!bility
Clim!te !ction
Str
!
tegic
initi
!
tives
5-ye
!
r
t
!
rgets
Current

position
Grow ! cle!r sust!in!ble le!dership position
Asi! P!cific Dow Jones Sust!in!bility Index inclusion
2.3 GW of sites/opportunities
540,000 ICP’s on Flux
NZ's highest customer s!tisf!ction
Optimise
Tr!ding !nd !sset m!n!gement
Re-consenting
Fin!ncing
Grow
Ret!il
Gener!tion
Flux
Provide the most relev!nt !nd imp!ctful
options for our customers
Use our 5,000 GWh renew!ble opportunity
to f!st-tr!ck NZ’s dec!rbonis!tion
Execute on options th!t optimise system !nd
portfolio needs !nd reduce tr!nsition risks
Develop ! high qu!lity !nd diverse suite
of renew!ble energy options
3 million ICP’s on Flux
A resilient wellbeing !nd s!fety culture
NZ top qu!rtile st!ff eng!gement, improving injury frequency r!tes
300 GWh of process he!t under MOU
61 public EV ch!rgers inst!lled
1,500 GWh new dem!nd
opportunities identified
385 GWh of new sw!ptions, 250 GWh of
smelter dem!nd response

18
Our Climate Action Plan
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

0
10,000
20,000
30,000
40,000
2021202220232024202520262027202820292030
tCO2e
Financial Year ended 30 June
Progress against our Half by 30 goal
land transportfarmsfugitive emissions
air travelferryoth er (scope 3)
reduct ion target
19
Half by 30
§Goal to halve our 2021 operational
emissions by 2030
§An approved science-based target
§Today all Meridian’s operational
emissions are offset
Source: Meridian
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

20
Forever forests
§Creating a carbon sink by planting 1.5
million trees
§Will offset the emissions we can’t remove
through Half by 30
§A mixed planting model of natives and
exotics
§To act as an effective carbon sink and
leave a native forest legacy
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

21
Social focus
Local communities
§Long term relationships, community relationship
managers
§$9M of local project support over 15 years
Iwi
§Recognisethe mana whenua of Ngāi Tahu
§Close association with local rūnanga
§Focus on strengthening our iwi partnerships
KidsCan
§$1M annual contribution towards supporting
under-privileged children
Kākāpō
Recovery Programme, Project River Recovery
§Cornerstone partnerships with the Department of
Conservation
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

22
Renewable growth
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
30
35
40
45
50
55
60
65
70
199720002003200620092012201520182021202420272030203320362039204220452048
TWh
Financial Year ended 30 June
Annual market demand for generation
Source: Meridian
history
range of future growth
NZ top 25% st!ff eng!gement,
improving injury r!te
2.5% incre!se in EBITDAF**
3% incre!se in ordin!ry dividend
C!rbon neutr!l, st!ble
oper!tion!l emissions
1.1 GW of secured
development options
$214 million g!in on s!le of Austr!li!
H!r!p!ki wind f!rm
on schedule
300 GWh* in MoU’s or contr!cted
for South Isl!nd process he!t
6% customer s!les volume growth
* 1250 GWh in Memor!ndums of Underst!nding, 50 GWh contr!cted (!nnu!l volumes)
** E!rnings before interest, t!x, depreci!tion, !mortis!tion, ch!nges in f!ir v!lue of hedges, imp!irments !nd g!ins or losses on s!le of !ssets
$30+
billion of
new
generation
investment
7 in 7
20 in 28

Harapakiwind farm – Hawkes Bay
§$448m capital costs
§To power the equivalent of 70,000 homes
§Local iwi are integral part of our team
§Sustainability focus to design out emissions
23
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION

24
Renewable development pipeline
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
§Deep pipeline of 2.3 GW (5.4 TWh) of development options
§1.1 GW secured, 1.2 GW in advanced prospects, further battery site acquired
§North Island focus, flexibility on South Island options maintained
2023
1.4 GW
0.8 GW
0.2 GW
20252026202720282029203020242040
Ru!k!k!
(100 MW)
Ru!k!k!
(75 MW)
Mt Munro
(60 MW)
T!r!n!ki
(200 MW)
T!r!n!ki
(100 MW)
Auckl!nd
(350 MW)
M!n!w!tu
(150 MW)
H!wke’s B!y
(100 MW)
Secured
options
(150 MW)
Secured
options
(210 MW)
Secured
options
(100 MW)
Adv!nced
prospects
(750 MW)
Adv!nced
prospects
(100 MW)

25
Portfolio response to NZAS contract termination
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
14 JAN 2021
14 JAN 2021
1 JAN 2022
1 JAN 2022
1 JAN 2023
1 JAN 2023
1 JAN 2024
1 JAN 2024
31 DEC 2024
31 DEC 2024
NZAS Contr!ct:
Meridi!n Portfolio Response:
Green Hydrogen:
D!t! Centre:
Review of sitesSite !quisiton
Site !quisiton
RFP issued
B!ttery constructionB!ttery completion
Consent
Consent
Module 1
construction
Fin!l responses
!nd selection
Project
development
FID
ECCA Funded
Projects 1
ECCA Funded
Projects 2
ECCA Funded
Projects 3
600 GWh
contr!cted
Glob!l c!ble in
service (2025)
Tr!ns-T!sm!n
c!ble in service
Further
modules
171 GWh in
MoU’s or contr!ct
Current Sw!ption:
CUWLP:
31 GWh in MoU’s
Process He!t:
Review of sites
NI B!ttery:
Options discussionsNov! sw!ption
Exploring options
On schedule
Completion
Tendering
Anchor customer
Developers
shortlisted
Cont!ct sw!ption
On schedule
Site !quisiton
Review of sites
Fe!sibility & ROI
ROI Prework
Feb 22
Interim Results
August 21
Annu!l Results
M!y 21
Investor D!y
August 22
Annu!l Results
1,180 MW
c!p!city
292 GWh MoU’s
or contr!ct
300 GWh MoU’s
or contr!ct

26
Green hydrogen
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
final
responses
and
selection
late 2022
commercial
development
2023-2024
final
investment
decision
late 2024

5,727
5,981
6,240
7,376
8,405
8,941
4, 000
6,000
8,000
10,000
201720182019202020212022
GWh
Financial Year ended 30 June
Retail sales volume
27
Evolving our customer approach...from sales growth
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
56%
growth
in 5
years
Source: Meridian

28
To energy solutions that enable customers to decarbonise
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
Acceler!te Energy Innov!tion
2025 Dr!ft
Outcomes
Ret!il to 30% of
homes/businesses
with !n EV
Grow ret!il m!rket
sh!re by h!ving 5,000
customers signed up to
our EV offers
Recommend!tion
on Residenti!l sol!r
!nd sc!ling of
Commerci!l sol!r by
31 December 2022
30MW of dem!nd
flexibility !nd 600GWh
under MOUs by
30 June 2023
VPP pilot complete
!nd recommend!tions
for sc!ling by
31 M!rch 2023
Ret!il to or oper!te
30% of distributed
sol!r in New Ze!l!nd
50MW of flexibility
!nd 600GWh of
new dem!nd
Utility sc!le VPP/DF
!sset by 2025
FY23
Objectives
Tr!nspor tDistributed
Gen/Stor!ge
Process He!tDem!nd Flexibility
VPP
Predict
Optimise
Aggreg!te

29
5-year financial performance
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION
622
774
787
692
709
0
200
400
600
800
1,000
20182019202020212022
$M
Financial Year ended 30 June
EBITDAF
1
206
333
316
231
233
0
50
100
150
200
250
300
350
20182019202020212022
$M
Financial Year ended 30 June
Underlying NPAT
2
1.5
1.4
1.5
1.6
0.8
0.0
0.5
1.0
1.5
2.0
20182019202020212022
$B
Financial Year ended 30 June
Net debt
3
14.32
16.42
16.9016.90
17.40
4.88
4.88
2.44
0
5
10
15
20
25
20182019202020212022
CPS
Financial Year ended 30 June
Total dividends declared
Ordinary dividendsSpecial dividends
201
339
175
415
451
0
100
200
300
400
500
20182019202020212022
$M
Financial Year ended 30 June
Net profit after tax (continuing operations)
427
635
604
431
461
0
100
200
300
400
500
600
700
20182019202020212022
$M
Financial Year ended 30 June
Operating cash flows
1
Earnings before interest, tax, depreciation, amortisation, changes in fair value
of hedges, impairments and gains or losses on sale of assets
2
Net profit after tax adjusted for the effects of changes in fair value of hedges
and other non-cash items
3
Drawn borrowings and lease liabilities payable less cash and cash equivalents

30
Disclaimer
The information in this presentation was prepared by Meridian
Energy with due care and attention. However, the information is
supplied in summary form and is therefore not necessarily complete,
and no representation is made as to the accuracy, completeness or
reliability of the information. In addition, neither the company nor
any of its directors, employees, shareholders nor any other person
shall have liability whatsoever to any person for any loss (including,
without limitation, arising from any fault or negligence) arising from
this presentation or any information supplied in connection with it.
This presentation may contain forward-looking statements and
projections. These reflect Meridian’s current expectations, based on
what it thinks are reasonable assumptions. Meridian gives no
warranty or representation as to its future financial performance or
any future matter. Except as required by law or NZX or ASX listing
rules, Meridian is not obliged to update this presentation after its
release, even if things change materially.
This presentation does not constitute financial advice. Further, this
presentation is not and should not be construed as an offer to sell or
a solicitation of an offer to buy Meridian Energy securities and may
not be relied upon in connection with any purchase of Meridian
Energy securities.
This presentation contains a number of non-GAAP financial
measures, including Energy Margin, EBITDAF, Underlying NPAT and
gearing. Because they are not defined by GAAP or IFRS, Meridian's
calculation of these measures may differ from similarly titled
measures presented by other companies and they should not be
considered in isolation from, or construed as an alternative to, other
financial measures determined in accordance with GAAP. Although
Meridian believes they provide useful information in measuring the
financial performance and condition of Meridian's business, readers
are cautioned not to place undue reliance on these non-GAAP
financial measures.
The information contained in this presentation should be considered
in conjunction with the company’s financial statements, which are
included in Meridian’s integrated report for the year ended 30 June
2022 and is available at:
www.meridianenergy.co.nz/investors
All currency amounts are in New Zealand dollars unless stated
otherwise.
NOVEMBER 2022INVESTOR ROADSHOW PRESENTATION