November 2022 Operating Report

Monthly Operating Report
November 2022

Contact Energy / Monthly Operating Report
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»The Customer business recorded:
•Mass market electricity and gas sales of 285GWh
(November 2021: 299GWh)
•Mass market netback of $118.59/MWh (November 2021:
$107.08/MWh)
»The Wholesale business recorded:
•Contracted Wholesale electricity sales, including that
sold to the Customer business, totalled 563GWh
(November 2021: 655GWh)
•Electricity and steam net revenueof $91.10/MWh
(November 2021: $81.76/MWh)
•Electricity generated (or acquired) of 664GWh
(November 2021: 702GWh)
•The unit generation cost, which includes acquired
generation was $29.83/MWh (November 2021:
$28.32/MWh)
•Own generation cost in the month of $29.2/MWh
(November 2021: $25.10/MWh)
»Otahuhu futures settlement wholesale price
for the 4
th
quarter of 2022 (ASX):
•As at 8 December 2022: $51/MWh
•As at 30 November 2022: $55/MWh
•As at 31 October 2022: $80/MWh
»As at 8 December 2022, South Island
controlled storage was 144% of mean and
North Island controlled storage was 137% of
mean
•As at 8 December 2022, total Clutha
scheme storage was 100% of mean
•Inflows into Contact’s Clutha catchment
for November 2022 were 117% of mean.
(October 2022: 73% September 2022:
112%, August 2022: 216%)
»As at 1 December 2022, Contact’s contracted
gas volume (including contracted swaps) for
the next 12 months is 12.65PJ*
For the month of November 2022
* Forecast gas volumes as notified by suppliers, actual gas received is dependent
on field delivery
Prior periods restated to account for metering costs, previously included within ‘Cost to serve’, have been
reclassified to ‘Electricity direct pass thru costs’ to better reflect the direct nature of these costs and to improve
comparability with the industry.

0
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CY22CY23CY24CY25CY26
$/MWh
30/06/202131/10/202230/11/2022
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CY22CY23CY24CY25CY26
$/MWh
30/06/202131/10/202230/11/2022
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DecJanFebMarAprMayJunJulAugSepOctNov
GWh
South Island ActualNorth Island Actual
South Island post-market meanNational post-market mean
New Zealand controlled hydro storage against mean
ASX futures settlement
Contact Energy / Monthly Operating Report
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12 MONTHS
Otahuhu
Benmore

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250
JulAugSeptOctNovDecJanFebMarAprMayJun
$/MWh
FY22 BENFY23 BENFY22 OTAFY23 OTA
0%
20%
40%
60%
80%
100%
<$35$36-$60$61-$85$86-$110$111-$135$136-$160>$160
% of trading
periods
Nov-22Nov-21Oct-22
0%
20%
40%
60%
80%
100%
<$35$36-$60$61-$85$86-$110$111-$135$136-$160>$160
% of trading
periods
Nov-22Nov-21Oct-22
Wholesale electricity pricing
Otahuhu
Contact Energy / Monthly Operating Report
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Benmore
Distribution of wholesale market price by trading periods

Contact Energy / Monthly Operating Report
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Grid demand (reconciled) data was
unavailable at the date of release.
Source: Contact and Electricity Authority grid demand (reconciled) http://www.emi.ea.govt.nz

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120
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600
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
$/MWh
GWh
Mass market electricity salesRetail gas salesNetback
-
10
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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
Contact Energy / Monthly Operating Report
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Retail
Generation mix, gross sales position and unit generation cost (FY22 and 23
respectively)
Retail sales volumes and netback (FY22 and 23 respectively)
(RHS)

Contact Energy / Monthly Operating Report
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Measure
The month ended The month ended The month ended Four months endingFour months ending
November 22November 21October 22November 22November 21
RetailMass market electricity salesGWh
236 245 303 1,626 1,556
Retail gas salesGWh
49 54 69 378 400
Mass market electricity and gas salesGWh
285 299 372 2,004 1,956
Average electricity sales price$/MWh
280.32 257.14 256.79 254.86 247.47
Electricity direct pass thru costs$/MWh
(126.81)(117.43)(118.31)(114.61)(113.71)
Cost to serve$/MWh
(21.28)(19.21)(14.98)(14.53)(14.34)
Customer netback$/MWh
118.59 107.08 107.59 110.87 103.33
Energy cost$/MWh
(99.68)(86.19)(108.16)(113.96)(98.12)
Actual electricity line losses%
6%6%6%6%7%
Retail gas salesPJ
0.2 0.2 0.2 1.4 1.4
Electricity ICPs#
426,000 419,500 429,000 430,000 414,500
Gas ICPs#
70,000 68,000 70,500 70,500 67,000
Broadband connections#
76,000 60,000 75,000 74,500 56,500
WholesaleElectricity sales to Customer businessGWh
252 262 321 1,733 1,668
Electricity sales to Commercial and IndustrialGWh
142 126 144 686 591
Electricity CFD salesGWh
169 268 173 884 1,397
Contracted electricity salesGWh
563 655 638 3,303 3,655
Steam salesGWh
53 65 59 276 308
Total electricity and steam net revenue$/MWh
91.10 81.76 99.45 103.17 103.74
C&I netback (at the ICP)$/MWh
101.45 72.16 112.47 120.81 88.64
C&I line losses%
4%5%5%4%3%
Thermal generationGWh
12 15 17 232 338
Geothermal generationGWh
239 277 283 1,364 1,400
Hydro generationGWh
404 374 297 1,706 2,008
Spot electricity salesGWh
656 666 598 3,303 3,746
Electricity sales - DirectGWh
8 9 8 36 38
Acquired generationGWh
02732 131 151
Electricity generated (or acquired)GWh
664 702 638 3,470 3,936
Unit generation cost (including acquired generation)$/MWh
(29.83)(28.32)(34.15)(34.97)(34.26)
Spot electricity purchasesGWh
(385)(379)(456)(2,383)(2,221)
CFD sale settlementsGWh
(169)(268)(173)(884)(1,397)
Spot exposed purchases / CFD settlementGWh
(555)(647)(630)(3,267)(3,617)
Spot revenue and settlement on acquired generation (GWAP)$/MWh
39.22 80.07 74.07 64.89 112.30
Spot purchases and settlement on CFDs sold (LWAP)$/MWh
(43.87)(87.11)(84.38)(72.77)(121.79)
LWAP/GWAP%
112%109%114%112%108%
Gas used in internal generationPJ
0.4 0.4 0.4 3.1 3.9
Gas storage net movement (extraction) / injectionPJ
0.3 0.5 (0.3)1.6 1.6
ContactTotal customer connections#
578,000 555,000 580,000 580,500 545,500

Contact Energy / Monthly Operating Report
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Material themeMeasureUnit
Q1 FY23Q1 FY22
Climate Change
Greenhouse Gas (GHG)Emissions from generation assets
1
kt CO
2
-e179228
GHG intensity of generation
2
kt CO
2
-e /
GWh
0.0870.096
Water
Water Freshwater take
3
Million cubic
metres
0.380.42
Non-consumptive water usage
4
Million cubic
metres
5,3545,231
Geothermal fluid discharge to awa (rivers)
Million cubic
metres
2.082.03
Biodiversity
Native rakau(trees) planted by Contact
5
#31,06028,825
Pests caught
6
#9191009
Community
Community initiatives and organisations supported#1317
Inclusion and
Diversity
Board
% Women/ %
Men
57% / 43%57% / 43%
Inclusion and
Diversity
Key Management Personnel
% Women/ %
Men
20% / 80%33% / 67%
Inclusion and
Diversity
Employee Gender balance
7
% Women/ %
Men
48% / 51%45% / 55%
1 Scope 1 –Stationary combustion. In FY22 stationary combustion was 99.96% 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
4 Water that flows through our Roxburgh power station and cooling water for our geothermal power stations
5 Does not include DrylandsCarbon/Forest Partners activities
6 Predominantly stoats, rats and possums
7 Includes all permanent, fixed term and casual employees. 1.2% and 0.1% unspecified in Q1 FY23 and Q1 FY22 respectively.
* 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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investor.centre@contactenergy.co.nz
contact.co.nz/aboutus/investor-centre
Investors
Shelley Hollingsworth – Investor Relations &
Strategy Manager
contact.co.nz
@ContactEnergy
Linkedin.com/company/contact-energy-ltd
Facebook.com/ContactEnergy
Youtube.com/ContactEnergy
To find out more about Contact Energy
+64 27 227 2429