CEN: Introductory presentation and Tauhara update

1
Contact Energy
Introduction
International Engagements | September 2023

2
Disclaimer and important information
While all reasonable care has been taken in compiling this presentation, neither Contact
nor any of its directors, employees, shareholders nor any other person gives any
representation as to the accuracy or completeness of this information or accepts any
liability for any errors or omissions.
This presentation may contain certain forward-looking statements with respect to a
variety of matters. All such forward-looking statements involve known and unknown risks,
significant uncertainties, assumptions, contingencies, and other factors, many of which
are outside the control of Contact, which may cause the actual results or performance of
Contact to be materially different from any future results or performance expressed or
implied by such forward-looking statements. Such forward-looking statements speak only
as of the date of this presentation. Except as required by law or regulation (including the
NZX Listing Rules and the ASX Listing Rules), Contact undertakes no obligation to
update these forward-looking statements for events or circumstances that occur
subsequent to the date of this presentation or to update or keep current any of the
information contained herein. Any estimates or projections as to events that may occur in
the future (including projections of revenue, expense, net income and performance) are
based upon the best judgement of Contact from the information available as of the date
of this presentation.
EBITDAF, free cash flow and operating free cash flow are financial measures that are
“non-GAAP (generally accepted accounting practice) financial information” under
Guidance Note 2017: ‘Disclosing non-GAAP financial information’ published by the New
Zealand Financial Markets Authority, “non-IFRS financial information” under ASIC
Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ and “non-GAAP
financial measures” within the meaning of Regulation G under the U.S. Exchange Act of
1934.
Such financial information and financial measures (including EBITDAF, free cash flow
and operating free cash flow) do not have standardised meanings prescribed under New
Zealand equivalents to International Financial Reporting Standards (“NZ IFRS”),
Australian Accounting Standards (“AAS”) or International Financial Reporting Standards
(“IFRS”) and therefore, may not be comparable to similarly titled measures presented by
other entities, and should not be construed as an alternative to other financial measures
determined in accordance with NZ IFRS, AAS or IFRS accounting practice) measures.
Information regarding the usefulness, calculation and reconciliation of these measures is
provided in the supporting material.
This presentation does not constitute financial or investment advice. This presentation
does not constitute an offer to sell, or a solicitation of an offer to buy, Contact securities
and may not be relied on in connection with any purchase of a Contact security.
Numbers in the presentation have not all been rounded and might not appear to add.
All references to $ are New Zealand dollar unless stated otherwise.
Alltrademarks, service marks andcompany namesare thepropertyoftheir respective
owners. All company, product and service names used in this presentation are for
identification purposes only. Use of these names, trademarks and brands does not imply
endorsement or that they are or will be customers of Contact and reflects public
announcements of intention only.

3
Introduction to New Zealand’s Electricity Sector
Contact Energy Overview
2
1
Content
4 –9
10 –24
Appendix: Supporting information
3
25 –27

4
4
Introduction
to New
Zealand’s
electricity
sector

5
5
New Zealand enjoys a reliable, affordable and
environmentally sustainable electricity system
Spot
electricity
pool
Million consumers
2.3
4
Major generators
Competitive
29
Distribution
businesses
National
transmission
grid operator
1
Regulated monopolies
8
Retailers
over 50k connections
Competitive
19%
31%
17%
16%
17%
Other
53%
13%
35%
Channel
by volume
23%
19%
16%
% by ICP
(parent company)
26%
16%
Source: MBIE quarterly electricity generation and consumption, Sep 18–Jun 23,
Major generators respective operating reports, July 2018-Jun 2023
Source: MBIE quarterly electricity generation and consumption, Sep 22–Jun 23,
EMI, Aug 2023
Source: EA website: https://www.ea.govt.nz/consumers/my-electricity-bill/
Indicative
sector
revenue
share
C&I
Retail
NZAS

6
Contact has led the way in decarbonising the NZ electricity system through geothermal development
NZ electricity supply is highly renewable
Electricity generation carbon emissions (units of CO2e)
Source: MBIE quarterly electricity and liquid fuel emissions data tables
2015
Coal
200520102020
Gas
-73%
Electricity generation mix comparison 2005 and 2022
Flexible thermal
production is required
to complement
5TWh
of seasonal
renewables
firming
per annum
Current national quarterly supply and demand (TWh)
Must-run
renewable
generation
Quarter ending
60
6
19
3
10
2
Geothermal
and wind have
displaced
fossil fuels
*Source: NZX hydro, mean inflows 1926 –2023
** Source: MBIE quarterly electricity generation and consumption 2015 to 2023
Source: MBIE quarterly electricity generation and consumption
Measured at the station grid entry point
3TWh
per annum
Calendar year
Calendar year
60%
19%
6%
10%
Gas
Geothermal
Hydro
3%
Wind
Coal
2%
Other
56%
7%
13%
21%
Hydro
Geothermal
1%
Wind
Gas
Coal
2%
Other
2022
2005
0.6
0.6
0.5
0.6
2.0
1.9
1.9
2.0
5.7
7.5
6.8
5.9
3.4
0.5
0.9
2.4
SepDecMarJun
Thermal and hydro storage
Mean hydro inflows
Wind
Geothermal
11.7
10.6
10.3
10.9

77
Sources: New Zealand's Greenhouse Gas Inventory 1990-2021 snapshot, 2023 Inventory,
TeRārangiHaurehuKati Mahanaa Aotearoa 1990-2021 -He whakarāpopotoNew Zealand
1
Based on the average of Contact’s published greenhouse gas data (FY18 to FY21)
Electrification will reduce carbon emissions
With New Zealand's high renewable penetration, electricity is the solution to reducing carbon emissions, not the problem
Government’s
first Emissions
Reduction Plan
Renewable electricity as
% of total energy use:
2022
2035
The Climate Change Commission expects electricity demand to
grow to meet climate targets Electricity demand, TWh
1
Source: Climate Change Commission 2021 (Demonstration case), Contact Energy analysis
Key
drivers
201020152020202520302035
0
40
5
35
45
50
55
0%
~40%
EVs
~40%
industry
~20%
buildings
Meaningful reductions in carbon emissions
are possible with renewable electricity
displacing carbon intensive fuels
Greenhouse gas
emissions by sector
(Greenhouse Gas
Inventory, 2021)
50%
29%
18.1%
49.2%
4.2%
7.2%
5.7%
8.2%
1.4%
6.0%
transport
agriculture
waste
other
energy
electricity
manufacturing
& construction
fugitive
emissions
industrial
& production
76.8
MtC0
2
e
~1.8%
1
76.8
MtC0
2
e

88
Aluminium
Demand
Short-term external factors that
can influence the marketinclude
thermal fuel price volatility and
availability risks as well as swings in
hydrology conditions.
Short-term
wholesale
electricity
prices
The market quickly responds to changes in
supply and demand by sending price signals
Wholesale and futures electricity pricing ($/MWh)
0
50
100
150
200
250
300
Sep-
22
Sep-
23
Sep-
20
10 year
average
spot price =
$104 /MWh
Sep-
13
Sep-
14
Sep-
15
Sep-
16
Sep-
17
Sep-
18
Sep-
19
Sep-
21
Long-dated (>12 months)
Short-dated (<12 months)
Monthly average spot price
Source: EMI wholesale pricing
Long-term pricing is linked to the long-run marginal costs of new renewable projects to meet demand,
plus costs associated with firming renewable intermittency. On this basis, Contact expects the long-term
wholesale price to revert to $100-110/MWh (2022 real).
And the fundamental requirement for thermal to support a hydro dominated system supports forward electricity prices

99
New Zealand has an open economy that works on free market principles
Why invest in New Zealand?
Safe, stable
and secure
business
environment
Simple tax
system
Ease of doing
business
Comparatively
low-developed
country business
costs
Innovative and
entrepreneurial
culture
Market
oriented
economy
Policies to
promote skills
immigration
Abundant
natural
resources
Strong
international
transport links
Modern
telecommunications
infrastructure
Stable banking
sector with
Reserve Bank
supervision
Most applicable to an investment in Contact
A stable economy and political system with a reputation for innovation and a
commitment to decarbonisation make New Zealand an attractive place to invest
Bipartisan
political support
for Net Zero by
2050

10
Contact
Energy
Overview

1111
<IR>
ESG CREDENTIALS
The investment opportunity in our core market is large and in line with our unique capability which will deliver cash
flow growth ultimately flowing through to dividends
Resilient generation portfolio: Strong cash flow
generation and operational performance with
best-in-class commodity risk management
Strong balance sheet to support growth investment;
with clear distribution policy to reward shareholders
Shares offer relative value and liquidity when
benchmarked against peers
Unique geothermal expertise
Delivering step change in normalised and
expected EBITDAF profile
Committed to decarbonising
our generation portfolio and
New Zealand
Why invest in Contact?
Delivering for
shareholders
World class geothermal resources being developed, committed to deliver 1.9TWh
p.a. of renewable baseload by end of 2024

12
Contact is one of New Zealand’s
most significant companies
All figures at 30 June 2023 or for FY23
It is an owner and operator of low-cost, long-life
renewable generation assets and is developing its
consented geothermal development options
86%
renewable
generation
5-year
average
5
geothermal
stations
2
hydro
stations
1
controlled
storage lake
3
thermal
peaking
stations
8.4TWh
5-year
average
generation
Long term
contract for gas storage
2,239
Bondholders
59k
shareholders
589k
customer
connections
1,242
employees
73
community
organisations
supported

1313
5 year average generation by station and type(FY19-FY23)
1
3,908GWh
1,252GWh
Roxburgh(320 MW)
Clyde (464 MW)
2,161
1,746
Hydro
Te Rapa and
Whirinaki (199MW)
Stratford – Peakers
(202 MW)
Stratford – CCGT
(377 MW)
Contact has a diversified and resilient portfolio of
generation assets
GeothermalThermal
8.4TWh
average
generated
271
212
769
Te Huka (27 MW)181
Ohaaki (41 MW)319
Poihipi (53 MW)340
Wairākei (124 MW)
1,034
Te Mihi (155 MW)1,361
3,234GWh
~1,870
Under construction
1
Numbers shown are net capacity
2
Total generation at TeRapa includes both spot and direct sales
Where we are
Geothermal
Note: Contact closed its gas-fired co-generation plant at TeRapa in 30 June 2023 as planned

14
Our strategy to lead NZ’s decarbonisation
Enablers
Transformative ways of working:
create a flexible and high-performing
environment for New Zealand’s top talent
Outcomes
Growth
Pivot our business to a new growth era that
captures the value unlocked by decarbonisation
Resilience
Deliver sustainable shareholder returns,
aligned with our ESG commitment
Performance
Realise a step-change in performance, materially
growing EBITDAF through strategic investments
Strategic
theme
Objective
Grow
demand
Attract new industrial demand with
globally competitive renewables
Grow renewable
development
Build renewable generation and
flexibility on the back of new demand
Decarbonise
our portfolio
Lead an orderly transition
to renewables
Create outstanding
customer experiences
Create NZ's leading energy and services
brand to meet more of our customers’ needs
Operational excellence:
continuously improving our operations
through innovation and digitisation
ESG: create long-term value through our strong
performance across a broad set of environmental,
social and governance factors

15
Contact has a clear path towards a long-term
thermal asset solution
Otahuhu closed in 2015
Market testing of ThermalCosolution concluded
Thermal asset review now complete
TeRapa closed June 2023
Confirmed TCC will run its remaining operating hours or as market
needs dictate. Decommissioning expected at end of 2024
Peakersto be retained, medium term, to assist orderly transition
without threatening stable, affordable electricity supply
Peakersfire up quickly to meet urgent, short-lived peak demand
With Otahuhu, TeRapa and expected TCC closures, Contact’s
emissions will have reduced by 70% over 10 years
Demand
Flexibility
in place with C&I.
Rollout to retail
Battery
Energy Storage
System
BESS FID in FY24
Renewable
development
10.3TWh total
renewables
(geothermal, wind,
solar) by end of FY27
Product
innovations &
pricing plans
Good Nights,
Dream Charge+
Changing consumer
behaviour
Orderly retirement
of baseload gas
generation
1
Horizon
Contact’s
solutions to
enable eventual
peaking plant
retirement
2
Horizon
Decarbonise our
portfolio

16
Our pathway to Net Zero for Scope 1 and 2
emissions by 2035
Note: Analysis is based on FY22 actual scope 1 and 2 emissions (indicative of mean year generation). Utilisation of the Peakerswill vary over future years depending on hydro sequences
and new technologies. Expected net impact of the Wairakei replacement, involving plans for carbon capture, is included in thesecond tranche of “capturing or reinjecting carbon”.
1
Includes expected units from DrylandcarbonOne Limited Partnership and Forest Partners Limited Partnership. Units are shown per annum and are based on current information and may
fluctuate based on climate conditions and/or regulatory updates.
788
299
92
Long term thermal
strategy implemented
Capturing or
reinjecting carbon
-207
FY22 scope 1
& 2 emissions
New emissions (Tauhara
& Te Huka unit 3)
-287
-36
-51
Forestry partners
units received
1

Run rate net
emissions at FY27
-128
Forestry partners
units received
1

-148
Capturing or
reinjecting carbon
-189
Additional initiatives
being assessed
Current emission breakdown
(ktCO
2
e)
Decarbonisation pathway
(ktCO
2
e)
TCC
TeRapa
SBTI FY26 target
648 ktCO
2
e
Decarbonise our
portfolio

17
Showing clear leadership in responsible
decarbonisationof NZ’s electricity supply
By investing to displace baseload thermal generation at Te Rapa and TCC and innovating
to reduce NZ’s reliance on fast start peakers for system security
FY12
FY22
FY23
538794
>1684
2,213
2
788529
39
116
FY18
79
8
1,177
18
Output from renewable generation (%)
1
Revenue from thermal generation (%)
2
Gas used in generation (PJ)
GHG emissions Scope 1&2 (ktCO
2
e)
1
Based on total output sold to the grid.
2
Calculated as pool revenue from thermal generation over Contact’s total reported sales.
3
In a mean hydrology year.
4
Estimate based on gas used in generation and geothermal portfolio carbon emissions rates, assuming a mean hydrology year.
Decarbonise our
portfolio
FY27
3
>95
<5
~300
~2
4

18
Key partnerships to advance demand growth
Large scale data centres
Major industrial energy users
Green chemicals
Industrial process heat
Road transport
Entered into 10-year renewable energy agreement
with Microsoft on new geothermal power station at
TeHuka(renewable energy attributes).
Supported around 50MW of new-to-market
lower South Island electricity demand.
Demand flex arrangements with key participants,
e.g Open Country Dairy and Alliance.
Working with Worley to assess commercial options for C0
2

captured at geothermal facilities.
Long term Tauhara backed PPAs: Genesis, Oji Fibre and Pan Pac.
Sold a structured 30MW 10-year hedge to NZ Steel for its new Electric Arc Furnace.
Supporting HW Richardson’s use of green
hydrogen for heavy transport.
Contact has developed a view of relative netbacks across applications and
will focus on those of highest value
Contact is focused
on the highest value
sources of new
demand, spanning
five key areas
Grow
demand

19
Market leading renewable development pipeline
Contact has built a renewable electricity development pipeline of >6TWh, and is targeting 10.3TWh of
renewable generation output online by end of FY27
Consented post-FID (under construction)
Consented pre-FID (development option)
2.1
1.1
1.9
3.0
Land access secured / exclusivity
Consenting in progress
1.9
1.6
20202023
3.5
6.5TWh
Potential options
for future uplift
Planned and
consented
>2027
Tauhara
(1.4TWh)
Te Huka
(0.4TWh)
GeoFuture
(1.4TWh)
Roxburgh
(45GWh
2
uplift)
Planned and consented renewable energy development projects
1
Expected generation (indicative):
Potential options for future uplift
Expected generation (indicative):
Tauhara
stage 2
(0.7TWh)
Remaining
capacity
Wairākei
closure
(1.0TWh)
Note: Timeline is shown based on calendar years.
1
All uncommitted investment / closures are subject to Board investment decisions. The Tauhara, TeHukaand Roxburgh investments have been committed to.
2
45GWh p.a. uplift is based on mean hydrology conditions.
Kōwhai Park
(Solar)
(0.3TWh)
Glorit
(Solar)
(0.3TWh)
20242025202620272023
Southland
(Wind)
(0.9-1.2TWh)
Battery
(100MW)
Grow
renewables
development

20
Geothermal investment programme underway
Supporting the decarbonisationof New Zealand by building world class geothermal power stations
Te Huka 3
Tauhara
GeoFuture
3
Size (TWhp.a)
Online date
Spend to date (to 30 Jun)
1
Committed spend
1
FID date
Total expected project cost
Current activity
1.4
0.4
1.4
4
Q1 2024
Q4 2024
2H 2026
Feb 2021
Aug 2022
Early 2024
Commissioning
Drilling and designConstruction (54% complete)
2
$748m
$116m $12m
$880m
$300m$114m pre-FID
5
$880m
$300m
$5.3 –5.7m/MW
4
Based on mid-point of 160-180MW indicative capacity range. Represents a net uplift of 0.4TWh per annum following the closure of Wairākei plants.
5
Approved pre-FID development costs. We are undertaking drilling from September 2023 and advancing steamfield design.
1
Includes sunk costs. Excludes capitalised interest.
2
As at 31 August 2023.
3
Subject to final investment decision (FID).
Grow
renewables
development

21
Construction
Design Efficiency through scope
optimisation(Design to Cost)
Simplification of specifications &
standardisation
Constructability in Design
Safety in Design
Front-end work and project planning
for flawless delivery
Major Project processes for
consistency in delivery
Contracting & procurement focus
Project Academy and mentoring programme
Acquire specialist knowledge through
partnerships (wind / solar)
Contracting strategies aligned with local,
regional and national industry capabilities
Partnership and collaboration mindset with
contractors and construction industry
Lean construction
Sustainability in construction
Clear vision and leadership
Defined functions to cover major project needs
Competent Resourcesand
Roles & Responsibilities
Cadence of execution and reporting
Full involvement of Major Projects team
during project development allowing for
gradual transition
OrganisationDesignCapability
We’ve developed the capability to execute large
capital projects through our Major Projects office
TauharaTe Huka 3GeoFutureSolarWind
Battery
Grow
renewables
development

22
Create
outstanding
customer
experiences
Contact’s retail business
An innovative customer-focussed business with multiple service offerings
Electricity
Gas
Broadband
Retail electricity market-share by customer connections
Contact products by customer connection
19%
23%
16%
26%
16%
Meridian
Contact
Genesis
Mercury
Other
Source: EMI, Aug 2023
Mobile
Electricity is purchased from the wholesale business at an
arm's length internal transfer price and sold on to mass market
customers. Innovative time-of-use ‘Good’ plans support
customers to shift usage to periods of low-carbon generation.
Broadband is offered as a bundled service to Contact’s
electricity and gas customers. The broadband service is
delivered via wholesale partner and regulated nationwide
fixed (FTTH/DSL)
1
as well as wireless networks.
Contact Mobile is a new service offering launched in
August 2023. Mobile is offered to customers as both a
standalone or bundled service. Mobile service is delivered
via MVNO
2
agreement with network partner One NZ.
Natural gas is purchased from New Zealand suppliers,
who obtain the gas from domestic natural gas fields, and
is on-sold to customers. Gas services include piped
natural gas.
73%
12%
15%
Electricity
Broadband
Gas
At 30 June 2023
589,000
customer
connections
589,000
customer
connections
At 30 June 2023
1
Fibre to the Home (FTTH) / Digital Subscriber Line (DSL)
2
Mobile Virtual Network Operator (MVNO)

23
Scaling retail business through adjacencies
Incremental margin and improved customer experiences drive increased customer lifetime value
Broadband:
Growing
Multi product attachment
continues to drive lower churn
Broadband connections
Multi-product churn benefit
Customer month churn rate by bundle Dec 21-Dec 22
Single Product2 Products3 Products
2.0%
2.7%
1.7%
1 point improvement
Rapidly
building scale
and market
share
Expanding data
connectivity through
Contact Mobile
Bringing to life ‘Energy Mobility’ digitally through partnerships
Bundling
creates
loyalty
Contact
Solar
Time of use
Energy Plans
Batteries
Energy
Control
EV
Dynamic load control will improve
management of peak load and
compliment ‘Good’ plans
Contact
Contact Dynamic
Load Control
Contact
Mobile
Create
outstanding
customer
experiences
26,000
51,000
71,000
86,000
Jun-23Jun-20Jun-21Jun-22
+47%
CAGR

24
Contact expects to deliver near term uplift in
renewable generation and EBITDAF
Further substitution of baseload gas generation for low cost geothermal to drive EBITDAF margin uplift
6.8
7.5
7.1
6.8
7.2
7.1
7.27.27.27.2
1.4
1.9
1.91.9
0.6
1.8
FY20FY23FY22FY18FY19
0.3
FY21FY24FY25FY26FY27
8.6
9.3
9.6
10.9
Under development (by EOY)
1
Total existingUnder construction (by EOY)
2
Renewable generation –Annual output (TWh)
(Exit run-rate illustration)
10.3TWh p.a.
FY27 target
(online EOY)
Mean renewables 7.2TWh p.a.
(varied by hydrology conditions)
Assumes
mean hydro
conditions
FY24-FY27
Additional annual
output shown on
EOY-online basis
1
Includes two grid scale solar projects (0.3TWh p.a. each) and the Southland wind project (0.9-1.2TWh p.a.). Each is progressing through consenting and development processes and remains subject to final investment decision.
Also includes the consented GeoFuture project, for the replacement of Wairakei A&B geothermal station (net 0.4TWh p.a. uplift in output based on ~170MW replacement plant), subject to final investment decision.
2
Includes geothermal plants under construction at Tauhara (1.4TWh p.a.) and Te Huka (0.4TWh p.a.) and uplift from the planned refurbishment of hydro turbines at Roxburgh (0.05 TWh p.a.).
3
Refer to slide 43 of FY23 results presentation for reconciliation of EBITDAF.
4
Underlying EBITDAF excludes non-cash accounting item: onerous contract provision expense of $113m.
480
520
550
600
553
546
FY21FY23FY22FY24
573
4
Actual result delivered
Guidance (normalised and expected at beginning of the year)
EBITDAF Guidance vs Actual ($m)
3
Strong track record of delivering
performance above guidance
Hydrology swing of +/-$50m EBITDAF remains
FY24
TBU
FY25
FY27+
Mean guidance to be
updated for:
•Tauhara online FY24
•TeHuka3 online FY25
•Wind/solar FY26/27+
subject to consenting
and FID

25
Appendix:
Supporting
information

We have stepped up our ambitions for
the delivery of Contact26
Strategic pillar
FY27 ambitions
1
Decarbonise
our portfolio
Grow demand
Grow renewables
development
Create outstanding
customer experiences
Scope 1 and 2 GHG emissions run-rate of ~300ktCO
2
e, putting us well
on track to our 2035 net zero commitment.
Renewable flexibility strategy to reduce reliance on thermal peaking.
Facilitate 100MW of new demand.
Reach 100MW total Demand Flex and start pivoting to Demand Response.
New green chemical channel established contributing incremental EBITDAF.
Grow to 10.3TWh p.aof renewable assets from geothermal new build, solar and wind.
100MW battery operational.
Greater than 685k connections.​
CTS at global benchmark of <$80/ connection.​
Grow EBITDAF contribution from non-energy lines of business by 3x.
Top quartile NZ Business for Sustainability survey
2
and most Trusted Energy brand
3
.
And we have committed to reach net zero (Scope 1&2) by 2035
1
Set in May 2023.
2
As measured by Kantar Better Futures survey.
3
As measured by Contact’s independently surveyed brand tracker.

27
27
57
43
50
57
76
942
852
939
-258
-252
-258
-265
-291
-51
-46
-76
-85
-56
-184
-152
-230
-185
-94
Variable
fuel costs
1,068
FY21
Electricity
sales revenue
FY19
1,023
FY23FY22
2
FY20
Other gross
margin
Fixed operating
costs
Location losses
505
1
446
553
546
573
Operating earnings (EBITDAF)
103
105
108
106
115
0.83
4.57
1.33
3.79
5.14
0.81
3.61
3.73
FY19
3.74
FY20FY21
3.69
1.39
FY22
1.42
FY23
4.59
4.94
5.08
RetailLong-term sales
84
83
101
117
126
FY19
1.67
0.55
2.23
1.50
0.63
1.44
0.34
FY20FY21
1.13
0.39
FY22
0.52
2.14
0.15
FY23
1.77
1.52
0.67
ThermalAcquired
Electricity sales
Variable fuel costs
11111
3.33
3.94
4.23
FY19
3.26
3.11
3.75
3.70
7.22
FY20FY21
3.28
FY22
7.49
3.92
3.19
FY23
7.08
6.81
7.10
GeothermalHydro
(i) Renewables
(ii) Thermal and acquired
93
87
131
133133
1.04
2.10
2.17
4.10
3.02
FY19
0.97
1.26
0.86
1.94
FY20
1.23
0.94
0.93
2.63
FY22FY21
0.63
5.03
1.10
1.44
0.09
FY23
4.29
3.66
Commercial and IndustrialSpot sales
CFDs
(i) Long-term channels
(ii) Market channels
Price
($/MWh)
Volume
(TWh)
Price
($/MWh)
Volume
(TWh)
Fuel cost
($/MWh)
Volume
(TWh)
Fuel cost
($/MWh)
Volume
(TWh)
Integrated portfolio performance
Continuing operations ($m)
1
EBITDAF
2
1
2
1
Underlying EBITDAF excluding the impact of the sale of Rockgas (LPG business)
2
Refer to slide 43 of FY23 results presentation for a definition and reconciliation of EBITDAF. Contact has made reclassifications to better align with IFRIC guidance on IFRS 9 resulting in realisedgains/losses from market derivatives not in a hedge
relationship (includes market making activity) no longer being reported in operating income (EBITDAF). FY22 figures restated accordingly.
98
96
118
117
121
7.77
9.62
8.86
9.04
8.74
Price ($/MWh)
Volume (TWh)