Downer Awarded NZ$600m Contract with Powerco

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Media/ASX and NZX Release
31 March 2025
DOWNER AWARDED NZ$600M ELECTRICITY FIELD SERVICES CONTRACT WITH
POWERCO

Downer EDI Limited (Downer) today announced it had been awarded an Electricity Field Services
Agreement with New Zealand energy distribution company, Powerco, valued at approximately NZ$600
million (AU$540 million) over a maximum term of 12 years.

The contract commences on 1 July 2025 and is for an initial period of five years (valued at approximately
NZ$250 million), with provisions for extension options for a further seven years (taking the total value if all
extensions are exercised, to approximately NZ$600 million).

Under the contract, which replaces Downer’s current field services work with Powerco, Downer will provide
maintenance, minor capital works and fault repair services across two regions of Powerco’s electricity
distribution network on New Zealand’s North Island.

The Chief Executive Officer of Downer, Peter Tompkins, said this further showcases Downer as a leader in
the delivery of power distribution network services.

“This long-term contract reflects Downer’s strong and reliable performance for Powerco over more than a
decade,” Mr Tompkins said.

“It strengthens our position as a market leader in New Zealand’s Utilities sector, and is a strong endorsement
of Downer’s proven track record to help our customers provide cost-effective, safe and reliable energy for our
communities.

“We look forward to furthering our partnership with Powerco, and leveraging our capability to continue
supporting their commitment to contribute to a lower carbon world.”

Authorised for release by Downer’s Chief Executive Officer, Peter Tompkins

About Downer
Downer is the leading provider of integrated services in Australia and New Zealand. It exists to enable communities to
thrive, delivering essential infrastructure services that improve the lives of millions of people every day, while leaving a
lasting legacy for future generations. Downer is one of Australia and New Zealand’s largest employers, with a workforce
of more than 26,000 people who are united by a high-performance culture, called ‘The Downer Difference’. Downer
operates in sectors that are closely connected to the investment that is being driven by population growth, urbanisation,
national security, and decarbonisation – including roads, rail, ports and airports, power, gas, water, telecommunications,
health, education, defence, and other government sectors.

For more information visit downergroup.com.


For further information please contact:
Media: Mitchell Dale, General Manager Corporate Affairs +61 448 362 198
Investors: Mel Buffier, Group Head of Investor Relations +61 411 622 899
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com