CHI presentation to Rapid Insights Conference

1
CIP Queenstown
Conference
NZX: CHI | ASX: CHI
June 2026

2
World-class operator with strong safety track record
Ownership of critical infrastructure in New Zealand and Australia
Long-term customer contracts, ~50%
1
of contracted revenue independent of fuel volumes
Stable inflation-linked revenues underpinned by long term contracts, strong cash flows and balance sheet
Stable and growing dividend paying 70-90% of Normalised Free Cash Flow
Infrastructure resilient through transition to liquid renewable fuels
Proven execution with capital intensive projects delivered safely, on budget, and on time that have significantly grown
earnings and diversifiedcustomer base
Significant opportunity for selective and disciplined growth including additional storage, delivery of the Marsden Point
Energy Precinct and acquisitions in New Zealand and Australia
Investment Proposition
1. Excluding revenue from Government diesel storage contract announced 20 April 2026

3
Ownership of Critical Infrastructure in New Zealand and Australia
>290
>385
25%
share of Somerton Pipeline to
Melbourne Airport
>350

4
Q1 2026 fuel throughput in-line with expectations, despite Iran conflict
1,100
1,087
1,089
282
280
261
276
0
200
400
600
800
1,000
1,200
1,400
1,600
202320242025Q1 2026
Diesel annualDiesel Q1
1,012
992
1,024
249
254
273
251
0
200
400
600
800
1,000
1,200
1,400
1,600
202320242025Q1 2026
Petrol annualPetrol Q1
1,258
1,404
1,422
280
387
381
404
0
200
400
600
800
1,000
1,200
1,400
1,600
202320242025Q1 2026
Jet annualJet Q1
Q1 DIESELQ1 PETROL
251m litres
In line with Envisory
forecast
276m litres
In line with Envisory
forecast
404m litres
Broadly in line with
expectation
Q1 JET

5
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
202520262027202820292030203120322033203420352036203720382039204020412042204320442045204620472048204920502060
Million Litres
JetDieselPetrol
Long-term business underpinned by jet fuel demand at Marsden Point
Long-term Fuel Throughput Outlook for Marsden Point
Source: Envisory (October 2024) - independent consultant commissioned to produce fuel throughput outlook for Channel’s Marsden Point facility in New Zealand

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51%
51%
52%
50%
49%
49%
50%
50%
0
20
40
60
80
100
120
140
160
180
20252026202720282029203020312032
Contracted storageTerminal revenue - fixedTerminal revenue - variable
Contracted storage - Government dieselInflation of 0% to 2.5%Take or pay threshold + Contracted Storage
Contracted revenue outlook $M
1
Revenue underpinned by contracted fixed revenue, PPI indexation and take-or-pay
1.Outlook uses Envisory base case (released October 2024) assumptions and is subject to change based on actual fuel throughput volume. Contracted Revenue from 2026 onwards incudes 3.25% inflation for FY26
2.Excluding revenue from Government diesel storage contract announced 20 April 2026
Contracted
Fixed
Revenue
Fixed revenue %
of total revenue
2
2

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11.0cps
13.0cps
FY24FY25
$63.4m
$66.9m
FY24FY25
$89.1m
$92.4m
$95.1m
$93.4m
FY24FY25
Underlying EBITDALegacy Wiri lease
$133.8m
$139.2m
$139.8m $140.2m
FY24FY25
Underlying RevenueLegacy Wiri lease
67%
72%
FY24FY25
$29.3m
$27.1m
FY24FY25
(68%)
(67%)
2025 Financial Highlights – Continuing Operations
Revenue
+4% growth in Revenue (excluding Wiri lease)
Normalised Free Cash Flow
EBITDA (Margin %)
+4% growth in EBITDA (excluding Wiri lease)
Dividends
Growth Capex
Free Cash Flow Conversion
+18%
+5%

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Strong balance sheet and disciplined Capital Allocation Framework
1.Calculated as total borrowings (bank, fixed rate bonds) less cash and cash equivalents. Excludes
the fair value movement of retail bond CHI030
Growth investment
Net Cash Flow from Continuing
Operations
less Financing Costs
Deleveraging
Target credit metrics consistent
with a shadow BBB/BBB+ credit
rating
Dividend Policy
3
Deliver a stable and growing dividend by paying out 70-90% of
Normalised Free Cash Flow on average over time
Maintenance Capex
8-10% revenue
Conversion
Less than $30 million remaining
Normalised Free
Cash Flow
2
Excess Cash Flow
available for
Special dividends
At the Board’s discretion, in the
absence of growth investment
opportunities
Above WACC returns
Contracted Revenue
0
20
40
60
80
100
120
140
160
180
20262027202820292030
Retail bonds (CHI030)Retail bonds (CHI020)Bank
6.75% p.a.
CovenantFY25HY25FY24
Net debt
1

$330m$297m$296m
Liquidity headroom
$108m$138m$138m
Leverage
(Net debt/Rolling 12-month EBITDA)
3.6x3.1x3.1x
Gearing
(Net debt/(Net debt + Equity))
<55%
30%27%27%
Interest cover ratio
(Rolling 12-month EBITDA/Net interest
expense)
>2.5x
5.65.24.7
Weighted average debt
maturity
3.6 years3.7 years4.2 years
Debt Maturity Profile ($m)
2.Normalised free cash flow is calculated as net cash flow from continuing operations less financing
costs and maintenance capex (excluding conversioncosts and growth capex)
3.The Board reserves the right to amend the dividend policy at any time. Each dividend will be
determined after due consideration of the capital requirements, operating performance, financial
position and cash flows of the Company at the time

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Our Strategy
OUR VISION
World-class energy infrastructure company
OUR PURPOSE
Delivering resilient infrastructure solutions to meet changing fuel and energy needs
OUR STRATEGIC PRIORITIES
Strong safety
systems and
culture
Resilient
infrastructure
Long-term asset
management
Customer focused
People and
capability
development
Future focused
Continuous
Improvement
Adaptive
Repurposing
Marsden Point
Support transition
of aviationto lower
carbon fuels
Marsden Point
Energy Precinct
Concept
Brownfield
opportunities at
Marsden Point
Consolidator of
fuels infrastructure
Supply chain
optimisation for
our customers
Reducing
environmental
impacts
Community
engagement and
iwi relations
Just transition
Transparency and
disclosure
Target credit
metrics consistent
with a BBB/BBB+
shadow credit
rating
Deliver above
WACC returns
Cost management
Stable and growing
dividends
Infrastructure
Partner of Choice
Grow Through Supporting
the Energy Transition
More Sustainable Future
World-Class
Operator
High Performance
Culture
Grow from
the Core
Support Energy
Transition
Good Neighbour,
Good Citizen
Disciplined Capital
Management

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Proven execution of growth with projects delivered safely, on budget, and on time
20222023202420252026+
Nov-22: Additional Storage
May-24: Transmix Storage
Nov-21: 100 million litres Private Storage
Nov-24: Bitumen import terminal
Remains on track to be completed
in Q4 2026
Aug-24: Z Energy Jet Fuel Storage
On track for July 2026
Oct-23: Additional Storage
Aug-25: Additional Storage Extension
Conversion Project
$220 million conversion project continues to be
delivered safely, on-time and to-budget
Measured growth step-out
First measured growth step-out with strategic
acquisition of 25% of Somerton pipeline to
Melbourne Airport in November 2025
Completed
In-Progress
New projects
Five growth projects signed over the past three years
delivering an additional ~$205 million (before PPI
indexation) in incremental revenue over 15 years
2021
Apr-26: Government Diesel Storage
93 million litres of additional diesel
storage at Marsden Point (30%
increase in in-service storage
volume)
Acquisition

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Our Growth Priorities
Selective and disciplined approach to growth, with Marsden Point and our current supply chain the main focus
Nearer term opportunities identified for:
•Additional product storage
•Fuel and energy security projects
Deep experience in project delivery
safely, on budget and on time
Strong return on investment given
repurposing of existing assets
Marsden Point Energy Precinct
#1
Synergistic consolidation along
Channel’s current supply chain to
Auckland Airport
Channel already owns a premium suite
of assets in the New Zealand fuels supply
chain, handling 80% share of Jet volume
and 40% of all transport fuels
#2
Measured growth step-outs
focused on adding to the quality
of Channel’s assets
Acquisitions in New Zealand or
Australia where there is opportunity to
add value:
•Through world-class capability and
proven operation of high-hazard
facilities
•By supporting our customers’
strategies as they evolve and their
capital is reprioritised
•Targeting liquid fuels growth
markets (e.g. jet) and opportunities
supporting the energy transition
#3

MCH, Ammonia / Greenfields Fuels Storage
(9 hectares)
Biofuels Manufacture
Jetties
SAF / Hydrogen
manufacture
Lease (to Long-term Tenant)
Public Access (Mair Road)
Diesel Peaker
Truck Loading Facility (Leased)
Flow Battery
IPL
Stormwater Retention Basin
Jet/SAF Compound
(120 Million Litres Capacity -
75 Million Litres contracted)
Diesel/Biofuels Compound
(120 Million Litres Capacity)
Energy Security Opportunities
Future Fuels Manufacturing Opportunities
Additional Storage Opportunities
Current Facility
Leased to Third Parties
Owned by Others
Marsden Point Energy Precinct
Transformational for Channel and New Zealand
Bitumen Terminal
(under construction)
Transpower, Northpower
Greenfields Fuels Storage (36 hectares)
Strategic Fuels Storage

MCH, Ammonia / Greenfields Fuels Storage
(9 hectares)
Diesel/Biofuels Compound
(120 Million Litres Capacity)
Additional storage opportunities
More than 350 million litres of available storage and 45
hectares of land for potential greenfields storage
Greenfields Fuels Storage (36 hectares)
Strategic Fuels Storage
•93 million litres of
additional diesel storage
brought into service for
the New Zealand
Government on an
accelerated timeframe of
two months in June 2026
•More than 350 million
litres of storage capacity
remains available for
repurposing
•45 hectares of land
available for greenfields
tank construction
•Existing resource
consents, jetties and
pipeline infrastructure
facilitate relatively
condensed delivery
timelines
Additional Storage Opportunities
Current Facility

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Viva Geelong
Refinery
Viva Newport
Terminal
Mobil Altona
Terminal
Mobil Yarraville
Terminal
Proven operator ExxonMobil
JV Owners:
•Channel Infrastructure 25%
•ExxonMobil 37.5%
•Viva Energy 18.75%
•bp 18.75%
~10km pipeline from Somerton
Depot to Melbourne Airport JUHI
Capacity of 4.4 million litres / day
Melbourne AirportSomerton DepotSomerton Pipeline JVTullamarine Pipeline
Other Terminals
Trucking
~34km pipeline from terminals and
refineries to Somerton Depot
Capacity of 16.3 million litres / day
Owners:
•ExxonMobil 50%
•Viva Energy 25%
•bp 25%
Owners:
•ExxonMobil 50%
•Viva Energy 25%
•bp 25%
2025 Metrics
1
•>2,600 million litres jet fuel
demand
•239k aircraft movements
•37 million passengers
Australia’s second busiest
airport
1. 12 months to December 2025
Channel 25% ownership
Channel has a Strategic Position in Melbourne’s Jet Fuel Supply Chain

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FY26 Guidance and Outlook
•FY26 EBITDA guidance lifted to $97 - $105 million (from $95 - $100
million) in May 2026 reflecting:
•New Zealand Government diesel storage contract
•Z Energy jet storage six months ahead of schedule
•expanded scope of bitumen import terminal
•uncertainty around fuel demand in high-price fuel
environment
•PPI for FY26 is 3.25% with approximately 95%
1
of Channel’s revenue
linked to PPI in 2026
$97-105 million
(FY25: $93.4 million)
Normalised Free Cash
Flow Conversion
Broadly in line with FY25
(FY25: 72%)
FY26 Maintenance
capex
8-10% of Revenue
(FY25: 8.8%)
FY26 EBITDA
Guidance
1. Excluding revenue from Government diesel storage contract announced 20 April 2026

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•This presentation contains forward looking statements concerning the
financial condition, results and operations of Channel Infrastructure NZ
Limited (hereafter referred to as “CHI”).
•Forward looking statements are subject to the risks and uncertainties
associated with the fuels supply environment, including price and foreign
currency fluctuations, regulatory changes, environmental factors,
production results, demand for CHI’s products or services and other
conditions. Forward looking statements are based on management’s
current expectations and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in these
statements.
•Forward looking statements include among other things, statements
concerning the potential exposure of CHI to market risk and statements
expressing management’s expectations, beliefs, estimates, forecasts,
projections and assumptions. Forward looking statements are identified by
the use of terms and phrases such as “anticipate”, “believe”, “could”,
“estimate”, “expect”, “goals”, “intend”, “may”, “objectives”, “outlook”, “plan”,
“probably”, “project”, “risks”, “seek”, “should”, “target”, “will” and similar terms
and phrases.
•Readers should not place undue reliance on forward looking statements.
Forward looking statements should be read in conjunction with CHI’s
financial statements. This presentation is for information purposes only
and does not constitute legal, financial, tax, financial product advice or
investment advice or a recommendation to acquire CHI’s securities and
has been prepared without taking into account the objectives, financial
situation or needs of individuals. Before making an investment decision,
you should consider the appropriateness of the information having regard
to your own objectives, financial situation and needs and obtain
independent professional advice.
Important Information
•In light of these risks, results could differ materially from those stated,
implied or inferred from the forward-looking statements contained in this
announcement. CHI does not guarantee future performance and past
performance information is for illustrative purposes only. To the maximum
extent permitted by law, the directors of CHI, CHI and any of its related
bodies corporate and affiliates, and their officers, partners, employees,
agents, associates and advisers do not make any representation or
warranty, express or implied, as to accuracy, reliability or completeness of
the information in this presentation, or likelihood of fulfilment of any
forward-looking statement or any event or results expressed or implied in
any forward-looking statement, and disclaim all responsibility and liability
for these forward-looking statements (including, without limitation, liability
for negligence).
•Except as required by law or regulation (including the NZX Listing Rules or
ASX Listing Rules), CHI undertakes no obligation to provide any additional
or updated information whether as a result of new information, future
events or results or otherwise.
•Forward looking figures in this presentation are unaudited and may
include non-GAAP financial measures and information. Not all of the
financial information (including any non-GAAP information) will have been
prepared in accordance with, nor is it intended to comply with: (i) the
financial or other reporting requirements of any regulatory body; or (ii) the
accounting principles generally accepted in New Zealand or any other
jurisdiction, or with IFRS. Some figures may be rounded, and so actual
calculation of the figures may differ from the figures in this presentation.
Non-GAAP financial information does not have a standardised meaning
prescribed by GAAP and therefore may not be comparable to similar
financial information presented by other entities. Non-GAAP financial
information in this presentation is not audited or reviewed.
•Each forward-looking statement speaks only as of the date of this
announcement, 17 June 2026.