Channel presentation to Jarden NZ Companies Day

1
Jarden
17th NZ Annual
Companies Day
31 August 2026

2
Highlights and
Operating Update
ROB BUCHANAN, CHIEF EXECUTIVE

3
Strong and consistent safety performance with significant increase in contractor activity on site
Strong financial result with FY26 EBITDA guidance upgraded today from $97-$105 million to $103-$108 million
World-class operational performance across all measures notwithstanding the global fuel supply chain disruptions
Throughput volumes remained stable and in line with the Envisory outlook and Channel’s expectations despite high fuel price environment
Additional 93 million litres of diesel storage for the New Zealand Government successfully brought into service in only nine weeks, securing
an additional nine days of diesel supply for New Zealand
Z Energy jet storage project completed July 2026, six months ahead of the original schedule and within budget, with revenue now in H2 2026
Higgins bitumen import terminal project on track for completion in late Q4, with expansion of scope and capabilities
US$5.95 million to be received for the sale and removal of fully decommissioned CCR Platformer unit as part of critical enabling works for
Marsden Point Biorefinery. Given the global environment the biorefinery consortium’s equity raise process is taking longer than anticipated
The Board has declared an interim dividend of 7.25 cents per share (up 16% from HY25)
Announced 28 August 2026 a new 15 year contract with bp for significant additional jet and diesel storage generating ~$130 million of
additional revenue over the contract term (pre-PPI indexation), commencing in Q3 2028. Growth capital expenditure investment of $65-70
million across 2026 to 2028 and will be funded through existing debt facilities
HY26 Highlights – delivering fuel resilience for New Zealand

4
$6.0m
$8.5m
$11.5m
$25.1m
$17.5m
$33.6m
HY25HY26
MaintenanceGrowth
$69.2m
$72.9m
$70.2m
$72.9m
HY25HY26
Underlying RevenueLegacy Wiri lease
(69%)(67%)
HY26 Financial Highlights
1
Revenue
+5% growth in Revenue (excluding Wiri lease)
Normalised Free Cash Flow
EBITDA (Margin %)
+3% growth in EBITDA (excluding Wiri lease)
Dividends
+16% on HY25
Capex
Includes New Zealand Government diesel
storage project
Free Cash Flow Conversion
1.Continuing Operations
$34.2m
$33.6m
$35.2m
$33.6m
HY25HY26
Underlying Normalised FCFLegacy Wiri lease
6.25cps
7.25cps
HY25HY26
$47.5m
$48.8m
$48.5m
$48.8m
HY25HY26
Underlying EBITDALegacy Wiri lease
73%
69%
HY25HY26

5
65%
28%
18%
13%
33
28
26
24
30
-
5
10
15
20
25
30
35
1H242H241H252H251H26
99.6
99.4
99.1
99.0
99.4
100.0100.0
99.9
99.0
99.3
1H242H241H252H251H26
Pipeline availabilityTank availability
1.8
1.7
1.7
1.8
1.7
1H242H241H252H251H26
4
3
2
FY24FY251H26
0.4
0.5
CONCAWEFY24FY251H26
Tier 1Tier 2
83%
80%
82%
85%
82%
1H242H241H252H251H26
Strong safety and operational performance
Marsden Point throughput (billion litres)Number of ships
Pipeline utilisationAsset availability

(%)
Process safety incidents
1
Total Recordable Cases
3
1.Tier 1 or 2 Process Safety Event per API 754 – A Tier 1 event is a release of material above specific
thresholds or that results in a LTI or fatality or damage of $100,000 or more; A Tier 2 event isa
release of material above specific thresholds or that results in a recordable injury or damage of
$2,500 or more
2
2.CONCAWE 2024 benchmark Marketing category (terminals, logistics and retail sites)
3.Total Recordable Case: includes Lost Time Injury, Medical Treatment Injury, Restricted Work Injury
and Fatality
Increased ship
movements with
smaller fuel parcels
through the fuel crisis

6
579
705
693
710
679
699
729
1,258
1,404
1,422
2023202420252026
H1H2
Growth in Jet demand during H1
•HY26 jet volumes grew by 2.5%, broadly in line with Channel’s
expectations
•Strong first quarter 2026 jet throughput reflected continued growth
of international services at Auckland Airport before the conflict in
the Middle East
•Q2 2026 jet throughput was impacted by higher jet prices and
Middle Eastern carriers operating a reduced schedule with flights
beginning to be restored towards the end of the quarter
•The earlier than expected return of Air New Zealand’s full widebody
fleet in June 2026 marks the end of their engine shortage
groundings, supporting international capacity and continued
growth in jet fuel demand
•Somerton throughput broadly in line with expectations, albeit
Melbourne Airport impacted to a greater extent than Auckland by
schedule disruptions to Middle Eastern carriers in Q2
Marsden Point Jet Throughput
Million Litres
Quarterly Marsden Point Jet Throughput
Million Litres
381
312
404
307
-50
50
150
250
350
450
Q1Q2
20252026

7
0
5
10
15
20
25
30
35
0
1,000
2,000
3,000
4,000
5,000
Dec 17Dec 18Dec 19Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Jun 26
DieselPetrolHybridEV
Petrol & diesel stable despite high prices
Petrol
•Petrol throughput remained stable, in line with the Envisory
outlook
•Elevated fuel prices throughout HY26 impacted demand
•Permanent 18 million litre petrol tank outage at Wiri in Q1 2026
resulted in a one-off drop in throughput for that period. The
tank is being converted to jet fuel storage and is expected to
be back in service H1 2027
•The combined diesel and petrol light vehicle fleet has been
stable since 2017
Diesel
•Diesel throughput remained stable, in line with the Envisory
outlook
498
509
504
487
514
483
520
1,012
992
1,024
2023202420252026
H1H2
Petrol Throughput
Million Litres
New Zealand Light Vehicle Fleet (000s)
Source: Ministry for Cities, Environment, Regions & Transport
EV new registrations
(RHS)
556
547
538
536
544
540
551
1,100
1,087
1,089
2023202420252026
H1H2
Diesel Throughput
Million Litres

8
Financial
Update
ALEXA PRESTON, CHIEF FINANCIAL OFFICER

9
Reported Profit and Loss Result
1
HY26
($M)
HY25
($M)
% change
Revenue
72.969.25%
Revenue – legacy Wiri lease
-1.0n/a
Reported Revenue
72.970.24%
Operating costs
(24.1)(21.8)11%
EBITDA
48.848.51%
EBITDA margin
67%69%
Depreciation
(22.4)(21.0)7%
Depreciation – legacy Wiri lease
-(1.0)n/a
Net financing costs
(0.2)(8.1)(98%)
Net profit before tax
26.318.443%
Income tax
(7.0)(5.3)32%
Net profit after tax
19.313.147%
Continued strong and stable financial result in line with upgraded guidance
•EBITDA up 1% reflecting contracted storage revenue uplift and PPI
indexation, partly offset by loss of the legacy Wiri lease and the
contracted step down of fixed terminal fees that occurred on 1
April 2025. Underlying EBITDA up 3% excluding the legacy Wiri lease
•Stable EBITDA margin of 67%(HY25: 69%)
•Finance costs include $7.2 million non-cash credit from jetty
restoration provision reassessment
1.Continuing Operations

10
Revenue
1
HY26
($M)
HY25
($M)
% change
Terminal fees – fixed
23.324.0(3%)
Terminal fees – variable
33.031.55%
Contracted storage
11.710.215%
Other operating revenue
3
2.51.839%
Laboratory testing
2.52.7(7%)
Total Revenue
72.970.24%
Revenue
Revenue up 5% excluding legacy Wiri lease
•Fixed fees impacted by a contracted step down in fixed terminal
fee from 1 April 2025, offset by PPI indexation
•Variable terminal fees higher reflecting PPI indexation of 3.25% and
higher wharfage fees from 30 import vessels received,
includingone shipment utilised to partially fill the 93 million litres of
Government diesel storage
•Contracted storage revenue higher due to PPI indexation and a
partial month of Government diesel storage
2
•Other operating revenue
3
incudes Somerton pipeline revenue and
other one-off recharges, partially offset by the loss of legacy Wiri
lease revenue (HY25 $1 million)
•Laboratory revenues decreased due to lower testing volumes
1.Continuing Operations
2.Government diesel storage is not subject to PPI indexation
3.Previously Lease and other

11
Operating Costs
1
HY26
($M)
HY25
($M)
% change
Energy and utility costs
4.44.17%
Materials and contractor payments
5.74.527%
Salaries, wages and benefits
8.27.312%
Administration and other costs
5.85.8-
Total Operating Costs
24.121.811%
One-off expenses related to growth
0.40.6(33%)
Operating Costs
Underlying costs up 6% excluding the impact of Somerton
•Disciplined cost management of controllable costs
•Energy and utility cost higher than prior period due to inflationary
adjustments in transmission charges and a one-off transmission
credit in HY25
•Materials and contactor payments for HY26 include Somerton
pipeline operating costs. Excluding Somerton these costs
increased 4%
•Salaries, wages and benefits up reflecting labour cost inflation,
filling of vacancies and new positions required to deliver world-
class resilient operations
•Administration and other costs were delivered in line with prior
year, despite inflationary environment
1.Continuing Operations

12
HY26
($M)
HY25
($M)
Import Terminal System
5.11.8
Tank maintenance
3.44.2
Total maintenance capex
8.56.0
% of revenue
11.7%8.5%
Growth capital expenditure
25.111.5
Conversion capex
2.21.7
Site redevelopment capex
5.7-
Total capital expenditure
1
41.519.1
Investment for resilience and growth
•Maintenance capex spend reflects upgrading terminal control
systems, scheduled jetty and pipeline upgrades and tank statutory
inspection upgrades
•On track for FY26 Maintenance capex of 8-10% of revenue, with
HY26 result reflecting phasing of maintenance activity
•Growth capex includes the Z Energy jet tank conversion, New
Zealand Government diesel storage tank conversion and Higgins
bitumen import terminal
•Bunding work continues with conversion project remaining on
track to be delivered by the end of 2027
1.Capex in this table is presented on an accrual basis

13
330
(49)
7
8
22
5
(0)
23 346
-
50
100
150
200
250
300
350
400
Net Debt FY25Operating cashflowFinancingMaintenance capexOrdinary dividendsSite redevelopment
capex
Conversion costsGrowth capexNet Debt HY26
Continued headroom in operating cashflow for future dividend growth
1.Net cash generated fromcontinuing operations less financing, maintenance capex, excluding conversion costs, site redevelopment costs and growth capex (including acquisitions)
2.Ordinary dividends reflect the final FY25 dividend paid in March 2026
3.Conversion costs include discontinued operations and conversion cash inflows and outflows. HY26 includes capex associated with the bund conversion program offset by the return of a Court deposit in
relation to the final legacy litigation case which is now concluded.
•HY26 Normalised Free Cash Flow from operations
1
of $33.6 million, representing an EBITDA to Free Cash Flow conversion of 69%, slightly lower
than HY25 due to increased payables and higher maintenance capex during the half
•The Board has declared anunimputedordinary interim dividend of7.25 cents per share, a 16% increase in ordinary interim dividend. The
Dividend Reinvestment Plan will be offered at a 1% discount for the interim dividend
Normalised Free cash-flow from operations
1
$33.6 million
32

14
-
40
80
120
160
200
Jun 26Dec 26Jun 27Dec 27Jun 28Dec 28Jun 29Dec 29Jun 30Dec 30
Retail bonds (CHI030)Retail bonds (CHI020)Interest rate swaps
5.0%
2
p.a.
5.8% p.a.
6.75% p.a.
CovenantHY26FY25
Net debt
1

$346m$330m
Liquidity headroom
$93m$108m
Leverage
(Net debt/Rolling 12 month EBITDA)
3.8x3.6x
Gearing
(Net debt/(Net debt + Equity))
<55%
31%30%
Interest cover ratio
(Rolling 12 month EBITDA/Net interest expense)
>2.5x
5.75.6
Weighted average debt maturity
3.1 years3.6 years
0
30
60
90
120
150
180
20262027202820292030
Retail bonds (CHI030)Retail bonds (CHI020)Bank
6.75% p.a.
Fixed Debt Profile ($m)
Strong balance sheet
1.Calculated as total borrowings (bank, fixed rate bonds) less cash and cash equivalents. Excludes the
fair value movement of retail bond CHI030
2.Interest rate swaps calculated for bank debt facilities maturing in Nov 2030
•Channel’s target credit metrics remain well within a shadow
BBB/BBB+ credit rating (a leverage ratio of between 3x and 4.5x Net
Debt/EBITDA) and required bank and bond covenant levels
•Reviewing options for the refinancing of the CHI020 retail bond
which matures in May 2027
Debt Maturity Profile ($m)

15
65%
28%
18%
13%
2026 guidance further upgraded
•FY26 EBITDA guidance further upgraded reflecting:
•greater certainty around fuel throughputs with eight
months’ visibility
•New Zealand Government diesel storage contract
delivered to plan in June 2026
•Z Energy jet storage delivered in early July, six
months ahead of schedule
2027 outlook
•Full year EBITDA contribution from the Z Energy jet
storage and Higgins bitumen contracts (~$9 million)
•Full year EBITDA contribution from New Zealand
Government diesel storage contract (~$14 million)
•The PPI applicable to FY27 is expected to be published
in November 2026
•Reflecting the 40% increase in in-service contracted
storage over the last three months, the new bp
contract, and expected future growth, Channel will
invest an additional $700k to $900k per annum in
operating expenditure to support resilient import
terminal operations and the growth pipeline
FY26 Guidance and Outlook
FY26 EBITDA
Guidance
$95–100 million
(FY25: $93.4 million)
$97-$105 million
$103 - $108 million
FY26 Maintenance
capex
8-10% revenue
(FY25: 8.8%)
UnchangedUnchanged
Normalised Free Cash
Flow Conversion
Broadly in line
with FY25
(FY25: 72%)
UnchangedUnchanged
Dividend Policy
70-90% of
Normalised Free
Cash Flow
(FY25: 13.0 cps)
UnchangedUnchanged
February 2026
Guidance
May 2026
Guidance
August 2026
Guidance

16
Growth Update
ROB BUCHANAN, CHIEF EXECUTIVE

17
Selective and disciplined approach to growth
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
Embedded growth opportunities from
acquisitions
#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 /
Strategic Storage
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
Sold: CCR
Platformer

19
Marsden Point Energy Precinct – Six months of further delivery
Z Energy Jet Storage
(announced 23 August 2024)
Boosting resilience in NZ’s jet fuel
supply chain
Significant jet storage contract
delivering ~$55 million (pre-PPI) over 10
years
Delivered in early July 2026, six months
ahead of the original schedule and
within budget
Supporting New Zealand’s energy
security
93 million litres diesel storage contract
to the Government until 31 December
2027 providing ~9 additional days of
New Zealand diesel demand storage
Delivered in June 2026. A unique,
accelerated solution identified in 3
weeks and delivered 9 weeks later
NZ Government Storage
(announced 20 April 2026)
Bitumen Import Terminal
(announced 25 November 2024)
Enhancing New Zealand’s bitumen
supply chain
Higgins has expanded the scope and
capabilities of bitumen facility
increasing total revenue from the
contract to $57 million (pre-PPI) over
15 years (from $45 million)
Delivery on track for late Q4 2026
Boosting resilience in New Zealand’s
jet and diesel fuel supply chain
Significant additional jet and diesel
storage contract delivering ~$130
million (pre-PPI) over 15 years,
commencing Q3 2028
Work to commence September 2026
bp Jet and Diesel Storage
(announced 28 August 2026)

20
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
Completed six months ahead of
schedule, 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
Aug-26: bp Storage
New contract for significant
jet and diesel storage

21
Future Energy Precinct Opportunities
Brownfields Storage
350+ million litres of storage capacity
available for repurposing
Scoping study completed into the
feasibility of conversion of existing
tanks and construction of new tanks,
reflecting increasing opportunity for
strategic storage
45 hectares available for new tank
construction
Utilising existing resource consents,
jetties and pipeline infrastructure to
facilitate condensed delivery timelines.
500-700 million litres of additional
greenfields storage capacity could be
accommodated on Channel’s site
Greenfields storageSAF/Biofuels
Several additional parties evaluating
Marsden Point for SAF and biofuels
manufacture
In addition to the Marsden Point
Biorefinery Project, Channel has
entered into an MoU with LanzaJet
who are in the early stages of
exploring the development of an
alcohol-to-jet facility
Up to 72MW of fast start peaking
capacity which benefits from fuel
reserves on site
Industry determining the impact of the
New Zealand Government LNG project
and winter energy reliability
obligations
Electricity Peaking Project

22
•The proposed biorefinery is now expected to produce biodiesel, Sustainable Aviation Fuel (SAF),
urea and other fertilisers with Ballance Agri-Nutrients as principal offtaker, supporting a regional
solution to supplement existing New Zealand fertiliser manufacturing
•While offtake agreements to underwrite the project see the majority of fuel exported, with up to
400 million litres per annum of production that could be made available for the domestic
market, the project could have significant fuel security benefits for New Zealand in times of
constrained supply or crisis
•Channel has agreed the US$5.95 million sale and removal of fully decommissioned CCR
Platformer unit as part of critical enabling works, with this unit expected to be removed by end
of 2027
•Given the global environment, the consortium’s equity raise process is taking longer than
originally anticipated and is complex and ongoing, but at this stage highly credible potential
equity providers remain actively engaged and their due diligence is well progressed. The
proposed Marsden Point Biorefinery remains the highest and best use of the decommissioned
hydrocracker assets at this point
•Channel’s current assessment is that with the consortium’s equity raise process being a key
condition precedent to a final investment decision (FID), the completion of this process will likely
delay the timing of FID into 2027
•Channel anticipates any asset sale proceeds from the hydrocracker will be received upon
financial close, following conclusion of the debt raising process, with lease revenue expected to
begin with the consortium’s acquisition of the hydrocracking assets
Marsden Point Biorefinery project scope expanded
MARSDEN POINT BIOREFINERY CONSORTIUM ARRANGED BY SEADRA ENERGY:
Project Highlights
Over $1 billion investment by the
consortium, utilising
decommissioned hydrocracker and
18-20 hectares of land which could
reserve up to 400 million litres for the
domestic market
Will produce biodiesel, Sustainable
Aviation Fuel (SAF), and urea and
other fertilisers
Utilises existing Marsden Point
infrastructure, jetty, storage tanks
and pipeline networks
Strengthens New Zealand’s resilience
to global supply chain disruptions
Supports New Zealand’s emission
reduction goals
Creates skilled jobs, regional
investment and long-term value
Channel to act as landlord and
provide ancillary infrastructure
services

23
STRATEGIC PILLAR MEASURE2026 TARGETHY26 PROGRESS STATUS
Infrastructure partner of
choice
Safely home, every dayLost Time InjuriesZeroTwo
Diverse and engaged teamLift in employee engagement scoreMaintainOn track
Reliable infrastructurePipeline availability>98%>99%
Grow through supporting
the energy transition
Net zero Scope 1 & 2
emissions
Reduce Scope 1 & 2 emissionsMaintainOn-track
Grow new revenues
Progress towards the realisation of
the Marsden Point Energy Precinct
Concept or inorganic growth
opportunities
New revenues
contracted or
acquired
$150 million of
incremental revenue
added from two new
contracts
More sustainable future
Protect our environmentTier 1 or 2 process safety incidentsZeroZero
Financial discipline
Deliver plan and meet EBITDA
guidance
$95-100 million
Upgraded to $97-$105
million (May)
Upgraded to $103-$108
million (today)
Meaningful relationships
Customer assessment of Channel
performance based on customer
survey against key performance
criteria
+2.5%
+1.3%, on-track
2026 measures of delivery
On track Not Achieved

24
Strong HY26 operational and financial performance, alongside continued exceptional overall project development
and delivery
Further contracted revenue uplift in H2 FY26 and FY27 from completed jet and diesel storage, while monitoring impact
of continued high fuel prices on fuel demand
Geopolitical uncertainty has created opportunities for Channel to leverage its world-class operating capability and
readily available assets to support fuel resilience through storage infrastructure
Renewable fuel projects, including the Marsden Point Biorefinery, increasingly viewed as security of supply projects
rather than solely sustainability initiatives
Strong pipeline of storage opportunities while continuing to evaluate acquisition opportunities in New Zealand and
Australia
Positioned for continued growth with energy security creating further opportunity

25
Appendix

26
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

27
51%
51%
52%
51%
52%
52%
52%53%
0
20
40
60
80
100
120
140
160
180
20252026202720282029203020312032
Inflation of 0% to 2.5%Contracted storage - Government diesel
Terminal revenue - variableTerminal revenue - fixed
Contracted storageTake or pay threshold + Contracted Storage
Contracted Revenue and Marsden Point throughput outlook
Marsden Point Throughput Outlook (Million Litres)
3
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
3.Source: Envisory (October 2024) – independent consultant commissioned to produce fuel throughput outlook for Channel’s Marsden Point facility in New Zealand
Contracted
Fixed
Revenue
Fixed revenue %
of total revenue
2
2
Contracted Revenue Outlook ($M)
1

-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2060
Jet Diesel Petrol

28
65%
28%
18%
13%
Contracted Revenue Agreements
CONTRACT
DATE
ANNOUNCED
PROGRESS FINANCIAL IMPACT
COSTREVENUETERM
Terminal Services
Agreement
22 Nov 2021 Commenced April 2022 $220 million
conversion budget
(~$27 million
remaining to be spent
across H2 2026 and
2027)
Fixed fee of $40 million per annum
(prior to PPI), reducing to $35 million
(prior to PPI) per annum from April
2028
Variable fees per litre of throughput on
the wharf, pipeline, and truck loading
facility
10 years
2x 5 year rights of
renewal
100 million litres
private storage
29 Nov 2021Storage in service in FY23 safely, on
schedule and within budget. Bunds
delivered in Q1 2025, project complete
$50 million ~$9 million per annum (prior to PPI)10 years
commencing, in
tranches, from Q2
2022
2x 5 year rights of
renewal
Additional Storage 17 Nov 2022Completed safely, on schedule and within
budget
$7 million~$25 million over contract term from
2023
5 years
commencing
2023
Additional storage 19 Oct 2023Completed safely, on schedule and within
budget
Minimal~$9 million over 10 years (prior to PPI) 10 years from
2024
Transmix Storage
Contract
1 May 2024Infrastructure upgrades completed in
December 2024 safely, on schedule and
within budget
$12 - 15 million ~$3 million per annum (prior to PPI)7 years from
December 2024
2x 5 year rights of
renewal
Z Energy Storage
Contract
23 Aug 2024Completed July 2026 safely, ahead of
schedule and within budget
$26 – 30 million across
FY24 to FY26
~$55 million over contract term (prior
to PPI)
10 years from July
2026
Bitumen Import
Terminal Contract
25 Nov 2024On schedule to be delivered late Q4 2026$25 – 27 million across
FY25 and FY26
~$57 million over contract term (prior
to PPI)
Opex of $0.2 million per annum
15 years from Q4
2026
2x 5 year rights of
renewal

29
65%
28%
18%
13%
Contracted Revenue Agreements continued
CONTRACT
DATE
ANNOUNCED
PROGRESS FINANCIAL IMPACT
COSTREVENUETERM
Additional Storage
extension
26 Aug 2025Project is in progress and scheduled to be
delivered in Q1 2028
$20-26 million across
FY26 to FY30
~$50 million over contract term from
2028
9 years
commencing Q1
2028
93 million litres
Government diesel
2 April 2026Completed June 2026Included in growth
capex
$1.2 million per month with the final
month of the contract at no charge in
the event tanks are de-heeled
19 months
commencing
June 2026
bp Storage
Contract
28 August
2026
Project is in progress and scheduled to be
delivered in Q3 2028
$65-70 million across
FY26 to FY28
~$130 million over contract term (prior
to PPI)
15 years from Q3
2028

30
•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, 31 August 2026.