Contact Energy (CEN) Investor presentation summary

Strategic positioning and asset base

• Operates a highly diversified portfolio with ~98% renewable generation and 11.8TWh mean output, including geothermal, hydro, solar, and battery assets.

• Controls 7 geothermal stations (plus 1 under construction), 26 hydro schemes, and multiple solar and battery projects.

• Serves 684,000+ customer connections across electricity, gas, broadband, and mobile verticals.

• Supports over 114 community organizations and employs 1,405 people.

• Maintains a strong balance sheet with S&P net debt/EBITDAF ratio targeted at 2.6x–2.8x.

Market context and demand outlook

• Domestic gas production has declined 31% since 2023, accelerating the shift to renewables.

• New electricity demand exceeding 3TWh by 2030 is driven by metals, data centers, dairy electrification, and residential growth.

• Additional large-scale demand could add up to 8TWh, especially from data centers and industrial electrification.

• Electricity market is increasingly renewable, with thermal generation at record lows and higher pricing volatility.

Growth strategy and development pipeline

• Strategic pillars focus on geothermal leadership, battery and hydro flexibility, wind and solar expansion, and customer empowerment.

• Committed build program includes Glorit Solar (150MW), Glenbrook-Ohurua Battery (200MW), and Te Mihi Stage 2 Geothermal (101MW).

• Advancing 4TWh+ of priority renewable projects, with an 11TWh+ total uncommitted pipeline for future acceleration.

• Consent granted for Southland Wind (>325MW, >1,210GWh), with strategic partner selection underway.

• Pipeline includes diversified solar and wind options totaling ~10TWh, with multiple projects at various stages.