Mercury NZ (MCY) Investor presentation summary

Executive leadership and strategic direction

• Experienced executive team with deep sector expertise and a focus on sustainability, innovation, and operational excellence.

• Strategic framework prioritizes stewardship, commercial growth, customer focus, adaptive culture, and partnerships.

• Clear aspirations for FY35 include delivering reliable renewable energy, accelerating low-carbon transition, and rebuilding sector confidence.

Portfolio and market position

• Diversified renewable asset base with ~8.8 TWh annual generation and 19% market share in generation.

• 25% retail electricity market share and growing telco and broadband connections through bundling.

• $1B in renewables under construction and 16 consecutive years of dividend growth to FY24.

Sector challenges and opportunities

• Navigating declining trust, affordability pressures, and the need for resilience in a more renewable system.

• 50% increase in installed capacity and $10.2bn investment in new generation expected by 2030.

• Declining gas supply and increased reliance on intermittent renewables highlight the need for firming generation.