Meridian Energy (MEL) Investor presentation summary

Strategic direction and priorities

• Focus on accelerating decarbonisation through large-scale renewable projects, electrification of transport and process heat, and securing long-term water access.

• Emphasis on growing system flexibility, including dispatchable MW capacity and customer demand response, and developing green hydrogen.

• Commitment to delivering cleaner, cheaper energy via innovation, digital transformation, and expanded product offerings.

• Continued investment in community and energy hardship programs to ensure equitable access to energy transition benefits.

• Policy advocacy for climate action and operational excellence, with a focus on building a diverse, skilled workforce and fostering a sustainability culture.

Market and policy environment

• Government policies include repealing the offshore oil and gas exploration ban, doubling renewable electricity, and streamlining consenting for major projects.

• Over $30B in new sector generation investment anticipated, but challenges include declining domestic gas supply, grid investment lag, and complex consenting frameworks.

• Consumer price pressures and energy security are key concerns during the transition.

Demand and growth outlook

• Long-term demand growth driven by population increase, EV adoption, and industrial electrification, with winter peak demand rising.

• Industrial process heat electrification represents a major opportunity, with targets to contract 1,000GWh by FY30.

• Demand-side participation and flexibility are critical for managing future system needs.