Mercury Investor Day 2025: Building a Brighter Tomorrow

Better Today, Building Tomorrow, Brighter Together

This document summarizes key insights from Mercury's 2025 Investor Day, focusing on the company's strategic direction, operational capabilities, and financial outlook. It highlights Mercury's commitment to delivering value through renewable energy generation, customer-centric services, and sustainable business practices.

Key Themes and Presentations

Welcome and strategy introduction
Advantaged portfolio positioned for growth
Scale and efficiency unlock value
Accelerating generation development
Generation delivering value
Ngā Tamariki OEC5 project and site visit

Executive Team Highlights

The presentation features insights from Mercury's executive team, including:

Stew Hamilton, Chief Executive
Lucie Drummond, Chief Sustainability Officer
Richard Hopkins, Chief Financial Officer
Craig Neustroski, Chief Operating Officer - Customer
Fiona Smith, Chief People Experience and Technology Officer
Kevin Taylor, Chief Operating Officer - Generation
Tim Thompson, Executive GM - Wholesale
Matt Tolcher, Executive GM - Generation Development
Catherine Thompson, Chief Sustainability Officer – Incoming

Our Purpose and Business

Mercury's purpose is to care for tomorrow by connecting people and place today. The company operates as an electricity generator and multi-product retailer, with significant market share in both generation and retail electricity. Key business metrics include substantial renewable generation capacity, a growing customer base, and a strong focus on broadband and mobile services.

Sector Outlook and Strategy

The document addresses the challenges and opportunities within the energy sector, emphasizing Mercury's positioning to mitigate risks and capitalize on key opportunities. This includes navigating the energy transition, managing a higher-cost environment, and addressing global trust erosion. Mercury's strategy refresh focuses on priorities that will deliver value, such as delivering reliable and renewable energy, achieving commercial growth, enhancing customer experience, and building strong partnerships.

Financial Performance and Growth

Highlights include significant investments in new generation, a strong TSR since listing, and a focus on earnings transformation and generation development uplift. The company aims to rebuild sector confidence through its strategic initiatives.

Further Information

For more details, refer to the official Mercury Investor Day materials.

	Mercury NZ Limited 2025 Integrated Report: Sustainable Energy and Future Growth Mercury NZ Limited's 2025 Integrated Report details performance, strategy, renewable energy initiatives, customer services, and financial results, focusing on a sustainable energy future.
	Mercury NZ FY25 Financial Results and Renewable Energy Update Mercury NZ's FY25 financial results show a 10% earnings dip due to challenging generation conditions but highlight continued investment in renewable energy projects and customer value initiatives.
	Mercury Climate Statement 2025: Strategy, Risks, and Opportunities Mercury's 2025 Climate Statement details the company's approach to climate change, outlining its strategy, identified risks and opportunities, targets, scenario analysis, governance, and metrics.
	Mercury Full Year Results FY25: Financial Performance and Strategic Outlook A comprehensive overview of Mercury's full-year financial results for FY25, detailing business performance, strategic priorities, investment in growth, financial highlights, and future outlook for the energy company.
	Mercury Climate Action Plan FY25: Driving New Zealand's Low-Emissions Future Explore Mercury's FY25 Climate Action Plan, detailing strategies for achieving net-zero emissions, expanding renewable energy generation, ensuring energy security and equity, and supporting New Zealand's transition to a sustainable energy future.
	Mercury Highlights Geothermal Energy Potential in National Strategy Mercury welcomes the New Zealand Government's initiative to develop a national geothermal energy strategy, emphasizing its potential for low-carbon, baseload generation and the company's ongoing investments in geothermal development.
	Mercury Sustainability and Environmental Policy Mercury's Sustainability and Environmental Policy outlines the company's commitment to sustainability, its strategic framework, and key focus areas across stewardship, partnerships, customers, people, and commercial operations, aligning with UN Sustainable Development Goals.
	Mercury Signs Long-Term Power Purchase Agreement with Visy Mercury has entered into a long-term Power Purchase Agreement (PPA) with Visy, a global leader in packaging, recycling, and logistics. This agreement will supply Visy with approximately 115 GWh of electricity annually for ten years, supporting Visy's operations in New Zealand and Mercury's renewable energy goals.