PERFORMANCE HIGHLIGHTS
PERFORMANCE HIGHLIGHTS
$
361.2 555,100
106,670
CONNECTIONS
CONNECTIONS
MILLION
Regulated businesses Adjusted EBITDA
Electricity network Up 0.9%
Gas network Up 2.3%
Down 2.0% on the back of flat revenue, higher maintenance costs and one-off items
159.4 $ MILLION
$
$
168.9
474.4
MILLION
MILLION
Group net profit Down 38.4% on prior year result, which was boosted by $164m gain on the sale of Vector Gas, offset by the $64m impairment to the Gas Trading division
Continuing operations Adjusted EBITDA Up 0.3%
Unregulated businesses Adjusted EBITDA Up 3.4% due to growth in the installed smart meter base
367.4 $ MILLION
47.1 %
CENTS 16.00
Balance sheet strength Up from 43.7%
Capital expenditure Up 13.9%, driven by growth in Auckland, metering and expenditure on Bottle Swap plant Regulated business $210.6m (up 4.8%) Unregulated business and corporate $156.8m (up 28.9%)
Full year dividend Up 0.25 cents, the 11th consecutive year of dividend increases
30
Vector://AR 17
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