Vector Annual Report 2018

About this report://

The report has drawn from a wide range of information sources. These include: our stakeholders, our customers, our communities, our sustainability framework, our value drivers, our risk register, our Board reports, our asset management plan, our financial accounts, and our operational reports. Throughout the report, we have focused on what matters most to our stakeholders and our business. Care has been taken to ensure all information in this report is accurate, including internal assurance and verification processes and Board approval. Forward-looking statements in this report are based on best available information and assumptions regarding Vector’s businesses and performance, the economy and other future conditions, circumstances and results. As with any forecast, forward-looking statements are subject to uncertainty. Vector’s actual results may vary from those expressed or implied in these forward-looking statements.

This report, dated 23 August 2018, is a review of Vector’s economic, social, and environmental performance for the financial year ended 30 June 2018. The financial information has been prepared in accordance with appropriate accounting standards, and has been independently audited by KPMG. The social, economic and sustainability information has been compiled in line with NZX rules and recommendations for investor reporting, as well as Vector’s commitments to the United Nations Sustainable Development Goals. Our greenhouse gas (GHG) emissions as reported on page 51 were also independently assured by KPMG in accordance with ISAE3410. The approach is also consistent with GHG protocol.

New Zealand’s energy consumer revolution:// 01.

Vector today:// 02.

SECTION:

28— 35

14— 27

We’ve been playing the long game, to help empower you for the energy consumer revolution that is coming.

A more integrated look at how Vector strives to create long-term value.

14 ————— Chairman’s Statement 16 ————— Board tribute to the Chairman 18 ————— Group Chief Executive’s Report 22 ————— Case study: Electrification of the economy 24 ————— Case study: Internet of Energy 26 ————— Case study: Vector Lights

30 ————— Performance snapshot 32 ————— About Vector: Our business model 34 ————— Creating long-term value

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Vector://AR 18

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