Q3 2024 Operational Update

Channel Infrastructure NZ Limited (NZX:CHI) has today released its operational update for the three months ended 30 September 2024. OPERATIONAL HIGHLIGHTS Throughput • Throughput for the quarter ended 30 September was slightly below the Envisory fuel demand outlook at c.813 million litres, and 3% lower than Q3 2023 (838 million litres). Throughput is now tracking at 95% of 2019 throughput on a year-to-date basis. • 13 import shipments were received and discharged during the quarter (Q3 2023: 20) reflecting an increase in larger long-range vessels being received at Marsden Point. Channel’s deep draught jetties and large onshore fuel storage capacity enable customers to optimise their supply chain via larger import parcels. • Actual jet fuel throughput for Q3 was 3% higher than Q3 2023 and 2% above the Envisory fuel outlook. • Q3 saw a reduction in diesel throughput due to scheduled tank maintenance at the Wiri (Auckland) end of the fuel pipeline. • Year to date petrol throughputs reflect a year-on-year decline of 2% and are aligned to the Envisory fuel demand outlook. A summary of quarterly throughput by fuel type since commencement of import terminal operations on 1 April 2022 is included as Appendix I. Conversion and growth project update • Conversion spend is $184 million to 30 September 2024 (30 June 2024: $181 million). • Private storage growth capex of $46 million spent to 30 September 2024 (30 June 2024: $43 million). • Capex relating to the Transmix customer contract, announced 1 May 2024, is well progressed and revenue remains on schedule to commence in Q4 2024. • Work has commenced on the Z Energy jet storage project, announced 23 August 2024. • Net borrowings increased to $342 million as at 30 September 2024 (30 June 2024: $326 million). Channel Infrastructure will release the Marsden Point Energy Precinct concept plan on 24 October 2024. - ENDS - Authorised by: Chris Bougen General Counsel and Company Secretary Investor Relations contact: Anna Bonney investorrelations@channelnz.com Media contact: Laura Malcolm communications@channelnz.com