Marsden Point Energy Precinct Concept released

Channel Infrastructure NZ Limited (NZX:CHI) has today released the long-term vision for its Marsden Point site as an Energy Precinct, outlining how the Company could accommodate a range of energy projects that would boost New Zealand’s energy resilience and help support the decarbonisation of New Zealand. Commenting, Channel Infrastructure Chair James Miller said: “Today we are presenting our vision for Marsden Point to become an Energy Precinct for New Zealand. This could bring significant benefits to regional New Zealand and, with the combination of projects we consider could fit together on our site, could provide a significant boost to New Zealand’s overall energy and fuel resilience. For Northland, additional projects of this scale that would see manufacturing restored at Marsden Point could also bring important investment, with the retention of a skilled contractor base supporting economic growth in Northland.” Channel’s Marsden Point Energy Precinct Concept, released to investors today, provides a long-term pathway to seek to unlock significant value over time as high-quality tenants are attracted to the currently 120 hectares of unutilised land and the ancillary infrastructure and services that Channel can provide at the site. The plan highlights the significant role for the site in supporting New Zealand’s energy transition, through potential opportunities such as additional storage, lower-carbon fuels manufacture, as well as a range of potential electricity firming and storage opportunities. The execution and delivery of the Energy Precinct Concept would position Channel Infrastructure well to support the energy transition. Commenting, Channel Infrastructure CEO Rob Buchanan said: “Our Company strategy is focused on maximising the long-term value of our land and utilisation of our existing assets such as our storage assets, jetty and pipeline, by attracting tenants drawn to Channel’s land and complementary offering of infrastructure assets. Executing on these opportunities would build additional long-term, diversified, contracted revenue that is not dependent on fuel volume, from its current level of around 50 percent, while boosting New Zealand’s energy resilience, and supporting decarbonisation.” Today Channel has also released details of Envisory’s updated fuel demand outlook for Marsden Point. The updated outlook continues to show that Channel’s long-term business will be underpinned by jet fuel demand and the need for a liquid fuel decarbonisation pathway for aviation, albeit the near-term demand may be impacted by economic conditions and aircraft availability. Today’s Envisory outlook indicates that, if realised, an additional 2.5 billion litres of fuel would flow through Channel’s infrastructure over the next 26 years, which equates to around an additional 140 million litres per year over the next 10 years. Detail of the updated outlook can be found at www.channelnz.com/investor-centre/reports-presentations/ Accompanying this announcement is a presentation which the Channel Infrastructure leadership team will present today. No update to the 2024 financial guidance will be provided at today’s presentation. - ENDS – Webcast details Channel’s leadership team will present the vision for the Marsden Point Energy Precinct, at 10am (NZT) today. To listen to the webcast and submit questions, please register at https://channelinfrastructure.brandlive.com/Investor-Presentation-2024/en. Investors will be able to submit questions. While every endeavour will be made to answer questions that are submitted, this may not be possible due to time constraints. An online archive of the event will also be available after the event. Authorised by: Chris Bougen General Counsel and Company Secretary Investor Relations contact Anna Bonney Investorrelations@channelnz.com Media contact Laura Malcolm communications@channelnz.com