Channel Infrastructure Nz Limited · NZX:CHI

Channel Infrastructure Nz — E&P's 11th Annual SMID Caps Conference 2026

22 slides from Channel Infrastructure Nz's conference presentation, Oct 27, 2026

  1. Slide 1: E&P's 11th Annual SMID Caps Conference

    E&P’s 11th Annual SMID Caps Conference NZX: CHI | ASX: CHI October 2026 1

  2. Slide 2: Investment Proposition

    Investment Proposition World-class operator with strong safety track record Ownership of critical infrastructure in New Zealand and Australia Long-term customer contracts, >50%1 of contracted revenue is fixed / capacity based and independent of fuel volumes Stable inflation-linked revenues underpinn

  3. Slide 3: Geographic Location

    Geographic Location Marsden Point has direct access to the Auckland market via Channel’s 170km pipeline. The next nearest alternate Auckland fuel supply import terminal is located at Port of Tauranga, 195km from Auckland by road. The fuels pipeline from Marsden Point is the lowest-emission supply ro

  4. Slide 4: Ownership of Critical Infrastructure in New Zealand and Australia

    Ownership of Critical Infrastructure in New Zealand and Australia >350 > 290 >410 25% share of Somerton Pipeline to Melbourne Airport 4

  5. Slide 5: Key Financial Metrics – Continuing Operations

    Key Financial Metrics – Continuing Operations Revenue EBITDA (Margin %) Growth Capex Set to grow with new contracted revenue in FY26 expected to be $103-$108 million Above WACC returns and contracted revenue FY27-28 $139.8m $140.2m $30.6m $29.3m $130.7m $95.1m $27.1m $93.4m $25.1m $87.2m (68%) (67%)

  6. Slide 6: Strong balance sheet and disciplined Capital Allocation Framework

    Strong balance sheet and disciplined Capital Allocation Framework Covenant HY26 FY25 HY25 Net Cash Flow from Continuing Maintenance Capex Operations Net debt1 $346m $330m $297m 8-10% revenue less Financing Costs Liquidity headroom $93m $108m $138m Leverage Normalised Free 3.8x 3.6x 3.1x (Net debt/Ro

  7. Slide 7: YTD Q3 2026 fuel throughput broadly in-line with expectations

    YTD Q3 2026 fuel throughput broadly in-line with expectations, despite Iran conflict YTD DIESEL YTD PETROL YTD JET 794m litres 729m litres 1,040m litres In line with Envisory In line with Envisory Broadly in line with outlook outlook Channel’s expectations 1,100 1,087 1,089 1,404 1,422 1,012 1,024 9

  8. Slide 8: FY26 Guidance and Outlook

    FY26 Guidance and Outlook 2026 guidance further upgraded February 2026 May 2026 August 2026 Guidance Guidance Guidance • FY26 EBITDA guidance further upgraded reflecting: • greater certainty around fuel throughputs with eight FY26 EBITDA months’ visibility Guidance $95–100 million $97-$105 million $

  9. Slide 9: Revenue underpinned by contracted fixed revenue, PPI indexation and take-or-pay

    Revenue underpinned by contracted fixed revenue, PPI indexation and take-or-pay Contracted revenue outlook $M1 180 160 140 120 100 Fixed revenue % 53% 53% 53% 53% of total revenue 53% 2 52% 80 51% 2 51% 60 Contracted 40 Fixed Revenue 20 0 2025 2026 2027 2028 2029 2030 2031 2032 Contracted storage Te

  10. Slide 10: Updated Envisory forecast: 1.3bn litres of additional throughput to 2050

    Updated Envisory forecast: 1.3bn litres of additional throughput estimated to 2050 • Channel uses Envisory’s long-term forecast for business planning Marsden Point Throughput Outlook (Million Litres)1 purposes but Envisory’s outlook is indicative only. Channel applies its own views on demand and ope

  11. Slide 11: Our Strategy

    Our Strategy OUR VISION World-class energy infrastructure company OUR PURPOSE Delivering resilient infrastructure solutions to meet changing fuel and energy needs OUR STRATEGIC PRIORITIES World-Class High Performance Grow from Support Energy Disciplined Capital Good Neighbour, Operator Culture the C

  12. Slide 12: Selective and disciplined approach to growth

    Selective and disciplined approach to growth #1 Marsden Point Energy Precinct Nearer term opportunities identified for: #2 Synergistic consolidation along • Additional product storage Channel’s current supply chain to #3 • Fuel and energy security projects Auckland Airport Measured growth step-outs

  13. Slide 13: Marsden Point Energy Precinct

    Greenfields Fuels Storage (36 hectares) Energy Security Opportunities Transpower, Northpower Future Fuels Manufacturing Opportunities Public Access (Mair Road) Additional Storage Opportunities Strategic Fuels Storage Current Facility Lease (to Long-term Tenant) Leased to Third Parties Truck Loading

  14. Slide 14: Proven execution of growth with projects delivered safely, on budget, and on time

    Proven execution of growth with projects delivered safely, on budget, and on time New projects Six growth projects signed over the past three years Measured growth step-out delivering an additional ~$335 million (before PPI First measured growth step-out with strategic indexation) in incremental rev

  15. Slide 15: Marsden Point Energy Precinct delivery

    Marsden Point Energy Precinct delivery Z Energy Jet Storage NZ Government Storage Bitumen Import Terminal bp Jet and Diesel Storage (announced 23 August 2024) (announced 20 April 2026) (announced 25 November 2024) (announced 28 August 2026) Boosting resilience in NZ’s jet fuel Supporting New Zealand

  16. Slide 16: Future Energy Precinct Opportunities

    Future Energy Precinct Opportunities Brownfields Storage Greenfields storage SAF/Biofuels Electricity Peaking Project Several additional parties evaluating Up to 72MW of fast start peaking 350+ million litres of storage capacity 45 hectares available for new tank Marsden Point for SAF and biofuels c

  17. Slide 17: Channel has a Strategic Position in Melbourne's Jet Fuel Supply Chain

    Channel has a Strategic Position in Melbourne’s Jet Fuel Supply Chain Channel 25% ownership Somerton Pipeline JV Somerton Depot Tullamarine Pipeline Melbourne Airport ~34km pipeline from terminals and ~10km pipeline from Somerton Australia’s second busiest Mobil Yarraville refineries to Somerton Dep

  18. Slide 18: Appendix

    Appendix 18

  19. Slide 19: Drivers of demand

    Drivers of demand Auckland Airport International Flight Movements1 New Zealand Light Vehicle Fleet2 6,000 160 5,000 35 4,500 140 5,000 30 4,000 120 3,500 25 4,000 100 3,000 EV new registrations (RHS) 20 3,000 80 2,500 15 2,000 60 2,000 1,500 10 40 1,000 1,000 5 20 500 - - 0 0 Dec 17 Dec 18 Dec 19 De

  20. Slide 20: Contracted Revenue Agreements

    Contracted Revenue Agreements DATE CONTRACT PROGRESS FINANCIAL IMPACT ANNOUNCED COST REVENUE TERM Terminal Services 22 Nov 2021 Commenced April 2022 $220 million Fixed fee of $40 million per annum 10 years Agreement conversion budget (prior to PPI), reducing to $35 million 2x 5 year rights of (prior

  21. Slide 21: Contracted Revenue Agreements continued

    Contracted Revenue Agreements continued DATE CONTRACT PROGRESS FINANCIAL IMPACT ANNOUNCED COST REVENUE TERM Additional Storage 26 Aug 2025 Project is in progress and scheduled to be $20-26 million across ~$50 million over contract term from 9 years extension delivered in Q1 2028 FY26 to FY30 2028 co

  22. Slide 22: Important Information

    Important Information • This presentation contains forward looking statements concerning the • In light of these risks, results could differ materially from those stated, financial condition, results and operations of Channel Infrastructure NZ implied or inferred from the forward-looking statements

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