2024 ASM Presentation and Guidance Update

The 2023 Annual Shareholders' Meeting of Channel Infrastructure NZ Limited (CHI) is being held today at 2pm. Accompanying this announcement are copies of the meeting presentation and speeches by James Miller (Board Chair) and Rob Buchanan (CEO) to be delivered at the meeting.

Today James Miller (Board Chair) will discuss how Channel Infrastructure’s improved, and more sustainable business model has delivered for shareholders and enabled investment in becoming a world-class operator of our assets for New Zealand. He will also discuss the new refreshed company strategy which is focused on world-class operations, New Zealand's fuel security and resiliency, and the opportunities to come from the decarbonisation of aviation fuel. Rob Buchanan (CEO) will speak to the successful execution of the 2023 priorities and the critical role we play in keeping New Zealand moving and the future of the business.

Channel has had a strong start to the year driven by higher than expected jet fuel demand. In light of this the Board has today lifted the guidance range provided in February. EBITDA for 2024 is now expected to be between $92 million and $96 million (up from $91 million to $95 million).

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Authorised by
Chris Bougen
General Counsel and Company Secretary
email: [email protected]

Contact details
Investor Relations contact:
Anna Bonney
Email: [email protected]

Media contact
Laura Malcolm
email: [email protected]

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Announcement PDF