Channel Infrastructure NZ (CHI) Investor presentation summary

Financial performance and shareholder returns

• Achieved a 2024 dividend yield of 5.9%, free cash flow yield of 8.3%, and total shareholder return of 37.4% compared to NZX50's 11.4%.

• Outperformed the NZX50 for three consecutive years, with consistent dividend payments and special dividends.

• Became a fully independent energy infrastructure company after Ampol's exit in March 2025.

Board and governance updates

• Completed a board refresh, reducing size and increasing independence to 5 out of 6 directors.

• Three new directors appointed in the last 15 months, bringing diverse expertise in energy, property, and sustainability.

• Equal gender representation achieved, with 3 out of 6 directors female and average tenure of 2.4 years.

• Board committees restructured for efficiency, including new Nominations Committee and simplified meeting schedules.

Leadership and remuneration

• Leadership team includes experienced executives across operations, finance, legal, and business development.

• CEO remuneration includes a high portion of pay at risk, with detailed KPIs tied to strategic pillars and safety.

• Director fee pool set at $927,000, with new fee schedule reflecting a smaller board and ad hoc committee fees.