2022 Interim Report

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CONTENTS. 02 CHAIR & CHIEF EXECUTIVE UPDATE 06

OUR FINANCIALS

07 INDEPENDENT REVIEW REPORT 08

FINANCIAL STATEMENTS

19

SHAREHOLDER INFORMATION

19

DIRECTORY

CHAIR & CHIEF EXECUTIVE UPDATE. VINCE HAWKSWORTH // CHIEF EXECUTIVE PRUE FLACKS // CHAIR As we assess the challenges that lie ahead for New Zealand’s journey to Net Zero, it can be difficult to see past the immediate hurdles. However, we must not lose sight of the significant gains to be made beyond the pressing need to clean up our world – a more equitable society, a resilient economy and a better future for the generations who follow. Both in New Zealand and globally, the growing urgency to decarbonise has understandably put a spotlight on electricity as the industry underpinning much of this activity. In New Zealand, the sector will play a critical role in ensuring we deliver on our climate change commitments, and it needs to be up for the challenge. We believe we are. We recognise the growing need for a more unified approach to secure the best possible outcomes for all. Mercury has a role to play in enabling this call for unity, as well as delivering meaningful actions that contribute to our lower carbon future.

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