Full Year 2023 Meridian Energy Ltd Earnings Call Transcript
Kia ora koutou, and welcome to Meridian's Annual Results Presentation for the Financial Year Ended 30 June, 2023. I'm Neal Barclay, Meridian's Chief Executive, and I'm joined by Mike Roan, our CFO. I'll cover off the updates on the business in the sector and then Mike will take you through the financial results. I'll then wrap up things and then we'll get to your questions.
You all note the topic missing from this highlight slide is NZAS. 6 months ago, I said discussions with NZAS were continuing. And in the intervening 6 months, those discussions have continued to continue. There's really not much else we can add at this point and we will inform the market of the outcome as soon as we know what it is. As for the financial result, our first blush, $95 million NPAT looks like a bad year, but our net profit swings are hugely based on revaluation gains and losses on energy interest rate derivatives. Mike will help demystify that soon, but the number we really still focus on internally as a key metric of operating performance is EBITDAF. And pleasingly, at
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