Mercury NZ Ltd (OTCPK:MGHTF)

$ 4.1 0 (0%) Market Cap: 5.69 Bil Enterprise Value: 6.55 Bil PE Ratio: 205.00 PB Ratio: 1.88 GF Score: 81/100

Half Year 2022 Mercury NZ Ltd Earnings Call Transcript

Feb 21, 2022 / 10:00PM GMT

Transcript

Operator

Thank you all for standing by, and welcome to the Mercury Interim Results Analyst Briefing for 2022. (Operator Instructions)

I'd now like to hand the conference over to Chief Executive, Mr. Vince Hawksworth. Thank you. Please go ahead.

Vincent John James Hawksworth

Mercury NZ Limited - CEO

Kia ora tatou, and welcome to Mercury's Half-Year 2022 results. I'm Vince Hawksworth, and I'm joined by our Chief Financial Officer, William Meek.

If I turn to Slide 3 on the pack. Half year '22 reflects significant change for Mercury and creates a platform for future growth. We've seen major events occur. Completion of the Tilt New Zealand acquisition, where we have acquired the 5 operating wind farms, which when you combine that with Turitea North make Mercury, New Zealand's largest wind generator. Turitea North now in full operating mode with all 33 turbines generating. And the Southern section with civil works well advanced now, looking at a completion in mid-calendar '23.

Of course, the half year also saw us move through the acquisition

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