Mercury NZ Ltd (OTCPK:MGHTF)
$ 3.95 0 (0%) Market Cap: 5.44 Bil Enterprise Value: 6.39 Bil PE Ratio: 28.61 PB Ratio: 1.72 GF Score: 79/100

Full Year 2023 Mercury Nz Ltd Earnings Call Transcript

Aug 20, 2023 / 11:00PM GMT
Operator

Good day and thank you for standing by. Welcome to Mercury Annual Results Analyst Briefing 2023 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Chief Executive, Vince Hawksworth. Please, go ahead.

Vincent John James Hawksworth
Mercury NZ Limited - CEO

(foreign language) everybody and welcome to the Mercury results presentation. I'm joined by William Meek, our Chief Financial Officer, who will be familiar to many of you as well.

So if I start with what is the third page of the presentation, our highlights. Look, a really pleasing year from our perspective. Hydrology driving record production, 9 terawatt hours, a new wind farm fully commissioned at Turitea, also adding to that result. But of course, hydrology was a record at 5.2 terawatt hours. So a really pleasing year backed by scale of production, but not only backed by scale of production, also by the addition of what was the Trustpower retail business, which towards

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