https://www.nzx.com/announcements/427061
Highlights
• Full year throughput of 3.4 billion litres, slightly ahead of Envisory’s fuel demand outlook,driven by growing jet fuel demand
• Fixed and variable terminal fees exceeded the minimum contractual take-or-pay level,reflecting strong throughput and higher ancillary charges
• $87.2 million EBITDA from continuing operations and $61.8 million Normalised FreeCash Flow for first full financial year at the top end of August guidance
• Declared an unimputed final ordinary dividend of 6.3 cents per share and a specialdividend of 1.5 cents per share, bringing the total FY23 dividend to 12 cents per sharerepresenting a dividend yield of 8.3%1
• Conversion project is now substantially complete, with firefighting upgrades expected tocomplete this year and bund upgrade work expected to continue until 2027
• Over 100 million litres of private storage now in service, with 45 million litres of jetstorage commissioned in Q3 FY23
• Refreshed strategy released, with a focus on being a world-class energy infrastructurecompany and provider of infrastructure solutions to meet New Zealand’s changing fueland energy needs
• Evaluating brownfield growth opportunities, including Government and additionalcustomer storage requirements, providing increased fuel supply chain resilience for NewZealand.All numbers relate to the twelve months ended 31 December 2023 (FY23) unless stat
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