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Vector Limited (NS) — Earnings Release 2019
Jan 23, 2019
66298_rns_2019-01-24_c4faebfd-0cb1-4729-ae1d-97e2e9b70ffe.pdf
Earnings Release
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MARKET RELEASE 23 January 2019
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OPERATIONAL PERFORMANCE FOR THE 6 MONTHS ENDED 31 DECEMBER 2018
| 6 months | ended 31 | ||
|---|---|---|---|
| December | |||
| 2018 | 2017 | % change | |
| Electricity | |||
| Customers1, 5 | 567,009 | 559,777 | 1.3% |
| New connections | 5,160 | 6,090 | (15.3%) |
| Net movement in customers2 | 3,933 | 4,677 | (15.9%) |
| Volume distributed (GWh) | 4,390 | 4,352 | 0.9% |
| SAIDI (minutes) – 9 months to 31 December3 | |||
| Normal operations4 | 156.7 | 168.1 | (6.8%) |
| Extreme events | 361.4 | 0.0 | n/a |
| Total | 518.1 | 168.1 | 208.2% |
| Gas Distribution | |||
| Distribution customers1, 5 | 110,489 | 108,270 | 2.0% |
| New distribution connections | 1,669 | 1,656 | 0.8% |
| Net movement in distribution customers2 | 1,260 | 1,600 | (21.3%) |
| Distribution volume (PJ) | 7.7 | 7.7 | 0.0% |
| Gas Trading | |||
| Natural gas sales (PJ)6 | 8.7 | 9.6 | (9.4%) |
| Gas liquid sales (tonnes)7 | 44,020 | 40,752 | 8.0% |
| 9kg LPG bottles swapped8 | 358,208 | 351,962 | 1.8% |
| Liquigas LPG tolling (tonnes)9 | 81,718 | 89,147 | (8.3%) |
| Technology | |||
| Electricity: smart meters1, 10 | 1,480,851 | 1,333,208 | 11.1% |
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MEDIA RELEASE
23 January 2019
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As at 31 December.
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Net number of customers added during the period, includes disconnected, reconnected and decommissioned ICPs.
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SAIDI (minutes) for the 9 months ended 31 December 2018 is an unaudited value and subject to change.
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Normal Operations SAIDI includes the impact of 7 Major Event Days at the cap of 3.37 SAIDI minutes for each event.
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Billable ICPs.
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Excludes gas sold as gas liquids. These sales are included within the gas liquids sales tonnages.
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Total of retail and wholesale LPG and natural gasoline. Includes wholesale volumes from Kapuni and retail volumes via OnGas. Product sold from Kapuni to OnGas is counted twice for the purpose of this metric.
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Number of 9kg LPG bottles swapped and sold during the year.
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Product tolled in Taranaki and further tolled in the South Island is counted twice for the purposes of this metric.
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The number of smart meters deployed as at 31 December 2018 includes 146,062 meters managed but not owned by Vector (31 December 2017: 118,961).
The Excel version can be found at: http://vector.co.nz/news
ENDS
About Vector
Vector is New Zealand’s leading multi-network infrastructure company which delivers energy and communication services to more than one million homes and businesses across the country. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz
MEDIA QUERIES: Richard Llewellyn External Relations Mobile 027-523-2362
ANALYST QUERIES: Dan Molloy Chief Financial Officer Mobile 021-441-311
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