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Trustpower Operating report and guidance update

10 Apr 2019

Trustpower is pleased to release its operating report for the quarter ended 31 March 2019.

Trustpower updates its EBITDAF guidance for the FY-19 financial year to be in the range of $220 million - $226 million.

Trustpower also wishes to advise that it expects its FY-20 EBITDAF to be in the range of $205 million - $225 million.

The FY-20 forecast is underpinned by the following assumptions:

• Generation volumes for FY-20 of ~1,870 GWh (incl KCE). This is below the expected long-run average of 1,917 GWh, reflecting current below average lake storage levels. 
• NZ Wholesale prices are in line with current forward pricing for the year 
• Average temperatures and average electricity consumption for the year 
• Total average mass market customers between 230,000 and 240,000 including circa 103,000 telco customers

Kevin Palmer Chief Financial Officer & Company Secretary

Trsutpower

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