New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Guidance upgrade driven mainly by swapping out high cost generation for low cost generation</li><li>Pushing harder into the retail market</li><li>Forecast changes reflect strong 1Q23 performance and lift in medium-term wholesale electricity price outlook</li></ul>

Guidance upgrade driven mainly by swapping out high cost generation for low cost generationPushing harder into the retail marketForecast changes reflect strong 1Q23 performance and lift in medium-term wholesale electricity price outlook

Genesis Energy: Hydro for Coal Swap Turbo Charges 1Q23