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>1H23 EBITDAF expected to be up on 1H22 courtesy of record future contract close out gains</li><li>December 2022 operating performance solid, but near record low wholesale electricity prices</li><li>Earnings outlook improves modestly as future winter wholesale electricity prices strengthen </li></ul>

1H23 EBITDAF expected to be up on 1H22 courtesy of record future contract close out gainsDecember 2022 operating performance solid, but near record low wholesale electricity pricesEarnings outlook improves modestly as future winter wholesale electricity prices strengthen 

Meridian Energy: Closing Out a Solid 1H23