A roadshow presentation being undertaken by listed energy company Mercury NZ Ltd (NZX & ASX: MCY) said that the company’s guidance for FY2019 EBITDAF was $515 million.
This was based on achieving 4,200 GWh of hydro generation, subject to any material events, significant one-off expenses or other unforeseeable circumstances, including hydrological conditions.
Mercury said the FY2019 ordinary dividend guidance was up 2.6% to 15.5 cents per share which would represent the 11th consecutive year of ordinary dividend growth.
The company in FY2018 has completed major maintenance outages at four geothermal stations, while ongoing hydro refurbishment took in rehabilitation of the first of three units at Aratiatia Station and the second of four units at Whakamaru Station.
The Southdown grid-scale battery storage facility was being commissioned.
The company now had a market capitalisation of $4.6 billion and was the second largest NZ gentailer and 10th largest NZX50 company by market capitalisation.