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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  Meridian Energy Limited    MEL   NZMELE0002S7

MERIDIAN ENERGY LIMITED

(MEL)
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Business Summary
Meridian Energy Limited is engaged in the business of generation, trading and retailing of electricity, and the sale of complementary products and services. The Company operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market; retailing of electricity through the Powershop brand in Australia, and licensing of the Powershop platform in the United Kingdom. The Company supplies electricity to power homes, businesses and farms.

Number of employees : 1 020 people.
Sales per Business
20192020Delta
NZD (in Million)%NZD (in Million)%
Wholesale2,49471.8%2,27367.1% -8.86%
Retail1,30937.7%1,46643.3% +11.99%
Australia292.008.4%354.0010.4% +21.23%
Other & Unallocated29.000.8%32.000.9% +10.34%
Sales per region
20192020Delta
NZD (in Million)%NZD (in Million)%
New Zealand3,18791.7%3,03989.7% -4.64%
Australia292.008.4%353.0010.4% +20.89%
United Kingdom12.000.3%13.000.4% +8.33%
Managers and Directors
NameAgeSinceTitle
Neal Barclay-2018Chief Executive Officer
Mark Verbiest-2019Chairman
Michael John Roan-2019Chief Financial Officer
Peter David Wilson782011Deputy Chairman
Anake Angus Murray Goodall-2011Independent Non-Executive Director
Mark Cooper Cairns702012Independent Non-Executive Director
Janice Amelia Dawson662012Independent Non-Executive Director
Julia Cecile Hoare-2019Independent Director
Michelle Henderson-2019Independent Director
Nagaja Sanatkumar-2020Independent Director
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,563,000,000 1,253,455,080 48.9% 0 0.0% 48.9%
Shareholders
NameEquities%
Government of New Zealand 1,307,586,374 51.0%
BlackRock Fund Advisors 83,360,968 3.25%
BlackRock Advisors (UK) Ltd. 55,565,394 2.17%
Accident Compensation Corp. 39,779,307 1.55%
The Vanguard Group, Inc. 34,302,087 1.34%
Guardians of New Zealand Superannuation 24,831,265 0.97%
ANZ New Zealand Investments Ltd. 15,307,568 0.60%
Nordea Investment Management AB 12,061,386 0.47%
BlackRock Investment Management (UK) Ltd. 10,803,875 0.42%
Norges Bank Investment Management 9,093,775 0.35%
Company contact information
Meridian Energy Ltd.
55 Lady Elizabeth Lane
Level 2
Wellington 6011

Phone : +64.4.381.1200
Fax : +64.4.381.1201
Web : http://www.meridianenergy.co.nz
Sector Electric Utilities - NEC
1st jan.Capitalization (M$)
MERIDIAN ENERGY LIMITED8.89%14 848
NEXTERA ENERGY9.15%164 974
ENEL S.P.A.0.83%103 242
IBERDROLA, S.A.-0.34%86 962
ORSTED A/S0.80%86 171
DUKE ENERGY CORPORATION-1.39%66 450
SOUTHERN COMPANY-2.52%63 522
DOMINION ENERGY, INC.-3.87%58 976
EXELON CORPORATION0.76%41 501
AMERICAN ELECTRIC POWER COMPANY, INC.-1.43%40 744
XCEL ENERGY-2.86%34 029
VERBUND14.89%33 938
EVERSOURCE ENERGY1.04%29 966
PUBLIC SERVICE ENTERPRISE GROUP, INC.0.09%29 521
ENDESA, S.A.-1.92%28 251
WEC ENERGY GROUP-4.56%27 563
EDP - ENERGIAS DE PORTUGAL, S.A.2.95%25 488
SAUDI ELECTRICITY COMPANY6.85%25 276
CLP HOLDINGS LIMITED1.39%23 692
DTE ENERGY COMPANY0.92%23 597
CONSOLIDATED EDISON, INC.-4.32%23 548