Mighty River Power Ltd
Mighty River Power Ltd’s (Mighty River Power) core business is the generation and retailing of electricity. Mighty River Power’s generation of electricity is primarily from renewable sources, with nine Waikato River hydro power stations, and the Mokai, Rotokawa, Kawerau and Nga Awa Purua geothermal stations. Mighty River Power also operates the gas-fired co-generation plant in Southdown.
Its complementary business is providing metering and energy management services to consumers and energy retailers. Mighty River Power retails to over 400,000 customers through its subsidiaries Mercury Energy, Bosco and Tiny Mighty Power.
Disclosures
Key Documents
| 21 Dec 2012 | Letter from the Minister for State Owned Enterprises: 2012/13 Shareholder Expectations of State Owned Enterprises: mrp-le-12.pdf (314 KB) |
|---|---|
| 22 Dec 2011 | 2011 Valuation Reports |
| 22 Dec 2011 | Statement of Corporate Intent 2012: mrp-sc-12.pdf (774 KB) |
| 5 Oct 2011 | 2011 Annual Public Meeting Presentation: mrp-apm-11.pdf (1782 KB) | 5 Oct 2011 | 2011 Annual Public Meeting - Talking Points: mrp-talking-points-11.pdf (185 KB) | 5 Oct 2011 | Annual Report 2010/11: mrp-ar-10-11.pdf (4102 KB) |
| 30 Aug 2011 | Financial Statements 2011: mrp-fs-11.pdf (4358 KB) |
| 20 Nov 2010 | Annual Report 2009/10 (Mighty River Power Ltd website) |
| 20 Nov 2010 | Interim Report Dec 2009: mrp-ir-dec09.pdf (1584 KB) |
| 20 Nov 2010 | Statement of Corporate Intent 2010: mrp-sci-10.pdf (922 KB) |
KPI
Key Financial Performance Indicators - Mighty River Power
For the Year Ended 30 June 2011 |
SCI Target |
Actual 2010 |
|---|---|---|
| Return on Equity Employed (%) | 14.1 | 9.7 |
| Return on Total Capital Employed (%) | 11.1 | 8.2 |
| Total Equity/Total Assets (%) | 52.5 | 54.9 |
| Free Funds from Cperations/Interest Expense (%) | 4.2 | 5.1 |
| EBITDAF/ GWh ($) | N/A | 59,826 |
Financials
Ratio |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
2006/07 |
2007/08 |
2008/09 |
2009/10 |
2010/11 |
|---|---|---|---|---|---|---|---|---|---|
| Total Shareholder Return (TSR) (%) | N/A | 15.2 | 13.1 | 137.2 | 7.9 | 6.8 | 55.2 | 7.5 | 11.4 |
| Dividend Yield (%) | N/A | 0.0 | 12.0 | 2.5 | 2.4 | 2.5 | 1.9 | 8.3 | 2.7 |
| Dividend Payout (%) | 42.1 | 0.0 | 77.9 | 32.1 | 35.8 | 42.2 | 25.2 | 311.1 | 58.0 |
| Adjusted ROE (%) | N/A | 15.9 | 17.6 | 13.2 | 13.6 | 12.8 | 18.6 | 8.0 | 16.1 |
| ROCE (%) | N/A | 17.1 | 19.4 | 17.0 | 16.2 | 12.8 | 17.7 | 9.1 | 15.0 |
| Operating Margin (%) | N/A | N/A | N/A | 40.0 | 40.9 | 25.8 | 39.9 | 29.7 | 38.1 |
| Generator efficiency ($MWh) | N/A | N/A | N/A | 58 | 64 | 60 | 77 | 60 | 67 |
| Net Gearing (%) | 35.0 | 32.3 | 17.8 | 17.0 | 16.1 | 21.4 | 17.9 | 26.5 | 24.6 |
| Interest Cover (%) | N/A | N/A | N/A | 9.79 | 10.02 | 6.83 | 10.10 | 6.21 | 5.64 |
| Solvency | 0.71 | 0.43 | 1.15 | 1.09 | 1.89 | 0.97 | 1.09 | 0.78 | 0.79 |
| Revenue Growth (5 yr) (%) | 10.9 | ||||||||
| Dividend Growth (5 yr) (%) | 17.2 | ||||||||
Financial Performance measures for SOEs: fpm-soes.pdf (40 KB)
