Brief: Channel Infrastructure Says Expects 2023 Revenue In Range Of NZ$125 Mln To NZ$128 Mln

Channel Infrastructure NZ

17/11/2022 02:03

Nov 17 (Reuters) - Channel Infrastructure NZ Ltd
 CHI.NZ :
    * 2023 REVENUE IS NOW EXPECTED IN RANGE OF NZ$125 MILLION TO
NZ$128 MILLION
    * 2023 EBITDA GUIDANCE INCREASED FROM NZ$76 - NZ$84 MILLION
TO
NZ$82 - NZ$86 MILLION
    * FUEL THROUGHPUT IN 2023 IS EXPECTED TO GROW FROM 2022
LEVELS
    * ADDITIONAL TERMINAL SERVICES REVENUE CONTRACTED WHICH IS
EXPECTED TO DELIVER NZ$4 MILLION REVENUE IN 2023
    * SEES INDICATIVE DIVIDEND RANGE FOR FY23 INCREASE TO 9 TO
11 NZ
CENTS PER SHARE
    * OPERATING AND CAPITAL EXPENDITURE GUIDANCE UPDATED TO
REFLECT
HIGHER ELECTRICITY PRICES EXPECTED IN  2023 VERSUS 2022
    * CHANNEL INFRASTRUCTURE HAS CONTRACTED ADDITIONAL TERMINAL
STORAGE REVENUE, EXPECTED TO BE NZ$25 MILLION OVER NEXT 5 YEARS
    * SEES DEBT TO PEAK AT AROUND NZ$100 MILLION TO NZ$120
MILLION IN
NEXT 12 TO 18 MONTHS ABOVE CURRENT LEVELS OF NZ$230 MILLION

Further company coverage:  CHI.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))