Logotype for Manawa Energy Limited

Manawa Energy (MNW) investor relations material

Manawa Energy has been delisted

Manawa Energy Scheme Meeting 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Manawa Energy Limited
Scheme Meeting 2025 summary17 Jun, 2025

Opening remarks and agenda

  • Chair opened the scheme meeting to consider a proposed scheme of arrangement for shareholders, with directors, CEO, CFO, auditor, and registrar present both in person and online.

  • Quorum confirmed, meeting officially opened, and procedures for Q&A and voting explained.

  • Announcement of a Scheme Implementation Agreement for the acquisition of all shares in Manawa by Contact, with shareholders to vote on the proposal in July 2025.

  • Independent Adviser’s Report prepared by Grant Samuel to assess the merits of the Scheme for shareholders and the High Court.

Financial performance review

  • Manawa’s FY24 EBITDAF was $145 million, forecast to decline to $93 million in FY25 due to lower hydro generation and wind PPA volumes.

  • Manawa’s net assets as of 30 September 2024 were $1,159 million, with gearing at 29%.

  • Contact’s FY24 EBITDAF was $675 million, with strong performance from increased thermal generation and higher prices.

  • Manawa’s share price traded between $3.94 and $4.74 in the 12 months prior to the Scheme announcement, underperforming the NZX50.

Board and executive committee updates

  • Board determined the scheme was in shareholders' best interests after extensive review and external advice.

  • Directors who hold shares intend to vote in favor of the scheme.

  • Manawa’s two largest shareholders, Infratil and TECT, holding 77.9% of shares, have entered into voting agreements supporting the Scheme.

  • Board and management acknowledged for their work during a challenging year and transition.

Assess Contact's strategic rationale.
What synergies are expected?
How does the Scheme impact gearing?
How does Contact's share price volatility affect final scheme value?
What are the implications of 77.9% shareholder support?
How will Manawa's community initiatives continue under Contact?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Manawa Energy Limited is a New Zealand-based renewable energy company focused on generating and supplying electricity from renewable sources. The company operates a portfolio of hydroelectric power stations across New Zealand, contributing to the country's sustainable energy supply. Manawa Energy’s operations support residential, commercial, and industrial energy needs with an emphasis on environmental stewardship and resource efficiency. The company is headquartered in Tauranga, New Zealand, and its shares are listed on the NZX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage