Vector Limited

Wednesday 30th July 2014

Vector Limited (VCT.NZ) is a New Zealand-based company engaged in the infrastructure sector in New Zealand. It operates in four segments: Electricity, Gas Transportation, Gas Wholesale and Technology.

Its Electricity segment includes ownership and management of electricity distribution networks. Gas Transportation includes ownership and management of gas transmission and distribution networks. Gas Wholesale includes natural gas (acquisition, processing and retailing), LPG (distribution, storage and retailing) and cogeneration. Technology includes telecommunications networks, electricity and gas metering.

Vectors assets reportedly perform a key role in delivering energy and communication services to more than one million homes and businesses across New Zealand. Vector also has a Data management services and 60.25% ownership of bulk LPG distributor Liquigas. Vector is also responsible for Fibre optic networks in Auckland and Wellington, delivering high speed broadband services. In addition to their energy and fibre optic businesses Vector also own 50% share in Treescape (An arboriculture and vegetation management company) and 22 % share in NZ Windfarms (A power generation company).

Vector was listed on the NZSX in 2005.

Vector said that it will continue to target adjusted EBITDA for the 12 months to 30 June 2014 in line with market expectations for $574 million. The Chairman Michael Stiassny said Vector is well positioned to deliver long-term growth, fuelled by its diversified portfolio of infrastructure activities, the fast-growing technology operations and the significant housing growth anticipated in Auckland over the next three to five years. However, Vector will hope that better regulatory outcomes will help the company to increase its revenue in the future.

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