New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Capex pressures rising, to be funded by meter proceeds and possibly reduced imputation credits on dividends</li><li>2024 regulatory price reset is the most important yet — key input methodology decisions to be made this year</li><li>1H23 result should show modest profit increase — reporting date is Tuesday, 21 February 2023</li></ul>

Capex pressures rising, to be funded by meter proceeds and possibly reduced imputation credits on dividends2024 regulatory price reset is the most important yet — key input methodology decisions to be made this year1H23 result should show modest profit increase — reporting date is Tuesday, 21 February 2023

Vector Ltd

Vector: Metering Out More Capex