This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Channel Infrastructure NZ Limited
Directory
| NZX code: | CHI |
| Short name: | Channel Infrastructure |
| Legal name: | Channel Infrastructure NZ Limited |
| Industry sector: | Oil and Gas Refining |
| NZX50 rank: | 37 of 50 |
| Head office address: | Port Marsden Highway Ruakaka New Zealand 0171 |
| Chairman: | James Miller |
| Chief executive: | Rob Buchanan |
| Financial year ended: | December |
| Locations: | New Zealand |
| Auditor: | Ernst & Young |
| Bankers: |
ANZ Bank New Zealand Limited ASB Bank Limited Bank of New Zealand China Construction Bank (New Zealand) Limited Westpac New Zealand Limited |
Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye Dec | mln | mln | cents |
| 2016 | $353.62 | $47.47 | 15.1 |
| 2017 | $411.61 | $78.53 | 25.1 |
| 2018 | $359.31 | $29.61 | 9.5 |
| 2019 | $344.86 | $4.16 | 1.3 |
| 2020 | $233.93 | -$198.27 | -63.5 |
| 2021 | $231.74 | -$552.62 | -173.9 |
| 2022 | $88.23 | $11.96 | 3.2 |
| 2023 | $130.703 | $24.06 | 6.4 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye Dec | mln | mln | % |
| 2016 | $1289.5 | $537.3 | 58.3 |
| 2017 | $1332.7 | $539.9 | 59.49 |
| 2018 | $1390.3 | $620.6 | 55.36 |
| 2019 | $1381.0 | $624.3 | 54.79 |
| 2020 | $1167.8 | $603.9 | 48.29 |
| 2021 | $1157.5 | $662.0 | 42.8 |
| 2022 | $946.9 | $428.4 | 54.76 |
| 2023 | $973.4 | $474.2 | 51.2 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye Dec | mln | mln | mln |
| 2016 | $168.1 | $81.1 | $1.68 |
| 2017 | $236.9 | $94.5 | $17.56 |
| 2018 | $104.6 | -$162.3 | $7.79 |
| 2019 | $117.1 | -$77.6 | $5.26 |
| 2020 | $31.6 | -$20.6 | $43.29 |
| 2021 | $34.6 | -$31.5 | $16.07 |
| 2022 | -$14.1 | -$56.7 | $2.39 |
| 2023 | $36.71 | -$50.71 | $4.87 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye Dec | cents | annual avg | dollars | annual avg % |
| 2022 | 0.017 | 88.95 | 1.282 | 10.582 |
| 2023 | 0.064 | 23.72 | 1.287 | 9.029 |
Description of trading activities
Channel Infrastructure (CHI), formerly known as NZ Refining, is New Zealand's leading fuel infrastructure company. Based in Mardsen, Northland CHI acts as a primary point for fuel imports helping to power the New Zealand economy. The three main customers of CHI are BP, Mobil, and Z-Energy. CHI was first established in 1962 and the first operations of the company started in 1964.
Chairman Profile
James Miller was appointed Chairman of CHI on the 1st of November, 2018. Miller has 15' years of experience in capital markets and has held Board and Leadership positions at Craigs Investment Partners. Miller has a wealth of experience in the downstream energy industry being a Director of Mercury NZ Limited, Ryman Healthcare, and Vista Group International Limited. Miller was also the previous Chair of the Board of NZX. Miller is a chartered accountant, a Fellow of the Chartered Accountants Australia and New Zealand, a Certified Securities Analyst Professional, a member of the Institute of Directors in New Zealand, and a graduate of the Advanced Management Program at Harvard Business School.
CEO profile
Rob Buchanan was previously the General Manager of Growth and Trading at Manawa Energy, who are a leading renewable electricity owner and developer. Buchanan has a passion for helping Energy, and Infrastructure companies to create value whilst navigating issues around the ever-changing industry. Before joining Manawa Energy, Buchanan had a 20-year career in investment banking and business advisory. Most recently in the role of Head of Mergers & Acquisitions at Forsyth Barr in New Zealand. Buchanan holds a Bachelor of Commerce and Master of Business with Distinction from the University of Otago. Buchanan has also completed an Executive Certificate in Management and Leadership from the MIT Sloan School of Business.
Links:
| Company website: https://channelnz.com/ | |
| Investor information: https://channelnz.com/investor-centre/ | |
| NZX listing: https://www.nzx.com/instruments/CHI | |
| Annual reports: https://channelnz.com/investor-centre/reports-presentations/ |