STRONG HALF YEAR PERFORMANCE FOR CCHL GROUP

HY Net Profit $53.3M - up 52% on HY 2022 On track to pay $32.4M dividend to Council Group assets increased to $5.4B Despite the lingering impacts of the pandemic and the effects of inflation and rising interest rates, Christchurch City Holdings Limited (CCHL) has seen strong performance from across the Group for the six months to 31st December 2022, putting it on track to provide more than $32 million in dividends to Christchurch City Council in June 2023. The CCHL Group includes the city's major infrastructure companies, Christchurch Airport, Lyttelton Port Company (LPC), Orion Group, Enable, EcoCentral and Citycare Group. The Group employs more than 3,000 people across Canterbury and around New Zealand. For the six months to 31st December 2022, the Group recorded a net profit of $55.3 million, a 52% increase on the same period last year. Total operating revenue for the six-month period was also up 34% to $697 million. These increases were driven by the airport's post-pandemic recovery and growth in Citycare's property and water businesses. The Group's other companies, Orion, LPC, Enable and EcoCentral, also continued to provide results in line with expectations. As a result of this strong performance, CCHL is on track pay the Christchurch City Council its planned dividend of $32.4m for the year. Group assets increased from $5 billion to $5.4 billion relative to the same period last year, due to ongoing capital investment at Orion, LPC, and the Airport, and an uplift in asset and property valuations. For further information, refer to the full NZX release and 2023 Interim report. ENDS For further information contact: Toni Rowell Chief Financial Officer Phone: +64 3 941 8374 Mobile: +64 21 896 486 Email: toni.rowell@cchl.co.nz End CA:00407516 For:CCH Type:HALFYR Time:2023-02-28 14:14:29