Z was formed when Infratil and the New Zealand Superannuation Fund bought the NZ downstream business from Shell in 2010. Since then Z has emerged as a local business success story.
Our operations span crude oil and refined product procurement, contracted refining, national distribution and commercial and retail marketing. We currently supply approximately 45 percent of all transport fuels in New Zealand; petrol, diesel, jet fuel, bitumen and fuel oil.
In 2013 we listed on both the New Zealand Stock Exchange (NZX) and the Australian Stock Exchange (ASX). We are a NZX10 company – subject to continuous disclosure rules of both exchanges. We also have four retail bonds on offer on the New Zealand Debt Exchange (NZDX). In October 2015 our cornerstone shareholders reduced their holdings from 40% to 10% so Z is now fully floated.
Z acquired the Caltex New Zealand business from Chevron in June 2016 which gave us exclusive wholesale supply to the Caltex independently owned and operated retail network and nationwide truck stops around New Zealand. With the acquisition of Caltex, Z now supplies just under half of the New Zealand fuel market across both networks.
Z owns 15.1 percent of New Zealand Refining (NZR) as well as 11 terminals and four joint venture terminals in nine port locations around New Zealand and a 50 percent holding of Coastal Oil Logistics Limited (COLL).
We are a focused, locally managed and operated downstream New Zealand fuels business not integrated with any upstream oil / gas producer. All decision-making and governance functions are in-country and seeks to behave as a distinctively transparent, values-based Kiwi company.
Z is proud to be a company that contributes to the New Zealand economy and community. We respond to what our customers want while also rewarding our investors for their belief in us.
At Z, we’re committed to earning the trust and respect of the market.
Our investors have shown a lot of trust and faith in our business by backing our company, so it’s only right that we do everything we can to ensure that this trust is earned and strengthened.
How do we do this? First and foremost, we behave with integrity and in a manner true to our values, and second, we ensure the highest standard of communications with investors, potential investors and with the market more generally.
We comply at all times with market, regulatory and governance requirements and continue to be a socially responsible company with a conscience. We want our investors to be proud of the fact that they're investors in Z. Ultimately, investors in Z are the owners of our company and we have the highest level of accountability to them.
Like most Kiwis, we’re a pretty straight up bunch here at Z. Being straight up and sharing everything are two of our core values that underpin what we do and how we go about it. What this means for our investors is that we're accessible, and we keep you informed. Our communications with investors and the market are clear, transparent, consistent and in a manner that recognises the company's commercial accountabilities.
We also recognise that effective communication with investors and the market must be two-way. In our view, best practice investor communications includes equal amounts of speaking and listening. In fact, much of our success as a company so far is owed to our willingness to listen to what our customers tell us and adapt our business accordingly. So, just as we did with our customers over the first few years of our operation and continue to do, we seek feedback and listen to what our investors have to say about Z, how we do business, and how we communicate.
To us, sustainability means acting in a way that benefits the future of the neighbourhoods we operate in and the planet we live on, while at the same time sustaining the long term future of our company. We think it's good for business, good value and good sense.
Here are Z, we:
Find out more about where we stand on sustainability.
As a Kiwi company that serves neighbourhoods across New Zealand, we’re very conscious of the expectation people have on us when it comes to being a good neighbour. Our customers have told us they want us to contribute to the things that matter locally, in our neighbourhoods. So we back our neighbourhoods by investing in them.
Good in the Hood is how we give back to local neighbourhoods to support the things that really matter to them. It’s a unique approach and one that encourages people to have a say in what Z supports in their local neighbourhoods.
Z Energy operates to high standards of corporate governance.
The company’s executive team and CEO are based in Wellington. The Board comprises members from a variety of locations and backgrounds with a diverse range of skills and experience.
View or update your holdings and other investor details on the website of our Registry, Link Market Services: www.linkmarketservices.co.nz
Alternatively, contact our Registry:
Mail: Link Market Services, PO Box 91976, Auckland 1142, New Zealand
Fax: +64 9 375 5990
Phone: +64 9 375 5998
For investor relations contact:
Matt Hardwick, Investor Relations Manager
Phone: +64 9 583 5090
For corporate governance matters contact:
Z’s Board of Directors
or Chief Governance Officer