Contact Energy Ltd

CEN: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 1.20	Zfjtyyq	Hjlwqtm

Contact Energy Company Report

, Mathew Hodge

Aug 16, 2015

Business Strategy and Outlook

Contact Energy is New Zealand's leading producer and supplier of electricity. It operates in a favourable environment dominated by four electricity producers, which results in disciplined competition and historically good pricing power. We do not think the industry dynamics will change for the foreseeable future. As a result, we believe that the four major players will continue to generate favourable returns in the long run.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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