Genesis Energy Limited · NZX:GNE
Genesis Energy — Non-Deal Roadshow (June 2024)
20 slides from Genesis Energy's roadshow presentation, Jun 5, 2024
Slide 1: Governance Roadshow
For personal use only Governance Roadshow June 2024 Second line can be in orange Barbara Chapman CNZM – Chairman Catherine Drayton – Director
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Genesis Energy Limited (“Genesis Forward-looking statements in this presentation are not guarantees or conjunction with Genesis Energy’s periodic and continuous disclosure Energy”) for information purposes only. This disclaimer
Slide 3: Gen35 Rationale
For personal use only Gen35 Rationale Country Sector Company Zero Carbon 2050 Act I I I 60% 95% 100% electrification renewables reliability 1 l i CUSTOMER COMPANY ly COUNTRY Empowering the Kupe > Renewables Huntly flexibility customer-led 8,300 GWh 1,400 MW transition Net zero 2040
Slide 4: Gen35 Transition Outlook
Gen35 Transition Outlook Electrification Championing For personal use only Energy as a Service + load shifting options electric lifestyles Connected devices Products to Transition our gas Review of electrification switch gas use to value options electricity EV Sync 5,500 GWh New Renewable Energy PPA
Slide 5: Growing Shareholder Value by leveraging Genesis' Strengths
Growing Shareholder Value by leveraging Genesis' Strengths For personal use only E L EC T R I F I C AT I O N R E N E WA B L E S FLEXIBILITY OUR Retail business Renewables Growth Flexible Assets STRENGTHS Large customer book providing solid Huntly Portfolio providing a flexible 550k customers across
Slide 6: Board Focus on Risk and Opportunities
Board Focus on Risk and Opportunities For personal use only ELECTRIFICATION E L EC T R I F I C AT I O N R E N E WA B L E S FLEXIBILITY OUR Retail business Renewables Generation Flexible Assets OPPORTUNITES Technology investment to update Partnership with major international Huntly site ideally loca
Slide 7: Planning for three horizons of transition
Planning for three horizons of transition To succeed long-term, near-term focus is on getting future-fit For personal use only Horizon 1 Horizon 2 Horizon 3 FY24 FY25-28 FY29-35 ‘Getting Future Fit’, focused ‘Accelerated Transitions’, ‘The Future State’, on sweeping our own front focused on Custom
Slide 8: Horizon – Deliverables
Horizon 2 – 11 Deliverables Goal Target FY28 Goal Grow Profitability EBITDAF Group EBITDAF mid $500 millions For personal use only Debt/EBITDAF Ratio less than or equal to 2.5 Operating Expenditure Operating Expenditure ~ $361 million. Retail and Brand preference Number 1 brand equity in energy mark
Slide 9: Compelling investor rationale
Compelling investor rationale From… To… For personal use only Limited growth outlook Earnings growth and strong yield and high dividend pay out ESG discount applied by investors Leading the decarbonisation journey Expanding OPEX and tech project delays OPEX reduction, clear pathway on tech projects
Slide 10: Executive Leadership Team
Executive Leadership Team Malcolm Johns Chief Executive BMS For personal use only Joined as Chief Executive in March 2023. Previously Chief Executive of Christchurch Airport. Has held governance roles in transport, infrastructure and tourism. Tracey Hickman Matthew Osborne Chief Corporate Claire Wal
Slide 11: Fuel Market Update
Fuel Market Update • The New Zealand wholesale gas market is experiencing a For personal use only significant decline in production across major fields. • Lower gas for electricity generation has meant more coal through the Huntly Rankine units. Lower hydro inflows coupled with increased electricity
Slide 12: Genesis Energy Board of Directors
Genesis Energy Board of Directors Barbara Chapman CNZM Chairman For personal use only BCom, CFInstD Appointed Chairman in October 2018. Brings a strong customer, people and digital transformation lens to Genesis, and has extensive governance experience Hinerangi Raumati-Tu’ua Tim Miles Catherine Dra
Slide 13: Board Skills Matrix
Board Skills Matrix For personal use only Matrix as at 30 June 2023. Currently under review for release in FY24 Annual Report. 13.
Slide 14: Board Structure and Policies aligned with Best Practice
Board Structure and Policies aligned with Best Practice For personal use only • Policies and charters are formally reviewed by the Board within the third year after the last review, to ensure they remain 'fit-for-purpose’ • Policies benchmarked against third party companies as part of the review pro
Slide 15: Executive remuneration linked to Strategy, Performance and Sustainability
Executive remuneration linked to Strategy, Performance and Sustainability Genesis' remuneration policy is underpinned by three key objectives: For personal use only • Create a sense of longer‐term commitment in the relationship between the Company, key employees, and shareholders. • Be easy to under
Slide 16: Directors' Fees
Directors’ Fees Current Director fees • Genesis places significant value and For personal use only importance on attracting and retaining Directors of the right calibre and skill set that companies of our complexity require. • Directors’ fees were last approved by shareholders at the Company’s 2021
Slide 17: For personal use only
= CGenesis Energy On energy generator and retailer supplying more than 470,000 customers through its CiBenesis and Frank brands. /ere privileged to operate in some of the most utiful parts of Aotearoa. We work hard to manage our impact on the environment, and the Scommunities we are part of. persqna
Slide 18: Environment, Social & Governance Reporting
Environment, Social & Governance Reporting The following disclosures were made for the FY23 year: For personal use only • FY23 Climate-related Disclosure and GHG Inventory. Outlines climate-related financial risks and opportunities under different climate scenarios. Includes full greenhouse gas emis
Slide 19: Climate Related Risks and Opportunities
Climate Related Risks and Opportunities For personal use only 19.
Slide 20: Further questions please contact
For personal use only Further questions please contact: Tim McSweeney – GM Investor Relations timothy.mcsweeney@genesisenergy.co.nz M: 027 200 5548