Genesis Energy Limited · NZX:GNE
Genesis Energy — Shareholder Meeting (2012)
13 slides from Genesis Energy's shareholder meeting presentation, 2012
Slide 1: Full Year Result: Annual Public Meeting
FULL YEAR RESULT Annual Public Meeting 12 months to 30 June 2012 TRANSFORMING INTO A NEW KIND OF ENERGY COMPANY WITH A NEW KIND OF RELATIONSHIP WITH OUR CUSTOMERS Dame Jenny Shipley CHAIRMAN Albert Brantley CHIEF EXECUTIVE 1
Slide 2: Disclaimer
DISCLAIMER This presentation may contain projections or forward looking information (“Forward Looking Statements”). Such Forward Looking Statements are based on current expectations and involve risks, uncertainties and assumptions. Forward Looking Statements are not guarantees of future performance
Slide 3: Dame Jenny Shipley DNZM, Chairman
Dame Jenny Shipley DNZM Chairman 3
Slide 4: Albert Brantley, Chief Executive
Albert Brantley Chief Executive 4
Slide 5: Business Snapshot: Strategy delivering results
Business Snapshot Strategy delivering results • Largest New Zealand energy retailer with 668,684 customers • NPAT increased to $90m from loss of $17m in 2010/2011* • EBITDAF up 34% at $393m – up $100m from $293m last year • Share of total electricity market stable at 26.6% • Share of total gas marke
Slide 6: Financial Highlights
Financial Highlights Full Year Results to 30 June 2012 • NPAT of $90m • EBITDAF of $393m FULL YEAR 2012 • Generation volumes up 30% at 8,467GWh $m OPERATING REVENUE 2,270 • Full year of operations for Tekapo A and B OPERATING EXPENSES 1,878 • Full year of Kupe operations contributing EBITDAF 393 pos
Slide 7: Customer Experience: Focus on the Customer
Customer Experience Focus on the Customer • Overall customer numbers stable in a competitive market • Customer satisfaction score improved - 93% rating our service good or excellent • Advanced Meters – 284,675 now installed • Trialing Multi-rate tariff based on Advanced Meters • My Meter smart phone
Slide 8: Energy Management: Diverse portfolio delivers results
Energy Management Diverse portfolio Delivers results • Total generation up by 30% to 8,467GWh (6,526GWh in 2010/11) • Thermal up 29% to 5,654GWh (4,387GWh) • Renewable up 32% to 2,812GWh (2,138GWh) • Geographically diverse with both North and South Island hydro • Diverse portfolio provides flexibili
Slide 9: Energy Management: Huntly Power Stations
Energy Management Huntly Power Stations • Six separate power stations • 4 x 250MW coal/gas fired units • 1 x 400MW gas fired CCGT • 1 x 48MW gas fired peaker (OCGT) • Gives flexibility and balance to our generation portfolio, and supports trading and retail • Well placed for any market conditions •
Slide 10: Energy Management: Successful integration
Energy Management Successful integration • Successful integration of Tekapo stations • Achieving excellent water optimisation by balancing South Island hydro storage and North Island thermal capacity • 12 months of output from Tekapo A and B added 885GWhs to generation volumes 10 Tekapo B station di
Slide 11: Kupe: Kupe delivering
Kupe Kupe delivering • Upstream fuel integration from Kupe Oil and Gas Field • 31% interest • Kupe delivers 15% of NZ’s annual gas demand, and 50% of NZ’s LPG demand • Diversifies earnings, strong cash flows and excellent return on investment • Gives strategic position in gas industry • This upstrea
Slide 12: Development: Creating options
Development Creating options • Generation market is fully developed for near term market demand growth • Our generation development projects will give us future options • We only invest in new plant if it’s more economic than buying from the wholesale market • Our focus is on business development an
Slide 13: Conclusion: A sound, unique business strategy
Conclusion We have a sound, unique business strategy that will deliver a solid future 13 29 13