Genesis Energy Limited · NZX:GNE
Genesis Energy — Shareholder Meeting (October 2024)
29 slides from Genesis Energy's shareholder meeting presentation, Oct 15, 2024
Slide 1: Genesis Energy Annual Shareholder Meeting
Genesis Energy Annual Shareholder Meeting Presenters: Barbara Chapman CNZM Chairman Malcolm Johns Chief Executive Officer 1. 15 October 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Genesis Energy Limited (“Genesis Forward-looking statements in this presentation are not guarantees or Genesis Energy is subject to disclosure obligations under the NZX Listing Energy”) for information purposes only. This disclaimer applies to this p
Slide 3: Barbara Chapman CNZM, Chairman
Barbara Chapman CNZM Chairman
Slide 4: Shareholder Q&A: How to ask questions
Shareholder Q&A: How to ask questions Shareholder & Proxyholder Q&A Participation Written Questions: Questions may be submitted ahead of the meeting. If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type your question in
Slide 5: Agenda
Agenda 1. Board Highlights 2. Chief Executive’s Overview 3. Q&A Session 4. Resolutions 5. General Business 5.
Slide 6: Genesis Energy Board of Directors
Genesis Energy Board of Directors Barbara Chapman CNZM Chairman CNZM BCom, CMInstD Tim Miles Hinerangi Raumati-Tu’ua Warwick Hunt MNZM Director MNZM Director Director BA MNZM, BMS, MMS, FCA MNZM BAcc (Hons), FCA, Chairman of Human FKC Resources and Remuneration Committee Paul Zealand Catherine Drayt
Slide 7: Director Skills Matrix
Director Skills Matrix Strategic Focus Director Expertise Governance Capabilities Business strategy and leadership experience Listed company governance experience Regulated industry knowledge and experience Government, stakeholder and iwi relationship experience Finance / Accounting / Audit Committe
Slide 8: Financial Performance
Financial Performance EBITDAF 1 Net Profit After Tax Full Year Dividend $407.2m $131.1m 14.0 cps Down 21% on FY23. Down 22% on FY23 Down 33% on FY23 100% imputed. 8. 1. Earnings before net finance expense, income tax, depreciation, depletion, amortisation, impairment, unrealised fair value changes,
Slide 9: Our Purpose
OUR PURPOSE POWERING A SUSTAINABLE & THRIVING AOTEAROA FUTURE STATE PEOPLE PROFIT PLANET OUR IMPACT Manaakitanga, caring and nurturing oe) How we invest in the future and io) Tiaki Taiao, protecting the our communities, customers, team reward our shareholders environment, for us and those after CUST
Slide 10: Capital management
Capital management 10.
Slide 11: Safety and wellness
Safety and wellness 11.
Slide 12: Malcolm Johns, Chief Executive
Malcolm Johns Chief Executive
Slide 13: Executive Management Team
Executive Management Team Malcolm Johns Chief Executive BMS Joined as Chief Executive in March 2023. Previously Chief Executive of Christchurch Airport. Has held governance roles in transport, infrastructure and tourism. Edward Hyde Tracey Hickman Julie Amey Chief Technology and Chief Wholesale Offi
Slide 14: Gen35 Rationale
Gen35 Rationale Country Sector Company Net zero 2050 I I I 60% 95% 100% electrification renewables reliability i I 1 CUSTOMER COMPANY fy COUNTRY Empowering the Kupe > Renewables Huntly flexibility customer-led 8,300 GWh 1,400 MW transition Net zero 2040
Slide 15: Growth in Renewable Energy Generation
Growth in Renewable Energy Generation Renewables Share of Total Electricity Generation 12,000 100% 95% 11,000 90% 10,000 85% Renewable Share % Total Generation (GWh) 9,000 80% 75% 8,000 70% 7,000 65% 6,000 60% 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 Total Generation Demand - 4 Quarter
Slide 16: Our Purpose
OUR PURPOSE POWERING A SUSTAINABLE & THRIVING AOTEAROA FUTURE STATE PEOPLE PROFIT PLANET OUR IMPACT Manaakitanga, caring and nurturing oe) How we invest in the future and io) Tiaki Taiao, protecting the our communities, customers, team reward our shareholders environment, for us and those after CUST
Slide 17: Gen35 Horizon 1 Strategy Delivered
Gen35 Horizon 1 Strategy Delivered Horizon 1 ‘Getting Future Fit’, focused on sweeping our own front FY24 yard at a group and business unit level. Retail & Retail and Technology Operating Review • First stage of Retail operating model review completed. A reduction of Technology 130 FTE across retail
Slide 18: Energy Storage Solutions
Energy Storage Solutions 15 10 TWh 5 0 Hydro Coal Gas Low Value Fibre High Value Fibre Source: Genesis internal estimates of hydro, coal and gas current energy storage potential. Estimate of 2022/23 forestry fibre exports as per NZ Forest Owners 18. Association. Assumes conversion of log exports to
Slide 19: Biomass at Huntly can be New Zealand's dry year solution
Biomass at Huntly can be New Zealand’s dry year solution Huntly Fuel Supply Costs 600 400 $/MWh 200 0 1 2 3 4 5 6 Kupe gas Biomass Coal LNG Diesel Spot gas Price Range 1. Current pricing of Kupe supplied gas. 2. Estimate of market prices through discussion with suppliers 3. Current import price deli
Slide 20: Financial Performance: People, Planet, Profit
Financial Performance People Planet Profit Total Customers Lauriston Joint Venture Solar EBITDAF 3 496,596 63 MWp1 $407.2m Up 2.7% on FY23 Construction underway with first generation Down 22% on FY23 expected in Q2 FY25. Core FTE Employees Huntly Battery Net Profit After Tax 1,214 100 MW $131.1m A d
Slide 21: Emissions update
Emissions update 21.
Slide 22: Gen35: 8 by '28
Gen35: 8 by ‘28 Horizon 2 Objectives to deliver mid-$500m EBITDAF FY28 Goal Status Solar Up to 500MW of solar 63MWp under construction, 127MWp site secured. Over 500MW of developed and operational opportunities under consideration. First solar generation in H1 FY25. Battery Energy Storage 100MW/200M
Slide 23: Shareholder questions
Shareholder questions 23.
Slide 24: How to Participate in Virtual/Hybrid Meetings (Voting)
How to Participate in Virtual/Hybrid Meetings (Voting) Shareholder & Proxyholder Voting Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote fo
Slide 25: Resolution 1: Re-election of Barbara Chapman CNZM
Resolution 1: Re-election of Barbara Chapman CNZM Director
Slide 26: Resolution 2: Re-election of James Moulder
Resolution 2: Re-election of James Moulder Director
Slide 27: Strategy refresh
Strategy refresh Summary of Proxy Votes
Slide 28: General business
General business
Slide 29: Investor relations enquiries
Investor relations enquiries Tim McSweeney GM Investor Relations investor.relations@genesisenergy.co.nz 29. +64 27 200 5548