Genesis Energy Limited · NZX:GNE
Genesis Energy — Shareholder Meeting (October 2025)
40 slides from Genesis Energy's shareholder meeting presentation, Oct 16, 2025
Slide 1: Annual Shareholder Meeting
Genesis Energy Annual Shareholder Genesis Energy Meeting Barbara Chapman CNZM Chairman Malcolm Johns Chief Executive 16 October 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Genesis Energy Limited expectations and involve risks, uncertainties, assumptions, to NZX for the purpose of that information being made available to (“Genesis Energy”) for information purposes only. This disclaimer contingencies and other factors, m
Slide 3: How to Participate in Virtual/Hybrid Meetings and ask a Question
How to Participate in Virtual/ Hybrid Meetings and ask a Question Shareholder & Proxyholder Q & A Participation Online Questions › 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 into the field and
Slide 4: Agenda
Agenda 1. Board highlights 2. Chief Executive’s overview 3. Q&A session 4. Resolutions 5. General business 4 16 Oct 2025 – Annual Shareholders Meeting
Slide 5: Timeline of Director re-appointments
Timeline of Director re-appointments Warwick Hunt MNZM Director September 2022 BAcc (Hons), FCA, FKC Hinerangi Raumati-Tu’ua MNZM March 2022 Director BMS, MMS, FCA Tim Miles Director November 2016 BA Catherine Drayton Director March 2019 BCom, LLB, FCA, CFInstD David Baldwin For election Director BE
Slide 6: Our Board
Our Board Barbara Chapman CNZM Chairman BCom, CMInstD Tim Miles Hinerangi Raumati-Tu’ua Warwick Hunt MNZM Director MNZM Director Director BAcc (Hons), FCA, FKC BA BMS, MMS, FCA David Baldwin Catherine Drayton James Moulder Director Director Director BE, MBA, GAICD BCom, LLB, FCA, CFInstD BA, BCA, MP
Slide 7: Barbara Chapman CNZM Chairman
Barbara Chapman CNZM Chairman 7 16 Oct 2025 – Annual Shareholders Meeting
Slide 8: Corporate governance FY25
Corporate governance FY25 8 16 Oct 2025 – Annual Shareholders Meeting
Slide 9: Policy and regulation
Policy and regulation • Gen35 well aligned to Government priorities. • Genesis welcomes the clarity these announcements have brought to the market. • Genesis actively reviewing options to deliver strategy faster. 9 16 Oct 2025 – Annual Shareholders Meeting
Slide 10: Development Pipeline | Government Energy Package Response
Development Pipeline | Government Energy Package Response Genesis is well-positioned to respond to the Government Energy Package through its strategic investments in Huntly’s capacity and a potential gas storage opportunity. Dispatchable Firming Capacity Fuel Security Firming Products Renewables G
Slide 11: Financial performance
Financial performance Normalised EBITDAF 1 Net Profit After Tax Dividend $470m $169m 14.3 cps Up 15% on FY24 Up 29% on FY24. Up 2% on FY24. 1. Normalised EBITDAF is adjusted for material non-routine items as per Genesis Disclosure of Non-GAAP performance measures policy. Refer to the Results Present
Slide 12: Normalised EBITDAF FY25 ($m)
Normalised EBITDAF FY25 ($m) 480 2 470.3 470 2.4 11.7 460 454.3 450 440 430 420 410 400 Reported Crown Royalty Organisational Restructure Acquisition Costs Nomalised • The Group’s Disclosure of Non-GAAP Performance Measures policy (“policy”) determines the framework within which non-GAAP financial i
Slide 13: Health and safety
Health and safety 16 Oct 2025 – Annual Shareholders Meeting
Slide 14: Gen35
Gen35 Customer RENEWABLES FLEXIBILITY Empowering Displace thermal & growth 8,300GWh the customer- Net zero 2040 1,300MW led transition 14 16 Oct 2025 – Annual Shareholders Meeting
Slide 15: Delivering new renewables
Delivering new renewables 15 16 Oct 2025 – Annual Shareholders Meeting
Slide 16: Capital structures
Capital structures On balance sheet – Huntly BESS Directly leverage third-party capital – Lauriston solar Indirectly leverage third-party capital – Tauhara geothermal PPA 16 Oct 2025 – Annual Shareholders Meeting
Slide 17: Emissions volatility
Emissions volatility 16 Oct 2025 – Annual Shareholders Meeting
Slide 18: Our people
Our people 16 Oct 2025 – Annual Shareholders Meeting
Slide 19: Malcolm Johns Chief Executive
Malcolm Johns Chief Executive 19 16 Oct 2025 – Annual Shareholders Meeting
Slide 20: The Executive Team
The Executive Team Tracey Hickman Matthew Osborne Ed Hyde Chief Operating Officer Chief Corporate Affairs Officer Chief Transformation & Technology Officer Malcolm Johns Julie Amey Stephen England-Hall Claire Walker Chief Financial Officer Chief Revenue Officer Chief People Officer Chief Executive 2
Slide 21: FY25 performance
FY25 performance 16 Oct 2025 – Annual Shareholders Meeting
Slide 22: FY25 Performance
FY25 Performance Delivering new Monetising Huntly Technology renewable Power Station generation Driving safety Building a delivery Retail transformation improvements driven team 22 16 Oct 2025 – Annual Shareholders Meeting
Slide 23: Monetising Huntly Power Station
Monetising Huntly Power Station Genesis Existing vs. Future Energy Position 11TWh's Future Market Security 9TWh's Future Market Security 8TWh's HFOs1 HFOs1 Current Market Security 6TWh's Huntly Baseload Commercial & Industrial Huntly 5TWh's Renewables 3TWh's Renewables Residential & Small Business 2
Slide 24: Total gas usage FY25
Total gas usage FY25 Gas and Coal Market Prices ($/GJ) 60 50 FY25 Gas Numbers 40 Total Gas Purchased: 25.1 PJ Fuel Cost $/GJ 30 Wholesale Gas Market Sales: 1.7 PJ 20 Used for Generation: 16.6 PJ Sold to Customers: 6.8 PJ 10 0 Aug23 Oct23 Dec23 Feb24 Apr24 Jun24 Aug24 Oct24 Dec24 Feb25 Apr25 Jun25 -1
Slide 25: Delivering new renewable generation
Delivering new renewable generation Expected FY28 Target Site Generation Update Secured Renewables (TWh) (GWh/year) 5 Lauriston (Solar) ~100 Operational (February 2025) SOLAR Edgecumbe (Solar) ~230 Final Investment Decision targeted for Q2 FY26 4 Leeston (Solar) ~110 Final Investment Decision target
Slide 26: Technology Digital spend
Technology Strategic Pillar Project Progress Update Billing & CRM re-platform • First go live on track for Q1 FY26 • Phase 1 (General Ledger Refresh) on track for FY26. Powered Finance Delivery • Tracking to full completion in FY27 • New derivatives trading tool delivered. Trading & risk platform •
Slide 27: Retail transformation
Retail transformation Prioritising Value Over Volume Simplifying Our Business Achieved $65 million in margin uplift Delivered $12 million in baseline in FY25. OPEX savings in FY25. 27 16 Oct 2025 – Annual Shareholders Meeting
Slide 28: Driving safety improvements
Driving safety improvements Claire Walker Will Eastgate 28 16 Oct 2025 – Annual Shareholders Meeting
Slide 29: Building a delivery-driven team
Building a delivery-driven team 16 Oct 2025 – Annual Shareholders Meeting
Slide 30: Thank you
Thank you 30 16 Oct 2025 – Annual Shareholders Meeting
Slide 31: Shareholder questions
Shareholder questions 16 Oct 2025 – Annual Shareholders Meeting
Slide 32: How to Participate in Virtual/Hybrid Meetings & Vote
How to Participate in Virtual/ Hybrid Meetings & Vote 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. › Your vote
Slide 33: Resolution 1: Re-election of Catherine Drayton
Resolution 1: Re-election of Catherine Drayton Director 33 16 Oct 2025 – Annual Shareholders Meeting
Slide 34: Resolution 2: Re-election of Warwick Hunt MNZM
Resolution 2: Re-election of Warwick Hunt MNZM Director 34 16 Oct 2025 – Annual Shareholders Meeting
Slide 35: Resolution 3: Re-election of Hinerangi Raumati-Tu'ua MNZM
Resolution 3: Re-election of Hinerangi Raumati-Tu’ua MNZM Director 35 16 Oct 2025 – Annual Shareholders Meeting
Slide 36: Resolution 4: Re-election of Tim Miles
Resolution 4: Re-election of Tim Miles Director 36 16 Oct 2025 – Annual Shareholders Meeting
Slide 37: Resolution 5: Election of David Baldwin
Resolution 5: Election of David Baldwin Director 37 16 Oct 2025 – Annual Shareholders Meeting
Slide 38: Summary of proxy votes
Summary of proxy votes 38 16 Oct 2025 – Annual Shareholders Meeting
Slide 39: General business
General business 16 Oct 2025 – Annual Shareholders Meeting
Slide 40: Investor relations enquiries
Investor relations enquiries David Porter Investor Relations 40. investor.relations@genesisenergy.co.nz +64 20 4184 1186