Genesis Energy Limited · NZX:GNE
Genesis Energy — Investor Day (November 2024)
13 slides from Genesis Energy's investor day presentation, Nov 21, 2024
Slide 1: Retail and Technology Strategy Showcase
Retail and Technology Strategy Showcase Presenters: Edward Hyde CTTO Stephen England-Hall CRO 21 November 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: 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 4: GEN35: 8 by '28
GEN35: 8 BY ‘28 Horizon 2 Objectives to deliver mid-$500m EBITDAF INITIATIVE FY28 GOAL Billing and CRM re platform Full implementation across Genesis and Frank by FY27 CUSTOMER Empower the Customer Flexibility 150 MW of customer flexibility customer led transition Electrification (EV) 30% of EV owne
Slide 5: Gen35 Horizon 2 Strategy on track
Gen35 Horizon 2 Strategy on track Horizon 2 Accelerated Transitions and Earnings Growth FY28 Retail & Retail and Technology Operating Review • Second stage of Retail operating model confirmed resulting in a further Technology reduction of 70 FTE across retail in Q3 FY25. • On track for a 200 FTE red
Slide 6: Empowering the customer led transition
Empowering the customer led transition Profit from progress: boosting core performance and making the transition cheaper and easier for customers WHERE Home Business W E P L AY GROW C R EAT E E X PA N D C O R E VA LU E T R A N S I T I O N VA LU E R E L AT I O N S H I P VA LU E Helping our customers
Slide 7: Focusing on our core
Focusing on our core FY24 we changed our model. FY25 we are delivering sustainable results. A focus on Value, Simplification and Efficiency Retail FTE split - FY24 Q1 v FY25 Q1 Core FTE Digital Projects FTE Total FTE is driving sustainable results for Genesis 910 907 878 32 33 855 854 40 FY24 Q1 v F
Slide 8: Future value pools
Future value pools Beyond core margin, future value is created by flexing the edge of the energy system Value Pool Approach Potential EBITDAF Contribution ($m) Levers Owning the EV transition and growing market share of • Customers on Energy Electric 10 higher value customers at EV plan Transport ho
Slide 9: ChargeNet
ChargeNet Genesis invested $64m for 65% of the leading charging infrastructure company, @15% IRR ChargeNet is the Leading Public Genesis’ investment supports our Together accelerating sustainable Charger Provider electrification strategy charging infrastructure Electrification of transport is the •
Slide 10: Natural Gas + LPG
Natural Gas + LPG Recognising value from scarcity in supply Gas Netback ($/GJ) 20 Natural Gas – Continuing to maximise Increased value from scarcity 18 13.9% • Customers are still willing to pay 16 • Demand source for electrification • Churn benefits – fewer competitors 14 Q1 FY24 Q1 FY25 LPG Netbac
Slide 11: A transformation towards a focused and simplified business
A transformation towards a focused and simplified business Activity focused on developing capabilities needed to deliver on the strategy and long-term goals Platform Our Vision Platform Our Progress ELECTRIFICATION • Digitise core services to drive efficiency • Focus on delivery of opex cost optimis
Slide 12: A more focused and efficient technology programme
A more focused and efficient technology programme Opex forecast – Technology ($m) Peak in Digital projects spend due to How we are tracking billing/CRM implementation costs and investment in tech systems FY25 – On track for achievement $39 • Core technology projects prioritised & governed centrally
Slide 13: Technology driving a lower cost business
Technology driving a lower cost business Billing and Customer Relationship Management (CRM) re-platform Why are we doing this? • An important driver of a new lower-cost and scalable retail Simplify Re-platform Accelerate operating model through modernisation, simplification and FY24-25 FY25-27 FY27+