Genesis Energy Limited · NZX:GNE
Genesis Energy — NZX Spotlight Event March 2018
15 slides from Genesis Energy's conference presentation, March 2018
Slide 1: NZX Spotlight Event
NZX Spotlight Event March 2018 Chris Jewell – CHIEF FINANCIAL OFFICER GENESIS ENERGY LIMITED
Slide 2: About Genesis Energy
About Genesis Energy — only integrated energy management company in New Zealand KEY INFORMATION Revenue: NZ$2.0 billion EBITDAF Guidance (FY18): NZ$350-360 million , Dividend Yield: 6.7% Share Price: NZ$2.40 Market Capitalisation: NZ$2.4 billion Average Daily Turnover: 750,000 shares Credit Rating:
Slide 3: Market fundamentals outlook
Market fundamentals outlook — continue to be supportive • Electricity demand growth of 1% in 2017 with EV penetration accelerating Customer • Total NZ gas demand down due to industrial however retail growth continues with connections up over 15,500 in past five years • LPG demand growth remains stro
Slide 4: Strategy
Strategy Company Financial Investor
Slide 5: Company strategy
Company strategy — five key strategic initiatives underpin our transformation REIMAGINING ENERGY to put control in our customers’ hands Optimise Innovate Invest To improve short term return For medium term growth For long-term value creation Core Strategic Deliver operational Increase value share Ta
Slide 6: Company strategy: Recent strategy highlights
Company strategy: Recent strategy highlights — transformation journey underway Launched NZ’s first real world research and Reset development energy Strategy and vision community Acquired additional 15% of Kupe for $168 million Acquired retail LPG distribution business of Nova Energy for Delivered $2
Slide 7: Company strategy: Innovating to lead
Company strategy: Innovating to lead — working with customers collaboratively to build our energy management capabilities Energy Innovation Management R&D Local Energy Energy Project Management New My Technologies Account Technology “Making Energy management real for our “Partnering with customers t
Slide 8: Financial strategy: FY21 target
Financial strategy: FY21 target — target to deliver $400 - $430 million by FY21 $15m -$20m $12m -$17m $13m -$17m $6m -$10m $2m -$3m $5m -$8m $400m - $9m -$14m $5m -$8m $430m $385m - $410m $333m FY17 EBITDAF Operational Residential Business Grow LPG Energy Kupe Core growth 4 Original Nova Energy Revi
Slide 9: Investor Strategy
Investor Strategy — continued growth in dividends with a 8.6% gross yield1 and outperformance of TSR relative to peers • FY17 16.6c of dividends declared up 1.2% representing a cash yield of 6.7%. Dividend policy to grow in real terms over time with 3.8% growth delivered in past three years against
Slide 10: Dividend reinvestment plan
Dividend reinvestment plan — introduced for the HY18 dividend to support growth • To provide capital support for Genesis’ growth strategy, and provide DRP Details a cost effective way for shareholders to reinvest in Genesis’ growth Discount 2.5% strategy Dividend amount 8.3 cpu Price The volume weig
Slide 11: HY18 financial overview
HY18 financial overview — a diverse portfolio delivering consistent earnings over time • HY18 EBITDAF $200 million, up 28%, FY18 guidance of $350 - $360 million • NPAT down 24% to $28 million, due to fair value movements, underlying earnings up 14% to $43 million • Operating cash flow up 57% to $199
Slide 12: A coal free electricity future
A coal free electricity future — Genesis believes in a coal free future At Genesis we are taking steps to ensure New Zealand can move to an even more renewable future – we believe in a coal-free future for electricity generation in New Zealand. MAR18 NZX SPOTLIGHT EVENT 12
Slide 13: Summary
Summary
Slide 14: Why Genesis?
@ Why Genesis? 4. Agile culture embracing . Delivering a cohesive 2. Ensuring security of 3. Creating value customer experience supply in a volatile through an integrated and leading change with 3 products on one renewable market fuel position technology platform
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