Genesis Energy Limited · NZX:GNE
Genesis Energy — Non-Deal Roadshow (November 2019)
8 slides from Genesis Energy's roadshow presentation, Nov 8, 2019
Slide 1: Market Release: Investor Roadshow Presentation Addendum – NZAS Discussion
MARKET RELEASE Date: 8 November 2019 For personal use only NZX: GNE / ASX: GNE Investor Roadshow Presentation Addendum – New Zealand Aluminium Smelter Discussion Genesis Energy (Genesis) has noted a high level of interest from investors, during its November roadshow, regarding the recently announced
Slide 2: Addendum to Investor Roadshow Presentation: NZAS Closure Discussion
For personal use only Addendum to Investor Roadshow Presentation: NZAS Closure Discussion November 2019
Slide 3: New Zealand Aluminium Smelter has announced strategic review
New Zealand Aluminium Smelter (NZAS) has announced strategic review 13% of national energy demand – impact of downsizing or closure will impact New Zealand energy market For personal use only The smelter has been a significant part of New Zealand’s electricity demand since it commenced operation in
Slide 4: Closure would release significant energy into lower South Island
Closure would release significant energy into lower South Island Transmission constraints will limit energy travelling north to load centres where it could displace existing thermal For personal use only NEW ZEALAND ELECTRICITY DEMAND (TWH) Significant investment in transmission assets is UPPER requ
Slide 5: Impact of NZAS exit on Genesis is expected to be limited
Impact of NZAS exit on Genesis is expected to be limited Net short generation position in South Island benefits from lower prices whilst a flexible portfolio in the north For personal use only provides opportunities to adjust in response to market changes Genesis’ North Island generation and custome
Slide 6: Transmission upgrades will be required
Transmission upgrades will be required If Tiwai closes these upgrades take 5 to 8 years and the $600m cost means it may not be the best option for the For personal use only consumer Transmission upgrades needed Retail is a shock absorber • Wholesale price is only ~35% of customers bill • Retail pric
Slide 7: Analyst views & research
Analyst views & research The following analysts have issued recent independent research on the NZAS strategic review For personal use only Enerlytica: John Kidd, john.kidd@enerlytica.co.nz Forsyth Barr: Andrew Harvey-Green, andrew.harvey-green@forsythbarr.co.nz UBS: Aaron Ibbotson, aaron.ibbotson@ub
Slide 8: For personal use only
For personal use only