Genesis Energy Limited · NZX:GNE
Genesis Energy — Investor Day (November 2025)
17 slides from Genesis Energy's investor day presentation, Nov 26, 2025
Slide 1: Fuels Dinner
Fuels Dinner Angela Ogier 26th November 2025
Slide 2: Gas flex at the heart of our strategy
Gas flex at the heart of our strategy Genesis is strategically Building resilience LNG-Ready positioned in a through storage and without the risk challenging market optionality Genesis Energy – Investor day 2025 2.
Slide 3: NZ gas market
NZ gas market Challenging position with concentrated resources and demand 2P Reserves decline since 2021 >20% per year Gas use is concentrated among a few key users 2024 Gas Demand Echelon Kupe, 3 Other Other (13 fields), 21 35 Genesis Kupe, 40 Beach Kupe, 44 30 25 OMV Maui, 40 20 PJ Greymouth Turan
Slide 4: Supply and demand outlook tight
Supply and demand outlook tight Major investment required to maintain supply with an uncertain demand outlook Current levels of supply unlikely to be maintained Demand is shrinking with some notable closures Annual User Event Gas Use (PJ) Oji Fibre Solutions Kinleith paper mill closure 2H 2025 1 Fon
Slide 5: Kupe is at the heart of our flexible gas portfolio
Kupe is at the heart of our flexible gas portfolio The ROFR allows us access to gas at competitive prices Our portfolio allows us to flex into generation Our FY28 portfolio allows arbitrage across fuels Flex capacity to take advantage 25 of gas market conditions and growing renewables Renewables 20
Slide 6: Kupe a stable asset
Kupe a stable asset Known well capacity and reliable plant 80 Kupe field well-managed 70 and reliable production Transpower 60 outage – partial • Production station assets actively managed to shutdown maintain reliable production 50 • Aligned JV seeking value from late life optimisations and maintai
Slide 7: Navigating Methanexit risk
Navigating Methanexit risk Genesis well placed to support gas supply stability in the event of exit How Methanex helps the NZ energy system If Methanex exits early the drivers for early exit will define impacts • Methanex provides system flexibility when operating between minimum Unit 5 is the most
Slide 8: Gas storage supercharges our portfolio
Fuels Breakout Gas storage supercharges our portfolio Physical storage an important contributor to a leaner gas market Gas Storage Storage allows for • Gas Storage key to ensuring efficient allocation of Avoids carrying excess gas during summer or maximum gas usage gas in a smaller market – time shi
Slide 9: What is underground gas storage?
What is underground gas storage? Widespread and proven facilities in all gas markets Underground Most commonly depleted formation oil and gas fields • Has a capacity to store gas • Reuse infrastructure and wells under pressure • Readily available • Allows cyclical injection and • Close to demand ret
Slide 10: Tariki Gas Storage — Overview & Progress
Tariki Gas Storage — Overview & Progress Seasonal Storage to Underpin Winter Reliability What & Why • Seasonal storage at Tariki using existing wells • Injection of up to 45 TJ/d and withdrawal of up to 65 TJ/d • Storage capacity estimated at 10 PJ Scope & Cost • Processing at Tariki, single-train c
Slide 11: What is LNG?
What is LNG? LNG is a capital-intensive industry which supports global trade in natural gas • Liquified Natural Gas (LNG) is natural gas (primarily CH4) that has been cooled to a liquid state at approx. -162 degrees C • The process reduces the gas volume by approximately 600 times, making it easier
Slide 12: How is LNG Regasified?
How is LNG Regasified? There are 49 countries which import LNG. Approximately 35% utilise a FSRU. Regasification infrastructure • LNG receiving terminals include LNG unloading, storage and the regas facilities • Extensive global infrastructure for both onshore terminals and FSRUs • Typically, onshor
Slide 13: What is a Floating Storage and Regas Unit (FSRU)?
What is a Floating Storage and Regas Unit (FSRU)? The primary benefit of an FSRU is lower Capex, greater speed to market and increased flexibility Floating Storage Regasification Unit Vessels Suppliers The design of a new vessel or an existing vessel will have LNG storage, loading • The established
Slide 14: What is the supply/demand outlook for LNG?
What is the supply/demand outlook for LNG? Potential LNG oversupply could support a softening in prices in 2027/28 • Market currently balanced but prone to volatility • Very significant new capacity under construction in the USA and Qatar • New Asia demand will be required to underpin growth • Marin
Slide 15: Genesis is future fit for LNG
Genesis is future fit for LNG We have an experienced international team ready to integrate LNG as it work for us We understand where this fits in our fuel supply mix • Genesis will not invest in terminal infrastructure but is likely to take LNG if available • LNG complements our flexible generation
Slide 16: Gas flex at the heart of our strategy
Gas flex at the heart of our strategy Genesis is strategically Building resilience LNG-Ready positioned in a through storage and without the risk challenging market optionality • Our Kupe share gives us rights • Gas storage will supercharge • An import terminal gives NZ to production and upside from
Slide 17: Thank you
Thank you