FY18 Q2 Performance Report

Wholesale
Kupe
Wholesale

58,872
Genesis Energy LPG
customers
26.7%
1
24.1%
503,336
Total customers
over the quarter
1.2%
2
1.5PJ
Gas sales
11.4%
$76.20
Netback due to
increase in brand
investment
3.4%
Energy IQ
Launched in 3 stages
8
MVP’s developed, 4
services launched
3
Brand
Top 2
‘Consideration’ of
47%
4
5ppts
695 GWh
B2B electricity
sales
$108.53
C&I electricity
price
3.7%

$94.79/MWh
Average price received
for generation
101.4%
696 GWh
Total renewable
generation as water
conserved
7.9%
41.4 GWh
Swaptions called by
other market
participants
3.4%
Forced Outage Factor
(FOF) up due to
Tekapooutage
329 tCO2/GWh
Generation carbon
intensity up partly in
support of swaption
calls
59.3%
1.6
ppts
1,075 GWh
Total Thermal
generation up in
response to market
65.4%
332 GWh
Rankine output to
support volatile
market conditions
211.9%

11.2kt
LPG production up
in line with gas and
improved yield from
amine repairs
91.7%
152.6%
USD61/bbl
Average Brent Crude spot
oil price
183 kbbl
Kupe oil Sales
up
3.0 PJ
Gas production
supporting fuel
flexibility
76.4%
USD58/bbl
Average USD strike
price on oil contract
settlements now
below Brent Crude
spot price
External
Sales
GNE 46% Kupe share
132 kbbl Oil11.2 ktLPG
3 PJ Gas
Fuels Portfolio
Electricity Generation
Wholesale Market
Retail Customers
1,351 GWh Electricity
3.5 PJ Gas
1.5 PJ Gas
7.8 ktLPG
7.6 ktLPG
1,771 GWh Electricity
11.8 PJ Gas
2.4 PJ Coal
0 GJ Diesel
691 GWh Hydro
5 GWh Wind
1,075 GWhThermal
183 kbbl Oil
15.8 ktLPG
2.8 ktLPG
External
Purchases
8.8 PJ Gas
1.0 PJ Coal
7.4 ktLPG
0.1 PJ Coal
24.1%

CUSTOMER
Brand Net Promoter Score
Based on survey question "How likely would you be to recommend Genesis Energy/Energy Online to your friends or family?"
Electricity Market Share
Market share based on Electricity Authority data for the end of quarter
Gas Market Share
Market share based on Gas Industry Company data for the end of quarter
Customers
Electricity and gas customers are defined by single customer view, regardless of number of connections (ICP's)
Single Customer View
Represents unique customers which may have multiple ICP's
ICP
Installation Connection Point
MVP
Minimal Viable Product
Resi, SME, C&I
Residential, small and medium enterprises and commercial & industrial customers
Volume Weighted Average Electricity Selling Price - $/MWh
Average selling price for customers including lines/transmission and distribution and after prompt payment discount
Volume Weighted Average Gas Selling Price - $/MWh
Average selling price for customers including lines/transmission and distribution and after prompt payment discount
Average Retail Electricity Purchase Price - LWAP ($/MWh)
Excludes settlements from electricity derivatives.
LPG Customer Connections
Defined as number of customers
Bottled LPG Sales (tonnes)
Represents 45kg LPG bottle sales
Other Bulk and SME LPG Sales (tonnes)
Represents bulk, 3rd party distributors and SME sales
Wholesale LPG Sales (tonnes)
Represents wholelsale, export sales and transfers to Huntly power station
Electricity Sales - Wholesale (GWh)
Includes contracts for difference and options (excluding futures)
Electricity Purchases - Wholesale (GWh)
Includes contracts for difference and options (excluding futures)
Retail Netback ($/MWh)
Customer Segment EBITDAF plus electricity and gas purchase cost divided by total electricity and gas sales volumes
GENERATION
Coal (GWh)
Coal generation is calculated by applying coal burn to monthly average heat rates
Average Price Received for Generation - GWAP ($/MWh)
Excludes settlements from electricity derivatives.
Coal Used In Internal Generation (PJ)
Results have been revised to reflect changes in coal kilo tonnes to PJ conversion rate and volume methodology
Rankines Fuelled by Coal (%)
The proportion of coal used in the Rankine units
Equipment Availability Factor (EAF)
The percentage of time a power station is available to generate electricity
Forced Outage Factor (FOF)
The percentage of time a power station is unavailable to generate electricity due to unplanned failure or defect.
WHOLESALE
Weighted Average Fuel Cost ($/MWh)
Total cost of fuel burnt plus emissions on fuel burnt divided by total generation (thermal, hydro and wind)
CORPORATE
Total Recordable Injury Frequency Rate
Rolling 12 month TRIFR per 200,000 hours worked for employees and contractors
Headcount
Based on full time equivalents, excluding contractors
KUPE
Oil Hedge Levels (%)
% hedged for remainder of FY as % of forecast sales

CUSTOMER SEGMENT
Q2 FY18Q2 FY17% ChangeVar. YTD FY18YTD FY17% ChangeVar.
CUSTOMER
Brand Net Promoter Score - Genesis Energy (%)2%2%0.0%0%
Retail Netback ($/MWh)$76.20$78.86(3.4%)($2.67)$80.80$82.14(1.6%)($1.34)
CUSTOMER NUMBERS
1
Electricity Only Customers342,500 NA
Gas Only Customers18,111 NA
LPG Only Customers32,991 NA
Customers > 1 Product109,734 NA
Total Customers503,336 NA
VOLUMES AND PRICE
Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$253.48$253.98(0.2%)($0.49)$248.52$247.660.3%$0.87
Volume Weighted Average Electricity Selling Price - SME ($/MWh)$217.59$216.440.5%$1.15$216.03$213.551.2%$2.48
Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$108.53$104.673.7%$3.86$120.45$117.122.8%$3.34
Residential Electricity Sales (GWh)656 710 (7.6%)(54) 1,644 1,741 (5.6%)(97)
SME Electricity Sales (GWh)269 269 (0.2%)(0) 554 578 (4.1%)(24)
C&I Electricity Sales (GWh)426 291 46.6%135 811 593 36.6%217
Electricity Sales - Retail (GWh)1,351 1,270 6.4%81 3,008 2,912 3.3%96
Electricity Sales - Wholesale (GWh)525 400 31.1%125 1,231 958 28.5%273
Electricity Purchases - Retail (GWh)1,404 1,301 7.9%103 3,157 3,064 3.0%93
Electricity Purchases - Wholesale (GWh)302 297 1.5%4 790 732 7.9%58
Average Retail Electricity Purchase Price - LWAP ($/MWh) $95.58$47.01103.3%$48.57$99.27$53.4385.8%$45.84
LWAP/GWAP Ratio (%)101%100%1.0%1%103%100%3.1%3%
Volume Weighted Average Gas Selling Price - Resi/SME ($/GJ)$29.44$29.54(0.3%)($0.10)$25.59$25.430.6%$0.15
Residential Gas Sales (PJ)0.50.6(13.2%)(0.1)1.61.7(4.6%)(0.1)
SME Gas Sales (PJ)0.30.37.2%0.00.80.80.3%0.0
C&I Gas Sales (PJ)0.60.8(17.8%)(0.1)1.51.8(12.9%)(0.2)
Retail Gas Sales (PJ)1.51.7(11.4%)(0.2)4.04.3(7.1%)(0.3)
LPG
LPG Customer Connections (#) 58,872 17,513 236.2%41,359
Bottled LPG Sales (tonnes)2,981 1,101 170.8%1,880 7,429 2,570 189.1%4,859
Other Bulk & SME LPG sales (tonnes)4,600 - 0.0%4,600 10,438 - 0.0%10,438
Total LPG Sales Volumes (tonnes)7,581 1,101 588.7%6,480 17,867 2,570 595.3%15,298
Wholesale LPG Sales (tonnes)7,821 4,493 74.1%3,328 16,888 8,651 95.2%8,237

WHOLESALE SEGMENT
Q2 FY18
Q2 FY17
% Change
Var.
YTD FY18
YTD FY17
% Change
Var.
GENERATION
Gas (GWh)
874


626


39.6%
248


1,795


1,430


25.5%
365


Coal (GWh)
201


24


734.7%
177


378


55


590.0%
323


Total Thermal (GWh)
1,075


650


65.4%
425


2,173


1,485


46.3%
688


Hydro (GWh)
691


749


(7.8%)
(58)


1,687


1,613


4.6%
74


Wind (GWh)
5


7


(23.4%)
(2)


10


12


(10.1%)
(1)


Total Renewable (GWh)
696


756


(7.9%)
(60)


1,697


1,625


4.5%
73


Total Generation (GWh)
1,771


1,406


26.0%
365


3,870


3,110


24.5%
760


Average Price Received for Generation - GWAP ($/MWh)
$94.79
$47.07
101.4%
$47.72
$96.16
$53.36
80.2%
$42.79
Generation Emissions (ktCO
2
)
583


291


100.7%
293


1,161


660


75.7%
500


Generation Carbon Intensity (tCO
2
/GWh)
329


207


59.3%
123


300


212


41.2%
87


Forced Outage Factor (FOF)
3.4%
1.8%
88.9%
1.6%
1.8%
1.0%
80.0%
0.8%
Equipment Availability Factor (EAF)
89.5%
89.4%
0.1%
0.1%
93.4%
93.3%
0.1%
0.1%
Rankine Output (GWh)
332
107


211.9%
226


613
186
230.4%
428


Rankines Fueled by Coal (%)
60%
23%
167.5%
37.9%
62%
30%
108.8%
32%
WHOLESALE
Gas Purchases (PJ)
11.8
10.3
14.6%
1.5
24.4
23.3
4.6%
1.1
Coal Purchases (PJ)
1.0
0.0
0.0%
1.0
2.0
0.1
3617.4%
1.9
Wholesale Gas Sales (PJ)
3.5
3.8
(6.7%)
(0.3)
6.4
8.0
(19.6%)
(1.6)
Wholesale Coal Sales (PJ)
0.1
0.2
(36.9%)
(0.1)
0.2
0.4
(45.8%)
(0.2)
Gas Used In Internal Generation (PJ)
6.9
5.0
39.7%
2.0
14.2
11.2
26.8%
3.0
Coal Used In Internal Generation (PJ)
2.3
0.3
675.1%
2.0
4.3
0.7
487.0%
3.6
Weighted Average Fuel Cost ($/MWh)
$37.80
$29.96
26.2%
$7.84
$35.72
$30.60
16.8%
$5.13
Coal Stockpile - closing balance (kilotonnes)
233.6


360.6


(35.2%)
(127.0)

KUPE SEGMENT
Q2 FY18
Q2 FY17
% Change
Var.
YTD FY18
YTD FY17
% Change
Var.
KUPE
Gas Production (PJ)
3.0
1.7
76.4%
1.3
6.1
3.8
60.5%
2.3
Oil Production (kbbl)
134.9
88.7
52.1%
46.2
280.7
195.8
43.4%
84.9
Oil Sales (kbbl)
182.8
72.4
152.6%
110.4


241.0
146.8
64.2%
94.2


Average Brent Crude Spot Oil Price (USD/bbl)
$61.39
$49.46
24.1%
$11.93
$56.74
$47.65
19.1%
$9.08
LPG Sales (kt)
11.3
5.9
91.0%
5.4
22.7
11.5
96.3%
11.1
LPG Production (kt)
11.2
5.9
91.7%
5.4
22.4
11.6
93.7%
10.9
OTHER
CORPORATE
Headcount (FTE)
962
808
19.1%
154


Total Recordable Injury Frequency Rate
1.29
0.60
115.0%
0.69
1

Source: COMIT
Source: COMIT

FORWARD RISK MANAGEMENT
% HEDGED
Oil Price Hedges
Average Oil Price
1-12 months
81%
USD54.9
13-24 months
61%
USD56.3
25-36 months
37%
USD53.7
USD/NZD Hedges
Rate
1-12 months
80%
0.683
13-24 months
50%
0.689
25-36 months
30%
0.707