FY19 Q1 Performance Report

MARKET RELEASE
Date: 10 October 2018
NZX: GNE / ASX: GNE
FY19 Q1 PERFORMANCE REPORT

Genesis Energy today released to the NZX its FY19 Q1 Performance Report for the three months
ended 30 September 2018. The report is available from the Genesis Energy page at www.nzx.com
or https://www.genesisenergy.co.nz/investors/reports-and-presentations#quarterly.

Towards the end of the quarter and coming into October, Genesis has noted a material change in
wholesale electricity and fuel market conditions due to declining hydro storage and a drier outlook,
gas field production constraints, increased international coal prices and a falling exchange rate. This
has resulted in elevated wholesale electricity and gas prices which has led to hydro conservation,
and Genesis being called on to support the gas and electricity markets with our flexible dual fueled
thermal assets. Genesis continues to monitor market conditions and will ensure we are able to
meet the energy needs of our customers and existing contracts.

ENDS

For media enquiries, please contact:
Emma-Kate Greer
Group Manager Corporate Relations
M: 027 655 4499

For investor relations enquiries, please contact:
Cameron Parker
Investor Relations Manager
Genesis Energy
P: 09 951 9311
M: 021 241 3150

About Genesis Energy

Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. It sells electricity, reticulated
natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand’s largest
energy retailer with around 500,000 customers. The Company generates electricity from a diverse portfolio of
thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a
46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New
Zealand. Genesis Energy had revenue of $NZ2.3bn during the 12 months ended 30 June 2018. More information
can be found at www.genesisenergy.co.nz

---

10 October 2018
FY19 Q1
Performance Report
G E N E S I S E N E R G Y L I M I T E D

FY19
2Q1 PERFORMANCE REPORT
FY19 Q1 Performance Summary
-Customerchurnimprovedby5percentagepointsto16%comparedtothepreviousyear,
withtotalcustomernumbersdown890onQ4FY18.
-Changeinnetbackisflatinelectricityat$107/MWhonpcp,2%increaseingasnetback
to$8.7/GJ,and5%increaseinLPGnetbackto$862/t.
-Totalelectricitysalesvolumewasup4%to1,725GWh,B2Bincreased14%,offsetbya
3%fallinresidentialsalesvolumes.
-Totalgassalesvolumewasup8%to2.7PJ,withB2Bup16%onpcp.
-Averagegenerationpricereceivedwas$86/MWh,down12%howeverremainselevated
basedonhistoricallevels.
-Totalgenerationvolumewasdown15%onpcpto1,781GWh.Carbonemissionswere
down32%onpcpto392ktCO2.
-Thermalgenerationdownby29%to784GWhduetolowerswaptioncallsandmarket
gasshortagesasaresultofPohokuraoutages.Renewablegenerationflatat997GWh.
-Fieldproductionwas94%ofmaximumcapacity,down2percentagepointsonpcp.
Genesis’shareofgassaleswasdown5%to3PJduetocontractrebalancing.
-LPGproductionwasup21%onpcpto13.5ktwithLPGyieldat4.43t/TJofgasproduced,
up23%onpcp.
-Oilproductionwasdown11%to130kbbl,duetonaturaldeclineinyield.70kbblofoil
saleswererecorded,up20%onpcp.
Genesis’ customer
churn rate continues
to improve following
a foundational FY18,
with our integrated
portfolio and fuel mix
providing benefits in
the first quarter of
FY19.
Marc England, Chief Executive
Officer
Customer
Wholesale
Kupe
Wholesale
Wholesale
Kupe
1. PCP is defined as the prior comparable period ieQ1 FY18, unless an alternative comparison is stated

3
Customer Segment Performance
Highs
Lows
14.2%
2.7 PJ
Total gas sales
volumes
8.1%
764 GWh
B2B electricity
sales
1,725 GWh
Total Electricity
retail sales volumes
4.1%
2.8%
960 GWh
Residential electricity
sales volume
7%
Genesis Brand Net
Promoter score climbs
6 ppt
DUAL FUEL CUSTOMER NUMBERS & CHURN (3 MONTH ROLLING AVERAGE)
Churn
1
Down from 21.3%
Q1 FY18 to 16.2%
5.1 ppt
FY19
Q1 PERFORMANCE REPORT
Total Customers
Down 890 on Q4 FY18
1. Genesis residential 3 month rolling average churn (excluding EOL)
0%
5%
10%
15%
20%
25%
30%
102,000
104,000
106,000
108,000
110,000
112,000
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Churn & Total Customer %
Customer Numbers
Customers > 1 ProductTotal Customer Dual Fuel % (RHS)Dual Fuel Churn (RHS)

4
Wholesale Segment Performance
$86/MWh
Average price received
for generation
103%
LWAP / GWAP ratio
down due to portfolio
optimisation
2 ppt
97.6%
Equivalent Availability
Factor (EAF) up from
Q4 FY18
392 ktCO2
Generation emission
down
Highs
Lows
32.1%
1,781 GWh
Total generation down due
to lower swaption calls
and market gas outages
15.2%
FY19
Q1 PERFORMANCE REPORT
11 ppt
Rankine coal fuel %
Consumption up due to
market gas outages
19 ppt
0
1,000
2,000
3,000
4,000
5,000
$-
$50
$100
$150
$200
1-Jul6-Jul
11-Jul16-Jul21-Jul26-Jul31-Jul
5-Aug
10-Aug15-Aug20-Aug25-Aug30-Aug
4-Sep9-Sep
14-Sep19-Sep24-Sep29-Sep
Lake Storage
(GWh)
Wholesale Price
($/MWh)
Benmore (BEN2201)Otahuhu (OTA2201)
Storage Long Run Average (RHS)FY2019 Storage
Source: COMIT/Genesis Energy
DAILY AVERAGE WHOLESALE PRICES &NATIONAL HYDRO STORAGE

5
Kupe Segment Performance
13.4 kt
LPG sales up in
line with improved
production yield
17.7%
1.7%
USD75/bbl
Average Brent
Crude spot oil price
69.9 kbbl
Kupe oil sales up
External
Sales
GNE 46% Kupe share
130 kbblOil13.5 ktLPG
3.1 PJ Gas
Fuels Portfolio
Electricity Generation
Wholesale Market
Retail Customers
1,725 GWh Electricity
3.2 PJ Gas
2.7 PJ Gas
5.5 ktLPG
10.5 ktLPG
1,781 GWh Electricity
11.2 PJ Gas
1.2 PJ Coal
0 GJ Diesel
997 GWh Hydro
6 GWh Wind
784 GWh Thermal
70 kbbl Oil
16.3 ktLPG
0.8 ktLPG
External
Purchases
8.1 PJ Gas
1.3 PJ Coal
2.8 ktLPG
0.1 PJ Coal
44.5%
Q1 FY19 INTEGRATED PHYSICAL ENERGY FLOWS
1
Highs
Lows
4.43 t/TJ
LPG yield up, with
production plant
fully available
22.7%
1.LPG difference represents movement in storage
3.1 PJ
Gas production
down slightly
130 kbbl
Oil production down
due to natural yield
decline
FY19
Q1 PERFORMANCE REPORT
20.2%
10.8%

6
Glossary
FY19
Q1 PERFORMANCE REPORT
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, a connection point that is both occupied and has not been disconnected (Active-Occupied)
Customer Churn
Based on losing and gaining accounts under a Single Customer View
MVP
Minimal Viable Product
Resi, SME, C&I
Residential, small and medium enterprises and commercial & industrial customers
B2B
Business to Business, including both SME and C&I
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 wholesale, 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
Rankine's 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

7
Customer Metrics
FY19
Q1 PERFORMANCE REPORT
1. Historical customer numbers restated post LPG integration
CUSTOMER SEGMENTQ1 FY19Q1 FY18
% ChangeVar.
YTD FY19YTD FY18
% ChangeVar.
CUSTOMER
Brand Net Promoter Score - Genesis Energy (%)7.0% 1.0% 600.0% 6.0%
Customer Churn (3 month rolling average, %)16.2% 21.3% (23.9%) (5.1%)
Electricity Netback ($/MWh)$106.8$107.0(0.2%)($0.22)$106.8$107.0(0.2%)($0.22)
Gas Netback ($/GJ)$8.7$8.52.2%$0.19$8.7$8.52.2%$0.19
LPG Netback ($/t)$862$8234.8%$39.53$862$8234.8%$39.53
CUSTOMER NUMBERS
1
Electricity Only Customers338,551 352,007 (3.8%)(13,456)
Gas Only Customers18,369 18,277 0.5%92
LPG Only Customers35,190 34,719 1.4%471
Customers > 1 Product111,127 105,103 5.7%6,024
Total Customers503,237 510,106 (1.3%)(6,869)
Electricity ICPs Active-Occupied502,181 508,977 (1.3%)(6,796)
Gas ICPs Active-Occupied106,253 105,682 0.5%571
Total ICPs608,434 614,659 (1.0%)(6,225)
VOLUMES AND PRICE
Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$247.74$245.231.0%$2.51$247.74$245.231.0%$2.51
Volume Weighted Average Electricity Selling Price - SME ($/MWh)$215.06$214.560.2%$0.49$215.06$214.560.2%$0.49
Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$132.61$133.68(0.8%)($1.07)$132.61$133.68(0.8%)($1.07)
Residential Electricity Sales (GWh)960 988 (2.8%)(28) 960 988 (2.8%)(28)
SME Electricity Sales (GWh)274 285 (3.8%)(11) 274 285 (3.8%)(11)
C&I Electricity Sales (GWh)490 384 27.5%106 490 384 27.5%106
Electricity Sales - Retail (GWh)1,725 1,657 4.1%67 1,725 1,657 4.1%67
Electricity Purchases - Retail (GWh)1,831 1,756 4.3%75 1,831 1,756 4.3%75
Average Retail Electricity Purchase Price - LWAP ($/MWh) $88.11$102.06(13.7%)($13.95)$88.11$102.06(13.7%)($13.95)
Volume Weighted Average Gas Selling Price ($/GJ)$22.00$23.50(6.4%)($1.50)$22.00$23.50(6.4%)($1.50)
Residential Gas Sales (PJ)1.1 1.1 (2.0%)(0.0) 1.1 1.1 (2.0%)(0.0)
SME Gas Sales (PJ)0.5 0.5 21.2%0.1 0.5 0.5 21.2%0.1
C&I Gas Sales (PJ)1.0 0.9 14.1%0.1 1.0 0.9 14.1%0.1
Retail Gas Sales (PJ)2.7 2.5 8.1%0.2 2.7 2.5 8.1%0.2
LPG
LPG Customer Connections (#) 64,090 57,563 11.3%6,527
Bottled LPG Sales (tonnes)4,817 4,514 6.7%304 4,817 4,514 6.7%304
Other Bulk & SME LPG sales (tonnes)5,705 5,846 (2.4%)(141) 5,705 5,846 (2.4%)(141)
Total LPG Sales Volumes (tonnes)10,522 10,360 1.6%162 10,522 10,360 1.6%162

8
Wholesale Metrics
FY19
Q1 PERFORMANCE REPORT
WHOLESALE SEGMENTQ1 FY19Q1 FY18% ChangeVar.YTD FY19YTD FY18% ChangeVar.
GENERATION
Gas (GWh)688 921 (25.3%)(232) 688 921 (25.3%)(232)
Coal (GWh)96 177 (45.8%)(81) 96 177 (45.8%)(81)
Total Thermal (GWh)784 1,098 (28.6%)(314) 784 1,098 (28.6%)(314)
Hydro (GWh)991 996 (0.5%)(5) 991 996 (0.5%)(5)
Wind (GWh)6 5 11.1%1 6 5 11.1%1
Total Renewable (GWh)997 1,001 (0.4%)(4) 997 1,001 (0.4%)(4)
Total Generation (GWh)1,781 2,099 (15.2%)(318) 1,781 2,099 (15.2%)(318)
Average Price Received for Generation - GWAP ($/MWh) $85.65$97.31(12.0%)($11.66)$85.65$97.31(12.0%)($11.66)
Generation Emissions (ktCO
2
)392 577 (32.1%)(186) 392 577 (32.1%)(186)
Generation Carbon Intensity (tCO
2
/GWh)220 275 (20.0%)(55) 220 275 (20.0%)(55)
Forced Outage Factor (FOF)0.2% 0.2% (1.5%) (0.0%) 0.2% 0.2% (1.5%) (0.0%)
Equipment Availability Factor (EAF)97.6% 97.3% 0.3% 0.3% 97.6% 97.3% 0.3% 0.3%
Rankine Output (GWh)124 281 (56.0%)(157) 124 281 (56.0%)(157)
Rankines Fueled by Coal (%)82% 63% 30.3% 19% 82% 63% 30% 19%
WHOLESALE
Gas Purchases (PJ)11.2 12.6 (11.0%)(1.4) 11.2 12.6 (11.0%)(1.4)
Coal Purchases (PJ)1.3 1.0 34.1%0.3 1.3 1.0 34.1%0.3
Electricity Purchases - Wholesale (GWh)291 488 (40.4%)(197) 291 488 (40.4%)(197)
Electricity Sales - Wholesale (GWh)545 706 (22.9%)(161) 545 706 (22.9%)(161)
Wholesale Gas Sales (PJ)3.2 2.9 10.2%0.3 3.2 2.9 10.2%0.3
Wholesale Coal Sales (PJ)0.1 0.1 3.8%0.0 0.1 0.1 3.8%0.0
Wholesale LPG Sales (tonnes)6,358 9,067 (29.9%)(2,709) 6,358 9,067 (29.9%)(2,709)
Gas Used In Internal Generation (PJ)5.3 7.2 (27.2%)(2.0) 5.3 7.2 (27.2%)(2.0)
Coal Used In Internal Generation (PJ) 1.2 2.0 (41.5%)(0.8) 1.2 2.0 (41.5%)(0.8)
LWAP/GWAP Ratio (%)103% 105% (1.9%) (2.0%) 103% 105% (1.9%) (2.0%)
Weighted Average Fuel Cost ($/MWh)$29.96$33.97(11.8%)($4.01)$29.96$33.97(11.8%)($4.01)
Coal Stockpile - closing balance (kilotonnes)312 297 5.0%15

FY18
9
Kupe and Other Metrics
1. TRIFR now being reported to include contractors. Prior period has been restated on same basis
Q1 PERFORMANCE REPORT
KUPE SEGMENT
Q1 FY19
Q1 FY18
% Change
Var.
YTD FY19
YTD FY18
% Change
Var.
KUPE
Gas Production (PJ)
3.1


3.1


(1.7%)
(0.1)


3.1


3.1


(1.7%)
(0.1)


Gas Sales (PJ)
3.0


3.1


(5.1%)
(0.2)


3.0


3.1


(5.1%)
(0.2)


Oil Production (kbbl)
130.0


145.8


(10.8%)
(15.8)


130.0


145.8


(10.8%)
(15.8)


Oil Production Yield (bbl/TJ)
42.5


46.9


(9.3%)
(4.4)


42.5


46.9


(9.3%)
(4.4)


Oil Sales (kbbl)
69.9


58.2


20.2%
11.8


69.9


58.2


20.2%
11.8


Realised Oil Price (NZD/bbl)
$78.18
$84.99
(8.0%)
($6.81)
$78.18
$84.99
(8.0%)
($6.81)
Average Brent Crude Oil (USD/bbl)
$75.27
$52.08
44.5%
$23.19
$75.27
$52.08
44.5%
$23.19
LPG Production (kt)
13.5


11.2


20.6%
2.3


13.5


11.2


20.6%
2.3


LPG Production Yield (t/TJ)
4.4


3.6


22.7%
0.8


4.4


3.6


22.7%
0.8


LPG Sales (kt)
13.4


11.4


17.7%
2.0


13.4


11.4


17.7%
2.0


OTHER
Q1 FY19
Q1 FY18
% Change
Var.
YTD FY19
YTD FY18
% Change
Var.
CORPORATE
Headcount (FTE)
1,052


928


13.4%
124


Total Recordable Injury Frequency Rate
1
1.33


1.36


(2.2%)
(0.03)

10
Appendix: Customer Segment
FY19
Q1 PERFORMANCE REPORT
0
1000
2000
3000
4000
5000
6000
7000
0
200
400
600
800
1000
1200
Q1 FY14
Q2Q3Q4
Q1 FY15
Q2Q3Q4
Q1 FY16
Q2Q3Q4
Q1 FY17
Q2Q3Q4
Q1 FY18
Q2Q3Q4
Q1 FY19
GWhGWh
ELECTRICITY SALES VOLUMES (GWh)
Quarterly C&I Sales VolumesQuarterly Resi Sales Volumes
Quarterly SME Sales VolumesRolling 12month Sales Volume (RHS)
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
Q1 FY14
Q2Q3Q4
Q1 FY15
Q2Q3Q4
Q1 FY16
Q2Q3Q4
Q1 FY17
Q2Q3Q4
Q1 FY18
Q2Q3Q4
Q1 FY19
PJPJ
RETAIL GAS SALES VOLUMES (PJ)
Quarterly C&I Sales VolumesQuarterly Resi Sales Volumes
Quarterly SME Sales VolumesRolling 12month Sales Volume (RHS)
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Q1 FY14
Q2Q3Q4
Q1 FY15
Q2Q3Q4
Q1 FY16
Q2Q3Q4
Q1 FY17
Q2Q3Q4
Q1 FY18
Q2Q3Q4
Q1 FY19
Tonnes
Tonnes
LPG SALES VOLUMES (tonnes)
Quarterly Retail LPG Sales Volumes
Quarterly Bulk/SME LPG Sales Volume
Rolling 12month Sales Volume (RHS)

11
Appendix: Wholesale Segment
FY19
Q1 PERFORMANCE REPORT
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
OctNovDecJanFebMarAprMayJunJulAugSep
GWh
NEW ZEALAND DAILY STORAGE
91 year Average12month Rolling
Source: COMIT
0
20
40
60
80
100
120
140
160
180
OctNovDecJanFebMarAprMayJunJulAugSep
GWh
WAIKAREMOANA STORAGE vs LONG RUN AVERAGE -Q1 FY19
Waikaremoana Storage
Source: COMIT
0
100
200
300
400
500
600
700
800
900
1,000
OctNovDecJanFebMarAprMayJunJulAugSep
GWh
TEKAPO STORAGE vs LONG RUN AVERAGE -Q1 FY19
Tekapo Storage
Source: COMIT

12
Appendix: Wholesale Segment
PLANT PERFORMANCE
FY19
Q1 PERFORMANCE REPORT
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Forced Outage Factor (FOF) %
Equipment Availability Factor (EAF) %
Monthly EAFMonthly FOF
0
500
1,000
1,500
2,000
2,500
Q1 FY19Q1 FY18Q1 YTD FY19Q1 YTD FY18
GWh
Hau Nui Wind Farm
Tekapo A and B power stations
Waikaremoana Power Scheme
Tongariro Power Scheme
Huntly Unit 6
Huntly Unit 5
Huntly Units 1 to 4 Gas
Huntly Units 1 to 4 Coal
GENERATION BY POWER STATION

13
Appendix: Kupe Segment
OIL PRICE AND FOREX RISK MANAGEMENT
BRENT CRUDE OIL SPOT PRICE (USD/bbl)
KUPE GAS VOLUMES (GENESIS SHARE, PJ)
KUPE OIL PRODCUTION VOLUMES (GENESIS SHARE, kbbl)
FY19
Q1 PERFORMANCE REPORT
$0
$20
$40
$60
$80
$100
OctNovDecJanFebMarAprMayJunJulAugSep
12 mths to Sep1712 mths to Sep18
FORWARD RISK MANAGEMENT
Oil Price Hedges% HedgedAverage Oil Price
1-12 months82%$59.57
13-24 months62%$56.51
25-36 months29%$63.43
USD/NZD HedgesRateRate
1-12 months64%0.690
13-24 months37%0.697
25-36 months21%0.683
-
2.0
4.0
6.0
8.0
10.0
12.0
14.0
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Q1 FY14Q2 FY14Q3 FY14Q4 FY14Q1 FY15Q2 FY15Q3 FY15Q4 FY15Q1 FY16Q2 FY16Q3 FY16Q4 FY16Q1 FY17Q2 FY17Q3 FY17Q4 FY17Q1 FY18Q2 FY18Q3 FY18Q4 FY18Q1 FY19
PJ
PJ
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)
-
100.
200.
300.
400.
500.
600.
-
20.
40.
60.
80.
100.
120.
140.
160.
180.
Q1 FY14Q2 FY14Q3 FY14Q4 FY14Q1 FY15Q2 FY15Q3 FY15Q4 FY15Q1 FY16Q2 FY16Q3 FY16Q4 FY16Q1 FY17Q2 FY17Q3 FY17Q4 FY17Q1 FY18Q2 FY18Q3 FY18Q4 FY18Q1 FY19
kbbl
kbbl
Quarterly Production VolumeRolling 12 Months Sales Volume (RHS)