2020 Annual Shareholder Meeting

MARKET RELEASE
Date: 30 September 2020

NZX: GNE / ASX: GNE
2020 Annual Shareholder Meeting Presentation

Genesis Energy Limited’s (GNE) Annual Shareholder Meeting is being held today, Wednesday 30
th

September 2020, commencing at 10.00 am. Whilst not the Company’s prefered option, due to COVID-
19 concerns, the Annual Shareholder Meeting will be held virtually.

To participate in the Annual Shareholder Meeting please visit web.lumiagm.com on your computer or
mobile device. Alternatively, download the Lumi AGM app from the Apple App Store or Google Play
Store. Shareholders will require the meeting ID – which is 398-583-434 – as well as their
CSN/Securityholder Number.

All material, including the Chair and Chief Executive address, will be made available on the Genesis
Energy Investor Centre website at
https://www.genesisenergy.co.nz/investors/annual-shareholder-
meeting.


ENDS


For media enquiries, please contact:
Allan Swann
Communications Manager
Genesis Energy
M: 027 211 4871

For investor relations enquiries, please contact:
Tim McSweeney
Investor Relations Manager
Genesis Energy
M: 027 200 5548

About Genesis Energy
Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity,
reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online and is New
Zealand’s largest energy retailer with approximately 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 also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of
Taranaki, New Zealand. Genesis had revenue of $NZ2.6 billion during the 12 months ended 30 June 2020. More
information can be found at www.genesisenergy.co.nz

---

GENESIS ENERGY LIMITED
2020 Annual
Shareholder Meeting
30 September 2020

Barbara Chapman
CHAIRMAN

Chair
Address
Chief
Executive
Address
Shareholder
Questions
Resolutions
and Voting
1
2
3
4

Board of Directors
Maury Leyland-Penno
Barbara ChapmanCatherine Drayton
Tim Miles
Doug McKay
Paul Zealand
James Moulder

Supporting our
customers during
COVID-19

Corporate Governance: Board Skills Matrix
Skill / Capability
BARBARA
CHAPMAN
CATHERINE
DRAYTON
DOUG
MCKAY
TIM
MILES
JAMES
MOULDER
MAURY
LEYLAND
PENNO
PAUL
ZEALAND
Business strategy and leadership experience
Listed company governance experience
Regulated industry knowledge and experience
Government and stakeholder relationship experience
Finance / Accounting / Audit Committee experience
Corporate finance / capital markets / transactional experience
Large industry operational (capital) project management experience
Health and safety, risk experience
Customer insight, data, marketing and brand experience
Technology / innovation and digitalisationexperience
People / culture / reputation management

Additional Board
Activities

- At Genesis we value the contribution of all our people. We believe that diversity makes our organisation stronger,
more capable and more innovative.
Diversity & Inclusion
Pay Equity Gap
Median Pay Gap for equal value
of work (base salary only)
2019: 1.6%
Leadership Progression Gap
Senior
leadership
roles
females
50%
males
50%
To t a l
workforce
females
43%
males
57%
%
Median Pay Gap for equal
value of work (total pay)
%
Total Gender Gap
When comparing median total
hourly wages, women earn $0.63
for every $1 that men earn.
Women's median total hourly
wage is 37.2% lower than mens'.
2019: 41%
%

The Taskforce on Climate-Related Financial Disclosures (TCFD)
Genesis Energy Limited FY20 Full Year Result Presentation 9.
Strategy
Risk
Management
Governance
Metrics
& Ta r g e t s
1.We set out a comprehensive risk identification and assessment process
over the short, medium and long term. Key strategic considerations:
•Building a renewable future
•Transitioning baseload thermal generation to renewables
•New Zealand’s seasonal storage challenge
•Climate change scenario mapping
•Genesis’ Future-gen transition strategy
2.Clear metrics and targets Genesis commit to focus on:
•Carbon emission reduction targets and reporting
•Renewable development opportunities to displace baseload thermal
•Customer-centric, community and corporate based electrification and
environment related goals
3.Commitment to oversight and accountability by Genesis’ Board and
management team
4.Proactive management of risks and opportunities around climate change
concerning:
•Acute Physical Risk, Chronic Physical Risks, & Transition Risks

Marc England
CHIEF EXECUTIVE OFFICER

EBITDAF
FY19 $369m
(restated)
$
m
NPAT
FY19 $59m
(restated)
$
m
.
cps
Up 1%
from 17.05cps
Underlying earnings
Gross Yield
FY19 6.4%
$
%
Free cash flow
$
m
FY19 $178m
Full Year Dividend
$
m
FY19 $67m

Future-genstrategy will maximise value as NZ transitions to a low carbon
future
Genesis Energy Limited FY20 Full Year Result Presentation 12.
Economically displace baseload thermal
with renewable generation
Enhance the value of our back-upthermal
in an increasingly renewable market
Develop a pipeline of executable renewable
options
Progressing
PPA Wind
Considering
PPA Solar
Considering PPA
Geothermal
Negotiate future
swaptions
Creating fuel and
plant flexibility
Investing in carbon
offsets
Maximise the value of our thermal fleet
Secure flexible gas arrangements
In FY21 Genesis will committo a science-based emission reduction target
1
Our 2030 goals to deliver this include:
•Develop 2,650 GWh of renewable portfolio options
•Execute up to 110 TJ/day of gas flexibility backed by up to 20 TJ of storage
•500 ktof long-term carbon offsets at below market prices, combined with our 2025/2030 coal commitments
1
As part of its Science-based Targets Initiative, Genesis has committed to setting generation emission reduction targets by the end of FY21

New Zealand’s emissions profile
Source: Ministry for the Environment, Gross Greenhouse
Gas Emissions 2018 (published: April 2020).
Note: these figures may not add up to exactly 100% due to rounding

14.
Solving deep energy storage is New Zealand’s unique challenge
There are limited options to store 3,000 GWh of energy for dry years
More lake
Taupos*
Tesla Powerwalls...
Per household
m
%
LPG bottles
Of the potential
Huntly stockpile
Of the maximum potential** capacity of
Lake Onslow pumped hydro scheme
%
25
* At current operating range
80
10
5
140

Innovation Delivers Sustainable Returns
Kenehi @ WynyardZilchOfficial Energy partner
of Emirates Team NZ
EnergyIQ and Ecotracker
Kupe Gas Field

Shareholder
Questions

Resolutions
and Voting

Resolution
—re election of Doug McKay

Resolution
—proxy votes received as at 28 September2020
RESOLUTIONVOTE TYPENUMBER OF VOTES%% OF ALL SECURITIES
1. Election of Doug McKayVotes For675,817,542 98.97%64.76%
VotesAgainst179,8090.03%0.02%
Discretionary
Board
Non-board
6,844,802
770,680
6,074,122
1.00%
0.11%
0.89%
0.66%
0.07%
0.58%
Abstain41,138NA0.00%

Thank you