South Island Roadshow Presentation

MARKET RELEASE
Date: 5 May 2021
NZX: GNE / ASX: GNE

South Island Roadshow Presentation

Genesis Energy Limited (GNE) Chief Executive, Marc England and Chief Financial Officer, Chris Jewell
will, this week, be conducting a roadshow with several investors throughout the South Island of New
Zealand.

The roadshow presentation materials are attached and will be available from the Genesis Energy page
at www.nzx.com or https://www.genesisenergy.co.nz/investors/reports-and-presentations
.


ENDS

For investor relations enquiries, please contact:
Tim McSweeney
Investor Relations Manager
M: 021 241 3150

For media enquiries, please contact:
Chris Mirams
GM Communications and Media
M: 027 246 1221



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 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
South Island Roadshow
May 2021
Second line can be in orange
Marc England –Chief Executive
Chris Jewell –Chief Financial Officer

2. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Presenters
Marc England
Chief Executive -MBA, MENG
Marc joined Genesis in May 2016. He is responsible for the leadership, strategic direction and management
of all its business interests.
Prior to joining Genesis, Marc was Executive General Manager New Energy at AGL Energy in Australia and
also previously held the role of Group Head of Strategy there. Marc has 12 years’ experience in the sector
across three markets having also worked at British Gas, a subsidiary of Centrica Plc, in the UK from 2007.
Earlier in his career Marc held a number of Corporate Finance roles at Ford Motor Company and prior to
that was a Petroleum Engineer for Halliburton Energy Services in the Middle East and United States. Marc
has a Master of Engineering in Mechanical Engineering and European Studies and an MBA.
Chris Jewell
Chief Financial Officer -BE (Hons), MEM, CIMA
Chris joined the Genesis Executive in 2013 as General Manager Portfolio Management and was appointed
Chief Financial Officer in 2016. From 1 July 2019 his role was expanded to include executive general
management of Strategy.
Chris is responsible for leading the Company’s strategy formulation and overseeing all finance functions,
treasury, tax, risk, corporate finance, mergers and acquisitions, investor relations and procurement.
Chris brings significant senior leadership experience in the energy sector across the disciplines of markets,
infrastructure investment and asset operations. Chris sat on the Electricity Authority governance boards and
has previously worked in the telecommunications and infrastructure sectors in the United Kingdom.

3. 3 M A Y 2 0 2 1
Genesis Overview and
Strategy

4. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
KEY INFORMATION
Revenue (FY20): NZ$2.6 billion
EBITDAF (FY20):NZ$356 million
Gross Dividend Yield*: 6.7%
Share Price*: NZ$3.41
Market Capitalisation*: NZ$3.6 billion
30 Day Average Volume Traded: 460,000 shares
Credit Rating: BBB+ (Standard & Poors)
* Calculation as at 29April 2021.
Genesis is New Zealand’s largest energy retailer, generating electricity from
a diverse portfolio of thermal and renewable assets throughout the
country

5. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W

6. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Empowering
New Zealand’s
sustainable
future
We’ve refreshed our purpose, strategies and vision as we head
into the 2020s

7. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Deliver more
from our core
Continue to leverage the stability from our diverse
revenue streams, and grow in markets where we identify
compelling opportunities.
Navigate the
transition
Manage an economic transition to a lower carbon
portfolio, delivering carbon reductions for Genesis and our
customers and supporting a stable electricity market.
Build for the
future
Building the capabilities, systems and infrastructure for
future value growth.
Empowering
New Zealand’s
sustainable
future

8. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Our Future-gen strategy focuses on the opportunity to
deliver value uplift by actively managing the energy transition
New renewables displacing baseload
thermal
Enable a flexible fuel portfolio
Create value with backup thermal
2
1
3
Empowering
New Zealand’s
sustainable
future

9. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
2
3
4
5
6
1
Create residential experiences that
build customer loyalty
Grow our market share of
small business customers
LPG #1 or #2 in every region
Unleash Energy Online in the tier 2 market
Design products for emerging
energy management needs
Invest in technology and data to create consistent
and distinctive end to end Customer Experiences
Our refreshed retail strategy emphasises six key priorities,
delivering more for our core whilst building for the future
Empowering
New Zealand’s
sustainable
future

10. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
We’re continuing emissions reductions by setting
Science Based Targets consistent with limiting warming to 1.5°C
Target Year
1
:
Reduce direct emissions
Scope 1 & 2
Reduce indirect emissions
Scope 3
%
%
1.Target is based on our FY20 as the base year.
2.Combined scope 1, 2 & 3
Reduce emissions
2
by at least
1.2 million tonnes
Reduction for 1.5°CGenesis ambitionRemaining emissions

11. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Genesis now aligns with five of 17 of the United
NationsSustainable Development Goals
•Future-gen
Strategy
•Zilch
•Energy IQ
•EcoTracker
•Local employment
pathways
•POU Limited
•School-gen
•Financial
performance
•Investment
•Shareholder returns
•Gender Pay Gap
•Genesis School-
gen Trust
•Living Wage
Employer
•Inclusion Council
•Science-Based
Target
•Future-gen
Strategy
•TCFDReporting
•Iwi Partnerships
•Tilt Renewables
•Department of
Conservation
•Emirates Team New
Zealand
•School-gen

12. 3 M A Y 2 0 2 1
Genesis Investment
Proposition

13. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Genesis has delivered an annualised TSR of 16.8% and continual
dividend growth since listing in 2014
14.0
14.5
15.0
15.5
16.0
16.5
17.0
17.5
FY2015FY2016FY2017FY2018FY2019FY2020
Gross Dividend (cps)
CONSISTENT DIVIDEND GROWTH SINCE LISTING IN 2014
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Jan-18Jul-18Jan-19Jul-19Jan-20Jul-20Jan-21
Gross Dividend Yield
MeridianMercuryContactGenesisNZ 10Yr Bonds
MARKET LEADING DIVIDEND YIELD

14. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Our financial track record shows we’re abusiness that does what
it says it will do –we are on track for the$400m target set in FY16
1
Capital expenditure excludes M&A activities. Amounts differ from amounts stated in the financial statements due to exclusion ofcapital
expenditure relating to Huntly U5’s Long Term Maintenance contract (LTMA) (FY20: $16.5m).
FY17 TO FY20 DIVIDEND CENTS PER SHARE & PAY-OUT HISTORY
1
Free cash flow represents EBITDAF less tax paid, net interest and stay in business capital expenditure.
2
Excluding one-off items include the Tekapo gate, Tekapo turbine overhaul and Tekapo turbine runners
upgrades.
225
236
261
251
250
FY16FY17FY18FY19FY20
LPG distribution acquisition & increased
share in Kupe JV
FY17 TO FY20 CONTROLLABLE OPERATING EXPENSES
1
$ Millions
40
47
80
8989
95
FY16FY17FY18FY19FY20FY21 Up to
FY17 TO FY21 CAPITAL EXPENDITURE
1
$ Millions
1
Controllable operating expenses refer to Employee Benefits plus Other Operating Expenses. In FY20 Genesis
updated its segment reporting and this included realigning the Technology & Digital function previously in Corporate
to the Retail Segment. All comparable periods have been adjusted to reflect the new segment note structure.
333
360
369
356
FY17FY18FY19FY20FY21 target
FY17 to FY21 EBITDAF
$ Millions
Current guidance
395 -415
16.60
16.90
17.05
17.20
106%
89%89%
98%
94%
FY17FY18FY19FY20
Dividends (CPS)% of Free Cash Flow% of Normalised FCF (2)
1
2

15. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Genesis is well positioned for market uncertainties
Market
uncertainties
Genesis’
position
Industrial
closures
Largest
residential supplier
Largely
North Island located
Able to offset
more expensive
thermal
Gas
availability
We have
long-term rights to
gas
Portfolio
flexibility and
optionality
Pace of
electrification
Transition
expected to benefit
electricity
Carbon
pricing
Future-gen
will lower
emissions

16. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Why invest in Genesis?Our commitments
Attractive growing
dividend
Earnings growth and
improved balance sheet
Reducing carbon
exposure
Strong team with an
innovative culture
Distinctive customer
experiences
Improve customer
Net Promoter Score
Limit climate change
Science based target
for 1.5°C by 2025
Stable diverse earnings
A plan for growth

17. G E N E S I S E N E R G Y S O U T H I S L A N D R O A D S H O W
Disclaimer
This presentation has been prepared by Genesis Energy Limited (‘Genesis Energy’) for information purposes only. The information in
this presentation is of a general nature and does not purport to be complete nor does it contain all the information requiredfor an
investor to evaluate an investment. This presentation may contain projections or forward-looking statements regarding a variety of
items. Such forward-looking statements are based upon current expectations and involve risks and uncertainties. Actual results may
differ materially from those stated in any forward-looking statement based on a number of important factors and risks.
Although management may indicate and believe that the assumptions underlying the forward-looking statements are reasonable, any
of the assumptions could prove inaccurate or incorrect and, therefore, there can be no assurance that the results contemplated in the
forward-looking statements will be realised. EBITDAF, underlying profit and free cash flow are non-GAAP (generally accepted
accounting practice) measures. While all reasonable care has been taken in compiling this presentation, to the maximum extent
permitted by law Genesis Energy accepts no responsibility for any errors or omissions and no representation is made as to the
accuracy, completeness or reliability of the information. This presentation does not constitute investment advice.

Further questions please contact:
Tim McSweeney –Investor Relations Manager
timothy.mcsweeney@genesisenergy.co.nz
M: 027 200 5548