Governance Roadshow Presentation

MARKET RELEASE
Date: 13 May 2021
NZX: GNE / ASX: GNE

Governance Roadshow Presentation

Genesis Energy Limited (GNE) Chair, Barbara Chapman CNZM and Director, Catherine Drayton will,
this week, be conducting a roadshow with investors.

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

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Governance Roadshow
May 2021
Second line can be in orange
Barbara Chapman –Chairman
Catherine Drayton –Director

Genesis Board of Directors
—An experienced team with a deep and broad range of skills and backgrounds
Genesis Energy Limited Governance Roadshow May 2021 2.
•The Genesis Board has deep and broadexperience and
maintained consistent composition since 2019.
•Barbara Chapman joined the Genesis Board in May
2018 and assumed the role of Chairman in October
2018. Barbara served as Chief Executive and Managing
Director of ASB Bank for seven years and has extensive
governance experience.
•Catherine Drayton joined the Genesis Board in March
2019 and is Chairman of the Company’s Audit and Risk
Committee. Catherine has extensive governance
experience and was formally a senior partner at
PricewaterhouseCoopers, specialisingin mergers and
acquisitions.
•Genesis benefits from the diversity of thought,
experiences, skills and capabilities represented by its
Board of Directors.
Catherine Drayton
Doug McKay
Barbara Chapman CNZM
Paul ZealandTim MilesJames Moulder
Maury Leyland Penno

Directors bring a broad range of skills and experience
—Aligned to support strategic direction
Genesis Energy Limited Governance Roadshow May 2021 3.
Ski l l / Capabi lity
BARBARA
CHAPMAN
CATHERINE
DRAYTON
DOUG
MCKAY
TIM
MILES
JAMES
MOULDER
MAURY
LEYLAND
PENNO
PAUL
ZEALAND
Business strategy and leadership experience (a prove n re cord of developing and
e xe cuting business strategy)
Listed company governance experience (e xpe rience in l isted company governance and
dri vi ng and assessing the e ffective ness of the e xecutive )
Regulated industry knowledge and experience (e l e ctricity sector e xperience or
e xpe rience in a similarly re gulated i ndustry)
Government and stakeholder relationship experience (a prove n re cord of s uccessfully
e nga ging and managing key e xternal stakeholder re lationships)
Finance / Accounting / Audit Committee experience
(e xpe rience i n financial accounting, re porting and internal financial controls)
Corporate finance / capital markets / transactional experience (e xpe rience i n
corpora te finance re lated tra nsactions –s uch as capital raising and/or mergers and
a cquisitions)
Large industry operational (capital) project management experience (e xpe ri ence
wi thin the electricity s ector or s imilar large scale industrial business)
Health and safety, risk experience (de e p understanding of excellence i n Health & Sa fety
i n s trategic and operational context a nd a pplicable legislative fra mework)
Customer insight, data, marketing and brand experience (e xpe rience i n consumer retail
a nd e xecution of marketing and brand strategies to deliver growth)
Technology / innovation and digitalisation experience
(de tailed understanding of the role of technology a nd innovation in delive ring a superior
cus tomer e xperience)
People / culture / reputation management (de e p understanding of the strategic
i mportance of people, va lues, behaviours and management style as drive rs of
orga nisational culture and reputation)

Genesis'executive management team
—Talent and experience to empower New Zealand’s sustainable future
Management's focus in FY20/21 has been:
•Ensuring the wellbeing of our people and partners and ensuring business continuity during the COVID-19
pandemic.
•Delivering a refreshed strategy and purpose at our 2020 Stakeholder Day and committing to ambitious Science
Based carbon reduction targets.
•Maintaining a securesupply of electricity to New Zealand homes and business during an unprecedented period of
low hydro inflows combined with significant gas shortages.
•Executing key strategic initiatives including the review of our Kupe asset, Future-gen and the re-platforming of our
sales, service and billing technologies.
•Delivering on our commitment to investors to exceed $400m EBITDAF in FY21
1
.
NIGEL CLARK
Chief Operations
Officer
NICOLA RICHARDSON
Chief People
Officer
CHRIS JEWELL
Chief Financial
Officer
TRACEY HICKMAN
Chief Customer
Officer
JAMES MAGILL
Chief Digital
Officer
MARC ENGLAND
Chief Executive
Officer
MATTHEW OSBORNE
Chief Corporate Affairs
Officer
SHAUN GOLDSBURY
Chief Trading
Officer
1. FY21 EBITDAF guidance rem ains $415 m illion to $425 m illion.
Genesis Energy Limited Governance Roadshow May 2021 4.

Board structure and policies are aligned with best practice
—Robust governance framework
•All policies and charters are
formallyreviewed by the Board
within the third year after the last
review, to ensure they remain 'fit-
for-purpose’.
•A number of policies and
Charters have been reviewed in
the last year.Policies are
benchmarkedagainst third party
companies as part of the review
process.
•Committee performance
isreviewed against
responsibilities in Charters.
Genesis Energy Limited Governance Roadshow May 2021 5.

Directors’ fees
—To attract and retain the right skills and experience required
Genesis Energy Limited Governance Roadshow May 2021 6.
•Genesis places significant value and
importance onattractingand retaining
Directors of the right calibre and skill
set that companies of our complexity
require.
•The current fee structure for Genesis
Directors has beenunchanged since
2017.
•No fees for special committees have
been paid from the available pool in the
current financial year.

Executive remuneration
—Linked to business strategy and company performance
Genesis Energy Limited Governance Roadshow May 2021 7.
Genesis' remuneration policy is
underpinned by three key
objectives:
•Create a sense of longer‐term
commitmentin the relationship
between the company, key
employees, and shareholders.
•Be easy to understand,
communicate, and transparent
for all stakeholders.
•Reward, retain and motivate
high performers.

We’ve refreshed our purpose, strategies and vision as we head
into the 2020s
Genesis Energy Limited Governance Roadshow May 2021 8.
Empowering
New Zealand’s
sustainable
future

Assessment of strategic risks
—Board considers risks across a likelihood and consequences framework
Consequence
–
impact on
Genesis should the risk manifest
Likelihood of risk manifesting in athreeto fiveyeartimeframe
High
Risk
High
Risk
Low
Risk
Extreme
Risk
Moderate
Risk
•Directors consider strategic risks
by reference to a framework
based on the likelihood of
occurring and severity of the
consequences.
•Key risks that the Board
consider include, but are not
limited to:
•Regulatory risks impacting
the retail or wholesale
segments.
•Development of major
generation assets by public
and private entities.
•Investors, customers and
stakeholder's views on
sustainability and carbon
emissions.
Genesis Energy Limited Governance Roadshow May 2021 9.

•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
Sustainability is at the core of our strategy
—Our sustainability commitments align with five of the 17 UN Sustainable Development Goals
Genesis Energy Limited Governance Roadshow May 2021 10.

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
Emissions reductions target
—A Science Based Target consistent with limiting global warming to 1.5°C
Genesis Energy Limited Governance Roadshow May 2021 11.

Genesis employees
—Our employees are one of our most important stakeholders
Genesis employees support ourstrategic direction.A
recent survey of employees found:
•Over 70% of employees say working for a company
that values sustainability is very important to them.
•67% of employees recommend Genesis as aplace to
work.
Genesis maintains a strong health and safety culture:
•Maintainingan average TRIFR below 2.0 over the last
four quarters and during this period we evolved our
business and implemented new ways of working.
•The ‘Are you OK’mental wellness programme was a
finalist for the in the NZ Energy Awards wellbeing
category.
Genesis Energy Limited Governance Roadshow May 2021 12.
How likely would you be to recommend working here? (eNPS)
Jun2020
Mar 2021

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