FY21 Q4 Performance Report

MARKET RELEASE
Date: 20 July 2021

NZX: GNE / ASX: GNE
FY21 Q4 PERFORMANCE REPORT

Genesis Energy today released to the NZX/ASX its FY21 Q4 Performance Report for the three months
ended 30 June 2021. The FY21 Q4 Performance Report is available from the Genesis Energy page at
www.nzx.com or https://www.genesisenergy.co.nz/investors
.

“New Zealand’s low hydro inflows, compounded by gas production declines, has required an
exceptional amount of energy generation from Huntly Power Station in order to ensure energy
security for all. Hydro conditions have since improved and so recent high emissions are
expected to temper over the next few months. We remain on track to reduce overall emissions
by 1.2 million tonnes in line with our commitment to a Science Based Target for 2025.”
said Marc England, Chief Executive.

GUIDANCE UPDATE

Genesis has updated FY21 EBITDAF guidance to between $405 million and $410 million. Note that
this is inclusive of the impact of the $27 million of additional carbon costs relating to the exercise of
the Fixed Priced Option to meet 2020 Emissions Trading Scheme obligations, as reported on 31 May
2021.


RETAIL

Genesis customers continued to engage digitally with over 125,000 taking advantage of Power Shout
Hours in the quarter and enjoying free power at a time of their choosing. Since launching, Genesis
has given away more than 10 million hours of free power. Additionally, Genesis large business
energy services continued to grow with more than one in five commercial and industrial customers
now utilising our Energy Insights or Decarbonisation Roadmap services.


Customer consumption volumes normalised relative to the prior comparable period (FY20 Q4),
which was significantly impacted by the COVID-19 lockdown. Warmer weather in June meant that
customer demand was lower and Genesis’ generation portfolio was able to provide additional
energy to the market. Genesis’ LPG business continued to perform strongly, with highest ever sales
for a fourth quarter, continued growth in netback and launch of our first fully electric delivery truck.


WHOLESALE

New Zealand experienced some of the most challenging energy market conditions in over a decade
with simultaneous shortages in natural gas and hydro-electric generation. The Huntly Power Station
provided significant short term back-up generation to the market, including 519 GWh to our
Swaption partners (40% of total). Genesis agreed to a gas supply agreement with Methanex for
between 3.4PJ and 4.4PJ this winter. This additional gas will be used to ensure the continued
operation of the efficient combined cycle gas turbine at Huntly enabling lower carbon emissions for
the country, with gas fuel emitting less than half the emissions of coal. In addition to providing gas
for electricity generation, Genesis has provided several industrial customers additional gas in the
highly constrained market.

Genesis continues to make progress on delivering a lower carbon future, with several large power
purchase agreements attached to new renewable projects under negotiation. Genesis utilised the

Government’s $35 Fixed Priced Option to meet some of our CY 2020 ETS obligations. Forecast
emissions are now hedged through to FY27 at prices significantly below the prevailing spot carbon
price which reached $48 per tonne in June.


KUPE

The Kupe inlet compression project is progressing well and remains on schedule and within budget.
Construction is nearing completion and commissioning activities are underway. First gas remains on
schedule for late FY22 Q1.

Oil prices continued to firm in the quarter. Genesis’ is 52% hedged for the next 12 months and
expects to take advantage of these higher prices.



ENDS


For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548

For media enquiries, please contact:
Chris Mirams
GM Communications & 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

---

20 July 2021
FY21 Q4
Performance Report
GENESIS ENERGY LIMITED

FY21 Q4 Quarterly Performance Highlights
Retail
Kupe
Genesis Energy Limited FY21 Q4 Performance Report 2.
Guidance​
Genesis has updated FY21 EBITDAF guidance to between $405 million and $410 million. Note that this is inclusive of
theimpact of the $27 million of additionalcarbon costs relating to the exercise of the Fixed Priced Option to meet 2020
Emissions Trading Scheme obligations,as reported on 31 May 2021.
Retail
Genesis customers continued to engage digitally with over 125,000 taking advantage of Power Shout Hours in the quarter
and enjoying free power at a time of their choosing. Since launching, Genesis has given away more than 10 million hours of
free power. Additionally, Genesis large business energy services continued to grow with more than one in five commercial
and industrial customers now utilising our Energy Insights or Decarbonisation Roadmap services.
Customer consumption volumes normalised relative to the prior comparable period (FY20 Q4), which was significantly
impacted by the COVID-19 lockdown. Warmer weather in June meant that customer demand was lower and Genesis’
generation portfolio was able to provide additional energy to the market. Genesis’ LPG business continued to perform
strongly, with highest ever sales for a fourth quarter, continued growth in netback and launch of our first fully electric
delivery truck.
Wholesale
New Zealand experienced some of the most challenging energy market conditions in over a decade with simultaneous
shortages in natural gas and hydro-electric generation. The Huntly Power Station provided significant short term back-up
generation to the market, including 519 GWh to our Swaption partners (40% of total). Genesis agreed to a gas supply
agreement with Methanex for between 3.4PJ and 4.4PJ this winter. This additional gas will be used to ensure the continued
operation of the efficient combined cycle gas turbine at Huntly enabling lower carbon emissions for the country, with gas
fuel emitting less than half the emissions of coal. In addition to providing gas for electricity generation, Genesis has provided
several industrial customers additional gas in the highly constrained market.
Genesis continues to make progress on delivering a lower carbon future, with several large power purchase agreements
attached to new renewable projects under negotiation. Genesis utilised the Government’s $35 Fixed Priced Option to meet
some of our CY 2020 ETS obligations. Forecast emissions are now hedged through to FY27 at prices significantly below the
prevailing spot carbon price which reached $48 per tonne in June.
Kupe
The Kupe inlet compression project is progressing well and remains on schedule and within budget. Construction is nearing
completion and commissioning activities are underway. First gas remains on schedule for late FY22 Q1.
Oil prices continued to firm in the quarter. Genesis’ is 52% hedged for the next 12 months and expects to take advantage of
these higher prices.
New Zealand’s low hydro inflows,
compounded by gas production
declines, has required an
exceptional amount of energy
generation from Huntly Power
Station in order to ensure energy
security for all.Hydro conditions
have since improved and so
recent high emissions are
expected to temper over the next
few months.We remain on track
to reduce overall emissions by 1.2
million tonnes in line with our
commitment to a Science
BasedTarget for 2025.
Marc England
Chief Executive

Retail Segment Performance vs Prior Comparable Period
Highs
Lows
Customers > 1
Fuel
128k
Netbacks
Electricity +13%
Gas +3.8%
LPG +35%
Genesis Energy Limited FY21 Q4 Performance Report 3.
5.9%
Residential
Electricity Sales
764 GWh
8.0%
To t a l L P G
SalesVolume
12,355 tonnes
24%
Cost to serve
$124/ICP
10%
Interaction Net
Promoter
Score
47 points
8 points
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
112,000
114,000
116,000
118,000
120,000
122,000
124,000
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
RESIDENTIAL DUAL FUEL CUSTOMER NUMBERS & CHURN (3-MONTH ROLLING AVERAGE %)
Group > 1 FuelGenesis Dual Fuel Churn (RHS)EOL Dual Fuel Churn (RHS)
¹ Cost to Serve included a one off release of an unrealised bad debt provision that contributed $8 to the decline relative to pcp.
¹

Total Renewable
573 GWh
Wholesale Segment Performance vs Prior Comparable Period
HighsLows
34%
Genesis Energy Limited FY21 Q4 Performance Report 4.
Swaption Volumes
519 GWh
$145
Average Price
Received for
Generation
$278/MWh
448 GWh
Total Generation
2,294 GWh
Waipipi
Generation
116 GWh
Weighted Ave. Fuel
Cost - Thermal
$106.39/MWh
48%
26%
HYDROLOGY
Q4 FY21Q4 FY20
Hydro
Generation
569450
Hydro
Inflows
574460
Closing
Storage
243
(82% of ave.)
334
(113% of ave.)
100%
0
100
200
300
400
500
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
HUNTLY RANKINE UTILISATION (GWh)
Genesis Customers/PortfolioBackup Other Retailers/Spot CustomersBackup Swaption Partners

Kupe Segment Performance vs Prior Comparable Period
Highs
Lows
Genesis Energy Limited FY21 Q4 Performance Report 5.
Gas Production
2.5 PJ
14%
Realised Oil Price
$88.29 NZD/bbl
Brent Crude Oil
$68.83 USD/bbl
19%
Oil Production
Yield
30 bbl/TJ
11%
LPG Production
11 kt
13%
$40
Inlet compression
on schedule

Glossary
Genesis Energy Limited FY21 Q4 Performance Report 6.
RETAIL
Brand Net Promoter Score
Based on survey question "How likely would you be to recommend Genesis Energy/Energy Online to your friends or family?"
Interaction Net Promoter Score
Based on survey question "Based on your recent Interaction With GE/EOL, how likely would you be to recommend GE/EOL to your Friends/Family?"
CustomersElectricity and gas customers are defined by single customer view, regardless of number of connections (ICP's)
Single Customer ViewRepresents unique customers which may have multiple ICP's
ICPInstallation Connection Point, a connection point that is both occupied and has not been disconnected (Active-Occupied)
LPG Customer ConnectionsDefined as number of customers
Gross Customer ChurnDefined as customers instigating a trader switch or home move
Net Customer ChurnDefined as Gross Churn post home move saves, retention and acquisition activity
Resi, SME, C&IResidential, small and medium enterprises and commercial & industrial customers
B2BBusiness to Business, including both SME and C&I
Volume Weighted Average Electricity Selling Price - $/MWhAverage selling price for customers including lines/transmission and distribution and after prompt payment discount
Volume Weighted Average Gas Selling Price - $/GJAverage selling price for customers including transmission and distribution and after prompt payment discount
Volume Weighted Average LPG Selling Price - $/tonneAverage selling price for customers including after prompt payment discount
Bottled LPG Sales (tonnes)Represents 45kg LPG bottle sales
SME & Other Bulk LPG sales (tonnes)Represents SME and other bulk and 3rd party distributors
Cost to Serve ($ per ICP)Retail costs associated with serving customers across all fuel types divided by the total numbers of ICPs at time of reporting
Netback ($/MWh, $/GJ, $/tonne)
Customer EBITDAF by fuel type plus respective fuel purchase cost divided by total fuel sales volumes, stated in native fuel units (excluding corporate allocation costs and Technology & Digital cost
centre)
GENERATION
Average Price Received for Generation - GWAP ($/MWh) Excludes settlements from electricity derivatives
Coal (GWh)Coal generation is calculated by applying coal burn to monthly average heat rates
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
POWER PURCHASE AGREEMENTS
Wind (GWh)Energy purchased through long term agreements with generator
Average Price Received for Generation - GWAP ($/MWh) Price received at production node. (E.g. Waipipi at WVY1101 node)
WHOLESALE
Average Retail Electricity Purchase Price - LWAP ($/MWh)Priced paid to purchase electricity for Genesis customers on the spot market. Excludes settlements from electricity derivatives
Electricity Financial Contract Purchases - Wholesale (GWh)
Settlement volumes of generation hedge purchases, including exchange traded and OTC contracts. Excludes PPAs, active trading,
Financial Transmissions Rights (FTRs) and Cap/Collar/Floor contracts.
Electricity Financial Contract Sales - Wholesale (GWh)
Settlement volumes of generation hedge sales, including exchange traded, OTC contracts and Swaptions. Excludes PPAs, active trading,
Financial Transmissions Rights (FTRs) and Cap/Collar/Floor contracts
Electricity Financial Contract Purchases - Wholesale Price ($/MWh) Average price paid for Electricity Financial Contract Purchases - Wholesale.
Electricity Financial Contract Sales – Wholesale Price ($/GWh) Average price received for Electricity Financial Contract Sales- Wholesale.
Swaptions (GWh)Electricity swap options sales volume. A subset of the Electricity Financial Contract Sales.
Wholesale LPG Sales (tonnes)Represents wholesale, export sales and transfers to Huntly power station
Weighted Average Gas Burn Cost ($/GJ)Total cost of gas burnt divided by generation from gas fired generation, excluding emissions
Weighted Average Coal Burn Cost ($/GJ)Total cost of coal burnt divided by generation from coal fired generation, excluding emissions
Weighted Average Fuel Cost - Portfolio ($/MWh)Total cost of fuel burnt plus emissions on fuel burnt divided by total generation (thermal, hydro and wind)
Weighted Average Fuel Cost - Thermal ($/MWh)Total cost of fuel burnt plus emissions on fuel burnt divided by total generation from thermal plant
Coal Stockpile - Stored Energy (PJ)The coal stockpile closing balance on site at Huntly in tonnes divided by an estimated nominal energy content of Huntly's coal (22 GJ/t)
CORPORATE
Total Recordable Injury Frequency RateRolling 12 month TRIFR per 200,000 hours worked for employees and contractors
Headcount Based on full time equivalents, including contractors
KUPE
Oil Price realised (NZD/bbl)Oil price received including hedge outcome for oil and foreign exchange
Oil Price realised (USD/bbl)The underlying benchmark crude oil price that is used to set the price for crude oil sales
Oil Hedge Levels (%)% hedged for remainder of FY as % of forecast sales

RETAIL SEGMENTQ4 FY21Q4 FY20
% ChangeVar.
Q3 FY21
% ChangeVar.
RETAIL
Brand Net Promoter Score - Genesis1923(17.4%)(400)ppt 185.6%100ppt
Interaction Net Promoter Score - Genesis473920.5% 800ppt 50(6.0%)(300)ppt
Gross Customer Churn (3 month rolling average, %)23.1% 18.8% 22.9% 4.3ppt 24.0% (3.7%)(0.9)ppt
Net Customer Churn (3 month rolling average, %)14.3% 12.1% 18.2% 2.2ppt 15.2% (5.9%)(0.9)ppt
Cost to Serve ($ per ICP)$124 $138 (10.1%)($14)$134 (7.5%)($10)
Electricity Netback ($/MWh)$138.18 $122.30 13.0%$15.88 $114.30 20.9%$23.88
Gas Netback ($/GJ)$11.0 $10.6 3.8%$0.4 $11.3 (2.7%)($0.3)
LPG Netback ($/t)$1,091 $809 34.9%$282 $907 20.3%$184
CUSTOMER NUMBERS
Customers > 1 Fuel128,214 121,110 5.9%7,104 126,023 1.7%2,191
Electricity Only Customers296,018 314,120 (5.8%)(18,102)299,058 (1.0%)(3,040)
Gas Only Customers16,086 15,888 1.2%198 15,846 1.5%240
LPG Only Customers34,007 33,569 1.3%438 33,775 0.7%232
Total Customers474,325 484,687 (2.1%)(10,362)474,702 (0.1%)(377)
Electricity ICPs Active-Occupied484,082 493,218 (1.9%)(9,136)484,074 0.0%8
Gas ICPs Active-Occupied106,314 104,944 1.3%1,370 105,660 0.6%654
LPG Customer Connections80,322 73,357 9.5%6,965 78,288 2.6%2,034
Total ICPs670,718 671,519 (0.1%)(801)668,022 0.4%2,696
VOLUMES AND PRICE
Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$264.42 $263.74 0.3%$0.68 $270.45 (2.2%)($6.03)
Volume Weighted Average Electricity Selling Price - SME ($/MWh)$229.56 $212.25 8.2%$17.31 $218.96 4.8%$10.60
Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$155.45 $150.72 3.1%$4.73 $133.51 16.4%$21.94
Residential Electricity Sales (GWh)764 830 (8.0%)(66)568 34.5%196
SME Electricity Sales (GWh)252 231 9.1%21 273 (7.7%)(21)
C&I Electricity Sales (GWh)532 541 (1.7%)(9)566 (6.0%)(34)
Total Electricity Sales - Customer (GWh)1,548 1,603 (3.4%)(55)1,407 10.0%141
Volume Weighted Average Gas Selling Price - Resi ($/GJ)$35.3 $32.8 7.6%$2.5 $49.6 (28.8%)($14.3)
Volume Weighted Average Gas Selling Price - SME ($/GJ)$17.3 $17.3 0.0%$0.0 $19.4 (10.8%)($2.1)
Volume Weighted Average Gas Selling Price - C&I ($/GJ)$13.0 $10.8 20.4%$2.2 $12.3 5.7%$0.7
Residential Gas Sales (PJ)0.6 0.7 (14.3%)(0.1)0.3 100.0%0.3
SME Gas Sales (PJ)0.4 0.3 33.3%0.1 0.3 33.3%0.1
C&I Gas Sales (PJ)1.0 0.9 11.1%0.1 0.8 25.0%0.2
Total Gas Sales (PJ)2.0 2.0 0.0%-1.5 33.3%0.5
Volume Weighted Average LPG Selling Price - Resi ($/tonne)$2,492 $2,194 13.6%$298 $2,769 (10.0%)($277)
Volume Weighted Average LPG Selling Price - SME/Bulk ($/tonne)$1,500 $1,461 2.7%$39 $1,542 (2.7%)($42)
Bottled LPG Sales (tonnes)4,959 4,541 9.2%418 3,102 59.9%1,857
SME & Other Bulk LPG sales (tonnes)7,396 5,428 36.3%1,968 4,942 49.7%2,454
Total LPG Sales Volumes (tonnes)12,355 9,969 23.9%2,386 8,044 53.6%4,311
Retail Operating Metrics
Genesis Energy Limited FY21 Q4 Performance Report 7.
¹ Cost to Serve included a one off release of unrealised bad debt provision that contributed $8 to the decline relative to pcp.
¹

Wholesale Operating Metrics
Genesis Energy Limited FY21 Q4 Performance Report 8.
1
1
WHOLESALE SEGMENTQ4 FY21Q4 FY20% ChangeVar.Q3 FY21% ChangeVar.
GENERATION
Gas (GWh)547 988 (44.6%)(441)604 (9.4%)(57)
Coal (GWh)1,175 275 327.3% 900 868 35.4%307
Total Thermal (GWh)1,721 1,263 36.3% 458 1,473 16.8%248
Hydro (GWh)569 450 26.4% 119 483 17.8%86
Wind (GWh)4 5 (20.0%)(1)4 0.0%-
Total Renewable (GWh)573 455 25.9% 118 487 17.7%86
Total Generation (GWh)2,294 1,717 33.6% 577 1,959 17.1%335
Average Price Received for Generation - GWAP ($/MWh) $278.39 $133.17 109.0%$145.22 $211.87 31.4%$66.52
Generation Emissions (ktCO2)1,368 702 94.9% 666 1,080 26.7%288
Generation Carbon Intensity (tCO2/GWh)596 409 45.7% 187 551 8.2%45
Forced Outage Factor (FOF)2.8% 0.2% 1300.0% 2.6ppt0.4% 600.0%2.4ppt
Equivalent Availability Factor (EAF)88.9% 89.9% (1.1%)(1)ppt88.8% 0.1%0.1ppt
Rankine Output (GWh)1,222 441 177.1% 781 877 39.3%345
Rankines Fueled by Coal (%)96% 63% 52.4% 33ppt 99% (3.0%)(3)ppt
POWER PURCHASE AGREEMENTS
Wind (GWh)116 -0.0%116 77 50.6%39
Average Price Received for PPA - GWAP ($/MWh)$229.95 $0.00 0.0%$229.95 $171.36 34.2%$58.59
WHOLESALE
Electricity Purchases - Retail (GWh)1,630 1,691 (3.6%)(61)1,481 10.1%149
Average Retail Electricity Purchase Price - LWAP ($/MWh) $283.56 $124.93 127.0%$158.63 $217.98 30.1%$65.58
LWAP/GWAP Ratio (%)102% 94% 8.5% 8ppt103% (1.0%)(1)ppt
Gas Purchases (PJ)8.9 12.9 (31.0%)(4.0)7.7 15.6%1.2
Coal Purchases (PJ)11.0 3.4 223.5% 7.6 5.0 120.0%6.0
Electricity Financial Contract Purchases - Wholesale (GWh)522 356 46.6% 166 376 38.8%146
Electricity Financial Contract Sales - Wholesale (GWh)1,210 508 138.2% 702 956 26.6%254
Swaption Sales - Wholesale (GWh)519 71 631.0% 448 270 92.2%249
Wholesale Gas Sales (PJ)2.3 3.0 (23.3%)(0.7)1.6 43.8%0.7
Wholesale Coal Sales (kilotonnes)-------
Wholesale LPG Sales (tonnes)3,514 2,879 22.1% 635 3,950 (11.0%)(436)
Gas Used In Internal Generation (PJ)4.4 8.0 (45.0%)(3.6)4.6 (4.3%)(0.2)
Weighted Average Gas Burn Cost ($/GJ)$10.8 $8.5 27.1% $2.3 $9.6 12.5% $1.2
Coal Used In Internal Generation (PJ) 13.073.09323.0% 10.0 9.7334.3% 3.3
Weighted Average Coal Burn Cost ($/GJ)$6.4 $6.3 1.6% $0.1 $6.1 4.9% $0.3
Weighted Average Fuel Cost - Portfolio ($/MWh)$79.82 $52.74 51.3% $27.08 $64.57 23.6% $15.25
Weighted Average Fuel Cost - Thermal ($/MWh)$106.39 $71.72 48.3% $34.67 $85.92 23.8% $20.47
Coal Stockpile - Closing Balance (kilotonnes)189 423 (55.3%)(234)283 (33.2%)(94)
Coal Stockpile - Stored Energy (PJ)4.2 9.3 (54.8%)(5.1)6.2 (32.3%)(2.0)

Kupe and Other Operating Metrics
Genesis Energy Limited FY21 Q4 Performance Report 9.
KUPE SEGMENTQ4 FY21
Q4 FY20
% ChangeVar.
Q3 FY21
% ChangeVar.
KUPE
Gas Production (PJ)2.5 2.9 (13.8%)(0.4) 2.4 4.2%0.1
Gas Sales (PJ)2.5 2.9 (13.8%)(0.4) 2.4 4.2%0.1
Oil Production (kbbl)74 97 (23.7%)(23) 73 1.4%1.0
Oil Production Yield (bbl/TJ)29.5 33.0 (10.6%)(3.5) 30.3 (2.6%)(0.8)
Oil Sales (kbbl)68 72 (5.6%)(4) 81 (16.0%)(13.0)
Realised Oil Price (NZD/bbl)$88.29$74.4618.6%$13.83$78.1413.0%10.2
Average Brent Crude Oil (USD/bbl)$68.83$29.17136.0%$39.66$60.9013.0%7.9
LPG Production (kt)11.1 12.7 (12.6%)(1.6) 10.5 5.7%0.6
LPG Production Yield (t/TJ)4.4 4.3 2.3%0.1 4.4 0.0%-
LPG Sales (kt)10.7 12.7 (15.7%)(2.0) 10.6 0.9%0.1
OTHER
Q4 FY21Q4 FY20
% ChangeVar.
Q3 FY21
% ChangeVar.
CORPORATE
Headcount (FTE)1,149 1,076 6.8%73 1,096 4.8%53
Total Recordable Injury Frequency Rate2.60 1.43 81.8%1.17 2.10 23.8%0.50

Appendix: Retail Segment
Genesis Energy Limited FY21 Q4 Performance Report 10.
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
-
200
400
600
800
1,000
1,200
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
ELECTRICITY SALES VOLUMES (GWh)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
-
10,000
20,000
30,000
40,000
50,000
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
LPG SALES VOLUMES (Tonnes)
Quarterly Bottled LPG Sales Volumes
Quarterly Bulk & SME LPG Sales Volume
Rolling 12-month Sales Volume (RHS)
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
GAS SALES VOLUME (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
-
100
200
300
400
500
600
700
800
$0
$20
$40
$60
$80
$100
$120
$140
$160
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
ICP Count
Thousands
Cost to Serve ($/ICP)
ICP NUMBER & COST TO SERVE ($/ICP)
Electricity ICPs Active-OccupiedGas ICPs Active-Occupied
LPG Customer ConnectionsCost to Serve ($ per ICP)

Appendix: Wholesale Segment
Genesis Energy Limited FY21 Q4 Performance Report 11.
0
20
40
60
80
100
120
140
JulAugSepOctNovDecJanFebMarAprMayJun
WAIKAREMOANA STORAGE vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
1000
2000
3000
4000
5000
JulAugSepOctNovDecJanFebMarAprMayJun
NEW ZEALAND DAILY STORAGE (ALL GENERATORS, GWh)
Long Run Average Storage12-month Storage
0
200
400
600
800
JulAugSepOctNovDecJanFebMarAprMayJun
TEKAPO STORAGE vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
1
2
3
4
5
6
JulAugSepOctNovDecJanFebMarAprMayJun
GWh/day
TONGARIRO GENERATION vs 20y AVERAGE
7 day rolling Average20 year Average

Appendix: Wholesale Segment
Genesis Energy Limited FY21 Q4 Performance Report 12.
0%
20%
40%
60%
80%
100%
$0
$20
$40
$60
$80
$100
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
PORTFOLIO AND THERMAL FUEL COSTS
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (RHS, %)
0
500
1,000
1,500
2,000
2,500
Q4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021
GENERATION BY POWER STATION (GWh)
South Island
Hydro
North Island
Hydro
Huntly Unit 6
Huntly Units 1
to 4 Coal
Huntly Units 1
to 4 Gas
Huntly Unit 5
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Forced Outage Factor (FOF) %
Equipment Availability Factor (EAF) %
PLANT PERFORMANCE
Monthly EAFMonthly FOF
$50
$100
$150
$200
$250
2018201920202021
ASX FUTURES SPOT PRICING ($/MWh)
1-Year Contract2-Year Contract3-Year Contract

Appendix: Kupe Segment
OIL PRICE AND FOREX RISK MANAGEMENT
Genesis Energy Limited FY21 Q4 Performance Report 13.
-
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 FY17
Q2Q3Q4
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
PJ
PJ
KUPE GAS SALE VOLUMES (GENESIS SHARE, PJ)
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)
-
100.
200.
300.
400.
500.
600.
-
20.
40.
60.
80.
100.
120.
140.
160.
Q1 FY17
Q2Q3Q4
Q1 FY18
Q2Q3Q4
Q1 FY19
Q2Q3Q4
Q1 FY20
Q2Q3Q4
Q1 FY21
Q2Q3Q4
KUPE OIL PRODUCTION VOLUMES (GENESIS SHARE, Kbbl)
Quarterly Production VolumeRolling 12 Months Production Volume (RHS)
$0
$10
$20
$30
$40
$50
$60
$70
$80
JulAugSepOctNovDecJanFebMarAprMayJun
BRENT CRUDE OIL SPOT PRICE (USD/bbl)
12 mths to June 2012 mths to June 21