FY22 Q1 Performance Report

MARKET RELEASE
Date: 20 OCTOBER 2021
NZX: GNE / ASX: GNE

FY22 Q1 Performance Report

Genesis continues to work to support our customers through the lockdown period. We extended our
customer care programme, Manaaki Kenehi, and offered over 280,000 customers five hours of free
power to use when they choose. As we have done before, late payment fees were suspended for
customers under lockdown levels two and above.

Tracey Hickman, Chief Customer Officer

Retail
• Total customer demand was down 6.0%, due to the COVID lockdown and warmer winter
conditions. The residential market was least affected, with demand down 1.5%.
• Net customer churn declined in the quarter to 14%. This was driven by a reduction in home
moving and may increase when lockdown restrictions are lifted.
• LPG continues to perform strongly with customer connections up 8.6% on the prior comparable
period (pcp). Sales volumes were flat on pcp, due to reduced business consumption.

Wholesale
• Gas swaps with industrial producers and improved hydrology enabled Genesis to generate at
lower cost, with average portfolio fuel costs down 37% to $64/MWh, compared to Q4 FY21.
• Genesis commenced stage two of the $15 million upgrade of the Tekapo B power station. The
replacement of unit runners is expected to provide a 2.5% increase in efficiency for the 800
GWh station.
• Executed two MoU’s with solar developers for Genesis’ Future-gen goal of developing 500MW
of grid-scale solar by 2025.

Kupe
• The joint venture recently completed the Kupe inlet compression project. The project enabled
the Kupe production station to return to full capacity production of 77TJ/day. Despite minor
delays due to COVID disruptions, the project was delivered on budget and safely. The additional
gas will enable better utilisation of Huntly Unit 5 and support industrial consumers.
• Crude oil prices continued to rally, with realised prices now over $103 NZD per barrel. Genesis
will continue to benefit from the higher price, with 38% of the next 12 months production
unhedged.

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 $NZ3.2 billion during the 12 months ended 30 June 2021. More information
can be found at www.genesisenergy.co.nz

---

FY22 Q1
Performance Report
20 October 2021

Tekapo B upgrade

Gas swaps with industrial producers and improved hydrology enabled Genesis to generate at a lower cost, with average portfolio fuel
costs down 37% to $64/MWh, compared to Q4 FY21.
Genesis commenced stage two of the $15 million upgrade of the Tekapo B power station. The replacement of unit runners is expected to
provide a 2.5% increase in efficiency for the 800 GWh station.
Executed two MoU’s with solar developers for Genesis’ Future-gen goal of developing 500MW of grid-scale solar by 2025.
Genesis Energy Limited 1H FY19 Result Presentation 3.
Performance at a glance
Genesis Energy Limited 1H FY19 Result Presentation 3.
Retail
Kupe
Wholesale
Down on pcp
Generation Emissions
Inlet compression
project successful
Down 37% on Q4 FY21
Portfolio fuel cost
Genesis continues to work to support our customers through the lockdown period. We extended our customer
care programme, Manaaki Kenehi, and offered over 280,000 customers five hours of free power to use when
they choose. As we have done before, late payment fees were suspended for customers under lockdown levels
two and above.
Tracey Hickman, Chief Customer Officer
Total customer demand was down 6.0%, due to the COVID lockdown and warmer winter conditions. The residential market was least
affected, with demand down 1.5%.
Net customer churn declined in the quarter to 14%. This was driven by a reduction in home moving and may increase when lockdown
restrictions are lifted.
LPG continues to perform strongly with customer connections up 8.6% on the prior comparable period (pcp). Sales volumes were flat on
pcp, due to reduced business consumption.
The joint venture recently completed the Kupe inlet compression project. The project enabled the Kupe production station to return to full
capacity production of 77TJ/day. Despite minor delays due to COVID disruptions, the project was delivered on budget and safely.The
additional gas will enable better utilisation of Huntly Unit 5 and support industrial consumers.
Crude oil prices continued to rally, with realised prices now over $103 NZD per barrel. Genesis will continue to benefit from the higher price,
with 38% of the next 12 months production unhedged.
31%
64
TJ/day
Kupe production capability
77
Genesis Energy Limited FY22 Q1 Performance Report 3.
$
Prior comparable period (pcp) refers to FY21 Q1, unless otherwise stated
MWh

Genesis Energy Limited FY22 Q1 Performance Report 4.
Retail Segment
Electricity netback continued to grow, up 4.3% on pcp to $134/MWh. This was driven by
the re-contracting of existing customers on older fixed priced contracts to current
market prices.
Gas netbacks also rose, up to $11.50/GJ, as higher wholesale prices were passed
through to customers.
Launched EV-IQ functionality to the Genesis Energy IQ app. This will provide Genesis’ EV
customers insights in how they can charge their car at low carbon times and take
advantage of cheaper overnight electricity.
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
116,000
118,000
120,000
122,000
124,000
126,000
Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21
RESIDENTIAL DUAL FUEL CUSTOMER NUMBERS & CHURN (3-MONTH ROLLING AVERAGE %)
Group > 1 ProductGenesis Dual Fuel Churn (RHS)EOL Dual Fuel Churn (RHS)

Genesis Energy Limited FY22 Q1 Performance Report 5.
Wholesale Segment
Gas swaps with industrial consumers and improved hydrology enabled Genesis to supply
itscustomers at a lower cost, with average portfolio fuel costs down 37% to $64/MWh,
compared to Q4 FY21. This enabled Huntly to operate more flexibly and focus
generation in higher priced periods.
Heavy and consistent rainfall across the North and South Island’s improved Genesis’
hydro position across all lakes. Storage in Genesis lakes was 126% of average at the end
of the quarter.
Genesis participated in the September Emissions Trading Scheme auction and purchased
additional units to build the carbon hedge position. Genesis’ forecast emissions are now
hedged into FY29, at prices ranging between $30 and $60 per tonne.
$0
$50
$100
$150
$200
$250
0
100
200
300
400
500
600
JulyAugSep
$/MWh
GWh
THERMAL GENERATION - HUNTLY
GenerationGWAP (RHS)
0%
20%
40%
60%
80%
100%
FY22FY23FY24FY25FY26FY27FY28FY29
Forecast Carbon Emissions
CARBON HEDGE POSITION
HedgedUnhedged
Chart includes units from investment in Drylandcarbon.
Q1 FY22Q1 FY21
Hydro
Generation
773782
Hydro
Inflows
818616
Closing
Storage
339
(126% of ave.)
200
(74% of ave.)
HYDROLOGY

RETAIL SEGMENT
Q1 FY22Q1 FY21% ChangeVar.Q4 FY21% ChangeVar.
RETAIL
Brand Net Promoter Score - Genesis Energy2014NA 619NA 1
Interaction Net Promoter Score – Genesis4744NA 347NA 0
Gross Customer Churn (3 month rolling average, %)21.4% 26.3% (18.6%)(4.9)ppt23.1% (7.4%)(1.7)ppt
Net Customer Churn (3 month rolling average, %)13.8% 17.2% (19.8%)(3.4)ppt14.3% (3.5%)(0.5)ppt
Cost to Serve ($ per ICP)$124$135(8.1%)($11)$1240.0%$0
Electricity Netback ($/MWh)$133.72$128.254.3%$5.47$138.18(3.2%)($4.46)
Gas Netback ($/GJ)$11.5$10.59.5%$1.0$11.04.5%$0.5
LPG Netback ($/t)$1,138$1,0706.4%$68$1,0914.3%$47
CUSTOMER NUMBERS
1
Customers > 1 Fuel129,041 123,131 4.8%5,910 128,214 0.6%827
Electricity Only Customers293,182 309,276 (5.2%)(16,094)296,018 (1.0%)(2,836)
Gas Only Customers15,560 15,922 (2.3%)(362)16,086 (3.3%)(526)
LPG Only Customers33,975 33,612 1.1%363 34,007 (0.1%)(32)
Total Customers471,758 481,941 (2.1%)(10,183)474,325 (0.5%)(2,567)
Electricity ICPs Active-Occupied481,823 490,705 (1.8%)(8,882)484,082 (0.5%)(2,259)
Gas ICPs Active-Occupied105,544 105,388 0.1%156 106,314 (0.7%)(770)
LPG Customer Connections (#) 81,665 75,173 8.6%6,492 80,322 1.7%1,343
Total ICPs669,032 671,266 (0.3%)(2,234)670,718 (0.3%)(1,686)
VOLUMES AND PRICE
Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$263.57$260.371.2%$3.20$264.42(0.3%)($0.85)
Volume Weighted Average Electricity Selling Price - SME ($/MWh)$233.57$219.396.5%$14.18$229.561.7%$4.01
Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$159.42$159.220.1%$0.20$155.452.6%$3.97
Residential Electricity Sales (GWh)919 933 (1.5%)(14)764 20.3%155
SME Electricity Sales (GWh)245 271 (9.6%)(26)252 (2.8%)(7)
C&I Electricity Sales (GWh)505 572 (11.7%)(67)532 (5.1%)(27)
Total Electricity Sales - Customer (GWh)1,669 1,775 (6.0%)(106)1,548 7.8%121
Volume Weighted Average Gas Selling Price - Resi ($/GJ)$31.0$28.68.4%$2.4$35.5(12.7%)($4.5)
Volume Weighted Average Gas Selling Price - SME ($/GJ)$17.4$15.413.0%$2.0$17.30.6%$0.1
Volume Weighted Average Gas Selling Price - C&I ($/GJ)$11.3$10.57.6%$0.8$13.0(13.1%)($1.7)
Residential Gas Sales (PJ)1.0 1.1 (9.1%)(0.1)0.6 66.7%0.4
SME Gas Sales (PJ)0.5 0.5 0.0%-0.4 25.0%0.1
C&I Gas Sales (PJ)1.0 1.2 (16.7%)(0.2)1.0 0.0%-
Total Gas Sales (PJ)2.5 2.8 (10.7%)(0.3)2.0 25.0%0.5
Volume Weighted Average LPG Selling Price - Resi ($/tonne)$2,328$2,373(1.9%)($45)$2,492(6.6%)($164)
Volume Weighted Average LPG Selling Price - SME/Bulk ($/tonne)$1,508$1,533(1.6%)($25)$1,5000.5%$8
Bottled LPG Sales (tonnes)6,086 5,858 3.9%228 4,959 22.7%1,127
SME & Other Bulk LPG sales (tonnes)7,282 7,241 0.6%41 7,396 (1.5%)(114)
Total LPG Sales Volumes (tonnes)13,368 13,099 2.1%269 12,355 8.2%1,013
Genesis Energy Limited FY22 Q1 Performance Report 6.
Retail Operating Metrics
1
1 From July 2021, changes have been made to the reporting of iNPSto include an additional interaction channel and removal of "don't know"
responses from the NPS calculation in line with best practice. Results reported from July 2021 onwards reflect these changes.

Genesis Energy Limited FY22 Q1 Performance Report 7.
Wholesale Operating Metrics
WHOLESALE SEGMENTQ1 FY22Q1 FY21% ChangeVar.Q4 FY21% ChangeVar.
GENERATION
Gas (GWh)771 751 2.7% 20 547 41.0% 224
Coal (GWh)334 553 (39.6%)(219)1,175 (71.6%)(841)
Total Thermal (GWh)1,106 1,305 (15.2%)(199)1,721 (35.7%)(615)
Hydro (GWh)773 781 (1.0%)(8)569 35.9% 204
Wind (GWh)3 6 (50.0%)(3)4 (25.0%)(1)
Total Renewable (GWh)776 787 (1.4%)(11)573 35.4% 203
Total Generation (GWh)1,882 2,091 (10.0%)(209)2,294 (18.0%)(412)
Average Price Received for Generation - GWAP ($/MWh) $163.12$136.9619.1% $26.16 $278.39(41.4%)($115.27)
Generation Emissions (ktCO
2
)656 956 (31.4%)(300)1,368 (52.0%)(712)
Generation Carbon Intensity (tCO
2
/GWh)349 457 (23.6%)(108)596 (41.4%)(247)
Forced Outage Factor (FOF)1.5% 0.2% 650.0% 1.3ppt 2.8% (46.4%)(1.3)ppt
Equipment Availability Factor (EAF)88.2% 96.5% (8.6%)(8.3)ppt 88.9% (0.8%)(0.7)ppt
Rankine Output (GWh)382 585 (34.7%)(203)1,222 (68.7%)(840)
Rankines Fueled by Coal (%)87% 95% (8.4%)(8)ppt 96% (9.4%)(9)ppt
POWER PURCHASE AGREEMENTS
Wind (GWh)133 -0%133 116 14.7% 17
Average Price Received for PPA -GWAP ($/MWh)$104.99$0.000%$104.99 $229.95 (54.3%)($124.96)
WHOLESALE
Electricity Purchases - Customer (GWh)1,760 1,873 (6.0%)(113)1,630 8.0%130
Average Customer Electricity Purchase Price -LWAP ($/MWh) $156.53$140.2111.6%$16.32 $283.56(44.8)($127.03)
LWAP/GWAP Ratio (%)96%102%(5.9%)(6)ppt 102%(5.9%)(6)ppt
Gas Purchases (PJ)11.7 12.5 (6.4%)(0.8)8.9 31.5%2.8
Coal Purchases (PJ)10.8 4.2 157.1% 6.6 11.0 (1.8%)(0.2)
Electricity Financial Contract Purchases - Wholesale (GWh)650 477 36.3% 173 522 24.5% 128
Electricity Financial Contract Sales - Wholesale (GWh)942 645 46.0% 297 1,210 (22.1%)(268)
Swaption Sales -Wholesale (GWh)51 30 70.0% 21 519 (90.2%)(468)
Wholesale Gas Sales (PJ)3.3 4.0 (17.5%)(0.7)2.3 43.5% 1.0
Wholesale Coal Sales (PJ)-------
Wholesale LPG Sales (tonnes)3,618 4,168 (13.2%)(550)3,514 3.0% 104
Gas Used In Internal Generation (PJ)6.0 5.7 5.3% 0.34.4 36.4% 1.6
Weighted Average Gas Burn Cost ($/GJ)$12.68$8.9741.4% $3.71$10.8217.2% $1.86
Coal Used In Internal Generation (PJ) 3.9 6.3 (38.1%)(2.4)13.1 (70.2%)(9.2)
Weighted Average Coal Burn Cost ($/GJ)$7.25$6.1118.7% $1.14$6.4412.6% $0.81
Weighted Average Fuel Cost - Portfolio ($/MWh)$63.72$49.2529.4% $14.47 $101.51(37.2%)($37.79)
Weighted Average Fuel Cost - Thermal ($/MWh)$108.45$78.9537.4% $29.50 $135.29(19.8%)($26.84)
Coal Stockpile -closing balance (kilotonnes)508 328 54.9% 180 189 168.8% 319
Coal Stockpile -Stored Energy (PJ)11.2 7.2 55.6% 4.0 4.2 166.7% 7
1
1
1 Change in the FY21 Q4 Weighted Average Fuel Cost for Portfolio and Thermal relate to the impact of Beach Arbitration decision.

Genesis Energy Limited FY22 Q1 Performance Report 8.
Kupe and Other Operating Metrics
KUPE SEGMENTQ1 FY22Q1 FY21% ChangeVar.Q4 FY21% ChangeVar.
KUPE
Gas Production (PJ)2.4 3.0 (20.0%)(0.6)2.5 (4.0%)(0.1)
Gas Sales (PJ)2.4 3.0 (20.0%)(0.6)2.5 (4.0%)(0.1)
Oil Production (kbbl)70 96 (27.1%)(26)74 (5.4%)(4)
Oil Production Yield (bbl/TJ) - check29.0 31.6 (8.2%)(2.6)29.5 (1.7%)(0.5)
Oil Sales (kbbl)76 77 (1.3%)(1)68 11.8%8
Realised Oil Price (NZD/bbl)$103.21 $73.74 40.0%$29.47 $88.29 16.9%$14.92
Average Brent Crude Oil (USD/bbl)$75.13 $43.00 74.7%$32.13 $68.83 9.2%$6.30
LPG Production (kt)10.6 13.0 (18.5%)(2.4)11.1 (4.5%)(0.5)
LPG Production Yield (t/TJ) - check4.4 4.3 2.3%0.1 4.4 0.0%-
LPG Sales (kt)11.2 13.4 (16.4%)(2.2)10.7 4.7%0.5
OTHERQ1 FY22Q1 FY21% ChangeVar.Q4 FY21% ChangeVar.
CORPORATE
Headcount (FTE)1,148 1,077 6.6%71 1,149 (0.1%)(1)
Total Recordable Injury Frequency Rate2.90 2.12 36.8%0.78 2.60 11.5%0.30

Genesis Energy Limited FY22 Q1 Performance Report 9.
Appendix: Retail Segment
-
100
200
300
400
500
600
700
800
$0
$50
$100
$150
Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
ICP Counts
Thousands
Cost to Serve ($/ICP)
ICP NUMBER & COST TO SERVE ($/ICP)
Electricty ICPs Active OccupiedGas ICPs Active Occupied
LPG Customer ConnectionsCost to Serve ($ per ICP)
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
-
200
400
600
800
1,000
1,200
Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
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
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
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
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
GAS SALES VOLUME (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)

Genesis Energy Limited FY22 Q1 Performance Report 10.
Appendix: Wholesale Segment
0
200
400
600
800
OctNovDecJanFebMarAprMayJunJulAugSep
TEKAPO STORAGE Vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
1000
2000
3000
4000
5000
OctNovDecJanFebMarAprMayJunJulAugSep
NEW ZEALAND DAILY STORAGE (ALL GENERATORS, GWh)
Long Run Average Storage12-month Storage
0
20
40
60
80
100
120
140
OctNovDecJanFebMarAprMayJunJulAugSep
WAIKAREMOANA STORAGE Vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
1
2
3
4
5
6
7
OctNovDecJanFebMarAprMayJunJulAugSep
GWh/day
TONGARIRO GENERATION vs 20y AVERAGE
7 day rolling Average20 year Average

0
100
200
300
400
500
600
700
800
Jul-20Sep-20Nov-20Jan-21Mar-21May-21Jul-21Sep-21
HUNTLY RANKINE UTILISATION (GWh)
Genesis Customers/Portfolio
Backup Swaption Partners
Backup Other Retailers/Spot Customers
Appendix: Wholesale Segment
0
500
1,000
1,500
2,000
2,500
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
GENERATION BY POWER STATION (GWh)
Huntly Unit 5Huntly Units 1 to 4 GasHuntly Units 1 to 4 Coal
Huntly Unit 6North Island HydroSouth Island Hydro
0%
20%
40%
60%
80%
100%
$-
$20.00
$40.00
$60.00
$80.00
$100.00
Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
PORTFOLIO AND THERMAL FUEL COSTS
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (RHS, %)
$50
$70
$90
$110
$130
$150
$170
$190
$210
$230
$250
2018201920202021
Calendar Year
ASX FUTURES SPOT PRICING ($/MWh)
1-Year Contract2-Year Contract3-Year Contract

Genesis Energy Limited FY22 Q1 Performance Report 12.
Appendix: Kupe Segment
$0
$10
$20
$30
$40
$50
$60
$70
$80
OctNovDecJanFebMarAprMayJunJulAugSep
BRENT CRUDE OIL SPOT PRICE (USD/bbl)
12 mths to September 202012 mths to September 2021
FORWARD OIL PRICE AND FOREX RISK MANAGEMENT
Oil Price Hedges (USD/bbl)% HedgedAverage Oil Price
1-12 months62%$58.30
13-24 months43%$64.70
25-36 months0%$0.00
USD/NZD HedgesRate
1-12 months82%0.672
13-24 months29%0.668
25-36 months13%0.682
-
100.
200.
300.
400.
500.
600.
-
20.
40.
60.
80.
100.
120.
140.
160.
Q1
FY18
Q2Q3Q4Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
KUPE OIL PRODUCTION VOLUMES (GENESIS SHARE, Kbbl)
Quarterly Production VolumeRolling 12 Months Production Volume (RHS)
-
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
FY18
Q2Q3Q4Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
KUPE GAS SALE VOLUMES (GENESIS SHARE, PJ)
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)

Genesis Energy Limited FY22 Q1 Performance Report 13.
Glossary
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 discounts
Volume Weighted Average Gas Selling Price - $/GJAverage selling price for customers including transmission and distribution and after discounts
Volume Weighted Average LPG Selling Price - $/tonneAverage selling price for customers including after discounts
Bottled LPG Sales (tonnes)Represents 45kg LPG bottle sales
SME & Other Bulk LPG sales (tonnes)Represents SME and other bulk and 3rd party distributors
Cost to Serve ($ 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

Investor relations enquiries
Tim McSweeney
GM Investor Relations & Market Risk
+64 27 200 5548