2021 Annual Shareholder Meeting

MARKET RELEASE

Date: 29 October 2021

NZX: GNE / ASX: GNE
2021 Annual Shareholder Meeting

Genesis Energy Limited’s (GNE) Annual Shareholder Meeting is being held today, Friday 29th
October 2021, commencing at 10.00 am. Whilst not the Company’s preferred option, due to COVID-
19 concerns, the Annual Shareholder Meeting will be held virtually.

Shareholders can participate in the Annual Meeting virtually through the Computershare Meeting
Platform https://meetnow.global/nz.


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 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 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 $N3.2 billion during the 12 months ended 30 June 2021. More information can
be found at www.genesisenergy.co.nz

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2021 Annual
Shareholder Meeting
29October 2021
Barbara Chapman CNZM - Chairman
Marc England – Chief Executive

Welcome

Shareholder & Proxyholder Q&A Participation
Written Questions:Questions may be submitted
ahead of the meeting. If you have a question to
submit during the live meeting, please select the
Q&A tab on the right half of your screen at
anytime. Type your question into the field and
press submit. Your question will be immediately
submitted.
Help:The Q&A tab can also be used for
immediate help. If you need assistance, please
submit your query in the same manner as typing
a question and a Computershare representative
will respond to you directly.
How to Participate in a Virtual/Hybrid Meeting (Q&A)

Agenda
1.
2.
3.
4.
5.
Board Highlights
Company Performance & Strategy
Q&A Session
Voting
General Business

FY21 Financial Performance
NPAT $34m
$
m
EBITDAF
1
Full year dividend
cps
358
17.4191
$
m
Underlying Earnings
75
Capex $84m
3
$
m
Free cash flow
2
Dividend policy :
Genesis’ intention is to provide shareholders
with a consistent, reliable and attractive
dividend. The company aims to pay out
between 70% and 90% of its free cash flow.
FY22 Guidance:
$420 million to $440 million EBITDAF subject
to normal hydrological conditions, any material
one-off expenses or other unforeseen
circumstances.
1
Earnings before net finance expenses, income tax, depreciation, depletion, amortisation, impairment, fair value changes and other gains and losses. Refer to
consolidated comprehensive income statement in the 2021 annual report for a reconciliation from EBITDAF to Net Profit after tax.
2
Free Cash Flow represents EBITDAF less cash tax paid, net interest costs and stay in business capital expenditure. Net interest costs is interest and other finance
charges paid, less interest received.
3
Capital expenditure amounts differ from amounts stated in the financial statements due to exclusion of capital expenditure relating to Huntly U5’s Long Term
Maintenance contract (LTMA) FY21: $0.8m

Supporting our
Customers

Our People

The Climate
Challenge

Protecting our staff
during Covid-19

FY21 Financial Performance
NPAT $34m
$
m
EBITDAF
1
Full year dividend
cps
358
17.4191
$
m
Underlying Earnings
75
Capex $84m
3
$
m
Free cash flow
2
Dividend policy :
Genesis’ intention is to provide shareholders
with a consistent, reliable and attractive
dividend. The company aims to pay out
between 70% and 90% of its free cash flow.
FY22 Guidance:
$420 million to $440 million EBITDAF subject
to normal hydrological conditions, any material
one-off expenses or other unforeseen
circumstances.
1
Earnings before net finance expenses, income tax, depreciation, depletion, amortisation, impairment, fair value changes and other gains and losses. Refer to
consolidated comprehensive income statement in the 2021 annual report for a reconciliation from EBITDAF to Net Profit after tax.
2
Free Cash Flow represents EBITDAF less cash tax paid, net interest costs and stay in business capital expenditure. Net interest costs is interest and other finance
charges paid, less interest received.
3
Capital expenditure amounts differ from amounts stated in the financial statements due to exclusion of capital expenditure relating to Huntly U5’s Long Term
Maintenance contract (LTMA) FY21: $0.8m

%
Future-gen
FUTURE-GEN PORTFOLIO PIPELINE
-
250
500
750
1,000
1,250
1,500
1,750
2,000
FY21FY22FY23FY24FY25FY26
GWh per annum
WaipipiKaiwaikaweTauharaSolar Development
Target Year
1
:
Reduce direct emissions
Scope 1 & 2
Reduce emissions
2
by at least
1.2 million tonnes
1.Target is based on our FY20 as the base year.
2.Combined scope 1, 2 & 3 emissions.

Security of Supply
Waipipi
MEL
MCY
GNE
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Average Coal
Generation
FY16-FY20
Lower
hydro
generation
Lower
gas
generation
Increases
from other
generation
Reduced
national
demand
Coal
Generation
FY21
GWh
COAL PROVIDED ESSENTIAL ENERGY BACK-UP IN FY21
COAL GENERATION EXPECTED TO RAPIDLY DECLINE
FROM FY22
0
200
400
600
800
1,000
1,200
1,400
1,600
FY20FY21FY22FY23FY24FY25
kT
ActualForecastWet ScenarioDry Scenario
CEN

Living our Purpose

Digital
Transformation
Digital Transformation
ENERGY IQ MONTHLY UNIQUE USERS
75,000
100,000
125,000
150,000
175,000
200,000
Jun-20Sep-20Dec-20Mar-21Jun-21
15% year on
year growth
11.6 million
interactions with EIQ
features in FY21
275k
unique EIQ users in FY21
95k
Unique customer views of the new
Bill Insights feature on EIQ since
April
100,000
energy saving tip likes...and
counting

Customer Care
FY17FY18FY19FY20FY21
DECLINE IN BAD DEBT EXPENSE
RETAIL DISCONNECTIONS
-
1
2
3
4
5
6
7
8
9
FY17FY18FY19FY20FY21
$(m)
Bad Debt Expense excl. Provision
1,500
customers contacted
per month
40%
reduction in disconnections
from FY20
1
2,000
customer referrals to support
agencies
1. As a result of Te TiraManaaki Kenehi, outside of lockdown periods

Digital
Transformation
Future Steps
Trial Burn
Assessment of biofuels
viability at Huntly
Lifecycle study of
Rankine Units
Biofuels resource
assessment
Ongoing input into the
NZ Battery Project
Commercial
assessment
The Huntly Power Station is ideally located for major
electricity generation, located near to demand, with high
voltage connection and an abundant local workforce.
Genesis has partnered with a number of external
experts to test the viability of biomass conversion at
Huntly.
20.5%
6%
20.0%
0%
5%
10%
15%
20%
25%
Jun20Sep20Dec20Mar21Jun21
Percentage engagedTarget
Businesses engaged with Energy Services (%)
Huntly biomass trial
Helping NZ business de-carbonise

Shareholder & Proxyholder Q&A Participation
Written Questions:Questions may be submitted
ahead of the meeting. If you have a question to
submit during the live meeting, please select the
Q&A tab on the right half of your screen at
anytime. Type your question into the field and
press submit. Your question will be immediately
submitted.
Help:The Q&A tab can also be used for
immediate help. If you need assistance, please
submit your query in the same manner as typing
a question and a Computershare representative
will respond to you directly.
Shareholder Q&A: How to ask questions

How to vote
Shareholder & Proxyholder Voting
Once the voting has been opened, the resolutions and
voting options will allow voting.
To vote, simply click on the Vote tab, and select your voting
direction from the options shown on the screen. You can
vote for all resolutions at once or by each resolution.
Your vote has been cast when the tick appears. To change
your vote, select ‘Change Your Vote’.

Resolution 1:
Re-election of
Barbara Chapman
Director

Resolution 2:
Re-election of
James Moulder
Director

Resolution 3:
Directors’ remuneration

Summary of Proxies
RESOLUTIONVOTE TYPENUMBER OF VOTES%% OF ALL SECURITIES
1 - RE-ELECT BARBARA CHAPMANFor
Against
Discretionary
Board
Non-Board
Abstain
685,819,379
546,045
8,155,480
899,277
7,256,203
1,959,708
98.75
0.08
1.17
0.13
1.04
N/A
65.72
0.05
0.78
0.09
0.70
0.19
2 - RE-ELECT JAMES MOULDERFor
Against
Discretionary
Board
Non-Board
Abstain
684,212,768
2,127,898
8,187,396
927,726
7,259,670
1,952,550
98.51
0.31
1.18
0.13
1.05
N/A
65.56
0.20
0.78
0.09
0.70
0.19
3 - INCREASE DIRECTORS' REMFor
Against
Discretionary
Board
Non-Board
Abstain
683,913,838
2,439,655
7,900,274
862,393
7,037,881
2,226,845
98.51
0.35
1.14
0.12
1.01
N/A
65.54
0.23
0.76
0.08
0.67
0.21

General Business

Thank you
Thank you

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