FY22 Q2 Performance Report

1
Prior comparable period (pcp) refers to FY21 Q2, unless otherwise stated

MARKET RELEASE
Date: 20 JANUARY 2022
NZX: GNE / ASX: GNE

FY22 Q2 Performance Report

The Genesis portfolio demonstrated flexibility in the quarter by shifting between providing back-up
electricity to the market at high prices and purchasing lower cost renewable electricity from the market
at low prices. Additionally, increased hydro generation and a full quarter of Waipipi wind meant power
generation emissions were down 60% on the prior comparable period.
1


Matt Boswell, Interim Chief Trading Officer

Retail
• Genesis continued to support our customers through the lockdown period. Net Customer Churn
declined for the sixth consecutive quarter to 12.6%, and Brand Net Promoter Score rose to the
highest recorded level of +26.
• Netback continued to grow across all products and segments. Gas performed particularly
strongly, up 53% on pcp, as the impact of wholesale prices flowed through to business
customers.
• Frank Energy was unleashed into the market as an autonomous tier 2 competitor to provide
Kiwis with a simple, straight up and easy to understand energy proposition. Frank Energy
succeeds the Energy Online brand and has 90,000 customers.

Wholesale
• The Huntly Power Station demonstrated flexibility by powering down in periods when wholesale
prices fell below generation costs. Increased hydro inflows, the Waipipi wind farm and wholesale
market hedging drove lower emissions.
• Genesis concluded the period with substantial energy storage, including 467 GWh of hydro and
1670 GWh stored at Huntly. Genesis’ procurement strategy protected the stockpile from
volatility in international energy markets.
• Major improvements to hydro generators continued, including the modernisation of the Piripaua
Power Station which is expected to improve efficiency of the 42MW plant by 3.3%.

Corporate and Kupe
• Genesis rolled out rapid antigen testing to our employees and contractors in critical roles. In Q3,
testing is being rolled out to office-based employees enabling them to safely return to work.
• Kupe continued to perform after the successful inlet compression project with gas, LPG and oil
production all up on the prior quarter.

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

1
Prior comparable period (pcp) refers to FY21 Q2, unless otherwise stated

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 Frank Energy 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 Q2
Performance Report
20January 2021

Genesis rolled out rapid antigen testing to our employees and contractors in critical roles. In Q3, testing is being rolled out to office based
employees enabling them to safely return to work.
Kupe continued to perform after the successful inlet compression projectwith gas, LPG and oil production all up on the prior quarter.
Genesis continued to support our customers through the lockdown period. Net Customer Churn declined for the sixth consecutive
quarter, to 12.6%, and Brand Net Promoter Score rose to the highest recorded level of +26.
Netback continued to grow across all products. Gas performed particularly strongly, up 53% on pcp, as the impact of wholesaleprices
flowed through to business customers.
Frank Energy was unleashed into the market, as an autonomous tier 2 competitor to provide Kiwis with a simple, straight up and easy to
understand energy proposition. Frank Energy succeeds the Energy Online brand and has 90,000 customers.
The Huntly Power Station demonstrated flexibility by powering down in periods when wholesale prices fell below generation costs.
Increased hydro inflows, the Waipipi wind farm and wholesale market hedging drove lower emissions.
Genesis concluded the period with substantial energy storage, including 467 GWh of hydro and 1670 GWh stored at Huntly. Genesis’
procurement strategy protected the stockpile from volatility in international energy markets.
Major improvements to hydro generators continued, including the modernisation of the Piripaua Power Station which is expectedto
improve efficiency of the 42MW plant by 3.3%.
Performance at a glance
Retail
Corporate & Kupe
Wholesale
Up 8 points on pcp
Brand NPS
Down on pcp
Generation Emissions
The Genesis portfolio demonstrated flexibility in the quarter by shifting between providing back-up electricity to the market
at high prices and purchasing lower cost renewable electricity from the market at low prices. Additionally, increased hydro
generation and a full quarter of Waipipi wind meant power generation emissions were down 60% on the prior comparable
period.
1
Matt Boswell, Interim Chief Trading Officer.
+26
Energy Stored
(60)
Genesis Energy Limited FY22 Q2 Performance Report 2.
1
Prior comparable period (pcp) refers to FY21 Q2, unless otherwise stated
2.1
TWh
Up 1.5TWh on FY21 YE
%

Genesis Energy Limited FY22 Q2 Performance Report 3.
Retail Segment
Gas netbacks continued to grow across all customer groups with higher wholesale gas
prices impacting business netbacks. Gas continued to perform strongly with total sales
up 6.2% on pcp. SME gas sales were impacted negatively by the lockdown and
consumption re-calculations following estimated reads.
EnergyServices continued to grow, with one quarter of C&I customers now subscribing
to Genesis non-energy products. Genesis remained competitive across the period, re-
signing several major customers.
Customers using multiple fuels continued to grow, with nearly 130,000 customers using
more than one fuel, up 3.9% on pcp.
LPG continued to perform strongly, with sales volumes up 5.5% and netback up 3.3% on
pcp.
0.0%
5.0%
10.0%
15.0%
20.0%
116,000
118,000
120,000
122,000
124,000
126,000
Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21
RESIDENTIAL DUAL FUEL CUSTOMER NUMBERS & CHURN (3-MONTH ROLLING AVERAGE %)
Group > 1 ProductGenesis Dual Fuel Churn (RHS)Frank Energy Dual Fuel Churn (RHS)
20.5%
20.8%
22.2%
22.5%
23.3%
24.2%
25.6%
10%
15%
20%
25%
30%
Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21
C&I CUSTOMERS UTILISING ENERGY SERVICES
85500
86000
86500
87000
87500
88000
Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21
ICP Count

Genesis Energy Limited FY22 Q2 Performance Report 4.
Wholesale Segment
Genesis utilised the flexibility of Huntly throughout the quarter, running long into
the market during high prices and short during periods of low prices. Genesis
purchased approximately 100 GWh of energy on the spot market by running short
at an average price of $59/MWh.
Generation emissions were down 60%, as cheaper renewables displaced baseload
thermal generation. Genesis renewables provided 53% of generation and the
Waipipi PPA provided 110 GWh of renewable energy.
Gas trading with industrial consumers enabled additional flexibility with Huntly
Unit Five over the Christmas holiday period and further reductions in carbon
emissions.
Genesis concluded the period with over 2000 GWh of stored energy across hydro
and thermal, up 1400 GWh from the start of the financial year.
HUNTLY GENERATION
-$200
-$150
-$100
-$50
$0
$50
$100
$150
$200
-200
-150
-100
-50
0
50
100
150
200
1-Dec8-Dec15-Dec22-Dec29-Dec
Wholesale Price ($/MWh)
Genesis Long/Short Position (MW)
Genesis Position (MW)Wholesale Price ($/MWh)
DECEMBER WHOLESALE TRADING POSITION
0.0
2.0
4.0
6.0
8.0
10.0
12.0
01-Oct16-Oct31-Oct15-Nov30-Nov15-Dec30-Dec
Unit 5Rankine
HYDROLOGY (GWh)
Q2 FY22Q2 FY21
Hydro
Generation
676647
Hydro
Inflows
891783
Closing
Storage
467
(133% of ave.)
313
(89% of ave.)

Genesis Energy Limited FY22 Q2 Performance Report 6.
Retail Operating Metrics
RETAIL SEGMENT
Q2 FY22Q2 FY21
% ChangeVar.
Q1 FY22% ChangeVar.
RETAIL
Brand Net Promoter Score - Genesis Energy261844.4% 82030.0% 6
Interaction Net Promoter Score - Genesis Energy49458.7% 4473.4% 2
Gross Customer Churn (3 month rolling average, %)20.3% 26.8% (24.3%) (6.5%) 21.4% (5.1%) (1.1%)
Net Customer Churn (3 month rolling average, %)12.6% 16.9% (25.4%) (4.3%) 13.8% (8.7%) (1.2%)
Cost to Serve ($ per ICP)$124$134(7.5%)($10)$1240.0%$0
Electricity Netback ($/MWh)$115.67$114.021.4%$1.65$133.72(13.5%)($18.05)
Gas Netback ($/GJ)$15.87$10.3852.9%$5.49$11.4738.4%$4.40
LPG Netback ($/t)$1,009.84$977.893.3%$31.95$1,138.25(11.3%)($128.41)
CUSTOMER NUMBERS
Customers > 1 Fuel129,920 124,996 3.9%4,924 129,041 0.7%879
Electricity Only Customers290,288 303,518 (4.4%)(13,230) 293,182 (1.0%)(2,894)
Gas Only Customers15,101 15,649 (3.5%)(548) 15,560 (2.9%)(459)
LPG Only Customers34,254 33,584 2.0%670 33,975 0.8%279
Total Customers469,563 477,747 (1.7%)(8,184) 471,758 (0.5%)(2,195)
Electricity ICPs Active-Occupied479,993 487,149 (1.5%)(7,156) 481,823 (0.4%)(1,830)
Gas ICPs Active-Occupied105,083 105,483 (0.4%)(400) 105,544 (0.4%)(461)
LPG Customer Connections83,130 76,864 8.2%6,266 81,665 1.8%1,465
Total ICPs668,206 669,496 (0.2%)(1,290) 669,032 (0.1%)(826)
VOLUMES AND PRICE
Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$272.96$270.430.9%$2.53$263.573.6%$9.39
Volume Weighted Average Electricity Selling Price - SME ($/MWh)$227.48$211.997.3%$15.49$233.57(2.6%)($6.09)
Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$121.48$119.531.6%$1.95$159.42(23.8%)($37.94)
Residential Electricity Sales (GWh)670 638 5.0%32 919 (27.1%)(249)
SME Electricity Sales (GWh)284 276 2.9%8 245 15.9%39
C&I Electricity Sales (GWh)532 597 (10.9%)(65) 505 5.3%27
Total Electricity Sales - Customer (GWh)1,486 1,511 (1.7%)(25) 1,669 (11.0%)(183)
Volume Weighted Average Gas Selling Price - Resi ($/GJ)$38.46$37.582.3%$0.88$30.9624.2%$7.50
Volume Weighted Average Gas Selling Price - SME ($/GJ)$23.28$17.0436.6%$6.24$17.3734.0%$5.91
Volume Weighted Average Gas Selling Price - C&I ($/GJ)$18.14$12.1649.2%$5.98$11.2761.0%$6.87
Residential Gas Sales (PJ)0.6 0.6 0.0%- 1.0 (40.0%)
(0.4)
SME Gas Sales (PJ)0.3 0.4 (25.0%)(0.1) 0.5 (40.0%)(0.2)
C&I Gas Sales (PJ)0.8 0.7 14.3%0.1 1.0 (20.0%)(0.2)
Total Gas Sales (PJ)1.7 1.6 6.2%0.1 2.5 (32.0%)(0.8)
Volume Weighted Average LPG Selling Price - Resi ($/tonne)$2,529$2,4104.9%$119$2,3288.6%$201
Volume Weighted Average LPG Selling Price - SME/Bulk ($/tonne)$1,538$1,542(0.3%)($4)$1,5082.0%$30
Bottled LPG Sales (tonnes)4,340 4,200 3.3%140 6,086 (28.7%)(1,746)
SME & Other Bulk LPG sales (tonnes)6,257 5,843 7.1%414 7,282 (14.1%)(1,025)
Total LPG Sales Volumes (tonnes)10,597 10,044 5.5%553 13,368 (20.7%)(2,771)

Genesis Energy Limited FY22 Q2 Performance Report 7.
Wholesale Operating Metrics
WHOLESALE SEGMENT
Q2 FY22Q2 FY21% ChangeVar.Q1 FY22% ChangeVar.
GENERATION
Gas (GWh)569 644 (11.6%) (75) 771 (26.2%) (202)
Coal (GWh)6 359 (98.3%) (353) 334 (98.2%) (328)
Total Thermal (GWh)574 1,003 (42.8%) (429) 1,106 (48.1%) (532)
Hydro (GWh)646 674 (4.2%) (28) 773 (16.4%) (127)
Wind (GWh)3 5 (40.0%) (2) 3 - -
Total Renewable (GWh)649 680 (4.6%) (31) 776 (16.4%) (127)
Total Generation (GWh)1,224 1,682 (27.2%) (458) 1,882 (35.0%) (658)
Average Price Received for Generation - GWAP ($/MWh) $79.08$116.10(31.9%) ($37.02)$163.12(51.5%) ($84.04)
Generation Emissions (ktCO2)250 625 (60.0%) (375) 656 (61.9%) (406)
Generation Carbon Intensity (tCO2/GWh)204 372 (45.2%) (168) 349 (41.5%) (145)
Forced Outage Factor (FOF)0.9% 0.8% 12.5% 0.1% 1.5% (40.0%) (0.6%)
Equipment Availability Factor (EAF)78.7% 88.9% (11.5%) (10.2%)88.2% (10.8%) (9.5%)
Rankine Output (GWh)23 397 (94.2%) (374) 382 (94.0%) (359)
Rankines Fueled by Coal (%)29% 90% (67.8%) (61%) 87% (66.7%) (58%)
POWER PURCHASE AGREEMENTS
Wind (GWh)110 30 267%80 133 (17.3%) (23)
Average Price Received for PPA - GWAP ($/MWh)$53.76$97.95(45.1%) ($44.19)$104.99(48.8%) ($51.23)
WHOLESALE
Electricity Purchases - Customer (GWh)1,565 1,590 (1.6%)(25) 1,760 (11.1%)(195)
Average Customer Electricity Purchase Price - LWAP ($/MWh) $77.39$115.82(33.2%)($38.43)$156.53(50.6%)($79.14)
LWAP/GWAP Ratio (%)98%100%(2.0%)(2)ppt96%2.1%2ppt
Gas Purchases (PJ)9.0 10.7 (15.9%)(1.7) 11.7 (23.1%)(2.7)
Coal Purchases (PJ)7.3 7.7 (5.2%) (0.4) 10.8 (32.4%)
(3.5)
Electricity Financial Contract Purchases - Wholesale (GWh)542 627 (13.6%) (85) 650 (16.6%) (108)
Electricity Financial Contract Purchase Price- Wholesale ($/MWh)$98.22$127.34(22.9%) (85)
Electricity Financial Contract Sales - Wholesale (GWh)535 816 (34.4%) (281) 942 (43.2%) (407)
Electricity Financial Contract Sale Price - Wholesale ($/MWh)$99.69$149.47(33.3%) (85)
Swaption Sales - Wholesale (GWh)- 1 (100.0%) (1) 51 (100.0%) (51)
Wholesale Gas Sales (PJ)2.8 4.0 (30.0%) (1.2) 3.3 (15.2%) (0.5)
Wholesale Coal Sales (PJ)- - - - - - -
Wholesale LPG Sales (tonnes)4,722 3,827 23.4% 895 3,618 30.5% 1,104
Gas Used In Internal Generation (PJ)4.5 5.0 (10.0%) (0.5)6.0 (25.0%) (1.5)
Weighted Average Gas Burn Cost ($/GJ)$9.21$9.012.2% $0.20$12.68(27.4%) ($3.47)
Coal Used In Internal Generation (PJ) 0.1 4.0 (97.3%) (3.9) 3.9 (97.2%) (3.8)
Weighted Average Coal Burn Cost ($/GJ)$7.39$6.0322.6% $1.36$7.251.9% $0.14
Weighted Average Fuel Cost - Portfolio ($/MWh)$38.30$48.48(21.0%) ($10.18)$63.72(39.9%) ($25.42)
Weighted Average Fuel Cost - Thermal ($/MWh)$81.59$81.330.3% $0.26$108.45(24.8%) ($26.86)
Coal Stockpile - closing balance (kilotonnes)835 496 68.3% 339 508 64.4% 327
Coal Stockpile - Stored Energy (PJ)18 11 68.8%8 11 64.3%7
($29.12)
($49.78)

Genesis Energy Limited FY22 Q2 Performance Report 8.
Kupe and Other Operating Metrics
KUPE SEGMENTQ2 FY22Q2 FY21% ChangeVar.Q1 FY22% ChangeVar.
KUPE
Gas Production (PJ)3.0 2.6 15.4%0.4 2.4 25.0%0.6
Gas Sales (PJ)3.0 2.6 15.4%0.4 2.4 25.0%0.6
Oil Production (kbbl)82 83 (1.2%)(1) 70 17.1%12
Oil Production Yield (bbl/TJ)27.7 31.2 (11.2%)(3.5) 29.0 (4.5%)(1.3)
Oil Sales (kbbl)71 81 (12.3%)(10) 76 (6.6%)(5)
Realised Oil Price (NZD/bbl)$91.11$63.6143.2%$27.50$103.21(11.7%)($12.10)
Average Brent Crude Oil (USD/bbl)$75.92$44.2271.7%$31.70$75.131.1%$0.79
LPG Production (kt)12.7 11.4 11.4%1.3 10.6 19.8%2.1
LPG Production Yield (t/TJ)4.3 4.3 0.0%- 4.4 (2.3%)(0.1)
LPG Sales (kt)12.6 11.0 14.5%1.6 11.2 12.5%1.4
OTHER
Q2 FY22Q2 FY21% ChangeVar.Q1 FY22% ChangeVar.
CORPORATE
Headcount (FTE)1,193 1,099 8.6%94 1,148 3.9%45
Total Recordable Injuries
1
9 5 80.0%4 12 (25.0%)(3)
FORWARD RISK MANAGEMENT
Oil Price Hedges (USD/bbl)% HedgedAverage Oil Price
1-12 months74%$62.80
13-24 months43%$66.90
25-36 months11%$68.60
USD/NZD HedgesRate
1-12 months72%0.657
13-24 months54%0.685
25-36 months16%0.677
1. TRIFR has been changed to Total Recordable Injuries since last quarter

Genesis Energy Limited FY22 Q2 Performance Report 9.
Appendix: Retail Segment
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
Q2
GAS SALES VOLUME (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
-
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
Q2
ELECTRICITY SALES VOLUMES (GWh)
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
$50
$100
$150
Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2
ICP Counts
Thousands
Cost to Serve ($/ICP)
ICP NUMBER & COST TO SERVE ($/ICP)
Electricty ICPs Active OccupiedGas ICPs Active Occupied
LPG Customer ConnectionsCost to Serve ($ per ICP)
-
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
Q2
LPG SALES VOLUMES (Tonnes)
Quarterly Bottled LPG Sales VolumesQuarterly Bulk & SME LPG Sales Volume
Rolling 12-month Sales Volume (RHS)

Genesis Energy Limited FY22 Q2 Performance Report 10.
Appendix: Wholesale Segment
0
20
40
60
80
100
120
140
160
180
JanFebMarAprMayJunJulAugSepOctNovDec
WAIKAREMOANA STORAGE Vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
200
400
600
800
1000
JanFebMarAprMayJunJulAugSepOctNovDec
TEKAPO STORAGE Vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
1000
2000
3000
4000
5000
JanFebMarAprMayJunJulAugSepOctNovDec
NEW ZEALAND DAILY STORAGE (ALL GENERATORS, GWh)
Long Run Average Storage12-month Storage
0
1
2
3
4
5
6
7
JanFebMarAprMayJunJulAugSepOctNovDec
GWh/day
TONGARIRO GENERATION vs 20y AVERAGE
7 day rolling Average20 year Average

Appendix: Wholesale Segment
0
100
200
300
400
500
600
700
800
Oct-20Dec-20Feb-21Apr-21Jun-21Aug-21Oct-21Dec-21
HUNTLY RANKINE UTILISATION (GWh)
Genesis Customers/Portfolio Backup Swaption Partners
Backup Other Retailers/Spot Customers
0
500
1,000
1,500
2,000
2,500
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2
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
$100.00
Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2
PORTFOLIO AND THERMAL FUEL COSTS
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (RHS, %)
$50
$100
$150
$200
$250
2018201920202021
Calendar Year
ASX FUTURES SPOT PRICING ($/MWh)
1-Year Contract2-Year Contract3-Year Contract

Genesis Energy Limited FY22 Q2 Performance Report 12.
Appendix: Kupe Segment
-
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
Q2
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
FY18
Q2Q3Q4Q1
FY19
Q2Q3Q4Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2
KUPE OIL PRODUCTION VOLUMES (GENESIS SHARE, Kbbl)
Quarterly Production VolumeRolling 12 Months Production Volume (RHS)
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
JanFebMarAprMayJunJulAugSepOctNovDec
BRENT CRUDE OIL SPOT PRICE (USD/bbl)
12 mths to December 202012 mths to December 2021

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 who 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
Rankines 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)

Genesis Energy Limited FY22 Q1 Performance Report 14.
Glossary
WHOLESALE
Average Retail Electricity Purchase Price - LWAP ($/MWh)Excludes settlements from electricity derivatives
Electricity Financial Contract Purchases - Wholesale (GWh)
Settlement volumes of generation hedge purchases, including exchange traded and OTC contracts. Excludes PPAs, active trading,
Financial Transmissions Rights (FTRs) and Cap/Collar/Floor contracts.
Electricity Financial Contract Sales - Wholesale (GWh)
Settlement volumes of generation hedge sales, including exchange traded, OTC contracts and Swaptions. Excludes PPAs, active trading,
Financial Transmissions Rights (FTRs) and Cap/Collar/Floor contracts.
Electricity Financial Contract Purchases - Wholesale Price ($/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 in tonnes divided by an estimated nominal energy content of Huntly's coal (22 GJ/t)
CORPORATE
Total Recordable Injuries12-month rolling Total Recordable Injuries including Lost Time Injuries, Restrictive Work Injuries and Medical Treatment Injuries.
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
Average Brent Crude Oil (USD/bbl)The time-weighted global market brent crude oil price
Oil Hedge Levels (%)% hedged for remainder of FY as % of forecast sales

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Tim McSweeney
GM Investor Relations & Market Risk
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