FY22 Q3 Performance Report

FY22 Q3
Performance Report
20April 2022

Performance Highlights
Retail
29 pts
Brand Net Promoter Score
WholesaleKupe
Gas Production
11 point increase on pcp
1
$17.5/GJ
Gas Netback
54% increase on pcp
67%
Energy Services
Of newC&I customers signing up to
Energy Services in FY22
421 GWh
Hydro Storage
132% of average
Down 63%
Generation Emissions
Carbon intensity down 53% on pcp
$61/MWh
Portfolio fuel cost
Down 6% on pcp
$99/bbl
27% increase on pcp
1
Pcp refers to Q3 FY21 unless otherwis e stated
Genesis Energy Limited FY22 Q3 Performance Report 2.
2.9 PJ
21% increase on pcp
LPG Production
11.9 kt
13% increase on pcp
Realised Oil Price (NZD)

Genesis Energy Limited FY22 Q3 Performance Report 3.
Retail Segment
Genesis continued to invest in customer loyalty through our Power Shout and
Home Mover programmes.Trader and home mover switching declined, with net
churn reducing to 12.8%. Brand NPS continued to increase, up to 29 points.
Customer numbers were down 1.5% on pcp.Declines in electricity and gas single
fuel customers were partially offset by duel-fuel and LPG growth.
Netbacks continued to grow, with all fuels increasing on pcp. Gas was especially
strong, with netback increasing by 54% as higher wholesale prices were passed
on.
Genesis’ LPG customer numbers and volumes continued to grow in the period,
albeit at a slower rate than previous quarters. COVID continued to reduce
consumption, especially in hospitality and other SME businesses. The month of
March saw an increase in consumption as businesses bounced back from
lockdown. This is expected to continue in Q4.
Genesis’ C&I segment continued to focus on value, with 67% of new customers in
FY22 utilising Energy Services. The market remains competitive and sales volumes
were 18% lower than pcp.
0.0%
5.0%
10.0%
15.0%
20.0%
118,000
120,000
122,000
124,000
126,000
Apr-21Jun-21Aug-21Oct-21Dec-21Feb-22
Churn
Customers
RESIDENTIAL DUAL FUEL CUSTOMER NUMBERS & CHURN (3-MONTH ROLLING AVERAGE %)
Group > 1 ProductGenesis Dual Fuel Churn (RHS)
Frank Energy Dual Fuel Churn (RHS)
C&I CUSTOMERS UTILISING ENERGY SERVICES
20.5%
20.8%
22.2%
22.5%
23.3%
24.2%
25.6%
26.1%
26.7%
27.5%
10%
15%
20%
25%
30%
Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22

Genesis Energy Limited FY22 Q3 Performance Report 4. Genesis Energy Limited FY22 Q3 Performance Report 4.
Wholesale and Kupe Segments
Wholesale Segment
Hydro conditions remain strong, with weather conditions favourable for Genesis’
North Island catchments. Lake Waikaremoana received especially high inflows and
has 170 GWh of storage.
Carbon emissions declined significantly, down 63% on pcp. This was driven by
increased Waipipi generation, hydro conditions and increased gas availability
displacing Rankine generation.
Genesis completed two major generation projects in the quarter, the Tekapo B
runner replacement and Huntly Unit 2 statutory outage. Ongoing work at two
Waikaremoana Stations fell behind schedule due to shipping delays. Piripaua is
expected to return to service in April and Tua iin May.
Kupe Segment
Following completion of the Kupe inlet compression project in Q1 FY22,
production reached plant capacity of 77 TJ/day. Since commissioning, well
deliverability has declined faster than expected and has impacted the ability to
reach daily capacity rates. Despite this, total FY22 production remains on target,
due to strong demand.
Opportunities to increase well productivity and production rates are being
assessed and include in-wellbore intervention activities and development well
drilling. Subsurface analysis, planning and regulatory activities for a potential
development wellcontinued during the quarter.
HYDROLOGY (GWH)
Q3 FY22Q3 FY21
Hydro
Generation
561484
Hydro
Inflows
639425
Closing
Storage
421
(132% of ave.)
231
(72% of ave.)
0
10
20
30
40
50
60
70
80
01-Jan15-Jan29-Jan12-Feb26-Feb12-Mar26-Mar
KUPE GAS PRODUCTION (TJ/day)

Genesis Energy Limited FY22 Q3 Performance Report 5. Genesis Energy Limited FY22 Q3 Performance Report 5.
Retail Operating Metrics
*Q2 F22 Retail and Wholesale operational numbers have been amended since the FY22 Q2 Performance Report.
RETAIL SEGMENTQ3 FY22Q3 FY21% ChangeVar.Q2 FY22% ChangeVar.
RETAIL
Brand Net Promoter Score - Genesis Energy291861.1% 112611.5% 3
Interaction Net Promoter Score - Genesis Energy53506.0% 3498.2% 4
Gross Customer Churn (3 month rolling average, %)20.2% 24.1% (16.2%)(3.9)ppt 20.3% (0.5%)(0.1)ppt
Net Customer Churn (3 month rolling average, %)12.8% 15.2% (15.8%)(2.4)ppt 12.6% 1.6% 0.2ppt
Cost to Serve ($ per ICP)$125 $134 (6.7%)($9)$124 0.8%$1
Electricity Netback ($/MWh)$117.70 $114.30 3.0%$3.40 $113.92 3.3%$3.78
Gas Netback ($/GJ)$17.48 $11.32 54.4%$6.16 $15.02 16.4%$2.46
LPG Netback ($/t)$962.01 $907.37 6.0%$54.64 $1,010.41 (4.8%)($48.40)
CUSTOMER NUMBERS
Customers > 1 Fuel130,838 126,023 3.8%4,815 129,920 0.7%918
Electricity Only Customers287,939 299,058 (3.7%)(11,119)290,288 (0.8%)(2,349)
Gas Only Customers14,465 15,846 (8.7%)(1,381)15,101 (4.2%)(636)
LPG Only Customers34,344 33,775 1.7%569 34,254 0.3%90
Total Customers467,586 474,702 (1.5%)(7,116)469,563 (0.4%)(1,977)
Electricity ICPs Active-Occupied477,496 484,074 (1.4%)(6,578)479,993 (0.5%)(2,497)
Gas ICPs Active-Occupied104,921 105,660 (0.7%)(739)105,083 (0.2%)(162)
LPG Customer Connections83,834 78,288 7.1%5,546 83,130 0.8%704
Total ICPs666,251 668,022 (0.3%)(1,771)668,206 (0.3%)(1,955)
VOLUMES AND PRICE
Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$281.68 $270.45 4.2%$11.23 $274.27 2.7%$7.41
Volume Weighted Average Electricity Selling Price - SME ($/MWh)$238.79 $218.96 9.1%$19.83 $230.47 3.6%$8.32
Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$131.31 $133.51 (1.6%)($2.20)$121.48 8.1%$9.83
Residential Electricity Sales (GWh)554 568 (2.5%)(14)647 (14.4%)(93)
SME Electricity Sales (GWh)244 273 (10.6%)(29)273 (10.6%)(29)
C&I Electricity Sales (GWh)462 566 (18.4%)(104)532 (13.2%)(70)
Total Electricity Sales - Customer (GWh)1,259 1,407 (10.5%)(148)1,452 (13.3%)(193)
Volume Weighted Average Gas Selling Price - Resi ($/GJ)$57.22 $49.64 15.3%$7.58 $38.46 48.8%$18.76
Volume Weighted Average Gas Selling Price - SME ($/GJ)$27.29 $19.41 40.6%$7.88 $23.28 17.2%$4.01
Volume Weighted Average Gas Selling Price - C&I ($/GJ)$19.67 $12.28 60.2%$7.39 $18.14 8.4%$1.53
Residential Gas Sales (PJ)0.3 0.3 0.0%-0.6 (50.0%)(0.3)
SME Gas Sales (PJ)0.2 0.3 (33.3%)(0.1)0.3 (33.3%)(0.1)
C&I Gas Sales (PJ)0.7 0.8 (12.5%)(0.1)0.8 (12.5%)(0.1)
Total Gas Sales (PJ)1.3 1.5 (13.3%)(0.2)1.7 (23.5%)(0.4)
Volume Weighted Average LPG Selling Price - Resi ($/tonne)$2,776 $2,769 0.3%$7 $2,529 9.8%$247
Volume Weighted Average LPG Selling Price - SME/Bulk ($/tonne)$1,549 $1,542 0.5%$7 $1,538 0.7%$11
Bottled LPG Sales (tonnes)3,228 3,102 4.1%126 4,340 (25.6%)(1,112)
SME & Other Bulk LPG sales (tonnes)5,502 4,942 11.3%560 6,257 (12.1%)(755)
Total LPG Sales Volumes (tonnes)8,730 8,044 8.5%686 10,597 (17.6%)(1,867)

Genesis Energy Limited FY22 Q3 Performance Report 6. Genesis Energy Limited FY22 Q3 Performance Report 6.
Wholesale Operating Metrics
WHOLESALE SEGMENTQ3 FY22Q3 FY21% ChangeVar.Q2 FY22% ChangeVar.
GENERATION
Gas (GWh)706 604 16.9% 102 569 24.1% 137
Coal (GWh)283 868 (67.4%)(585)6 4616.7% 277
Total Thermal (GWh)989 1,473 (32.9%)(484)574 72.3% 415
Hydro (GWh)561 483 16.1% 78 646 (13.2%)(85)
Wind (GWh)2 4 (50.0%)(2)3 (33.3%)(1)
Total Renewable (GWh)563 487 15.6% 76 649 (13.3%)(86)
Total Generation (GWh)1,552 1,959 (20.8%)(407)1,224 26.8% 328
Average Price Received for Generation - GWAP ($/MWh) $179.73 $211.87 (15.2%)($32.14)$79.08 127.3% $100.65
Generation Emissions (ktCO2)404 1,080 (62.6%)(676)250 61.6% 154
Generation Carbon Intensity (tCO2/GWh)260 551 (52.8%)(291)204 27.5% 56
Forced Outage Factor (FOF)3.3% 0.4% 725.0% 2.9% 0.9% 266.7% 2.4%
Equipment Availability Factor (EAF)78.2% 88.8% (11.9%)(10.6%)78.7% (0.6%)(0.5%)
Rankine Output (GWh)331 877 (62.3%)(546)23 1339.1% 308
Rankine Fuelled by Coal (%)86% 99% (13.1%)(13%)29% 196.6% 57%
POWER PURCHASE AGREEMENTS
Wind (GWh)96 77 24.7%19 110 (12.7%)(14)
Average Price Received for PPA - GWAP ($/MWh)$140.75 $171.56 (18.0%)($30.81)$53.77 161.8% $86.98
WHOLESALE
Electricity Purchases - Customer (GWh)1,325 1,481 (10.5%)(156)1,529 (13.3%)(204)
Average Customer Electricity Purchase Price - LWAP ($/MWh) $178.41 $217.98 (18.2%)($39.57)$76.31 133.8%$102.10
LWAP/GWAP Ratio (%)99%103%(3.9%)(4)ppt 96%3.1%3ppt
Gas Purchases (PJ)7.9 7.7 2.6%0.2 9.0 (12.2%)(1.1)
Coal Purchases (PJ)3.0 5.0 (40.0%)(2.0)7.3 (58.9%)(4.3)
Electricity Financial Contract Purchases - Wholesale (GWh)434 376 15.4% 58 542 (19.9%)(108)
Electricity Financial Contract Purchase Price- Wholesale ($/MWh)$116.27 -N/A $116.27 $98.22 18.4% $18.05
Electricity Financial Contract Sales - Wholesale (GWh)681 956 (28.8%)(275)535 27.3% 146
Electricity Financial Contract Sale Price - Wholesale ($/MWh)$118.70 -N/A $118.70 $99.69 20.2% $19.01
Swaption Sales - Wholesale (GWh)88 -N/A 88 270 (67.4%)(182)
Wholesale Gas Sales (PJ)1.0 1.6 (37.5%)(0.6)2.8 (64.3%)(1.8)
Wholesale Coal Sales (PJ)-------
Wholesale LPG Sales (tonnes)4,541 3,950 15.0% 591 4,722 (3.8%)(181)
Gas Used In Internal Generation (PJ)5.5 4.6 19.6% 0.94.5 22.2% 1.0
Weighted Average Gas Burn Cost ($/GJ)$9.44 $9.63 (2.0%)($0.19)$9.21 2.5% $0.23
Coal Used In Internal Generation (PJ) 3.40 9.7 (64.9%)(6.3)0.1 3300.0% 3.3
Weighted Average Coal Burn Cost ($/GJ)$7.48 $6.13 22.0% $1.35 $7.39 1.2% $0.09
Weighted Average Fuel Cost - Portfolio ($/MWh)$60.82 $64.57 (5.8%)($3.75)$38.30 58.8% $22.52
Weighted Average Fuel Cost - Thermal ($/MWh)$95.40 $85.92 11.0% $9.48 $81.59 16.9% $13.81
Coal Stockpile - closing balance (kt)817 283 188.7% 534 835 (2.2%)(18)
Coal Stockpile - Stored Energy (PJ)18.0 6.2 190.3% 11.8 18.0 --

Genesis Energy Limited FY22 Q3 Performance Report 7. Genesis Energy Limited FY22 Q3 Performance Report 7.
Kupe and Other Operating Metrics
KUPE SEGMENTQ3 FY22Q3 FY21% ChangeVar.Q2 FY22% ChangeVar.
KUPE
Gas Production (PJ)2.9 2.4 20.8%0.5 3.0 (3.3%)(0.1)
Gas Sales (PJ)2.9 2.4 20.8%0.5 3.0 (3.3%)(0.1)
Oil Production (kbbl)75 73 2.7%2 82 (8.5%)(7)
Oil Production Yield (bbl/TJ)26.0 30.3 (14.2%)(4.3)27.7 (6.1%)(1.7)
Oil Sales (kbbl)80 81 (1.2%)(1)71 12.7%9
Realised Oil Price (NZD/bbl)$99.26 $78.14 27.0%$21.12 $91.11 8.9%$8.15
Average Brent Crude Oil (USD/bbl)$101.41 $60.90 66.5%$40.51 $75.92 33.6%$25.49
LPG Production (kt)11.9 10.5 13.3%1.4 12.7 (6.3%)(0.8)
LPG Production Yield (t/TJ)4.2 4.4 (4.5%)(0.2)4.3 (2.3%)(0.1)
LPG Sales (kt)11.7 10.6 10.4%1.1 12.6 (7.1%)(0.9)
OTHERQ3 FY22Q3 FY21% ChangeVar.Q2 FY22% ChangeVar.
CORPORATE
Headcount (FTE)1,187 1,096 8.3%91 1,193 (0.5%)(6)
Total Recordable Injuries10 1 900%9 9 11.1%1
FORWARD RISK MANAGEMENT
Oil Price Hedges (USD/bbl)% HedgedAverage Oil Price
1-12 months81%$70.20
13-24 months54%$72.00
25-36 months23%$83.30
USD/NZD HedgesRate
1-12 months72%0.667
13-24 months45%0.673
25-36 months24%0.669

Genesis Energy Limited FY22 Q3 Performance Report 8. Genesis Energy Limited FY22 Q3 Performance Report 8.
Appendix: Retail Segment
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
-
100
200
300
400
500
600
700
800
900
1,000
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
12-
month sales volume (GWh)
Quarterly Sales Volume (GWh)
ELECTRICITY SALES VOLUMES (GWh)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
35,000
37,500
40,000
42,500
45,000
47,500
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
12-
month sales volume (t)
Quarterly Sales Volume (t)
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
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
12-
month sales volume (PJ)
Quarterly Sales Volume (PJ)
Axis Title
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
$50
$100
$150
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
ICP Counts (Thousands)
Cost to Serve ($/ICP)
ICP NUMBER & COST TO SERVE ($/ICP)
Electricty ICPs Active OccupiedGas ICPs Active Occupied
LPG Customer ConnectionsCost to Serve ($ per ICP)

Genesis Energy Limited FY22 Q3 Performance Report 9. Genesis Energy Limited FY22 Q3 Performance Report 9.
Appendix: Wholesale Segment
0
20
40
60
80
100
120
140
160
180
AprMayJunJulAugSepOctNovDecJanFebMar
WAIKAREMOANA STORAGE Vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
200
400
600
800
1000
AprMayJunJulAugSepOctNovDecJanFebMar
TEKAPO STORAGE Vs LONG RUN AVERAGE (GWh)
Long Run Average Storage12-month Storage
0
1000
2000
3000
4000
5000
AprMayJunJulAugSepOctNovDecJanFebMar
NEW ZEALAND DAILY STORAGE (ALL GENERATORS, GWh)
Long Run Average Storage12-month Storage
0
1
2
3
4
5
6
7
AprMayJunJulAugSepOctNovDecJanFebMar
GWh/Day
TONGARIRO GENERATION
20 years average7 days rolling average

Genesis Energy Limited FY22 Q3 Performance Report 10. Genesis Energy Limited FY22 Q3 Performance Report 10.
Appendix: Wholesale Segment
0
200
400
600
800
Jan-21Mar-21May-21Jul-21Sep-21Nov-21Jan-22Mar-22
HUNTLY RANKINE UTILISATION (GWh)
Genesis Customers/Portfolio Backup Swaption Partners
Backup Other Retailers/Spot Customers
0%
20%
40%
60%
80%
100%
$-
$20.00
$40.00
$60.00
$80.00
$100.00
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
PORTFOLIO AND THERMAL FUEL COSTS
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (RHS, %)
0
500
1,000
1,500
2,000
2,500
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
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
$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 Q3 Performance Report 11. Genesis Energy Limited FY22 Q3 Performance Report 11.
Appendix: Kupe Segment
$0
$20
$40
$60
$80
$100
$120
$140
AprMayJunJulAugSepOctNovDecJanFebMar
BRENT CRUDE OIL SPOT PRICE (USD/bbl)
12 mths to March 202012 mths to March 2021
9.0
9.5
10.0
10.5
11.0
11.5
12.0
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
KUPE GAS SALE VOLUMES (GENESIS SHARE, PJ)
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)
-
50.
100.
150.
200.
250.
300.
350.
400.
450.
500.
-
20.
40.
60.
80.
100.
120.
140.
Q4
FY19
Q1
FY20
Q2Q3Q4Q1
FY21
Q2Q3Q4Q1
FY22
Q2Q3
KUPE OIL PRODUCTION VOLUMES (GENESIS SHARE, Kbbl)
Quarterly Production VolumeRolling 12 Months Production Volume (RHS)

Genesis Energy Limited FY22 Q3 Performance Report 12. Genesis Energy Limited FY22 Q3 Performance Report 12.
Glossary
RETAIL
Brand Net Promoter Score
Based on survey question "How likely would you be to recommend Genesis Energy/Frank Energy to your friends or family?"
Interaction Net Promoter Score
Based on survey question "Based on your recent Interaction With GE/Frank Energy, how likely would you be to recommend
GE/Frank Energy 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)

Genesis Energy Limited FY22 Q3 Performance Report 13. Genesis Energy Limited FY22 Q3 Performance Report 13.
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
Oil Hedge Levels (%)% hedged for remainder of FY as % of forecast sales
Glossary

Arrival of replacement generator at Tuai

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

---

MARKET RELEASE

Date: 20 APRIL 2022
NZX: GNE / ASX: GNE

FY22 Q3 Performance Report

Genesis continues to deliver improvements in customer loyalty through Power Shout and the
home move experience. Brand satisfaction is at a record high and customer churn is down
below 13%. Carbon emissions were down 63% on last year, driven by increased hydro inflows,
higher gas production and a full quarter’s production of Waipipi wind.

Marc England, Chief Executive


Retail
• Brand Net Promoter Score of 29 points. Up 11 points on pcp
1
.
• Gas Netback of $17.5/GJ. Up 54% on pcp.
• 67% of new C&I customers signed up to Energy Services in FY22 year to date.

Wholesale
• Genesis lakes finished the quarter with 421 GWh of hydro storage, 132% of average.
• Generation emissions of 404 kT CO2. Down 63% on pcp.
• Portfolio fuel cost of $61/MWh. Down 6% on pcp.

Kupe
• Gas production of 2.9 PJ. Up 21% on pcp.
• LPG production of 11.9 kt. Up 13% on pcp.
• Realised oil price of $99/bbl. Up 27% on pcp.


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
Pcp refers to FY21 Q3

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