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FY22 Q4 Performance Report

Quarterly Update19 July 2022GNEUtilities

1
Prior comparable period (pcp) refers to FY21 Q4, unless otherwise stated


MARKET RELEASE

Date: 20 JULY 2022

NZX: GNE / ASX: GNE


FY22 Q4 Performance Report


Genesis continued to engage with its customers and support them in making more sustainable choices.

It was pleasing to see increasing customer satisfaction and loyalty through the quarter, as well as

growing our customer numbers by 3,400. With the launch of our new Genesis brand campaign and the

continued success of Frank Energy we are expecting this momentum to continue.


Tracey Hickman, Chief Customer Officer


Retail

• Net customers churn of 12.2%. 2.1% decrease on pcp.

1


• Gas netback of $16.9/GJ. 52% increase on pcp.

• Total customers of 471,000. 0.7% increase on Q3 FY22.


Wholesale

• Renewable generation of 755 GWh. 32% increase on pcp.

• Generation emissions a 49% decrease on pcp.

• Stored thermal energy of 19.3 PJ.


Kupe

• Gas production of 2.8 PJ. 12% increase on pcp.

• LPG production of 11.9 kt. 7.2% increase on pcp.

• Oil production of 70 kbbl. 5.4% decrease 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







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 one of New Zealand’s

largest energy retailers with approximately 475,000 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

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FY22 Q4
Performance Report

20July 2022

Performance Highlights
Retail

12.2%

Net Customer Churn

WholesaleKupe

Gas Production

2.1 ppt decrease on pcp

1

$16.9/GJ

Gas Netback

52% increase on pcp

471,000

Total Customers

Up 0.7% on Q3 FY22

755 GWh

Renewable Generation

32% increase on pcp

49% down

Generation Emissions

Relative to pcp

Stored Thermal Energy

877 kt on Huntly stockpile

70 kbbl.

5.4% decrease on pcp

1

Pcp refers to Q4 FY21 unless otherwis e stated

Genesis Energy Limited FY22 Q4 Performance Report 2.

2.8 PJ

12% increase on pcp

LPG Production

11.9 kt

7.2% increase on pcp

Oil Production

19.3 PJ

105
106

107

108

109

110

111

112

113

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

Dec-21

Jan-22

Feb-22

Mar-22

Apr-22

May-22

Jun-22

Thousands

Genesis Energy Limited FY22 Q4 Performance Report 3.

Customer loyalty and satisfaction continued to strengthen with interaction NPS

remaining at record highs. Net customer churn continued to decline to the lowest

level in two years.

Customer numbers increased in the quarter, up 3,400. This was driven by lower

churn, increased acquisitions and the launch of Frank Energy.

Electricity netback declined on pcp, due to a one-off release in Q4 FY21. Gas

netback continued to grow strongly as higher wholesale gas and carbon prices

were passed on.

LPG volumes were down across residential and business driven by warmer

weather conditions. Higher transport fuel and staffing costs contributed to a

decline in netback on pcp.

In a competitive market, Genesis continued to focus C&I sales on high value

customers and deeper energy management engagement with existing customers,

achieving better margin on lower volume. Gas netbacks grew strongly.

FRANK ENERGY ICP COUNT

0.0%

5.0%

10.0%

15.0%

20.0%

120,000

122,000

124,000

126,000

128,000

130,000

Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22

RESIDENTIAL DUAL FUEL CUSTOMER NUMBERS & CHURN (3-MONTH ROLLING AVERAGE %)

Group > 1 ProductGenesis Dual Fuel Churn (RHS)

Frank Energy Dual Fuel Churn (RHS)

Launch of

Frank

Energy

Retail Segment

Genesis Energy Limited FY22 Q4 Performance Report 4.
Wholesale Segment

Strong rainfall across the North Island enabled Genesis to increase hydro

generation in the quarter while building storage. After logistical delays, the Tua i

generator replacement is expected to be completed by the end of July.

Genesis continued to build storage at the Huntly stockpile, with further deliveries

through the quarter at prices below the current market.

Wholesale gas sales declined, following the roll off of long term sales contracts

that were not renewed.

Kupe Segment

Kupe production was up on pcp, following completion of inlet compression

project. Field production continued to decline through the quarter.

HYDROLOGY (GWh)

Q4 FY22Q4 FY21

Hydro

Generation

753568

Hydro

Inflows

647574

Closing

Storage

330

(108% of ave.)

253

(83% of ave.)

Wholesale and Kupe Segments

Genesis Energy Limited FY22 Q4 Performance Report 5.
Retail Operating Metrics

RETAIL SEGMENTQ4 FY22Q4 FY21% ChangeVar.Q3 FY22% ChangeVar.FY22

RETAIL

Brand Net Promoter Score - Genesis Energy271942.1% 829(6.9%)-2

Interaction Net Promoter Score - Genesis Energy554717.0% 8533.8% 2

Gross Customer Churn (3 month rolling average, %)19.7% 23.2% (15.1%)(3.5)ppt 20.2% (2.5%)(0.5)ppt

Net Customer Churn (3 month rolling average, %)12.2% 14.3% (14.7%)(2.1)ppt 12.8% (4.7%)(0.6)ppt

Cost to Serve ($ per ICP)$129 $124 4.0%$5 $125 3.2%$4

Electricity Netback ($/MWh)$129.18 $138.87 (7.0%)($9.69)$117.70 9.8%$11.48 $124.18

Gas Netback ($/GJ)$16.85 $11.10 51.8%$5.75 $17.48 (3.6%)($0.63)$14.70

LPG Netback ($/t)$977.12 $1,090.63 (10.4%)($113.51)$962.01 1.6%$15.11 $1,030.00

CUSTOMER NUMBERS

Customers > 1 Fuel133,550 128,214 4.2%5,336 130,838 2.1%2,712

Electricity Only Customers288,711 296,018 (2.5%)(7,307)287,939 0.3%772

Gas Only Customers14,003 16,086 (12.9%)(2,083)14,465 (3.2%)(462)

LPG Only Customers34,748 34,007 2.2%741 34,344 1.2%404

Total Customers471,012 474,325 (0.7%)(3,313)467,586 0.7%3,426

Electricity ICPs Active-Occupied480,946 484,082 (0.6%)(3,136)477,496 0.7%3,450

Gas ICPs Active-Occupied105,958 106,314 (0.3%)(356)104,921 1.0%1,037

LPG Customer Connections85,770 80,322 6.8%5,448 83,834 2.3%1,936

Total ICPs672,674 670,718 0.3%1,956 666,251 1.0%6,423

VOLUMES AND PRICE

Volume Weighted Average Electricity Selling Price - Resi ($/MWh)$270.15 $265.23 1.9%$4.92 $281.68 (4.1%)($11.53)$271.19

Volume Weighted Average Electricity Selling Price - SME ($/MWh)$242.54 $231.31 4.9%$11.23 $238.79 1.6%$3.75 $236.13

Volume Weighted Average Electricity Selling Price - C&I ($/MWh)$157.70 $155.45 1.4%$2.25 $131.31 20.1%$26.39 $141.85

Residential Electricity Sales (GWh)757 764 (0.9%)(7)554 36.6%203 2,877

SME Electricity Sales (GWh)238 252 (5.6%)(14)244 (2.5%)(6)1,000

C&I Electricity Sales (GWh)431 532 (19.0%)(101)462 (6.7%)(31)1,930

Total Electricity Sales - Customer (GWh)1,426 1,548 (7.9%)(122)1,259 13.3%167 5,806

Volume Weighted Average Gas Selling Price - Resi ($/GJ)$41.37 $35.50 16.5%$5.87 $57.22 (27.7%)($15.85)$38.44

Volume Weighted Average Gas Selling Price - SME ($/GJ)$26.74 $17.37 53.9%$9.37 $27.29 (2.0%)($0.55)$22.74

Volume Weighted Average Gas Selling Price - C&I ($/GJ)$20.31 $13.02 56.0%$7.29 $19.67 3.3%$0.64 $17.01

Residential Gas Sales (PJ)0.6 0.6 0.0%-0.3 100.0%0.3 2.5

SME Gas Sales (PJ)0.4 0.4 0.0%-0.2 100.0%0.2 1.4

C&I Gas Sales (PJ)0.9 1.0 (10.0%)(0.1)0.7 28.6%0.2 3.4

Total Gas Sales (PJ)1.9 2.0 (5.0%)(0.1)1.3 46.2%0.6 7.4

Volume Weighted Average LPG Selling Price - Resi ($/tonne)$2,605 $2,323 12.1%$282 $2,776 (6.2%)($171)$2,526

Volume Weighted Average LPG Selling Price - SME/Bulk ($/tonne)$1,528 $1,500 1.9%$28 $1,549 (1.4%)($21)$1,529

Bottled LPG Sales (tonnes)4,904 4,959 (1.1%)(55)3,228 51.9%1,676 18,558

SME & Other Bulk LPG sales (tonnes)6,742 7,396 (8.8%)(654)5,502 22.5%1,240 25,783

Total LPG Sales Volumes (tonnes)11,646 12,355 (5.7%)(709)8,730 33.4%2,916 44,341

Genesis Energy Limited FY22 Q4 Performance Report 6.
Wholesale Operating Metrics

WHOLESALE SEGMENTQ4 FY22Q4 FY21% ChangeVar.Q3 FY22% ChangeVar.FY22

GENERATION

Gas (GWh)710 547 29.8% 163 706 0.6% 4 2,756

Coal (GWh)357 1,175 (69.6%)(818)283 26.1% 74 980

Total Thermal (GWh)1,067 1,721 (38.0%)(654)989 7.9% 78 3,736

Hydro (GWh)753 569 32.3% 184 561 34.2% 192 2,733

Wind (GWh)3 4 (25.0%)(1)2 50.0% 1 11

Total Renewable (GWh)755 573 31.8% 182 563 34.1% 192 2,743

Total Generation (GWh)1,823 2,294 (20.5%)(471)1,552 17.5% 271 6,481

Average Price Received for Generation - GWAP ($/MWh) $197.11 $278.39 (29.2%)($81.28)$179.73 9.7% $17.38 $160.79

Generation Emissions (ktCO2)704 1,368 (48.5%)(664)611 15.2% 93 2,221

Generation Carbon Intensity (tCO2/GWh)360 596 (39.6%)(236)394 (8.6%)(34)342

Forced Outage Factor (FOF)1.1% 2.8% (60.7%)(1.7%)3.3% (66.7%)(2.2%)

Equipment Availability Factor (EAF)81.6% 88.9% (8.2%)(7.3%)78.2% 4.3% 3.4%

Rankine Output (GWh)383 1,222 (68.7%)(839)331 15.7% 52 1,119

Rankine Fuelled by Coal (%)93% 96% (3.1%)(3%)86% 8.1% 7.0% 74%

POWER PURCHASE AGREEMENTS

Wind (GWh)107 116 (7.8%)(9)96 11.5%11 412

Average Price Received for PPA - GWAP ($/MWh)$158.80 $229.95 (30.9%) ($71.15) $140.75 12.8% $18.05 $122.00

WHOLESALE

Electricity Purchases - Customer (GWh)1,504 1,630 (7.7%)(126)1,325 13.5%179 6,118

Average Customer Electricity Purchase Price - LWAP ($/MWh) $197.22 $282.05 (30.1%)($84.83)$178.41 10.5%$18.81 $151.22

LWAP/GWAP Ratio (%)100%101%(1.0%)(1)ppt 99%1.0%1ppt 98%

Gas Purchases (PJ)7.8 8.9 (12.4%)(1.1)7.9 (1.3%)(0.1)36.4

Coal Purchases (PJ)5.5 11.0 (50.0%)(5.5)3.0 83.3% 2.5 26.6

Electricity Financial Contract Purchases - Wholesale (GWh)533 522 2.1% 11 434 22.8% 99 2,159

Electricity Financial Contract Purchase Price- Wholesale ($/MWh)$115.79 -N/A N/A$116.27 (0.4%)($0.48)$114.90

Electricity Financial Contract Sales - Wholesale (GWh)957 1,210 (20.9%)(253)681 40.5% 276 3,115

Electricity Financial Contract Sale Price - Wholesale ($/MWh)$136.05 -N/A N/A $118.70 14.6% $17.35 $130.00

Swaption Sales - Wholesale (GWh)164 519 (68.4%)(355)88 86.4% 76 303

Wholesale Gas Sales (PJ)0.3 2.3 (87.0%)(2.0)1.0 (70.0%)(0.7)7.4

Wholesale Coal Sales (PJ)--------

Wholesale LPG Sales (tonnes)4,213 3,514 19.9% 699 4,541 (7.2%)(328)17,094

Gas Used In Internal Generation (PJ)5.4 4.4 22.7% 1.05.5 (1.8%)(0.1)21.4

Weighted Average Gas Burn Cost ($/GJ)$9.5 $10.8 (12.0%)($1.3)$9.4 1.1% $0.1 $10.3

Coal Used In Internal Generation (PJ) 3.9 13.1 (69.9%)(9.2)3.4 15.9% 0.5 11.3

Weighted Average Coal Burn Cost ($/GJ)$8.0 $6.4 25.0% $1.6 $7.5 6.7% $0.5 $7.6

Weighted Average Fuel Cost - Portfolio ($/MWh)$53.41 $101.57 (47.4%)($48.16)$60.82 (12.2%)($7.41)$55.14

Weighted Average Fuel Cost - Thermal ($/MWh)$91.20 $135.37 (32.6%)($44.17)$95.40 (4.4%)($4.20)$95.63

Coal Stockpile - closing balance (kt)877 189 364.0% 688 817 7.3% 60

Coal Stockpile - Stored Energy (PJ)19.3 4.2 359.5% 15.1 18.0 7.2% 1

1. Updated to correct reporting error in Q3 FY22

1

1

Genesis Energy Limited FY22 Q4 Performance Report 7.
Kupe and Other Operating Metrics

KUPE SEGMENTQ4 FY22Q4 FY21% ChangeVar.Q3 FY22% ChangeVar.FY22

KUPE

Gas Production (PJ)2.8 2.5 12.0%0.3 2.9 (3.4%)(0.1)11.1

Gas Sales (PJ)2.8 2.5 12.0%0.3 2.9 (3.4%)(0.1)11.1

Oil Production (kbbl)70 74 (5.4%)(4)75 (6.7%)(5)297

Oil Production Yield (bbl/TJ)24.9 29.5 (15.6%)(4.6)26.0 (4.2%)(1.1)26.9

Oil Sales (kbbl)65 68 (4.4%)(3)80 (18.8%)(15)292

Realised Oil Price (NZD/bbl)$72.45 $88.29 (17.9%)($15.84) $83.58 (13.3%)($11.13)$85.93

Average Brent Crude Oil (USD/bbl)$113.78 $68.83 65.3%$44.95 $101.41 12.2%$12.37 $91.56

LPG Production (kt)11.9 11.1 7.2%0.8 11.9 0.0%-47.2

LPG Production Yield (t/TJ)4.2 4.4 (4.5%)(0.2)4.2 0.0%-4.2

LPG Sales (kt)11.9 10.7 11.2%1.2 11.7 1.7%0.2 47.4

OTHERQ4 FY22Q4 FY21% ChangeVar.Q3 FY22% ChangeVar.FY22

CORPORATE

Headcount (FTE)1,204 1,149 4.8%55 1,187 1.4%17

Total Recordable Injuries16 15 7.0%110 60.0%6 39

FORWARD RISK MANAGEMENT

Oil Price Hedges (USD/bbl)% HedgedAverage Oil Price

1-12 months79%$72.40

13-24 months44%$79.80

25-36 months23%$87.30

USD/NZD HedgesRate

1-12 months80%0.655

13-24 months62%0.653

25-36 months26%0.632

1. Updated to correct reporting error in Q3 FY22

1

Genesis Energy Limited FY22 Q4 Performance Report 8.
Appendix: Retail Segment

-

100

200

300

400

500

600

700

800

$0

$50

$100

$150

Q4

FY19

Q1

FY20

Q2Q3Q4Q1

FY21

Q2Q3Q4Q1

FY22

Q2Q3Q4

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

-

100

200

300

400

500

600

700

800

900

1,000

Q4

FY19

Q1

FY20

Q2Q3Q4Q1

FY21

Q2Q3Q4Q1

FY22

Q2Q3Q4

ELECTRICITY SALES VOLUMES (GWh)

Quarterly Resi Sales VolumesQuarterly SME Sales Volumes

Quarterly C&I Sales VolumesRolling 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

Q2Q3Q4

GAS SALES VOLUME (PJ)

Quarterly Resi Sales VolumesQuarterly SME Sales Volumes

Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)

35,000

40,000

45,000

50,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Q4

FY19

Q1

FY20

Q2Q3Q4Q1

FY21

Q2Q3Q4Q1

FY22

Q2Q3Q4

LPG SALES VOLUMES (Tonnes)

Quarterly Bottled LPG Sales VolumesQuarterly Bulk & SME LPG Sales Volume

Rolling 12-month Sales Volume (RHS)

Genesis Energy Limited FY22 Q4 Performance Report 9.
Appendix: Wholesale Segment

0

20

40

60

80

100

120

140

160

180

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

1000

JulAugSepOctNovDecJanFebMarAprMayJun

TEKAPO STORAGE Vs LONG RUN AVERAGE (GWh)

Long Run Average Storage12-month Storage

0

1

2

3

4

5

6

7

JulAugSepOctNovDecJanFebMarAprMayJun

GWh/Day

TONGARIRO GENERATION

20 years average7 days rolling average

0
100

200

300

400

500

600

700

800

Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22

HUNTLY RANKINE UTILISATION (GWh)

Genesis Customers/Portfolio Backup Swaption Partners

Backup Other Retailers/Spot Customers

Appendix: Wholesale Segment

$50

$70

$90

$110

$130

$150

$170

$190

$210

$230

$250

20182019202020212022

Calendar Year

ASX FUTURES SPOT PRICING ($/MWh)

1-Year Contract2-Year Contract3-Year Contract

0

500

1,000

1,500

2,000

2,500

Q4

FY19

Q1

FY20

Q2Q3Q4Q1

FY21

Q2Q3Q4Q1

FY22

Q2Q3Q4

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

Q4

FY19

Q1

FY20

Q2Q3Q4Q1

FY21

Q2Q3Q4Q1

FY22

Q2Q3Q4

PORTFOLIO AND THERMAL FUEL COSTS

Weighted Average Fuel Cost - Thermal ($/MWh)

Weighted Average Fuel Cost - Portfolio ($/MWh)

Renewable Contribution to Total Generation (RHS, %)

Genesis Energy Limited FY22 Q4 Performance Report 10.

Appendix: Kupe Segment
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

Q2Q3Q4

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

Q2Q3Q4

KUPE OIL PRODUCTION VOLUMES (GENESIS SHARE, Kbbl)

Quarterly Production VolumeRolling 12 Months Production Volume (RHS)

$0

$20

$40

$60

$80

$100

$120

$140

JulAugSepOctNovDecJanFebMarAprMayJun

BRENT CRUDE OIL SPOT PRICE (USD/bbl)

12 mths to June 202112 mths to June 2022

Genesis Energy Limited FY22 Q4 Performance Report 11.

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 Q4 Performance Report 12.

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

Genesis Energy Limited FY22 Q4 Performance Report 13.

Energy IQ version 2.0 launched

Investor relations enquiries
Tim McSweeney

GM Investor Relations & Market Risk

+64 27 200 5548

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.