Governance Roadshow Presentation

Governance Roadshow
May/June 2023
Second line can be in orange
Barbara Chapman CNZM – Chairman
Warwick Hunt MNZM - Director

2.
Disclaimer
This presentation has been prepared by Genesis Energy Limited (‘Genesis
Energy’) for information purposes only.This disclaimer applies to this
document and the verbal or written comments of any person presenting it.
The information in this presentation is of a general nature and does not
purport to be complete nor does it contain all the information required for an
investor to evaluate an investment.This presentation should be read in
conjunction with Genesis Energy’s Annual Report for FY22 and
accompanying market releases.
This presentation may contain projections or forward-looking statements.
Forward-looking statements may include statements regarding Genesis
Energy’s intent, belief or current expectations in connection with Genesis
Energy’s future operating or financial performance, or market
conditions.Such forward-looking statements are based on current
expectations and involve risks, uncertainties, assumptions, contingencies
and other factors, many of which are outside Genesis Energy’s
control.Although management may indicate and believe that the
assumptions underlying any projections and forward-looking statements are
reasonable, any of the assumptions could prove inaccurate or incorrect and
there can be no assurance that the results contemplated in those
projections and forward-looking statements will be realised.Actual results
may differ materially from those projected.Genesis Energy gives no
warranty or representation as to its future financial performance or any
future matter.
EBITDAF, underlying earnings and free cash flow are non-GAAP measures.
These non-GAAP measures should not be considered in isolation from, or
construed as a substitute for, other financial measures determined in
accordance with GAAP or NZ IFRS.
While all reasonable care has been taken in compiling this presentation, to
the maximum extent permitted by law, Genesis Energy accepts no
responsibility for any errors or omissions, and no representation is made as
to the accuracy, completeness or reliability of the information, in this
presentation.The information in this presentation does not constitute
financial product, legal, financial, investment, tax or any other advice or a
recommendation and nothing in this presentation should be construed as
an invitation for any subscription for, or purchase of, securities in Genesis
Energy.
All references to $ are to New Zealand dollars, unless otherwise stated.
Except as required by law, or the rules of any relevant securities exchange
or listing authority, Genesis Energy is not under any obligation to update
this presentation at any time after its release, whether as a result of new
information, future events or otherwise.

3.
Hinerangi Raumati-Tu’ua
MNZM
Director
BMS, MMS, FCA
Genesis Energy Board of Directors
Tim Miles
Director
BA
Chair of Human Resources
and Remuneration
Committee
Catherine Drayton
Director
BCom, LLB, FCA
Chair of Audit and Risk Committee
Warwick Hunt MNZM
Director
Paul Zealand
Director
BSc Mech. Eng(Hons),
MBA
James Moulder
Director
BA, BCA
Barbara Chapman CNZM
Chair
BCom, CMInstD
BAcc(Hons), FCA, FKCL
•Diverse Board, purposefully recruited to provide a broad range of
experience and capabilities
•Key governance bodies have experienced chairs:
•Barbara Chapmanjoined the Board in May 2018 and
appointed Chair of the Board in October 2018.Served as
Chief Executive and Managing Director of ASB Bank for seven
years and has extensive governance experience.
•Tim Milesjoined the Board in November 2016 and is Chair of
the Human Resources and Remuneration Committee. Served
as Chief Executive of Vodafone UK, Vodafone Group Chief
Technology Officer and in other senior leadership roles in the
technology sector
•Catherine Draytonjoined the Board in March 2019 and is
Chair of the Audit and Risk Committee. Extensive governance
experience and a former senior partner at PWC, specialising
in mergers and acquisitions.
•Two new Directors appointed in 2022:
•HinerangiRaumati-Tu’ua(Waikato, NgaatiMutunga) -
currently Chair of Tanui Group Holdings. Governance
experience across infrastructure, fisheries and several iwi
commercial entities
•Warwick Hunt - former Managing Partner of PwC (UK,
Europe Middle East and Africa). Experience across energy,
professional services, financial services and agribusiness

4.
Board Skills Matrix
Matrix as at 30 June 2022. Currently under review for release in FY23 Annual Report.

5.
Board Structure and Policies aligned with Best Practice
• Policies and charters are
formallyreviewed by the Board within
the third year after the last review, to
ensure they remain 'fit-for-purpose’
• Policies benchmarkedagainst third
party companies as part of the review
process
• Committee performance reviewed
against responsibilities in charters

6.
A RefreshedLeadershipTeamtoNavigatetheTransition
JamesSpence
Chief Financial Officer
BSc, CA
Experience as Chief Financial
Officer at three integrated
energy companies in Australia
and North America.
TraceyHickman
Chief Commercial Officer
MA (Hons), AMP (Harvard)
Over 28 years energy sector
experience, including ten years in
executive roles in generation,
trading, fuels and retail.
Rebecca Larking
Chief Operations Officer
MSc, Dip Business Admin
18 years energy sector experience
across environmental, generation,
business sales and retail operations.
Pauline Martin
Chief Trading Officer
B.E (Electrical & Electronic)
Over 15 years' experience in
wholesale markets,
transmission, generation
development and retail markets.
Chief Digital Officer
Recruitment Underway
MatthewOsborne
Chief Corporate
Affairs Officer
BCom, LLB
Corporate counsel/executive
with over 20 years' experience
across legal, regulatory,
sustainability, communications
and governance.
Malcolm Johns
Chief Executive
BMS
Joined as Chief Executive in
March 2023. Previously Chief
Executive of Christchurch Airport.
Has held governance roles in
transport, infrastructure and
tourism.
Claire Walker
Chief People Officer
BA, Dip Business Admin
20 years' experience in human
resource management. Deputy
Chair of the Sustainable
Business Council.
Chief Customer
Officer
Recruitment Underway

7.
Executive remuneration linked to Strategy, Performance
and Sustainability
Genesis' remuneration policy is underpinned by
three key objectives:
•Create a sense of longer‐term commitmentin
the relationship between the Company, key
employees, and shareholders.
•Be easy to understand, communicate, and
transparent for all stakeholders.
•Reward, retain and motivate high performers.
In FY23 the Company introduced a sustainability
metric into the Executive Long-Term Incentive
(LTI) scheme. This will vest depending on
achievement of the Science Based Target and
represents 20% of the LTI.
As at 30 June 2022. Currently under review for release in FY23 Annual Report.

8.
Directors’ Fees
•Genesis places significant value
and importance onattractingand
retaining Directors of the right
calibre and skill set that
companies of our complexity
require.
•Directors’ fees were last approved
by shareholders at the Company’s
2021 Annual Shareholder
Meeting.
Approved Directors’ fees – from 1 November 2021

9.
•Genesis holds a diverse portfolio of generation assets, geographically
dispersed, utilising multiple renewable and thermal sources. This will
continue to increase as Future-gen is developed.
•The Huntly Power Station is a key strategic asset for Genesis and New
Zealand, providing up to 1200MW of capacity close to major
population centres.
•The Company’s range of innovative products and strong brands result
in market leading customer loyalty and value.
A Diverse Asset Portfolio and Strong Customer Loyalty
0
1000
2000
3000
Genesis EnergyContact EnergyMercury EnergyMeridian Energy
Capacity (MW)
NI - North IslandSI - South Island
OwnershipJoint VenturePPA
HydroNI/SI
WindNINI
SolarNI/SI
GeothermalNI
ThermalNI
Current
Future-gen
Source: Electricity Authority
4%
5%
4%
12%
15%
6%
17%
25%25%
0%
5%
10%
15%
20%
25%
30%
GenesisFrankEcotricity
Customer Churn
YTD Move ChurnYTD Trader Switch ChurnTier 1 Avg (excl. Genesis) / T2 Avg (excl Frank)
Brands all below
market churn
levels
Strategically located Generation AssetsStrong Loyalty across all Company Brands
Capacity in
upper North
Island
Diverse Assets throughout New Zealand

10.
Genesis is reviewing the market over a 10-year horizon, to
ensure the company is best placed for the future
•Genesis is reviewing the New Zealand energy market
and considering the company’s opportunities in the
next 10 years and beyond.
•The focus is to identify future value pools and further
opportunities for decarbonisation.
•Key aspects for the review that are being considered:
•Electrification of transport and heat, across
industrial and residential sectors.
•Renewables development. Determining the
best structure and composition of renewable
generation for Genesis’ portfolio.
•Flexibility. Developing flexibility to support a
highly renewable sector and the role of Huntly
in support this.
•Business prioritisation, simplification and
efficiencies to focus investment and effort.
Electric Vehicle Growth
2025
20302035
Scale EaaS
Retail Gas and LPG Switching
Renewable Growth
Biomass
Efficiencies
Demand and Supply Flexibility
Business Simplification
Value Opportunities for Genesis

Consequence
– impact on
Genesis should the risk manifest
Likelihood of risk manifesting in athreeto fiveyeartimeframe
High
Risk
High
Risk
Low
Risk
Extreme
Risk
Moderate
Risk
•Directors consider strategic risks by
reference to a framework based on the
likelihood of occurrence and severity of
the consequences.
•Interconnection between risks has been
a focus of the Board.
•Key risks that the Board consider
include, but are not limited to:
•Global energy prices and the impact
on Genesis and New Zealand.
•Regulatory risks impacting the retail
or wholesale segments.
•Investors, customers and
stakeholder's views on sustainability
and carbon emissions.
•Impact of a higher interest rate
environment.
11.
Connections between
Risks
Board Considers Risks on Likelihood and Consequence
Framework

12.
Genesis is engaging as regulations evolve
Market Challenges
•Review of the Emissions Trading Scheme to ensure it incentivises
businesses to decarbonise and providestronger incentives for gross
emissions reductions.
Genesis Position
•Meeting winter peak demand has become increasingly challenging
as demandincreases and the national generation fleet transitions to
renewables. Government review continues on solutions to dry year
risk.
•The Government is being urged to broaden, strengthen, and
accelerate action on emissions reduction to meet climate change
objectives.
•Genesis supports timely and equitable decarbonisation. As New
Zealand’s highly and increasingly renewable electricity system will
be a key enabler, changes that result in higher electricity costs for
consumers and businesses must be considered carefully.
•Regulatory and market settings should provide incentives for the
appropriate mix of solutions (generation plant and demand
response) for peak demandand dry year risk.
•Genesis is constructively engaging with development of the Gas
Transition Plan and New Zealand Energy Strategy, to help ensure a
workable pathway for the energy sector that reduces emissions while
ensuring security of supply and minimising the impact on households.
•Genesis supports improvements and a holistic approach. Any
resulting framework should support New Zealand’s decarbonisation
ambitions – both for development of new infrastructure and
reconsenting existing plant.
•The Government is overhauling the resource management
framework, introducing new legislation and a new National Policy
Statement on Renewable Electricity Generation.
ETS
Changes
Security of
supply
Climate
change
Planning
reform

13.
•Information security is a priority for the Board, signingoff on the
Information Security Policy in October 2021.
•The Policy outlines how the company protects information and
systems from unauthorised access.
•Genesis’ approach is proactive, holistic and aligned to an eco-
system of internationally recognised standards.
•ISO 27001 – globally recognised information security
management standard
•VCSS-CSO – New Zealand security standard for control
systems operators
•ISO 27701 – globallyrecognisedprivacy
informationmanagement standard
•Current and emerging risks are reviewed by the Audit and Risk
Committee onquarterly basis.
Control
Systems
Security
Standards
Privacy
Standards
Security
Standards
Informationand System Security

15.
Sustainability Reporting
This year the following disclosures have been made and are available for
review:
•Climate Risk Report. Outlines climate-related financial risks and
opportunities under different climate scenarios. The report aligns with
the TCFD Framework.
•Greenhouse Gas Inventory Report.Provides transparency of
Genesis emissions.
•Modern Slavery Statement. Outlines the risks of modern slavery in
Genesis’ operations and domestic and international supply chains and
actions to address those risks.
•Sustainable Finance Report. Performance against the commitments
Genesis has made for our Sustainability Linked Loans, and Green
Bond eligible assets.
•Sustainability Index. Outlines Genesis’ approach to sustainability,
the GRI Index and Sustainable Development Goals.
C L I M AT E-RELATED RISK ASSESSMENT

16.
An active enabler of New Zealand’s energy transition
GENERATION EMISSIONS AND SCIENCE BASED TARGETS
SOLAR DEVELOPMENT PIPELINE
GenerationCapacityStart Date
Waipipi450 GWh133 MWNovember 2020
Solar-genUp to
740 GWh
Up to
500 MW
First generation FY25,
full volume by FY27
Kaiwaikawe230 GWh72 MWMid-2025
Tauhara550 GWh63 MWJanuary 2025
•Genesis and our partners FRV Australia have announced a 52MW solar
project at Lauriston, Canterbury.
•In addition to Lauriston, the Joint Venture is in negotiations for three
solar sites in the North Island with potential capacity of 400MW.
•Inflationary pressures have increased costs of renewable development
and supply chain issues have delayed the timeline of some PPAs.
•In January 2023 Genesis lodged an application to extend consent for the
Castle Hill Wind Farm. The new application retains the best sites for
wind generation. No decision has been made for development of the
site.
350 MW
400 MW
52 MW
FUTURE-GEN PROJECTS
Early Stage
Development
Intermediate
Stage
Development
Advanced Stage
Development
0
1
2
3
4
5
FY20FY25FY30FY35FY40
MtCO2
Actual emissionsForecast emissions
SBTi target - validatedSBTi target - unvalidated

17.
Trial has Demonstrated Biomass Viability
November 2022
Biomass delivery to
Huntly commenced
January 2023
Final shipment arrives
•In February 2023 Genesis completed a technical viability trial using
100% renewable biomass in the Huntly Rankine Units.The trial
demonstrated that the black pellets could be a drop-in replacement
for coal.
•The trial utilised Canadian sourced advanced biomass. Global prices
for advanced biomass are similar to that of coal (inclusive of carbon)
but costs and the environmental impact of transportation make it
unsuitable.
•Carbon emissions from biomass fuel are significantly less than coal.
1
•Genesis is partnering with Fonterra to explore the viability of a
domestic biomass industry. Other contributors are close to being
finalised.
Test Result
Reclaim and
Storage
Movement of fuel into
internal bunkers.
Successful internal transfer
with minimal spillage. Minor
dust suppression required.
Plant
Modifications
Checking suitability of plant,
mill capability and ability of
delivery to furnace.
Minor reversible modification
to mill made.
Health and
Safety
Hazop study
recommendations
implemented.
Explosion and fire risks
managed.
Plant
Performance
Testing fuel feed rate, boiler
output, and emissions.
Pending full analysis of trial
data but initial indications
positive.
2021
Trial fuel procurement
process begins
August 2022
Trial fuel contract
signed
February 2023
Successful trial of 1,000t
of Biomass
1 Currently, transporting and processing biomass requires some fossil fuel. Improved carbon reductions could be achieved as we develop zero-emissions transport, energy, and electricity sectors.
Feb 2023
Genesis/Fonterra
Biomass
Collaboration
Agreement
Mid 2023
First stage of study
completed
Domestic Biomass Assessment
•Consider potential sources for raw material for advanced
biomass production.
•Identify potential sites for domestic production.
•Assessment of production technologies
•Estimate capital costs for plant development.
•Outline other potential users of a domestic biomass
supply.

Further questions please contact:
Tim McSweeney – Investor Relations Manager
timothy.mcsweeney@genesisenergy.co.nz
M: 027 200 5548