FY25 Q1 Performance Report

MARKET RELEASE

21 October 2024
NZX: GNE / ASX: GNE
FY25 Q1 Performance Report

The Huntly Portfolio demonstrated its flexibility during the period, with a third Rankine unit made
available to the market and coal, gas and to a lesser extent, diesel utilised. Thermal generation of
1,281 GWh was up 52% on the prior comparable period (pcp)
1
.

Chief Executive Malcolm Johns said, “The winter period demonstrated that the Huntly Portfolio is
critical to New Zealand’s energy security and the broader New Zealand economy. Now is the time for
us to be working with the sector on long term energy flexibility and security products to ensure the
potential for energy shortages is effectively managed. Genesis is fully focused on our part in this.”

Despite heavy coal consumption during the period, stockpile levels increased as 11 shipments were
delivered to Auckland and more recently Tauranga ports, before being transported by road and rail to
our Huntly site. As at 30 September, there was 243 kt stored, including 11 kt equivalent for Security
Product
2
counterparties.

During periods of price volatility Genesis was able to flex generation to align with wholesale prices. In
periods of intra-day volatility, over a 1000 MW of generation flexibility was achieved.

Customer numbers increased moderately, up 0.4% across Q1 FY25. Fuels netback was strong, as higher
wholesale gas and LPG prices were reflected in retail sales.

Gen35 strategy update

Genesis purchased 65% of New Zealand’s leading EV charging infrastructure operator, Chargenet. The
investment is a key enabler to se cure a 30% share of the emerging EV value pool under the Gen35
strategy. Genesis is targeting an IRR of around 15% from the investment.

Construction at Lauriston solar farm continued, with the first, or golden row, installed, along with the
main transformer. First generation remains on track for December 2024.

Development and delivery of the Huntly 100 MW/200 MWh battery and the Edgecumbe solar farm
continued in line with expectations.

David Binnie joined Genesis Energy as Business Development Manager – Biomass on a 12 month
assignment to lead the development of a biomass supply chain for electricity generation at Huntly
Power Station, with a target of securing an annual supply of 300 kt by FY28.


Genesis’ new customer billing platform is making good progress with the Frank build complete and on
track for go-live in Q4 FY25.


1
pcp refers to Q1 FY24.
2
Security Products refer to Huntly Firming Options (HFO) and Market Security Option (MSO) contracts.

ENDS



For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548

For media enquiries, please contact:
Estelle Sarney
External Communications Manager
M: 027 269 6383







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 and is one of New Zealand’s largest
energy retailers 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 $NZ3.0 billion during the 12 months ended 30 June 2024. More information
can be found at www.genesisenergy.co.nz

---

FY25 Q1
Performance Report
21October 2024

FY25 Q1 Performance Highlights
Retail
1,686 GWh
Total Electricity Sales
WholesaleKupe
2
44 GWh increase on pcp
1
498,497
Total Customers
2.0% increase on pcp
$158/MWh
Electricity Netback
20.7% decrease on pcp
763 GWh
Rankine Generation
61 GWhdecrease on pcp
$229/MWh
PPA Price Received
Coal Stockpile
616 ktdecrease on pcp
1.Pcp refers to Q1 F24 unless otherwis e stated.
2.Refers to Genesis’ 46% share.
Genesis Energy Limited FY25 Q1 Performance Report 2.
1.8 PJ
0.4 PJ decrease onpcp
8.0 kt
0.7 kt decrease on pcp
243 kt
Oil Production
Kupe LPG Sales
Kupe Gas Sales
$127/MWh increase on pcp
39 kbbl
4.1% increase on pcp

0
50
100
150
200
250
300
0
200
400
600
800
1000
1200
1400
Price ($/MWh)
Generation (MW)
Sep-11
September Portfolio Flex
Generation (MW)Spot Price ($/MWh)
Genesis Energy Limited FY25 Q1 Performance Report 3.
•The Huntly Portfolio demonstrated its flexibility during the period, with a third Rankine unit
made available to the market and coal, gas and to a lesser extent, diesel utilised. Thermal
generation of 1,281 GWh was up 52% on the prior comparable period (pcp).
•Despite heavy coal consumption during the period, stockpile levels increased as 11
shipments were delivered to Auckland and more recently Tauranga ports, before being
transported by road and rail to our Huntly site. As at 30 September, there was 243 kt
stored, including 11 kt equivalent for Security Product
1
counterparties.
•During periods of price volatility Genesis was able to flex generation to align with wholesale
prices. In periods of intra-day volatility, over a 1000 MW of generation flexibility was
achieved.
•Customer numbers increased moderately, up 0.4% across Q1 FY25. Fuels netback was
strong, as higher wholesale gas and LPG prices were reflected in retail sales.
Gen35 strategy update
•Genesis purchased 65% of New Zealand’s leading EV charging infrastructure operator,
Chargenet. The investment is a key enabler to secure a 30% share of the emerging EV
value pool under the Gen35 strategy. Genesis is targeting an IRR of around 15% from the
investment.
•Construction at Lauriston solar farm continued, with the first, or golden row, installed, along
with the main transformer. First generation remains on track for December 2024.
•Development and delivery of the Huntly 100MW/200MWh battery and the Edgecumbe
solar farm continued in line with expectations.
•David Binnie joined Genesis Energy as Business Development Manager – Biomass on a
12 month assignment to lead the development of a biomass supply chain for electricity
generation at Huntly Power Station, with a target of securing an annual supply of 300 kt by
FY28.
•Genesis’ new customer billing platform is making good progress with the Frank build
complete and on track for go-live in Q4 FY25.
PerformanceHighlights
HYDROLOGY (GWH)
Q1 FY25Q1 FY24
Hydro
Generation
686825
Hydro
Inflows
698631
Closing
St orage
317
( 113% of ave rage )
284
( 102% of ave rage )
>1000MW of
Portfolio
Flexibility
1.Security Products refer to Huntly Firming Options (HFO) and Market Security Option (MSO) contracts.

Q1 FY25Q1 FY24VarianceYTD FY25YTD FY24
ELECTRICITYVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$mVolume
Rate per unit$m VolumeRate per unit$m
Retail Resi Electricity
970 GWh$281/MWh272.5 951 GWh$275/MWh261.5 19 GWh$6/MWh11.0 970 GWh$281/MWh272.5 951 GWh$275/MWh261.5
Retail SME Electricity270 GWh$266/MWh71.8 260 GWh$250/MWh64.9 10 GWh$16/MWh6.8 270 GWh$266/MWh71.8 260 GWh$250/MWh64.9
Retail C&I Electricity446 GWh$237/MWh105.8 432 GWh$217/MWh93.8 14 GWh$20/MWh11.9 446 GWh$237/MWh105.8 432 GWh$217/MWh93.8
Total Retail Sales1,686 GWh$267/MWh450.0 1,642 GWh$256/MWh420.2 44 GWh$11/MWh29.8 1,686 GWh$267/MWh450.0 1,642 GWh$256/MWh420.2
Wholesale Electricity Sales1,971 GWh$338/MWh666.8 1,675 GWh$131/MWh219.0 296 GWh$208/MWh447.8 1,971 GWh$338/MWh666.8 1,675 GWh$131/MWh219.0
Generation Costs - Thermal
1
1,281 GWh$138/MWh177.4 844 GWh$117/MWh99.2 437 GWh$21/MWh78.2 1,281 GWh$138/MWh177.4 844 GWh$117/MWh99.2
Generation Costs - Renewable690 GWh--830 GWh--(141)GWh--690 GWh--830 GWh--
Generation Costs - Total1,971 GWh$90/MWh177.4 1,675 GWh$59/MWh99.2 296 GWh$31/MWh78.2 1,971 GWh$90/MWh177.4 1,675 GWh$59/MWh99.2
Retail Purchases
Retail Purchases
1,778 GWh$325/MWh577.3 1,725 GWh$131/MWh226.4 53 GWh$193/MWh350.8 1,778 GWh$325/MWh577.3 1,725 GWh$131/MWh226.4
Transmission and Distribution Costs171.6 152.2 19.4 171.6 152.2
GASVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Retail Resi Gas
0.9 PJ$42.8/GJ39.4 0.9 PJ$37.8/GJ35.8 (0.0) PJ$5.0/GJ3.5 0.9 PJ$42.8/GJ39.4 0.9 PJ$37.8/GJ35.8
Retail SME Gas0.5 PJ$28.5/GJ14.9 0.4 PJ$27.3/GJ12.3 0.1 PJ$1.2/GJ2.6 0.5 PJ$28.5/GJ14.9 0.4 PJ$27.3/GJ12.3
Retail C&I Gas1.0 PJ$24.2/GJ23.9 1.0 PJ$19.8/GJ19.4 0.0 PJ$4.4/GJ4.5 1.0 PJ$24.2/GJ23.9 1.0 PJ$19.8/GJ19.4
Total Retail Sales2.4 PJ$32.2/GJ78.1 2.4 PJ$28.4/GJ67.5 0.1 PJ$3.8/GJ10.7 2.4 PJ$32.2/GJ78.1 2.4 PJ$28.4/GJ67.5
Wholesale Sales0.0 PJ$12.5/GJ0.2 0.1 PJ$7.5/GJ0.4 (0.0) PJ$5.0/GJ(0.2)0.0 PJ$12.5/GJ0.2 0.1 PJ$7.5/GJ0.4
Cost of Gas
1
2.4 PJ$14.9/GJ36.5 2.4 PJ$8.9/GJ21.6 0.0 PJ$6.1/GJ14.9 2.4 PJ$14.9/GJ36.5 2.4 PJ$8.9/GJ21.6
Transmission and Distribution Costs29.8 24.4 5.4 29.8 24.4
LPGVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Bottled LPG Sales
6.1 kt$3,341/t20.5 6.0 kt$2,973/t17.8 0.1 kt$368/t2.6 6.1 kt$3,341/t20.5 6.0 kt$2,973/t17.8
SME & Other Bulk LPG Sales7.7 kt$1,915/t14.7 7.0 kt$1,746/t12.2 0.7 kt$169/t2.5 7.7 kt$1,915/t14.7 7.0 kt$1,746/t12.2
Total Retail Sales13.8 kt$2,547/t35.2 13.0 kt$2,313/t30.0 0.8 kt$234/t5.2 13.8 kt$2,547/t35.2 13.0 kt$2,313/t30.0
Wholesale LPG Sales1.0 kt$1,061/t1.1 0.8 kt$888/t0.7 0.2 kt$173/t0.4 1.0 kt$1,061/t1.1 0.8 kt$888/t0.7
LPG Cost14.9 kt$1,011/t15.0 13.8 kt$1,008/t13.9 1.1 kt$3/t1.1 14.9 kt$1,011/t15.0 13.8 kt$1,008/t13.9
KUPEVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Oil Sales
75.5 Kbbl$110.5/bbl8.3 0 Kbbl$0.0/bbl(0.1)75.5 Kbbl$110.5/bbl8.5 75.5 Kbbl$110.5/bbl8.3 00 Kbbl$0.0/bbl(0.1)
Gas Sales1.8 PJ$8.6/GJ15.5 2.2 PJ$7.6/GJ16.5 (0.4)PJ$1.0/GJ(1.0)1.8 PJ$8.6/GJ15.5 2.2 PJ$7.6/GJ16.5
LPG Sales8.0 kt$536/t4.3 8.7 kt$497/t4.3 (0.7)Kt$40/t(0.0)8.0 kt$536/t4.3 8.7 kt$497/t4.3
Genesis Energy Limited FY25 Q1 Performance Report 4.
Operating Performance
1
The cost of the Gas purchased from Methanex is apportioned across Electricity Thermal Generation costs and Cost of Gas
All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might
not appear to add or multiply.

RETAIL SEGMENTQ1 FY25Q1 FY24% ChangeVar.Q4 FY24% ChangeVar.YTD FY25YTD FY24
RETAIL
Brand Net Promoter Score - Genesis Energy
18175.9% 121(14.3%)-3
Interaction Net Promoter Score - Genesis514513.3% 655(7.3%)-4
Gross Customer Churn (3 month rolling average, %)21.6% 21.9% (1.4%)(0.3%)22.5% (4.0%)(0.9%)
Net Customer Churn (3 month rolling average, %)13.7% 14.1% (3.0%)(0.4%)14.3% (3.9%)(0.6%)
Electricity Netback ($/MWh)$158.05 $151.86 4.1%$6.19 $150.25 5.2%$7.79 $158.05 $151.86
Gas Netback ($/GJ)$19.24 $16.99 13.2%$2.25 $18.38 4.6%$0.85 $19.24 $16.99
LPG Netback ($/t)$1,633.38 $1,353.43 20.7%$279.94 $1,486.86 9.9%$146.51 $1,633.38 $1,353.43
CUSTOMER NUMBERS
Customers > 1 Fuel
151,500 146,010 3.8%5,490 150,557 0.6%943 151,500 146,010
Electricity Only Customers307,932 298,126 3.3%9,806 305,347 0.8%2,585 307,932 298,126
Gas Only Customers10,474 11,518 (9.1%)(1,044)10,821 (3.2%)(347)10,474 11,518
LPG Only Customers28,591 33,001 (13.4%)(4,410)29,871 (4.3%)(1,280)28,591 33,001
Total Customers498,497 488,655 2.0%9,842 496,596 0.4%1,901 498,497 488,655
Electricity ICPs Active-Occupied522,911 505,300 3.5%17,611 518,713 0.8%4,198 522,911 505,300
Gas ICPs Active-Occupied109,892 108,978 0.8%914 109,679 0.2%213 109,892 108,978
LPG Customer Connections (#) 90,861 91,490 (0.7%)(629)91,712 (0.9%)(851)90,861 91,490
Total ICPs723,664 705,768 2.5%17,896 720,104 0.5%3,560 723,664 705,768
WHOLESALE SEGMENTQ1 FY25Q1 FY24% ChangeVar.Q4 FY24% ChangeVar.YTD FY25YTD FY24
GENERATION
Generation Emissions (ktCO2)
984 581 69.4% 403 1,009 (2.4%)(24)984 581
Generation Carbon Intensity (tCO2/GWh)499 347 43.9% 152 563 (11.3%)(64)499 347
Rankine Output (GWh)763 825 (7.4%)(61)743 2.7% 20 763 825
Rankines Fueled by Coal (%)91% 24% 281.4% 67% 99% (7.5%)(7%)91% 24%
Total Gas Purchases (PJ)7.1 9.4 (24.6%)(2.3)6.3 13.5%0.8 7.1 9.4
Total Coal Purchases (PJ)7.8 -N/A 7.8 -N/A 7.8 7.8 -
Electricity CFD Purchases - Wholesale (GWh)
294 532 (44.7%)(238)385 (23.7%)(91)294 532
Electricity CFD Purchase Price - Wholesale ($/MWh)$180 $146 24.0%$35 $178 1.4%$2 $180 $146
Electricity CFD Sales - Wholesale (GWh)427 531 (19.6%)(104)386 10.6% 41 427 531
Electricity CFD Sale Price - Wholesale ($/MWh)$197 $141 39.9%$56 $169 16.5%$28 $197 $141
Gas Used In Internal Generation (PJ)4.7 6.9 (31.8%)(2.2)4.1 14.7% 0.64.7 6.9
Weighted Average Gas Burn Cost ($/GJ)$16.2 $9.3 73.8% $6.9 $12.3 31.8% $3.9 $16.2 $9.3
Coal Used In Internal Generation (PJ) 7.5 2.1 253.3% 5.4 8.1 (7.3%)(0.6)7.5 2.1
Weighted Average Coal Burn Cost ($/GJ)$9.3 $8.0 16.8% $1.3 $8.0 16.8% $1.3 $9.3 $8.0
Coal Stockpile -closing balance (kilotonnes)243 859 (71.7%)(616)231 4.9% 11
Security Products – coal equivalent energy secured (kilotonnes)11 5 110.1% 6 15 (24.8%)(4)
POWER PURCHASE AGREEMENTS
Wind (GWh)
123 130 (5.4%)(7)93 32.1% 30 123 130
Average Price Received for PPA -GWAP ($/MWh)$228.96 $102.21 124.0% $126.75 $223.90 2.3% $5.07 $228.96 $102.21
All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might
not appear to add or multiply.
Operating Metrics
Genesis Energy Limited FY25 Q1 Performance Report 5.

All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might
not appear to add or multiply.
1.FTE reporting has been updated to exclude employees on unpaid leave (previously included) and include contractors (previouslyexcluded). FTE reporting using
the updated definitions for historical periods is provided in the table below. FTE reporting now includes a breakdown of CorevsDigital Project FTE, and
Contractors vs Employee FTE.
2.The severity and classification of injuries are subject to change based on medical assessment and acceptanc e by ACC. This mayresult in historical restatement.
Operating Metrics
Genesis Energy Limited FY25 Q1 Performance Report 6.
KUPE SEGMENTQ1 FY25Q1 FY24% ChangeVar.Q4 FY24% ChangeVar.YTD FY25YTD FY24
KUPE
Oil Production (kbbl)
39 50 (20.7%)(10)43 (9.0%)(4)39 50
Average Brent Crude Oil (USD/bbl)$80.18 $87.02 (7.9%)($6.84)$84.94 (5.6%)($4.75)$80.18 $87.02
LPG Production (kt)8.0 9.3 (13.7%)(1.3)8.7 (8.0%)(0.7)8.0 9.3
LPG Production Yield (t/TJ)4.4 4.2 3.7%0.2 4.4 (0.7%)(0.0)4.4 4.2
OTHERQ1 FY25Q1 FY24% ChangeVar.Q4 FY24% ChangeVar.YTD FY25YTD FY24
CORPORATE
Employees FTE
1,229 1,262 (2.6%)(32)1,230 (0.1%)(1)1,229 1,262
Contractors FTE60 68 (12.0%)(8)53 11.6%6 60 68
Total FTE
1
1,289 1,329 (3.0%)(40)1,284 0.4%5 1,289 1,329
Total Recordable Injuries
2
16 15 6.7%1 14 14.3%2 16 15
Historical Total FTE
(updated definitions)
FY22FY23FY24
1
Q1116412421329
Q2117412531331
Q3118512631304
Q4119512971284
1,298
1,297
1,263
1,209
1,196
32
33
41
75
93
1,329
1,331
1,304
1,284
1,289
FY24 Q1Q2Q3Q4FY25 Q1
FTE Split
Core FTEDigital Projects FTETotal FTE

30,000
40,000
50,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
LPG Sales Volume (Tonnes)
Quarterly Bottled LPG Sales VolumesQuarterly Bulk & SME LPG Sales Volume
Rolling 12-month Sales Volume (RHS)
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Electricity Sales Volume (GWh)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
6.0
6.5
7.0
7.5
8.0
8.5
9.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Gas Sales Volume (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
Appendix: Retail Segment
Genesis Energy Limited FY25 Q1 Performance Report 7.

0
1,000
2,000
3,000
4,000
JulAugSepOctNovDecJanFebMarAprMayJunJulAugSep
New Zealand Daily Storage (All Generators, GWh)
Long Run Average Storage12 Month Storage
0
100
200
300
400
500
600
700
800
900
JulAugSepOctNovDecJanFebMarAprMayJunJulAugSep
Tekapo Storage vs. Long Run Average (GWh)
Long Run Average Storage12 Month Storage
0
50
100
150
200
250
JulAugSepOctNovDecJanFebMarAprMayJunJulAugSep
Waikaremoana Storage vs. Long Run Average (GWh)
Long Run Average Storage12 Month Storage
Appendix: Wholesale Segment
Genesis Energy Limited FY25 Q1 Performance Report 8.
0
1
2
3
4
5
6
JulAugSepOctNovDecJanFebMarAprMayJunJulAugSep
Tongariro Generation (GWh/Day)
20 Year Average7 Day Rolling Average

$50
$100
$150
$200
$250
$300
$350
Oct-21Jan-22Apr-22Jul-22Oct-22Jan-23Apr-23Jul-23Oct-23Jan-24Apr-24Jul-24Oct-24
ASX Futures Spot Pricing ($/MWh)
1-Year Contract2-Year Contract3-Year Contract
0
500
1,000
1,500
2,000
2,500
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Generation by Power Station (GWh)
North Island HydroSouth Island HydroHuntly Units 1 to 4 Gas
Huntly Units 1 to 4 CoalHuntly Unit 5Huntly Unit 6
Wind
0%
20%
40%
60%
80%
100%
$0
$20
$40
$60
$80
$100
$120
$140
$160
FY23 Q1Q2Q3Q4FY24 Q1Q2Q3Q4FY25 Q1
Portfolio & Thermal Fuel Costs
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (RHS, %)
Appendix: Wholesale Segment
Genesis Energy Limited FY25 Q1 Performance Report 9.

0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Kupe Oil Production Volume (Genesis Share, kbbl)
Quarterly Production VolumeRolling 12 Month Production Volume (RHS)
0
2
4
6
8
10
12
0
1
1
2
2
3
3
4
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Kupe Gas Sales Volume (Genesis Share, PJ)
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)
Appendix: Kupe Segment
Genesis Energy Limited FY25 Q1 Performance Report 10.
$50
$55
$60
$65
$70
$75
$80
$85
$90
$95
$100
OctNovDecJanFebMarAprMayJunJulAugSep
Brent Crude Oil Spot Price (USD/bbl)
12 Months to Sep 2312 Months to Sep 24

Glossary – Performance
Electricity
Retail Sales Residential
Sales of electricity to residential customers
Retail Sales SMESales of electricity to small business customers
Retail Sales C&ISales of electricity to commerc ial and industrial customers
W holesale SalesSale of generated electricity onto the spot market, excluding PPA settlements and ancillary revenue
Generation Costs Direct generation costs, inclusive of fuels and carbon
Retail PurchasesPurchases of electric ity on spot market for retail customers
Transmission and Distribution CostsTotal electricity transmission and distribution costs, connection charges, electricity market levies and meter leasing
Gas
Retail Sales ResidentialSales of gas to residential customers
Retail Sales SMESales of gas to small business customers
Retail Sales C&ISales of gas to commercial and industrial customers
W holesale SalesSales of gas to wholes ale customers
Gas CostPurchase of gas for sale (excludes gas used in electricity generation)
Transmission and Distribution CostsTotal gas transmission and distribution costs, gas levies and meter leasing
LPG
BottledLPGSalesRepresents45kgLPGbottlesales
SME& OtherBulkLPGsalesRepresentsSMEandotherbulkandthirdpartydistributors
W holesale LPG SalesSales of LPG to wholes ale customers
LPG CostPurchase of LPG for sale
Kupe
Oil SalesSale of crude oil
Gas SalesSale of gas
LPG SalesSale of LPG
Genesis Energy Limited FY25 Q1 Performance Report 11.

Glossary – Operational Metrics
Retail
BrandNetPromoterScoreBasedonsurveyquestion “Howlikelywouldyou betorecommend Genes is/Frank Energyto yourfriendsorfamily?”Calculated on 3 month rolling basis.
InteractionNetPromoterScore
Based on survey question “Based on your recent interaction with Genesis/Frank, how likely would you be to recommendGenesis/Frankto yourfamily/friends?”
Calculated on 3 month rolling basis.
CustomersElectricityand gas customersare defined bysingle customer view,regardless of number ofconnections (ICP’s)
SingleCustomerViewRepresentsuniquecustomerswhichmayhavemultipleICPs
ICPInstallationConnectionPoint, aconnectionpoint thatis bothoccupiedand hasnotbeen disconnected(Active-Occupied)
LPGCustomerConnectionsDefinedasnumberof customers
GrossCustomerChurnDefinedasresidential customersinstigatinga traderswitchorhomemove
NetCustomerChurnDefinedaspercentage of residential customers that finalise in a period.
Resi,SME,C&IResidential,smallandmediumenterprisesandcommercial& industrialcustomers
B2BBusinesstoBusiness,includingbothSMEandC&I
Netback($/MW h,$/GJ,$/tonne)
Customer EBITDAF by fuel type plus respective fuel purchase cost divided by total fuel sales volumes, stated in native fuel units (excluding corporatealloc ation costs and
Technology& Digital cost centre)
Genesis Energy Limited FY25 Q1 Performance Report 12.

Glossary – Operational Metrics
Wholesale
Electricity Financial Contract Purchases –W holesale
(GW h)
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 Purchases –W holesale Price
($/MW h)
Average price paid for Electricity Financ ial Contract Purchases – W holesale
Electricity Financial Contract Sales –W holesale (GW h)Settlement volumes of generation hedge sales, including exchange traded and OTC contracts. Excludes PPAs, active trading, Financial Transmissions Rights (FTRs)
and Cap/Collar/Floor contracts
Electricity Financial Contract Sales –W holesale Price
($/MW h)
Average price paid for Electricity Financ ial Contract Sales – W holesale
Generation Emissions Carbon emissions due to coal and gas electricity generation
Rankine OutputElectricity generated in the Huntly Rankine units
Rankine’sFuelledbyCoal(%)Theproportionofcoalusedin theRankineunits
Total Coal Purchases (PJ)Coal purchases have been converted from tonnes to PJ using the shipments’ Calorific Value
Weighted Average Gas Burn Cost ($/GJ)Totalcost ofgas burntdivided bygeneration fromgas firedgeneration, excludingemissions
CoalUsedInInternalGeneration(PJ)Resultsmayberevisedtoreflect changesin coalkilotonnesto PJconversionrateandvolume methodology.
Weighted Average CoalBurn Cost ($/GJ)Totalcostof coalburntdivided bygenerationfrom coalfired generation,excludingemissions
CoalStockpile– closing balance (Kt)The totalcoalstockpile closingbalanc e intonnesatHuntly Power Station.
Security Products
Refers to Huntly Firming Option (HFO) and Market Security Options (MSO). Stored energy refers to virtual stockpile volumes ordered by counterparties and is
expressed in kilotonnesof coal equivalents as at period end.
Powerpurchaseagreements
W ind(GW h)Energypurchasedthroughlongtermagreementswithgenerator
AveragePriceReceivedforGeneration- GW AP
($/MW h)
Pricereceivedatproductionnode.(E.g.W aipipi atW VY1101node)
Corporate
Total RecordableInjuries12-monthrollingTotalRecordableInjuries including LostTimeInjuries, RestrictiveW orkInjuries andMedicalTreatmentInjuries
Employees FTENumber of full-time equivalent employees, excluding those on parental leave or a career break
Contractors FTENumber of full-time equivalent contractors, excluding statement of work contractors.
Core FTENumber of full-time equivalent employees and contractors excluding those working on time-bound digital projects.
Digital Projects FTENumber of full-time equivalent employees and contractors working on time-bound digital projects.
Total FTETotal number of full-time equivalent employees, including contractors, excluding employees on parental leave or a career break
Kupe
OilProductionProduction of crude oil
OilPricerealis ed(USD/bbl.)Theunderlyingbenchmarkcrude oilpricethat is usedto setthepricefor crudeoilsales
LPG ProductionProduction of LPG
Genesis Energy Limited FY25 Q1 Performance Report 13.

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