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Genesis Energy GENESIS ENERGY FY26 RESULTS Malcolm Johns Emma Oettli Chief Executive Chief Financial Officer 27 August 2026 INVESTOR PRESENTATION
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DISCLAIMER Genesis Energy FY26 Results 2 This presentation has been prepared by Genesis Energy Limited (“Genesis Energy”) for information purposes only. This disclaimer applies to this presentation. For these purposes, “presentation” means this document and the information contained within it, as well as the verbal or written comments of any person presenting it. 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 contains forward-looking statements. Forward-looking statements include projections and may include statements regarding Genesis Energy’s intent, belief or current expectations in connection with its future operating or financial performance or market conditions. Forward-looking statements in this presentation may also include statements regarding the timetable, conduct and outcome of the general strategy of Genesis Energy, statements about the plans, targets, objectives and strategies of Genesis Energy, statements about the industry and the markets in which Genesis Energy operates and statements about the future performance of, and outlook for, Genesis Energy’s business. Any indications of, or guidance or outlook on, future earnings or financial position or performance and future distributions are also forward-looking statements. In particular, the outlook information included in slides 19, 21 and 22 includes various forward-looking statements relating to Genesis Energy’s future financial periods. Forward-looking statements in this presentation are not guarantees or predictions of future performance, are based on current expectations and involve risks, uncertainties, assumptions, contingencies and other factors, many of which are outside Genesis Energy’s control, are difficult to predict, and which may cause the actual results or performance of Genesis Energy to be materially different from any future results or performance expressed or implied by such forward-looking statements. This risk of inaccuracies may be heightened in relation to forward-looking statements that relate to longer timeframes, as such statements may incorporate a greater number of assumptions and estimates. Genesis Energy gives no warranty or representation in relation to any forward-looking statement, its future financial performance or any future matter. Forward-looking statements speak only as of the date of this presentation. Forward-looking statements can generally be identified by the use of words such as “approximate”, “project”, “foresee”, “plan”, “target”, “seek”, “expect”, “aim”, “intend”, “anticipate”, “believe”, “estimate”, “may”, “should”, “will”, “objective”, “assume”, “guidance”, “outlook” or similar expressions. EBITDAF, free cash flow and ‘normalised’ balances 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. Genesis Energy is subject to disclosure obligations under the NZX Listing Rules that requires it to notify certain material information to NZX for the purpose of that information being made available to participants in the market. This presentation should be read in conjunction with Genesis Energy’s Integrated Report for FY26 and Genesis Energy’s periodic and continuous disclosure announcements released to NZX, which are available at www.nzx.com. 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. This presentation does not constitute financial, legal, 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.
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THE EXECUTIVE TEAM 1. Emma Oettli Chief Financial Officer Over 20 years’ finance experience across the banking, telecommunications and energy sectors. 2. Claire Walker Chief People Officer Over 20 years’ experience in human resources, organisational leadership and people strategy. Deputy Chair of HRNZ. 3. Stephen England-Hall Chief Revenue Officer Over 20 years’ commercial experience, including 15 years as Chief Executive, spanning customer strategy, digital transformation and industry disruption. 4. Malcolm Johns Chief Executive Joined as Chief Executive in March 2023. Previously Chief Executive of Christchurch Airport, with governance experience across transport, infrastructure and tourism. 5. Matthew Osborne Chief Corporate Affairs Officer Corporate affairs executive and legal counsel with over 20 years’ experience across legal, regulatory, procurement, communications and governance. 6. Edward Hyde Chief Transformation & Technology Officer Over 20 years’ experience across commercial, technology and telecommunications leadership roles. 7. Tracey Hickman Chief Operating Officer Over 30 years’ experience in the energy sector, including 10 years in executive roles across generation, trading, fuels, retail and sustainability. 1. 2. 3. 4. 5. 6. 7.
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AGENDA Key Messages FY26 Business Performance FY26 Group Performance Guidance Group Outlook Appendices 01 02 03 04 05 06 Genesis Energy FY26 Results 44
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GEN35 – OUR STRATEGY
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FY26 STRATEGY DELIVERY HIGHLIGHTS MARGIN QUALITY COST DISCIPLINE STRONG CAPITAL MANAGEMENT Group Gross Margin $949m Up $85m yoy; strongest gross margin to date Retail Netback $176/MWh Up $21/MWh yoy with focus on value over volume Cost to serve $75 CTS/ICP Down $3 CTS/ICP yoy driven by operational efficiencies from NexGen & single brand strategy Core Opex $377m Up $16m yoy driven by disciplined investment in Ecotricity and our single brand strategy Digital Investment $50m Up $15m yoy. Total spend remains within $145m envelope, to be completed in FY27 Leeston, Tihori & BESS II FID approved. PPA’s signed Supporting FY32 generation cost of ~$60/MWh real Capital raise $400m Balance sheet positioned for growth. FY26 Debt/EBITDAF 1.6x (2.6x FY25) FY26 Dividends 14.88 cps Fixed dividend supported by FY26 Normalised EBITDAF of $522m and FY26 OP FCF $322m. Average Generation cost $61/MWh Down $20/MWh yoy due to increased hydro and new renewables generation Genesis Energy FY26 Results 6
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FY26 BUSINESS PERFORMANCE Genesis Energy FY26 Results 7 Tekapo B, in a full Lake Pukaki
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Ecotricity included in consolidated results from Nov-24 (7 months in FY25) 78 75 FY25 FY26 130 96 FY25 FY26 CUSTOMER – FY26 STRATEGY DELIVERY Genesis Energy FY26 Results 8 Margin Quality & Cost Discipline: repositioning portfolio to a higher-value mix (value over volume) Delivering Netback Growth • $21/MWh electricity netback uplift in FY26 through portfolio rebalancing and greater alignment of supply/demand shape • EV, Solar & Flex growth • Single brand strategy in final stages (ICP's back in growth over Jul - Aug with quality acquisition and shape) • Transmission and distribution price increase of c14%, passed through to customers. Third party charges are passed through in full • Broadband successfully launched in October, expanding Genesis’ offering and supporting deeper customer engagement and retention • Cost to acquire and cost to serve continue to decline in line with plan, new tech platforms key to next phase of uplift Life at Full Power! • Electrifying transport and low to medium heat will save an average household $2-3,000 p.a. in total energy costs. If 60% of NZ Inc's total energy came from electricity the country's total energy bill would be ~c$10 billion lower p.a. than it is today • Our vision for our customers is 'Life at Full Power!’ • New single-brand Genesis: Life At Full Powerpositioning in market ELECTRICITY NETBACK ($/MWh) GAS NETBACK ($/GJ) FY26 Strategy Delivery Key Points +43% EV3 Rooftop Solar Flex +12% +16% COST TO ACQUIRE1 (CTA / ICP gain) +$94m1 1,203 1,297 155 20 1 176 FY25 Margin Quality Cost Discipline FY26 COST TO SERVE2 (CTS / ICP) Notes: (1) The total cost of acquiring a new mass market electricity customer. Includes marketing spend, commissions and sign -up incentives.; (2) Total operating cost for mass market electricity customers less customer acquisition costs (CTA). Excludes one-off costs associated with the single brand and the billing/CRM system implementation.; (3) Genesis customer connections on EV Plan, excludes ChargeNet. DELIVERING MARGIN QUALITY 17.0K 33.6K 58MW REMOVE 1,511 1,614 FY25 FY26 LPG NETBACK ($/Tonne) 23.7 27.6 FY25 FY26
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RENEWABLES – FY26 STRA TEGY DELIVERY Genesis Energy FY26 Results 9 SOLAR WIND • Tihori (formerly Edgecumbe) solar farm construction commenced (136 MWp) with COD expected in Q1 FY28 • Leeston solar farm reached FID (70 MWp) • Rangiriri solar farm advancing through pre-FID development (271 MWp) • Foxton solar farm consented through the Fast Track process (220 MWp) • Lauriston Solar Farm completed its first full year of operations (63 MWp), generating 92 GWh in FY26 • Yinson partnership provides access to >1 GW of onshore wind opportunities • 15-year PPA secured for 70% of Mt Cass output (95 MW) • Castle Hill transmission route selection underway (~300 MW) • Around 300 MW early-stage wind development in pipeline Margin Quality & Strong Capital Management: lowering the average generation cost FID on ~500 MWp solar by FY28 Delivering up to 300 MW wind by FY32 GEOTHERMAL • Tauhara PPA Delivered 465 GWh in FY26 • Genesis has secured 53% of Ngāwhā’s geothermal generation (32 MW) for five years from January 2029, adding around 135 GWh of renewable energy to Genesis annually and further diversifying its generation portfolio PPAs secured for ~80 MW of geothermal capacity by 2029 Castle Hill Wind Farm Mt. Cass Ridge Ngāwhā Geothermal Rangiriri Solar Farm Lauriston Solar Farm
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Coal Update • Supply remains well positioned, supported by secure New Zealand contract positions and Indonesian coal supply, alongside trials of alternative coal supply sources • HFO’s called to support winter peak demand and in place for dry-year security of supply • Genesis is actively diversifying supply, including trials of Australian coal, strengthening flexibility and resilience for Huntly operations Diesel Update • 1 million litres of diesel storage at Huntly, supporting ~4 days of Unit 6 operation, with options to access up to 30 days of reserve • Diesel reserve at Marsden Point, materially improving New Zealand's in-country fuel resilience and security of supply • This provides significantly greater operational resilience than was available during Winter 2024, strengthening Genesis' ability to respond during periods of system stress CARBON PATHWAY COAL & DIESEL HUNTL Y – FY26 STRATEGY DELIVERY MARGIN QUALITY & COST DISCIPLINE: GENERATION FLEXIBILITY AND SECURITY Genesis Energy FY26 Results 10 GAS BESS • Leveraging fuel diversity and gas flexibility, as we have done in recent years, alongside the ASX to contract minimum take-or-pay positions • Price and volume remain key considerations in all take-or-pay contracts • Displace baseload gas by FY29 ‘or earlier’ • Strategic review of Unit 5’s future commercial pathway beyond 2029 to be completed within the next 12 months • Delivery of 100 MW x 2hr Huntly Stage 1 commissioning underway • Delivery of 100 MW x 2hr Huntly Stage 2. Final Investment Decision (FID) reached in Q4. Construction is expected to commence in Q2 FY27, and the BESS is expected to be operational by Q3 FY28 • The BESS programme will drive greater portfolio and system flexibility and security, provide support for Genesis’ large customer book, and leverage solar investment BIOMASS • Technical and operational work complete, confirming biomass can be used to displace coal at Huntly Power Station • Commercial readiness established, with a market specification for biomass fuel now in place • Current biomass costs are too high to meet Genesis’ investment hurdle rate, making deployment uneconomic at present • Economics are not expected to become commercially attractive until the 2030s under current market expectations • Genesis remains ready to contract if biomass prices move within the required commercial range of ~$500/Tonne
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15 35 50 45 0 10 20 30 40 50 60 FY24A FY25A FY26A FY27E $145M MAJOR DIGITAL PROJECTS ($m)(1) PLA TFORM, DELIVERY AND DA TA Genesis Energy FY26 Results 11 PROJECT BUDGET REMAINS ON TRACK PLATFORM DELIVERY FY26 Priorities • Digitise core services to deliver better customer experience and drive efficiency • Creating a simpler, faster and cheaper landscape • Leveraging world class partners FY26 Priorities • Major progress on the digital projects program this financial year • Managing projects to time, cost and quality objectives in order to realise business value • Leveraging the strengths of others – less in-house FY26 Priorities • Customer segmentation models delivered to enhance customer lifetime value • Unlocking value through great portfolio decisions • Data and AI led asset management and operations transformation roadmap finalised Historical Forecasts2 Notes: (1) Digital transformation excludes stay in business technology spend which is expected to be ~$15m per annum. Project spend is o n a cash basis and includes OPEX, CAPEX and Prepayments.; (2) Forecasts are subject to phasing changes. DATA Cost Discipline: Investing $145m in digital transformation enabling improved customer outcomes and organisational productivity Progress • Maintain excellent operation stability through busy change program • New outsourced IT service desk is now driving cost efficiencies of > 20% pa • Significant upgrade to cyber security controls in response to increasing threats Progress • Delivered: Workday Core Financials (FMS) • Delivered: New derivatives toolkit • Release 2 mass market on track; residential & small business migrations due for completion in FY27 • Release 3 on track, Robotron confirmed for C&I. Phased migration begins in Q2 FY27 Progress • Successful ChatGPT for Enterprise roll-out circa 94% organisation wide uptake • Significant progress onboarding approximately 500 new data sources onto the Databricks platform, from customer and trading domains • Organisation wide enablement activities building end-users capability to leverage Databricks platform
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FY26 GROUP PERFORMANCE Moawhango Dam
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FY26: GROUP FINANCIAL PERFORMANCE Genesis Energy FY26 Results 13 FY26 FY25 VARIANCE Revenue1 $2,821m $3,720m (24)% Gross Margin $949m $864m 10% MARGIN % 34% 23% OPEX: Normalised Operations $(377)m $(361)m 4% OPEX: Digital Investment2 $(50)m $(33)m 52% Normalised EBITDAF3 $522m $470m 11% MARGIN % 19% 13% OPEX: Non-routine costs $(4)m $(16)m nm Reported EBITDAF4 $518m $454m 14% MARGIN % 18% 12% Reported EBIT $187m $304m (38)% Reported NPAT $85m $169m (50)% Dividend Per Share 14.88 cps 14.30 cps 4% Earnings Per Share 7.3 cps 15.5 cps (53)% Notes: (1) Revenue: Inclusive of realised losses on non-hedge accounted electricity derivatives of $10.2m ($57m gain pcp).; (2) Digital Investment: includes OPEX associated with Major Digital Projects, as well as stay in business technology expenditure.; (3) Normalised EBITDAF: is adjusted for material non-routine items as per Genesis Disclosure of Non-GAAP performance measures policy. Refer appendix for reconciliation; (4) EBITDAF: Earnings before net financing, income tax, depreciation, depletion, amortisation, impairment, unrealised fair value changes and other gains and losses. Earnings growth, supporting a $50m digital project investment for future benefit realisation • Reported EBITDAF of $518m ($454m pcp) increases to $522m ($470m pcp) on a normalised basis after normalising3 for non-routine costs of $4m ($16m pcp) • Revenue: higher customer sales reflecting ‘value over volume’ strategy and pass through of transmission and distribution costs; offset by lower wholesale volumes and prices • Gross Margin: an overall 10% uplift, realised due to strong portfolio management, benefitting from >P50 renewable generation and managing fuel position to monetise reduced thermal generation during the period • Operations Expenses: reflects full year effect of Ecotricity operating costs and single brand specific opex • Digital Investment: continued delivery of re-platforming technology projects (Workday FMS and first stage of Billing platform delivered) • Reported NPAT: reflects EBITDAF, offset by lower mark to market fair value adjustments on unrealised derivatives (lower forward curve). Finance expenses lower due to equity raise
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864 60 86 (66) (5) 10 949 FY25 Gross Margin Customer margin Renewables Length Fuel Wholesale gas sales FY26 Gross Margin FY26: GROUP GROSS MARGIN AND OPERA TING EXPENSES Genesis Energy FY26 Results 14 RECORD GGMOF $949M, UP $85M WITH KEY VARIANCE AGAINST PCP: • Customer Margin: repositioned portfolio; single brand strategy implemented to deliver margin quality and cost discipline realisinga netback uplift; and integration of Ecotricity(FY25 from November 2024) • Renewables: strong inflows at Tekapo and Tongariro lifted hydro (+504 GWh or 20%), coupled with full year of Tauhara and Lauriston PPAs further displacing baseload gas generation as planned • Length: Trading, fuels and operations uplifts allowing sustained periods of very short running (lowering thermal generation) delivering lower average generation cost • Fuel: hedge carbon prices above spot offset by lower gas1 costs • Fuel Flex: renewables & length allowedhigher gas sales at higher prices to industrials OPEXOF $377M, UP $16M WITH KEY VARIANCES AGAINST PCP: • People2: up 5% on pcp due to strategy execution, ~3.5% wage/salary inflation, partially offset by benefits realised from ongoing operating model efficiencies • Software / Support costs: including two additional billing platforms (Ecotricity and new Billing platform), data compute uplift to support customer flexibility, IT helpdesk outsource, contractual CPI increases offset by renegotiated contracts and decommissioning • Consultants and Professional Services3: range of AI Initiatives to drive productivity and costs for new generation investigations • Other: includes incremental costs for transition to single brand (+$5m) • Metering re-classification: There has been a $15m re-classification of metering costs to gross margin during the year Notes: (1) Gas costs based on external positions with change in Kupe to Wholesale transfer prices being eliminated here.; (2) Exclud es FTEs dedicated to digital projects – refer Digital Investment classification.; (3) Excludes consultants dedicated to digital pro jects – refer Digital Investment classification. GROUP GROSS MARGIN (GGM) MOVEMENT ($M) GROUP NORMALISED OPEX BY SPEND CATEGORY ($M) Strategy Delivery: Strongest Gross Margin to date as strategy is delivered 155 3242 28 18 26 60 165 42 43 13 23 24 67 People Software / Support Maintenance / Property Direct Costs Consultants / Professional Services Kupe Operations Other FY25: $361m FY26: $377m
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Opening 1 Jul 25 Purchased Utilised Closing 30 June 26 GNE Operational Security Products (HFOs) 518 88 (119) (59) (93) (13) 322 FY26 EBITDAF Working Capital SIB Capex Financing Tax paid Lease payments FY26 Op FCF FY26: DELIVERED STRONG CASH CONVERSION Genesis Energy FY26 Results 15 EBITDAF TO OPERATING FREE CASH FLOW (OP FCF) ($m) $192m 889kt 434 kt 134 kt $260m 1,189 kt COAL STOCKPILE Year on year increase in coal stockpile is primarily funded by HFO Counterparties62% EBITDAF to OP FCF Conversion Includes payments from HFO counterparties for their share of the strategic coal stockpile. Margin Quality & Cost Discipline: Strong cash conversion supported by counterparty-funded working capital Notes: (1) Stay-in-Business CAPEX is presented on a cash basis. 335kt (International) 99kt (Domestic)
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99 80 1 2 89 12 9 6 3 FY26: CAPITAL EXPENDITURE Genesis Energy FY26 Results 16 Notes: (1) Stay-in-Business and Growth CAPEX are presented on an accounting basis, which differs to the cash flows in the year. Growth Capex & Investment includes investments in subsidiaries, associates and joint ventures. Strong Capital Management: Free cash flow uplift, capex in line with strategy execution STAY-IN-BUSINESS (SIB) CAPEX¹ $119m ($86M PCP) GROWTH CAPEX & INVESTMENT¹ $182m ($165m PCP) Investment in core assets to maintain reliability and maximise output Strategic investment to lower the cost of generation by displacing thermal generation $89m (75%) Maintenance of generation assets $12m (10%) Technology ($3m Digital Big Rocks projects) $9m (8%) LPG including new Auckland depot and truck replacements $6m (5%) Kupe JV asset maintenance $3m (2%) Other $99m (54%) Battery (BESS) construction $80m (44%) Solar development including Tihori construction, Rangiriri acquisition, and Leeston & Foxton progress $1m (1%) Wind $2m (1%) Other $119m $182m STRATEGIC FOCUS Balanced capital allocation between maintaining our core generation assets and investing in growth to strengthen market security and expand renewable generation for a more sustainable future $301m Total FY26 Capex ($251m PCP) 100% Funded from operating cash flow and funding toolkit
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322 165 126 418387 Sources Uses FY26: GROUP FINANCIAL RESILIENCE Genesis Energy FY26 Results 17 Strong Capital Management: Operating FCFand equity raise mean GNE well positioned for growth • Commitment to investment-grade credit rating, reaffirmed by S&P Global in December 2025 at BBB+ with a stable outlook • Strong liquidity headroom retained from undrawn committed facilities and successful $400m capital raise • FY26 Final Dividend declared of 7.58 cps and Dividend Reinvestment Plan (DRP) pricing set equal under the usual methodology with a 2.5% discount applied Notes: (1) Net Debt: Total borrowings, less cash and cash equivalents, less Fair Value adjustments; (2) Debt Leverage Ratio: Adjuste d Net Debt/EBITDAF (12 months preceding). Adjusted Net Debt represents Net Debt less 50% of capital bonds; plus rehabilitation & restoration provision.; (3) Debt repayments include movements in lease liabilities. NET DEBT¹, LIQUIDITY AND DEBT LEVERAGE RATIO²FY26 SOURCES & USES OF FUNDS ($m) Operating FCF Equity Raise Proceeds (net) Growth Investment (cash) Dividend Cash Distribution (net of DRP) Debt Repayments3 1,224 1,348 940 271 350 640 2.7x 2.6x 1.6x -6 -5 -4 -3 -2 -1 0 1 2 3 0 500 1000 1500 2000 FY24 FY25 FY26 Net Debt Liquidity Headroom Net Debt : EBITDAF SOURCES USES
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GUIDANCE Genesis Energy FY26 Results 18 Tekapo A
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FY27 GUIDANCE Genesis Energy FY26 Results 19 Normalised FY27 EBITDAF¹ guidance of $480 – $520 million² Tokaanu Penstocks Notes: Outlook remains subject to key assumptions and caveats related to hydrological conditions, gas availability, plant availabili ty, and material adverse events. (1) EBITDAF remains subject to key assumptions and caveats related to hydrological conditions, gas availability, plant availability, and material adverse events ; (2) Normalised EBITDAF is adjusted for material non-routine items as per Genesis Disclosure of Non-GAAP performance measures policy. Refer appendix for reconciliation $M FY27 GUIDANCE FY26 ACTUAL COMMENTARY Normalised(2) EBITDAF $480m - $520m $522m • Assumes P50 inflows and ~2.8 - 2.9 TWh of hydro generation. • Assumes P50 wind and solar 0.7 TWh Digital Investments (Big Rocks) $45m $50m • FY27 cash required to complete the digital “Big Rocks” programme of $145m SIB Capex $145m - $155m $119m • Uplift in annual spend supports activity to extend the Rankine units and maintain a high level of asset reliability Growth Investment Up to $325m $182m • Delivering new renewables and battery opportunities
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Genesis Energy FY26 Results 20 GROUP OUTLOOK Huntly Power Station
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FY27 Customer Renewables Huntly Opex Headwinds FY28 DELIVERING FY28 OUTLOOK 21 Customer Customer books well positioned and returned to growth in line with plan Wholesale forward curve broadly aligns with our LCOE view, with near-term headwinds possible Renewables Investment lowering average cost of generation Tihori and Leeston solar ‘on balance sheet’, Kaiwaikawe PPA Huntly HFO's and asset backed trading BESS 1 & 2 operational, HFO's, talent & technology uplift Opex Technology and brand projects delivered Digital (~$35m) and single brand (~$5m) investments concluded in FY27, opex returning to SIB levels Headwinds Kupe field decline and Opex for new assets Operating costs after building new owned assets BESS 2, Tihori and Leeston Upper $500m FY27: Guidance $480m - $520m Assumptions: (a) Indicative at August-26; (b) P50 hydro inflows (FY27-FY28); (c) Excludes assumptions regarding LNG proceeding; (d) Reflects existing/known regulatory and legislative requirements and conditions prevail; (e) Growth investments all subject to meeting financial thresholds required by capital allocation framework; (f) Kupe decommissioning spend assumed at end of field life. Earnings Growth: Credible path to upper $500m EBITDAF
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FY26 Customer Renewables Huntly Opex Headwinds FY32 FY32 GROWTH PLAN HORIZON 2 OF GEN35 Customer Demand Growth: electrification of homes & businesses • EV’s and electrification of heat • Strong single brand • Lower churn through adjacent products/services • New C&I demand opportunities FY26: Normalised to $522m FY32 Outlook: $650m - $750m Renewables >2TWh Cost Out: lower average generation cost (P50) • On balance sheet asset development • JV + PPA asset development • New PPA's Huntly Flexibility: firming, peaking, trading • Genesis customer book • Asset backed trading • HFO & Capacity products • Primary assets: 400MWh BESS, 3 Rankines & Unit 6 (Unit 7 optional) • Primary fuels: gas, coal, diesel (biomass once economic) • Displace baseload gas by FY29 OPEX Core Opex: from FY28 • Lower cost to serve & acquire • Major tech projects delivered • Productivity gains from upskilling our people, new technology and leveraging AI Headwinds Facing Into Headwinds • Opex increase from continuing to build and maintaining a future pipeline of around 2,500 MW • Kupe contribution will decline, current assumed end of life around FY34. 22Assumptions: (a) Indicative at Aug-26; (b) P50 hydro inflows (FY27-FY32); (c) GNE existing assets run beyond 2032; (d) Excludes assumptions regarding LNG proceeding; (e) Reflects existing/known regulatory and legislative requirements and conditions prevail; (f) Growth investments all subject to meeting financial thresholds required by capital allocation framework; (g) FY32 includes generation from on-balance sheet wind assets; (h) Kupe decommissioning spend assumed at end of field life.
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Genesis Energy FY26 Results 23 APPENDICES Tokaanu Power Station
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30% 6% 10% 8% 46% 450 465 92 3,092 505 1,077 51 5,732 Wind PPAs Geothermal PPAs Solar PPAs Hydro Huntly Rankines Unit 5 Unit 6 Total Generation 17% 12% 22%10% 39% Thermal Solar Wind Geothermal Hydro FY28 6.1 TWh 9% 19% 1% 54% 8% 2% 8% Huntly Rankines Unit 5 Unit 6 Hydro Wind Geothermal PPAs Solar PPAs Wind PPAs FY26: PORTFOLIO GENERATION COMPOSITION Genesis Energy FY26 Results • PPA’s now 18% of FY26 energy requirements (vs 11% pcp), further diversifying the portfolio and strengthening access to renewable, low-cost energy • Disciplined thermal dispatch allowed the portfolio to be short in the market at appropriate times, enabled by nimble gas management, lowering fuel and carbon exposure • Generation mix demonstrates increased portfolio flexibility supporting cost optimisation and margin protection and security of supply • 63 MW Tauhara capacity • 15-year contract commenced 2H FY25 • 63 MWp Lauriston solar farm • First generation Nov ’25 • 133 MW Waipipi • 31 wind turbines • Generation 2% up on pcp FY32 Growth Plan: >2TWh new renewables, exit baseload gas, firming & peaking FY26 PORTFOLIO GENERATION (GWH) PORTFOLIO GENERATION COMPOSITION (%) FY26 5.7 TWh 24% 27% 1% 37% 4% 6% FY25 6.9 TWh FY32 7.2 TWh FY26 average cost of generation1: $61/MWh (pcp $81/MWh) 2 Notes: (1) Average cost of generation includes the Generation Costs (Thermal, Hydro and fixed costs of PPAs) divided by total generation (including PPAs).; (2) Thermal Generation in FY28 & FY32 includes GNE firming, HFOs and Asset Backed Trading. 24
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GENESISEARNINGS RESILIENCE Genesis Energy FY26 Results 25 Resilient margins through price volatility Disciplined approach to hedging and portfolio optimisation Active portfolio management Strategic and profitable short position through strong hydrology Significant Fuel Flexibility Flexible generation enhanced by fuel flexibility PORTFOLIO USES AND SOURCES OF GENERATION (GWH) - 100 200 300 400 500 600 700 800 900 Jul-24 Sept-24 Nov-24 Jan-25 Mar-25 May-25 Jul-25 Sept-25 Nov-25 Jan-26 Mar-26 May-26 Hydro PPAs Gas Coal Rankine HFO Retail demand CONDEF Generation supported by active management of gas position and thermal dispatch through changing hydrology
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CUSTOMER: DELIVERING MARGIN QUALITY Genesis Energy FY26 Results 26 Demand Growth: lowering the total cost of energy for customers through greater electrification of homes and businesses COST DISCIPLINE: SIMPLIFYING OPERATIONS, LOWER-COST PLATFORM • Release 1 successfully deployed for approximately 50,000 customers on to new billing platform 'g2' • Release 2 progressed, with residential and small-business migrations planned from Q3 FY27 • Release 3 progressed, with Robotron confirmed for C&I and phased migration planned from Q2 FY27 • Single brand completed, simplifying the customer portfolio and focusing investment behind one brand MARGIN QUALITY: USING FLEXIBLE DEMAND TO REDUCE EXPOSURE TO PEAK ENERGY COSTS • Peak customer flexibility increased 16% to 58 MW • Flex capability continues to reduce exposure to high-cost peak periods • EVeryday, our EV flex product is under development with live trials beginning Q2 FY27 • Residential V2G trial has begun, exploring further expansion of flexible assets behind the meter • During wholesale price spikes on 6–7 August 2026, Genesis' customer flexibility platform flexed 15 MW of demand, shifted 61 MWh of load and delivered $25,000 of gross margin value. MARGIN QUALITY: HIGHER-VALUE RELATIONSHIPS ACROSS ENERGY , MOBILITY AND CONNECTIVITY • EV Plan customers increased 43% to ~17k • Solar connections increased 12% to ~34k • Broadband passed 5,000 customers expanding into new margin opportunities • ChargeNet charging sessions increased ~19% • ChargeNet network capacity grew 26%, with DC charge points increasing ~17% SCALE EFFICIENTLY CUSTOMER FLEXIBILITY EXPAND CUSTOMER VALUE 58MW Peak customer flex +43% EV Plan Customer Growth 50K Customers on g2
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CHARGENET IS AHEAD OF THE INVESTMENT THESIS Genesis Energy FY26 Results ChargeNet is capturing accelerating EV adoption through network scale, revenue growth and improving earnings CHARGENET IS CAPTURING THIS GROWTH AND CONVERTING TO VALUE Measure FY25 FY26 Charging sessions 766k 909k +19% DC Charge points 516 602 +17% DC Capacity 31 MW 39 MW +26% CHARGING REVENUE >50% increase year on year CAGR BEFORE MAR 26 +14% annualised CAGR POST MAR 26 +54% annualised 110,000 120,000 130,000 140,000 150,000 0 1,000 2,000 3,000 4,000 Nov-24 Jan-25 Mar-25 May-25 Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Total EV fleet Monthly new plug-in registrations THE ADDRESSABLE MARKET IS ACCELERATING ChargeNet Acquisition JUN 26 TOTAL FLEET ~150k Market Inflection The Market is showing a clear step-up in adoption momentum ChargeNet provides Genesis with direct exposure to one of the fastest-growing parts of the energy transition TOTAL & MONTHLY NEW PLUG-IN LIGHT VEHICLE REGISTRATIONS SINCE ACQUISITION 27
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RENEWABLES: STRONG DEVELOPMENT PIPELINE Genesis Energy FY26 Results 28 Projects that directly address New Zealand’s need for additional firming capacity Notes: (1) Capex estimate now extended to FY32 (2) Project financed with ~$13m equity funding by Genesis; (3) Formerly known as Edgecumbe; (4) Genesis is targeting 500 MW of solar opportunities; (5) Core solar farm consents in place; consents for substation extension to be acquired; (6) Stages 1 & 2 (collectively 228 MWp) are consented. Consents are still to be acquired for Stage 3 (43 MWp); (7) Excludes 300 MW of additional BESS options PROJECT CAPACITY / DURATION STATUS TOTAL PROJECT CAPEX1 COMMENTARY Operational 63 MWP $104m Lauriston solar farm 63 MWP Operating $104m2 Operational Committed growth capex 406 MW ~$602m Huntly BESS stage 1 100 MW / 200 MWh Under construction $135m COD September 2026 | under budget Tihori3 solar farm4 136 MWP Under construction $236m COD Q1 FY28 | on budget Huntly BESS stage 2 100 MW / 200 MWh FID delivered $106m FID – Apr 2026 Leeston solar farm4 70 MWP Consented5 ~$125m FID – Aug 2026 Progressed growth opportunities 271 MW $470 – 490m Rangiriri solar farm 271 MWP Consented6 $470 – 490m FID expected Q4/Q1 FY27/28 Discretionary growth opportunities – firming7 50 – 100 MW $250 – 400m Gas storage N/A Under active review Discussions ongoing Huntly unit 7 peaker ~50 – 100 MW Under review No further update Discretionary growth opportunities – renewables ~820 MW+ $1.1 – 1.2bn Foxton solar farm4 220 MWP Consented No further update Castle Hill wind farm ~300 MW Consented No further update Early-stage wind prospects ~300 MW Early-stage prospecting No further update Early-stage hydro enhancement N/A Early-stage prospecting No further update Joint Equity / PPAs ~1,000 MW Yinson wind partnership ~1,000 MW Early-stage equity options No further update
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DEVELOPMENT PIPELINESTRATEGIC LOCATION Genesis Energy FY26 Results 29 Notes: (1) Lauriston - Genesis holds a 40% equity interest and 100% PPA offtake (2) 15-year PPA secured for 70% of Mt Cass output (95 MW); (3) 5-year PPA secured for 53% of Ngāwha's output.
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70 80 90 100 110 120 130 140 150 160 170 Long-term Price Path Wind Solar LCOE Range Min. Firming Max. Firming Firming range ~$20 - $50 HUNTL Y : FLEXIBILITY & FIRMING Genesis Energy FY26 Results 30 Margin Quality & Strong Capital Management: competitive LCOE and Firming value capture Market value of flexibility reward pool ($m p.a.)Indicative Levelised Cost of Energy (LCOE) ($ / MWh) - 300 600 900 1,200 1,500 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Minutes / Hours Days / Weeks Months / Years Year-to-year ILLUSTRATIVE VALUATION OF FIRMING Net FlexGen MW Firming value ($/MW) Net annual firming revenue ($) Asset value = NPV over life of the asset Source: Solar: Based on Genesis delivery experience; Wind: Based on market consensus LCOE; Firming: Based on Genesis’ firming market experience Firming range ~$10 - $28 $115 - $125 Notes: (1) The Long-term Price Path price is a forward view of the price of electricity at P50 conditions, reflecting a weighted average co st of generating (existing & new) and firming 1
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Genesis Energy FY26 Results GAS POSITION GAS USE VS CONTRACTED POSITIONS (PJ’s per month) GAS POSITION (PJ’s per month) Proven track record of disciplined fuel management, optimising gas availability and flexibility over the past two years to support portfolio performance. Forecast gas position through 2029, while leveraging fuel diversity, gas flexibility and the ASX to contract take-or-pay positions. Gas position through 2029 aligned to displacement of baseload gas generation - 0.5 1.0 1.5 2.0 2.5 3.0 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 Jan-26 Apr-26 MM C&I Generation gas Wholesale Spot sales Contracted gas Purchased short gas 31 - 0.5 1.0 1.5 2.0 2.5 3.0 Jul-26 Nov-26 Mar-27 Jul-27 Nov-27 Mar-28 Jul-28 Nov-28 Mar-29 Jul-29 Nov-29 Mar-30 Kupe - equity Kupe - contracted Kupe - ROFR Third party contract
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FUNDING TOOLKIT Genesis Energy FY26 Results 32 Credible funding options, enabling diversification and value realisation within key financial settings Genesis welcomes the clarity from the Government’s response to the Frontier report, and is well positioned to support many of the Government’s objectives and priorities through Gen35 Debt capacity Prudent, affordable and timely borrowing that enables value capture from on-balance sheet propositions, with close management of opportunities and risks Asset recycling Strategic assessment of capital optimisation opportunities to unlock higher-value uses Partnerships and joint ventures Partnering structures with potential for equity investment that considers synergies, governance and targeted value capture Contractual offtake Capital-light commercial arrangement to secure generation or supply to meet demand or enable a value chain New equity Strategic growth acceleration with resilience that considers business cycle, commercials and market conditions Funding toolkit
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FY26: OPERATIONAL EXCELLENCE Genesis Energy FY26 Results 33 Margin Quality, Cost Discipline, Strong Capital Management 100% 99.8% pcp 92.3% 92.9% pcp 92.9% 98.1% pcp 100% 98.8% pcp Generation 3,092 GWh 2,588 GWh pcp 505 GWh 1,704 GWh pcp 1,077 GWh 1,850 GWh pcp 51 GWh 59 GWh pcp SIB CAPEX $55.0m $38.0m pcp $32.7m $9.8m pcp $1.3m $11.2m pcp $Nil $0.5m pcp Hydro Schemes Unit 6Unit 5Rankine Units Start Reliability Generation SIB CAPEX
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MAJOR PLANT OVERHAULS AND UPGRADES Genesis Energy FY26 Results 34 Huntly Unit 2 Cold Survey Major overhaul to recertify the unit and ensure reliability to support HFOs Huntly Unit 2 & Unit 4 Transformer Replacement Lifecycle replacement of original Rankine unit generator step up transformers Rankine DCS Upgrade Significant improvements in cyber security, supportability and system reliability and aligns to new safety standards. Kaitawa Unit 6 & Unit 7 Gen Replacement & Turbine Overhaul Replacement of the 75 year old generators and lifecycle remedial work Rangipo Unit 6 Turbine Overhaul & Governor Replacement 10-year overhaul as part of the asset management lifecycle to maintain reliability. The project also included refurbishment of the main inlet valve Rangipo Dam Sluice Gate Refurbishment Work on the three gates forming the structure to ensure safe and reliable operation for the next 25 years. First gate successfully completed with work ongoing on the remaining two Piripaua Penstocks External Coating External recoating to extend the life of the penstocks, new paint system being utilised which enables application while generating Kaitawa Penstocks Internal Coating Internal recoating to extend the life of the penstocks, the project also included an overhaul of the main inlet valve Tokaanu Intake Screen Cleaner Upgrade Protects the generator and increases efficiency by removing lake weed before the water enters the penstock to produce electricity in the Power Station
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RECONCILIATION OF REPORTED TO NORMALISED INFORMA TION Genesis Energy FY26 Results 35 • The Group’s Disclosure of Non-GAAP Performance Measures policy (“policy”) determines the framework within which non-GAAP financial information is determined, reported and utilised • The Group’s objective in preparing normalised financial information is to enable the investment community to better understand the Group’s underlying operational performance. The Group achieves this objective by providing information that: o is representative of Genesis Energy’s underlying performance as a potential indicator of future performance; o enables comparison across financial periods; and o can assist with comparison between publicly listed energy companies in New Zealand. • Non-GAAP information is prepared in accordance with the Board approved policy, and any adjustments under the policy are approved by the Board. • Application of the Group’s “Disclosure of Non-GAAP Performance Measures Policy” is consistent with the Board-approved approach. Non-GAAP Financial Information FY25 ($M) COMMENT REVENUE GROSS MARGIN EXPENSES EBITDAF NPAT Reported 3,662.1 863.5 (409.2) 454.3 169.1 Crown Royalty Provision Adjust non-routine royalties’ settlement provision for Kupe Venture Limited - PML 38146 - - 11.7 11.7 8.4 Organisational Restructure Adjust non-routine costs incurred from organisation restructure - - 2.4 2.4 1.7 Acquisition Costs Adjust non-routine costs associated with the acquisitions of ChargeNet and Ecotricity - - 2.0 2.0 1.4 Normalised 3,662.1 863.5 (393.1) 470.4 180.6 FY26 ($M) COMMENT REVENUE GROSS MARGIN EXPENSES EBITDAF NPAT Reported 2,831.6 949.1 (431.1) 518.0 84.5 Crown Royalty Provision Adjust non-routine royalties’ settlement provision for Kupe Venture Limited - PML 38146 - - 2.4 2.4 1.7 Organisational Restructure Adjust non-routine costs incurred from organisation restructure - - 1.0 1.0 0.7 Acquisition Costs Adjust non-routine costs associated with the acquisition of Rangiriri Solar Development - - 0.8 0.8 0.6 Normalised 2,831.6 949.1 (426.9) 522.2 87.5
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FY26 FY25 VARIANCE ELECTRICITY GROSS MARGIN VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M Retail Sales Residential 2,809 GWh $349 982 3,005 GWh $306 921 (195) GWh $43 61 Retail Sales SME 936 GWh $329 308 1,010 GWh $279 281 (74) GWh $51 27 Retail Sales C&I 1,643 GWh $237 389 1,782 GWh $217 386 (138) GWh $20 3 Retail Sales Ecotricity 863 GWh $311 268 492 GWh $288 142 371 GWh $23 127 Wholesale Sales 4,875 GWh $92 449 6,245 GWh $236 1,473 (1,370) GWh ($144) (1,024) Derivatives Settlement (15) 63 (78) Ancillary Revenue 4 8 (4) Total Revenue 2,386 3,275 (889) Generation Costs (Thermal) 1,632 GWh $167 273 3,613 GWh $142 512 (1,981) GWh ($25) 240 Generation Costs (Renewable) 3,092 GWh - - 2,594 GWh - - 499 GWh - - Retail Purchases 6,701 GWh $85 573 6,617 GWh $210 1,393 84 GWh ($125) (820) Transmission and Distribution 10,977 GWh $71 784 12,496 GWh $55 685 (1,519) GWh $17 99 Ancillary Costs 4 9 5 Total Direct Cost 1,632 2,599 (967) Electricity Gross Margin 753 676 78 GAS GROSS MARGIN VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M Retail Sales 4.9 PJ $49.2 241 6.8 PJ $40.0 273 (1.9) PJ $9.2 (32) Wholesale Sales 4.0 PJ $11.2 45 1.9 PJ $7.9 15 2.1 PJ $3.3 30 Emission Unit Revenue (Gas) 6 5 1 Total Revenue 292 292 (0) Gas Purchases 8.9 PJ $13.6 121 8.7 PJ $13.6 119 0.2 PJ $0.1 2 Transmission and Distribution 8.9 PJ $10.8 96 8.7 PJ $12.0 105 0.2 PJ ($1.2) (8) Emissions Unit Cost (Gas) 28 19 9 Total Direct Cost 245 242 3 Gas Gross Margin 46 50 (4) FINANCIAL METRICS Genesis Energy FY26 Results 36 Notes: Reported numbers have been rounded and might not appear to add or multiply.
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FY26 FY25 VARIANCE LPG GROSS MARGIN VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M Retail Sales 39,895 T $2,906 116 42,591 T $2,618 112 (2,696) T $288 4 Wholesale Sales 1,692 T $1,013 2 3,826 T $1,062 4 (2,134) T ($49) (2) Emission Unit Revenue (LPG) 4 4 (0) Total Revenue 121 120 2 LPG Purchases 41,587 T $1,309 54 46,417 T $1,065 49 (4,830) T $244 5 Emissions Unit Cost (LPG) 7 5 2 Total Direct Cost 62 55 7 LPG Gross Margin 60 65 (5) OTHER GROSS MARGIN $M $M $M Other Revenue 4 14 (10) Other Costs (10) (14) 4 Total Other Gross Margin (6) - (6) Total Gentailer Gross Margin 854 790 64 FINANCIAL METRICS Genesis Energy FY26 Results 37 Notes: Reported numbers have been rounded and might not appear to add or multiply.
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FINANCIAL METRICS Genesis Energy FY26 Results 38 Notes: Reported numbers have been rounded and might not appear to add or multiply. FY26 FY25 VARIANCE KUPE GROSS MARGIN VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M VOLUME RATE PER UNIT $M Oil Sales 134 Kbbl $136.3 18 160 Kbbl $111.8 18 (26.5) Kbbl $24.5 0 Gas Sales 5.5 PJ $13.5 74 6.6 PJ $8.2 54 (1.1) PJ $5.3 20 LPG Sales 24,688 T $675 17 28,860 T $548 16 (4,172) T $127 1 Other and Emissions Revenue 22 10 12 Direct Costs (36) (25) (11) Kupe Gross Margin 95 73 22 EBITDAF $M $M $M Total Gentailer Gross Margin 854 790 64 Kupe Gross Margin 95 73 22 Genesis Energy Limited Gross Margin 949 864 85 Operating Expenses Employee Benefits 175 166 9 Other Operating Expenses 229 206 23 Kupe Operating Expenses 26 37 (11) Genesis Energy Operating Expenses 431 410 21 EBITDAF 518 454 64
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FINANCIAL STATEMENTS Genesis Energy FY26 Results 39 Notes: (1) Net Debt: drawn Borrowings, less Cash, less Fair Value Adjustments; fair value adjustments total reported $53.8m at Jun26 (Jun25: $60.9m); (2) Based on banking covenant methodology (under which green capital bonds and related interest costs are trea ted as 50% equity); (3) Debt Leverage Ratio: Adjusted Net Debt/EBITDAF (12 months preceding). Adjusted net debt represents net debt less 50% of capital bonds; plus rehabilitation & re storation provision nm = not meaningful. INCOME STATEMENT ($M) FY26 FY25 VARIANCE Revenue 2,831.6 3,662.1 (23)% Expenses (2,303.4) (3,265.0) (29)% Depreciation, Depletion & Amortisation (247.5) (239.1) 4% Impairment of Non-Current Assets (0.6) (0.9) nm Fair Value Change (123.3) 146.9 nm Revaluation of Generation Assets 24.9 (5.6) nm Other Gains (Losses) (0.5) 6.7 nm Share in associate & joint ventures 5.9 (0.8) nm Earnings Before Interest & Tax 187.1 304.3 (39)% Interest (64.7) (76.4) (15)% Tax (37.9) (58.8) (36)% Net Profit After Tax 84.5 169.1 (50)% Earnings Per Share (cps) 7.26 15.5 (53)% Dividends Per Share (cps) 14.88 14.30 4% Reported EBITDAF 518.0 454.3 14% Normalised EBITDAF 522.2 470.4 11% CASH FLOW SUMMARY ($M) FY26 FY25 VARIANCE Net Operating Cash Flow 510.9 311.7 64% Net Investing Cash Flow (279.9) (239.8) 17% Net Financing Cash Flow (166.9) (183.7) (9)% Net Increase (Decrease) in Cash 64.1 (111.8) nm BALANCE SHEET ($M) FY26 FY25 VARIANCE Cash and Cash Equivalents 145.1 81.0 79% Other Current Assets 752.5 858.3 (12)% Non-Current Assets 5,025.8 5,162.7 (3)% Total Assets 5,923.4 6,102.0 (3)% Total Borrowings 1,138.5 1,489.8 (24)% Other Liabilities 1,796.5 1,636.3 10% Total Liabilities 2,935.0 3,126.1 (6)% Net Debt(1) 939.6 1,347.8 (30)% EBITDAF Interest Cover(2) 12.8x 8.3x 54% Debt Leverage Ratio(3) 1.6x 2.6x (38)%
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RETAIL KEY INFORMATION FY26 FY25 VARIANCE Customers with > 1 Fuel 135,740 127,278 6.6% Electricity Only Customers 312,864 341,958 (8.5)% Gas Only Customers 9,371 15,671 (40.2)% LPG Only Customers 32,252 35,612 (9.4)% Total Customers 490,227 520,519 (5.8)% Total Electricity, Gas and LPG ICPs 705,523 733,410 (3.8)% Volume Weighted Average Electricity Selling Price - Resi ($/MWh) 346.7 306.4 13.2% Volume Weighted Average Electricity Selling Price - SME ($/MWh) 326.7 278.5 17.3% Volume Weighted Average Electricity Selling Price - C&I ($/MWh) 232.9 216.7 7.5% Volume Weighted Average Electricity Selling Price - Ecotricity ($/MWh) 319.2 288.1 10.8% RETAIL NETBACK BY SEGMENT & FUEL FY26 FY25 VARIANCE Residential - Electricity ($/MWh) 170.5 147.8 15.4% Residential - Gas ($/GJ) 30.1 23.8 26.5% Bottled - LPG ($/tonne) 1,702.1 1,861.8 (8.6)% SME - Electricity ($/MWh) 175.5 146.5 19.8% SME - Gas ($/GJ) 25.6 22.3 14.8% SME – LPG ($/tonne) 1,864.2 1,365.4 36.5% C&I - Electricity ($/MWh) 177.3 169.5 4.6% C&I - Gas ($/GJ) 26.0 24.2 7.4% Bulk - LPG ($/tonne) 1,263.5 1,171.8 7.8% Ecotricity - Electricity ($/MWh) 188.3 168.2 12.0% CHARGENET KEY INFORMATION FY26 FY25 VARIANCE Number of charging sessions (thousands) 909 766 18.7% Number of DC charge points, owned & third party 602 516 16.7% Capacity of DC charge points, owned & third party (MW) 39 31 25.8% OPERATIONAL METRICS Genesis Energy FY26 Results 40
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GLOSSARY Genesis Energy FY26 Results 41 ELECTRICITY Retail Sales Residential Sales of electricity to residential customers Retail Sales SME Sales of electricity to small business customers Retail Sales C&I Sales of electricity to commercial and industrial customers Retail Sales Ecotricity Sales of electricity to Ecotricity customers CONDEF Total contract position, including customer demand and financial contracts Wholesale Sales Sale of generated electricity and residential rooftop solar onto the spot market, excluding PPA settlements and ancillary revenue Total Derivative Settlements Net settlement of electricity derivatives including PPAs, hedges, options, market making obligations and discretionary trading Generation Costs (Thermal & Hydro) Direct generation costs, inclusive of fuels and carbon Retail Purchases Purchases of electricity on spot market for retail customers Transmission & Distribution Costs Total electricity transmission and distribution costs, connection charges, electricity market levies and meter leasing. Excludes residential rooftop solar volumes GAS Retail Sales Sales of gas to retail customers Wholesale Sales Sales of gas to wholesale customers Gas Cost Purchase of gas for sale (excludes gas used in electricity generation) Transmission & Distribution Costs Total gas transmission and distribution costs, gas levies and meter leasing LPG Retail Sales Sales of LPG to retail customers Wholesale LPG Sales Sales of LPG to wholesale customers LPG Cost Purchase of LPG for sale KUPE Oil Sales Sale of crude oil Gas Sales Sale of gas LPG Sales Sale of LPG RETAIL Brand Net Promoter Score Based on survey question “How likely would you be to recommend Genesis/ Frank Energy to your friends or family?” Calculated on 3 month rolling basis. Interaction Net Promoter Score Based on survey question “Based on your recent interaction with Genesis/Frank, how likely would you be to recommend Genesis/Frank to your family/friends?” Calculated on 3 month rolling basis. Customers Electricity, gas and LPG customers are defined by single customer view, regardless of number of connections (ICP’s) Single Customer View Represents unique customers which may have multiple ICPs ICP Installation Connection Point, a connection point that is both occupied and has not been disconnected (Active-Occupied) Gross Customer Churn Defined as residential customers instigating a trader switch or home move Net Customer Churn Defined as percentage of residential customers that finalise in a period. Resi, SME, C&I Residential, small and medium enterprises and commercial & industrial customers B2B Business to Business, including both SME and C&I Netback ($/MWh, $/GJ, $/tonne) Customer EBITDAF by fuel type plus respective fuel purchase cost divided by total fuel sales volumes, stated in native fuel units (excluding corporate allocation costs and Technology & Digital cost centre)
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WHOLESALE Generation Emissions Carbon emissions due to coal and gas electricity generation Rankine Output Electricity generated in the Huntly Rankine units Rankine’s Fuelled by Coal (%) The proportion of coal used in the Rankine units Total Coal Purchases (PJ) Coal purchases have been converted from tonnes to PJ using the shipments’ Calorific Value Weighted Average Gas Burn Cost ($/GJ) Total cost of gas burnt divided by generation from gas fired generation, excluding emissions Coal Used In Internal Generation (PJ) Results may be revised to reflect changes in coal kilo tonnes to PJ conversion rate and volume methodology. Weighted Average Coal Burn Cost ($/GJ) Total cost of coal burnt divided by generation from coal fired generation, excluding emissions Operational Coal Stockpile – closing balance (kt) The coal stockpile closing balance in tonnes at Huntly Power Station, less the Security Products Stockpile. Security Products Stockpile – closing balance (kt) Refers to Huntly Firming Option (HFO) and Market Security Options (MSO). Stored energy refers to virtual stockpile volumes ordered by counterparties and is expressed in kilotonnes of coal equivalents as at period end. POWER PURCHASE AGREEMENTS (WIND / SOLAR) Electricity (GWh) Energy purchased through long term agreements with generator Average Price Received for Generation - GWAP ($/MWh) Price received at production node CORPORATE Total Recordable Injuries 12-month rolling Total Recordable Injuries including Lost Time Injuries, Restrictive Work Injuries and Medical Treatment Injuries Employees FTE Number of full-time equivalent employees, excluding those on parental leave or a career break Contractors FTE Number of full-time equivalent contractors, excluding statement of work contractors. Core FTE Number of full-time equivalent employees and contractors excluding those working on time-bound digital projects. Digital Projects FTE Number of full-time equivalent employees and contractors working on time-bound digital projects. Total FTE Total number of full-time equivalent employees, including contractors, excluding employees on parental leave or a career break KUPE Oil Production Production of crude oil Oil Price realised (USD/bbl.) The underlying benchmark crude oil price that is used to set the price for crude oil sales LPG Production Production of LPG GLOSSARY Genesis Energy FY26 Results 42
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NGĀ MIHI Contact Michael Hunter General Manager Investor Relations & Corporate Valuation +64 21 073 1603