Genesis Energy (GNE) Investor presentation summary

Strategic direction and transition plans

• Targeting net zero by 2040, with a focus on electrification, renewables, and flexible assets to support reliability and decarbonization.

• Plans to deploy $1.1 billion in new renewable energy projects by FY30, aiming for 8,300 GWh renewable generation by 2035.

• Emphasizing customer-led transition, including products to switch gas use to electricity and championing electric lifestyles.

• Huntly site to provide up to 1,400 MW of flexible generation, including biomass, gas, and batteries.

• Three-horizon approach: near-term operational improvements, mid-term accelerated transitions, and long-term future state.

Financial and operational targets

• Group EBITDAF targeted at mid $500 millions by FY28, with debt/EBITDAF ratio ≤2.5.

• Operating expenditure goal of $361 million and #1 brand equity in the energy market.

• Up to 200 MWh of battery operational at Huntly by FY28; biomass use to exceed coal use.

• 500 MW of solar developed and operational in JV structure by FY28.

• Net zero targets submitted and approved by SBTi.

Governance and leadership

• Board and committees fully compliant with NZX Governance Code; policies reviewed regularly and benchmarked.

• Board skills matrix covers strategy, governance, finance, sustainability, technology, and stakeholder engagement.

• Executive remuneration linked to strategy, performance, and sustainability, with 20% of LTI tied to science-based targets.

• Directors’ fees total $1,072,950, last approved in 2021.

• Leadership team brings extensive experience in energy, finance, technology, and transformation.