Genesis Energy (GNE) presentation summary

Strategic vision and mission

• Focus on powering a sustainable and thriving Aotearoa, balancing people, profit, and planet priorities.

• Commitment to net zero by 2040 and delivering 8,300 GWh of renewables.

• Emphasis on customer empowerment, flexible energy solutions, and technology-driven transformation.

• Values center on care, courage, and connection to communities and the environment.

Financial and operational targets

• Targeting mid-$500m EBITDAF by FY28 through initiatives in billing, CRM, and renewables.

• Aiming for 150 MW of customer flexibility and 30% of EV owners as customers by FY28.

• Developing up to 500 MW of solar and 300 MW of wind, with 100 MW/200 MWh BESS operational at Huntly.

• Achieved $16m uplift in gross margin and 13% reduction in core FTE year-on-year.

Retail and technology transformation

• Retail operating model overhaul with a 200 FTE reduction targeted by FY26.

• Billing and CRM re-platforming underway, with Frank brand launch in late FY25 and Genesis by end FY27.

• Technology investments focused on digitization, cost optimization, and leveraging world-class partners.

• Opex reduction in technology on track, with core projects prioritized and governed centrally.