Genesis Energy Limited · NZX:GNE
Genesis Energy — Shareholder Meeting (September 2017)
28 slides from Genesis Energy's shareholder meeting presentation, Sep 20, 2017
Slide 1: 2017 Annual Shareholder Meeting
2017 Annual Shareholder Meeting 20 September 2017 G E N E S I S E N E R GY L I M I T E D
Slide 2: With you, for you
With you, for you 2 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 3: Dame Jenny Shipley, Chair
Dame Jenny Shipley CHAIR 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 4: Agenda
Agenda Chair Chief Executive address address Dame Jenny Shipley Marc England CHAIR CHIEF EXECUTIVE Shareholder Resolutions questions and voting LY D I A G E N E T S I V F JA E R E S TA D GENESIS F E AT H E R S TO N C O M M U N I T Y C E N T R E 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G
Slide 5: Your board of directors
Your board of directors — bringing a wide range of experience and outlooks to governance Dame Jenny Shipley Joanna Perry Paul Zealand Tim Miles John Leuchars Mark Cross Doug Mckay Maury Leyland 5 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 6: Successful and strong governance
Sucessful and strong governance — bringing a broad range of skills and experience Board skills matrix EXPERIENCE SKILLS BOARD TENURE Electricity sector Corporate finance Executive leadership and strategy 37.5 Oil and gas sector Telco and digital Financial acumen 12.5 Banking and financial Sales and
Slide 7: Your company
Your company — our purpose is to reimagine energy to put control in our customers’ hands EBITDA Acquisitions m FY16 335m net profit after tax FY16 184m m m FY17 Total dividend % total cps M R YA N G shareholders return FY16 16.4cps A GENESIS BUSINESS C U S TO M E R I N AU C K L A N D b net profit af
Slide 8: Acquisitions laying the foundations for sustainable growth
Acquisitions laying the foundations for sustainable growth Acquisition of Nova Energy Acquisition of additional 15% of retail LPG business positions Kupe secured greater flexibility Genesis as a leading player in over future gas supply the growing LPG market 8 . 2 0 1 7 A N N UA L S H A R E H O L D
Slide 9: The energy market continues to evolve
The energy market continues to evolve — we are looking to take a leading role in a dynamic market We are intent on becoming an energy manager, giving our customers the comfort, control and convenience they want. 9. 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1
Slide 10: Dividends
Dividends — policy remains to grow dividends in real terms over time GENESIS DIVIDEND & PAYOUT HISTORY 200 100% 180 81% 81% 84% 90% TOTAL 80% % OF FREE DIVIDENDS 160 73% 80% CASH FLOW PAID 140 160 164 166 70% ($MILLIONS) 120 60% 130 100 50% 114 80 40% Total 60 30% Dividends Paid 40 20% Total Dividen
Slide 11: Doing good in our communities
Doing good in our communities — our social license is an important part of what we do We care about the environments in which we operate and the communities that help sustain our success 1 1 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 12: Chief Executive address
Chief Executive address Marc England CHIEF EXECUTIVE 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 13: Why Genesis?
Why Genesis? 1. Delivering a cohesive 2. Ensuring security of 3. Creating value 4. Agile culture embracing customer experience supply in a volatile through an integrated and leading change with 3 products on one renewable market fuel position technology platform 2 0 1 7 A N N UA L S H A R E H O L D
Slide 14: Why Genesis? — 3 products on one technology platform
Why Genesis? — 3 products on one technology platform Strong growth Joined Fly Buys May 2017 in Energy Online Delivering lower customer churn, a Energy insights superior and simplified Simplified bottled gas pilot completed customer experience, pricing supported strong with 14% LPG organic growth and
Slide 15: Why Genesis? — ensuring security of supply
Why Genesis? — ensuring security of supply The largest and most % flexible thermal site, helping to ensure the year lights remain on and Huntly supported Carbon emissions Bilateral Resource consents renewable resources New Zealand through down 33% arrangements granted at Huntly to can be maximised a
Slide 16: Why Genesis? — integrated and diverse fuel position
Why Genesis? — creating value through on integrated and diverse fuel position Capturing the full value chain on our fuel supply, supporting our wholesale and customer activities 1 6 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 17: Why Genesis? — innovation through an agile culture
Why Genesis? — delivering innovation for our customers through an agile culture New Zealand’s We have over 150 first research and people working development in agile squads, community combining people from across the company Employees working in agile environment in the business First Customer and W
Slide 18: A start-up with heritage
A start - up with heritage Harnessing the power of our traditional assets, and injecting it with new ways of putting the customer first 1 8 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 19: Conclusion
Conclusion 1 9. 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 20: Shareholder questions
Shareholder questions LY D I A G E N E T LO CA L E N E R GY P R O J E C T C O M M U N I T Y L I A I S O N 2 0 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 21: Resolutions and voting
Resolutions and voting RICHARD AND ANGEL A ESPLEY G E N E S I S D UA L F U E L C U S TO M E R S 2 1 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 22: Resolution one — Election of Mark Cross
Resolution one — Election of Mark Cross 2 2 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 23: Resolution one — Election of Mark Cross
Resolution one — Election of Mark Cross PROXY VOTING NUMBER OF % OF ALL VOTES SECRUITIES VOTED Votes For 172,018,958 17.20% Votes Against 1,141,538 0.11% Discretionary Votes* 514,337,285 51.43% Abstain 1,458,091 0.15% Total Votes 688,955,872 68.89% * Discretionary/open votes held by the Chairman of
Slide 24: Resolution two — Election of Doug McKay
Resolution two — Election of Doug McKay 2 4 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 25: Resolution two — Election of Doug McKay
Resolution two — Election of Doug McKay PROXY VOTING NUMBER OF % OF ALL VOTES SECRUITIES VOTED Votes For 173,086,139 17.31% Votes Against 91,558 0.01% Discretionary Votes* 514,341,770 51.43% Abstain 1,436,405 0.14% Total Votes 688,955,872 68.89% * Discretionary/open votes held by the Chairman of the
Slide 26: Resolution three — Election of John Leuchars
Resolution three — Election of John Leuchars 2 6 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
Slide 27: Resolution three — Election of John Leuchars
Resolution three — Election of John Leuchars PROXY VOTING NUMBER OF % OF ALL VOTES SECRUITIES VOTED Votes For 172,315,099 17.23% Votes Against 837,223 0.08% Discretionary Votes* 514,343,590 51.43% Abstain 1,459,960 0.15% Total Votes 688,955,872 68.89% * Discretionary/open votes held by the Chairman
Slide 28: Please join us for morning tea
Please join us for morning tea 2 8 . 2 0 1 7 A N N UA L S H A R E H O L D E R M E E T I N G | 2 0 S E P T E M B E R 2 0 1 7
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