Q3 FY17 PERFORMANCE UPDATEQUARTER HIGHLIGHTS
- 20,000 40,000 60,000 80,000
DAY 1
WEEK 1
WEEK 2
FLY BUYS PRE-REGISTRATION
12,000
14,000
16,000
18,000
20,000
Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Q2 FY17 Q3 FY17
LPG CUSTOMERS
70t of Bobtail
deliveries
Total hydro generation
Up 16.5 % on Q3 FY16
Q3 FY17 PERFORMANCE UPDATE
We’re really excited to be offering the Fly Buys benefits for customers including, for the first time, Fly Buys points on dual fuel bills for electricity and bottled gas.
Genesis Energy moved further towards its customer-centric focus with the announcement that it will be joining the Fly Buys programme from May 2017 as part of its strategy on rewarding customer loyalty. The attraction of the programme has already been evidenced by over 60,000 customers pre-registering in the short time since it was announced. Whilst demand was lower during the period, prices increased in both the mass and TOU markets whilst LPG customer growth continued its strong momentum up 4.7% on Q2 FY17.
Hydro inflows continue to dominate the New Zealand market, particularly in the North Island, and Genesis Energy benefitted with hydro generation up 16.5% on Q3 FY16. National storage levels have moderated towards long term averages but the above average rainfallsaw suppressed wholesale prices continue with the GWAP down 23.2%. Offsetting this was the weighted average fuel cost declining by 22.0% with no requirement to run the Rankines during the quarter.
Genesis Energy invested in long term value creation with the increased ownership in the Kupe Joint Venture to 46% effective from 1 January 2017. This increased position led to higher production in the quarter, with gas production up 0.5PJ on Q3 FY16. The joint venture has moved towards larger and less frequent oil shipments to seek cost benefits from economies of scale whilst oil pricesremained consistently higher than the comparable period last year.
3
A significant step forward towards customer centricity
Q3 FY17 Performance Summary
“
“Customer Segment
Wholesale Segment
Kupe Segment
- James Magill - EGM Product Marketing
Q3 FY17 PERFORMANCE UPDATE 4
• The launch of Flybuys in early March has already seen significant momentum with over 60,000 pre-registrations at the end of the quarter. Genesis Energy has a number of exciting initiatives underway to leverage value from the programme for customers
• Mass market electricity sales were down 3.7% on Q3 FY16, driven by a decrease in national demand of 0.7% combined with a reduction in ICPs. However prices were up 1.3%
• Time of Use ‘TOU’ electricity sales were up 9.1% on prior year reflecting volume gained from new customers and connections from the Spark contract
• Genesis Energy is disclosing retail netback for the first time this quarter, which was relatively flat on the prior comparable period
• A positive trend in Genesis Energy Net Promoter score continues for both brands which is also reflected in increased customer satisfaction
Customer Segment Performance
Mar
-14
May
-14
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
t-1
6
No
v-1
6
Jan
-17
Mar
-17
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
%
NET PROMOTER SCORE
Genesis Energy Energy Online
Price increases underpin a solid quarter
Jun
-12
Sep
-12
De
c-1
2
Mar
-13
Jun
-13
Sep
-13
De
c-1
3
Mar
-14
Jun
-14
Sep
-14
De
c-1
4
Mar
-15
Jun
-15
Sep
-15
De
c-1
5
Mar
-16
Jun
-16
Sep
-16
De
c-1
6
Mar
-17
GROSS MONTHLY SALES BY ACQUISITION CHANNEL
Door-to-door Outbound Online Kiosks
Q3 FY17 PERFORMANCE UPDATE 5
• Q3 FY17 saw the launch of the Local Energy Project, New Zealand’s first real world research and development energy community. The launch has been extremely successful to date, with several sales of solar and batteries completed, 50 customers at quote stage and another 150 with registered interest
• Hiring of the SME field force was complete at end of Q3 FY17 to support focus on growth in this segment. Some early wins have already been delivered with the inclusion of approximately 3,000 new ICPs from Spark during the quarter
• Genesis Energy’s new bobtail truck delivered 70tonnes of LPG to customers supporting the bulk segment and is now 79% utilised whilst LPG residential 45kg market share continues to grow, currently at 9.6% compared to 8.5% in Q3 FY16
Customer Segment Performance
Momentum continues in the ‘Innovate’ strategic priority
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
3.2
3.4
3.6
3.8
4.0
4.2
4.4
4.6
De
c-1
5
Jan
-16
Feb
-16
Mar
-16
Ap
r-1
6
May
-16
Jun
-16
Jul-
16
Au
g-1
6
Sep
-16
Oct
-16
No
v-1
6
De
c-1
6
Jan
-17
Feb
-17
Mar
-17
Market Share %KilotonnesRolling 12m Sales
Rolling 12m Market Share (RHS)
Source: Genesis Energy/LPGA/MBIE
ESTIMATED RESIDENTIAL LPG 45KG MARKET SHARE BY VOLUMES
Q3 FY17 PERFORMANCE UPDATE 6
• Wet weather in the North Island supported increased hydro generation with Genesis Energy’s total hydro generation increasing 16.5% on the prior comparable quarter
− National storage levels have now moderated back ending the quarter at 97% of long term average due to below average inflows in the South Island
− Tekapo storage levels are at 81% of the long run average whilst Waikaremoana storage levels are at 136% of the long run average
• The use of hydro generation meant the Huntly Rankine units were not used during the quarter
• The dominance of renewable generation in the New Zealand market from continued high storage levels has further supressed the average price received for generation (GWAP) to $52/MWh for Q3 FY17, a 23% decline on Q3 FY16. Offsetting this is a 22% drop in the weighted average fuel cost of $31.61/MWh
Wholesale Segment Performance
0100200300400500600700
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Sep
-16
No
v-1
6
Jan
-17
Mar
-17
Coal Gas
COAL vs GAS USE IN RANKINES
GWh
2,000
2,500
3,000
3,500
4,000
4,500
Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
NEW ZEALAND DAILY STORAGE
91 year Average 12month Rolling
A wet third quarter in the North Island
Q3 FY17 PERFORMANCE UPDATE 7
• Gas production of 2.4PJ was up 0.5 PJ on Q3 FY16 reflecting the added contribution of 0.8PJ from the newly acquired 15% interest. On a comparable basis production was down 0.3 PJ due to additional gas purchased in Q3 FY16 as a substitute to coal use in the Rankines
• One oil shipment occurred in the quarter. Genesis Energy’s share was 113kbbls, of which 31kbbls was inventory from the acquisition of the 15% NZOG interest. The joint venture has sought cost benefits from economies of scale by shipping larger cargoes less frequently
• LPG sales in Q3 FY17 amounted to 9.7kt which is down 1.1kt from a combination of lower gas production and reduced yields. LPG yields are lower than expected as the joint venture prepares to rebuild propane compressors before the end of the financial year
• Brent Crude oil prices for Q3 FY17 have been consistently higher than prior year, with the Q3 FY17 average price of $53.78 being 59% above Q3 FY16
• Oil sales volumes for the remainder of FY2017 are 86% hedged at US$57.90/bbl
Kupe Segment Performance
$20
$30
$40
$50
$60
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
USD/bbl
BRENT CRUDE OIL PRICE
FY2017 FY2016
First quarter of 46% ownership
0
5
10
15
20
25
30
0
2
4
6
8
Q1
FY1
2
Q2
Q3
Q4
Q1
FY1
3
Q2
Q3
Q4
Q1
FY1
4
Q2
Q3
Q4
Q1
FY1
5
Q2
Q3
Q4
Q1
FY1
6
Q2
Q3
Q4
Q1
FY1
7
Q2
Q3
PJ
PJ
TOTAL JV KUPE GAS PRODUCTION (PJ)Quarterly Production Volumes Rolling 12 months production volumes (RHS)
Q3 FY17 PERFORMANCE UPDATE 8
• As part of its innovation and customer-centric focus Genesis Energy held its inaugural ‘Hackathon’ in March. This brought together over 120 employees in an internal innovation competition, with 11 teams in 48 hours creating several new exciting concepts around the proposition of “reimagining the customer experience through the use of mobile and/or digital technologies”, some of which will now be progressed to development
• Genesis Energy also continued its long term partnership with the Department of Conservation around protection of the endangered Whio (blue duck) with Whio Awareness month in March
• During Q3 FY17, there were two medically treated injuries. The total recordable injury frequency rate (TRIFR) remains at historically low levels down 42% on the previous quarter
Other Company Highlights
0.65
0.37
0
2
4
6
8
10
0.0
0.5
1.0A
ctu
al In
juri
es
Fre
qu
en
cy R
ate
Lost Time MedicalRestricted Work Employee TRIFR
SAFETY STATISTICS
Q3 FY17 PERFORMANCE UPDATE 9
Metrics
CORE Q3 FY17 Q3 FY16 % Change Var. YTD FY17 YTD FY16 % Change Var.
CUSTOMER
Volume Weighted Average Electricity Selling Price - MM ($/MWh) $247.31 $244.05 1.3% $3.27 $241.41 $237.47 1.7% $3.93
Volume Weighted Average Electricity Selling Price - TOU ($/MWh) $114.29 $110.81 3.1% $3.48 $116.06 $111.19 4.4% $4.88
Mass Market Electricity Sales (GWh) 882 916 -3.7% (34) 3,200 3,310 -3.3% (109)
TOU Electricity Sales (GWh) 354 324 9.1% 30 947 945 0.2% 2
Electricity Sales - Retail (GWh) 1,235 1,240 -0.4% (5) 4,147 4,255 -2.5% (108)
Electricity Sales - Wholesale (GWh) 453 372 21.6% 81 1,411 1,230 14.7% 181
Electricity Purchases - Retail (GWh) 1,312 1,314 -0.2% (2) 4,377 4,482 -2.3% (105)
Electricity Purchases - Wholesale (GWh) 296 244 21.5% 53 1,029 862 19.3% 167
Average Retail Electricity Purchase Price - LWAP ($/MWh) $52.01 $68.25 -23.8% ($16.24) $53.01 $64.02 -17.2% ($11.02)
LWAP/GWAP Ratio (%) 100% 101% -0.8% -1% 100% 100% -0.3% 0%
Volume Weighted Average Gas Selling Price ($/GJ) $36.45 $37.23 -2.1% ($0.78) $27.49 $27.03 1.7% $0.46
Mass Market Gas Sales (PJ) 0.6 0.5 10.5% 0.1 3.1 3.1 0.7% 0.0
TOU Gas Sales (PJ) 0.6 0.6 -9.2% -0.1 2.4 2.3 0.5% 0.0
Retail Gas Sales (PJ) 1.2 1.2 -0.4% 0.0 5.4 5.4 0.6% 0.0
Retail Gas Purchases (PJ) 1.2 1.2 -0.4% 0.0 5.5 5.5 1.1% 0.1
Q3 FY17 PERFORMANCE UPDATE 10
Metrics
CORE Q3 FY17 Q3 FY16 % Change Var. YTD FY17 YTD FY16 % Change Var.
GENERATION
Gas (GWh) 718 887 -19.0% (169) 2,150 2,367 -9.2% (217)
Coal (GWh) - 173 -100.0% (173) 53 626 -91.6% (573)
Total Thermal (GWh) 718 1,060 -32.3% (342) 2,203 2,993 -26.4% (790)
Hydro (GWh) 689 592 16.5% 98 2,302 2,022 13.9% 280
Wind (GWh) 5 6 -8.2% (0) 17 19 -11.2% (2)
Total Renewable (GWh) 694 597 16.3% 97 2,319 2,041 13.6% 278
Total Generation (GWh) 1,412 1,657 -14.8% (245) 4,522 5,034 -10.2% (512)
Average Price Received for Generation - GWAP ($/MWh) $52.07 $67.79 -23.2% ($15.72) $52.96 $63.75 -16.9% ($10.79)Generation Emissions (ktCO2) 287 555 -48.2% (267) 948 1,626 -41.7% (678) Generation Carbon Intensity (tCO2/GWh) 203 335 -39.2% (131) 210 323 -35.1% (113)
WHOLESALE
Gas Purchases (PJ) 9.9 11.0 -9.6% -1.1 33.2 35.0 -5.2% -1.8
Coal Purchases (PJ) 0.0 0.0 0.0% 0.0 0.1 3.0 -98.2% -2.9
Wholesale Gas Sales (PJ) 3.3 2.8 16.7% 0.5 11.3 11.4 -1.1% -0.1
Wholesale Coal Sales (PJ) 0.2 0.2 16.9% 0.0 0.6 0.7 -14.7% -0.1
Gas Used In Internal Generation (PJ) 5.4 7.0 -22.5% -1.6 16.6 18.3 -9.3% -1.7
Coal Used In Internal Generation (PJ) 0.0 2.0 -100.0% -2.0 0.7 7.1 -89.7% -6.4
Weighted Average Fuel Cost ($/MWh) $31.61 $40.54 -22.0% ($8.93) $30.91 $36.84 -16.1% ($5.93)
Coal Stockpile - closing balance (kilotonnes) 351.2 500.1 -29.8% (148.9)
Q3 FY17 PERFORMANCE UPDATE 11
Metrics
* New metric
OPTIMISE Q3 FY17 Q3 FY16 % Change Var. YTD FY17 YTD FY16 % Change Var.
CUSTOMER
Net Promoter Score - Genesis Energy (%) 3% -6% 150.0% 9.0%
Electricity Market Share (%) 24.9% 25.8% -3.4% -0.9%
Gas Market Share (%) 38.2% 39.5% -3.3% -1.3%
Electricity Customers Excluding Vacants (#) 513,209 524,122 -2.1% (10,913)
Electricity Vacant Connections 20,452 21,151 -3.3% -699.0
Gas Customers Excluding Vacants (#) 105,433 106,908 -1.4% (1,475)
Gas Vacant Connections 4,133 3,444 20.0% 689.0
Retail Netback ($/MWh) $84.74 $84.81 -0.1% ($0.07) $82.78 $83.17 -0.5% ($0.39)
GENERATION
Rankine Output (GWh) -4 291 -101% -295.7 181 874 -79.2% -692.3
Rankines Fueled by Coal (%) 0% 59% -100% -59% 29% 72% -59% -43%
CORPORATE
Headcount (FTE) 775 856 -9.5% -81.2
Total Recordable Injury Frequency Rate 0.37 0.64 -42.2% -0.3
Q3 FY17 PERFORMANCE UPDATE 12
Metrics
*from 1 January 2017, metrics include 46% ownership
* New metric
INNOVATE Q3 FY17 Q3 FY16 % Change Var. YTD FY17 YTD FY16 % Change Var.
CUSTOMER
LPG Customer Connections (#) 18,334 14,717 24.6% 3,617
Bottled LPG Sales (tonnes) 935 670 39.6% 265 3,505 2,872 22.0% 633
Other LPG sales (tonnes) 3,413 4,748 -28.1% (1,335) 3,786 6,642 -43.0% (2,856)
Wholesale LPG Sales (tonnes) 5,362 1,759 204.8% 3,602 14,013 11,740 19.4% 2,273
INVEST Q3 FY17 Q3 FY16 % Change Var. YTD FY17 YTD FY16 % Change Var.
KUPE
Gas Production (PJ) 2.4 1.9 28.6% 0.5 6.2 5.3 17.1% 0.9
Oil Production (kbbl) 127.7 110.3 15.7% 17.4 323.5 317.7 1.8% 5.8Oil Sales (kbbl) 112.5 131.9 -14.7% -19.5 259.2 290.5 -10.8% -31.2Average Brent Crude Oil (USD/bbl) $53.78 $33.89 58.7% $19.89 $49.70 $42.62 16.6% $7.08Oil Hedge Levels (%) - Balance of FY 86% 106% -18.9% -20.0%
LPG Sales (kt) 9.7 7.6 26.4% 2.0 21.2 21.7 -2.4% -0.5
LPG Production (kt) 9.5 8.1 0.2 1.5 21.1 22.2 -0.1 -1.1
Q3 FY17 PERFORMANCE UPDATE 13
Glossary
CUSTOMER
Net Promoter Score Based on survey question "How likely would you be to recommend Genesis Energy/Energy Online to your friends or family?"
Electricity Market Share Market share based on Electricity Authority data for the end of quarter
Gas Market Share Market share based on Gas Industry Company data for the end of quarter
Customer Connection Electricity and gas customers are defined by number of connections (ICP).
Volume Weighted Average Electricity Selling Price - $/MWh Average selling price for customers including lines/transmission and distribution and after prompt payment discount
Volume Weighted Average Gas Selling Price - $/MWh Average selling price for customers including lines/transmission and distribution and after prompt payment discount
Average Retail Electricity Purchase Price - LWAP ($/MWh) Excludes settlements from electricity derivatives.
LPG Customer Connections Defined as number of customers
LPG 45kg Market Share (%) Genesis Energy estimation based on company data, LPGA and MBIE data
Bottled LPG Sales (tonnes) represents 45kg LPG bottle sales
Other LPG Sales (tonnes) represents bulk, 3rd party distributors and export sales plus transfers to the Huntly Power Station
Electricity Sales - Wholesale (GWh) includes contracts for difference and options
Electricity Purchases - Wholesale (GWh) includes contracts for difference and options
Retail Netback ($/MWh) Customer Segment EBITDAF plus electricity and gas purchase cost divided by total electricity and gas sales volumes
Bobtail A semi truck, that transports 5 tonnes of LPG to bulk customers
GENERATION
Coal (GWh) Coal generation is calculated by applying coal burn to monthly average heat rates
Average Price Received for Generation - GWAP ($/MWh) Excludes settlements from electricity derivatives.
Coal Used In Internal Generation (PJ) Results have been revised to reflect changes in coal kilotonnes to PJ conversion rate and volume methodology
Rankines Fueled by Coal (%)
Equipment Availability Factor (EAF) the percentage of time a power station is available to generate electricity
Foreced Outage Factor (FOF) the percentage of time a power station is unavailable to generate electricity due to unplanned failure or defect.
WHOLESALE
Weighted Average Fuel Cost ($/MWh) Total cost of fuel burnt plus emissions on fuel burnt divided by total generation (thermal, hydro and wind)
CORPORATE
Total Recordable Injury Frequency Rate Rolling 12 month TRIFR per 200,000 hours worked
Headcount Based on full time equivalents, excluding contractors
KUPE
Oil Hedge Levels (%) % hedged for remainder of FY as % of forecast sales
Q3 FY17 PERFORMANCE UPDATE 14
Appendix: Customer Segment
0.0
2.0
4.0
6.0
8.0
0.0
0.5
1.0
1.5
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2.5
3.0
Q1
FY1
2
Q2
Q3
Q4
Q1
FY1
3
Q2
Q3
Q4
Q1
FY1
4
Q2
Q3
Q4
Q1
FY1
5
Q2
Q3
Q4
Q1
FY1
6
Q2
Q3
Q4
Q1
FY1
7
Q2
Q3
PJ
PJ
RETAIL GAS SALES VOLUMES (PJ)
Quartlery TOU Sales Volumes Quarterly MM Sales Volumes
Rolling 12month sales volume (RHS)
0
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7
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GW
h
GW
h
ELECTRICITY SALES VOLUMES (GWh)
Quartlery TOU Sales Volumes Quarterly MM Sales Volumes
30%32%34%36%38%40%42%44%46%48%50%
80,00085,00090,00095,000
100,000105,000110,000115,000120,000125,000130,000
Q1
FY1
2Q
2Q
3Q
4Q
1 F
Y13
Q2
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Q4
Q1
FY1
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4Q
1 F
Y15
Q2
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1 F
Y17
Q2
Q3
Mar
ket
Shar
e
Cu
sto
me
rs b
y c
on
ne
ctio
ns
Customer Connections Share of Total Market (RHS)
Source: Company data, Gas Industry Co
NATURAL GAS CUSTOMER CONNECTIONS & MARKET SHARE
20%21%22%23%24%25%26%27%28%29%30%
450,000460,000470,000480,000490,000500,000510,000520,000530,000540,000550,000
Q1
FY1
2Q
2Q
3Q
4Q
1 F
Y13
Q2
Q3
Q4
Q1
FY1
4Q
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3Q
4Q
1 F
Y15
Q2
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Q4
Q1
FY1
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3Q
4Q
1 F
Y17
Q2
Q3
Mar
ket
Shar
e
Cu
sto
me
rs b
y co
nn
ect
ion
s
Customer Connections Share of Total Market (RHS)
Source: Company data, Electricity Authority
ELECTRICITY CUSTOMER CONNECTIONS & MARKET SHARE
Q3 FY17 PERFORMANCE UPDATE 15
Appendix: Customer Segment
10%
12%
14%
16%
18%
20%
22%
24%
26%Ju
n-1
2
Sep
-12
De
c-1
2
Mar
-13
Jun
-13
Sep
-13
De
c-1
3
Mar
-14
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-14
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-14
De
c-1
4
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-15
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-15
Sep
-15
De
c-1
5
Mar
-16
Jun
-16
Sep
-16
De
c-1
6
Mar
-17
% annualised
GENESIS ENERGY vs. INDUSTRY ELECTRICITY CUSTOMER CONNECTION SWITCHING
Genesis Energy Monthly Switching Rate NZ Electricity Market Monthly Switching RateGenesis Energy 12 Month Rolling Switching Rate Industry rolling 12m
Source: Genesis Energy, Electricity Authority
Q3 FY17 PERFORMANCE UPDATE 16
Appendix: Wholesale Segment
0
1,000
2,000
3,000
4,000
5,000
6,000
Q3 2017 Q3 2016 Q3 YTD 2017 Q3 YTD 2016
GW
h
Hau Nui Wind Farm
Tekapo A and B power stations
Waikaremoana Power Scheme
Tongariro Power Scheme
Huntly Unit 6
Huntly Unit 5
Huntly Units 1 to 4 Gas
Huntly Units 1 to 4 Coal
GENERATION BY POWER STATION
0%
2%
4%
6%
8%
10%
12%
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16%
18%
20%
0%
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90%
100%
Jul-
14
Au
g-1
4Se
p-1
4O
ct-1
4N
ov-
14
De
c-1
4Ja
n-1
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b-1
5M
ar-1
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pr-
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-15
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-15
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15
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g-1
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p-1
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g-1
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ar-1
7
Forc
ed
Ou
tage
Fac
tor
(FO
F) %
Equ
ipm
en
t A
vaila
bili
ty F
acto
r (E
AF)
%
PLANT PERFORMANCE
Monthly EAF Monthly FOF
Q3 FY17 PERFORMANCE UPDATE 17
Appendix: Wholesale Segment
0
200
400
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800
01
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-Jan
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-Fe
b
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GWh
TEKAPO STORAGE vs LONG RUN AVERAGE - Q3 FY2017
Tekapo Storage Long Run Average Storage
Source: COMIT
0
20
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120
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-Jan
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-Fe
b
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GWhWAIKAREMOANA STORAGE vs LONG RUN AVERAGE - Q3 FY2017
Waikaremoana Storage Long Run Average Storage
Source: COMIT
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
$-
$10
$20
$30
$40
$50
$60
$70
$80
1-J
an
6-J
an
11
-Jan
16
-Jan
21
-Jan
26
-Jan
31
-Jan
5-F
eb
10
-Fe
b
15
-Fe
b
20
-Fe
b
25
-Fe
b
2-M
ar
7-M
ar
12
-Mar
17
-Mar
22
-Mar
27
-Mar
1-A
pr
Lake
Sto
rage
(G
Wh
)
Wh
ole
sale
Pri
ce (
$/M
Wh
)
Benmore (BEN2201) Otahuhu (OTA2201) Storage Long Run Average (RHS) FY2017 Storage
Source: COMIT/Genesis Energy
DAILY AVERAGE WHOLESALE PRICES & NATIONAL HYDRO STORAGE - Q3 FY2017
Q3 FY17 PERFORMANCE UPDATE 18
Appendix: Kupe Segment
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Q1
FY1
2
Q2
Q3
Q4
Q1
FY1
3
Q2
Q3
Q4
Q1
FY1
4
Q2
Q3
Q4
Q1
FY1
5
Q2
Q3
Q4
Q1
FY1
6
Q2
Q3
Q4
Q1
FY1
7
Q2
Q3
PJPJ
KUPE GAS SALES VOLUMES (PJ)
Quarterly Sales Volumes Rolling 12month sales volume (RHS)
340
380
420
460
500
540
580
0
20
40
60
80
100
120
140
160
180
200
Q1
FY1
2
Q2
Q3
Q4
Q1
FY1
3
Q2
Q3
Q4
Q1
FY1
4
Q2
Q3
Q4
Q1
FY1
5
Q2
Q3
Q4
Q1
FY1
6
Q2
Q3
Q4
Q1
FY1
7
Q2
Q3
'000s of barrels'000s of barrels
KUPE OIL PRODUCTION VOLUMES (kbbl)
Quarterly Production Volumes Rolling 12month production volumes (RHS)