FY23 Q3 Performance Report

Favourable wholesale conditions continued in FY23 Q3 resulting in lower emissions and portfolio generation costs. Customer churn remained low, while netbacks increased across electricity, gas and LPG. Malcolm Johns, Chief Executive said, "Genesis supported our customers through the Auckland floods and Cyclone Gabrielle. High hydro levels contributed to a 44% reduction in generation emissions, relative to the same period last year. During a busy quarter, we progressed key strategic initiatives, including a successful biomass trial and securing our first solar site." Genesis' FY23 Q3 Performance Report is attached. ENDS For investor relations enquiries, please contact: Tim McSweeney GM Investor Relations & Market Risk M: 027 200 5548 For media enquiries, please contact: Chris Mirams GM Communications & Media M: 027 246 1221 End CA:00410273 For:GNE Type:MKTUPDTE Time:2023-04-21 09:41:49