Ampol Limited · ASX:ALD
Ampol — Shareholder Meeting (May 2022)
54 slides from Ampol's shareholder meeting presentation, May 12, 2022
Slide 1: 2022 Annual General Meeting Addresses and Presentation
AMPOL LIMITED ACN 004 201 307 29-33 BOURKE ROAD ALEXANDRIA NSW 2015 For personal use only ASX Release 2022 Annual General Meeting Addresses and Presentation Thursday 12 May 2022 Authorised for release by: the Disclosure Officers of Ampol Limited INVESTOR CONTACT MEDIA CONTACT Fran van Reyk Richard B
Slide 2: Addresses
AMPOL LIMITED ANNUAL GENERAL MEETING 2022 For personal use only ADDRESSES Good morning and welcome to the 2022 Annual General Meeting of Ampol Limited. We would like to begin by acknowledging the Traditional Owners of the land on which we meet today, the Gadigal people of the Eora nation and pay our
Slide 3: Voting procedures and introductions
Voting today will be conducted by way of a poll on all items of business. In order to provide you with enough time to vote, I will shortly open voting for all resolutions. For personal use only At that time, if you are eligible to vote at this meeting, a new voting tab will appear. Selecting this ta
Slide 4: Introductions and directors seeking election
With me on stage is our Managing Director & Chief Executive Officer, Matt Halliday. Also joining me in the room today are Non-Executive Directors Penelope Winn, Melinda Conrad, Mark Chellew, For personal use only Gary Smith, Mike Ihlein and Elizabeth Donaghey. Today, myself and Penelope Winn are see
Slide 5: Chairman's address: strategy and 2021 performance
continue refining operations at Lytton, supporting the dual objectives of fuel security and energy transition in partnership with government. For personal use only The release of our Future Energy and Decarbonisation strategy put the foundations in place to evolve our business for the future. We hav
Slide 6: Safety performance and operations
uplift by 2024. We also continued our focus on reducing labour costs, waste and shrinkage in this part of our business. For personal use only The safety of our people and our customers is always a priority and in 2021 we delivered strong improvement in our safety performance. This was particularly p
Slide 7: Capital returns and balance sheet
engagement. Engagement levels rose 9 points to 72%, showing we are on the right track to building the culture required to support the delivery of our strategy For personal use only In 2021 I was pleased we again made excellent progress delivering on our commitments to shareholders. Over the calendar
Slide 8: Chairman's summary and CEO address
In summary, it has been a year of significant achievements and milestones for Ampol. Amidst extraordinary levels of volatility, the COVID-19 pandemic and supply chain interruptions, the For personal use only Company has delivered on its strategy. On behalf of the Board, I would again like to extend
Slide 9: Future energy and decarbonisation strategy
Increased employee volunteering, and the delivery of major fundraising campaigns for The Smith Family and Surf Life Saving Australia, were two milestones throughout the year. For personal use only In 2021, we released our Future Energy and Decarbonisation strategy, including our ambition to achieve
Slide 10: Future energy and first quarter 2022 update
expected to be developed under AmpCharge, with offers to be made available to consumers as part of a broader home energy offer. For personal use only Finally, as we continue to execute our future energy strategy, we look forward to working with the Z Energy business to accelerate progress towards a
Slide 11: Kurnell incident and 2022 outlook
We continue to work with the NSW EPA, local council and the community to address all of the issues that have been raised and also to provide the resources required to clean up the area, both For personal use only in the immediate and long-term. Finally, while there continues to be uncertainty over t
Slide 12: Ampol Limited 2022 Annual General Meeting
Ampol Limited 2022 Annual For personal use only General Meeting Ampol Limited 2022 Annual General Meeting 2
Slide 13: Acknowledgement of Country
Acknowledgement of Country For personal use only Ampol Limited 2022 Annual General Meeting 3
Slide 14: How to ask verbal questions over the phone
For personal use only How to ask verbal questions over the phone 1 2 3 4 5 Dial the Verify your Voting Dial *1 to be Ask your question Remain logged teleconference Access Code placed in the The moderator will into the Lumi number (VAC) queue introduce you to the online platform meeting, your line wi
Slide 15: How to ask questions using the Lumi online platform
For personal use only How to ask questions using the Lumi online platform 1 2 3 4 Click the Q&A icon Compose Select the Your question will your question send icon be sent This will appear at the top of the app when the question Click in the ‘Ask a question’ immediately box, and type your question fu
Slide 16: How to vote using the Lumi online platform
How to vote using the Lumi online platform For personal use only 1 2 3 Access voting Place your vote Change or cancel When open, the vote will be To vote, simply select the There is no submit or send button, accessible by selecting the direction in which you would your selection is automatically vot
Slide 17: Accessing documents using the Lumi online platform
Accessing documents using the Lumi online platform For personal use only 1 2 3 Select the View the Close the documents tab document document When available, documents Select the document you Once you have finished viewing the related to the meeting can be wish to view. The file will document, select
Slide 18: How to ask questions in the room
For personal use only How to ask questions in the room Mr Smith Talk Now 1 2 3 Join the queue Ask your question Leave the queue To join the queue, press the microphone icon on the left Your microphone will turn on To leave the queue, press the of the device followed by the when you reach the front o
Slide 19: How to vote in the room
How to vote in the room For personal use only 1 2 3 4 Select the Read the Place your vote Move to the next resolution resolution and view resolution When voting opens, use the voting options scroll wheel to highlight the Press the green button to resolution you wish to vote on Once you have read the
Slide 20: Board of Directors and Company Secretary
Board of Directors and Company Secretary For personal use only Steven Gregg Matthew Halliday Mark Chellew Melinda Conrad Michael Abbott Chairman Managing Director and CEO Non-executive Director Non-executive Director Company Secretary Elizabeth (Betsy) Donaghey Michael Ihlein Gary Smith Penny Winn N
Slide 21: Ampol Leadership Team
Ampol Leadership Team For personal use only Matthew Halliday Michael Abbott Greg Barnes Mike Bennetts Andrew Brewer Managing Director and CEO Executive General Manager, Group Chief Financial Officer Executive General Manager, Z Energy Executive General Manager, Fuel Supply Governance and Risk Chain
Slide 22: Chairman's Address
Chairman’s Address For personal use only Ampol Limited 2022 Annual General Meeting 12
Slide 23: Strong and resilient financial performance
Strong and resilient financial performance For personal use only $631.2m 22.04 38% RCOP EBIT Billion litres Uplift in Up 57% on 2020 Record total sales International volumes volumes on 2020 ~$300m $52.6m Lytton RCOP Convenience EBIT uplift Retail EBIT uplift compared with the Non-fuel cumulative $14
Slide 24: Safety performance continues to improve
Safety performance continues to improve For personal use only Fuels and Infrastructure personal safety Convenience Retail personal safety 15 15 10 10 5 5 0 0 2018 2019 2020 2021 2018 2019 2020 2021 Days Away from Work Injury Frequency Rate Days Away from Work Injury Frequency Rate Total Recordable I
Slide 25: Senior appointments and building culture
Senior appointments and For personal use only building culture Ampol Limited 2022 Annual General Meeting 15
Slide 26: Delivering on our promises and maintaining a strong balance sheet
Delivering on our promises and maintaining a strong For personal use only balance sheet Strong balance sheet and Net borrowings of $724 million; leverage of 1.2 times cash flows $479 million returned to shareholders during 2021 including $300 million off-market buy-back (OMBB) completed Returns
Slide 27: Z Energy acquisition
Z Energy For personal use only acquisition Ampol Limited 2022 Annual General Meeting 17
Slide 28: Managing Director and CEO's Address
Managing Director and CEO’s Address For personal use only Ampol Limited 2022 Annual General Meeting 18
Slide 29: Ampol rebrand gathers momentum
Ampol rebrand gathers For personal use only momentum 880 Sites rebranded at end 2021 $3.17m Contributed to communities in 2021 19
Slide 30: Foundations for future energy
Foundations for future energy For personal use only Future energy Decarbonisation • Commitment to invest a minimum of • By 2040 net zero emissions from $100m in future energy and operations (scope 1 and 2) with decarbonisation projects by 2025 interim targets for 2025 and 2030 goals • Commitment to
Slide 31: First quarter trading update
First quarter trading update For personal use only Ampol Limited 2022 Annual General Meeting 21
Slide 32: Update on Kurnell environmental incident
For personal use only Update on Kurnell environmental incident 22
Slide 33: Looking ahead
Looking ahead For personal use only Ampol Limited 2022 Annual General Meeting 23
Slide 34: How to ask verbal questions over the phone
For personal use only How to ask verbal questions over the phone 1 2 3 4 5 Dial the Verify your Voting Dial *1 to be Ask your question Remain logged teleconference Access Code placed in the The moderator will into the Lumi number (VAC) queue introduce you to the online platform meeting, your line wi
Slide 35: How to ask questions using the Lumi online platform
For personal use only How to ask questions using the Lumi online platform 1 2 3 4 Click the Q&A icon Compose Select the Your question will This will appear at the top of your question send icon be sent the app when the question Click in the ‘Ask a question’ immediately box, and type your question fu
Slide 36: How to vote using the Lumi online platform
How to vote using the Lumi online platform For personal use only 1 2 3 Access voting Place your vote Change or cancel When open, the vote will be To vote simply select the There is no submit or send button, accessible by selecting the direction in which you would your selection is automatically voti
Slide 37: How to ask questions in the room
For personal use only How to ask questions in the Mr Smith room Talk Now 1 2 3 Li st Nex Next t Join the queue Ask your question Leave the queue To join the queue, press the microphone icon on the left Your microphone will turn on To leave the queue, press the of the device followed by the when you
Slide 38: How to vote in the room
How to vote in the room For personal use only 1 2 3 4 Select the Read the Place your vote Move to the next resolution resolution and view resolution When voting opens, use the voting options scroll wheel to highlight the Press the green button to resolution you wish to vote on Once you have read the
Slide 39: Items of business
Items of business For personal use only 1. Annual Reports 2. Adoption of Remuneration Report 3. (a) Re-election of Steven Gregg as a Director 3. (b) Re-election of Penny Winn as a Director 3. (c) Election of Elizabeth Donaghey as a Director 4. Grant of 2022 Performance Rights to the Managing Directo
Slide 40: 2. Remuneration Report
2. Remuneration For personal use only Report Ampol Limited 2022 Annual General Meeting 30
Slide 41: Remuneration Report proxy votes
Remuneration Report For personal use only Proxy votes For 174,505,740 96.14% Against 6,552,986 3.61% Open 450,180 0.25% Abstain 171,491 Ampol Limited 2022 Annual General Meeting 31
Slide 42: 3a. Re-election of Steven Gregg
3a. Re-election of For personal use only Steven Gregg Ampol Limited 2022 Annual General Meeting 32
Slide 43: Re-election of Steven Gregg proxy votes
Re-election of Steven Gregg For personal use only Proxy votes For 175,250,447 96.49% Against 5,924,758 3.26% Open 450,514 0.25% Abstain 62,398 Ampol Limited 2022 Annual General Meeting 33
Slide 44: 3b. Re-election of Penny Winn
3b. Re-election of For personal use only Penny Winn Ampol Limited 2022 Annual General Meeting 34
Slide 45: Re-election of Penny Winn proxy votes
Re-election of Penny Winn For personal use only Proxy votes For 175,593,652 96.68% Against 5,574,620 3.07% Open 452,580 0.25% Abstain 67,265 Ampol Limited 2022 Annual General Meeting 35
Slide 46: 3c. Election of Elizabeth Donaghey
3c. Election of Elizabeth For personal use only Donaghey Ampol Limited 2022 Annual General Meeting 36
Slide 47: Election of Elizabeth Donaghey proxy votes
Election of Elizabeth Donaghey For personal use only Proxy votes For 180,805,102 99.58% Against 313,413 0.17% Open 452,532 0.25% Abstain 117,070 Ampol Limited 2022 Annual General Meeting 37
Slide 48: 4. Grant of 2022 Performance Rights to the MD and CEO
4. Grant of 2022 Performance For personal use only Rights to the Managing Director and Chief Executive Officer Ampol Limited 2022 Annual General Meeting 38
Slide 49: Grant of 2022 Performance Rights proxy votes
Grant of 2022 Performance Rights to the Managing For personal use only Director and Chief Executive Officer Proxy votes For 178,756,164 98.54% Against 2,205,563 1.22% Open 432,444 0.24% Abstain 293,946 Ampol Limited 2022 Annual General Meeting 39
Slide 50: 5. Reinsertion of Proportional Takeover Provisions
5. Reinsertion of Proportional For personal use only Takeover Provisions Ampol Limited 2022 Annual General Meeting 40
Slide 51: Proportional Takeover Provisions proxy votes
Reinsertion of Proportional Takeover Provisions For personal use only Proxy votes For 179,733,760 98.99% Against 1,365,640 0.75% Open 470,349 0.26% Abstain 118,368 Ampol Limited 2022 Annual General Meeting 41
Slide 52: How to vote using the Lumi online platform
How to vote using the Lumi online platform For personal use only 1 2 3 Access voting Place your vote Change or cancel When open, the vote will be To vote simply select the There is no submit or send button, accessible by selecting the direction in which you would your selection is automatically voti
Slide 53: How to vote in the room
How to vote in the room For personal use only 1 2 3 4 Select the Read the Place your vote Move to the next resolution resolution and view resolution When voting opens, use the voting options scroll wheel to highlight the Press the green button to resolution you wish to vote on Once you have read the
Slide 54: Ampol Limited 2022 Annual General Meeting
Ampol Limited 2022 Annual For personal use only General Meeting Ampol Limited 2022 Annual General Meeting 44