Slide 1: 2019 Annual General Meeting of Caltex Australia Limited
CALTEX AUSTRALIA LIMITED ANNUAL GENERAL MEETING – 9 MAY 2019 ADDRESSES Good morning and welcome to the 2019 Annual General Meeting of Caltex Australia Limited. We have a quorum of shareholders in attendance, so I declare this meeting open. My name is Steven Gregg and I have the honour of being your
Slide 2: Address from the Chairman
Jo has more than 20 years’ experience in the retail and manufacturing sectors. Her expertise in retail operations and supply chain strategies includes 11 years at McDonald’s Australia, making her the natural candidate to lead our retail business into the next phase. Secondly, I’d like to introduce M
Slide 3: Positioned to create more value for shareholders
Our position as the leading transport fuels company in Australia has allowed us to develop and expand our international sourcing and supply organisation, Ampol. We are now leveraging the capability we have across our Fuels & Infrastructure business as a platform for further growth. 2018 was the firs
Slide 4: Managing Director and CEO
The Caltex Board accepts the IPCC’s assessment of climate change science and the importance of limiting warming to less than two degrees above pre-industrial levels. We believe Caltex has a role to play in the transition to a low carbon future and we support measures to reduce Australia’s emissions,
Slide 5: Safety performance
I’d now like to hand over to our Managing Director and CEO, Julian Segal, to discuss our 2018 operational and financial performance and to provide an update on business performance in the first quarter of 2019. Thank you, Steven. 2018 proved to be a challenging year. We executed on the strategy we h
Slide 6: Formal business
our performance on key employee safety measures declined as we transitioned franchisee sites to company operation and implemented several other major change programs. In 2019, we are working to improve Convenience Retail safety performance by implementing programs that reinforce safe work practices
Slide 7: Convenience Retail 2019 first quarter unaudited EBIT was $40 million, down from $90 million
While the first quarter was challenging for refiner margins in the region, margins recovered in March and April from earlier lows. The average Caltex Refiner Margin in April was US$10.96 per barrel above the 2019 first quarter average of US$7.53 per barrel. Pleasingly, during April the planned shutd
Slide 8: Chairman's address: 2018 performance and strategy
Finally, at a corporate level, in 2018 the Board made the decision to increase our dividend payout to between 50% and 70%. We remain committed to conducting our operations with capital discipline, so that we can support the highest possible returns to our shareholders and meet our TSR objectives. As
Slide 9: International growth and convenience retail
2130 HRS | The Foodary, Narangba
Slide 10: Climate change and sustainability
Welcome to Country Ks > & CALTEX 2 ee : +
Slide 11: CEO address: 2018 performance
Slide 12: Safety and people
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Slide 13: First quarter 2019 update
Caltex Leadership Team
Slide 14: Capital returns and dividend payout
Slide 15: The Foodary, Narangba
The foundations for long-term growth Capability we Scale E BUS NESSES. “@ CONVENIENCE INERAS"RJCTURE RETAIL
Slide 16: Welcome to Country
Sustainability reporting Our Business Our Community 69 Established Caltex Foundation Voice of Customer $ 1.97 invested in communities BN in 2018 $1.6 Returned to shareholders : : since 2016 Developed and implementing an inaugural Reconciliation Action Plan Our People 83 Employee engagement score 67
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Slide 19: Caltex Leadership Team
Strong financial and operational performance Solid underlying business result F&I (ex Lytton) EBIT $409m ‘Australian Wholesale vols (excl WOW) 8.7 BL Lytton EBIT, impacted by external margin sisim $s56m Good progress on strategy Total fuel sales volumes 20.4 BL International EBITDA $75m Sites transi
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Slide 21: The foundations for long-term growth
Employees working across nine employment entities located in gy Our people 1 Ye ae strategy . .— a engagement score continues Pa V . to deliver a x A od CALTEX Working in flexible working arrangements
Slide 22: Sustainability reporting
RCOP EBIT $138m, down from $238m in 1018 RCOP NPAT $94m, down from $164m in 1018 RCOP Is consistent with update provided in March. Caltex remains focused on disciplined cost management and application of its capital allocation framework to maximise capital efficiency F&I EBIT $109m, down from $156m
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Slide 24: Join Queue John Smith
Join Queue John Smith
Slide 25: Strong financial and operational performance
Slide 26: Items of business
Items of business Consideration of Reports Election of Directors Remuneration Report Granting of Performance Rights to the Managing Director & CEO. Renewal of proportional takeover provisions CALTEX
Slide 27: Our people strategy
To vote FOR the resolution press 1 To vote AGAINST the resolution press 2 Against To ABSTAIN from voting on the resolution press 3 Withheld To withdraw vote completely press X CALTEX
Slide 28: 2019 first quarter results
Date of Appointment 9 October 2015 Appointed Chairman 18 August 2017 Board Committees Nomination Committee (Chairman) * 30 years’ experience in the investment banking and management consulting sectors * Extensive executive, corporate finance and strategic experience * Director of Challenger Limited
Slide 29: 171,754,935 98.88% 1,431,277 0.82% 528,045 0.30% 189,895 od
171,754,935 98.88% 1,431,277 0.82% 528,045 0.30% 189,895 od CALTEX
Slide 30: Join queue
Shareholders are asked to consider and, if thought appropriate, pass the following ordinary resolution: The poll on the resolution is open. Please cast your vote To vote FOR the resolution press 1 To vote AGAINST the resolution press 2 To ABSTAIN from voting on the resolution press 3 A 2 IODA AAAUCL
Slide 31: Re-election of Penny Winn
Re-election of Penny Winn Date of Appointment 1 November 2015 Board Committees Safety and Sustainability Committee (Chairman), Audit Committee and Nomination Committee Australian and international strategic, major transformation and business integration, technology and retail marketing experience Ch
Slide 32: Items of business
170,872,653 98.61% 1,872,987 1.08% 534,638 0.31% 623,874 od CALTEX
Slide 33: Voting instructions
Shareholders are asked to consider and, if thought appropriate, pass the following ordinary resolution: The poll on the resolution is open. Please cast your vote JIAAAN AOL To vote FOR the resolution press 1 AAR ue veNMS To vote AGAINST the resolution press 2 To ABSTAIN from voting on the resolution
Slide 34: Director profile: Chairman
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Slide 35: Poll results
165,524,851 95.55% 7,196,882 4.15% 519,575 0.30% 662,853 od CALTEX
Slide 36: Resolution: ordinary resolution
Shareholders are asked to consider and, if thought appropriate, pass the following resolution as a non- binding ordinary resolution of the Company in accordance with section 250R(2) of the Corporations Act 2001 (Cth) The poll on the resolution is open. Please cast your vote To vote FOR the resolutio
Slide 37: Re-election of Penny Winn
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Slide 38: Poll results
169,248,600 97.58% 3,693,958 2.13% 508,034 0.29% 453,563 od CALTEX
Slide 39: Resolution: ordinary resolution
Shareholders are asked to consider and, if thought appropriate, pass the following ordinary resolution: The poll on the resolution is open. Please cast your vote To vote FOR the resolution press 1 To vote AGAINST the resolution press 2 To ABSTAIN from voting on the resolution press 3 CALTEX
Slide 40: Poll results
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Slide 41: Remuneration report resolution
171,246,934 98.75% 1,652,748 0.95% 527,622 0.30% 476,846 od CALTEX
Slide 42: Poll results
Shareholders are asked to consider and, if thought appropriate, pass the following special resolution: The poll on the resolution is open. Please cast your vote To vote FOR the resolution press 1 To vote AGAINST the resolution press 2 To ABSTAIN from voting on the resolution press 3 CALTEX
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