Ampol Limited · ASX:ALD
Ampol — Shareholder Meeting (May 2024)
40 slides from Ampol's shareholder meeting presentation, May 9, 2024
Slide 1: 2024 Annual General Meeting Addresses and Presentation
AMPOL LIMITED ACN 004 201 307 29-33 BOURKE ROAD ALEXANDRIA NSW 2015 For personal use only ASX/NZX Release 2024 Annual General Meeting Addresses and Presentation Thursday 9 May 2024 (Sydney) Authorised for release by: the Disclosure Officers of Ampol Limited INVESTOR CONTACT Fran van Reyk MEDIA CONTA
Slide 2: Chairman's address: welcome and meeting procedures
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 Good morning and welcome to the 2024 Annual General Meeting of Ampol Limited. My name is Steven Gregg and it’s an honour to be your Chairman. As a result of the proxies I hold as Chairman, we have a quorum present, so I declare this meeting open. I’d like to
Slide 3: Voting cards and introductions
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 If we experience any technical issues today, a short recess or an adjournment may be required depending on the number of shareholders being affected. If this occurs, I shall advise accordingly. If you are attending the meeting in person, you would have been
Slide 4: Review of 2023 performance
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 Before we get to items of business, I will provide a review of 2023 performance, and then hand over to our Managing Director & CEO, Matt Halliday. Matt will provide an update on key strategic initiatives from 2023, as well as trading performance over the fir
Slide 5: Ampol history and energy transition
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 Ampol was created to take on the established overseas-owned oil companies that dominated the Australian market in the 1930s. At the time, Ampol was known as an innovator, using a bold, nimble, and ambitious approach to push into new frontiers, pioneering tec
Slide 6: Investment balance and growth outlook
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 Over the last few years, we have been focused on getting the balance right in terms of our investment decisions to grow the business in the short-, medium-, and long-term while also delivering strong returns to our shareholders. We are approaching the final
Slide 7: Z Energy and international earnings
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 I would also highlight that in 2023 we saw the first full twelve months’ contribution from Z Energy. The Z business performed well, and the transition to Ampol supply has been relatively seamless thanks to the work of our teams in Singapore and on either sid
Slide 8: Lytton upgrade and EV charging rollout
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 will deliver important upgrades to Lytton so that it can produce low sulfur fuels by the end of 2025. This will meet the Australian Government’s timeline to introduce improved fuel quality standards. Based on our New Zealand experience, we expect this produc
Slide 9: Employee engagement and diversity
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 This allows us to leverage our combined scale and expertise in delivering solutions for our customers, while continuing to differentiate for the unique local markets. Last year, the Group adopted Peakon, an employee listening tool used by our colleagues in N
Slide 10: Chairman's closing remarks
AMPOL LIMITED ANNUAL GENERAL MEETING 2024 In closing, the Board and Management are focused on delivering for our customers, communities, and for you, our shareholders. I would also like to again thank our employees for their ongoing commitment to the delivery of our strategy and I look forward to bu
Slide 11: For personal use only
Ampol Limited 2024 Annual General Meeting For personal use only Ampol Limited 2024 Annual General Meeting 1
Slide 12: How to ask questions by phone
For personal use only How to ask questions by phone 1 2 3 Join the queue Ask your question Lower your hand Call 1800 497 114 (within Australia) or Press *1 on your keypad for the item If at any time you no longer wish to +61 2 9189 1123 (outside Australia). of business to which your questions ask a
Slide 13: How to ask questions via Link online platform
For personal use only How to ask questions via Link online platform Only shareholders and proxyholders are able 1 2 to ask questions or make Click “Ask a Question” if you Type in your question or have a question or comment comment and click a comment Select “General Business” “Submit Question” or a
Slide 14: Voting online
For personal use only Voting online Lodging your votes 1 2 3 Click “Get a Voting Card” Click “Submit Details and Vote” Click “Submit Vote” (top and bottom of platform) Fill out your voting card Help Number 1800 990 363 Enter your SRN/HIN or for each item of business Proxy Number and Postcode Ampol L
Slide 15: Admission Cards
Admission Cards For personal use only YELLOW BLUE RED Ask Admission Card Admission Card Admission Card Questions If you have a YELLOW If you have a BLUE card, you If you have a RED card, If anyone with a YELLOW or voting card, you are a voting are a non-voting you are a visitor and are BLUE card wis
Slide 16: Board of Directors and Company Secretaries
Board of Directors and Company Secretaries For personal use only Steven Gregg Matthew Halliday Simon Allen Melinda Conrad Elizabeth (Betsy) Donaghey Chairman Managing Director and CEO Non-executive Director Non-executive Director Non-executive Director Michael Ihlein Gary Smith Penny Winn Faith Tayl
Slide 17: Ampol Leadership Team
Ampol Leadership Team For personal use only Matthew Halliday Greg Barnes Andrew Brewer Meaghan Davis Managing Director and CEO Group Chief Financial Officer Executive General Manager, Fuel Supply Chain Executive General Manager, People and Culture Lindis Jones Brent Merrick Faith Taylor Kate Thomson
Slide 18: Chairman's Address
Chairman’s Address For personal use only Ampol Limited 2024 Annual General Meeting 8 8
Slide 19: Strong operational and financial performance
Strong operational and financial performance For personal use only Group RCOP EBITDA1 in 2023 Record total sales volumes in 2023 $1,764m 1 756m 28.4b litres 24.3bl $ , 17% 22 23 22 23 Group RCOP EBIT1 in 2023 Full year fully franked total dividend of $1,317m 1 297m $ , 275 cps Growth from non-refini
Slide 20: For personal use only
For personal use only Ampol Limited 2024 Annual General Meeting 10
Slide 21: Operational and strategic highlights
Operational and strategic highlights For personal use only Ampol Limited 2024 Annual General Meeting 11
Slide 22: We remain committed to delivering on our strategy
We remain committed to delivering on ENHANCE For personal use only our strategy the core business EXPAND the rejuvenated platform EVOLVE the energy offer for our customers Ampol Limited 2024 Annual General Meeting 12
Slide 23: Managing Director and CEO's Address
Managing Director and CEO’s Address For personal use only Ampol Limited 2024 Annual General Meeting 13
Slide 24: Another year of strong performance across our value chain
Another year of strong performance across our value chain For personal use only Earnings growth in non-refining divisions Full 12 months’ contribution from Z Energy Record total fuel sales Strong balance sheet with record payout ratio Ampol Limited 2024 Annual General Meeting 14
Slide 25: Strong progress on operational and strategic priorities
Strong progress on operational and strategic priorities For personal use only • Network rationalisation complete Focus now on our major highway network • Significant progress on Ultra Low Sulfur Fuels Project • Z Energy delivered expected acquisition benefits and synergies • EV network rollout gaine
Slide 26: Momentum in sustainability and the energy transition
Momentum in sustainability and the energy transition For personal use only Total Australian Total New Zealand community investment community investment >AU$ 4.5m NZ$ 2.8m Release of first, voluntary TCFD-aligned Climate Report in July 2023 Successful renewable diesel* customer trial Launched employe
Slide 27: First quarter trading update
First quarter trading update For personal use only Ampol Limited 2024 Annual General Meeting 17
Slide 28: General questions
General questions For personal use only Ampol Limited 2024 Annual General Meeting 18
Slide 29: Items of business
Items of business 1. Consideration of the Annual Reports For personal use only 2. Adoption of the Remuneration Report 3. (a) Re-election of Michael Ihlein as a Director (b) Re-election of Gary Smith as a Director 4. Grant of 2024 Performance Rights to the Managing Director and Chief Executive Office
Slide 30: 2. Adoption of Remuneration Report
2. Adoption of Remuneration Report For personal use only Ampol Limited 2024 Annual General Meeting 20
Slide 31: 2. Adoption of Remuneration Report: proxy votes
2. Adoption of Remuneration Report For personal use only Proxy votes For 177,233,037 98.2% Against 2,890,162 1.6% Open 356,340 0.2% Abstain 109,146 Ampol Limited 2024 Annual General Meeting 21
Slide 32: 3a. Re-election of Michael Ihlein as a Director
3a. Re-election of Michael Ihlein For personal use only as a Director Ampol Limited 2024 Annual General Meeting 22
Slide 33: 3a. Re-election of Michael Ihlein: proxy votes
3a. Re-election of Michael Ihlein For personal use only as a Director Proxy votes For 171,818,989 95.12% Against 8,466,995 4.69% Open 343,402 0.19% Abstain 18,917 Ampol Limited 2024 Annual General Meeting 23
Slide 34: 3b. Re-election of Gary Smith as a Director
3b. Re-election of Gary Smith For personal use only as a Director Ampol Limited 2024 Annual General Meeting 24
Slide 35: 3b. Re-election of Gary Smith: proxy votes
3b. Re-election of Gary Smith For personal use only as a Director Proxy votes For 174,162,913 96.42% Against 6,129,978 3.39% Open 345,008 0.19% Abstain 21,744 Ampol Limited 2024 Annual General Meeting 25
Slide 36: 4. Grant of 2024 Performance Rights to the MD and CEO
4. Grant of 2024 Performance Rights to the Managing Director and For personal use only Chief Executive Officer Ampol Limited 2024 Annual General Meeting 26
Slide 37: 4. Performance Rights grant: proxy votes
4. Grant of 2024 Performance Rights to the Managing Director and For personal use only Chief Executive Officer Proxy votes For 177,224,807 98.14% Against 3,001,575 1.66% Open 355,694 0.2% Abstain 77,384 Ampol Limited 2024 Annual General Meeting 27
Slide 38: 5. Non-Executive Directors' Fee Pool Increase
5. Non-Executive Directors’ Fee Pool Increase For personal use only Ampol Limited 2024 Annual General Meeting 28
Slide 39: 5. Fee Pool Increase: proxy votes
5. Non-Executive Directors’ Fee Pool Increase For personal use only Proxy votes For 179,612,271 99.45% Against 640,853 0.35% Open 355,845 0.2% Abstain 42,597 Ampol Limited 2024 Annual General Meeting 29
Slide 40: For personal use only
Ampol Limited 2024 Annual General Meeting For personal use only Ampol Limited 2024 Annual General Meeting 30