Viva Energy Group Ltd. · ASX:VEA
Viva Energy — Macquarie Australia Conference 2023
20 slides from Viva Energy's conference presentation, May 3, 2023
Slide 1: Macquarie Australia Conference Presentation
3 May 2023 Macquarie Australia Conference Presentation Viva Energy Chief Executive Officer, Scott Wyatt, will today present at the Macquarie Australia Conference. A copy of the presentation is attached. For personal use only Authorised for release by: the Company Secretary of Viva Energy Group Limit
Slide 2: Macquarie Australia Conference May 2023
For personal use only Macquarie Australia Conference 3 May 2023
Slide 3: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Viva Energy Group representation or warranty, express or implied, is made as to achievements expressed or implied by these forward-looking Limited, ACN 626 661 032 (“Company” or “Viva Energy”). the fairness, accuracy, completenes
Slide 4: 1Q2023 Trading Update
1Q2023 Trading Update Strong start to 2023 with continued momentum in our core Retail and Commercial businesses 1Q2023 Group Results Group EBITDA of $293M in 1Q2023, +70% y/y1 For personal use only All financials in $M unless noted Change 1Q2023 1Q2022 otherwise (%) (#) Sales volumes 3,780 ML 3,288
Slide 5: Convenience & Mobility
For personal use only Convenience & Mobility Accelerating our strategy to become a leading convenience retailer
Slide 6: Transition and Growth Strategy
Transition and Growth Strategy Four steps to becoming a leading Convenience & Mobility retailer, and a one-stop destination for our customers For personal use only Retail Leading branded Convenience network and 1 2 3 4 & Mobility fuel supplier Retailer Take full control Acquire capability Transf
Slide 7: OTR Group Acquisition
OTR Group Acquisition Transaction highlights Viva Energy to acquire OTR Group for $1.15bn. Completion For personal use only expected in 2H20231. Contributes $165M to EBITDA (post synergies) on a pro-forma basis2. A best-in-class convenience and QSR capability that generates $3.9M of sales per
Slide 8: Strategic Rationale
Strategic Rationale Establish a pathway to build a nationwide network of more than 1,000 stores with a market leading convenience and mobility offering in Australia For personal use only Fuel and convenience network A company controlled network Company controlled stores1 with a pathway to 1,000+ sto
Slide 9: Strategic Rationale: Greater earnings diversification
Strategic Rationale Greater earnings diversification to convenience and the broader retail sector 1. Diversifies earnings 2. In an attractive sector 3. With significant further growth potential Convenience & Mobility (C&M) gross profit ($M)1 Australian convenience sales ($BN)2 For personal use only
Slide 10: The OTR offer
The OTR offer OTR is disrupting the fuels business by creating a one-stop true convenience destination, reducing the reliance on fuel and increasing exposure to the fast-growing convenience sector For personal use only A sophisticated offer, outstanding customer service and renowned brands drives: •
Slide 11: Commercial & Industrial
For personal use only Commercial & Industrial Strength in diversity
Slide 12: Transition and Growth Strategy
Transition and Growth Strategy Deliver reliable and attractive cash flow by outperforming in our core business while progressing a focused diversification and extension strategy For personal use only Commercial Commercial & Industrial Fuels 1 2 3 Services & Supplier Solutions Outperform in core
Slide 13: Commercial & Industrial: Strength in Diversification
Commercial & Industrial: Strength in Diversification Supported by long-standing relationships with customers, leading market positions in more products and services than competitors and a nationwide supply chain backed by the international capability of Vitol For personal use only 400 Commercial EBI
Slide 14: Diversified both within Main Fuels and towards Specialty Products
Diversified both within Main Fuels and towards Specialty Products Specialty products comprise ~50% of Commercial EBITDA For personal use only Main Fuels Resources Transport Marine Commercial Jet Agriculture Wholesale (Petrol, • Diversified by • Buses, rail freight, • Diesel supply • Diversified by •
Slide 15: 2023 Outlook & Conclusion
For personal use only 2023 Outlook & Conclusion
Slide 16: 2023 Outlook
2023 Outlook Trading conditions remain supportive as we progress our strategic objectives Refining margin cracks, GRM, Crude Premia1 Convenience & Mobility (US$/bbl) For personal use only • Convenience sales to support earnings growth following successful completion of Coles Express acquisition. 60
Slide 17: Conclusion
Conclusion Create three increasingly separate businesses, each with their own distinct pathways for growth For personal use only • Within Convenience & Mobility, the Coles • Commercial & Industrial to drive earnings • Energy & Infrastructure seeks to optimise Express and OTR acquisitions represent m
Slide 18: Appendix
For personal use only Appendix
Slide 19: Glossary
Glossary For personal use only Replacement Cost (“RC”) EBITDA (RC) Earnings Per Share (RC) Viva Energy reports its performance on a Profit before interest, tax, depreciation and Underlying NPAT (RC) divided by “replacement cost” (RC) basis. RC is a amortisation adjusted to remove the impact total sh
Slide 20: For personal use only
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