Viva Energy Group Ltd. · ASX:VEA
Viva Energy — Shareholder Meeting (May 2024)
35 slides from Viva Energy's shareholder meeting presentation, May 21, 2024
Slide 1: 2024 Annual General Meeting
21 May 2024 The Manager Market Announcements Office Australian Securities Exchange Electronic lodgment For personal use only 2024 Annual General Meeting The following materials are to be presented at Viva Energy’s 2024 Annual General Meeting (AGM) being held today: 1. Chairman and CEO Addresses 2. A
Slide 2: Chairman address
Chairman address Good afternoon, and welcome to Viva Energy’s 2024 Annual General Meeting. I am Robert Hill and I am honoured to serve as the Chairman of Viva Energy. It is now just after 2pm Australian Central Standard Time. We have a quorum present and I declare this Annual General Meeting of Viva
Slide 3: Chairman address (continued)
We also have joining us in person here in Adelaide, Trevor Johnston, representing our auditor, PricewaterhouseCoopers. Trevor will be available to answer questions on the auditor’s report later in the meeting. Before we go through the formal business, Scott and I will address the meeting on our perf
Slide 4: Chairman address (continued)
In our Commercial and Industrial business we are seeing year on year growth. Commercial and Industrial fuel sales grew by 12.6% in 2023, and we have secured a number of important strategic accounts which will deliver further growth in the years ahead. I am particularly proud of the fact that the Aus
Slide 5: CEO Address
CEO Address Thank you Robert and welcome to all our shareholders and guests with us today. Last year was indeed a busy year for the company. The extended major maintenance activity at Geelong Refinery and the transition of the Coles Express business, including taking full control of operations acros
Slide 6: CEO Address (continued)
It’s an important driver of growth, but also an important part of our response to the energy transition. During the year, we completed the acquisition of Coles Express and more recently completed on the acquisition of OTR. Together, these retail platforms provide the pathway to substantially improvi
Slide 7: CEO Address (continued)
healthy demand across most sectors and new business wins. Our retail operations performed well despite adverse weather in some markets, general cost-of-living pressures affecting fuel demand and lower tobacco sales, with continued growth across other convenience categories. We see cost of living pre
Slide 8: Annual General Meeting 2024
For personal use only Annual General Meeting 2024 We’re here to keep you going
Slide 9: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Viva Energy Group presentation. All reasonable care has been taken in preparing upon as an indication or guarantee of future performance. Limited, ACN 626 661 032 (“Company” or “Viva Energy”). the information and assumptions cont
Slide 10: How to vote online
How to vote online 1 Click on 2 Enter your Shareholder Number 3 Fill out your voting card For personal use only Get a Voting Card (SRN/HRN) or Proxy Number and for each item of business on the top and bottom click Submit Details and Vote and click Submit Vote of your screen or Submit Partial Vote ?
Slide 11: How to ask questions online
How to ask questions online 1 Click on Ask a Question 2 Select an item of business from the ? If you experience any For personal use only on the top and bottom drop-down menu and type your question technical difficulties, of your screen in the space provided. When ready, please call the help line cl
Slide 12: How to ask phone questions
How to ask phone questions 1 Call 1800 416 188 (within Australia) or +61 2 9189 1107 (outside Australia) and when prompted, For personal use only enter your unique PIN followed by the hash key. Please mute your computer if you have also joined on the online platform. 2 When the Chairman calls for qu
Slide 13: Board of Directors
Board of Directors For personal use only Robert Hill Scott Wyatt Arnoud De Meyer Sarah Ryan Chairman Chief Executive Officer Independent Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director Executive Director Nicola Wakefield Evans Dat Duong Michael Muller Ind
Slide 14: Chairman's address
For personal use only Chairman’s address Robert Hill Viva Energy Group Limited Annual General Meeting 2024 7
Slide 15: Chairman's address
Chairman’s address Convenience Energy Geelong Performance For personal use only & Mobility Security & Energy Hub & Capital Transition Advancements Management Viva Energy Group Limited Annual General Meeting 2024 8
Slide 16: CEO's address
For personal use only CEO’s address Scott Wyatt Viva Energy Group Limited Annual General Meeting 2024 9
Slide 17: Safety and environment
Safety and environment Successfully meeting new challenges in FY2023 following Coles Express acquisition and addition of ~6,000 retail employees Fuel and Total Recordable Injury Loss of primary containment Process safety events2 For personal use only Frequency Rate1 (>100KG)2 4 3 6.7 6.6 29 6.0 24 2
Slide 18: FY23 highlights
FY23 highlights Strong underlying performance and significant progress on our strategic agenda Performance For personal use only Group fuel sales Group EBITDA (RC) Net debt FY2023 dividends +9% $713M $380M 15.6 CPS To 15.5BL +16% excl. Refining +$671M on FY2022 +9% excl. Refining Strategy Completed
Slide 19: 1Q2024 operating update
1Q2024 operating update Strong performance supported by sales growth, the Geelong Refinery operating near full capacity and continued progress with our strategic agenda (OTR acquisition completed 28 March 2024) For personal use only Change 1Q2024 1Q2023 (%) (#) Commercial & Industrial delivered reco
Slide 20: FY2024 outlook
FY2024 outlook Diversity of three businesses and growth initiatives to support earnings For personal use only • Market fuel demand growth subdued due to higher prices and cost-of-living pressures Convenience • Focus on driving continued growth across range of retail offers, non-tobacco convenience s
Slide 21: Formal business
For personal use only Formal business Robert Hill Viva Energy Group Limited Annual General Meeting 2024 14
Slide 22: Items of business
Items of business 1 Financial Report, Directors’ Report and Auditor’s Report For personal use only 2 Adopt Remuneration Report 3(a) Re-elect Sarah Ryan as a Director of the Company 3(b) Re-elect Robert Hill as a Director of the Company 4 Grant Performance Rights to Scott Wyatt under the Company’s Lo
Slide 23: Financial Report, Directors' Report and Auditor's Report
Item 1 Financial Report, Directors’ Report and Auditor’s Report For personal use only To consider the Company’s Financial Report, Directors’ Report and Auditor’s Report for the financial year ended 31 December 2023. There is no vote for this Item. Note: PwC has served as the auditor of Viva Energy G
Slide 24: Adopt Remuneration Report
Item 2 Adopt Remuneration Report For personal use only To adopt the Company’s Remuneration Report for the financial year ended 31 December 2023. The vote on this item is advisory only and does not bind the Board or the Company. Viva Energy Group Limited Annual General Meeting 2024 17
Slide 25: Adopt Remuneration Report: vote results
Item 2 Adopt Remuneration Report For personal use only Direct and % of vote proxy votes FOR 1,272,666,509 98.70% AGAINST 16,318,298 1.27% OPEN 406,689 0.03% ABSTAIN 66,554 Viva Energy Group Limited Annual General Meeting 2024 18
Slide 26: Re-elect Sarah Ryan as a Director
Item 3(a) Re-elect Sarah Ryan as a Director of the Company For personal use only Appointed as a Director Background 18 June 2018 Sarah Ryan has over 30 years of international experience in the energy industry, including technical, operational and leadership roles at a number of oil and gas Board Com
Slide 27: Re-elect Sarah Ryan: vote results
Item 3(a) Re-elect Sarah Ryan as a Director of the Company For personal use only Direct and proxy votes % of vote FOR 1,284,466,055 99.56% AGAINST 5,290,917 0.41% Sarah Ryan OPEN 426,634 0.03% Independent Non-Executive Director ABSTAIN 1,863 PhD (Petroleum Geology and Geophysics), BSc (Geophysics) (
Slide 28: Re-elect Robert Hill as a Director
Item 3(b) Re-elect Robert Hill as a Director of the Company For personal use only Appointed as a Director Background 18 June 2018 The Hon. Robert Hill is a former barrister and solicitor who specialised in corporate and taxation law and who now consults in the area of international Board Committees
Slide 29: Re-elect Robert Hill: vote results
Item 3(b) Re-elect Robert Hill as a Director of the Company For personal use only Direct and proxy votes % of vote FOR 1,235,919,095 95.79% AGAINST 53,837,876 4.17% Robert Hill OPEN 426,634 0.03% Chairman Independent Non-Executive Director ABSTAIN 1,864 LLB, BA, LLD(Hon), LLM, DPolSc(Hon) Viva Energ
Slide 30: Grant Performance Rights to Scott Wyatt
Item 4 Grant Performance Rights to Scott Wyatt under the Company’s Long Term Incentive Plan For personal use only To approve for all purposes, including ASX Listing Rule 10.14, the grant of 798,270 Performance Rights to Scott Wyatt, the Company’s Chief Executive Officer and Managing Director, under
Slide 31: Performance Rights grant: vote results
Item 4 Grant Performance Rights to Scott Wyatt under the Company’s Long Term Incentive Plan For personal use only Direct and proxy votes % of vote FOR 1,273,982,079 98.74% AGAINST 15,801,200 1.22% OPEN 399,979 0.03% ABSTAIN 2,211 Viva Energy Group Limited Annual General Meeting 2024 24
Slide 32: Financial assistance (special resolution)
Item 5 Financial assistance (special resolution) For personal use only To approve, for the purpose of section 260B(2) of the Corporations Act and for all other purposes, the grant of financial assistance by each OTR Target Entity in connection with the acquisition by Viva Energy Retail of all of the
Slide 33: Financial Assistance: vote results
Item 5 Financial Assistance For personal use only Direct and proxy votes % of vote FOR 1,272,314,242 98.62% AGAINST 17,339,210 1.34% OPEN 472,887 0.04% ABSTAIN 59,130 Viva Energy Group Limited Annual General Meeting 2024 26
Slide 34: Thank you
For personal use only Thank you Please complete your voting Viva Energy Group Limited Annual General Meeting 2024 27
Slide 35: Viva Energy
VivA EnergyAustralia