Viva Energy Group Ltd. · ASX:VEA
Viva Energy — Corporate Update (November 2018)
24 slides from Viva Energy's corporate update, Nov 23, 2018
Slide 1: Clyde and Gore Bay Site Visit Presentation
For personal use only 23 November 2018 Clyde and Gore Bay Site Visit Presentation Viva Energy’s presentation, delivered at the investor and analyst site tour of Clyde and Gore Bay on 23 November 2018, is attached. Further enquiries: Media Enquiries Investor Relations T: +61 438 954 729 Karla Wynne H
Slide 2: About Viva Energy
For personal use only About Viva Energy Viva Energy (ASX: VEA) is one of Australia’s leading energy companies and supplies approximately a quarter of the country’s liquid fuel requirements. It is the exclusive supplier of high quality Shell fuels and lubricants in Australia through an extensive netw
Slide 3: Clyde and Gore Bay Site Visit
Viva Energy Australia For personal use only Clyde and Gore Bay Site Visit 23 November 2018
Slide 4: Business update
For personal use only Business update
Slide 5: Guidance update
Guidance update For personal use only Prospectus2 Updated Underlying Refining guidance update for FY2018 primarily due to $m Underlying EBITDA EBITDA (RC) Change 1 (RC) forecast FY2018 guidance FY2018 lower refining margins1 Retail 618 608 (10) Group volumes 1.0%-1.5% lower than Prospectus 2 primari
Slide 6: Retail
Retail For personal use only Overview Retail Underlying EBITDA (RC) $m • FY2018 Underlying EBITDA (RC) expected to be lower than prospectus forecast for Retail by up to $10m1 • Volumes have stabilized, however marginal growth assumed into the end of FY2018 has not materialised Period on • Continued
Slide 7: Commercial
Commercial For personal use only Overview Commercial Underlying EBITDA (RC) $m • Reaffirm FY2018 prospectus forecast for Commercial1 • Sales volumes remain robust Period on 12% -1% period growth • Commissioned new Jet tank to grow Cairns Jet market position • Commissioned new bitumen import facility
Slide 8: Refining
Refining For personal use only Refining Underlying EBITDA (RC) Overview Geelong • FY2018 Refining EBITDA (RC) guidance revised to $150m (from $217m1) Refining Margin 11.8 7.9 10.2 8.3 8.0 9.7 primarily driven by lower refining margins and power outage in August (US$/bbl) • Geelong Refining Margin fo
Slide 9: Refining Margin: the Market
Refining Margin: the Market For personal use only Gasoline and Diesel Cracks1 (US$/bbl) Gasoline Crack Diesel Crack 25 • The gasoline and diesel crack refers to the difference between the regional quoted crude price and regional quoted ULP 92 gasoline or 20 diesel price, providing an approximate mar
Slide 10: Supply, Corporate and Overheads
Supply, Corporate and Overheads For personal use only Corporate and Overheads Supply Chain, Corporate and Overheads Underlying EBITDA • Supply Chain, Corporate and Overheads ahead of Prospectus Underlying EBITDA (RC) forecast by approx. (RC) $m $15m1 due to management of costs right across the busin
Slide 11: Proforma group financials
Proforma group financials For personal use only Underlying EBITDA $m Net Profit After Tax $m Historical Cost (“HC”) 483 394 626 207 212 355 Replacement Cost (“RC”) 634 361 6051 535 543 3241 455 280 244 255 323 176 FY2015A FY2016A FY2017A FY2018 FY2018F 1H2019F FY2015A FY2016A FY2018 FY2018F 1H2019F
Slide 12: Viva Energy Infrastructure
Viva Energy Infrastructure For personal use only
Slide 13: Strategic nationwide infrastructure
Strategic nationwide infrastructure For personal use only Highly integrated network of terminals, pipelines and oil refinery Darwin Cocos Islands Weipa 2017A Supply, Corporate and Overheads Underlying EBITDA (RC) ($561m) Cairns Broome Supply, Corporate and Overheads comprises Townsville
Slide 14: Flexible operations
Flexible operations For personal use only Geelong Refinery key metrics Flexibility of crude Intake (2017)1 Production slate (2017) 1% 3% 1 120 kbbls/d capacity 5% Local Crude Other 2 9.44 Nelson Complexity index 36% and Gasoline Condensate White barrel production of 102kbbls/d in 39% Jet Fuel 34% 3
Slide 15: Strategic nationwide infrastructure
Strategic nationwide infrastructure For personal use only Highly integrated manufacturing, supply and distribution assets developed over 110 years Darwin Cocos Islands 19 24.5%1 share of 204 NSW/ACT total fuels Brisbane 152 NSW/ACT retail network 84 # sites Total 392 Perth NSW Newcastle Adelaide All
Slide 16: NSW Market Position
NSW Market Position For personal use only One of the largest and most developed markets in Australia 1 NSW is the most populous state with 7.95m residents and NSW & ACT demand annual population growth of c. 1.3%2 by product1 Other, 6% No refining capacity in NSW means import capability is 2 a key dr
Slide 17: NSW Infrastructure
NSW Infrastructure For personal use only Significant and advantaged position to support markets throughout the State Caltex Newcastle Pipeline Stolthaven Newcastle 1 Only working industry terminal in Plumpton 54ML Viva Energy Diesel storage (126ML total), 4 gantry bays Port Jackson 2 Barge operation
Slide 18: Gore Bay Import Terminal
Gore Bay Import Terminal For personal use only Unique infrastructure position inside Sydney Harbour 1 Only industry terminal located within Sydney Harbour Capable of receiving supertankers such as LR2s carrying up to 100ML 2 3 Stores diesel and fuel oil for supply to marine industry by barge 4 Dedic
Slide 19: Clyde and Paramatta Terminal
Clyde and Paramatta Terminal For personal use only Unique infrastructure position inside Sydney Harbour 1 Recently converted from refinery operations to large scale modern terminal 2 Largest terminal in Viva Energy network with capacity to expand further 3 Well located in the population centre of Sy
Slide 20: Site tour information
Site tour information For personal use only
Slide 21: Clyde Terminal Conversion Project
Clyde Terminal Conversion Project For personal use only 1 Significant undertaking to modernise and create large scale import terminal in central Sydney to support growing market 2 Multi year project which will be fully completed by mid-2019 3 Scope included demolition of redundant refinery infrastru
Slide 22: Clyde and Gore Bay HSSE performance
Clyde and Gore Bay HSSE performance For personal use only HSE statistics 2015 to 2018 • Personal Safety: • 1 x Lost Time Injury (Gore Bay, ankle injury to security guard) • 4 x Medical Treatment Cases • 3 x Restricted Work Cases • Only 1 recordable injury in 2017 (hand injury requiring medical treat
Slide 23: Important notice and disclaimer
Important notice and disclaimer For personal use only This presentation has been prepared by Viva Energy Australia must seek advice on and observe any such information contained in this presentation. Except to trademarks under license. The views expressed in Group Limited, ACN 626 661 032 (“Viva Ene
Slide 24: Thank you
For personal use only Thank you