Viva Energy Group Ltd. · ASX:VEA
Viva Energy — Macquarie Australia Conference 2025
21 slides from Viva Energy's conference presentation, May 6, 2025
Slide 1: Viva Energy Macquarie Australia Conference May 2025
For personal use only Viva Energy Macquarie Australia Conference May 2025
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Viva Energy Group Limited, in preparing the information and assumptions contained in this known and unknown risks, uncertainties and other factors that may ACN 626 661 032 (“Company” or “Viva Energy”). presentation, however no re
Slide 3: Why Invest in Viva Energy
Why Invest in Viva Energy Strategic infrastructure, capability, and diversification provide an enduring competitive advantage For personal use only Convenience Commercial Energy Extend a world-class convenience offering to Excel in high-touch relationships with Australian Develop strategic infrastru
Slide 4: 1Q2025 Trading Update
1Q2025 Trading Update Trading performance in line with guidance, supported by improved retail fuel margins into 2Q For personal use only Change • Commercial fuel sales -6.0% due to adverse weather events 1Q2025 1Q20241 affecting key mining markets and reduced sales into lower margin (%) (#) wholesal
Slide 5: Convenience Strategy
For personal use only Convenience Strategy Viva Energy Group Limited Macquarie Australia Conference 2025
Slide 6: Fuel & Convenience Sector
Fuel & Convenience Sector Steady long-term growth, resilient through periods of economic turbulence Industry convenience sales growth1 Industry fuel volume vs margin2 For personal use only 20% 20.0 18.2 26 18.0 16.8 17.0 15.2 14.1 14.3 16.0 10% 13.6 13.8 Fuel volumes (BL) 12.9 12.8 24 14.0 12.0 0% 1
Slide 7: Transformation and Growth Strategy
Transformation and Growth Strategy Three steps to becoming a leading convenience retailer For personal use only Retail branded network and fuel supplier 1. Take control of the shop 2. Extend the network 3. Transform the offering Leading • Rebrand of Coles to Reddy • Reached ~1,000 stores • Extend OT
Slide 8: Fuel & Convenience Network
Fuel & Convenience Network Largest company-operated fuel & convenience network in Australia Store convenience (excl. QSR) & fuel sales by state For personal use only 982 Fuel & Convenience stores nationwide 35% 6761 30% 25% 181 20% 15% 10% 92 5% 0% 332 SA NSW VIC QLD WA NT ACT TAS Convenience sales
Slide 9: Quick Service Restaurant (QSR) Network
Quick Service Restaurant (QSR) Network Strong network of company operated QSR operations with considerable opportunity to grow OTR QSR network (company-operated) For personal use only • Express network has ~200 sub-tenancies with ~60 existing QSR Standalone Integrated Total stores 7 46 53 • Majority
Slide 10: Liberty Convenience
Liberty Convenience Provides a differentiated fuel and convenience offering for price-led customers For personal use only • Acquisition of the remaining 50% interest of Liberty Convenience (LOC) was completed on 31 Mar 2025 • Expected to contribute $20M – $25M to C&M EBITDA (RC) in FY25 • Establishe
Slide 11: Sales Performance
Sales Performance Combining the strengths of OTR (convenience) and Express/Liberty (fuel) offers greater upside potential For personal use only Shop sales by network quartile Fuel sales by network quartile 12 mths to 31 December 2024 12 mths to 31 December 2024 100% 4.0 100% 10.0 $M per annum ML per
Slide 12: Performance Drivers
Performance Drivers Convenience and QSR represent around 50% of margin contribution with significant potential for growth C&M gross margin contribution1 Earnings sensitivity p.a.2 For personal use only 100% 7% -2.0% Every +1CPL fuel margin +$36M -12.1% 13% Every +1% fuel sales +$8M 75% Every +1% ex-
Slide 13: Network Conversion Opportunity
Network Conversion Opportunity On track to deliver 40 to 60 OTR format stores in 2025, with ~10 commencing in 2Q2025 Fuel & Convenience store operating metrics excl. QSR (p.a.) OTR store roll-out plan (FY25) For personal use only 12 mths to 31 December 2024 operating >1yr Avg. # F&C stores 682 167 A
Slide 14: Convenience Synergies
Convenience Synergies On track to realise $30M of C&M synergies in 2H2025 For personal use only Target synergies 2025 2026 90M+ Above store Above- Rationalise ~$250M of above-store costs ~$70M costs store costs (restructuring, marketing, above store procurement) Supply chain Supply Rationalise suppl
Slide 15: Key FY2025 Objectives
Key FY2025 Objectives Complete majority of retail transition to focus on accelerated delivery from 2H2025 For personal use only 1H25 – Transition 2H25 – Delivery • Integrate Express and OTR organisations and • Deliver $30M of C&M synergies ($60M p.a. run-rate support centres by year-end) • Accelerat
Slide 16: Capital Management
VIVA ENERGY: UNRESTRICTED For personal use only Capital Management
Slide 17: Capital Management
Capital Management Leverage to reduce as intensive capex period concludes and earnings initiatives take effect For personal use only 2025 2026 2027 Sustaining ~$250M – 300M p.a. (on average) Capital1 Growth2 ~$100M – 150M p.a. (on average) ULSG & Aromatics Compliance (net ~$50M remaining)3 • Gearin
Slide 18: Refining Outlook
Refining Outlook Period of major investment comes to an end, freeing up capital for retail investment and reducing leverage For personal use only Refining sustaining capex forecast ($M) • Major turnaround of RCCU and associated units planned for 3Q25 (~10 weeks). Expected to reduce FY25 GRM by ~US$4
Slide 19: Q&A
For personal use only Q&A
Slide 20: Glossary
Glossary Replacement Cost (“RC”) EBITDA (RC) Geelong Refining Margin For personal use only Viva Energy reports its performance Profit before interest, tax, depreciation The Geelong Refining Margin is a on a “replacement cost” (RC) basis. and amortisation adjusted to remove the non-IFRS measure calcu
Slide 21: For personal use only
VivA EnergyAustralia
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