Ampol Limited · ASX:ALD
Ampol — Shareholder Meeting (May 2023)
38 slides from Ampol's shareholder meeting presentation, May 12, 2023
Slide 1: 2023 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 2023 Annual General Meeting Addresses and Presentation Friday 12 May 2023 (Sydney) Authorised for release by: the Disclosure Officers of Ampol Limited INVESTOR CONTACT MEDIA CONTACT Fran van Rey
Slide 2: Chairman's opening and meeting procedures
AMPOL LIMITED ANNUAL GENERAL MEETING 2023 Good morning and welcome to the 2023 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. In 2021, Am
Slide 3: Voting procedures and introductions
For those shareholders participating in the meeting via the online platform, you can cast your direct vote using the electronic voting card that you received when you validated the registration. If you have any questions about casting your vote online, please refer to the Virtual Online platform gui
Slide 4: Review of 2022 performance
We also have our Company Secretary, Faith Taylor, here with us. Members of the Ampol Leadership Team are in the room today. Representatives of our external auditor, KPMG, are also in attendance. Before we get to items of business, I will provide a review of 2022 performance, and then hand over to ou
Slide 5: Shareholder returns and tax contributions
continue to navigate volatility and deliver supply security, while at the same time delivering strong returns for shareholders. It was pleasing to see that in the last four years Ampol has delivered over $1.75 billion of tax effective shareholder returns, including fully franked dividends and off-ma
Slide 6: Z Energy acquisition and strategic priorities
Importantly, the acquisition of Z Energy complements our existing operations in Singapore and the Philippines and provides Ampol with a significant competitive advantage in the South-East Asia and Pacific markets. This focused international presence and expertise will create growth opportunities and
Slide 7: Managing Director and CEO address
Thank you Chairman and good morning everyone. It remains an honour to lead this great Australian company. I am proud that in 2022 strong ongoing operational performance has allowed us to deliver exceptional outcomes for shareholders, customers, and communities as we continued to successfully execute
Slide 8: Z Energy, capital allocation and energy transition
We also completed the acquisition of Z Energy in New Zealand, as Steven already mentioned. Like Australia, in 2022 the New Zealand market was negatively impacted by high fuel prices and COVID-19 in the initial months following acquisition, but Z delivered strong performance in the second half of 202
Slide 9: EV charging and community
also finalised an agreement with the NSW Government to deliver 19 fast charging sites and over 110 charging bays in key areas of NSW, including over 50 bays at eight ‘at-destination’ sites outside our retail network. In total, our initial commitment is to deliver more than 100 fast-charging sites an
Slide 10: First quarter 2023 trading update
Actions have also been taken to improve operations to prevent reoccurrence and further work is underway to deliver additional improvements in wastewater management at the facility. We have also implemented a range of initiatives to strengthen our community engagement and communication, and we remain
Slide 11: For personal use only
Ampol Limited 2023 Annual General Meeting For personal use only Ampol Limited 2023 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 957 038 (within Press *1 on your keypad for the If at any time you no longer Australia) or +61 2 8016 6129 item of business that your wish to ask a question or (outside Australia). qu
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 Type in your question and click are able to ask questions “Submit” Comments on resolutions can Click on “Ask a Question” also be submitted through “Ask a Question” Select “General Business” or a sp
Slide 14: Voting online
For personal use only Voting online Lodging your votes Click “Get a Voting Card” Fill out your voting card (top and bottom of platform) for each item of business Enter your SRN/HIN or Click “Submit Vote” Proxy Number and Postcode Click “Submit Details and Vote” Ampol Limited 2023 Annual General Meet
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 Secretary
Board of Directors and Company Secretary For personal use only Steven Gregg Matthew Halliday Mark Chellew Melinda Conrad Faith Taylor Chairman Managing Director and CEO Non-executive Director Non-executive Director Company Secretary Elizabeth (Betsy) Donaghey Michael Ihlein Gary Smith Penny Winn Sim
Slide 17: Ampol Leadership Team
Ampol Leadership Team For personal use only Matthew Halliday Faith Taylor Greg Barnes Lindis Jones Managing Director and CEO Executive General Manager, Group General Group Chief Financial Officer Executive General Manager, Z Energy Counsel, Regulation and Company Secretary Meaghan Davis Brent Merric
Slide 18: Chairman's Address
Chairman’s Address For personal use only Ampol Limited 2023 Annual General Meeting 8
Slide 19: Record operational and financial performance
Record operational and financial performance For personal use only Record RCOP EBITDA1 Record total sales volumes 1 764m $ , 24.3b litres 84% 10% Record RCOP EBIT1 Record full year fully franked total dividend of 1 317m $ , 124% 275cps $655 million returned to shareholders, represents 86% of RCOP NP
Slide 20: Operational and strategic highlights
Operational and strategic highlights For personal use only Ampol Limited 2023 Annual General Meeting 10
Slide 21: Z Energy acquisition
Z Energy acquisition For personal use only Ampol Limited 2023 Annual General Meeting 11
Slide 22: We remain focused on balancing four priorities
We remain focused on balancing four priorities For personal use only Investing to ensure strong Ongoing strong shareholder operational performance returns Using strengths to strategically grow the Investing prudently in future business energy 12
Slide 23: Managing Director and CEO's Address
Managing Director and CEO’s Address For personal use only Ampol Limited 2023 Annual General Meeting 13
Slide 24: Strong performance across our value chain
Strong performance across our value chain For personal use only Record earnings at Lytton Higher earnings in International and Fuels & Infrastructure Improved earnings across Convenience Retail Record total fuel sales 14 14
Slide 25: Momentum on operational and strategic priorities
Momentum on operational and strategic priorities For personal use only • Ampol rebrand complete – delivered in just under two years with a positive response from customers • Non-fuel RCOP EBIT uplift target delivered ahead of schedule – well positioned to pursue disciplined growth going forward • Z
Slide 26: Milestones in sustainability
Milestones in sustainability For personal use only Total community contributions in Australia $ 4.1m 29 % Including over $1 million raised for community partners through our retail network AmpCharge EV charging solution launched Initial commitment to deliver more than 100 fast- charging sites and ov
Slide 27: First quarter trading update
First quarter trading update For personal use only Ampol Limited 2023 Annual General Meeting 17
Slide 28: General questions
General questions For personal use only Ampol Limited 2023 Annual General Meeting 18
Slide 29: Items of business
Items of business 1. Annual Reports For personal use only 2. Adoption of Remuneration Report 3. (a) Re-election of Melinda Conrad as a Director 3. (b) Election of Simon Allen as a Director 4. Grant of 2023 Performance Rights to the Managing Director and Chief Executive Officer Ampol Limited 2023 Ann
Slide 30: Adoption of Remuneration Report
2. Adoption of Remuneration Report For personal use only Ampol Limited 2023 Annual General Meeting 20
Slide 31: Adoption of Remuneration Report: proxy votes
Adoption of Remuneration Report Proxy votes For personal use only For 171,402,449 97.92% Against 3,265,935 1.87% Open 367,212 0.21% Abstain 257,872 Ampol Limited 2022 Annual General Meeting 21
Slide 32: Re-election of Melinda Conrad
3a. Re-election of Melinda Conrad For personal use only Ampol Limited 2023 Annual General Meeting 22
Slide 33: Re-election of Melinda Conrad: proxy votes
Re-election of Melinda Conrad Proxy votes For personal use only For 166,449,962 94.95% Against 8,486,492 4.84% Open 364,101 0.21% Abstain 16,398 Ampol Limited 2023 Annual General Meeting 23
Slide 34: Election of Simon Allen
3b. Election of Simon Allen For personal use only Ampol Limited 2023 Annual General Meeting 24
Slide 35: Election of Simon Allen: proxy votes
Election of Simon Allen Proxy votes For personal use only For 172,556,346 98.44% Against 2,379,618 1.36% Open 363,424 0.21% Abstain 17,839 Ampol Limited 2023 Annual General Meeting 25
Slide 36: Grant of 2023 Performance Rights to the Managing Director and CEO
4. Grant of 2023 Performance Rights to the Managing For personal use only Director and Chief Executive Officer Ampol Limited 2023 Annual General Meeting 26
Slide 37: Grant of 2023 Performance Rights: proxy votes
Grant of 2023 Performance Rights to the Managing Director and Chief For personal use only Executive Officer Proxy votes For 172,140,397 98.35% Against 2,532,444 1.45% Open 357,743 0.20% Abstain 230,549 Ampol Limited 2023 Annual General Meeting 27
Slide 38: For personal use only
Ampol Limited 2023 Annual General Meeting For personal use only Ampol Limited 2023 Annual General Meeting 28