Viva Energy Group Ltd. · ASX:VEA
Viva Energy — H1 2026 Earnings Presentation
33 slides from Viva Energy's earnings presentation, Aug 25, 2026
Slide 1: 2026 Half Year Results
2026 Half Year Results Half Year ended 30 June 2026
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Viva Energy Group Limited, fairness, accuracy, completeness or correctness of the information, achievements to differ materially from any future results, performance or ACN 626 661 032 (“Company” or “Viva Energy”). opinions and c
Slide 3: 1H26 Group Performance
1H26 Group Performance Strong performance across all segments has strengthened the balance sheet Safety Group Shop EBITDA3 -21% 1.3% GRM 156% 0.1%2 Fuel Sales Margin $362M $452M $305M $774M 5.5 TRCF1 8.5BL US$21.1/bbl 37.7% E&I Improving C&M fuel Middle East Stable margins C&I personal safety sales
Slide 4: Geelong Refinery Fire
Geelong Refinery Fire Professional response and recovery minimised the impact to people and assets • Geelong experienced a significant process safety incident in April which resulted in a fire in the Mogas Alkylation complex • All personnel were accounted for and the fire was contained to the Alkyla
Slide 5: Energy
Energy - Commercial and Industrial - Energy and Infrastructure Scott Wyatt Viva Energy Group Limited – 1H26 Results Presentation 5
Slide 6: 1H26 Achievements
1H26 Achievements Advantaged energy infrastructure underpinning significant earnings growth in E&I and C&I Response to Middle East Advantaged infrastructure Government Fuel Security • Maintained supply to customers despite • Refining benefited from elevated global • Completed commissioning of Ultra
Slide 7: 1H26 Commercial and Industrial Performance
1H26 Commercial and Industrial Performance Continued strong performance through period of substantial disruption to international supply chains C&I Sales Volumes (ML) C&I EBITDA ($M)1 54.1 1.7 305.4 11.8 5,876 5,804 5,865 237.9 5,336 682 667 682 4,634 677 571 1,569 1,613 1,606 1,232 805 1H25 Growth
Slide 8: 1H26 Energy and Infrastructure Performance
1H26 Energy and Infrastructure Performance Exceptional performance underpinned by strong regional refining margins Refining Production E&I EBITDA ($M)1 323.4 6.9 1H22 1H23 1H24 1H25 1H26 7.8 353.7 17% 12% 11% -24.2 23% 24% 9% 9% 5% 10% 8% 38% 36% 41% 29% 36% 37% 38% 41% 44% 32% Gasoline Diesel Jet O
Slide 9: Government Strengthening Australia's Fuel Security and Resilience Program
Government “Strengthening Australia’s Fuel Security and Resilience” Program Government $14.8B fuel security reforms provides opportunity to strengthen Geelong Energy Hub and Supply Chains 01 Refining Retention 02 Australian Fuel 03 Minimum Stockholding Reserve Obligations • Policy to support domesti
Slide 10: Convenience Retail
Convenience Retail Jennifer Gray
Slide 11: 1H26 Convenience and Mobility Performance
1H26 Convenience and Mobility Performance Improving fuel sales and retail margins driving strong EBITDA1 growth C&M Fuel Sales (ML) C&M EBITDA ($M)1 53 2,574 2,626 2,401 (29) 1,143 1,225 56 1,044 (20) (16) 139 (11) 31 105 1,357 1,430 1,401 74 1H24 1H25 1H26 Petrol Diesel C&M Convenience Sales ($M) 1
Slide 12: 1H26 Achievements
1H26 Achievements Progressing key retail growth initiatives which sets platform for future growth RETAIL GROWTH PRIORITIES Team & Customer Retail Excellence Efficient supply Curation of offer Right network and Obsessed chain format • Promptly passed • Appointed a new • Established • Initiated produc
Slide 13: Right Network and Format
Right Network and Format FY26 program adapted to evolving market conditions while maintaining disciplined growth Network Snapshot (Jun’26) New Store and Conversion Program 635 • Network development plan adapted to evolving market conditions, directing capital to the highest-return opportunities 255
Slide 14: Efficient Supply Chain
Efficient Supply Chain Independent supply-chain establishes critical platform for convenience growth from FY27 Implementation Progress Benefits • Consolidated convenience supply chain which supports OTR, Reddy Express and S24 range Q1 Q2 Q3 Q4 and offers. • Greater control over the development of cu
Slide 15: Retail earnings growth roadmap | FY26–FY27
Retail earnings growth roadmap | FY26–FY27 Complete the FY26 operating platform, then scale range, buying and network benefits through FY27 3Q26 4Q26 1Q27 2Q27 Utilise active customer data to personalise offers Review customer feedback to refine offer Team & Customer Obsessed Reset promotion cadence
Slide 16: Financial performance
Financial performance Carolyn Pedic Viva Energy Group Limited – 1H26 Results Presentation 16
Slide 17: 1H26 Financial Performance by Segment
1H26 Financial Performance by Segment Earnings growth across all business segments supported the reduction in net debt Change 1H26 1H25 (%) EBITDA (RC) 774.4 304.9 154.0% EBIT (RC) 616.1 176.0 250.0% • Convenience & Mobility delivered stronger performance from higher NPAT (RC) 371.1 62.6 492.8% fuel
Slide 18: 1H26 Cash Flow
1H26 Cash Flow Strong cashflow through the period Group cash flow bridge ($M) 774.4 328.1 603.9 (307.1) 387.4 (191.6) (119.3) (72.1) (25.1) (31.0) 71.3 (285.1) Largely related to revaluation loss on FX & derivatives 2 EBITDA (RC) Net Changes Other1 Operating Capex Finance Income FCF before Dividends
Slide 19: Capital Expenditure
Capital Expenditure Focus on reducing capital expenditure following a period of heavy investment in the refining business Capex ($M) 491 494 452 1H26 Capex $M 350 - 400 Convenience and Mobility 60.4 Commercial and Industrial 19.4 Energy and Infrastructure & Energy Hub Projects1 43.2 Net capital expe
Slide 20: Balance Sheet
Balance Sheet Strong 1H26 earnings and timing of capex and tax payments lowered net debt Net Debt ($M) 2,074.8 32.6 1,720.0 Highlights 119.3 72.1 25.1 • Balance sheet strengthened in 1H26 supported by strong (603.9) earnings conversion and capex program weighted to 2H26 • Gearing (Net debt to EBITDA
Slide 21: Capital Management Framework
Capital Management Framework Disciplined priorities to strengthen the balance sheet and create long-term shareholder value Cash flow from Cash for investing Net interest & Priorities operating activities activities lease payments • Lower levels of capital expenditure during FY26 (~$100M to ~$150M lo
Slide 22: Capital Management Framework
Capital Management Framework Progress on priorities to lower capital intensity and improve cash generation Priorities Progress update • FY26 capex guidance reaffirmed at $350-400M, materially below FY25 expenditure Lower FY26 capex by ~$100–150M vs FY25 of $494M. Reduce net working capital through i
Slide 23: Dividends
Dividends Determined interim fully franked dividends of 7.73 cps in 1H2026 1H25 1H26 • Determined interim fully franked dividend of 7.73 cps, representing a 70% payout ratio of C&M and C&I 1H26 $M unless noted otherwise Group C&M C&I E&I Group NPAT (RC), top end of policy • Dividend attributed with
Slide 24: Outlook
Outlook Scott Wyatt Viva Energy Group Limited – 1H26 Results Presentation 24
Slide 25: Outlook
Outlook Positive outlook with clear initiatives in place driving growth across all businesses Energy (E&I and C&I) Convenience (C&M) • Continued tightness in oil and fuel supply from ongoing conflicts in • Retail fuel margins have softened following rising international oil the Middle East and Ukrai
Slide 26: Conclusion
Conclusion Focused on disciplined execution, earnings growth and sustainable balance sheet strength Key drivers of shareholder value • Improve retail execution, complete transition activities, reduce world class operating cost, and drive top-line convenience growth and convenience retailer support m
Slide 27: Appendix
Appendix Viva Energy Group Limited – 1H26 Results Presentation 27
Slide 28: Health, Safety and Environment
Health, Safety and Environment Improved HSE performance across the broader business, notwithstanding the major Geelong Refinery incident Injury frequency rates1 Loss of primary containment Process safety events1 (>100KG)1 Total Recordable Injuries2 7.6 6.6 7.0 2 2 5.5 1 28 29 0 19 1 1 1 1 9 FY23 FY2
Slide 29: C&M Operating Metrics and Financials
C&M Operating Metrics and Financials Metric 1H22 FY22 1H23 FY23 1H24 FY24 1H25 FY25 1H26 Company-operated stores # - - 706 706 1,200 1,200 1,293 1,298 1,268 Company-operated F&C stores # - - 706 706 890 890 979 984 983 Express # - - 706 706 680 676 663 643 635 OTR F&C # - - - - 210 214 224 246 251 I
Slide 30: Refinery – Margin Analysis and Key Drivers
Refinery – Margin Analysis and Key Drivers Metric FY21 FY22 FY23 FY24 FY25 1H25 1H26 A: A$/US$ FX 0.75 0.70 0.67 0.66 0.64 0.63 0.70 B: Crude and feedstock intake mbbls 41.2 41.9 31.6 40.1 37.1 18.8 19.7 C: Geelong Refining Margin US$/bbl 7.1 17.1 9.8 8.7 9.6 8.2 21.1 D: Geelong Refining Margin = C
Slide 31: Financial Results Adjusted for Lease Accounting Effects
Financial Results Adjusted for Lease Accounting Effects 1H26 1H26 1H25 1H25 Lease Lease Reported Adjusted Reported Adjusted Adjustments Adjustments figures reported figures figures reported figures Total EBITDA (RC) 774.4 256.2 1,030.6 304.9 241.6 546.5 Share of (loss)/profit from associates - - (2.
Slide 32: Glossary
Glossary Replacement Cost (“RC”) EBITDA (RC) (RC) and NPAT (RC) are the same Viva Energy reports its performance Profit before interest, tax, measure on a “replacement cost” (RC) basis. depreciation and amortisation Historical Cost (“HC”) Geelong Refining Margin RC is a non-IFRS measure under adjust
Slide 33: WivA
WivA EnergyAustralia