Ampol Limited · ASX:ALD
Ampol — Non-Deal Roadshow (May 2022)
31 slides from Ampol's roadshow presentation, May 17, 2022
Slide 1: New Zealand Road Show 2022
AMPOL LIMITED ACN 004 201 307 29-33 Bourke Road ALEXANDRIA NSW 2015 For personal use only Ampol Limited New Zealand Road Show 2022 17 May 2022 (Sydney): Ampol Limited provides the attached presentation for the New Zealand Securities Exchange Foreign Exempt Listing Road Show Authorised for release by
Slide 2: Overview & strategy
2 Overview & strategy For personal use only Overview Our strategic framework ESG Market leaders Competitive advantage Capital allocation framework Funding platform
Slide 3: Ampol Group overview
3 Ampol Group overview Australia’s and New Zealand’s leading fuel and convenience retail business1 For personal use only In Australia #1 in fuel and In New Zealand through Z Energy acquisition1 convenience retail Largest transport fuel short in region Favourable Some of the tightest fuel specificati
Slide 4: Our strategic framework
4 Our strategic framework For personal use only Our Purpose Powering better journeys, today and tomorrow Who We Are Ampol Limited is Australia’s and New Zealand’s leading transport energy and retail business, underpinned by strategic infrastructure, strong customer positions and iconic brands of Amp
Slide 5: ESG Strategy
5 ESG Strategy Ampol and Z Energy are committed to sustainable operations For personal use only Safe and Responsible Business Being safe and ethically responsible in how we do business Developing and looking after our people to support the delivery of our strategy Continuous Transition to a Improvem
Slide 6: Ampol and Z Energy are market leaders
6 Ampol and Z Energy are market leaders For personal use only Australia Distributors & Resellers Independent Retailers 1. International sourcing ✓ ✓ ✓ 2. Refining ✓ ✓ 3. Distribution ✓ ✓ ✓ ✓ ✓ 4. Wholesale ✓ ✓ ✓ ✓ ✓ 5. Retail ✓ Fuel only ✓ ✓ ✓ ✓ Share of fuel sales1 ~26% ~24% New Zealand Distributor
Slide 7: Our competitive advantage
7 Our competitive advantage Our privileged assets, deep business and retail customer base and supply chain capabilities provide the platform for our strategy For personal use only Over Iconic brands 4M Customers per week Complex supply chains Largest P&C Terminal Trans Over 110k+ network ~2,350 site
Slide 8: Our capital allocation framework
8 Our capital allocation framework For personal use only Our Capital Allocation Framework Stay-in-business Capex Growth Capex • Focused on safety and reliability of supply • Where clearly accretive to shareholder returns • Investments to support decarbonisation • Investments to support energy transi
Slide 9: Strong funding and liquidity platform
9 Strong funding and liquidity platform Underpinned by a strong investment grade credit rating of Baa1 from Moody’s Investors Service For personal use only Committed debt maturity profile (A$m) Prudent debt maturity profile to minimise refinancing risk and maintain financial flexibility 122 — Weig
Slide 10: Integrated supply chain
10 Integrated supply chain For personal use only Ampol and Z Energy Integrated platform Creating value Energy transition
Slide 11: Better, stronger and more ambitious together
11 Better, stronger and more ambitious together For personal use only Ampol is committed to investing a total of NZ$125m in New Zealand from FY23 to FY28 and commencing a cadet and graduate program creating 35 roles in the first 5 years of the program Creates a Trans-Tasman fuel champion with a comb
Slide 12: Our integrated platform creates opportunities
12 Our integrated platform creates opportunities For personal use only Integration delivers diversified earnings, a strong base for growth off existing business activities and skills to evolve into new areas B2B Reporting segments Integration benefits Australian F&I (ex Lytton) Earnings are divers
Slide 13: Each part of the supply chain has a role in creating value
13 Each part of the supply chain has a role in creating value For personal use only The combination ensures we benefit from efficiency driven by scale, demand certainty and end-to-end control Trading & Rapid decisions on market knowledge Shipping Global markets risk management Manufacturing Internat
Slide 14: Ampol and Z Energy are stronger together
14 Ampol and Z Energy are stronger together For personal use only Z Energy acquisition will materially increase the size of the short Trading & Shipping supplies, generating incremental earnings from a very large international opportunity set and providing a stronger platform to manage the energy tr
Slide 15: Building foundations for energy transition
For personal use only 15 Building foundations for energy transition Transition with our customers, focusing on a targeted set of energy and decarbonisation themes with clear linkages to our capabilities and assets
Slide 16: Future energy and decarbonisation strategies
16 Future energy and decarbonisation strategies Ampol’s energy transition strategy is customer led. The combination of Ampol and Z Energy creates a stronger platform to manage For personal use only the transition to low carbon solutions • To develop leading low carbon solutions (electricity, hydroge
Slide 17: We made good progress in 2021…
17 We made good progress in 2021… For personal use only Future energy highlights Decarbonisation highlights • Commitment to invest a minimum of $100m in • By 2040 net zero emissions from operations (scope future energy and decarbonisation projects by 1 and 2) with interim targets for 2025 and 2030 2
Slide 18: Robust outlook for fuel demand until at least 2030
18 Robust outlook for fuel demand until at least 2030 The evolution of Australia’s and New Zealand’s transport fuels is anticipated to be slower than many other developed economies For personal use only Indicative technology adoption by fleet type (by 2050)1 What this means for Ampol and Z Energy
Slide 19: Our 'test and learn' approach is stepping up in 2022
19 Our ‘test and learn’ approach is stepping up in 2022 Simplifying the energy transition for our mobility customers For personal use only Future energy solution Rationale Next steps Current status BEV a solution for passenger vehicles. Site selection progressing: Government and Corporate fleets lik
Slide 20: Powering journeys at the forecourt, destination and home
20 Powering journeys at the forecourt, destination and home For personal use only
Slide 21: Decarbonising commitments
21 Decarbonising commitments Ampol and Z Energy1 are taking tangible steps to decarbonise their operations For personal use only Notes: 1. Z Energy has targeted a 42 per cent reduction in operational emissions from FY20 to FY30 (31 March year end), With the end of domestic refining in New Zealand at
Slide 22: Summary
22 Summary For personal use only Financial performance gaining momentum Well positioned for current market dynamics
Slide 23: Demonstrated supply chain resilience
23 Demonstrated supply chain resilience Strong earnings growth during turbulent start to the year For personal use only 1Q 2022 Profit metrics1 1Q 2022 Sales volume1 Ampol has successfully managed the short term impacts of Omicron, significant floods and the Up 25% Up 2.1% unprecedented volatility c
Slide 24: Key drivers of profitability gaining momentum
24 Key drivers of profitability gaining momentum For personal use only LRM (US$/bbl) Convenience Retail RCOP EBIT ($M) 11.24 10.59 75 78 72 71 77 6.29 6.76 5.13 5.48 33 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Australian Fuel Sales (BL) Group RC
Slide 25: Well positioned to take advantage of market dynamics
25 Well positioned to take advantage of market dynamics The Ampol Group is well positioned to take advantage of current and emerging market dynamics For personal use only Expected fuel demand Earnings and cash accretion Supply side dynamics recovery in Australia and from the Z Energy driving favoura
Slide 26: Summary
26 Summary For personal use only We are capitalising on a unique opportunity to bring back the iconic Australian brand, Ampol, and reinvigorate our customer connection and organisational culture; Committed to retaining Z’s iconic brand and culture With strong near term growth catalysts of the Z
Slide 27: Appendix
27 Appendix For personal use only 2021 Ampol Sustainability Key performance measures 28 Important notice 30
Slide 28: 2021 Key performance measures
28 2021 Key performance measures For personal use only Keeping our people safe and protecting the environment Personal safety Emissions (tCO2e) Environment 551,804 231,720 34,946,531 Total Recordable Injury Frequency Rate1 Days Away from Work Injury Frequency Rate2 Fuels and Infrastructure Fuels and
Slide 29: 2021 Key performance measures (cont')
29 2021 Key performance measures (cont’) For personal use only Engaging our people Contributing to communities 51% Community investment via Ampol Foundation^ 1.4% 8,382 $3.17m Fuelling Change Development of second Reconciliation Action Plan 404 hours of employee 72% 37.9% $578m volunteering * Person
Slide 30: Important Notice
30 Important Notice For personal use only This presentation for Ampol Limited Group is designed to provide: • an overview of the financial and operational highlights for the Ampol Limited Group; and • a high level overview of aspects of the operations of the Ampol Limited Group (including its wholly
Slide 31: Thank you
For personal use only Thank you