Ampol Limited · ASX:ALD
Ampol — Non-Deal Roadshow (December 2025)
25 slides from Ampol's roadshow presentation, Dec 10, 2025
Slide 1: US Roadshow 2025 Presentation
AMPOL LIMITED ACN 004 201 307 29-33 BOURKE ROAD ALEXANDRIA NSW 2015 ASX Release US Roadshow 2025 Presentation Wednesday 10 December 2025 (Sydney): Ampol Limited provides the attached presentation as circulated to US Investor Roadshow participants ahead of scheduled meetings between 15 – 18 December
Slide 2: Important Notice
2 Important Notice This presentation for Ampol Limited is designed to provide: • an overview of the financial and operational highlights for Ampol Limited and its controlled entities, and their interests in associates and jointly controlled entities (Group) for the eleven-month period ended 30 Novem
Slide 3: Contents and summary
3 Contents and summary Independent Australian company and a leader in transport energy in Australia and New Zealand Operating in three large and resilient markets; Australian and New Zealand transport fuels, Asia-Pacific transport fuels, Convenience 1. About Ampol Our unique competitive streng
Slide 4: 1. About Ampol
D. AUTON A Te) Ce : : (
Slide 5: Our history dates back to the early 1900s
5 Our history dates back to the early 1900s RW Cameron Co becomes the Australian Ampol’s Caltex and Chevron sells Invested in agent for The Motorists Petrol Lytton Ampol merge down its 50% Caltex highway sites: Texas Company Company refinery in to form Ampol share of acquires a Ampol opens Pheasants
Slide 6: We operate in three large and resilient markets
6 We operate in three large and resilient markets Our strong platform means we are well positioned to take advantage of growth opportunities in all of these markets Australian & New Zealand Asia-Pacific transport fuels Convenience transport fuels Scale in 2024: AUS ~59BL1 | NZ ~9BL3 ~1,200BL5 $10.3b
Slide 7: Our unique competitive strengths
7 Our unique competitive strengths Ampol possesses qualities that are unmatched in the Australian and New Zealand transport fuels industries Strategic assets 01. Supply chain expertise 02. Deep customer base 03. Iconic brands 04. Portfolio of privileged One of the largest Trans-Tasman Significant B2
Slide 8: Our integrated platform creates opportunities
8 Our integrated platform creates opportunities The integrated value chain of the traditional fuels business provides fuel security for today and provides a pathway to pursue mobility energy for tomorrow Supply chain International Refining Distribution Wholesale Retail activities sourcing Business C
Slide 9: A track record of significant capital management
9 A track record of significant capital management A well-defined Capital Allocation Framework, committed to maintaining a strong investment grade credit rating, currently Baa1 from Moody’s Capital Allocation Framework1 Capital management since 2015 (A$m) 655 655 Stay-in-business capex 119 1 Focus
Slide 10: 2. Our performance
10 2. Our performance
Slide 11: Our performance year to date
11 Our performance year to date 1H 2025 Group financial performance Group RCOP1 EBITDA2 of $649 million, Group RCOP EBIT2 of $404 million and Statutory NPAT3 loss of $25 million Total sales volume of 12.45 billion litres 1H 2025 Balance Sheet and distributions to shareholders Leverage was 2.8
Slide 12: Lytton Refinery Margin continues to strengthen
12 Lytton Refinery Margin continues to strengthen Global refinery outages (planned and unplanned) have Lytton Refiner Margin1 (US$/bbl) tightened the refinery supply demand balance Global product inventory balances remain low providing little buffer Tightness compounded by additional Russian s
Slide 13: Successful U-GO rollout with further opportunity
13 Successful U-GO rollout with further opportunity Leveraging a bifurcating market to develop a value-oriented fuel offering with strong financial returns U-GO Offer Key success metrics5 Delivering competitive fuel pricing through a value-oriented fuel offer $300K p.a. 50% uplift in $300K capex a
Slide 14: Improving the quality of Ampol's earnings mix
14 Improving the quality of Ampol’s earnings mix Ampol’s earnings mix has evolved towards more predictable retail-driven sources, enhancing the quality of earnings and growth over time, reducing earnings cyclicality RCOP6 EBITDA, $b Fuel and Convenience (Australia and New Zealand)5 ~0.03 F&I Austral
Slide 15: 3. Our Strategy
15 3. Our Strategy
Slide 16: Our strategy guides our way forward
16 Our strategy guides our way forward Enhance Expand Evolve the core business the rejuvenated platform the energy offer for our customers
Slide 17: Our key priorities
17 Our key priorities Long term strategy to accelerate growth in total earnings and improve mix across the Group Purpose Powering better journeys, today and tomorrow Strategy Maximise the value of Lytton through delivery of the ULSF project and operational improvements MAXIMISE LYTTON VALUE ENHANC
Slide 18: EG acquisition highlights
18 EG acquisition highlights Opportunity to acquire a large COCO network to deliver benefits to customers, employees and shareholders Grows Ampol’s earnings mix towards more predictable retail earnings Expands Ampol’s national COCO footprint and Foodary brand, increasing consistency and quality of A
Slide 19: About EG Australia
19 About EG Australia EG Australia is a complementary Ampol-branded COCO network, with a large Australian east coast market presence. EG Australia is well known to Ampol, enabling a simpler, lower-cost integration Complementary COCO network with ~500 sites1, with a large Australia’s east coast mar
Slide 20: 4. Conclusion
20 4. Conclusion
Slide 21: Why invest in Ampol
21 Why invest in Ampol Evolution of earnings mix – RCOP EBITDA, $B Earnings underpinned by high-quality earnings mix — Growing Fuel and Convenience earnings in Australia and New Zealand — Commercial businesses serve more than 110,000 B2B and SME customers — Serving ~4 million retail customers per
Slide 22: 5. Appendix
22 5. Appendix
Slide 23: Strong funding platform
23 Strong funding platform Underpinned by a strong investment grade credit rating of Baa1 (stable) from Moody’s Committed debt maturity profile (A$m) Prudent debt maturity profile to minimise refinancing risk and maintain (as at 30 June 2025) financial flexibility ꟷ $5.1 billion of committed debt
Slide 24: Glossary
24 Glossary $ - Australian Dollar LRM – Lytton refiner margin represents the difference between the market value of B or b – Billion importing a standard Lytton Refinery basket of products and the cost of importing the crude oil required to make that product basket. bbl – Barrel (equivalent of appro
Slide 25: Thank you
VA AMPOL Thank you