Viva Energy Group Ltd. · ASX:VEA
Viva Energy — Shareholder Meeting (July 2020)
36 slides from Viva Energy's shareholder meeting presentation, Jul 6, 2020
Slide 1: 2020 Annual General Meeting
6 July 2020 The Manager Market Announcements Office Australian Securities Exchange Electronic lodgment 2020 Annual General Meeting The following materials are to be presented at Viva Energy’s 2020 Annual General Meeting (AGM) being held today: 1. Chairman and CEO Addresses 2. AGM presentation Author
Slide 2: Chairman address
Chairman address Good morning, ladies and gentlemen and welcome to Viva Energy’s 2020 Annual General Meeting. I am Robert Hill and I am honoured to serve as the Chairman of Viva Energy. It is now just after 11 am Australian Eastern Standard Time. We have a quorum present and I declare this Annual Ge
Slide 3: Chairman address
And we have joining us from Singapore three of our Singapore based directors: Arnoud De Meyer, Independent Non-Executive Director, and Chair of the Investment Committee; Hui Meng Kho, Non-executive Director. Hui Meng is the President and CEO of Vitol Asia; and Dat Duong, Non-Executive Director
Slide 4: Chairman’s address
have also extended our license of the Shell brand until 2029, continuing our long association with one of the world’s most recognisable brands. In late 2019, we acquired the remaining share of the Liberty Wholesale business and established a new joint venture with our long-term partners which will e
Slide 5: Geelong Energy Hub
We announced in June 2020, our vision to develop an ‘Energy Hub’ at Geelong. This would potentially see the development of an LNG regasification facility to increase the supply of natural gas to Victoria and the construction of additional crude and fuel storage to support the government’s objective
Slide 6: CEO address
CEO address Thank you Robert. Before I speak to our financial performance I would like to talk about our commitment to safety and the environment. Preventing harm to our people and the environment remains a fundamental priority for our business and is the foremost consideration in everything that we
Slide 7: Refining performance
Covid-19 has obviously heavily impacted our sales to the Aviation sector this year, which are down around 73%, but expected to slowly recover as domestic flights are increased in the second half of this year. Other sectors remain relatively unaffected at this stage, and Diesel sales have been partic
Slide 8: Closing remarks
As we assess these opportunities, our focus will be working with our communities, and with key regulatory bodies, to ensure that the development meets the wider requirements of society. Let me finish by acknowledging the support of our employees. It has been a particularly challenging year, but I am
Slide 9: Annual General Meeting 2020
Annual General Meeting 2020 Helping people reach their destination
Slide 10: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Viva Energy Group date is indicated, in which case the information is current to that You should rely on your own independent assessment of any Limited, ACN 626 661 032 (“Company” or “Viva Energy”). date) and is subject to change
Slide 11: How to vote
How to vote 1 Click on 2 Enter your Shareholder Number 3 Fill out your voting card for Get a Voting Card (SRN/HRN) or Proxy Number and each item of business and on the top and bottom click Submit Details and Vote click Submit Vote or of your screen Submit Partial Vote ? If you experience any technic
Slide 12: How to ask questions
How to ask questions 1 Click on Ask a Question 2 Select an item of business from the on the top and bottom drop-down menu and type your question of your screen in the space provided. When ready, click on Submit Question ? If you experience any technical difficulties, please call the help line on 180
Slide 13: Board of Directors
Board of Directors Robert Hill Scott Wyatt Arnoud De Meyer Jane McAloon Chairman Chief Executive Officer Independent Independent Independent Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Sarah Ryan Dat Duong Hui Meng Kho Independent Head of Asia Pacific Pres
Slide 14: Chairman’s Address
Chairman’s Address Robert Hill Viva Energy Group Limited | Annual General Meeting 2020 6
Slide 15: COVID-19 Impact & Response
Chairman’s address COVID-19 Impact Strategy & Capital Geelong Refinery & Response Performance Management & Energy Hub Viva Energy Geelong Limited –| Annual GroupRefinery Strategic General Positioning Meeting 2020 7
Slide 16: COVID-19 Impact & Response
Chairman’s address COVID-19 Impact Strategy & Capital Geelong Refinery & Response Performance Management & Energy Hub Viva Energy Geelong Limited –| Annual GroupRefinery Strategic General Positioning Meeting 2020 8
Slide 17: COVID-19 Impact & Response
Chairman’s address COVID-19 Impact Strategy & Capital Geelong Refinery & Response Performance Management & Energy Hub Viva Energy Geelong Limited –| Annual GroupRefinery Strategic General Positioning Meeting 2020 9
Slide 18: COVID-19 Impact & Response
Chairman’s address COVID-19 Impact Strategy & Capital Geelong Refinery & Response Performance Management & Energy Hub Viva Energy Geelong Limited –| Annual GroupRefinery Strategic General Positioning Meeting 2020 10
Slide 19: Executive Leadership Team
Chairman’s address Executive Leadership Team Scott Wyatt Jevan Bouzo Thys Heyns Dale Cooper Chief Executive Officer Chief Financial Officer Chief Operating Officer Executive General Manager, Geelong Refinery Amanda Fleming Megan Foster Lachlan Pfeiffer Denis Urtizberea Chief People and Executive Gen
Slide 20: CEO’s Address
CEO’s Address Scott Wyatt Viva Energy Group Limited | Annual General Meeting 2020 12
Slide 21: Safety
Safety Total recordable injury frequency rate1 5.8 4.7 4.5 4.6 2.5 FY15 FY16 FY17 FY18 FY19 Goal Zero 1. The total recordable injury frequency rate (TRIFR), or total recordable injury rate, is the number of injuries requiring medical treatment per million hours worked We believe every incident is pr
Slide 22: Business performance and operational highlights
Business performance and operational highlights $m FY2019 Renegotiation of Underlying EBITDA (RC)1 Alliance Agreement Retail, Fuels & Marketing 860.8 Retail 564.3 Introduced Commercial 296.5 VLSFO2 Refining 117.0 Supply, Corporate & Overheads (333.3) Record refinery operational Group Underlying EBIT
Slide 23: Geelong major maintenance and ‘Energy Hub’
Geelong major maintenance and ‘Energy Hub’ Major maintenance program ‘Energy Hub’ potential projects • Originally planned to complete major maintenance of RCCU1 and HFA2 from August to October 2020 LNG Supply • Original plan reviewed and revised scope and & Storage timing announced Strategic Oil • R
Slide 24: Formal Business
Formal Business Robert Hill Viva Energy Group Limited | Annual General Meeting 2020 16
Slide 25: Items of Business
Items of Business 1. Financial Report, Directors’ Report and Auditors’ Report 2. Adoption of the Remuneration Report 3. Re-election of Directors a) Jane McAloon b) Arnoud De Meyer 4. Grant of performance rights to Scott Wyatt under the Company’s Long Term Incentive Plan Viva Energy Group Limited | A
Slide 26: Financial Report, Directors’ Report and Auditor’s Report
Item 1 Financial Report, Directors’ Report and Auditor’s Report To consider the Company’s Financial Report, Directors’ Report and Auditor’s Report for the financial year ended 31 December 2019. There is no vote for this item. Note: PwC has served as the auditor of Viva Energy Group since it was dive
Slide 27: Adoption of the Remuneration Report
Item 2 Adoption of the Remuneration Report To adopt the Company’s Remuneration Report for the financial year ended 31 December 2019. The vote on this item is advisory only and does not bind the Board or the Company. Viva Energy Group Limited | Annual General Meeting 2020 19
Slide 28: Adoption of the Remuneration Report
Item 2 Adoption of the Remuneration Report Direct and Proxy Votes % of Vote FOR 1,674,394,071 99.66% AGAINST 4,592,200 0.27% OPEN 1,184,853 0.07% ABSTAIN 2,168,596 Viva Energy Group Limited | Annual General Meeting 2020 20
Slide 29: Re-election of Jane McAloon as a Director of the Company
Item 3(a) Re-election of Jane McAloon as a Director of the Company Appointed as a Director: 18 June 2018 Board Committees: Chair – Sustainability Committee Member – Audit and Risk Committee, Investment Committee Background Jane McAloon has over 25 years of business, government and regulatory experie
Slide 30: Re-election of Jane McAloon as a Director of the Company
Item 3(a) Re-election of Jane McAloon as a Director of the Company Direct and Proxy Votes % of Vote FOR 1,685,500,816 99.67% AGAINST 4,312,115 0.26% OPEN 1,205,653 0.07% ABSTAIN 2,163,530 Viva Energy Group Limited | Annual General Meeting 2020 22
Slide 31: Re-election of Arnoud De Meyer as a Director of the Company
Item 3(b) Re-election of Arnoud De Meyer as a Director of the Company Appointed as a Director: 18 June 2018 Board Committees: Chair – Investment Committee Member – Remuneration and Nomination Committee Background Arnoud De Meyer is a former President of Singapore Management University and was previo
Slide 32: Re-election of Arnoud De Meyer as a Director of the Company
Item 3(b) Re-election of Arnoud De Meyer as a Director of the Company Direct and Proxy Votes % of Vote FOR 1,687,791,656 99.81% AGAINST 2,024,007 0.12% OPEN 1,206,067 0.07% ABSTAIN 2,162,114 Viva Energy Group Limited | Annual General Meeting 2020 24
Slide 33: Grant of performance rights to Scott Wyatt
Item 4 Grant of performance rights to Scott Wyatt under the Company’s Long Term Incentive Plan To approve for all purposes, including ASX Listing Rule 10.14, the grant of 556,121 Performance Rights to Scott Wyatt, the Company’s Chief Executive Officer and Executive Director, under the Company’s Long
Slide 34: Grant of performance rights to Scott Wyatt
Item 4 Grant of performance rights to Scott Wyatt under the Company’s Long Term Incentive Plan Direct and Proxy Votes % of Vote FOR 1,674,658,963 99.67% AGAINST 4,357,635 0.26% OPEN 1,268,540 0.08% ABSTAIN 2,111,789 Viva Energy Group Limited | Annual General Meeting 2020 26
Slide 35: Thank you
Thank you Please complete your voting Viva Energy Group Limited | Annual General Meeting 2020 27
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