Viva Energy Group Limited (VEA) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Viva Energy Australia first half 2024 results webcast. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr Scott Wyatt, Chief Executive Officer. Please go ahead. Good morning everybody and thank you for joining us today to discuss Viva Energy's half year 24 results. My name is Scott Wyatt, Chief Executive Officer of Viva Energy and on the call with me today is Carolyn Pettick, our Chief Financial Officer and Jovan Buzo, our CEO of Convenience and Mobility. I begin by acknowledging traditional owners of the lands on which we are collectively gathered for this call and pay my respects to elders past, present and emerging. As always, let me start with our safety and environmental performance on slide four. Following the acquisitions of Coles Express and OTR Group, Beaver Energy has grown from 1,700 to almost 15,000 employees, predominantly within the convenience business. This has substantially expanded the extent of our operating activities, so we are adapting our safety management programs to reflect this change and apply these across the businesses that we've acquired. Personal safety performance remains stable with the express business achieving a 20% improvement over last year. Process safety performance is strong with zero tier one and tier instance so far this year. In terms of financial performance as set out in slide five, Viva Energy delivered a strong first half performance, growing sales and EBITDA by 6% and 25% respectively. Key drivers of earnings growth were continued strength in ...