Viva Energy Group Ltd. · ASX:VEA
Viva Energy — Macquarie Australia Conference 2023
19 slides from Viva Energy's conference presentation, May 3, 2023
Slide 1: Macquarie Australia Conference
Macquarie Australia Conference 3 May 2023
Slide 2: Important notice and disclaimer
Important notice and disclaimer This presentation has been prepared by Viva Energy Group representation or warranty, express or implied, is made as to achievements expressed or implied by these forward-looking Limited, ACN 626 661 032 (“Company” or “Viva Energy”). the fairness, accuracy, completenes
Slide 3: 1Q2023 Trading Update
1Q2023 Trading Update Strong start to 2023 with continued momentum in our core Retail and Commercial businesses 1Q2023 Group Results Group EBITDA of $293M in 1Q2023, +70% y/y1 All financials in $M unless noted Change 1Q2023 1Q2022 otherwise (%) (#) Sales volumes 3,780 ML 3,288 ML 15% 492 ML • Commer
Slide 4: Convenience & Mobility
Convenience & Mobility Accelerating our strategy to become a leading convenience retailer
Slide 5: Transition and Growth Strategy
Transition and Growth Strategy Four steps to becoming a leading Convenience & Mobility retailer, and a one-stop destination for our customers Leading 9 Retail branded network and fuel supplier 1 Take full control 2 9 Acquire capability 3 Transform and 4 Further extend Convenience & Mobility Retailer
Slide 6: OTR Group Acquisition
OTR Group Acquisition Transaction highlights 9 Viva Energy to acquire OTR Group for $1.15bn. Completion expected in 2H20231. 9 Contributes $165M to EBITDA (post synergies) on a pro-forma basis2. 9 A best-in-class convenience and QSR capability that generates $3.9M of sales per store (versus Coles Ex
Slide 7: Strategic Rationale
Strategic Rationale Establish a pathway to build a nationwide network of more than 1,000 stores with a market leading convenience and mobility offering in Australia Fuel and convenience network A company controlled network Company controlled stores1 with a pathway to 1,000+ stores Shell Coles Expres
Slide 8: Strategic Rationale
Strategic Rationale Greater earnings diversification to convenience and the broader retail sector 1. Diversifies earnings 2. In an attractive sector 3. With significant further growth potential Convenience & Mobility (C&M) gross profit ($M)1 Australian convenience sales ($BN)2 Addressable market by
Slide 9: The OTR offer
The OTR offer OTR is disrupting the fuels business by creating a one-stop true convenience destination, reducing the reliance on fuel and increasing exposure to the fast-growing convenience sector A sophisticated offer, outstanding customer service and renowned brands drives: • Convenience sales per
Slide 10: Commercial & Industrial
Commercial & Industrial Strength in diversity
Slide 11: Transition and Growth Strategy
Transition and Growth Strategy Deliver reliable and attractive cash flow by outperforming in our core business while progressing a focused diversification and extension strategy Commercial 9 9 Commercial & Industrial Fuels 1 2 3 Services & Supplier Solutions Outperform in core Grow Specialty Product
Slide 12: Commercial & Industrial: Strength in Diversification
Commercial & Industrial: Strength in Diversification Supported by long-standing relationships with customers, leading market positions in more products and services than competitors and a nationwide supply chain backed by the international capability of Vitol 400 Commercial EBITDA (RC) versus fuel v
Slide 13: Diversified both within Main Fuels and towards Specialty Products
Diversified both within Main Fuels and towards Specialty Products Specialty products comprise ~50% of Commercial EBITDA Main Fuels Resources Transport Marine Commercial Jet Agriculture Wholesale (Petrol, • Buses, rail freight, • Diesel supply • Diversified by • Supported by • Offers secure Diesel, J
Slide 14: 2023 Outlook & Conclusion
2023 Outlook & Conclusion
Slide 15: 2023 Outlook
2023 Outlook Trading conditions remain supportive as we progress our strategic objectives Refining margin cracks, GRM, Crude Premia1 Convenience & Mobility (US$/bbl) • Convenience sales to support earnings growth following successful completion of Coles Express acquisition. 60 • Fuel demand expected
Slide 16: Conclusion
Conclusion Create three increasingly separate businesses, each with their own distinct pathways for growth • Within Convenience & Mobility, the Coles • Commercial & Industrial to drive earnings • Energy & Infrastructure seeks to optimise Express and OTR acquisitions represent major growth through op
Slide 17: Appendix
Appendix
Slide 18: Glossary
Glossary Replacement Cost (“RC”) EBITDA (RC) Earnings Per Share (RC) Viva Energy reports its performance on a Profit before interest, tax, depreciation and Underlying NPAT (RC) divided by “replacement cost” (RC) basis. RC is a amortisation adjusted to remove the impact total shares on issue non-IFRS
Slide 19: VivA
VivA EnergyAustralia
Viva Energy Group — Macquarie Australia Conference 2023 on 6ix