Viva Energy Group (VEA) investor relations material

Opening remarks and agenda

• The meeting was held in a hybrid format, welcoming both in-person and online participants, with acknowledgment of traditional land owners and safety protocols outlined.

• Chair's address covered strategy, performance, and board refresh initiatives for the year.

• Voting on all items was conducted by poll, with instructions provided for both in-person and online shareholders.

Financial performance review

• Group EBITDA was AUD 701 million, down 6% year-on-year, with a significant improvement in the second half, though below expectations.

• Group fuel sales reached 17.0BL, up 1% year-on-year; convenience sales totaled $1,658M.

• Retail and Commercial segments paid a total dividend of AUD 0.0677 per share, with a 55% payout ratio; no dividend from Refining due to a net loss.

• Net capex was $494M, net debt stood at $2.1BN, and total dividends paid were 6.8 CPS (60% of NPAT).

• Geelong Refining Margin was US $9.6/BBL, with a convenience margin of 39.1%.

Board and executive committee updates

• Substantial board refreshment occurred, including a new Chair and the addition of John Joyce and Alistair Bell.

• Board refreshed with appointments and re-elections: Arnoud De Meyer, John Joyce, and Alistair Bell.

• Scott Wyatt continued as Managing Director and CEO.

• Succession planning is ongoing following the retirement of Nicola Wakefield Evans.