Investor Presentaiton
F&I (Ex Lytton and Future Energy) continuing operations
F&I (Ex Lytton and Future Energy)¹ RCOP EBIT ($M) Continuing operations
28%
197.4
154.2
113.5
44.0
F&I International (continuing operations)
F&I Australia (Ex Lytton and Future Energy)
110.2
83.9
2021
2022
F&I (Ex Lytton) Volumes (BL)
22.04
21.57
3.90
3.84
9.15
10.21
Convenience Retail
Australian Wholesale
International
8.99
7.52
2022
2021
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Notes:
1.
2.
AMPOL
3.
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F&I (Ex Lytton and Future Energy) RCOP EBIT from continuing operations grew 28%
compared with 2021 as it captured the opportunities presented by the prevailing market
conditions benefiting the Group as a whole
Increase in earnings reflects the value of integrated operations and management of risk
across the supply chain
- Trading and Shipping performed well, undertaking opportunistic sourcing, blending
and effective price risk management as the supply constrained market, particularly
for diesel, provided higher margin opportunities
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F&I Australia margins were impacted by elevated input costs from middle distillate
quality premiums² and high product freight in the aviation business compared to
customer contract pricing; customer contracts being progressively renewed on
revised terms. This was counterbalanced by earnings that are reported in the F&I
International continuing operations, which more than doubled as it captured
attractive opportunities to manage risk and generate earnings
Australian fuel volumes were up 7.6% as commercial volumes rose 12% (22% excluding
retail exposed sales)
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Includes Jet volumes up 63%, now at 70% of pre-COVID levels³ and key wins such as
NatRoad
International fuels sales were 16% lower than last year as the team prioritised
disciplined pursuit of profitable opportunities in the supply constrained market
SeaOil demand up 45%, benefiting from COVID-19 recovery and network growth
Excludes Future Energy RCOP EBIT of ($6.9) million in 2021 and ($31.1) million in 2022 previously disclosed as part of F&I Australia (Ex-Lytton) and Gull (discontinued operations) which contributed $66.9 million in
2021 and $47.5 million for 7 months to July 2022
Represents the cash premium paid to secure cargoes over and above MOPS daily pricing. These cash premiums have escalated markedly due to the dislocation in product markets as a result of Russian sanctions
and reduced China product exports
Ampol jet sales for 2019
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