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Investor Presentaiton

For personal use only 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 VIVA EnergyAustralia Commercial EBITDA (RC) versus fuel volume 11.1BL $186M $156M $335M $217M 9.7BL 8.9BL 8.6BL 2019 2020 2021 2022 EBITDA (RC) Fuel volume EBITDA (RC) has increased by 80% between 2019 and 2022, even as product volumes remain 13% lower • • • Highlights strategy to diversify towards higher margin specialty products and services, which operate at different cycles compared to traditional fuels Main fuels business (petrol, diesel, jet) is diversified by customer and commodity and supported by superior infrastructure position Sophisticated supply chain and procurement processes (commodity prices, freight, foreign exchange) hard to replicate. Vitol offers security of supply, deep access to markets (representing 7% of global oil flow), flexibility and pricing certainty (back-to-back contracts with customers). Leading positions in more products and services than competitors enables ability to cross-sell (e.g. lubricants, carbon solutions), supporting a high customer retention rate. Long-standing customer relationships, with 14 out of top 20 having worked with us for more than 10 years 12
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