Investor Presentaiton
Z Energy
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Acquisition completed on 10 May 2022 with contribution to Group earnings reflected from
that month
Total fuel sales of 2,763 million litres is up² approximately 19% for the same period last
year as transport fuels demand commenced recovery from COVID lows
With the closure of the only New Zealand refinery the transition to New Zealand full
import model was completed with no disruption to customer supply
Exit from the National Inventory Agreement and Z Energy's superior infrastructure
position have seen Z Energy gain commercial volume share
Z Energy results include Purchase Price Accounting (PPA) adjustments to income
statement of A$72.8 million predominately relating to an increase in the New Zealand
Emissions Trading Unit component of cost of goods sold. These Emissions Trading Units
were fair valued on acquisition
RCOP EBIT from Z Energy segment was A$124.6 million
Underlying RCOP EBITDA
D&A
Other4
Underlying RCOP EBIT
Purchase Price Accounting adjustment
Z Energy segment RCOP EBIT
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Notes:
1.
Includes trading from 1 May 2022
2.
3.
AMPOL
4.
2022 (NZ$)1 2022 (A$) 1,3
285.0
(81.5)
257.1
(73.7)
15.1
14.0
218.6
197.4
(78.6)
(72.8)
140.0
124.6
Compares to the period of May to December in 2021. Ampol did not own Z Energy during this period but is used for comparison purposes
Conversion to Ampol functional currency
Other predominately relates to non-recurring gain on sale of excess New Zealand Emissions Trading Units
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