2023 Outlook & Conclusion slide image

2023 Outlook & Conclusion

1Q2023 Trading Update Strong start to 2023 with continued momentum in our core Retail and Commercial businesses All financials in $M unless noted otherwise 1Q2023 Group Results Sales volumes 1Q2023 Change 1Q2022 (%) (#) 3,780 ML 292.9 3,288 ML 15% 492 ML 172.8 70% 120.1 EBITDA (RC) Retail, Fuels & Marketing (RFM) Group EBITDA of $293M in 1Q2023, +70% y/y1 • • Commercial EBITDA (RC) increased by 65% to $132.7M, driven by higher sales volumes and favourable product/margin mix. Retail EBITDA (RC) lifted 8% to $71.1M, driven by ongoing retail margin strength and higher sales volumes. The Geelong Refinery delivered EBITDA (RC) of $97.1M, with an intake of 10.1MBBLS and a GRM of US$14.7/BBL for the quarter. Refining operating costs remained elevated due to high freight rates and increased shipping activity to support planned major maintenance turnaround in 2Q2023. 1Q2023 Change 1Q2022 (%) (#) Sales volumes 3,780 ML 3,288 ML 15% 492 ML Retail 1,135 ML 1,086 ML 5% 49 ML Commercial 2,645 ML 2,202 ML 20% 443 ML EBITDA (RC)^ 203.8 146.4 39% 57.4 Retail 71.1 66.0 8% 5.1 Commercial 132.7 80.4 65% 52.3 Corporate costs (4.0) (3.0) 32% (1.0) • Refining 1Q2023 1Q2022 Change (%) (#) Geelong Refining Margin (US$/BBL) 14.7 8.3 77% 6.4 Refining intake (MBBL) 10.1 10.5 (4%) -0.4 EBITDA (RC)^ 97.1 32.5 199% 64.6 Corporate costs (4.0) (3.0) 32% (1.0) 1. Unaudited 1Q2023 financial results. VIVA EnergyAustralia. 3
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