Ampol Ltd
ASX:ALD

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Ampol Ltd Logo
Ampol Ltd
ASX:ALD
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Price: 30.41 AUD -2.56% Market Closed
Market Cap: 7.2B AUD

Ampol Ltd
Investor Relations

Ampol Ltd, a stalwart in the energy sector, hails from Australia with roots tracing back to 1936, painting a story of resilience and adaptation in a rapidly shifting industry landscape. Originally known for its dominance in the fuel supply chain, Ampol carved out its presence by leveraging every aspect of the oil and gas spectrum—from refining to retail. The transformation phase came when Ampol embraced the opportunity to scale significantly by merging with Caltex Australia, providing it a reinforced platform to optimize its integrated value chain. The name "Ampol" was proudly reinstated in 2020, symbolizing a renewed commitment to its Australian heritage while also marking its resolve to blend tradition with innovation. At its core, Ampol commands a vast network of service stations across the region, a testimony to its robust infrastructure, which serves as a pivotal channel for direct consumer engagement and a steady revenue stream.

The company's business model thrives on its adeptness at balancing the intricate dance between refining operations and retail distribution. Ampol operates one of the few remaining refineries in Australia, producing a significant portion of the fuels it supplies, guaranteeing control over quality and inventory. This vertically integrated approach ensures that Ampol remains flexible and responsive to market demands. Additionally, Ampol has ventured into expanding its product portfolio, catering not just to standard fuel consumers but also engaging in the sale of lubricants and other petrochemical products. Their commercial division supplements this by providing tailored energy solutions for industries, like transport and mining, thus diversifying its income sources. As the world nudges toward sustainable energy, Ampol is strategically positioning itself by investing in future energy initiatives, signaling its intent to evolve alongside global energy transitions.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 18, 2025
AI Summary
Q2 2025

Resilient Earnings Mix: Ampol shifted its earnings base towards more stable retail and commercial segments, minimizing reliance on cyclical refining and trading.

Retail Growth: Convenience retail and premium fuel mix drove earnings growth, despite an overall 4.6% decline in retail fuel volumes.

EG Australia Acquisition: Announced acquisition is expected to deliver high single-digit EPS accretion and double-digit free cash flow per share accretion, further strengthening earnings quality.

Productivity Savings: $30 million in productivity savings delivered in the first half, with $50 million targeted for full year 2025.

CapEx Peak: Capital expenditure peaked at $201 million for the half, with full-year guidance reaffirmed at $600 million, expected to decline in future years.

Dividend: Interim dividend of $0.40 per share declared, at a 53% payout ratio.

Refinery & Market Conditions: Weak refining margins and cyclone impacts hurt results, but recent improvements are noted; outlook for the second half is positive with stronger product cracks.

Key Financials
RCOP EBITDA
$649 million
RCOP EBIT
$404 million
RCOP NPAT (excluding significant items)
$180 million
Statutory Net Income
($25 million) loss
Total Fuel Sales
12.45 billion liters
Net Borrowings (excluding leases)
$2.8 billion
Net Debt-to-EBITDA Leverage
2.8x
Interim Dividend
$0.40 per share
Dividend Payout Ratio
53%
Convenience Retail Fuel Volume
not specified
Premium Fuel Sales Penetration
56.4%
Basket Value (Retail)
steady
Shop Tobacco Contribution
less than 20% of store sales and around 10% of store gross contribution
Productivity Savings (1H 2025)
$30 million
Lytton Refinery Margin
$7.44 per barrel
Operating Cash Flow (net of leases)
$355 million
Tax Installments
$21 million
Capital Expenditure
$201 million
Net Interest
$120 million
Capitalized Interest
$19 million
U-GO Premium Fuel Volumes (site uplift)
50% uplift in fuel volumes at U-GO sites
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. Matthew Halliday
CEO, MD & Director
No Bio Available
Mr. Gregory David Barnes BCOM, CA, GAICD, MBA
Group Chief Financial Officer
No Bio Available
Mr. Andrew Brewer
Executive General Manager of Digital Data & Technology
No Bio Available
Ms. Kate Thomson
Executive General Manager of Retail Australia
No Bio Available
Mr. N. Lindis Jones BCom (Hons), BSc, M.Fin
Executive General Manager of Z Energy
No Bio Available
Ms. Frances Van Reyk
General Manager Investor Relations & Sustainability
No Bio Available
Ms. Faith Taylor
Executive GM, Group General Counsel, Regulation & Company Secretary
No Bio Available
Ms. Meaghan Davis
Executive General Manager of People & Culture
No Bio Available
Mr. Richard Baker
Head of Corporate Affairs
No Bio Available
Yvonne Chong
Additional Company Secretary
No Bio Available

Contacts

Address
NEW SOUTH WALES
Sydney
L 24 2 Market St
Contacts
+61292505000.0
www.ampol.com.au