Ampol Limited (ASX: $ALD) reports strong financial performance for FY 2023

Ampol Limited (ASX: $ALD) has released its Results Presentation for the full year ended 31 December 2023, showcasing a robust financial performance. The company reported $1,756 million in Group Replacement Cost Operating Profit (RCOP) EBITDA and $1,297 million in Group RCOP EBIT. The presentation highlights the company's safety performance, key financial metrics, capital management, growth in fuel sales, convenience retail performance, and the strategic outlook.

Executive commentary on FY 2023 performance

Matt Halliday, Managing Director & CEO of Ampol, emphasized the company's near historical best levels of personal safety performance across all business segments. He highlighted the strong process safety performance with no Tier 1 or Tier 2 process safety incidents since October 2018. The presentation also outlined the company's growth in fuel sales, including a 17% increase in total sales volume and a 11% growth in Australian sales volume. Halliday expressed satisfaction with the strong shop performance and the growth in bakery, snacks, beverages, and confectionery categories in the convenience retail segment.

Summary of FY 2023 results and outlook

Ampol Limited's FY 2023 Results Presentation demonstrates a robust financial performance, with $1,756 million in Group RCOP EBITDA and $1,297 million in Group RCOP EBIT. The company's focus on safety, strong process safety performance, and growth in fuel sales have contributed to its positive performance. Looking ahead, Ampol remains committed to its Capital Allocation Framework, maintaining a strong balance sheet, returning capital to shareholders, and investing in future value-accretive growth opportunities. The company is well-positioned to navigate the energy transition and establish a position in on-the-go electric vehicle charging, reflecting its strategic clarity and commitment to shareholder focus.