About us Chairman and Chief Executive Officer’s report Some of the early foundation steps we have taken in this evolution are shown below. Today Pathway Future Progress to date • Renegotiated Alliance agreement to fully control fuel offer Retail Fuel and convenience retailer • Established and grown Liberty Convenience business to provide additional retail and convenience growth pathway • Secured future rights to take full control of Alliance and Liberty Convenience businesses Board of Directors Retail Network and Branded Fuels Supplier Leverage network strength and acquire convenience capability • Coles Express store and forecourt refreshment program • Improved network efficiency across all platforms • Contracts to operate Rio Tinto, Woodside and HMAS Cairns fuel facilities Leverage B2B capability and customer relationships Commercial and industrial services and solutions • Established Carbon Solutions business. Launched Carbon Neutral Jet Fuel and supplied first carbon neutral flight. Further expansion to other sectors Executive Leadership Team Commercial Commercial Fuels, Lubricants and Specialties Supplier • Working with customers to deploy Hydrogen fuelled Electric Vehicles in heavy transport segment • Partnered with Waga Energy for potential biomethane offtake as part of lower-carbon product suite Oil Refinery and Importer Energy and infrastructure • Acquire capability to accelerate proven opportunities: invest and acquire capability where this can accelerate or extend our growth opportunities. We have a strong balance sheet with capacity for reinvestment, and will look to deploy this in areas which support future growth. 2021 Business performance summary The Group delivered an exceptional performance across all parts of the business during 2021 and the management team is particularly proud of the way we continued to care for our people and successfully minimised the impacts from the pandemic on our operations to maintain safe and reliable supply to our customers through some challenging periods. Emerging economic recovery and sustained market share growth across key segments lifted group sales by 7%, with strong earnings underpinned through our Commercial and Industrial segments outperformance. Whilst Retail earnings were impacted from rising oil prices and lower retail fuel margins, the Refining business benefited from strengthening refining margins during the final quarter on the back of strong global demand for energy. Underlying Group EBITDA (RC) and Underlying Free Cash Flow (RC) is up $239.6M and $174.0M respectively during the year. The Company maintained a disciplined approach to capital management and retains a strong balance sheet that supports future growth opportunities, which was set out in the Investor Day that was held in November 2021. Auditor’s independence declaration Viva Energy Group Limited – Annual Report 2021 Directors’ report • Leverage diversity to develop new energy and non-energy growth pathways: convenience offer development; Geelong Energy Hub Projects; integration of new energies; commercial and carbon solutions. • Progress on Gas Terminal Project at Geelong (FID by Q3 2022) with other projects in progress to create an Energy Hub at Geelong Remuneration report • Outperform in our core businesses: we see continued growth in our traditional markets, with opportunities to outperform through: maintaining operating and capital efficiency; optimising sales and margin opportunities; building brand and customer preference; and profitably growing market share. • Refining margin volatility risk reduced through FSSP, with opportunity for upside outperformance Sustainability report Looking to the future, we intend to maintain a strong focus on outperformance in our traditional business while at the same time leveraging our diversity to create value in new growth areas: Operating and financial review Energy Hub Leverage strategic infrastructure and internal energy capability • Secured contract with Government to operate Geelong Refinery until at least mid 2028, and construct strategic diesel fuel storage 15