Viva Energy Group Ltd (ASX:VEA)

A$ 3.16 0.02 (0.64%) Market Cap: 5.04 Bil Enterprise Value: 7.82 Bil PE Ratio: 1,580.00 PB Ratio: 2.43 GF Score: 84/100

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Viva Energy Group Ltd Half Year 2019 Unaudited Guidance Call Transcript
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Viva Energy Group Ltd Half Year 2019 Unaudited Guidance Call Transcript

Jun 24, 2019 / 12:00AM GMT

Transcript

Operator

Thank you for standing by, and welcome to the Viva Energy First Half 2019 Guidance Update Call. (Operator Instructions) I would now like to hand the conference over to Mr. Scott Wyatt, CEO. Go ahead, please.

Scott A. Wyatt

Viva Energy Group Limited - CEO & Executive Director

Thanks, everybody, for joining the call this morning. We're here to provide an update on our guidance and business performance for the 6 months ending 30 June 2019. My name Scott Wyatt. I'm the CEO of Viva Energy. And I'm joined here today by our Chief Financial Officer, Jevan Bouzo.

This morning, we've released to the market an update on our expected results for the first half of 2019. It's been a challenging half due to continued weakness in Refining and Retail margins. So let me begin with some comments on these general market conditions, and then we can get coverage of the businesses and get to your questions.

After an encouraging improvement in April, our regional Refining margins have again weakened largely due to renewed pressure on gasoline cracks, which has

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