July 26, 2014 3:17 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Z Energy Limited

Company Overview

Z Energy Limited is engaged in the marketing of petroleum based products in New Zealand. The company supplies fuel to retail customers and commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators. It also provides bitumen to roading contractors and manufactures ingredients used in detergents and other household products. The company operates services stations with Z Shop that offers food, drinks, and grocery products. In addition, it has Mini Tankers, an on-site diesel refuelling and lubricant supply operation; and offers Z card services for businesses to buy fuels. Further, the company offers chemical products, such as chemicals solv...

3 Queen's Wharf

Wellington,  6011

New Zealand

Phone:

64 8 004 74355

Key Executives for Z Energy Limited

Z Energy Limited does not have any Key Executives recorded.

Z Energy Limited Key Developments

Z Energy Limited - Shareholder/Analyst Call

annual meeting

Z Energy Limited Announces Final Dividend, Payable on June 4, 2014; Announces Audited Group and Parent Earnings Results for the Full Year Ended March 31, 2014; Provides Earnings Guidance for Financial Year 2015

The Board of Z Energy Limited has decided to pay a fully imputed final cash dividend to shareholders of 14.3 cents per share, taking the total for the year to 22 cents per share, which equates to 87% of pro forma Replacement Cost Net Profit After Tax. The record date is May 23, 2014 and payment date is June 4, 2014. The company announced audited group and parent earnings results for the full year ended March 31, 2014. For the year, the group reported total revenue of NZD 3,371 million compared to NZD 3,558 million for the same period last year. Earnings before interest, taxation, depreciation (including gains and (losses) on sale of fixed assets), amortisation and fair value movements in interest rate derivatives (EBITDAF) was NZD 203 million compared to NZD 165 million for the same period last year. Net profit before taxation was NZD 134 million compared to NZD 170 million for the same period last year. Net cash inflow from operating activities was NZD 81 million compared to NZD 367 million for the same period last year. Purchase of intangible assets was NZD 10 million compared to NZD 5 million for the same period last year. Purchase of Refining NZ was NZD 100 million compared to NZD 2 million for the same period last year. Purchase of property, plant and equipment was NZD 63 million compared to NZD 68 million for the same period last year. Net debt (long term debt less cash) was NZD 252 million. This is broadly in line with annual levels referred to in Z's Investment Statement and Prospectus of NZD 284 million, with the difference associated with movements in working capital. Net profit attributable to owners of the company was NZD 95 million or 39 cents per basic and diluted share compared to NZD 137 million or 2,740 cents per basic and diluted share reported a year ago. For the year, the parent reported total revenue of NZD 3,371 million compared to NZD 3,547 million for the same period last year. Net profit attributable to owners of the company was NZD 100 million compared to NZD 136 million for the same period last year. Earnings before interest, taxation, depreciation (including gains and (losses) on sale of fixed assets), amortization and fair value movements in interest rate derivatives (EBITDAF) was NZD 208 million compared to NZD 164 million for the same period last year. Net profit before taxation was NZD 139 million compared to NZD 169 million for the same period last year. Net cash inflow from operating activities was NZD 81 million compared to NZD 366 million for the same period last year. Purchase of intangible assets was NZD 10 million compared to NZD 5 million for the same period last year. Purchase of Refining NZ was NZD 100 million compared to NZD 2 million for the same period last year. Purchase of property, plant and equipment was NZD 63 million compared to NZD 67 million for the same period last year. Net profit attributable to owners of the company was NZD 100 million or 39 cents per basic and diluted share compared to NZD 136 million or 2,740 cents per basic and diluted share reported a year ago. For the 2015 financial year the company expected guidance is for RC Operating EBITDAF between NZD 220 million and NZD 240 million. This guidance factors in the costs associated with the prolonged shutdown at Refining NZ over April 2014. Capex expected in between NZD 80 million to NZD 100 million for the same period last year.

Z Energy Limited Announces Executive Changes, effective from May 23, 2014

Z Energy's Company Secretary and General Counsel, Meredith Ussher, will take maternity leave for 12 months from May 23, 2014 and will be replaced for that period by John Conlan. John is seconded to company from law firm Minter Ellison and will be based in-house in it's Wellington offices.

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