Morgan Stanley rates ALD as Equal-weight

Ampol Limited is an Australia-based transport energy provider. The Company supplies petrol and a convenience network, as well as refining, importing and marketing fuels and lubricants. It also launched its electric vehicle charging and home electricity solutions. The Company supplies fuel to approximately 80,000 customers in diverse markets across the Australian economy, including defense, mining, transport, marine, agriculture, aviation and other commercial sectors. Across its retail network, the Company serves approximately three million customers every week with fuel and convenience products, as well as electric vehicle charging at selected locations. Its customer base is supported by its robust supply chain and strategic infrastructure positions across the country, which includes 16 terminals, six pipelines, 55 wet depots, over 1,800 branded sites and one refinery located in Lytton, Queensland. This network is supported by over 8,300 people across Australia and overseas.