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Caltex delivers record RCOP profit. Off-market buy-back announced

Caltex delivers record RCOP profit. Off-market buy-back announced
23 February 2016

The full ASX release is attached.
Key points:

Full year historic cost profit after tax (HCOP) of $522 million, including significant items
Record full year RCOP1 NPAT of $628 million, excluding significant items
Underlying Supply & Marketing result up 5% to $675 million EBIT (excluding externalities)
Excellent Lytton refinery operational performance, capitalising on strong refiner margins
Significant items of $29 million gain after tax, relating to the previously announced first half sale of surplus land
Net debt at 31 December 2015 of $432 million, reflecting stronger second half profitability, Tabula Rasa related working capital reductions and the net impact of   lower crude and product prices and the lower Australian dollar
Final dividend of 70 cents per share (fully franked) (full year 117 cps, fully franked), up 67%
$270 million off-market buy-back announced, reflecting balance sheet strength and availability of surplus franking credits.

Analyst contact:
Rohan Gallagher
Head of Investor Relations
Phone 02 9250 5247
Media contact:
Sam Collyer
Senior Media & Communications Adviser
Phone 02 9250 5094