Half Year Results Presentation Reg Nelson Managing Director Kathryn Presser Chief Financial Officer Neil Gibbins Chief Operating Officer 26 February 2013 Investor roadshow - March 2012 February 2013 Beach Energy Limited Slide…
Highlights Reg Nelson Managing Director February 2013 Slide 3
1H FY13 Highlights Corporate Two new directors admitted to the Board Bob Kennedy does not stand for re-election, Glenn Davis appointed Chairman Operations Record Cooper Basin oil production 60% success rate with exploration wells…
PEL 218 and ATP 855 farm-out to Chevron World class JV partner reinforces SA and Qld Cooper Basin gas potential February 2013 Slide 5
Background and rationale Beach has led the way in Nappamerri Trough unconventional exploration Early identification of the potential of PEL 218 and ATP 855 Initial success with off-structure exploration wells and flow tests…
Transaction highlights and overview The introduction of a world class joint venture partner with: Global experience and leading technical capability A long and successful history in Australian exploration and gas development Beach…
Transaction consideration summary Subject to joint venture approvals, the key work program elements envisaged across the two permits involve an initial exploration program to be followed by pilot production programs PEL 218…
Why Chevron Unconventional resource experience USA and Canada (Duvernay, Marcellus, Utica, Wolfcamp) Poland, Romania, China, Lithuania and Argentina Exposure to 7 million net acres Technical capability and gas development…
Cash production costs 140 2.5 0.1 123.7 7.0 120 16.5 Field operating Tariffs / tolls Carbon Price costs 97.6 100 Royalties 80 million 60 40 26.1 million total increase 20 0 1H FY12 1H FY13 Cash production…
Gross profit 160 2.0 9.0 12.8 48.6 140 26.1 3rd party Inventory purchases Depreciation 120 107.4 100 90.7 Cash million production 80 Sales costs revenue 60 40 16.7 million 20 total increase 0 1H FY12 1H FY13…
Cash flow from operating activities 200 180 5.8 0.9 172.2 26.6 Other 160 Interest received 63.9 140 Operating costs 120 million 100 76.8 80 Sales 60 receipts 40 95.4 million total increase 20 0 1H FY12 1H…
Comparison of NPAT to underlying NPAT 1H FY13 1H FY12 Change million million million Net profit after tax 43.7 56.1 (12.4) Adjusted for: Unrealised hedging (gains)/losses 0.3 (0.4) 0.7 Mark to market of convertible note…
Underlying NPAT 80 70 16.7 0.2 4.0 Net 3.4 60.9 60 financing Tax 51.8 costs Other 50 expenses Gross profit and revenue million 40 30 9.1 million 20 total increase 10 0 1H FY12 1H FY13 Underlying NPAT up 17%…
Operations Neil Gibbins Chief Operating Officer February 2013 Slide 18
Actual and forecast production 8.5 MMboe 8.1 MMboe 7.5 MMboe 6.6 MMboe Gas* 4.3-4.5 MMboe Gas* (25-26 PJe) 4.8 MMboe Gas* (28 PJe) 4.5 MMboe (26 PJe) Oil Oil 3.8-4.0 MMbbl Oil 2.7 MMbbl 2.1 MMbbl * Gas and gas…
2P reserves and 2C contingent resources 2P: 93 MMboe 2P and 2C: 559 MMboe 448 MMboe 73 MMboe 93 MMboe 20 MMboe 18 MMboe Oil Gas and Gas Liquids 2P Reserves Gas and Gas Liquids Oil Large reserve and resource base…
FY13 Capital expenditure guidance Forecast 1H FY13 FY13 FY13 FY13 reserves Actuals Forecast Forecast Forecast Seismic additions (M) (M) Wells 2D km 3D km2 MMboe DEVELOPMENT Cooper Basin non-SACB JV 37 50 55 12 15 Cooper Basin…
Key FY13 operational activities February 2013 Slide 22
Contact Information Head office 25 Conyngham Street Glenside SA 5065 Tel: +61 8 8338 2833 Fax: +61 8 8338 2336 Website: www.beachenergy.com.au Chris Jamieson General Manager Investor Relations Tel: +61 8 8338 2833 Mob: +61 8 (0)487 173…
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