FY13 Full year results Reg Nelson Managing Director 3
FY13 Overview Financial Record underlying net profit after tax (NPAT) of 141 million Record revenue of 700 million Operating cash flow of 264 million Cash balance of 348 million Full year dividend of 2.75 cps Corporate Chevron…
FY13 Overview (cont.) Operations Australias sixth largest oil producer Production of 8.0 MMboe, up 7% Western Flank oil flowlines installed and operational Nappamerri Trough Natural Gas (NTNG) exploration and appraisal milestones…
Look forward FY14 expectations A oil to remain strong Seek to maintain throughput of Western Flank oil flowlines at maximum available capacity Ongoing NTNG exploration and appraisal phase, transitioning to pilot production…
Sales revenue up 13% Increased oil in the sales volumes mix driving record revenue 9
Record underlying NPAT Record FY13 underlying NPAT of Underlying NPAT 141 million 141 million, driven by: 122 Strong A brent oil price million Increased oil in the sales volume mix Oil development, exploration and appraisal…
Comparison of underlying profit FY13 FY12 000 000 NPAT 153,650 164,225 Adjusted for: Unrealised hedging (gains) / losses 404 (3,184) Mark to market of convertible notes derivative 3,091 (21,564) Asset sales (26,563) (11,527)…
Key FY13 financial issues Chevron Farm-in PEL 218 Cash received reduced carrying value ATP 855 Cash received treated as profit on sale PRRT Combination certificate received for all Cooper Basin licenses and treated as one project…
Sources and uses of funds FY14/FY15 348 million cash on hand (as at FY14/FY15 1600 30 June 2013) Sources and uses of funds* 1400 Secured 320 million debt facility Undrawn Increase in final dividend to 2 cents per 1200 facilities…
Operations Neil Gibbins Chief Operating Officer 14
FY13 Production by area Change Area FY13 FY12 % Cooper/Eromanga 3.6 2.8 31% Basins Egypt 0.13 0.02 545% Oil (MMbbl) Williston Basin 0.01 0.02 (45%) Total Oil 3.7 2.8 34% Sales gas and ethane (PJ) Cooper Basin 20.5 23.0 (11%)…
FY13 Operating results Actual and forecast production Production of 8.0 MMboe, up 7% 9.3 MMboe Production mix: 53% gas and gas to 8.7 MMboe liquids, 47% oil Oil production up 34% due to: 8.0 MMboe 7.5 MMboe Development,…
FY14 Capital expenditure guidance Seismic Reserves additions Capex Wells ( million) 2D km 3D km2 MMboe DEVELOPMENT Cooper Basin non-SACB JV 60 65 10 13 Cooper Basin SACB/SWQ JV 175 200 35 45 International 10 15 6 Total…
Reserves and contingent resources 2P: 93 MMboe 2P and 2C: 542 MMboe Gas and gas liquids Unconventional 71 MMboe Gas and gas liquids 2P reserves 319 MMboe 93 MMboe Oil 22 MMbbl Conventional Gas and gas liquids 113 MMboe…
New ASX Listing Rules 1P 2P 3P 2C Oil (MMbbl) 10.4 22.0 42.2 Gas and gas liquids (MMboe) 30.8 70.7 146.4 Oil (MMbbl) 17.1 Conventional gas and gas liquids (MMboe) 112.9 Unconventional gas and gas liquids (MMboe) 318.9 Total…
Key Australian activities 20
Key international activities 21
Nappamerri Trough Natural Gas Note: Timeline subject to third party equipment delivery Transitioning to pilot production phase in FY15 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…
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