Beach Energy Limited Half Year Results Presentation 27 February 2012 Reg Nelson, Managing Director Kathryn Presser, Chief Financial Officer Neil Gibbins, Chief Operating Officer FY12 Half Year Results Slide 1
General overview Reg Nelson Managing Director FY12 Half Year Results Slide 3
1H12 Highlights Renegotiation of Delhi royalty with Esso 2Tcf booking of 2C contingent gas resource from unconventional wells Successful gas flows of 2 MMscfd from Holdfast-1 Continued exploration success, including the discovery…
Renegotiation of the Delhi Esso royalty Legacy royalty from the acquisition of Delhi 35 Beach Group Royalties* Petroleum Pty Ltd in 2006 Original royalty agreement required Delhi to 30 pay Esso Resources Australia Pty Ltd (EARL)…
Financial overview A significant NPAT improvement for the first half, primarily driven by Delhi royalty renegotiation with Esso and higher liquids prices FY12 Half Year Results Slide 7
Cash movement Cash movement driven by Adelaide Energy acquisition and enhanced capital program FY12 Half Year Results Slide 8
Sales revenue up 11% 1H12 sales revenue of 294 million, increased by 11% on 1H11, mainly due to: A/bbl Oil Price Higher oil prices; partly offset by 120 A stronger Australian dollar; and 100 Lower volumes 80 1H12 average…
Sales revenue Sales Revenue Comparison 400 350 18.0 5.7 15.4 49.4 28.6 Gas/ethane 294.3 300 Third Prices FX Rates 265.2 Party AUD/USD Volume / Mix 250 Liquids Prices Purchases A/GJ 1H11 0.95 1H11 5.23 million US/boe…
Gross profit Change in gross profit 120 6.4 13.7 13.6 100 90.7 18.4 Depreciation 3rd party 80 Inventory purchases A million 29.0 60 Cash production costs 37.0 40 Sales revenue 20 53.7 million total increase 0…
Underlying net profit after tax FY12 Half Year Results Slide 12
Underlying NPAT Change in underlying NPAT 90 7.0 5.7 80 53.7 21.8 70 Other expenses Net financing and revenue costs 60 51.8 50 million Tax 40 30 20 18.6 Gross profit 10 33.2 million total increase 0 1H11…
Operational overview Neil Gibbins Chief Operating Officer FY12 Half Year Results Slide 14
1H12 Production overview FY12 Half Year Results Slide 15
Key operational activities for FY12 Operational activities delivering in line with expectations and key objectives FY12 Half Year Results Slide 16
FY12 Capital guidance Higher capex due to enhanced FY12 program with no flooding forecast FY12 Half Year Results Slide 17
Contact information Beach Energy Limited 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 Investor Relations Manager Tel: +61 8 8338…
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