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AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited

Beach Energy Limited · Aug 30, 2011 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 1
    Beach Energy Limited FY11 Full Year Results 30 August 2011 Reg Nelson Managing Director Kathryn Presser Chief Financial Officer Neil Gibbins Chief Operating Officer FY11 Full Year Results Slide 1
  2. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 2
    FY11 Highlights Reg Nelson Managing Director FY11 Full Year Results Slide 2
  3. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 3
    FY11 Highlights Corporate Acquisition of Impress Energy Ltd Negotiations with Santos regarding gas supply to its GLNG project Operations Successful shale exploration program with booking of 2TCF 2C contingent resource Western Flank…
  4. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 4
    Financial results Kathryn Presser Chief Financial Officer FY11 Full Year Results Slide 5
  5. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 5
    FY11 Full Year results overview FY11 FY10 Sales volume (MMboe) 8.8 9.3 Sales revenue ( million) 496.4 487.5 Cash flow from operations ( million) 184.5 128.5 Net (loss)/profit after tax ( million) (97.5) 33.1 Underlying net profit…
  6. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 6
    Sales revenue up 2% 600 65.7 5.8 3.4 31.1 Gas/ethane Third Party 34.9 487.5 Volume / Mix 496.4 500 Prices Purchases Liquids Prices A/GJ FX Rates US/boe 2010 5.04 AUD/USD 400 2011 5.35 2010 77 2010 0.88 2011 95 2011 0.99 m…
  7. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 7
    Cash production costs down 3% 250 11.6 8.6 221.8 9.3 215.5 Royalties Tariffs / tolls Field operating costs 200 150 m 100 6.3 million total decrease 50 0 June 10 June 11 Lower cash production costs mainly due…
  8. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 8
    Gross profit up 6% 120 6.3 7.1 100 8.9 16.1 12.5 3rd party Cash 80 Sales revenue production purchases 77.3 72.8 costs Inventory Depreciation m 60 40 4.5 million 20 total increase 0 June 10 June 11 Gross profit…
  9. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 9
    Cash flow from operations up 44% 250 25.6 3.7 2.1 9.4 12.8 200 Other Interest Operating 184.5 46.8 received costs Legal Sales settlement receipts 150 128.5 m Tax 100 50 56.0 million total increase 0 June 10 June…
  10. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 10
    Comparison of Underlying Profit FY11 FY10 million million Net (loss)/profit after tax (97) 33 Remove unrealised hedging (gains)/losses (2) 5 Remove revaluation of assets (14) 1 Remove asset sales (11) (55) Remove impairment of…
  11. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 11
    Underlying net profit after tax up 7% 50 2.7 0.8 5.3 45 4.5 Other expenses Net financing and revenue 41.4 40 38.7 Tax costs 35 Gross profit 30 m 25 20 15 10 2.7 million 5 total increase 0 June 10 June 11 Strong…
  12. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 12
    Operational overview Neil Gibbins Chief Operating Officer FY11 Full Year Results Slide 13
  13. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 13
    Large Resource base to build Reserves 2P Reserves and 2P Reserves 2C Contingent Resources 77 MMboe* 660 MMboe* 73% gas & gas liquids 2P Reserves are a fraction 27% oil of the total resource base 97% gas & gas liquids 3%…
  14. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 14
    Production volumes down 10% 8 7.3 0.03 0.2 0.2 0.3 7 US Production 6.6 BMG Trucking 6 Flooding / and field Access decline 5 issues mmboe 4 3 2 0.7 mmboe 1 total decrease 0 June 10 June 11 Production volumes decrease…
  15. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 15
    FY12 production guidance of 7.5 MMboe Beach actual and forecast production (MMbboe) Production guidance for FY12 of 8 7.5MMboe, expected to be primarily driven by: 7 Better land access for activities 6 Oil following Cooper Basin…
  16. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 16
    FY12 Capital requirements, wells and seismic FY12 FY11 FY12 FY12 Fcst Capex Act Capex Fcst Wells Fcst Seismic million million to drill 2D - Km 3D - Km2 Development Cooper Basin 186.9 92.2 61 BMG 1.2 International 5.3 4.1 1…
  17. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 17
    Key catalysts for FY12 Multiple near-term catalysts with material re-rating potential FY11 Full Year Results Slide 18
  18. AUGUST 2011 INVESTOR PRESENTATION – Beach Energy Limited – slide 18
    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 2833…

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