General Neil Gibbins Acting Chief Executive Officer
FY15 overview Ongoing focus on safety with reduction in Hours Worked and LTIs lost time injuries of 60% Hours worked (million) LTIs Macro issues, primarily oil price, driving 1.5 8 lower revenue, NPAT and cash flows Strong balance…
Recent announcements Commencement of Origin oil linked gas contract, with other parameters Delivering price increase on legacy contracts Sale of Beach Egypt to Rockhopper for up to US22 million Acquisition of 40% interest in ATP…
Our strategy Optimise our core Build a Pursue other Maintain in the Cooper complementary compatible growth financial strength Basin gas business in opportunities in east coast basins Australia and nearby Growth in core…
Sales revenue million 1,200 43.1 8.1 (59.5) 1,052.1 (75.0) 1,000 Gas / ethane (241.1) FX rates prices Volume / mix A/US Third party A/GJ 800 FY14 0.919 FY14 5.49 sales FY15 0.837 FY15 5.68 727.7 Oil and 600 liquids prices…
Underlying NPAT Underlying NPAT down 65% to 91 million Underlying NPAT million Decline mainly due to impact on revenue 270 from lower realised oil price 240 35% reduction in average US oil price 210 Underlying NPAT supported by:…
Comparison of NPAT with underlying NPAT FY14 FY15 million million NPAT 101.8 (514.1) Adjusted for: Mark-to-market of convertible notes derivative 14.3 (13.3) Asset sales (15.7) Impairment of assets 162.22 789.11 Tax impact…
Impairments Area of interest approach for impairment Non-Cash Impairments testing Before Tax After Tax ( million) Impairments reflect current environment Cooper Basin interests 345 241 of lower oil prices and announced NTNG 238…
Robust financial position Continuing strong operating cash flow Operating Cash Flows million Closing cash position of 170 million 600 Undrawn corporate debt facility of 500 150 million Ongoing dividend stream (since 2002) 400…
Operational Neil Gibbins Acting Chief Executive Officer
Actual and forecast production FY15 Actual and Forecast Production MMboe Production of 9.15 MMboe 10.0 9.6 51% oil; 49% gas and gas liquids 9.1 7.8 8.6 Operated oil production driven by: 8.0 8.0 7.5 Bauer facility upgrade; Gas*…
Production by area Area FY14 FY15 Change Cooper / Eromanga basins 5,148 4,490 (13%) Oil (kbbl) Egypt 61 132 117% Total oil 5,209 4,622 (11%) Cooper Basin 21.0 22.1 5% Sales gas and ethane (PJ) Egypt 0.1 LPG (kt) Cooper Basin…
Reserves and contingent resources1 2P: 74 MMboe 2P and 2C: 751 MMboe Gas and gas liquids 55 MMboe Unconventional 2P reserves 74 MMboe gas and gas liquids 589 MMboe Oil 19 MMbbl Conventional gas/gas liquids 75 MMboe Oil 13…
FY16 capital expenditure guidance Capital Expected Expenditure Other Major Activities Wells ( million) DEVELOPMENT Bauer facility upgrade; Middleton Cooper Basin 45 50 78 gas compression Connection of Windorah-Marama Cooper…
Contact information Beach Energy Limited 25 Conyngham Street Glenside SA 5065 Tel: +61 8 8338 2833 Fax: +61 8 8338 2336 Website: www.beachenergy.com.au Investor Relations Derek Piper Investor Relations Manager +61 8 8338 2833
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