Positioned for Growth APPEA 2016 Conference and Exhibition June 2016
Beach Energy Diversified oil and gas explorer and Cooper and Eromanga Basins producer Oil Gas Gas Liquids Tight Gas Operated Australias largest onshore oil Non-operated producer, with a major gas business Core operations in the…
Cooper Basin substantial acreage Gross acreage of 69,000 km2 provides exploration and production opportunities Western Flank Gas and Gas Liquids Ex PEL 106 (100%*) - Middleton facility Ex PEL 513 (40%) PEL 182 (43%) Ex PEL…
Western Flank core production Primary source of Beach oil production Q3 FY16 net production of 1.0 MMbbl Field operating cash…
Western Flank consolidated footprint Enlarged gas footprint post Drillsearch merger Drillsearch merger provided significant acreage within established gas fairway Seven ex PEL 513 discoveries from eight wells in FY15 Three wells…
Delhi SACB and SWQ joint ventures Diverse Cooper Basin acreage position of 26,800 km2 (6.6 million acres) Substantial gas processing infrastructure, connected to key energy markets Primary source of Beach gas production, and a…
Strategic Cooper Basin infrastructure Infrastructure ideally located to service southern, eastern and LNG markets 6,000 kilometres of flowlines into Moomba Moomba daily gas processing capacity of 375 TJ (80% utilised) Moomba /…
Production profile Production of 7.0 MMboe for nine Actual and Forecast Production (MMboe) months to 31 March 2016 (+1% on pcp) 9.5 9.8 9.6 9.1 Higher ex PEL 91 oil production from new wells and infrastructure upgrades 8.0 Gas*…
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…
Positioned for Growth
Opportunities in a volatile market Lower for longer backdrop presents opportunities for those ready to act US/bbl We expect companies with stronger balance sheets will start to acquire resource-rich but 120 cash-poor exploration and…
Beach Energy well positioned Well positioned to become Australias premier multi-basin upstream oil and gas company Market Capitalisation Market Capitalisation 1. Strong financial position Beach Energy 2. Organisation enablers in…
Financial capacity for growth Financial capacity preserved during downturn Liquidity to be deployed for appropriate growth opportunities Brent oil million Liquidity Profile (US/bbl) 750 120 643 600 549 100 514 520 450 80 315…
Organisation enablers in place Culture and community Safety-first culture Dedicated workforce Social licence to operate 1 million LTI-free hours Organisation review complete Strong stakeholder support expertise Technical…
Proven operator capability Western Flank Oil Western Flank Gas Health, safety and environment 19 months lost time injury free Workforce Highly motivated, efficient operator / maintainer workforce Operational experience Low…
Clear strategy for value accretive growth Optimise Maintain Grow east coast Expand beyond Cooper Basin core financial strength gas business Cooper Basin Growth Enablers Growth Drivers Core operations underpin existence…
Proven M&A delivery Drillsearch merger A strengthened platform for growth; proven M&A and integration success ( million) Beach Drillsearch Combined Transaction Benefits Market capitalisation1 886 379 1,265 +43% Full ownership of…
Rigorous capital allocation process Organic Inorganic Focus on shareholder returns capex and growth opex capital Structured framework for all capital allocation decisions Capital Allocation Process Reduce exposure to assets or…
Positioned for growth Strong balance sheet Core business generating material free cash flow Proven low cost operator Strategic review and organisational design complete Proven M&A growth and integration capabilities…
Appendix
Capital expenditure and liquidity Capital expenditure Actual Guidance Liquidity profile May 2016 ( million) H1 FY16 FY16 million DEVELOPMENT 600 520 Cooper Basin 10 20 30 400 Cooper Basin (SACB and SWQ JVs) 83 115 130 350 Total…
Production by area Area FY14 FY15 YTD FY161 Cooper / Eromanga basins 5,148 4,490 3,446 Oil (kbbl) Egypt 61 132 137 Total oil 5,209 4,622 3,583 Cooper Basin 21.0 22.1 16.4 Sales gas and ethane (PJ) Egypt 0.1 0.2 LPG (kt) Cooper…
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