FY14 Preliminary Full Year Results 25 August 2014 1
General Reg Nelson Managing Director 3
Beach share price performance Beach has strongly outperformed its peers in FY14 and the Energy and All Ordinaries indices consistently over the past four financial years FY14 share price performance FY10-FY14 share price performance…
Overview Outstanding FY14 performance driven by the Beach operated oil business Very strong balance sheet with the potential to fund capex until the end of FY16 Oil linked gas contract with Origin to commence in FY15 Nappamerri…
FY14 Financial overview Sales Revenue Underlying NPAT Operating Cash Flow Record sales revenue of 1.05 billion Cash balance of 411 million Record underlying NPAT of 259 million Full year dividend of 4.0 cps, up 78% Record…
FY14 Operational overview Excellent safety record with reduced and low injury frequency rate for employees and service providers Record production of 9.6 MMboe, up 20% Western Flank oil production at in excess of 10,000 bpd for the…
Asset portfolio review Certain assets to be considered for divestment to ensure asset portfolio aligned with strategic outlook International assets under review Active history of non-core and value driven Various investment…
Financial results overview Outstanding financial results, with records achieved for sales volumes, revenue, operating cash flow and underlying NPAT FY14 FY13 Change Sales volume (MMboe) 10.8 9.0 20% Total sales revenue ( million)…
DPS and underlying EPS growth Dividends per share Underlying earnings per share Shareholder returns continue to grow on a per share basis 11
Sales revenue 1200 79.3 16.7 0.2 1,052.1 1000 108.1 Oil and Gas/ethane Liquids Prices Prices FX Rates 149.6 US/boe A/GJ 800 Third Party AUD/USD 2013 112 2013 5.41 698.2 Purchases 2013 1.027 2014 115 2014 5.49 2014 0.919…
Record underlying NPAT Record FY14 underlying NPAT of 259 259 million, driven by: million Strong A Brent oil price Increased oil in the sales volume mix Oil development, exploration and appraisal success Maintaining of oil…
Comparison of underlying profit FY14 FY13 million million NPAT 101.8 153.7 Adjusted for: Unrealised hedging (gains) / losses 0.0 0.4 Mark to market of convertible notes derivative 14.3 3.1 Asset sales (15.7) (26.6) Impairment of…
Operational Mike Dodd General Manager Exploration and Development 15
Actual and forecast production FY14 9.4 MMboe Production of 9.6 MMboe 9.6 MMboe to 8.6 MMboe Production mix: 46% gas and gas liquids, 54% oil 8.0 MMboe Cooper Basin oil production driven by: 7.5 MMboe Gas* Gas* 4.4-4.9 4.4…
FY15 Capital expenditure guidance Capex 3D Seismic Wells ( million) (km2) DEVELOPMENT Cooper Basin non-SACB/SWQ JVs 55 60 10 13 Cooper Basin SACB/SWQ JVs 270 300 70-80 International 10 3 Total Development 335 370 Up to 96…
Reserves and contingent resources 2P: 86 MMboe 2P and 2C: 552 MMboe Unconventional Gas and gas liquids Gas and gas liquids 67 MMboe 362 MMboe 2P reserves 86 MMboe Oil 19 MMbbl Conventional Gas and gas liquids 92 MMboe…
FY15 Key activities Early success in FY15 program with the Balgowan-1 discovery 19
Contact Information Head office Chris Jamieson 25 Conyngham Street General Manager Investor Relations Glenside SA 5065 Tel: +61 8 8338 2833 Tel: +61 8 8338 2833 Mob: +61 8 (0)487 173 244 Website: www.beachenergy.com.au Email:…
Loading...
