Beach Response to COVID-19 The Journey Initiated Activated Activated 20th March 28th February Commenced 20th February 19th March o COVID-19 Plans in o Early engagement place at all o Crisis Management with key contractors o…
Financial strength a priority Well positioned for the downturn Balance Sheet Conservative approach to balance sheet management NET CASH AT 31 MARCH 2020 Rapidly paid down drawn debt post 1.6 billion Lattice acquisition to be net 80…
Diverse production mix Stable contracted gas revenues, oil production economic above US10/bbl Brent Gas FY20 Estimated Product Mix Diversified gas sales into three distinct markets (East Coast, West Coast and NZ) Over 97% of…
Beach portfolio not exposed to spot gas prices Historic and forecast east coast gas sales Recent gas market dynamics Low LNG spot prices impacting East Coast Gas Market spot prices (% of volume) Beach has minimal spot gas price…
Investment focused on keeping infrastructure hubs full Infrastructure advantage Investment targeted close to existing infrastructure, enhances returns and reduces time from investment to cash flow Spare capacity in gas…
Western Flank horizontal drilling success Gross operated oil production averaging over 22,000 BOPD Application of horizontal drilling has significantly 25 Operated Western Flank Gross Average Oil Production Rate enhanced development…
Cooper Basin JV high quality drilling results in South West Queensland Flow rates from recent wells indication of basin potential SWQ Toolachee wells deliver outstanding results Four recent drilling campaigns in SWQ have targeted…
Victorian Otway Basin Update on events Black Watch-1 success Well successfully drilled 7,200 metres from onshore location (longest in Australia), to be tied into OGP in the June 2020 quarter. Well designed to support an initial…
Beach response to the oil price downturn Immediate response to enhance robust business Targeting a deferral of up to 30% of FY21 capital expenditure from prior expectations Anticipate capital reductions across all basins FY21…
Key takeaways Beach is well positioned, with a strong balance sheet and robust revenue stream Excellent Cooper Basin drilling results support delivery of FY20 production in-line with original guidance Portfolio of growth…
MACQUARIE AUSTRALIA CONFERENCE Q&A
Beach Energy Limited Level 8, 80 Flinders Street Adelaide SA 5000 Australia T: +61 8 8338 2833 F: +61 8 8338 2336 beachenergy.com.au Investor Relations Nik Burns, Investor Relations Manager Mark Hollis, Investor Relations Advisor T: +61…
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