Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Investor Presentation (April 2026)
37 slides from Finder Energy's investor presentation, Apr 30, 2026
Slide 1: Corporate Presentation & Equity Raising
KTJ Fast-Track to First Oil CORPORATE PRESENTATION & EQUITY RAISING April 2026 ASX : FDR 1
Slide 2: Disclaimers and Cautionary Statement
Disclaimers and Cautionary Statement IMPORTANT: You must read the following before continuing. based on the Company's own information and estimates and investment decision, you should consider the appropriateness Historical information in this Presentation relating to the has not been independently
Slide 3: Disclaimers and Cautionary Statement continued
Disclaimers and Cautionary Statement continued The non IFRS financial information do not have a Resources table and disclosures in the Appendix for reserves category, the key conditions, or contingencies, that To the maximum extent permitted by law, the Company, its standardised meaning prescribed b
Slide 4: Highlights
Highlights We are targeting a series of high Ownership of Petrojarl I FPSO de-risks the KTJ Project and unlocks impact catalysts on the KTJ Project in strategic and economic benefits1 1H 2026… Farmin agreement with TIMOR GAP secures promote on development 1 Secure rig for development wells capex2 2
Slide 5: KTJ Project Update
1 KTJ Project Update 5
Slide 6: KTJ Project Update
KTJ Project Update STRONG MOMENTUM Finder has achieved a series of major de-risking events for the KTJ Project over the past year: • Farmout secured development capex funding1 • FEED completed for Subsea Production System and Development wells under SLB Strategic Alliance2 • Acquisition of Petrojarl
Slide 7: PSC 19-11 Resources – KTJ Upgraded
PSC 19-11 Resources – KTJ Upgraded Gross (100%) Contingent and Prospective Resources1 Karungu 180 KTJ Project Oil – MMbbl 10 25 MMbbl 160 26 Kuda Tasi 140 Jahal PSC 19-11 30 Lanjara/SW 120 Laminaria/ 66% Corallina 100 49 205 MMbbl 34% Kitan 26 MMbbl 80 Buffalo N 21 MMbbl 60 Krill 9 10 km 14 MMbbl Sq
Slide 8: First Oil Acceleration Strategy
First Oil Acceleration Strategy Critical Path LLIs Acceleration Strategy • Capitalising on stronger Brent outlook to unlock KTJ cash flow • Bridging Agreement1 signed with SLB to maintain accelerated First Oil timeline: • additional engineering and procurement resources • secure critical Long-Lead I
Slide 9: Fast-Track Development Timeline
Fast-Track Development Timeline1 2024 2025 2026 2027+ IDENTIFY G1 SELECT G2 DEFINE G3 EXECUTE G4 OPERATE Ikan 3D Seismic Data Reprocessing Subsurface Evaluation/ RISC CPR Resource Certification Concept Select - Pre-FEED Engineering Project Economics SPS/Well FEED Select Phase Complete PJI Acquisitio
Slide 10: KTJ Reservoir Performance
KTJ Reservoir Performance JH 1 & ST1 KT 1 KT 2 KT 3 • High quality Laminaria Formation reservoir JH 2 KT 4 • Strong aquifer drive and pressure support KT 5 • Light sweet oil, 55-60° API Jahal Kuda Tasi 30,000 2C Production Model Forecast1 30 Owned FPSO extends field life 25,000 +2-3 MMbbls 25 Cumula
Slide 11: Fast-Track Development – Gathering Momentum
Fast-Track Development – Gathering Momentum 2024/25 | Subsurface • Fully appraised with 5 well penetrations in Kuda Tasi and Jahal, including logs, core and flow tests • Independent resource upgrade verified by RISC Advisory1 • Significant upside mapped at Krill & Squilla oil discoveries2 2025 | Dev
Slide 12: SLB Strategic Alliance
SLB Strategic Alliance • SLB and FDR entered into an Alliance1 to fast-track development of the Kuda Tasi and Jahal oil fields (KTJ Project) • The alliance mobilises resources across the Subsea Integration Alliance (SIA) which comprises Subsea7, SLB and OneSubsea, bringing enormous resources and dev
Slide 13: KTJ Final Development Concept
KTJ Final Development Concept 1 FDR & SIA2 delivered the Accelerated FEED Project on PJI FPSO time an on budget 3 production wells connected to Production Trees & ESP Manifold the PJI via flexible flowlines Subsea ESPs optimise Production Trees & production, maximise field ESP Manifold FPSO Moorings
Slide 14: FEED Complete on time and on budget
FEED Complete on time and on budget1 SUBSURFACE AND RESERVOIR DRILLING AND COMPLETION • Detailed reservoir model constructed • Well construction and engineering completed • Model refined with latest technical • Two Kuda Tasi well designs improved to updates, Ikan 3D repro, mapping, include a drill c
Slide 15: The Petrojarl I
The Petrojarl I1 Strategic infrastructure ownership is expected to deliver material economic benefits Acquisition US$15m acquisition price Accelerates First Oil • Comprehensive due diligence Cash and scrip consideration to Late 2027/early 2028 target by maritime & production facility Amplus Energy e
Slide 16: Development Funding
Development Funding TIMOR GAP FARMOUT1 • TIMOR GAP to fund 50% of the total development capex from FID • Gross US$20 million applied to long lead items pre-FID • Gross cap US$338 million (including pre-FID LLIs), thereafter TIMOR GAP contributes their 34% working interest • Finder retains a 66% part
Slide 17: KTJ Resources certified by RISC Advisory
KTJ Resources certified by RISC Advisory KTJ Gross Contingent Resource1 (MMbbl) 1C 2C 3C 19.0 25.5 34.6 Top Reservoir 3D Kuda Tasi Depth Map Fully appraised with 5 wells – logs, core and well tests data Covered by high-end Ikan 3D reprocessed seismic data Jahal Excellent quality Laminaria Formation
Slide 18: Upside – KTJ is just the beginning
Upside – KTJ is just the beginning Core Value + Undeveloped Discoveries + Low Risk Exploration KTJ Development Project Krill & Squilla Multiple Prospects 25 MMbbl, Gross 2C 23 MMbbl, Gross 2C 116 MMbbl, Gross Pmean KTJ Development Lanjara Prospect Kitan Krill Kurisi Prospect Squilla 25 MMbbl 26 MMbb
Slide 19: Krill & Squilla Oil Discoveries
Krill & Squilla Oil Discoveries – Significant Upside Identified HISTORICAL MAPPING 2025 MAPPING GRV New 2025 Ikan 3D Reprocessing FIELD Step-change in image quality resolving GRV (m3 x 106) GRV (m3 x 106) Variance shallow fault complexity and improving Krill 136 217 +60% reservoir definition Squilla
Slide 20: Catalysts
Catalysts The KTJ Project is gathering momentum off the back of a series of major de-risking events Strategic Alliance with SLB RISC Independent Resource upgrade SPS/D&C FEED Complete TIMOR GAP Farmin PJI acquisition We are in a phase of intense activity as we execute our acceleration strategy with
Slide 21: Equity Raising Overview
2 Equity Raising Overview 21
Slide 22: Equity Raising Overview
Equity Raising Overview • Finder is undertaking an equity raising to raise approximately A$30 million, comprising: o A non-underwritten two-tranche institutional placement to raise ~A$27 million (Placement) to be conducted as follows: An unconditional tranche of ~42 million fully paid ordinary sha
Slide 23: Use of Proceeds
Use of Proceeds Sources A$m Proceeds from the Placement (before costs) 27.0 Finder is raising A$30m under the Offer to fund critical path workstreams Proceeds from the SPP (before costs) 3.0 required to achieve: Cash and cash equivalents1 13.4 • KTJ First Oil acceleration & long-lead items – subsea
Slide 24: Timetable and pro-forma position
Timetable and pro-forma position Indicative timetable Pro-forma capital structure Event Date1 Shares Trading halt and announcement of First Oil Acceleration Strategy 28 April 2026 Shares on issue 500,250,497 New Shares under Tranche 1 42,000,000 Trading halt lifted and announcement of completion of
Slide 25: Corporate Snapshot
Corporate Snapshot (ASX:FDR) Year-to-Date Price Chart Price (c) Share Price Vol (m) Company Directors 59c 25 0.70 70 0.60 60 20 0.50 50 15 Bronwyn Barnes 27 April 2026 0.40 40 Chairman 10 0.30 30 0.20 20 Market Capitalisation 5 0.10 10 $295m 0 0.00 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 De
Slide 26: Appendices
Ar tinder APPENDICES
Slide 27: UK North Sea – ILX Exploration Portfolio
UK North Sea – ILX Exploration Portfolio Finder P2610 (50%) licence Prolific Central North Sea Production platform • All licences operated by FPSO P2655 (100%) Boaz Eirin Finder Gina Krog Claymore Piper Sleipner • Strategic partnerships Tartan formed with nearby Scott Kinnoull facility owners Golden
Slide 28: Australia - key positions in prolific basins
Australia - key positions in prolific basins WA-547-P (100%) Northern Carnarvon Basin Vulcan Sub-basin • 508 MMboe over Phoenix Proven Play Oliver 3 key prospects1 Phoenix South surrounded by full- to-spill discoveries Roc • Along trend from Dorado Pavo Audacious Dorado Discovery Tenacious Mutineer
Slide 29: Glossary
Glossary Term/Acronym Definition Term/Acronym Definition 1C Denotes low estimate of Contingent Resources GRV Gross Rock Volume - The total volume of rock in a subsurface reservoir area before applying any cut-offs 2C Denotes best estimate of Contingent Resources for porosity, saturation or other res
Slide 30: Contingent and Prospective Resources
Contingent and Prospective Resources Contingent Resources7 Oil/Cond Gross Contingent Resources Net Contingent Resources ASX announcement reference date and Country Licence FDR Equity Name Status (MMbbl)/ notes3 Gas (BCF) 1C 2C 3C 1C 2C 3C KTJ Project ASX – 8 Oct 2025 – RISC independent Kuda Tasi Fie
Slide 31: Notes on Petroleum Resource Calculations
Notes on Petroleum Resource Calculations Table Notes 1. Finder calculates reserves and resources according to the Society of Petroleum Engineers Petroleum Resource Management System (SPE-PRMS) definition of petroleum resources. Finder reports reserves and resources in line with ASX listing rules. 2.
Slide 32: Placement Agreement Summary
Placement Agreement Summary PARTIES development capex; Agreement; Timor or the People’s Republic of China, or a national Finder Energy Holdings Limited Shareholder Approval – if Shareholder Approval is not Regulatory action – emergency or a material escalation or a nation emergency in Barrenjoey Mar
Slide 33: Key Risks
Key Risks INTRODUCTION expertise and experience. The loss of services from key personnel may for the development of the KTJ Project and as a result of inflationary negative impacts relating to development projects of the Company, may This section discusses some of the risks associated with an invest
Slide 34: Key Risks continued
Key Risks continued There are certain types of risks that are not covered by insurance which Finder operates and also in which its products are consumed may potential gaps in funding which would require additional funding in the Resource and reserve estimates - Estimating hydrocarbon resources becau
Slide 35: Key Risks continued
Key Risks continued Exchange rate - Finder operates in Australia, the United Kingdom and confidentiality, integrity or availability by Finder, or any third party, poses issue of Shares as partial consideration under the Acquisition, the in New Shares involves tax considerations which may differ for
Slide 36: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of new ordinary shares (“New Shares”) of evidencing or relating in any way to the sale of the New Shares (including for greater The contents of this document have not been reviewed by any Hong Kong regulatory or indirectly,
Slide 37: www.finderenergy.com
+61 8 9327 0100 info@finderenergy.com www.finderenergy.com 37
Finder Energy Holdings — Investor Presentation (April 2026) on 6ix