Amplitude Energy Limited · ASX:AEL
Amplitude Energy — AEP Conference 2025
20 slides from Amplitude Energy's conference presentation, May 28, 2025
Slide 1: Updated AEP Conference Investor Presentation
ASX Announcement / Media Release 28 May 2025 Updated AEP Conference Investor Presentation An updated version of Amplitude Energy Limited’s (AEL: ASX, “Amplitude Energy” or “the Company”) Investor Briefing presentation at the AEP Conference, previously lodged with ASX on 27 May 2025, is enclosed withi
Slide 2: Investor Briefing May 2025
For personal use only Investor Briefing May 2025
Slide 3: Disclaimer
Disclaimer This document contains summary information about Amplitude Energy and its activities as at the date of this document and should not be considered to be comprehensive or to comprise all the information which a shareholder or potential investor in Amplitude Energy may require in order to de
Slide 4: Amplitude investment proposition
Amplitude investment proposition AEL provides investors with a growing exposure to Australia’s tight east coast gas market Assets in Australia’s largest gas demand centre, within the very tight East Coast gas market For personal use only Strategic asset position Orbost Gas Processing Plant Melbourne
Slide 5: Operational and financial update
For personal use only #1 Operational and financial update
Slide 6: Orbost performance improvement
Orbost performance improvement New production records set at Orbost with further improvements in H2 FY25 Orbost Gas Processing Plant (OGPP) average processing rate, TJ/d For personal use only Production improvements driven by — Innovative engineering solutions to historical sulphur processing issu
Slide 7: Increasing exposure to spot and current market prices
Increasing exposure to spot and current market prices Indicative uncontracted volumes assuming group average production of 70 TJe/day (equity gas) from CY2025 onwards Gas contract stack, existing reserves only1 For personal use only PJ/annum Excludes any volumes from East Coast ~TJe/d 30 Assumes gro
Slide 8: Shaping gas supply to create premium products for customers
Shaping gas supply to create premium products for customers Strategic infrastructure and market position provides potential for Amplitude Energy to maximise the value of our gas through the energy transition Agreement to supply Bairnsdale peaker with as-available gas Potential restart and repurpose
Slide 9: Building a track record of performance
Building a track record of performance Delivering production growth and cost reductions to drive earnings and cash generation Production, TJe/d Production expenses, $mm \ $ per GJ produced For personal use only OGPP improvement trial 73.5 36.0 34.2 opex + pipeline restrictions 34.0 32.2 $3.30 32.0 3
Slide 10: East Coast Supply Project
For personal use only #2 East Coast Supply Project
Slide 11: Strategically-aligned partner for the East Coast Supply Project secured
Strategically-aligned partner for the East Coast Supply Project (ECSP) secured Three-well program approved, aiming to deliver up to 90 TJ/day1 to the domestic gas market from 2028 For personal use only O.G. Energy is a strategically-aligned and well funded partner, validating the attractiveness of E
Slide 12: Brownfield project unlocking value of existing infrastructure
Brownfield project unlocking value of existing infrastructure World class exploration success rates in the Offshore Otway Basin delivering on our strategy into the next decade Otway Basin Low-risk 3-well exploration & development program For personal use only Prioritising backfill for the Athena G
Slide 13: Domestic gas is the cheapest & lowest emissions option
Domestic gas is the cheapest & lowest emissions option LNG imports to Victoria would be more expensive and ~2-6x more emissions intensive than Amplitude Energy’s domestic gas East Coast contracted gas prices, A$/GJ Emissions intensity of producing LNG vs. domestic gas, kgCO2-e/GJ4 For personal use o
Slide 14: Investment in Otway Basin growth
Investment in Otway Basin growth A number of operators have identified the Otway Basin as a strategic gas supply source for Australia’s domestic market Strategic gas supply basin for the tight Australian east coast market For personal use only Basin operators Significant local and global investmen
Slide 15: Amplitude's investment in the Otway Basin
Amplitude’s investment in the Otway Basin Significant future exploration potential in AEL’s permits with many identified prospects Bright future for AEL in the Otway Basin AEL fields and prospects in the Otway Basin For personal use only Exploration success at Elanora will enable a follow up devel
Slide 16: With exploration success, ECSP is transformational for Amplitude Energy
With exploration success, ECSP is transformational for Amplitude Energy From 2028, ECSP has the potential to: For personal use only Increase Group production to >100 TJ/d Double Group revenue from FY24 levels Grow Group earnings ~3x from FY24 levels Increase Group reserves & resources by more than 6
Slide 17: Summary
For personal use only #3 Summary
Slide 18: Positive outlook
Positive outlook Amplitude Energy has numerous value catalysts over the near and medium-term Catalysts in FY25 Project catalysts beyond FY25 For personal use only Completion of O.G. Energy entry into Otway JV & Results of recent OGPP improvement initiatives crystallisation of carry for historica
Slide 19: Appendix
For personal use only Appendix
Slide 20: Otway exploration opportunities
Otway exploration opportunities High quality, low risk prospects in amplitude-supported play Otway Basin, Top Waarre Formation Prospective Resource Summary1 For personal use only AEL Low (P90) Best (P50) Mean High (P10) Prospect Permit Pg4 equity (%) Gross2 Net3 Gross2 Net3 Gross2 Net3 Gross2 Net3 E