Cue Energy Resources Limited · ASX:CUE
Cue Energy Resources — Investor Presentation (March 2025)
19 slides from Cue Energy Resources's investor presentation, Mar 27, 2025
Slide 1: Investor Presentation – Cue Energy Resources Limited
High Quality Portfolio Sustainable Production Attractive Dividend Returns ASX:CUE INVESTOR PRESENTATION CUE ENERGY RESOURCES LIMITED 27 March 2025
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices Various statements in this document may constitute statements relating to intentions, opinion, expectations, present and future operations, possible future events and future financial prospects. Such statements are not statements of fact and are generally classified
Slide 3: An Attractive Investment
An Attractive Investment Dividend-paying, with a diverse portfolio of non-operated, producing oil and gas assets across Australia, Indonesia, and New Zealand $27.1m Revenue in 1H FY25 Sustainable, High Margin Oil and >100% Reserve replacement in FY24 Gas Production Successful development drill
Slide 4: Diverse Portfolio of Production Assets
Diverse Portfolio of Production Assets Generating Strong Free Cash Flow from Four Key Production Assets Mahato PSC Jakarta Interest 11.25% Office Mereenie/Palm Onshore oil production Valley/Dingo Interest 7.5 – 15% Onshore gas and oil production Maari Sampang PSC Interest 5% Interest 15% Offshore oi
Slide 5: Following a Clear Strategy
Following a Clear Strategy Disciplined Investment and Shareholder Returns Maximise Value from Existing Assets Shareholder Returns > Mahato development drilling Continuing > Initiated dividends in FY24 with Growth in Known Areas $28m (4 cps) paid to date > Mereenie drilling completed; planning underw
Slide 6: Operational and Financial Performance: 1H FY25 Financial Highlights
Operational and Financial Performance: 1H FY25 Financial Highlights(1) Continuing to Deliver Strong Operational Performance, Investment Discipline and Cashflow Generation Revenue Net Profit After Tax EBITDAX $27.1 $4.3 million $15.2 million million Indonesia $15.3m Australia $5.5m Net Cash (2) Inter
Slide 7: Consistent Dividend Payments Aligned with Policy
Consistent Dividend Payments Aligned with Policy $28 million Returned to Shareholders Dividends of 4 cents per share paid in the past 18 months totalling $28 million 50% CY24 dividend yield based on 1 Jan 2024 share price and 3cps dividend return in CY24 ~20% annualised CY25 dividend yield bas
Slide 8: Dividends Backed by Strong Operational and Financial Performance
Dividends Backed by Strong Operational and Financial Performance Strong Balance Sheet, Attractive Reinvestment Targets and Modest Valuation 1c Interim Dividend Declared 0.13 25 February 2025 6,000,000 Market Capitalisation (25/03/25) $69.9 million 1c Final Dividend Declared 23 August 2024 0.12 Share
Slide 9: High Margin Asset Base with Material Upside Potential
High Margin Asset Base with Material Upside Potential 1H FY2025 Delivered Strong Operational and Financial Performance Annual Operating Revenue 1H FY25 Revenue and Gross Margin A$ million A$ million 14 60% 60 12 50 50% 10 40 40% 8 30 30% 6 20 20% 4 10 10% 2 0 0 0% FY 2021 FY 2022 FY 2023 FY 2024 1H
Slide 10: Strong Free Cash Generation
Strong Free Cash Generation Continued Dividend Payments While Reinvesting to Sustain Production 1H FY2025 Cashflow A$ million 10 2 26 1 6 13 7 1 16.3 17.1 Opening Cash 1 July Receipts from Payments to Suppliers Taxes, Royalties and Exploration Net Cash from Net Cash used in Dividends FX Closing Cash
Slide 11: Asset and Commodity Diversity
Asset and Commodity Diversity Consistent Production Backed by a Diversified Asset Portfolio H1 FY2025 Revenue by Country Net Production Australia 700,000 Barrels of Oil Equivalent 20% 600,000 Indonesia $27.1m 56% New Zealand 500,000 24% 400,000 H1 FY2025 Revenue 300,000 by Product 200,000 Gas 32% 10
Slide 12: Mahato PSC: Indonesia
Mahato PSC: Indonesia Ongoing Development Drilling with Exposure to Brent Oil Prices Location: Central Sumatra Basin Cue Interest: 11.25% 1H FY2025 Cue Revenue: $11.6 million Field Production: >6000 bopd (100%) Product Sales: Oil export at Brent based pricing (USD) Ongoing development drilling E
Slide 13: Sampang PSC: Indonesia
Sampang PSC: Indonesia Paus Biru Development Concept Gas Production with Paus Biru Development Upside New Paus Biru Location: Offshore East Java Wellhead Platform Cue Interest: 15% 1H FY25 Cue Revenue: $3.7 million Field Production: ~17 mmcfd (100%) 1H FY25 average Product Sales: Long term gas contr
Slide 14: Australian Onshore Gas
Australian Onshore Gas LNG Plant gas Blacktip restarted Mereenie, Palm Valley and Dingo Fields Supplying at 35-40TJ/d. is a high-cost alternative Natural Gas to Northern Territory and Eastern Australia Lower than previous production Location: Onshore Amadeus Basin, NT Cue Interest: Mereenie 7.5%, Pa
Slide 15: Maari Oilfield: New Zealand
Maari Oilfield: New Zealand Focusing on Production Optimisation and Cost Reduction Location: Offshore Taranaki Basin Cue Interest: 5% 1H FY25 Cue Revenue: $6.3 million Field Production: ~5350 bopd (100%) January 2025 Product Sales: Export sales at Brent +US$4/bbl weighted average premium for 1H FY25
Slide 16: Future Developments to Drive Sustainable Returns
Future Developments to Drive Sustainable Returns Asset Portfolio Positioned for Long-Term Production and Free Cash Flow Generation Cue Energy Activity Plan 1Q CY25 2Q CY25 3Q CY25 4Q CY25 1Q CY26 Onshore Australia Mereenie Development Wells x 2 Potential Palm Valley Infill Wells Mereenie optimisatio
Slide 17: Investment Recap: Strong Performance underpins Attractive Dividend
Investment Recap: Strong Performance underpins Attractive Dividend Portfolio of high performing assets supports attractive dividend and valuation Sustainable, High Margin Oil and Gas Production Attractive Dividend Policy Development Modest Strong Free and Valuation Cashflow Exploration Generation Mu
Slide 18: Cue Energy Resources Limited
Cue Energy Resources Limited Level 3, 10 Queen Street Melbourne, Victoria, AUSTRALIA 3000 P (+61) 3 8610 4000 F (+61) 3 9614 2142 E mail@cuenrg.com.au W www.cuenrg.com.au ASX:CUE 18 Investor Presentation | March 2025
Slide 19: Appendix 1: Cue Reserves and Resources
Appendix 1: Cue Reserves and Resources 30 June 2024 Governance arrangements and internal controls Cue estimates and reports its petroleum reserves and resources in accordance with the definitions and guidelines of the Petroleum Resources Management System 2018 (SPE-PRMS), published by the Society of
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