Beacon Energy Plc · LSE:BCE
Beacon Energy — Investor Presentation (February 2026)
17 slides from Beacon Energy's investor presentation, February 2026
Slide 1: Strategic Investment in LN Energy
Strategic Investment in LN Energy Material Gas Development Onshore Italy February 2026 | www.beaconenergyplc.com | Beacon Energy | Corporate Presentation |
Slide 2: Disclaimer
Disclaimer THE CO MPANY’S SECURITIES HAVE NO T BEEN REGISTERED AND WILL carried out an independent investigation to verify the accuracy and associations and partnerships and trustees of high value trusts); and NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS completeness of such third-par
Slide 3: Disclaimer
Disclaimer Transmission of the Presentation or related documents to any other operations, environmental risks, reclamation expenses, title disputes or and that any person to whom you disclose any such inside information pers on in the UK is unauthorised and may contravene FSMA. Any claims, limitatio
Slide 4: Executive summary
Executive summary Colle Santo: one of the largest undeveloped gas fields onshore Western Europe Location map1 • Located in Abruzzo, in close proximity to a number of producing gas fields • Fully appraised gas field with proven reserves – gross 2P 73.3 BCF (12.2 mmboe) • Two wells already drilled and
Slide 5: Transaction details
Transaction details Beacon to acquire 48% shareholding in LN Energy Limited (“LNE”) from Reabold Post-deal corporate • Staged transaction – 24% to be acquired at Completion (February 2026); balancing 24% following award of structure Production Concession (anticipated mid 2026) Consideration • Reabol
Slide 6: Italian E&P landscape
Italian E&P landscape European gas supply challenges continue Italy is an established oil & gas province • Highly dependant on imports ~95% of demand • Oil & gas production >100,000 boepd • New Energy Decree (Decreto Legge n. 19, 28 Feb • Gas production since 1940s 2025) explicitly commits to boosti
Slide 7: Colle Santo overview
Colle Santo overview Colle Santo represents one of the largest undeveloped gas fields onshore Western Europe Field structure and previous wells 1 • Located in Abruzzo, in close proximity to a number of producing gas fields • Certified gross 2P of 73.3 BCF (12.2 mmboe) by RPS • LNE holds 90% interest
Slide 8: Near-term catalysts (approvals, development timeline)
Near-term catalysts (approvals, development timeline) Field Development Plan includes Indicative project timeline • Two existing production wells (MP-1 and MP-2) • Individual well monitoring equipment (pressure / flowrate and well testing) Milestone Timing • Small-scale LNG processing unit with CO2
Slide 9: Italfluid a Blue-chip Technical and Operating Partner
Italfluid a Blue-chip Technical and Operating Partner1 Italfluid Overview • Italfluid GeoEnergy S.r.l. is a private Italian EPC contractor with over 45 years of experience in the oil & gas sector • Specializes in designing, building and maintaining small-scale LNG and process plants • Serves major c
Slide 10: Development funding (Project 100%)
Development funding (Project 100%) Sources €m Uses €m Pre-pay / debt facility 25 - 30 Acquisition payment 9.0 Grant funding 0 - 13 LNG plant inc CO2 15.3 Land acquisition 0.9 Personnel 1.1 TOTAL 25 - 43 26.3 Offtake and pre-payment Facilities (LNG plant, CO2 capture) • MOU between LNEnergy and Oil T
Slide 11: Project economics
Project economics NPV10 (€m)1 Annual FCF (€m) post-finance (100%)2 70 60 50 40 30 20 10 0 1P 2P 3P Beacon 100% Project Dependent on Beacon ultimate shareholding in LNE Project (100%) FCF rises from ~€4m/y to ~€18m/y Project (100%) 2P NPV10 €62 million post capex and debt service 1. Source: RPS Energ
Slide 12: Fundraise sources and uses, timetable and conditions
Fundraise sources and uses, timetable and conditions Sources and Uses Completion of the Transaction is subject to, inter alia: • Finalisation of the Placing; Uses £m • Publication of an AIM Admission Document; and Funding to LNE to progress to FID 2.0 • Approval by Beacon Energy's shareholders at a
Slide 13: Investment Summary
Investment Summary Asset Transaction Corporate Strategy • Colle Santo: one of the largest • Acquisition of 48% shareholding in • Initial focus on progressing Colle undeveloped gas fields onshore LNEnergy Limited from Reabold Santo to FID Western Europe • Shareholding in LNEnergy expected to • Contin
Slide 14: Advisers & Contact Details
Advisers & Contact Details Beacon Energy plc Nominated Adviser 55 Athol Street Douglas Strand Hanson Isle of M an Brokers I M11LA Tennyson Securities T +44 (0)20 7466 5000 c/o Burson Buchanan Auditors E info@beaconenergyplc.com Lubbock Fine W eb si te w ww. be aco nen er g y pl c. com Registrars Com
Slide 15: Proven Leadership with Deep Sector Expertise and a Strong Track Record
Proven Leadership with Deep Sector Expertise and a Strong Track Record Mark Rollins (Non-Executive Chairman) Stewart MacDonald (CEO & Director) • Leadership roles at various international E&Ps • 20+ years of energy-sector corporate finance and M&A across commercial, business development & • Former D
Slide 16: Project site layout and schematic
Project site layout and schematic Source: LNEnergy Source: LNEnergy | www.beaconenergyplc.com | Beacon Energy | Corporate Presentation | 16
Slide 17: Corporate structure post transaction
Corporate structure post transaction Public investors ~29% 71% Stuart Price 15% Robert Price 15% Mark Frascogna 11% Others 11% 48% (increasing as new funding provided) 52% 100% LNEnergy (Ireland) Ltd 100% LNEnergy Srl (Italian) Intergie Srl (in default) 90% 10% Colle Santo Mini LNG Project | www.bea
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