Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Shareholder Meeting (November 2024)
19 slides from Amplitude Energy's shareholder meeting presentation, Nov 7, 2024
Slide 1: 2024 Annual General Meeting addresses and presentation
ASX Announcement / Media Release 7 November 2024 PROUDLY PART OF AUSTRALIA’S ENERGY FUTURE 2024 Annual General Meeting addresses and presentation Cooper Energy Limited (ASX: COE) will hold its Annual General Meeting (AGM) today at 10:30am ACDT. The meeting will be recorded with a replay video availa
Slide 2: 2024 Annual General Meeting
For personal use only 2024 ANNUAL GENERAL MEETING 7 November 2024
Slide 3: Disclaimer
DISCLAIMER This document contains summary information about Cooper 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 Cooper Energy may require in order to determin
Slide 4: Gas meets 27% of Australia's energy demand
GAS MEETS 27% OF AUSTRALIA’S ENERGY DEMAND “We cannot turn off Australia’s gas without significant adverse impacts on Australians and our region.” Future Gas Strategy, Department of Infrastructure, Science and Resources, May 2024 For personal use only Gas demand in Southern States1, 2023 Power gener
Slide 5: Urgent demand for new domestic gas supply
URGENT DEMAND FOR NEW DOMESTIC GAS SUPPLY Industrial demand remains consistent in a net-zero future as there are no commercial alternatives to gas Southern States AEMO domestic demand forecast, PJ p.a.1 Southern States AEMO supply forecast, PJ p.a.2 For personal use only Industrial ResidentialCommer
Slide 6: 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 100 5.00 For personal use only 62.1 90 4.50 80.4 59.8 80 4.00 70 3.97/GJ 61.1 59.2 3.50 60 55.5 3.00 50 40 2.80
Slide 7: Orbost performance improvement
ORBOST PERFORMANCE IMPROVEMENT New production records set at Orbost with the plant recently operating near nameplate capacity Orbost Gas Processing Plant (OGPP) average processing rate, TJ/d For personal use only Recent production records due to sulphur processing improvements and better overall p
Slide 8: East Coast Supply Project targeting first gas in 2028
EAST COAST SUPPLY PROJECT TARGETING FIRST GAS IN 2028 Unlocking gas resources in established basins to backfill existing infrastructure Rig campaign For personal use only scheduled from H2 2025 First gas 2028 >350 Bcf1 gross unrisked Strong gas resource customer potential support Exceeds NPV, Strong
Slide 9: A low emissions intensity portfolio
A LOW EMISSIONS INTENSITY PORTFOLIO With targets to improve further by FY30 New FY30 Emissions Reduction Targets Peer group emissions intensity For personal use only benchmarking, kg CO2e/boe1 Scope 1: Reduce flaring by 40% by FY30 Scope 2: Integrate renewable electricity to support from FY23 on an
Slide 10: Positive outlook
POSITIVE OUTLOOK Cooper Energy has a number of value catalysts over the near, medium and long-term Expected event Expected timing For personal use only Amended/enlarged debt facility and maturity extension December 2024 Continuation of improved OGPP production levels Remainder of FY25 Higher realise
Slide 11: A new company name and visual identity: Amplitude Energy
A NEW COMPANY NAME AND VISUAL IDENTITY: AMPLITUDE ENERGY We have evolved from a Cooper Basin oil explorer, to an explorer, developer and producer of domestic gas for Australians… 2001: Incorporated 2011-23: Focus strategy on Australian energy market 2023: Operator of two integrated upstream and plan
Slide 12: … to a brand
For personal use only 14 … to a brand
Slide 13: Chairman's Address
COOPER ENERGY LIMITED ABN 93 096 170 295 ANNUAL GENERAL MEETING Annual General Meeting of Shareholders to be held in person at U City, Level 1, 43 Franklin Street, Adelaide, Thursday 7 November 2024 at 10.30 am ACDT Chairman’s Address For personal use only John C Conde, AO The 2024 financial year wa
Slide 14: Chairman's Address (continued)
management team is advancing funding and partnership arrangements, and the necessary approvals to enliven this essential project. As we enter FY25, our focus is clear: to improve shareholder returns by increasing production in a tight market, maximizing our operational leverage, and de-risking growt
Slide 15: Chairman's Address (concluded)
supply into the market via the ECSP. This is what we mean by being part of Australia’s energy future. The long-term strategy of the company is sound, and we look forward to crystallising the benefits of it in the best interests of our shareholders in FY25 and beyond. I now invite the Managing Direct
Slide 16: Managing Director's Address
Managing Director’s Address Jane Norman SLIDE 4: MANAGING DIRECTOR’S ADDRESS Thank you, Chairman. It is my pleasure to address our shareholders today. SLIDE 5: DISCLAIMER Our disclaimer is set out on this slide. Among the other matters set out here, I would draw your attention to the language regard
Slide 17: Managing Director's Address (continued)
consistent improvements in production and operating cashflow over time. We have started to build this track record, but recognise that consistent delivery of results is required, to continue to build trust and confidence in our business. SLIDE 9: ORBOST PERFORMANCE IMPROVEMENT Improving Orbost perfo
Slide 18: Managing Director's Address (continued)
Closely linked to improved production stability at Orbost, we are tracking strongly against our Scope 1 target to reduce flaring by 40% by FY2030 from an FY23 baseline. In FY24 we achieved a 34% flaring reduction at group level compared to FY23. Full details of our FY24 emissions are published in ou
Slide 19: Managing Director's Address (rebrand and close)
Thank you to all our shareholders who have supported us on this journey over the last two decades. We have evolved as a company, from a Cooper Basin focused, oil explorer, to now an East Coast domestic gas explorer, developer and operator, proudly playing our part in the energy transition. The next
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