Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Bell Potter Unearthed Conference 2025
19 slides from Amplitude Energy's conference presentation, Feb 12, 2025
Slide 1: Bell Potter Unearthed Conference Presentation
For personal use only Bell Potter Unearthed Conference Presentation 12 February 2025
Slide 2: 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 3: Urgent demand for new domestic gas supply
Urgent demand for new domestic gas supply Risk of supply shortfalls during peak winter demand periods from 2025, and larger seasonal shortfalls from 2026 onwards Southern States AEMO domestic demand forecast, PJ p.a.1 Southern States AEMO supply forecast, PJ p.a.2 For personal use only Industrial Re
Slide 4: A pure-play domestic gas producer supplying southeastern states
A pure-play domestic gas producer supplying southeastern states Gippsland Basin, PJe1 Offshore Gippsland Basin 2P • Gas and gas liquids production from the Sole field 2C • Manta and Gummy gas and gas liquids resource and For personal use only multiple gas exploration prospects 178 • 100% Amplitude E
Slide 5: Unlocking Amplitude's value
Unlocking Amplitude’s value Amplitude has moved past historical challenges and is now focused on growing supply into the tight East Coast domestic gas market Major decommissioning spend complete OGPP improvement & margin growth Progressing Otway growth For personal use only 61.5 highlights 1H FY25 5
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 For personal use only 100 5.00 73.5 90 4.50 80.4 80 4.00 62.1 70 3.97/GJ 61.1 59.2 3.50 59.8 60 3.00 55.5 50 40
Slide 7: Orbost performance improvement
Orbost performance improvement New production records set at Orbost with further improvements targeted for 2H FY25 Orbost Gas Processing Plant (OGPP) average processing rate, TJ/d For personal use only Production improvement in H1 driven by: — Innovative engineering solutions to historical sulphur
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 For personal use only Rig campaign scheduled from H2 2025 First gas 2028 >350 Bcf1 gross mean unrisked Strong gas resource customer support potential Strong custome
Slide 9: Positive outlook
Positive outlook Amplitude Energy has numerous value catalysts over the near, medium and long-term Expected event Expected timing For personal use only Implementation of next stage of OGPP improvement initiatives Now through to March OGPP shutdown Higher realised average gas prices from greater spot
Slide 10: Appendix
For personal use only Appendix
Slide 11: 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 Gas demand in Southern States1, 2023 For personal use only Power gener
Slide 12: Gas plays a critical role in the future electricity market
Gas plays a critical role in the future electricity market “Without GPG, the electricity grid would be unable to cope with peak electricity demand.” Future Gas Strategy, Department of Infrastructure, Science and Resources, May 2024 For personal use only South Australian electricity supply by type (~
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: AEL has increasing exposure to spot and current market prices
AEL has increasing exposure to spot and current market prices Indicative uncontracted volumes assuming group average production of 70 TJe/day (equity gas) Gas contract stack, existing reserves only1 For personal use only PJ/annum Excludes any volumes from East Coast ~TJe/d 30 Assumes group productio
Slide 15: FY25 guidance
FY25 guidance Focus on higher gas production driving cost efficiencies, cash generation and deleveraging, ahead of ECSP FY25 production: Upgraded to 65 – 72 TJe/day FY25 production expenses: $55 – 63mm1 FY25 capex: $50 – 60mm2 For personal use only 72 63 Stay-in- business CHN umbilical maintenance 6
Slide 16: 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 17: 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 Otway Basin 1 firm rig slot, multiple optional slots, with flexibility to call until For personal use only March 2026 — Rig expected in the basin in mid CY2025
Slide 18: 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
Slide 19: Gippsland exploration opportunities
Gippsland exploration opportunities Prolific basin adjacent to existing infrastructure Prospective Resource Estimates for Gummy Deep, Manta Deep, Chimaera East and Wobbegong Prospects, offshore Gippsland Basin1 For personal use only AEL Low (P90) Best (P50) Mean High (P10) Prospect Permit Pg4 equity
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