Slide 1: FY25 full year results
FY25 full year results Australian energy when you need it | 4 August 2025 For personal use only
Slide 2: Compliance statements
Compliance statements Disclaimer Assumptions This presentation contains forward-looking statements, including statements of current intention, opinion and predictions regarding Guidance is uncertain and subject to change. Production and capital expenditure guidance and other forecasts, projections,
Slide 3: A strengthened foundation to deliver growth
A strengthened foundation to deliver growth A domestic focused energy company delivering its strategic objectives For personal use only ✓ Financial strength to pursue organic and opportunistic growth ✓ Clear strategy to grow local gas supply for domestic markets ✓ Owner’s mindset for sustainable cos
Slide 4: Becoming Australia's leading domestic energy company
Becoming Australia’s leading domestic energy company FY25 outcomes demonstrate a unique foundation for growth For personal use only HIGH MARGINS SUSTAINABLE CORE HUBS GROWTH Eastern Australia and Owner’s mindset Pivot to long-life, resilient assets Western Australia Low-cost operations Sustainabilit
Slide 5: Strategic review objectives
Strategic review objectives Significant progress made over the past 12 months Strategic review objectives FY25 progress For personal use only • New asset-based organisational structure ✓ Asset-based organisational structure implemented Organisational model ✓ Executive leadership team appointed • Hig
Slide 6: Beach is an integral East Coast domestic gas supplier
Beach is an integral East Coast domestic gas supplier Supplying 19% of East Coast gas demand following ~$2 billion of investment over the past five years Beach East Coast domestic gas profile For personal use only ▪ Achieving balance between shorter-term contracts and spot market exposure to meet Ea
Slide 7: FY25 headline results
FY25 headline results Material growth delivered across key metrics For personal use only PRODUCTION AVERAGE REALISED GAS PRICE 19.7 MMboe 9% $10.7/GJ 13% SALES VOLUMES OPERATING CASH FLOW 24.7 MMboe 16% $1.1 billion 46% SALES REVENUE PRE-GROWTH FREE CASH FLOW1 $2.0 billion 13% $657 million >4x UNDER
Slide 8: Reserves and resources
Reserves and resources Bass Basin and Western Flank increases offset by Perth Basin drilling outcomes MMboe 30-Jun-24 30-Jun-25 Beharra Springs Deep revision For personal use only 1P reserves 109 93 ▪ Beharra Springs Deep 3 targeted the Kingia reservoir in the 2P reserves 205 173 northern part of th
Slide 9: Health, safety and environment
Health, safety and environment Achieving exceptional HSE outcomes Personal safety performance Key highlights For personal use only 16 5 4.4 ▪ Best safety and environmental performance in 14 years Total Recordable Injuries 3.4 4 12 3 o One recordable injury 2.4 8 2.1 12 2 o No hydrocarbon spills of c
Slide 10: Sustainability
Sustainability Energy for a sustainable transition Environment Social Moomba CCS: A landmark event for Australia’s decarbonisation For personal use only ▪ Successful Moomba CCS ▪ Inaugural Reconciliation Action commissioning and ramp-up Plan launched in March 2025 ▪ >1,000,000 tCO2e (gross) ▪ Finali
Slide 11: Financial results
FY25 full year results Financial results For personal use only
Slide 12: Headline financial metrics
Headline financial metrics Earnings growth from higher East Coast gas volumes and Waitsia LNG cargoes $ million (unless otherwise indicated) FY24 FY25 Change FY25 sales revenue: $2.0 billion For personal use only Production1 (MMboe) 18.2 19.7 9% Sales volumes (MMboe) 21.3 24.7 16% Gas liquids Sales
Slide 13: Underlying NPAT movements
Underlying NPAT movements1 Structural operating cost savings supported earnings growth $ million Earnings growth from: For personal use only 32 (59) ▪ Higher production from Beach-operated (47) assets and higher realised gas prices (24) 247 (39) ▪ Five Waitsia LNG cargoes (FY24: two cargoes) ▪ Lower
Slide 14: Cash reserves movements
Cash reserves movements $657 million of pre-growth free cash flow1 delivered record final dividend $ million ▪ Operating cash flow up 46% to $1,133 million For personal use only o Net operating receipts up 29% to (328) $1,276 million o Income tax payments down 46% to $65 million o Restoration paymen
Slide 15: Strong financial position
Strong financial position Delivering record full year dividends with liquidity for growth Available Liquidity ($ million) For personal use only 652 ▪ Paydown of debt facilities from strong cash flow generation 437 ▪ Financial strength enabled higher FY25 dividends whilst 480 supporting FY26 capital
Slide 16: Outlook
FY25 full year results Outlook For personal use only
Slide 17: FY26 guidance
FY26 guidance Guidance influenced by Waitsia Gas Plant ramp-up and the Equinox rig campaign FY26 outlook Production Capital expenditure Production: 19.7 – 22.0 MMboe For personal use only Four rigs targeting ~80 wells; drilling Cooper Basin JV Flood impact up to 0.8 MMboe subject to flood recovery 1
Slide 18: Active work programs across core hubs
Active work programs across core hubs Investing in the base business to grow production For personal use only West Coast – Waitsia Stage 2 East Coast – Equinox rig campaign Oil – Western Flank Commissioning critical infrastructure for the Comprehensive program of drilling, intervention 10-well oil a
Slide 19: Wrap-up and Q&A
FY25 full year results Wrap-up and Q&A For personal use only
Slide 20: A strengthened foundation to deliver growth
A strengthened foundation to deliver growth A domestic focused energy company delivering its strategic objectives For personal use only ✓ Financial strength to pursue organic and opportunistic growth ✓ Clear strategy to grow local gas supply for domestic markets ✓ Owner’s mindset for sustainable cos
Slide 21: Appendix
FY25 full year results Appendix For personal use only
Slide 22: Reconciliation of EBITDA and NPAT
Reconciliation of EBITDA and NPAT $ million FY24 FY25 Change Underlying EBITDA 950 1,136 20% Impairment of non-current assets (1,099) (674) For personal use only Tariffs and tolls related to unutilised NWS capacity (51) (41) Insurance recoveries 31 22 Loss on disposal of non-current assets (12) - Le
Slide 23: Segment information
Segment information SA WA Victoria NZ Corporate Total ($ million) FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 For personal use only Production (MMboe) 9.9 8.3 1.6 1.6 4.9 8.2 1.7 1.6 18.2 19.7 Sales volumes (MMboe) 11.4 10.0 3.4 4.8 4.8 8.2 1.7 1.7 21.3 24.7 Sales revenue 1,071 887 2
Slide 24: Perth Basin
Perth Basin Privileged infrastructure to service West Coast domestic gas and global LNG markets Asset overview For personal use only ▪ Interest: 50% interest and operator of L11 and L22 (Mitsui 50%); 50% interest in L1 and L2 (Mitsui 50% and operator) ▪ Assets: Waitsia Gas Plant (250 TJ/day capacity
Slide 25: Otway Basin
Otway Basin Delivering new gas supply for the East Coast market Asset overview For personal use only ▪ Interest: 60% interest and operator (O.G. Energy 40%) ▪ Assets: Otway Gas Plant (205 TJ/day capacity); Black Watch, Enterprise, Geographe, Halladale, Speculant and Thylacine gas fields; Artisan and
Slide 26: Cooper Basin JV
Cooper Basin JV Contributing to Australia’s decarbonisation journey through reliable CO2 injection and storage Asset overview For personal use only ▪ Interest: Various non-operated interests (Santos operator)1 ▪ Assets: Moomba Gas Plant (310 TJ/day capacity); Moomba CCS (up to 1.7 Mtpa CO2 injection
Slide 27: Western Flank
Western Flank Preparing for the next phase of development and exploration drilling activity Asset overview For personal use only ▪ Interest: 100% interest and operator of PEL 91, PEL 104/111 and PEL 106; 75% interest and operator of PEL 92 (Amplitude Energy 25%) ▪ Assets: Middleton Gas Plant (22 TJ/
Slide 28: Bass Basin and Taranaki Basin
Bass Basin Taranaki Basin For personal use only Non-core asset operating philosophy ▪ Safety takes precedence ▪ Small, focused operational teams ▪ Target self-sustaining / self-funding operations ▪ Compliant with strict operating principles ▪ Selective capital investment only Interests: 100% interes
Slide 29: Beach Energy Limited
BEACH ENERGY LIMITED Level 8, 80 Flinders Street Adelaide SA 5000 Australia T +61 8 8338 2833 F +61 8 8338 2336 For personal use only beachenergy.com.au INVESTOR RELATIONS Derek Piper, General Manager Investor Relations & Treasury T +61 8 8338 2833