Beach Energy Limited · ASX:BPT
Beach Energy — Shareholder Meeting (November 2025)
42 slides from Beach Energy's shareholder meeting presentation, Nov 12, 2025
Slide 1: ASX Announcement: 2025 AGM addresses and presentation
Beach Energy Limited (ABN 20 007 617 969) | Level 8, 80 Flinders Street Adelaide, South Australia 5000 GPO Box 175, Adelaide, South Australia 5001 | beachenergy.com.au ASX Announcement 2025 AGM addresses and presentation Reference #068/25 Date 12 November 2025 The following is the Chairman’s address
Slide 2: 2025 AGM Chairman and CEO addresses
Beach Energy Limited (ABN 20 007 617 969) | Level 8, 80 Flinders Street Adelaide, South Australia 5000 GPO Box 175, Adelaide, South Australia 5001 | beachenergy.com.au Beach Energy 2025 AGM Chairman and CEO addresses 12 November 2025 Chairman’s Address Slide 1 – 2025 Annual General Meeting Good morn
Slide 3: Board and management (Chairman's address)
Slide 4 – Board and management Beach has a strong Board of non-executive directors with broad commercial and technical expertise and a deep understanding of Australia’s Energy landscape. I am pleased to note Shaun Gregory has been recently appointed to the Board. Shaun brings nearly three decades of
Slide 4: Strategy pillars and East Coast market share
These pillars are supported by our four core attributes of safety first, a performance-focused culture and values, organisational structure that supports execution, and a strong belief in the role gas will play to support and enable the energy transition. All backed by our focus on driving disciplin
Slide 5: Australian gas prices and regulation
Australia’s gas prices currently rank in the lowest quartile in the OECD. Since 2023, East Coast domestic gas prices have averaged 40% below export parity. This situation does not justify a subsidy or other direct market intervention. Comparing U.S. and Australian gas prices is misleading due to the
Slide 6: CEO's Address
CEO’s Address Slide 7 – CEO’s Address Thank you, Ryan, and good morning everyone. FY25 was a pivotal year for Beach as we earn the right to grow. We made strong progress against our strategic review objectives and towards our Vision of becoming Australia’s leading domestic energy company. This past
Slide 7: FY25 headline results and drilling
• On the drilling front, we refreshed our drilling inventory, with the first phase of the offshore Victoria Equinox rig campaign now complete and the Western Flank oil appraisal and development campaign about to commence. • Lastly, we delivered our sustainability objectives, in large part due to the
Slide 8: Safety and sustainability
These are satisfying results given the heightened focus Beach has placed over recent years on improving our safety culture. It is also a credit to all our staff in maintaining their dedication to safety as the organisation went through a period of significant change. It is imperative we continue thi
Slide 9: Investment in new gas supply and drilling campaigns
It is this investment which underpinned the 19% East Coast gas market share I spoke to earlier. Beach is not resting. We are committed to continued investment in new gas supply for the East Coast market. Since the end of the financial year, we commenced the Equinox rig campaign in offshore Victoria,
Slide 10: Beach Energy 2025 Annual General Meeting
Beach Energy 2025 Annual General Meeting 12 November 2025
Slide 11: 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 12: Chairman's Address
2025 Annual General Meeting Chairman’s Address
Slide 13: Board and management
Board and management Board of Directors Ryan Stokes AO Brett Woods Bruce Clement Sally-Anne Layman Sally Martin Dr Peter Moore1 Richard Richards Shaun Gregory NON-EXECUTIVE MANAGING DIRECTOR INDEPENDENT INDEPENDENT INDEPENDENT LEAD INDEPENDENT NON-EXECUTIVE INDEPENDENT DIRECTOR & & CHIEF EXECUTIVE N
Slide 14: Becoming Australia's leading domestic energy company
Becoming Australia’s leading domestic energy company FY25 outcomes demonstrate a unique foundation for growth HIGH MARGINS SUSTAINABLE CORE HUBS GROWTH Eastern Australia and Owner’s mindset Pivot to long-life, resilient assets Western Australia Low-cost operations Sustainability reporting Grow share
Slide 15: 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 East Coast gas outlook (PJ)1 Gas remains fundamental for Australia’s energy transition 400 300 Legacy gas supply sources in decline while demand c
Slide 16: CEO's Address
2025 Annual General Meeting CEO’s Address
Slide 17: Earning the right to grow
Earning the right to grow Base business reset Strategic review objectives FY25 progress • New asset-based organisational structure ✓ Asset-based organisational structure implemented Organisational model ✓ Executive leadership team appointed • High performance, strict accountability ✓ 33% headcount r
Slide 18: FY25 headline results
FY25 headline results Material growth delivered across key metrics 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 UNDERLYING EBITDA RECORD FU
Slide 19: Health, safety and environment
Health, safety and environment Achieving exceptional HSE outcomes Personal safety performance Key highlights 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 consequence 4 4 4 8 0.8
Slide 20: Sustainability
Sustainability Energy for a sustainable transition Environment Social ▪ Successful Moomba CCS ▪ Inaugural Reconciliation Action Plan commissioning and ramp-up launched in March 2025 ▪ >1.3 MtCO2e (gross) injected since ▪ Finalist in the 2025 Australian Energy commissioning Producers award for “Cultu
Slide 21: West Coast: Waitsia Gas Plant online
West Coast: Waitsia Gas Plant online A critical piece of infrastructure for the Western Australian gas market Ready For Start Up milestone achieved Delivery of first sales gas into the pipeline network expected imminently Nine LNG cargoes lifted from Dec-23 to Sep-25, delivering $629 million revenue
Slide 22: East Coast: Equinox rig campaign Phase 1 complete
East Coast: Equinox rig campaign Phase 1 complete Phase 2 expected to commence in Q3 FY26 Otway Basin ✓▪ Plug and abandon Thylacine 1 and Geographe 1 ✓▪ Hercules 1 exploration well ▪ La Bella 2 development well ▪ Artisan 1 completion ▪ Thylacine West 1 intervention Bass Basin ✓▪ Plug and abandon Whi
Slide 23: Beach value proposition
Beach value proposition Becoming Australia’s leading domestic energy company with a clear East and West Coast gas focus Cooper Basin ✓ Strong Balance Sheet Cooper Basin JV Beach various interests (non-operated) 310 TJ/day Moomba Gas Plant 1.7 Mtpa CO2e injection capacity ✓ Owner’s mindset Western Fl
Slide 24: Resolutions for Voting
2025 Annual General Meeting Resolutions for Voting
Slide 25: Proxy voting
Proxy voting Vote totals based on the first resolution Valid proxy votes received 1,488,401,034 % of total votes 65.24% 16
Slide 26: Financial statements
Financial statements To receive and consider the financial statements and the reports of the directors and auditors for the financial year ended 30 June 2025. There is no requirement for shareholders to approve the financial statements and reports. 17
Slide 27: Resolution 1: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report To consider and put to a vote the following as an ordinary resolution: “That, for the purposes of section 250R(2) of the Corporations Act, the remuneration report for the financial year ended 30 June 2025, as set out in Beach’s 2025 Annual Report, be adop
Slide 28: Resolution 1: Proxy results
Resolution 1: Proxy results Adoption of Remuneration Report Total Valid For Against Open-Usable Abstain Available Votes 1,473,408,965 11,346,662 3,645,407 1,488,401,034 1,054,119 99.00% 0.76% 0.24% 100% 19
Slide 29: Resolution 2(a): Election of Shaun Gregory
Resolution 2(a) Election of Shaun Gregory as a director To consider and, if thought fit, pass the following as an ordinary resolution: “That Shaun Gregory, who was appointed by the board as an additional director pursuant to rule 6.1(d) of Beach’s constitution retires pursuant to rule 6.1(e) of the
Slide 30: Resolution 2(a): Proxy results
Resolution 2(a): Proxy results Election of Shaun Gregory as a director Total Valid For Against Open-Usable Abstain Available Votes 1,482,727,836 1,882,641 3,833,365 1,488,443,842 1,011,311 99.61% 0.13% 0.26% 100% 21
Slide 31: Resolution 2(b): Re-election of Sally-Anne Layman
Resolution 2(b) Re-election of Sally-Anne Layman as a director To consider and, if thought fit, pass the following as an ordinary resolution: “That Sally-Anne Layman, who retires by rotation pursuant to rule 6.1 of Beach’s constitution and, being eligible, offers herself for re-election, be re-elect
Slide 32: Resolution 2(b): Proxy results
Resolution 2(b): Proxy results Re-election of Sally-Anne Layman as a director Total Valid For Against Open-Usable Abstain Available Votes 1,440,150,466 44,517,901 3,829,200 1,488,497,567 957,586 96.75% 2.99% 0.26% 100% 23
Slide 33: Resolution 2(c): Re-election of Ryan Stokes AO
Resolution 2(c) Re-election of Ryan Stokes AO as a director To consider and, if thought fit, pass the following as an ordinary resolution: “That Ryan Stokes AO, who retires by rotation pursuant to rule 6.1 of Beach’s constitution and, being eligible, offers himself for re-election, be re-elected as
Slide 34: Resolution 2(c): Proxy results
Resolution 2(c): Proxy results Re-election of Ryan Stokes AO as a director Total Valid For Against Open-Usable Abstain Available Votes 1,389,202,370 94,706,006 4,276,763 1,488,185,139 1,270,014 93.35% 6.36% 0.29% 100% 25
Slide 35: Resolution 3: Performance rights to CEO (LTI)
Resolution 3 Approval of the issue of performance rights to the Managing Director and CEO, Brett Woods under the Beach 2025 Long Term Incentive Offer To consider and, if thought fit, pass the following as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.14, the Corporations Act
Slide 36: Resolution 3: Proxy results
Resolution 3: Proxy results Approval of the issue of performance rights to the Managing Director and CEO, Brett Woods under the Beach 2025 Long Term Incentive Offer Total Valid For Against Open-Usable Abstain Available Votes 1,477,447,803 7,483,893 4,093,630 1,489,025,326 429,827 99.23% 0.50% 0.27%
Slide 37: Resolution 4: Performance rights to CEO (STI)
Resolution 4 Approval of the issue of performance rights to the Managing Director and CEO, Brett Woods under the Beach FY25 Short Term Incentive Offer To consider and, if thought fit, pass the following as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.14, the Corporations Act
Slide 38: Resolution 4: Proxy results
Resolution 4: Proxy results Approval of the issue of performance rights to the Managing Director and CEO, Brett Woods under the Beach 2025 Short Term Incentive Offer Total Valid For Against Open-Usable Abstain Available Votes 1,475,275,830 9,209,533 4,075,329 1,488,560,692 594,461 99.11% 0.62% 0.27%
Slide 39: Resolution 5: Proportional takeover provisions
Resolution 5 Renewal of Proportional Takeover Provisions in the Constitution To consider and, if thought fit, pass the following as a special resolution: “That the proportional takeover provisions contained in rule 14 of Beach’s constitution be renewed for a further 3 years from the date of this Ann
Slide 40: Resolution 5: Proxy results
Resolution 5: Proxy results Renewal of Proportional Takeover Provisions in the Constitution Total Valid For Against Open-Usable Abstain Available Votes 1,480,669,113 2,825,096 4,031,627 1,487,525,836 1,929,317 99.54% 0.19% 0.27% 100% 31
Slide 41: Finalisation of Polls
2025 Annual General Meeting Finalisation of Polls
Slide 42: Beach Energy Limited contact details
BEACH ENERGY LIMITED Level 8, 80 Flinders Street Adelaide SA 5000 Australia T +61 8 8338 2833 F +61 8 8338 2336 beachenergy.com.au INVESTOR RELATIONS Derek Piper, General Manager Investor Relations & Treasury T +61 8 8338 2833