Beach Energy Limited · ASX:BPT
Beach Energy — Shareholder Meeting (November 2026)
38 slides from Beach Energy's shareholder meeting presentation, Nov 11, 2026
Slide 1: 2026 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 For personal use only 2026 AGM addresses and presentation Reference #057/26 Date 11 November 2026 The following is
Slide 2: Chairman's Address
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 For personal use only 2026 AGM Chairman and CEO addresses 11 November 2026 Chairman’s Address Slide 1 – 2026 Annual Gen
Slide 3: Chairman's Address (continued)
keeps the system reliable, by firming the increasing volume of renewables in our electricity grid. It is the ultimate form of stored energy to power our economy. The Government’s Future Made in Australia policy needs more than gas. It needs a domestic gas sector that keeps investing to bring new sup
Slide 4: Capital Management Framework address
And our share price. We believe it does not reflect the value or potential of Beach. Our focus is to address that through execution and results. Slide 6 – Capital Management Framework For personal use only How we allocate your capital is how you should judge us. The order is simple. First, we fund w
Slide 5: CEO's Address
The test for every energy policy decision should be simple. Does it deliver reliable, affordable energy for this generation and the next? Does it strengthen Australia’s economic security and prosperity? Does it allow those who put their capital at risk to earn an acceptable return? We need the right
Slide 6: CEO's Address: operations
In Western Australia, the Waitsia Gas Plant commenced production in December and achieved its nameplate capacity of 250 terajoules per day in April. We have worked closely with operator Mitsui to improve plant performance and following the first statutory shutdown in early October, the plant is now
Slide 7: CEO's Address: costs and pricing
Operated field costs have reduced by 18% on an absolute basis since FY24, falling to $244 million in FY26 despite the addition of Waitsia Gas Plant operations from December. Unit operated field costs were $11.40 per barrel of oil equivalent. This was slightly above our target, reflecting lower produ
Slide 8: CEO's Address: growth opportunities
In the deeper-water T/30P and T/50P permits, reprocessed 3D seismic and advanced geophysical work has identified a deep inventory of prospects and leads, several within potential tie-back distance of the Thylacine platform. We are high grading this material opportunity and progressing a partnership
Slide 9: 2026 Annual General Meeting
Beach Energy 2026 Annual General Meeting 11 November 2026 rsonal use only
Slide 10: 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 11: Chairman's Address
2026 Annual General Meeting Chairman’s Address rsonal use only
Slide 12: Beach Energy's role in Australia
Beach Energy’s role in Australia Supporting energy security: ~20% of East Coast domestic gas supply rsonal use only Carbon management: >2.3 million tonnes of CO2e captured and stored to date Generating employment: ~450 employees across Australia and New Zealand Community impact: >$4.4 million across
Slide 13: Strategy in focus
Strategy in focus Our ambition is to become Australia’s leading low-cost, returns-focused energy producer rsonal use only SUSTAINABLE CORE HUBS HIGH MARGINS GROWTH Eastern Australia and Owner’s mindset Pivot to long-life, resilient assets Western Australia Onshore, low-cost developments High margin
Slide 14: Capital Management Framework
Capital Management Framework Strengthening the Balance Sheet to deliver growth in reserves and returns in line with disciplined hurdle rates NET CASH FLOW FROM OPERATIONS rsonal use only Capital allocation criteria Sustaining Organic Inorganic Balance sheet strength Privileged assets capital growth
Slide 15: Getting the policy settings right
Getting the policy settings right Policy must support long-term reliable supply at affordable prices Gas Market Review Beach Actions / Response East Coast gas outlook (PJ)1 rsonal use only ▪ Beach supports a prospective ❑ Value protection and creation through 400 reservation to avoid forced strategi
Slide 16: CEO's Address
2026 Annual General Meeting CEO’s Address rsonal use only
Slide 17: FY26 headline results
FY26 headline results Continued performance across key metrics, strengthened liquidity to pursue growth rsonal use only PRODUCTION AVERAGE REALISED GAS PRICE 19.4 MMboe $11.5/GJ SALES VOLUMES TOTAL LIQUIDITY 22.9 MMboe $983 million SALES REVENUE PRE-GROWTH FREE CASH FLOW1 $1.8 billion $458 million U
Slide 18: FY26 milestones
FY26 milestones Operational excellence and disciplined execution against our strategic objectives rsonal use only ✓ Waitsia Gas Plant online, nameplate 250 TJ/day achieved ✓ Supplied 19% of total East Coast Domestic gas demand Core Hubs ✓ >18-months recordable injury free across all assets ✓ Moomba
Slide 19: Health, safety and environment
Health, safety and environment Achieving exceptional HSE outcomes Key highlights rsonal use only ▪ Outstanding HSE performance across all operations o 18-months recordable injury free across Beach operations by end-FY26, achieving record TRIFR1 of 0.0 o >1.5 million work hours safely executed o Safe
Slide 20: An owner's mindset ingrained in our operations
An owner’s mindset ingrained in our operations Cost discipline and commercial strategy unlocking increased margins Total field operating costs ($ millions) Disciplined domestic focused operator Average realised gas prices ($/GJ) rsonal use only 14% Free cash flow breakeven 29% 284 ✓ <US$30/bbl 253 1
Slide 21: Active work programs across core hubs
Active work programs across core hubs Sustaining strength of base business whilst pivoting towards growth rsonal use only Building the Privileged Pivoting towards the resource base infrastructure next phase of growth Multiple drilling campaigns planned Upgrading and simplifying infrastructure Organi
Slide 22: FY27 guidance
FY27 guidance Waitsia output to support step-up in production Production: 19.5 – 23.0 MMboe FY27 outlook Production Capital expenditure rsonal use only Continued drilling activities targeting Cooper Basin JV Targeting flat production ~70 wells; Moomba Central 8% 9% 9% Optimisation project activities
Slide 23: Beach value proposition
Beach value proposition Expanding our domestic footprint through disciplined capital deployment Cooper Basin Cooper Basin JV ✓ Strong Balance Sheet rsonal use only Beach various interests (non-operated) 310 TJ/day Moomba Gas Plant 1.7 Mtpa CO2e injection capacity Western Flank ✓ Disciplined capital
Slide 24: Resolutions for Voting
2026 Annual General Meeting Resolutions for Voting rsonal use only
Slide 25: Proxy voting
Proxy voting Vote totals based on the first resolution rsonal use only Valid proxy votes received 1,473,800,635 % of total votes 64.60% 17
Slide 26: Financial statements
Financial statements To receive and consider the financial statements and the reports of the rsonal use only directors and auditors for the financial year ended 30 June 2026. There is no requirement for shareholders to approve the financial statements and reports. 18
Slide 27: Adoption of Remuneration Report
Resolution 1 Adoption of Remuneration Report To consider and put to a vote the following as an ordinary resolution: rsonal use only “That, for the purposes of section 250R(2) of the Corporations Act, the remuneration report for the financial year ended 30 June 2026, as set out in Beach’s 2026 Annual
Slide 28: Resolution 1: Proxy results
Resolution 1: Proxy results Adoption of Remuneration Report rsonal use only Total Valid For Against Open-Usable Abstain Available Votes 1,446,103,378 24,780,309 2,916,948 1,473,800,635 777,423 98.12% 1.68% 0.20% 100% 20
Slide 29: Resolution 2(a): Re-election of Richard Richards
Resolution 2(a) Re-election of Richard Richards as a director To consider and, if thought fit, pass the following as an rsonal use only ordinary resolution: “That Richard Richards, who retires by rotation pursuant to rule 6.1 of Beach’s constitution and, being eligible, be re-elected as a director o
Slide 30: Resolution 2(a): Proxy results
Resolution 2(a): Proxy results Re-election of Richard Richards as a director rsonal use only Total Valid For Against Open-Usable Abstain Available Votes 1,396,410,504 74,940,104 3,094,976 1,474,445,584 738,683 94.71% 5.08% 0.21% 100% 22
Slide 31: Resolution 2(b): Re-election of Bruce Clement
Resolution 2(b) Re-election of Bruce Clement as a director To consider and, if thought fit, pass the following as an rsonal use only ordinary resolution: “That Bruce Clement, who retires by rotation pursuant to rule 6.1 of Beach’s constitution and, being eligible, be re- elected as a director of Bea
Slide 32: Resolution 2(b): Proxy results
Resolution 2(b): Proxy results Re-election of Bruce Clement as a director rsonal use only Total Valid For Against Open-Usable Abstain Available Votes 1,437,398,736 33,834,919 3,143,392 1,474,377,047 839,064 97.50% 2.29% 0.21% 100% 24
Slide 33: Performance rights to CEO: Long Term Incentive
Resolution 3 Approval of the issue of performance rights to the Managing Director and CEO, Brett Woods under the Beach 2026 Long Term Incentive Offer To consider and, if thought fit, pass the following as an ordinary rsonal use only resolution: “That for the purposes of ASX Listing Rule 10.14, the C
Slide 34: 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 2026 Long Term Incentive Offer rsonal use only Total Valid For Against Open-Usable Abstain Available Votes 1,460,901,981 9,062,058 3,852,431 1,473,816,470 761,588 99.
Slide 35: Performance rights to CEO: Short Term Incentive
Resolution 4 Approval of the issue of performance rights to the Managing Director and CEO, Brett Woods under the Beach FY26 Short Term Incentive Offer To consider and, if thought fit, pass the following as an ordinary rsonal use only resolution: “That for the purposes of ASX Listing Rule 10.14, the
Slide 36: 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 FY26 Short Term Incentive Offer rsonal use only Total Valid For Against Open-Usable Abstain Available Votes 1,443,387,435 26,410,757 3,836,036 1,473,634,228 943,828 9
Slide 37: Finalisation of Polls
2026 Annual General Meeting Finalisation of Polls rsonal use only
Slide 38: 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 rsonal use only beachenergy.com.au INVESTOR RELATIONS Dale Koenders, General Manager Investor Relations & Strategic Advisor to the CFO T +61 8 8338 2833