Amplitude Energy Limited · ASX:AEL
Amplitude Energy — 2026 AEP conference
21 slides from Amplitude Energy's conference presentation, May 20, 2026
Slide 1: Amplitude Energy investor presentation May 2026
For personal use only Amplitude Energy investor presentation May 2026
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: Australian domestic gas producer with strong base and growth upside
Australian domestic gas producer with strong base and growth upside Amplitude Energy is a growing, pure-play exposure to Australia’s tight east coast domestic gas market Otway Basin Gippsland Basin For personal use only (AEL 50% Interest) S.A. (AEL 100% Interest) NSW Sydney Adelaide Orbost Gas Plant
Slide 4: Substantial new local supply required to meet Southern States' demand
Substantial new local supply required to meet Southern States’ demand Domestic gas is the cheapest and lowest emissions option to meet local demand Australian Southern States contracted gas prices, A$/GJ Australian Southern States supply and demand balance4, PJ For personal use only Low High JKM5 eq
Slide 5: Proven performance and cash generation, with further upside ahead
Proven performance and cash generation, with further upside ahead Increased production and operational leverage has generated substantial margin expansion Production, TJe/day Production expenses1, $ per GJ produced For personal use only 75.5 $3.97 73.0 $2.80 $2.60 $2.33 62.1 $1.79 59.8 55.5 FY22 FY2
Slide 6: Orbost production continues to increase
Orbost production continues to increase New production records set at Orbost Gas Processing Plant (OGPP), with potential for further increases from debottlenecking OGPP average processing rate, 90-day average1, TJ/day Select OGPP operational KPIs For personal use only Number of absorber cleans Max a
Slide 7: Exposure to higher gas contract prices
Exposure to higher gas contract prices Legacy Sole gas contracts are rolling off, providing Amplitude Energy with the opportunity to recontract gas into higher term prices Gas contract stack, existing reserves only1 For personal use only PJ/annum ~TJe/d 30 82 Assumes group sales volume of 75 TJe/d f
Slide 8: Transformative near-term brownfield growth
Transformative near-term brownfield growth Backfilling existing infrastructure can deliver growth in equity production of around 50%+ by 20281 Current Illustrative 2028 potential For personal use only ~75 TJ/day2 ~110+ TJ/day3 ~80 75 75 + Patricia Baleen restart 68 + Sole debottlenecking Available f
Slide 9: ECSP on track for first gas in 2028
ECSP on track for first gas in 2028 Focused on new supply from the Offshore Otway Basin through existing infrastructure ECSP activity and infrastructure overview For personal use only Backed by Annie discovery, 65 PJ gross 2C1; production license expected imminently Upsized by testing the highly-p
Slide 10: Annie discovery provides the base resource for ECSP
Annie discovery provides the base resource for ECSP 65 PJ gross (32 PJ net to AEL) 2C discovered gas resource, 10km from existing pipeline tie-in point Annie-2 Annie-1 A B Waarre C For personal use only Amplitude Annie-1 (2019) discovered a 70 metre thick, High high-quality gas-bearing Waarre C re
Slide 11: Juliet is an attractive exploration prospect
Juliet is an attractive exploration prospect All geophysical elements indicate a gas-bearing reservoir with simple geometry Strong geophysical response Conformable amplitude shut-off at top Waarre C reservoir A B For personal use only Belfast Mudstone 2100m Clear flat spot at 2,300m TVDSS, imply
Slide 12: Further growth to unlock the potential of existing assets
Further growth to unlock the potential of existing assets Maximising value by utilising Amplitude Energy’s existing installed infrastructure Otway Basin Gippsland Basin Progressing Patricia Baleen options For personal use only Backfilling AGP Increasing OGPP production Average production 66.3 61.5 6
Slide 13: FY26 business priorities being delivered
FY26 business priorities being delivered Development FEED complete For personal use only Progress the ECSP on schedule and First well complete, project on schedule and budget budget Positive gas contracting outcomes OGPP production capacity increased to >70 TJ/day Maximise asset utilisation AGP reli
Slide 14: Appendix A: Additional materials
For personal use only APPENDIX A Additional materials
Slide 15: Increasing role of gas in the electricity market
Increasing role of gas in the electricity market Gas is already proving its critical role in firming the national electricity grid; its role will become more important as coal retires. NEM electricity supply1 by type (average ~45% renewables in CY2025), MW For personal use only Coal Gas Battery (Dis
Slide 16: Otway & Cooper Basins
Otway & Cooper Basins Development work expected to result in production recovering in H2 from H1 FY26 Otway & Cooper Basin production, TJe/d1 Otway Basin \ Athena Gas Plant (AGP) For personal use only — Excellent AGP reliability performance over 1H FY26 — Natural decline as expected with 3-well CH
Slide 17: Progressing Patricia Baleen restart in Gippsland Basin
Progressing Patricia Baleen restart in Gippsland Basin The Patricia Baleen restart project is a unique low-cost opportunity to unlock supply flexibility for the east coast market while adding value to Amplitude Energy’s existing portfolio Gippsland Basin infrastructure overview Low-risk brownfield i
Slide 18: Appendix B: Further Financial Information
For personal use only APPENDIX B Further Financial Information
Slide 19: FY26 guidance: production guidance increased
FY26 guidance: production guidance increased Higher gas production is driving cost efficiencies, greater cash generation and earnings, ahead of ECSP FY26 production: Increased to 73 – 77 TJe/d FY26 expense guidance FY26 capex guidance For personal use only Upgrade driven by higher OGPP production
Slide 20: Significant capacity within debt facilities
Significant capacity within debt facilities Reserve-based loan (RBL) provides financing flexibility and liquidity as the company enters its next leg of growth Bank facilities overview Liquidity overview as at 31 March 2026 For personal use only Senior, secured RBL — Facility limit of $480mm, fully
Slide 21: Select Otway Basin exploration opportunities
Select Otway Basin 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