Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Rottnest Island Investor Conference 2026
21 slides from Amplitude Energy's conference presentation, Mar 18, 2026
Slide 1: Rottnest Island Investor Conference
For personal use only Rottnest Island Investor Conference 18 March 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: Amplitude Energy overview
Amplitude Energy overview Amplitude Energy provides investors with a growing, pure-play exposure to Australia’s tight east coast domestic gas market Integrated operator across Gippsland & Otway Basins Amplitude Energy Investment Proposition For personal use only Gippsland Basin Pure-play exposure to
Slide 4: Amplitude Energy has built a track record of performance
Amplitude Energy has built a track record of performance 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 $1.79 59.8 55.5 FY22 FY23 FY24 FY
Slide 5: Further growth of Gippsland Basin production
Further growth of Gippsland Basin production New production records set at Orbost Gas Processing Plant (OGPP), with further increases to come from debottlenecking OGPP average processing rate, TJ/d Select OGPP operational KPIs For personal use only Number of absorber cleans1 Max absorber run length
Slide 6: Increasing exposure to higher gas prices
Increasing exposure to higher gas prices Legacy Sole gas contracts are rolling off, providing Amplitude Energy with exposure to much higher contract and spot gas sales Gas contract stack, existing reserves only1 For personal use only PJ/annum ~TJe/d 30 82 Assumes group sales volume of 75 TJe/d from
Slide 7: ECSP is a brownfield expansion unlocking value of existing infrastructure
ECSP is a brownfield expansion unlocking value of existing infrastructure Unlocking supply from the Offshore Otway Basin through highly-prospective gas fields and use of existing infrastructure ECSP activity and infrastructure overview For personal use only Taken together ECSP resources would extend
Slide 8: Isabella update
Isabella update Upcoming flow test at Isabella gas discovery to inform resource volume estimates Elanora-1 ST-1 For personal use only Isabella field being drilled as a planned sidetrack (“ST-1”) from the earlier Elanora-1 well ST-1 intersected gas in the primary Waarre C reservoir target on 1 Ma
Slide 9: Increased domestic gas supply crucial to Australia's energy future
Increased domestic gas supply crucial to Australia’s energy future Structural gas demand growth being driven by data centre (DC) roll-outs and coal-to-gas switching, in Australia and worldwide Forecast power gen. investment for DCs, US$bn1 Forecast Australian East Coast GPG3, PJ/year Opportunity to
Slide 10: 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 near complete, on schedule and budget budget to achieve FID Foundation GSA discussions on track OGPP production capacity increased to >70 TJ/day Maximise asse
Slide 11: Appendix A: Additional materials
For personal use only APPENDIX A Additional materials
Slide 12: 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 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 ~2-8x more emissions intensive than Amplitude Energy’s domestic gas Australian Southern States contracted gas prices, A$/GJ Emissions intensity of producing LNG vs. domestic gas, kgCO2-e/GJ3 Fo
Slide 14: Gas trading & marketing opportunities
Gas trading & marketing opportunities Spot sales, new contractual arrangements and other gas market opportunities are allowing Amplitude to generate additional value for its gas sales AEL realised gas prices, A$/GJ Spark spread contractual arrangement (illustrative) For personal use only 10.24 Contr
Slide 15: 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 current 3
Slide 16: 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 17: Appendix B: Further Financial Information
For personal use only APPENDIX B Further Financial Information
Slide 18: 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 unchanged unchanged FY26 capex guidance unchanged For personal use only Upgrade dri
Slide 19: Record H1 production & financial metrics
Record H1 production & financial metrics Higher production growth and gas price realisations driving earnings and cash generation $mm unless indicated H1 FY25 H1 FY26 Change Record production due to strong OGPP performance For personal use only Production, TJe/d 73.5 75.5 ▲ 3% — Tracking above gui
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 December 2025 For personal use only Senior, secured RBL — Facility limit of $480mm, fu
Slide 21: 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 I
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