Amplitude Energy Limited · ASX:AEL
Amplitude Energy — Investor Presentation (December 2024)
14 slides from Amplitude Energy's investor presentation, Dec 10, 2024
Slide 1: Investor presentation December 2024
For personal use only Investor presentation December 2024
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: A domestic gas producer supplying southeastern states
A domestic gas producer supplying southeastern states Gippsland Basin, PJe1 Offshore Gippsland Basin 2P • Gas and gas liquids production from the Sole field 2C • Manta and Gummy gas and gas liquids resource and For personal use only multiple gas exploration prospects 178 • 100% Amplitude Energy inte
Slide 4: Gas meets 27% of Australia's energy demand
Gas meets 27% of Australia’s energy demand “We cannot turn off Australia’s gas without significant adverse impacts on Australians and our region.” Future Gas Strategy, Department of Infrastructure, Science and Resources, May 2024 Gas demand in Southern States1, 2023 For personal use only Power gener
Slide 5: Gas plays a critical role in the future electricity market
Gas plays a critical role in the future electricity market “Without GPG, the electricity grid would be unable to cope with peak electricity demand.” Future Gas Strategy, Department of Infrastructure, Science and Resources, May 2024 For personal use only South Australian electricity supply by type (~
Slide 6: Urgent demand for new domestic gas supply
Urgent demand for new domestic gas supply Risk of supply shortfalls during peak winter demand periods from 2025, and larger seasonal shortfalls from 2026 onwards Southern States AEMO domestic demand forecast, PJ p.a.1 Southern States AEMO supply forecast, PJ p.a.2 For personal use only Industrial Re
Slide 7: Domestic gas is the cheapest & lowest emissions option
Domestic gas is the cheapest & lowest emissions option LNG imports to Victoria would be ~2x more expensive and ~2-6x more emissions intensive than Amplitude Energy’s domestic gas East Coast contracted gas prices, A$/GJ Emissions intensity of producing LNG vs. domestic gas, kgCO2-e/GJ4 For personal u
Slide 8: Building a track record of performance
Building a track record of performance Delivering production growth and cost reductions to drive earnings and cash generation Production, TJe/d Production expenses, $mm \ $ per GJ produced For personal use only 100 5.00 62.1 90 4.50 80.4 59.8 80 4.00 70 3.97/GJ 61.1 59.2 3.50 60 55.5 3.00 50 40 2.80
Slide 9: Orbost performance improvement
Orbost performance improvement New production records set at Orbost with the plant recently operating near nameplate capacity Orbost Gas Processing Plant (OGPP) average processing rate, TJ/d For personal use only Recent production records due to sulphur processing improvements and better overall p
Slide 10: FY25 guidance
FY25 guidance Focus on higher gas production driving cost efficiencies, cash generation and deleveraging, ahead of ECSP FY25 production: Upgraded to 65 – 72 TJe/day FY25 production expenses: $55 – 63mm1 FY25 capex: $50 – 60mm2 For personal use only 72 63 Stay-in- business CHN umbilical maintenance 6
Slide 11: Increasing exposure to spot and current market prices
Increasing exposure to spot and current market prices Indicative uncontracted volumes assuming Group average production of 70 TJe/day (equity gas) Gas contract stack, existing reserves only1 For personal use only PJ/annum Excludes any volumes from East Coast ~TJe/d 30 1Q FY25 production: Supply Proj
Slide 12: Shaping gas supply to create premium products for customers
Shaping gas supply to create premium products for customers Strategic infrastructure and market position provides potential for Amplitude Energy to maximise the value of our gas through the energy transition Agreement to supply Bairnsdale peaker with as-available gas Potential restart and repurpose
Slide 13: East coast supply project targeting first gas in 2028
East coast supply project targeting first gas in 2028 Unlocking gas resources in established basins to backfill existing infrastructure For personal use only Rig campaign scheduled from H2 2025 First gas 2028 >350 Bcf1 gross unrisked Strong gas resource customer support potential Strong customer Exc
Slide 14: Positive outlook
Positive outlook Amplitude Energy has numerous value catalysts over the near, medium and long-term Expected event Expected timing For personal use only Amended/enlarged debt facility and maturity extension December 2024 Continuation of improved OGPP production levels Remainder of FY25 Higher realise
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