Beach Energy Limited · ASX:BPT
Beach Energy — Macquarie Conference 2026
23 slides from Beach Energy's conference presentation, May 6, 2026
Slide 1: Macquarie Conference
Macquarie Conference 6 May 2026 For personal use only May 26
Slide 2: 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 3: Strategy in focus
Strategy in focus Disciplined capital deployment to high-margin developments and offshore scale opportunities to maximise returns For personal use only SUSTAINABLE CORE HUBS HIGH MARGINS GROWTH Eastern Australia and Owners mindset Pivot to long-life, resilient assets Western Australia Onshore, low-c
Slide 4: Execution against the strategy
Execution against the strategy Through operational excellence and disciplined execution For personal use only Disciplined Privileged Operational Onshore Offshore capital assets excellence expansion discipline allocation ▪ Domestic Focus ▪ Low-cost operations ▪ Taroom Trough award ▪ Avoid high-cost ▪
Slide 5: An owner's mindset ingrained in our operations
An owner’s mindset ingrained in our operations Cost discipline and strategic commercial outcomes unlocking high margin upside For personal use only Operated unit production cost ($/boe) Disciplined domestic focused operator Realised Gas prices ($/GJ) 33% 32% 14.9 Fit for purpose organisational model
Slide 6: Privileged domestic assets and infrastructure
Privileged domestic assets and infrastructure Expanding core basins in key domestic hubs Cooper Basin For personal use only Cooper Basin JV Beach various interests (non-operated) 310 TJ/day Moomba Gas Plant Bowen Basin Taroom Trough 1.7 Mtpa CO2e injection capacity Beach 25% (non-operated) Western F
Slide 7: Delivering and investing in material East Coast gas supply
Delivering and investing in material East Coast gas supply Leveraging hydrocarbon assets to support future East Coast energy requirements For personal use only Gas Market Review Beach contribution East Coast gas outlook (PJ)1 New demand growth expected ▪ Beach supports a prospective ▪ >$2 billion of
Slide 8: Onshore
For personal use only Onshore
Slide 9: Onshore strategy
Onshore strategy Plays to Beach’s strengths in low-cost development, operatorship and gas commercialization For personal use only Operated Operating and Commercial Low-cost strength and positions in subsurface development portfolio fit scalable basins capability ▪ Deliver low all-in ▪ Build exposure
Slide 10: West Coast
10 West Coast Critical West Australian infrastructure Waitsia Gas Plant For personal use only • Waitsia Stage 2 successfully transitioned from project construction and commissioning activities to production operations • All four sales gas compressors now commissioned • Nameplate capacity (250 TJ/day
Slide 11: Western Flank
11 Western Flank Inventory refresh delivering quality drilling prospects Oil appraisal and development campaign For personal use only • 12-well campaign commenced December 2025 • Fit for purpose onshore rig, with 20% reduction in man-hours compared to prior campaigns • 100% success from six wells dr
Slide 12: Cooper Basin
12 Cooper Basin Simplifying existing infrastructure and extending asset life Moomba Central Optimisation For personal use only • Debottlenecks and enables improved production recovery through improved facility availability and reduced fuel consumption • Targeting material field operating and sustain
Slide 13: Expanding footprint through QLD
Expanding footprint through QLD Strongly aligned Government supporting exploration and production For personal use only Taroom Trough ▪ Award of ATP 2081 (formerly PLR2025-1-9) (~750 km2) ▪ Beach 25% (Omega Ltd 45% and operator, Tri-Star 30%) ▪ Oil and gas exploration acreage ▪ 2 well program in FY2
Slide 14: Taroom Trough
14 Taroom Trough Australia’s most exciting exploration and appraisal oil and gas province Acreage award marks Beach entry into this emerging basin For personal use only • Large new strategic source of domestic oil and gas supply potential within an established production province (supply lines and i
Slide 15: Offshore
For personal use only Offshore
Slide 16: Offshore strategy
Offshore strategy Selective growth with strict investment hurdles and a clear focus on capital discipline For personal use only Prioritise Maintain strict Otway Maximise value Disciplined capital nearshore of assets and large-scale allocation backfill infrastructure offshore growth discipline ▪ Focu
Slide 17: Victoria
17 Victoria Continued investment in East Coast gas supply Established infrastructure and operations For personal use only • Existing production from nearshore and offshore gas fields • Plant reliability >99% at operated sites Equinox Campaign • Equinox Phase 2 planned for H2 FY26 - Thylacine West 1
Slide 18: Prioritise Nearshore Otway
18 Prioritise Nearshore Otway Valuable, low-cost Otway Gas Plant backfill opportunity progressing to FID PEP168 Otway Gas Plant Key highlights For personal use only Enterprise Pipeline • Nearshore exploration project targeting offshore prospects drilled from the existing Enterprise well pad Enterpri
Slide 19: Summary
For personal use only Summary
Slide 20: Execution against the strategy
Execution against the strategy Through operational excellence and disciplined execution For personal use only Disciplined Privileged Operational Onshore Offshore capital assets excellence expansion discipline allocation ▪ Domestic Focus ▪ Low-cost operations ▪ Taroom Trough award ▪ Avoid high-cost ▪
Slide 21: Beach value proposition
Beach value proposition Expanding our domestic footprint through disciplined capital deployment Cooper Basin Cooper Basin JV ✓ Strong Balance Sheet For personal use only Beach various interests (non-operated) 310 TJ/day Moomba Gas Plant 1.7 Mtpa CO2e injection capacity Western Flank ✓ Disciplined ca
Slide 22: Guidance
Guidance As reported in the FY26 Third Quarter Activities Report1 For personal use only FY26 guidance Waitsia gas swap return schedule 8 Production 19.4 – 20.3 MMboe 7 6 Return volumes ((PJ) Capital expenditure $675 – 775 million 5 66% 63% 57% 4 31% Abandonment expenditure $200 – 250 million 3 Depre
Slide 23: 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 For personal use only beachenergy.com.au INVESTOR RELATIONS Adam Stokes, Acting Head of Investor Relations T +61 8 8338 2833