Beach Energy Limited · ASX:BPT

Beach Energy — 2018 Good Oil Conference

17 slides from Beach Energy's conference presentation, Sep 12, 2018

  1. Slide 1: ASX release: 2018 Good Oil Conference Presentation

    Beach Energy Limited ABN 20 007 617 969 25 Conyngham St, Glenside 5065, South Australia GPO Box 175, Adelaide 5001, South Australia T: +61 8 8338 2833 F: +61 8 8338 2336 beachenergy.com.au info@beachenergy.com.au ASX release 12 September 2018 Ref: #044/18 2018 Good Oil Conference Presentation For in

  2. Slide 2: 2018 Good Oil Conference

    BEACH ENERGY LIMITED 2018 Good Oil Conference 12 September 2018

  3. Slide 3: Compliance statements

    Compliance statements Disclaimer Reserves disclosure This presentation contains forward looking statements that are subject to risk factors associated with Beach prepares its petroleum reserves and contingent resources estimates in accordance with the oil, gas and related businesses. It is believed

  4. Slide 4: Beach Energy Market Details

    Beach Energy Market Details A true E&P Growth Story • Headquartered in Adelaide, Beach Energy Share Price Performance ($/share) • Listed on the Australian Securities Exchange $2.00 $1.83 under ticker “BPT” Completion of 7 September 2018 acquisition of Lattice Energy • Constituent of the S&P/ASX 200

  5. Slide 5: FY18 - A Transformational Year

    FY18 - A Transformational Year Transformational Lattice acquisition Excellent FY18 operational performance  Integration almost complete and done safely  96 wells drilled at a success rate of 82%  Synergy and efficiency target increased to $60 million p.a  Annual production of 19.0 MMboe, up 80%

  6. Slide 6: Health, Safety and the Environment

    Health, Safety and the Environment Strong safety and environmental performance a key priority Safety Performance1 Environmental Performance1 LTIFR2 Crude Spill Volumes (kl) Total Spills 6 19% 51.9 99% 67% 5.4 Reduction in 37 LTIFR2 since FY13 9.6 25 23 25 1.6 1.8 0.2 0.1 0 FY15 FY16 FY17 FY18 FY13 F

  7. Slide 7: Transformed Beach Energy portfolio

    Transformed Beach Energy portfolio Expanded footprint with five production hubs and significant gas processing infrastructure FY18 Pro Forma Production1 Bass Basin Cooper Basin Taranaki Basin 26.8 MMboe Otway Basin Perth Basin • Beach operates ~70% of production FY18 2P Reserves2 Bass Basin Cooper T

  8. Slide 8: FY19: Delivering on our strategic objectives

    FY19: Delivering on our strategic objectives To deliver sustainable growth in shareholder value  Achieve best in class HSE performance  Commence drilling Black Watch development well OPTIMISE  Participate in up to 87 wells in Cooper Basin JV GROW EAST  Prepare for Enterprise and Artisan explorat

  9. Slide 9: Victorian Assets

    Victorian Assets Key assets supplying Australian east coast domestic market FY19 Objectives  Maximise production at BassGas and Otway Gas Project  Re-initiating development and exploration activity in the Otway Basin  Potential sale of ~30% interest in Victorian Otway permits FY19 Activities  Dr

  10. Slide 10: Cooper Basin JV

    Cooper Basin JV Increased drilling activity to target reserves, production growth FY19 Objectives  Gas production – target increased production rates  Oil production – increase oil production via development drilling and evaluate new horizontal drilling opportunities FY19 Activities  Participatio

  11. Slide 11: Western Flank Oil and Gas

    Western Flank Oil and Gas Core asset with significant contribution to revenue FY19 Objectives  Continuous focus on drilling efficiency  Test lateral extent of Bauer field  Expand use of horizontal drilling FY19 Activities  Participation in up to 43 wells (8 gas, 35 oil), a 65% increase on FY18 

  12. Slide 12: Perth Basin

    Perth Basin Building foundations for a material west coast gas business FY19 objectives and activities  Waitsia is a high quality, low cost gas resource, and is economic at current market prices  Multiple commercialisation options being evaluated with operator Mitsui, making good progress  Focus

  13. Slide 13: New Zealand

    New Zealand High performing asset with additional development opportunity FY19 objectives  Maximise production, specifically liquids  Reduce direct operating costs  Optimise free cash flow FY19 Key activities  FEED entry on Kupe Compression Project  Evaluate further infill drilling / appraisal

  14. Slide 14: South Australian Otway Basin

    South Australian Otway Basin Haselgrove appraisal and Dombey-1 exploration drilling in FY19 FY19 Activities  Drill Haselgrove-4 to appraise the Haselgrove Field  Drill exploration well Dombey-1 (Beach 70% and operator)  Sanction Haselgrove development project in FY19 with first gas targeted for F

  15. Slide 15: Frontier Exploration

    Frontier Exploration High impact exploration targets in portfolio Bonaparte Basin  Acreage position in two distinct play fairways  Key Prospects: WA-454-P / Breakwater and Regatta North NT/P84 / Gulpener and Corona NT/P85 / Ines  Continue evaluation in FY19 Canterbury Basin  Key Prospects: PEP 5

  16. Slide 16: Ready to accelerate organic growth

    Ready to accelerate organic growth Financial position Net debt well ahead of initial target Opportunity Set Portfolio of highly accretive organic growth opportunities Investment growth Disciplined acceleration in discretionary growth ($460 – 540 million) Production growth Investment to drive medium

  17. Slide 17: 2018 Good Oil Conference – Investor Relations

    2018 Good Oil Conference Beach Energy Limited Investor Relations 25 Conyngham Street Nik Burns, Investor Relations Manager Glenside SA 5065 Australia Mark Hollis, Investor Relations Advisor T: +61 8 8338 2833 T: +61 8 8338 2833 F: +61 8 8338 2336 beachenergy.com.au

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