Beach Energy Ltd FY25 Results Presentation

• Clear strategy to grow local gas supply for domestic markets
• Demonstrating operational and HSE excellence across operated assets
• Disciplined gas marketing strategy driving improved margins

Beach Energy Ltd's FY25 results presentation highlights the company's strategic progress and financial strength. The company has implemented an asset-based organizational structure, achieved a low free cash flow breakeven oil price, and delivered significant cost and capital reductions. This has enabled Beach to increase its pre-growth free cash flow by over 4 times and pay a record fully franked final dividend. The company's disciplined gas marketing strategy has driven improved margins, with around 30% of FY26 East Coast gas volumes available for spot or short-term sales. Beach has also demonstrated operational and HSE excellence, achieving its best safety and environmental performance in 14 years. The company's Moomba carbon capture and storage project has received international acclaim, and Beach is on track to achieve a 35% emissions intensity reduction by 2030. With a strengthened financial position, Beach is well-positioned to pursue organic and opportunistic growth opportunities to become Australia's leading domestic energy company.

Beach Energy has provided the following forward-looking financial guidance: Brent oil price of US$65.0 per barrel for FY26, US$67.5 per barrel for FY27, and US$70.5 per barrel for FY28; AUD/USD exchange rate of 0.65 for FY26 and FY27, and 0.66 for FY28.