Investor Presentaiton

Executive Summary beach ✓ Listed on the Australian securities exchange (code: BPT.AX) Company overview ✓ Market capitalization ~A$5.3 billion (~US$3.7 billion)1 ✓ Diversified portfolio of producing assets in 5 basins in Australia and New Zealand Footprint ✓ Oil and gas infrastructure ownership, operating 70% of group production in FY19 ✓ Largest Australian oil producer in FY192 Australian oil and gas producer ✓ Supplied an estimated 15% of Australian east coast domestic gas market in FY193 ✓ 326 MMboe 2P reserves at 30 June 2019, 2P reserves life 12.4 years4 Reserves position and outlook ✓ Targeting > 100% 2P reserves replacement average over next 5 years High margin investment ✓ ✓ Investment prioritized towards conventional oil, Australian east coast gas market Over 90% of growth investment commencing in FY20 generating IRRs > 50%5 ✓ Financial discipline Five year outlook 34-40 MMboe in FY24 ✓ Cumulative free cash flow: A$2.7 billion over next 5 years Strong balance sheet position. Debt-free with net cash of A$214 million at 30 Sep 2019 ✓ Target ~A$4 billion investment FY20 - FY24 to grow production and free cash flow ✓ Production: 5 12345 1. Market capitalization as at 22 October 2019 2. EnergyQuest September 2019 quarterly report 3. 4. Based on Beach actual FY19 production divided by estimated FY19 east coast domestic gas demand from the 2018 AEMO Gas Statement of Opportunities Refer to Compliance Statements slide for reserves disclosures 5. Internal rates of return are calculated based on internal assumptions. Refer to slide 2 for further detail regarding assumptions and disclaimer

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