Investor Presentaiton
Delivering on our promises
6
Beach said....
In FY19 Beach delivered...
FY19 production¹
26-28 MMboe
✓ 29.4 MMboe
FY19 capital expenditure1
$460 540 million
✓ $447 million
FY19 free cash flow²
~$290 million
✓ $559 million
FY19 underlying EBITDA2
$1.1 1.2 billion
✓ $1.375 billion
17-20%
✓ 27%
Return on capital employed (ROCE)
Five year average 2P reserves
replacement ratio
Lattice synergies
> 100%
Target of $60m p.a. by end of FY19
✓ 204%
Synergy target met
beach
Direct controllable operating costs
$30m p.a. reduction by end of FY20
✓ $21 million p.a. reduction by end of FY19
1. Beach initial FY19 guidance released in ASX Release #040/18 dated 20 August 2018 and is based on ownership of Victorian Otway assets at 100% for entire FY19. Beach reported 100% of Victorian Otway for 11 months, 60% for one month.
2. Beach initial FY19 EBITDA guidance and free cash flow outlook released in ASX Release #045/18 dated 27 September, "2018 Investor Briefing".View entire presentation