Ann: Beach Energy FY19 Results Presentation, page-3

Few interesting figures collected :

according to the last Appendix 3B. from 12 July 2019 BPT has 2,278,928,328 Ordinary shares or 2.28 Billion shares x Aud 1.95 = 4.446B
Market cap with 172 m in cash and no debt = EV 4.274B divide it by 560m profit achieved. will get you a PE of 7.6

Add to the mix the following forward-looking progress

✓ 194 wells targeted with focus on Cooper Basin and Otway Basin (+45% vs FY19)
✓ 90% of growth projects commencing in FY20 deliver IRRs > 50%
✓ FY20 investment expenditure guidance $750 – $850 million

with the larger view of 5 years

✓ 5 year production target increased to 34 – 40 MMboe (Prior: 30 – 36 MMboe)
✓ 5 year free cash flow target increased to $2.7 billion, over $1 billion FCF in FY24
✓ Additional $1.5 billion of value accretive investment opportunities identified

This is a company on a march with serious Growth Ambitions and Great Execution, diverse in Energy mix with multiple assets and stability.

The 1c Div is nice, but the anticipated growth and the healthy yielding assets are the real deal for future Share Price rise.

IMO SP Can easily go AUD 2.50