Horizon Oil (HZN) investor relations material

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners, confirmation of quorum, and compliance statement noting all financials are in US dollars unless otherwise stated.

• Safety procedures for the venue were outlined.

• Directors, executive team, and auditor representatives were introduced.

• CEO welcomed attendees, outlined the expanded asset base, and previewed a review of performance, progress, and outlook.

• Meeting agenda included CEO presentation, Q&A, and formal business with resolutions.

Financial performance review

• FY25 EBITDA was just under $56 million, with EBITDAX at US $54.8 million, operating cash flow of US $35.9 million, and net cash of US $13.7 million at year end.

• Dividend of AUD 0.03 per share paid, totaling $31.8 million for the year.

• Total distributions to shareholders over five years reached US $150 million, with a consistent 15%+ yield.

• Share price and total returns outperformed the ASX 200 and most oil and gas peers over the past five years.

• Strong balance sheet maintained, supporting both shareholder returns and investment in growth.

Board and executive committee updates

• Board renewal included retirement of Mike Harding and Sandra Berkensley, and appointment of Peter Goode and Catherine Costello as non-executive directors.

• Catherine Costello introduced as new Non-Executive Director, bringing extensive resources and governance experience, and will chair the Audit Committee and join the Risk Committee.

• Acknowledgement of leadership contributions from outgoing directors and recognition of management's role in recent achievements.