Dana Gas PJSC · ADX:DANA

Dana Gas PJSC — Q3 2018 Earnings Presentation

18 slides from Dana Gas PJSC's earnings presentation, Nov 14, 2018

  1. Slide 1: Clean Energy for the Future: Q3 2018 Financial Results

    Clean Energy for the Future Q3 2018 –Financial Results 14 November 2018 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections abo

  3. Slide 3: Contents

    Contents 1 Headlines 2 Operational Update 3 Financial Update 4 Summary 3

  4. Slide 4: 1. Headlines

    1. Headlines 4

  5. Slide 5: Highlights

    Highlights Financials Operations  Revenue - $351mm 9M; up 6% due to higher realized  Group production averaged 62,250 boepd in 9M 2018 – down prices which, helped offset production decrease in Egypt 8%  Gross Profit - $113mm 9M; up 31% driven by improved  Decrease primarily result of natural fie

  6. Slide 6: 2. Operation Update

    2. Operation Update 6

  7. Slide 7: Average Production & Average Realized Prices

    Average Production & Average Realized Prices Production (boepd) 9M 2018 Vs 9M 2017 Production (boepd) Q3 2018 Vs Q3 2017 67,600 67,600 62,250 59,350 Q3 2017 9M 2017 Q3 2018 9M 2018 40,300 39,600 32,250 34,500 25,000 25,100 25,600 25,800 1,550 1,200 750 800 1,700 1,250 700 700 Group Egypt KRI UAE EBG

  8. Slide 8: Egypt: Programme Overview

    Egypt: Programme Overview El Wastani Nile Delta Concessions South Abu Balsam-8 spudded 11 Aug; completed El Naga • ahead of schedule and below budget • Producing 5,300 boepd (25 MMscf/d and 1,100 bbl/d) Block 6 Block 6 • On track to drill first exploration well in early 2019 • Various companies expr

  9. Slide 9: KRI: Expansion plans underway

    KRI: Expansion plans underway Ambitious programme to increase production from 300 to 900 MMscf/d by 2022 Debottlenecking of existing plant complete  10-year GSA signed, sell additional quantities of gas  Increase production by 60 to 80 MMscf/d  Expect to add up to $50 million annually to the Comp

  10. Slide 10: UAE

    UAE  Producing gas since February 2016  9M 2018 production average 1,250 boepd  Any final decision on future expenditure to assess the economic viability of the project will be subject to the outcome of negotiations on sales gas price, which are currently ongoing. 10

  11. Slide 11: Arbitration & Sukuk Update

    Arbitration & Sukuk Update MOL arbitration  hearing is scheduled to start on 26 November 2018 in London for up to 3 weeks. UAE Gas Project  Final hearing of the remedies phase against NIOC for non-performance of the contract (including claims for damages and indemnities for third party claims up t

  12. Slide 12: 3. Financial Update

    3. Financial Update 12

  13. Slide 13: Financial Highlights

    Financial Highlights Gross Revenue (million USD) EBITDA (million USD) 400 300 275 2017 2018 351 2017 2018 350 330 250 300 200 178 250 153 200 150 150 108 115 100 100 56 50 50 0 0 9M Q3 9M Q3 Gross Profit (million USD) Net Profit (million USD)* 125 113 150 2017 2018 2017 2018 125 125 100 86 102 100 7

  14. Slide 14: CAPEX & OPEX

    CAPEX & OPEX G&A / OPEX (million USD) CAPEX (million USD) G&A OPEX 56 234 52 52 40 40 38 122 109 23 63 15 47 13 10 11 12 28 2015 2016 2017 9M 2016 9M 2017 9M 2018 2015 2016 2017 9M 2016 9M 2017 9M 2018 G&A / OPEX CAPEX  OPEX and G&A maintained at similar level vs 9M ‘17  $36 million in Egypt and $

  15. Slide 15: Cash Flow, Liquidity & Receivables

    Cash Flow, Liquidity & Receivables  Cash of $434m Free Cash Flow (million USD)  Positive FCF - $166 million  Full payment of Egypt financial lease loans of 465 413 450 $21.4m  $235m payment attributed to Sukuk restructuring 203 212 166  $100m (nominal value) of Sukuk buy back 200 181 subsequent

  16. Slide 16: 4. Summary

    4. Summary

  17. Slide 17: Summary

    Summary Completed our sukuk restructuring, reaching a consensual deal with our Sukukholders with 95% staying in our new sukuk. We have perfected all of the 1 documentation and executed a $100 million (nominal) buyback in accordance with the terms of the Sukuk restructuring settlement agreement. Deli

  18. Slide 18: Reach Us: Dana Gas PJSC

    Reach Us: Dana Gas PJSC P. O. Box 2011, Sharjah, UAE www.danagas.com E-mail : mohammed.mubaideen@danagas.com Direct : +971 6 519 4401

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