Dana Gas Pjsc · ADX:DANA

Dana Gas Pjsc — Q3 2010 Earnings Presentation

17 slides from Dana Gas Pjsc's earnings presentation, Nov 10, 2010

  1. Slide 1: Third Quarter 2010 Results Presentation

    The Middle East’s Leading Private Sector Natural Gas Company Third Quarter 2010 Results Presentation – 10th November 2010 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking Forward-looking statements are based on certain statements which may be identified by their use of assumptions and expectations of future events. The words like “plans,” “expects,” “will,” “anticipates,” Company, its subsidiaries and its affiliat

  3. Slide 3: Today's Speakers

    Today’s Speakers Ahmed Al Arbeed Donald Dorn-Lopez Azfar Aboobakar Chief Executive Officer Technical Director Group Financial Controller 3

  4. Slide 4: Presentation Outline

    Presentation Outline – Second Quarter 2010 CEO Overview Technical Director Egypt Year to Date Drilling Results Production CFO Financial Results - Average Realized Prices - “Underlying” Profit after Tax “Bridge” - Capital Expenditure - Cash Flow - Trade Receivables Analysis - Key Financial Metrics Q

  5. Slide 5: CEO Overview – Third Quarter Highlights

    CEO Overview – Third Quarter Highlights  Third Quarter Production:  Increase of 24% compared to Third Quarter 2009  On course to beat our target of 20% growth in production in 2010 compared to 2009  Increases reflect continuing progress in both Egypt and Kurdistan  Third Quarter Profit After Ta

  6. Slide 6: Egypt: Year to Date 2010 Results

    Egypt: Year to Date 2010 Results El Wastani Plant 2010 RESULTS & PLANS 2010 discoveries: El Panseiya S Faraskur Ward Delta South Abu El Naga East West Ward Delta Nile Salma Delta North Plant and 2 dry holes 2010 new fields on stream Sama Orchid Faraskur Sharabas Current prod rate 45kboepd S El Manza

  7. Slide 7: Kurdistan Region of Iraq: Year to Date 2010 Results

    Kurdistan Region of Iraq: Year to Date 2010 Results Pearl Petroleum Company Ltd ownership:  Dana Gas 40% 2010 RESULTS & PLANS  Crescent Petroleum 40%  OMV 10%  MOL 10% Production via Early Production Facility LPG Train 1 Gas production 180 - 200MMscfpd plus 9000bpd condensate (gross) Currently m

  8. Slide 8: Production – Third Quarter Versus Third Quarter 2009

    Production – Third Quarter Versus Third Quarter 2009 Rounded to nearest hundred Production (Boepd) 60,000 55,550 50,000 44,900 42,150 40,000 37,100 30,000 20,000 13,400 10,000 7,800 0 Total Egypt Nile Delta(100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production of 10,500 Boepd –

  9. Slide 9: Production – Third Quarter Versus Second Quarter 2010

    Production – Third Quarter Versus Second Quarter 2010 Rounded to nearest hundred Production (Boepd) 60,000 55,550 53,400 50,000 41,700 42,150 40,000 30,000 20,000 11,700 13,400 10,000 0 Total Egypt Nile Delta (100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production of 10,100 Boepd

  10. Slide 10: Production Forecast – Fourth Quarter 2010

    Production Forecast – Fourth Quarter 2010 Production (Boepd) Rounded to nearest hundred 70,000 59,700 60,000 53,400 55,550 50,000 50,000 46,000 42,150 39,200 41,700 40,000 30,000 20,000 13,400 13,700 10,800 11,700 10,000 0 Total Egypt Nile Delta(100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Inc

  11. Slide 11: Average Prices - Third Quarter Versus Third Quarter 2009

    Average Prices - Third Quarter Versus Third Quarter 2009 80 75 3.0 71 2.7 2.7 68 70 63 60 54 2.0 50 44 40 30 1.0 20 10 0 0.0 Condensate LPG Crude Oil Gas (USD/Mscf) (USD/boe) (USD/boe) (USD/bbl) Q3 -2009 Q3 - 2010 11

  12. Slide 12: Average Prices - Third Quarter Versus Second Quarter 2010

    Average Prices - Third Quarter Versus Second Quarter 2010 80 76 75 73 71 3.0 70 2.7 2.7 60 53 54 50 2.0 40 30 1.0 20 10 0 0.0 Condensate LPG Crude Oil Gas (USD/Mscf) (USD/boe) (USD/boe) (USD/bbl) Q2 -2010 Q3 2010 12

  13. Slide 13: Profit After Tax Bridge – Third Quarter Versus Third Quarter 2009

    Profit After Tax Bridge – Third Quarter Versus Third Quarter 2009 (US$ Million) 30 20 26 10 9 (6) (4) 0 9 1 -10 * 4 -20 (21) -30 Q3 2009 - Loss Increase in Increase in Lower Royalty & Lower Higher Increase in G&A / Q3 2010 - Profit Revenue - Price Revenue - Tax Exploration Depreciation Finance cost

  14. Slide 14: CAPEX - Third Quarter Versus Third Quarter 2009

    CAPEX - Third Quarter Versus Third Quarter 2009 US$ million 40 32 30 26 22 20 12 10 10 3 0 Dana Gas Egypt Kurdistan Others Q3 - 2009 Q3 - 2010 14

  15. Slide 15: Cash Flow – Third Quarter 2010

    Cash Flow – Third Quarter 2010 15

  16. Slide 16: Trade Receivables - Third Quarter Versus Second Quarter 2010

    Trade Receivables - Third Quarter Versus Second Quarter 2010 US$ m illion 200 177 164 150 100 50 0 Dana Gas Group Q2 2010 Q3 2010 Q2 2010 Q3 2010 3% 3% USD 5 Million USD 5 Million USD 76 Million 43% USD 79 Million USD 80 Million 49% USD 96 Million 48% 54% 16 Dana Gas Egypt Kurdistan Others Dana Gas

  17. Slide 17: Key Financial Metrics – Third Quarter 2010

    Key Financial Metrics – Third Quarter 2010  SALES REVENUES ( ): 13% increase is due to higher production in Egypt and Kurdistan, plus higher realized hydrocarbon prices compared to 3Q 2009.  GROSS PROFIT ( ): 26% increase reflects the higher sales revenue, partially offset by higher royalty charge

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