Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Investor Presentation (August 2025)
33 slides from Dana Gas Pjsc's investor presentation, August 2025
Slide 1: Cleaner Energy for the Future
Corporate Presentation Cleaner Energy for the Future August 2025
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Dana Gas At a Glance Page 6 3. Why Invest in Dana Gas Page 9 4. Operational Performance Page 11 5. Sustainability Page 21 6. Financial Performance Page 24 7. In Closing Page 33 2
Slide 3: 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
Slide 4: 1. Performance Snapshot
CLEANER ENERGY FOR THE FUTURE 1. Performance Snapshot 4
Slide 5: Latest Earnings Update – H1 2025
Latest Earnings Update – H1 2025 Operations Liquidity Group operations remained stable $160m Chemchemal investment Cash balance: $174mm, incl. Receivables (Dana Gas share): and uninterrupted in H1 2025 programme underway $147mm at Pearl JV • KRI: $71mm Khor Mor field surpassed 500 million Average gr
Slide 6: 2. Dana Gas At a Glance
CLEANER ENERGY FOR THE FUTURE 2. Dana Gas At a Glance 6
Slide 7: Dana Gas At a Glance
Dana Gas At a Glance A growth-focused regional gas company listed on the Abu Dhabi Securities Exchange What We Do Where We Operate By the Numbers* Produce and deliver domestic Market Cap Net production gas, condensate and LPG to the KRI and Egypt, supplying critical TURKEY Kurdistan Region of Iraq (
Slide 8: Group Structure
Group Structure Strategic partnerships anchored in Pearl Petroleum Dana Gas PJSC Pearl Petroleum, formed in 2009 by Crescent Petroleum and Dana Gas, is a five-shareholder partnership, including four listed entities across Europe and the Middle East. 100% 100% Established in 2009 by Crescent Petroleu
Slide 9: 3. Why Invest in Dana Gas
CLEANER ENERGY FOR THE FUTURE 3. Why Invest in Dana Gas 9
Slide 10: Why Invest in Dana Gas
Why Invest in Dana Gas Strong cash flow generation, dividend distribution and substantial organic growth potential 2P gas reserves of over 1 billion boe net to Dana Gas World-class gas reserves; 1 Huge production growth potential 50% production increase by the end of 2026 (gas sales to double) Signi
Slide 11: 4. Operational Performance
CLEANER ENERGY FOR THE FUTURE 4. Operational Performance 11
Slide 12: KRI: World Class Assets and Low-Cost Production
KRI: World Class Assets and Low-Cost Production Partnering to deliver energy security for the Kurdistan Region of Iraq Pearl Petroleum holds 100% WI in the PDA covering Khor Mor, Chemchemal, and exploration Blocks 19 & 20 Kor Mor is producing; Chemchemal is in appraisal and early development phase K
Slide 13: Years of Reliable Production; Significant Growth to Come
15 Years of Reliable Production; Significant Growth to Come Dana Gas is expecting a substantial increase in production with KM250 onstream: with monetized gas production set to almost double from 2026 onwards. KM250 to increase production capacity by c. 50% (2026 onwards) 1000 900 Second bypass Firs
Slide 14: Kurdistan Region of Iraq (KRI)
Kurdistan Region of Iraq (KRI) Strong H1 production performance; KM250 advancing under hands-on approach Operations Development Projects H1 2025 production: 38,550 boepd (175 MMscf gas; 5,050 bbl/d condensate; 357 MTPD KM250 progressing well under a proactive, hands-on delivery model LPG) – up 3% Yo
Slide 15: KM250: Unlocking the Next Phase of Production Growth
KM250: Unlocking the Next Phase of Production Growth Project to add 50% to processing capacity by Q1 2026 Delivering Step-Change in Capacity and Cash Flow Project progressing on an accelerated timeline; first gas expected Q4 2025/Q1 2026 Adds 250 MMscf/d processing capacity, increasing Pearl output
Slide 16: Chemchemal: High-Impact Growth Beyond KM250
Chemchemal: High-Impact Growth Beyond KM250 Appraisal and development underway for Pearl’s second gas field in the KRI. Chemchemal is one of Iraq’s largest undeveloped gas fields. Chemchemal EWT Project Highlights Reserves Overall Field Layout Stage: Estimated total volume initially FID approved, ea
Slide 17: Egypt: Trusted Deliverer
Egypt: Trusted Deliverer 17+ years of reliable gas supply, contributing to Egypt’s energy security and domestic market stability Egypt Offers Diversified Production and Cash Flow Dana Gas Egypt (DGE) has been operating in Egypt since 2007; currently the 7th largest gas producer in the country Curren
Slide 18: Egypt: Unlocking Value Through Focused Reinvestment
Egypt: Unlocking Value Through Focused Reinvestment Two-year investment programme to boost output and value advancing $100 million, two-year programme launched following signing of Historical Production Profile kboe/d Consolidated Concession Agreement end of 2024 • Programme aims to drill 11 wells a
Slide 19: UAE Gas Project – Material Monetization Opportunity
UAE Gas Project – Material Monetization Opportunity Arbitration process underway with confirmed first arbitration award of $607 million and significant additional claim in progress The UAE Gas Project involves the purchase of 600 MMscf/d imported gas sourced from the National Iranian Oil Company (NI
Slide 20: 5. Sustainability
CLEANER ENERGY FOR THE FUTURE 5. Sustainability 20
Slide 21: Delivering Measurable Sustainability Impact Across Our Operations
Delivering Measurable Sustainability Impact Across Our Operations Dana Gas operates with As the main domestic gas We are committed to safe, We have reduced a top quartile carbon intensity supplier in the KRI and a responsible operations, GHG emissions by 59% over profile, recording 5.39 kg CO₂ long-
Slide 22: Delivering Measurable Sustainability Impact (contd.)
Delivering Measurable Sustainability Impact Across Our Operations (contd.) 2024 sustainability performance highlights Performing Responsibly Safeguarding Our Workforce and Assets Contributing to In-Country Value Significant spills over Voluntarily offset CO2e Lost-Time Incident free at Safety observ
Slide 23: 6. Financial Performance
CLEANER ENERGY FOR THE FUTURE 6. Financial Performance 23
Slide 24: Production Highlights
Production Highlights Production continues on upward trajectory in KRI – KM250 will deliver substantial production increase from 2026. Egypt volumes impacted by natural field declines ahead of new investment cycle which is expected to support recovery Historical Annual Production kboe/d Average Prod
Slide 25: Realized Prices
Realized Prices Softer Brent-linked prices YoY in H1 2025; uplift from new Egypt gas pricing and stable LPG helped protect margins Average Realized Price – Condensate $/bbl Average Realized Price – LPG $/boe 84 85 84 85 79 77 72 72 68 68 65 61 52 45 45 45 43 45 41 38 34 35 34 32 33 33 33 32 29 28 29
Slide 26: Revenue Highlights
Revenue Highlights H1 2025 revenue impacted by lower Egypt volumes and softer prices; uplift from Egypt gas pricing and higher volumes in the KRI partially offset revenue decline Historical Annual Revenue $mm Quarterly Revenue Breakdown $mm Gas Condensate 525 188 LPG 169 Total 448 36 441 419 32 255
Slide 27: Profit Highlights
Profit Highlights 1% increase mainly driven by stronger pricing in Egypt (+$9mm), higher quantities in the KRI(+3mm), lower DDA charges(-$6mm) and reduced finance (-$4mm) vs lower quantities in Egypt (-$27mm), higher operating costs (+3mm) and lower realized prices in the KRI (-$4mm) Annual EBITDA $
Slide 28: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Capex increased with KM250 and Egypt drilling ramp-up; OPEX and G&A remain efficient and within top quartile at $3.75/boe Egypt operating costs rose by $1mm in H1 2025, primarily due to scheduled maintenance at the El Wastani plant in Q2, while the increase in KRI costs
Slide 29: Balance Sheet Evolution
Balance Sheet Evolution Low corporate leverage maintained over last decade; Pearl project debt supporting KM250 expansion – expected to enhance cash flow once online Continued improvement in balance sheet Dana Gas Borrowing Evolution $mm strength with minimal corporate debt 723 Dana Gas Corporate De
Slide 30: Receivables and Collections
Receivables and Collections Timely payments from partners remain key to sustaining investments and operational momentum Cash collections totalled $120mm in H1 2024 Full Year H1 2025 2025 KRI Egypt (68% Realization) Egypt (61% Realization) • 96% collection realisation in 95 28 (17) H1 2025 89 • Dana
Slide 31: 7. In Closing
CLEANER ENERGY FOR THE FUTURE 7. In Closing 31
Slide 32: Focused on Delivering Growth, Strengthening Cash Flow and Creating Shareholder Value
Focused on Delivering Growth, Strengthening Cash Flow and Continuing to Create Shareholder Value 2025-2026 Delivery Priorities Continue to Create Shareholder Value Deliver KM250 and Chemchemal projects to drive material Consistent delivery from world-class KRI asset base production growth and cash f
Slide 33: Contact Us
Contact Us Dana Gas PJSC P. O. Box 2011, Sharjah, UAE E-mail mohammed.mubaideen@danagas.com Direct +971 6 519 4401 www.danagas.com