Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — H1 2021 Earnings Presentation
16 slides from Dana Gas Pjsc's earnings presentation, Aug 11, 2021
Slide 1: Clean Energy for the Future: H1 2021 Financial Results
Clean Energy for the Future H1 2021 –Financial Results 11 August 2021
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
Slide 3: Contents
Contents 1 Headlines 2 Production & Country Performance 3 Financial Update 4 Summary
Slide 4: 1. Headlines
1. Headlines —
Slide 5: Snapshot – H1 2021
Snapshot – H1 2021 Operations Financials Group operations continued un-interrupted Net Profit $139m versus $19m loss H120 H1 avg. production 64,000 boepd, similar to H120 Revenue of $216m – 19% higher (H120: $181m) • H1 KRI production up 8% to 34,300 boepd • Due to higher oil prices & improv
Slide 6: 3. Production & Country Performance
3. Production & Country Performance
Slide 7: Production (boepd) & Realized Prices (USD/boe)
Production (boepd) & Realized Prices ( USD/boe) Average production H1 2020 vs H1 2021 Average production Q2 2020 vs Q2 2021 H1 2020 62,800 63,200 Q2 2020 63,250 64,000 H1 2021 Q2 2021 33,400 31,200 29,200 31,000 34,300 30,950 31,700 29,150 600 600 600* 550 Group Egypt KRI EBGDCO Group Egypt KRI EBGD
Slide 8: Egypt: Programme Overview
Egypt: Programme Overview SPA with IPR Wastani - termination Agreed to sell onshore assets to IPR Wastani in Oct 2020 Board decision to terminate agreement in April 2021 in the best interest of the Dana Gas shareholders IPR initiated arbitration at LCIA, – Tribunal decision overwhelmingly in f
Slide 9: KRI: Energising the country
KRI: Energising the country Ambitious programme to increase daily production to 900 MMscf and 35,000 bbl Operations Operations continued as normal Health and safety measures in place; no COVID-19 cases reported Produced 34,300 boepd in H1 2021 (150 MMscf of gas; 5,325 bbl/d of condensate and 3
Slide 10: 2. Financial Update
2. Financial Update
Slide 11: Financial Highlights
Financial Highlights Gross Revenue ($mm) EBITDA ($mm) 250 216 2020 2021 2020 2021 200 200 181 150 110 110 100 77 100 77 60 50 25 0 0 H1 Q2 H1 Q2 Gross Profit ($mm) Net Profit ($mm) 100 91 2020 2021 2020 2021 150 139 80 115 60 46 61 39 40 50 36 18 20 6 H1 H1* Q2 -3Q2* 0 -19 H1 Q2 -50 -36 * Excluding
Slide 12: CAPEX & OPEX
CAPEX & OPEX G&A / OPEX ($mm) CAPEX ($mm) G&A OPEX 56 52 54 55 52 55 127 107 89 25 25 27 27 31 56 47 50 23 38 13 15 16 15 12 25 7 8 8 6 5 13 2015 2016 2017 2018 2019 2020 H1 H1 H1 H1 H1 2017 2018 2019 2020 H1 2017 H1 2018 H1 2019 H1 2020 H1 2021 2017 2018 2019 2020 2021 G&A / OPEX CAPEX Company co
Slide 13: Cash Flow, Liquidity & Receivables
Cash Flow, Liquidity & Receivables $125mm cash balance vs. $108mm FY’20; Free Cash Flow (mm$) reflecting excellent cash management • $61 mm of cash held at Pearl Petroleum 315 • Cash Dividend of $105mm paid in May 253 Positive FCF - $103mm Vs $51mm in H1 245 103 2020 200 156 144 146 133 123 76 9
Slide 14: 4. Summary
4. Summary
Slide 15: Summary
Summary One of the strongest sets of financial results Revenue, growth profit and net profit significantly higher, driven by rising oil prices. • Management successfully reduced expected decline in Egypt production, maintaining group production at 64,000 boepd, boosted by record production in KR
Slide 16: 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