Dana Gas PJSC · ADX:DANA

Dana Gas PJSC — Dana Gas — Q2 2011 Earnings Presentation

14 slides from Dana Gas PJSC's earnings presentation, Aug 10, 2011

  1. Slide 1: The Middle East's Leading Private Sector Natural Gas Company

    The Middle East’s Leading Private Sector Natural Gas Company Second Quarter 2011 – Financial Results Information – 10th August 2011 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: Presentation Outline – Second Quarter 2011

    Presentation Outline – Second Quarter 2011 Highlights Production Financial Results - Average Realized Prices - Net Profit - Capital Expenditure - Trade Receivables Analysis - Cash Flow - Key Financial Metrics 3

  4. Slide 4: Highlights

    Highlights  Second Quarter Profit After Tax: $34MM  Second Quarter Production:  Increase of 20% compared to Second Quarter 2010  Increases reflect continuing progress in both Egypt and Kurdistan Region of Iraq  LPG production commenced in January 2011  Receivables position in Egypt and Kurdist

  5. Slide 5: Production – Second Quarter 2011 Vs Second Quarter 2010

    Production – Second Quarter 2011 Vs Second Quarter 2010 Production (Boepd) Rounded to nearest hundred 70,000 64,400 60,000 53,400 50,000 44,200 41,700 40,000 30,000 20,200 20,000 11,700 10,000 0 Total Egypt Nile Delta(100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production of 15,5

  6. Slide 6: Production – Second Quarter 2011 Vs First Quarter 2011

    Production – Second Quarter 2011 Vs First Quarter 2011 Production (Boepd) Rounded to nearest hundred 80,000 70,000 64,400 66,800 60,000 50,000 47,300 44,200 40,000 30,000 20,200 19,500 20,000 10,000 0 Total Egypt Nile Delta (100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production

  7. Slide 7: Kurdistan Region of Iraq – Khor Mor

    Kurdistan Region of Iraq – Khor Mor Pearl Petroleum Company Ltd ownership:  Dana Gas 40%  Crescent Petroleum 40%  Plant in full operational mode with LPG train 1  OMV 10% and 2 on production.  MOL 10% Estimated reserves = 2.5+ tcf1  Total available capacity, with Early Production Facility 400M

  8. Slide 8: Average Prices: Second Quarter 2011 Vs Second Quarter 2010

    Average Prices: Second Quarter 2011 Vs Second Quarter 2010 140 3.0 2.7 2.7 120 115 114 100 2.0 76 77 73 80 60 53 1.0 40 20 0.0 0 Gas (USD/Mscf) Condensate LPG Crude Oil (USD/boe) (USD/boe) (USD/bbl) Q2 - 2011 Q2 -2010 8

  9. Slide 9: Average Prices - Second Quarter 2011 Vs First Quarter 2011

    Average Prices - Second Quarter 2011 Vs First Quarter 2011 140 120 115 114 3.0 2.7 2.7 102 101 100 77 80 2.0 80 60 40 1.0 20 0 0.0 Condensate LPG Crude Oil Gas (USD/Mscf) (USD/boe) (USD/boe) (USD/bbl) Q2- 2011 Q1 -2011 9

  10. Slide 10: Profit After Tax Bridge – Second Quarter 2011 Vs Second Quarter 2010

    Profit After Tax Bridge – Second Quarter 2011 Vs Second Quarter 2010 70 22 60 50 32 (15) 40 (5) (2) 1 34 30 (8) 20 10 9 0 Q2 2010 Profit Increase in Increase in Increase in Increase in Higher G&A Higher Finance Lower Q2 2011 Profit Revenue - Revenue - Royalty & Tax DDA & COS cost Exploration Price E

  11. Slide 11: CAPEX - Second Quarter 2011 Vs Second Quarter 2010

    CAPEX - Second Quarter 2011 Vs Second Quarter 2010 US$ million 30 24 20 16 15 12 10 3 1 0 Dana Gas Egypt Kurdistan Others Q2 - 2011 Q2 - 2010 11

  12. Slide 12: Trade Receivables: Second Quarter 2011 Vs First Quarter 2011

    Trade Receivables: Second Quarter 2011 Vs First Quarter 2011 359 US$ million 350 310 300 Collections in Q-2 $ million 250 200 Egypt 35 150 100 Kurdistan (40%) 22 50 Total 57 0 Dana Gas Group Q2 2011 Q1 2011 Q2 2011 Q1 2011 2% USD 6 Million 2% USD 6 Million USD 180 Million USD 173 Million USD 156 Mil

  13. Slide 13: Cash Flow – Second Quarter 2011

    Cash Flow – Second Quarter 2011 US$ Million 100 82 80 60 (29) 40 (18) 20 6 1 0 (3) (45) -20 Operating cash Capital expenditure Finance cost Working capital Proceeds from Others Net cash flow flow before movement borrowings working capital 13

  14. Slide 14: Key Financial Metrics – Second Quarter 2011

    Key Financial Metrics – Second Quarter 2011  SALES REVENUES ( ): 46% increase is due to higher realized hydrocarbon prices and higher production in Kurdistan compared to 2Q 2010.  GROSS PROFIT ( ): 90% increase reflects the higher sales revenue, partially offset by higher royalty charges and incre

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