Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Q1 2025 Earnings Presentation
20 slides from Dana Gas Pjsc's earnings presentation, May 8, 2025
Slide 1: Q1 2025 – Financial Results
Q1 2025 – FINANCIAL RESULTS 8 MAY 2025 CLEAN ENERGY FOR THE FUTURE
Slide 2: Contents
CONTENTS I. Headlines II. Operational Performance III. Financial Update IV. Summary 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: Headlines
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Slide 5: Snapshot – Q1 2025
SNAPSHOT – Q1 2025 OPERATIONS FINANCIALS ▪ Group operations remained stable and uninterrupted in Q1 2025 ▪ Net Profit of $43mm – up 13% YoY despite softer oil prices ▪ Khor Mor field surpassed 500 million boe in cumulative production ▪ Profitability supported by: ▪ Daily gas output at Khor Mor reach
Slide 6: Operational Performance
© jUc¢ d_la DANAGAS OPERATIONAL PERFORMANCE
Slide 7: KRI: Energising the Country
KRI: ENERGISING THE COUNTRY OPERATIONS ▪ Production operations were uninterrupted in Q1. Company continues to play an important role in enabling regional power generation despite challenging conditions. ▪ Produced 39,650 boepd (Net) in Q1 25 (180 MMscf of gas; 5,215 bbl/d of condensate and 367 MTPD
Slide 8: Egypt: Operations Overview
EGYPT: OPERATIONS OVERVIEW OPERATIONS ▪ Produced 12,550 boepd during Q1 2025 (61 MMscf of gas; 1,213 bbl/d of condensate and 98 MTPD of LPG); 31% drop compared to Q1 2024 as a result of natural field declines and the impact of a planned maintenance shutdown CONCESSION CONSOLIDATION ▪ Consolidated Co
Slide 9: Production (boepd)
PRODUCTION (BOEPD) AVERAGE PRODUCTION Q1 2024 VS Q1 2025 (KBOE/D) AVERAGE PRODUCTION Q4 2024 VS Q1 2025 (KBOE/D) 53.5 52.2 56.8 52.2 7.30 39.7 38.9 6.6 39.7 6.4 38.6 6.43 5.50 5.22 5.2 5.2 18.2 43.3 12.5 40.3 14.6 41.2 40.3 1.80 30.1 12.5 28.6 29.3 30.1 1.21 1.4 1.2 14.7 10.2 11.9 10.2 KRI Egypt Gro
Slide 10: Realized Prices (USD/boe)
REALIZED PRICES ( USD/BOE) AVERAGE REALIZED PRICE - CONDENSATE (USD/BBL) AVERAGE REALIZED PRICE - LPG (USD/BOE) Q1 2024 Q4 2024 Q1 2025 Q1 2024 Q4 2024 Q1 2025 $83 $83 $75 $76 $75 $75 $76 $67 $68 $57 $58 $52 $44 $42 $43 $34 $35 $37 $35 $35 $34 $29 $29 $28 Brent Dana Gas KRI Egypt Brent Dana Gas KRI
Slide 11: Financial Update
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Slide 12: Revenue Highlights
REVENUE HIGHLIGHTS REVENUE BREAKDOWN ($MM) – Q1 2024 VS Q1 2025 REVENUE BREAKDOWN ($MM) – Q4 2024 VS Q1 2025 158 96 90 19 19 17 101 25 58 90 * 55 7 29 24 8 12 41 11 57 58 17 32 24 17 7 17 12 114 11 32 12 49 6 49 17 86 17 6 7 27 30 7 49 22 19 28 30 19 KRI Egypt Total KRI Egypt Total KRI Egypt Total K
Slide 13: Profit Highlights
PROFIT HIGHLIGHTS GROSS PROFIT ($MM) NET PROFIT ($MM) 100 Q1 2024 Q4 2024 Q1 2025 75 88 Q1 2024 Q4 2024 Q1 2025 75 75 61 58 50 43 38 39 47 48 50 25 25 0 0 Gross profit EBITDA Net Profit ▪ 13% increase in Net Profit, despite lower oil prices and lower production in Egypt. The increase in earnings was
Slide 14: G&A / OPEX Highlights
G&A / OPEX HIGHLIGHTS G&A / OPEX ($MM) G&A OPEX G&A/boe ($/boe) Opex/boe ($/boe) 20 2.98 ▪ Opex and G&A hold steady quarter-on-quarter 15 15 2.90 14 15 14 3.00 ▪ Slight increase in Opex and G&A costs per boe 2.57 2.49 12 as a result of drop in production. On $ value 2.12 terms, operating costs 7% do
Slide 15: CAPEX Highlights
CAPEX HIGHLIGHTS CAPEX ($MM) 40 ▪ Total $19mm vs $17mm in Q1 2024 26 ▪ $7mm in Egypt and $12mm in the KRI 19 17 ▪ Increase in Egypt CAPEX in Egypt as a result of the investment program associated with the consolidation agreement Q1 2022 Q1 2023 Q1 2024 Q1 2025 15
Slide 16: Cash Flow, Liquidity & Receivables
CASH FLOW, LIQUIDITY & RECEIVABLES DEBT AND CASH BALANCE ($MM) ▪ Improvement in Company’s Balance Sheet with low 373 debt at the corporate and better cash position 350 317 285 ▪ $373mm cash balance vs. $317mm at FY2024. 300 252 255 ▪ $214mm cash balance held at Pearl 250 216 Petroleum 199 200 185 ▪
Slide 17: Cash Flow, Liquidity & Receivables
CASH FLOW, LIQUIDITY & RECEIVABLES BILLINGS AND COLLECTIONS ($MM) ▪ Collected $70mm in Q1 2025 ▪ KRI Collections ▪ $58m, Company’s share of Pearl’s collections in the KRI with 100% 261 realisation ▪ Company’s share of KRI trade receivables stands at $67mm 225 ▪ Dana Gas received $40mm dividend from
Slide 18: Summary
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Slide 19: Summary
SUMMARY ▪ STRONG PROFITABILITY GROWTH ➢ Net profit rose 13% YoY to $43mm, driven by stronger Egypt gas pricing, lower finance costs, and reduced DD&A ➢ Revenue stood at $91mm, compared to $97mm in Q1 2024, reflecting lower realised hydrocarbon prices partially offset by improved condensate realisati
Slide 20: Reach Us
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 20