Dana Gas PJSC · ADX:DANA
Dana Gas PJSC — Dana Gas — Q3 2011 Earnings Presentation
12 slides from Dana Gas PJSC's earnings presentation, Nov 14, 2011
Slide 1: Third Quarter 2011 – Financial Result Information
The Middle East’s Leading Private Sector Natural Gas Company Third Quarter 2011 – Financial Result Information – 14th November 2011 1
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
Slide 3: Presentation Outline – Third Quarter 2011
Presentation Outline – Third Quarter 2011 Highlights Production Financial Results - Average Realized Prices - Net Profit - Capital Expenditure - Trade Receivables Analysis - Cash Flow 3
Slide 4: Highlights
Highlights Third Quarter Profit After Tax: $39MM, driven by higher volumes and prices Third Quarter Production: Increase of 20% compared to Third Quarter 2010 Increase in Kurdistan Region of Iraq with both trains of LPG plant operational Egypt production reflects reduced capital expenditur
Slide 5: Production – Third Quarter 2011 Vs Third Quarter 2010
Production – Third Quarter 2011 Vs Third Quarter 2010 Production (Boepd) Rounded to nearest hundred 80,000 70,000 66,800 60,000 55,550 50,000 40,400 42,150 40,000 30,000 26,400 20,000 13,400 10,000 0 Total Egypt Nile Delta(100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production of
Slide 6: Production – Third Quarter 2011 Vs Second Quarter 2011
Production – Third Quarter 2011 Vs Second Quarter 2011 Production (Boepd) Rounded to nearest hundred 80,000 70,000 66,800 64,700 60,000 50,000 44,500 40,400 40,000 30,000 26,400 20,200 20,000 10,000 0 Total Egypt Nile Delta (100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production
Slide 7: Average Prices - Third Quarter 2011 Vs Third Quarter 2010
Average Prices - Third Quarter 2011 Vs Third Quarter 2010 120 112 110 3.0 2.7 2.7 100 80 75 75 71 2.0 60 54 1.0 40 20 0.0 0 Gas (USD/Mscf) Condensate LPG Crude Oil (USD/boe) (USD/boe) (USD/bbl) Q3 - 2011 Q3 -2010 7
Slide 8: Average Prices - Third Quarter 2011 Vs Second Quarter 2011
Average Prices - Third Quarter 2011 Vs Second Quarter 2011 140 3.0 120 112 115 110 114 2.7 2.7 100 80 75 77 2.0 60 40 1.0 20 0 0.0 Condensate LPG Crude Oil Gas (USD/Mscf) (USD/boe) (USD/boe) (USD/bbl) Q3- 2011 Q2 -2011 8
Slide 9: Profit After Tax Bridge – Third Quarter 2011 Vs Third Quarter 2010
Profit After Tax Bridge – Third Quarter 2011 Vs Third Quarter 2010 80 34 70 60 50 (24) (1) 4 40 31 (2) 39 (8) (4) 30 20 10 9 0 Q3 2010 Increase in Increase in Increase in Increase in Higher G&A Higher Lower Lower Q3 2011 Profit Revenue - Revenue - Royalty & Tax DDA & COS Finance cost Exploration Inv
Slide 10: CAPEX - Third Quarter 2011 Vs Third Quarter 2010
CAPEX - Third Quarter 2011 Vs Third Quarter 2010 US$ million 40 32 30 20 12 9 9 10 10 0 0 Dana Gas Egypt Kurdistan Others Q3 - 2011 Q3 - 2010 10
Slide 11: Trade Receivables - Third Quarter 2011 Vs Second Quarter 2011
Trade Receivables - Third Quarter 2011 Vs Second Quarter 2011 US$ million 405 400 359 350 Collections in 9M 300 $ million 250 Egypt 48 200 150 Kurdistan (40%) 80 100 50 Total 128 0 Dana Gas Group Q3 2011 Q2 2011 Q3 2011 Q2 2011 USD 7 Million 2% 2% USD 6 Million USD 207 Million USD 180 Million USD 17
Slide 12: Cash Flow – Third Quarter 2011
Cash Flow – Third Quarter 2011 US$ Million 100 90 88 80 70 (14) 60 (54) (16) 50 40 30 20 10 1 5 0 Operating cash flow Capital expenditure Finance cost Working capital Proceeds from Net cash flow before working capital movement borrowings 12