Dno Asa Class A · OSL:DNO

Dno Asa Class A — Dno Asa Ord — Q3 2024 Earnings Presentation

9 slides from Dno Asa Class A's earnings presentation, Nov 7, 2024

  1. Slide 1: Q3 2024 Interim Results Presentation

    Q3 2024 Interim Results Presentation

  2. Slide 2: Q3 2024 summary and post-quarter developments

    Q3 2024 summary and post-quarter developments • Revenue increased to USD 170 million and operating profit to USD 31 million Net production thousand boepd 79.4 • Q3 2024 net production averaged 77,200 barrels of oil equivalent per day 74.8 77.2 (boepd), to which Kurdistan contributed 63,200 boepd, No

  3. Slide 3: North Sea on a growth path

    North Sea on a growth path Production to yearend 2027 from existing fields and discoveries • Q4 2024 output to rise with contribution from newly acquired Thousand boepd net to DNO Norne assets and resumed production after maintenance 30 • Further growth with Trym restart in 2025, followed by first 2

  4. Slide 4: Kurdistan operations update

    Kurdistan operations update • At Tawke license (DNO 75 percent and operator), three wells that were drilled but not completed due to the closure of the Iraq-Türkiye Pipeline last year were brought onstream midyear 2024 to meet demand from local traders • The three new wells contributed 7,800 boepd t

  5. Slide 5: Financial results – key figures

    Financial results – key figures Revenues Operating profit Net profit USD million USD million USD million 199 183 170 141 137 61 40 38 35 31 17 20 4 -3 -55 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 • Revenue increase from p

  6. Slide 6: Cash flow

    Cash flow • Q3 2024 operational cash flow of USD 112 million Q3 2024 cash flow USD million (USD 139 million in Q2 2024) • No tax payments or refunds during Q3 2024 • Net investing activities of USD 99 million (USD 121 million in Q2 2024) largely consist of USD 75 million in organic asset investments

  7. Slide 7: Capital structure

    Capital structure Cash deposits Net cash Equity ratio USD million USD million percent 943 919 48 49 47 708 719 42 40 606 153 171 158 142 134 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Page 7

  8. Slide 8: Important notice

    Important notice This presentation (the “Presentation”) has been prepared and delivered by DNO ASA (“DNO” or the “Company”). Copyright of all published material including photographs, drawings and images in this document remains vested in DNO and third party contributors as appropriate. Accordingly,

  9. Slide 9: Slide 9

Dno Asa Ord — Q3 2024 Earnings Presentation on 6ix