Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Dana Gas — FY2010 Earnings Presentation
16 slides from Dana Gas Pjsc's earnings presentation, Jan 31, 2011
Slide 1: 2010 Full Year Preliminary Results Presentation
The Middle East’s Leading Private Sector Natural Gas Company 2010 Full Year Preliminary Results Presentation – 31 January 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: Today's Speakers
Today’s Speakers Ahmed Al Arbeed Donald Dorn-Lopez Azfar Aboobakar Chief Executive Officer Technical Director Group Financial Controller 3
Slide 4: Presentation Outline – Preliminary Full Year 2010 Results
Presentation Outline – Preliminary Full Year 2010 Results CEO Overview Technical Director Egypt 2010 Results Egypt Reserves 2011 Exploration plans Production Group Financial Controller Financial Results - Average Realised prices - Net Profit - Capital Expenditure - Trade Receivables - Key financial
Slide 5: CEO Overview – 2010 Highlights
CEO Overview – 2010 Highlights 2010 Profit After Tax: $43MM, compared to $24MM in 2009 2010 Production: Increase of 31% compared to 2009 Exceeded our target of 20% growth in production in 2010 compared to 2009 Increase reflects continuing progress in both Egypt and Kurdistan 2010 Drillin
Slide 6: Egypt: Year to Date 2010 Results
Egypt: Year to Date 2010 Results El Wastani Plant 2010 RESULTS & PLANS 2010 discoveries: El Panseiya S Faraskur Ward Delta South Abu El Naga East West Ward Delta Orchid Nile Salma Delta North Plant NW Sama 2010 new fields on stream Sama Orchid Faraskur S Faraskur Sharabas S El Manzala Current prod r
Slide 7: Egypt: Reserves
Egypt: Reserves Proved Probable Possible 2007 45.8 66.7 86.4 2008 55.6 94.3 157.7 2009 46.8 131.9 222.0 2010 88.7 151.8 252.9 Proved Proved + possible Proved + probable + possible +90% +15 % +14% 7
Slide 8: Egypt: 2011 Potential Exploration Prospects
Egypt: 2011 Potential Exploration Prospects Arak-1 Foadya-1 Marvel -1 Sanabel-1 Faraskur Deep-1 Ayad-1 Said-1 Pluto -1 Tulip Deep-1 Marzouk Deep-1 Bahy -1 KSH Violet-1 Iris-1 Messinian SSL Magnolia-1 Acacia-1 Azalea-1 Borgonia-1 8 W.Sama-1
Slide 9: Kurdish Region of Iraq: Year to Date 2010 Results
Kurdish Region of Iraq: Year to Date 2010 Results Pearl Petroleum Company Ltd ownership: Dana Gas 40% 2010 RESULTS & PLANS Crescent Petroleum 40% OMV 10% MOL 10% Production via Early Production Facility LPG Train 1 Gas production up to 230MMscfpd plus 10000bpd condensate (gross) plus LPG pro
Slide 10: Production – 2010 Versus 2009
Production – 2010 Versus 2009 Rounded to nearest hundred Production (Boepd) 60,000 31% 50,000 55,500 22% 40,000 42,300 42,200 30,000 34,700 20,000 76% 10,000 13,200 7,500 0 Total Egypt Nile Delta(100% WI) Kurdistan (40% WI) Egypt Komombo (50% WI) Includes Gas production: 2009 2010 10,200 boepd 2010
Slide 11: Average Prices - 2009 Versus 2010
Average Prices - 2009 Versus 2010 90 78 3.0 80 75 2.7 2.7 70 61 60 60 55 2.0 50 44 40 30 1.0 20 10 0 0.0 Gas (USD/Mscf) Condensate LPG Crude Oil (USD/boe) (USD/boe) (USD/bbl) 2009 2010 11
Slide 12: Average Prices - Third Quarter Versus Fourth Quarter 2010
Average Prices - Third Quarter Versus Fourth Quarter 2010 85 3.0 90 82 2.7 2.7 3.0 80 75 2.7 2.7 72 71 70 2.0 60 54 2.0 50 40 1.0 30 1.0 20 10 0.0 0 0.0 Gas (USD/Mscf) Gas (USD/Mscf) Condensate LPG Crude Oil (USD/boe) (USD/boe) (USD/bbl) Q3 -2010 Q4 2010 12
Slide 13: Net Profit 2009 Vs 2010
Net Profit 2009 Vs 2010 50 US$ Million 45 43 40 35 30 25 24 20 16 78% 15 10 9 9 9 5 0 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 2010 13
Slide 14: CAPEX – 2009 vs 2010
CAPEX – 2009 vs 2010 US$ million 300 252 250 202 200 150 138 121 98 100 59 50 16 22 0 Total CAPEX Dana Gas Egypt Kurdistan Others 2009 2010 14
Slide 15: Trade Receivables – Q3 & Q4 2010
Trade Receivables –Q3 & Q4 2010 US$ million 250 218 200 177 150 100 50 0 Q3 2010 Q4 2010 Q3 2010 Q4 2010 Q3 2010 Q4 2010 3% 2% USD 4 million USD 4 million USD 5 million USD 5 million USD 116 USD 98 43% 45% million million USD 98 USD 96 million USD 76 million million USD 115 million USD 98 million 54
Slide 16: Key Financial Metrics – Year 2010
Key Financial Metrics – Year 2010 SALES REVENUE ( ): 40% increase from $ 349 million in 2009 to $ 487 million in 2010 due to higher production in Egypt and Kurdistan (31%), plus higher realized hydrocarbon prices compared to 2009. Profit After Tax ( ): An increase of $19 million (80%) compared t