Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Investor Presentation (July 2025)
35 slides from Dana Gas Pjsc's investor presentation, July 2025
Slide 1: Cleaner Energy for the Future
Corporate Presentation Cleaner Energy for the Future July 2025
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Dana Gas At a Glance Page 6 3. Why Invest in Dana Gas Page 9 4. Operational Performance Page 11 5. Sustainability Page 21 6. Financial Performance Page 24 7. In Closing Page 33 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: 1. Performance Snapshot
CLEANER ENERGY FOR THE FUTURE 1. Performance Snapshot 4
Slide 5: Latest Earnings Update – Q1 2025
Latest Earnings Update – Q1 2025 Operations Liquidity Group operations remained stable $160m Chemchemal investment Cash balance: $373mm, incl. $40mm dividend received from Pearl and uninterrupted in H1 2025 programme initiated $214mm at Pearl JV Receivables: $67mm (KRI), Khor Mor field surpassed 500
Slide 6: 2. Dana Gas At a Glance
CLEANER ENERGY FOR THE FUTURE 2. Dana Gas At a Glance 6
Slide 7: Dana Gas At a Glance
Dana Gas At a Glance A growth-focused regional gas company listed on the Abu Dhabi Securities Exchange What We Do Where We Operate By the Numbers* Produce and deliver domestic Market Cap Net production gas, condensate and LPG to the KRI and Egypt, supplying TURKEY Kurdistan Region of Iraq (KRI) c. $
Slide 8: Group Structure
Group Structure Strategic partnerships anchored in Pearl Petroleum Dana Gas PJSC Pearl Petroleum, formed in 2009 by Crescent Petroleum and Dana Gas, is a five-shareholder partnership, including four listed entities across Europe and the Middle East. 100% 100% Established in 2009 by Crescent Petroleu
Slide 9: 3. Why Invest in Dana Gas
CLEANER ENERGY FOR THE FUTURE 3. Why Invest in Dana Gas 9
Slide 10: Why Invest in Dana Gas
Why Invest in Dana Gas Strong cash flow generation, dividend distribution and substantial organic growth potential 2P gas reserves of over 1 billion boe net to Dana Gas World-class gas reserves; 1 Huge production growth potential 50% production increase by the end of 2026 (gas sales to double) Signi
Slide 11: 4. Operational Performance
CLEANER ENERGY FOR THE FUTURE 4. Operational Performance 11
Slide 12: KRI: World Class Assets and Low-Cost Production
KRI: World Class Assets and Low-Cost Production Partnering to deliver energy security for the Kurdistan Region of Iraq Pearl Petroleum holds 100% WI in the PDA covering Khor Mor, Chemchemal, and exploration Blocks 19 & 20 Kor Mor is producing; Chemchemal is in appraisal and early development phase K
Slide 13: Years of Reliable Production; Significant Growth to Come
15 Years of Reliable Production; Significant Growth to Come Dana Gas is expecting a substantial increase in production with KM250 onstream: with monetized gas production set to almost double from 2026 onwards. KM250 to increase production capacity by c. 50% (2026 onwards) 1000 900 Second bypass Firs
Slide 14: KRI: Resilient Operations Driving Steady Growth
KRI: Resilient Operations Driving Steady Growth Organic production growth underpinned by stable revenues and robust collections KRI Production Continuing Pearl Production Unaffected Improved Payment Structure Supporting to Grow Organically By KRI Political Issues & Regional Export Healthy Cash Flow
Slide 15: KM250: Unlocking the Next Phase of Production Growth
KM250: Unlocking the Next Phase of Production Growth Project to add 50% to processing capacity by Q1 2026 Delivering Step-Change in Capacity and Cash Flow Project progressing on an accelerated timeline; first gas expected Q1 2026 Adds 250 MMscf/d processing capacity, increasing Pearl output by ~50%,
Slide 16: KM250: Additional Site Images
KM250: Additional Site Images 16
Slide 17: Chemchemal: High-Impact Growth Beyond KM250
Chemchemal: High-Impact Growth Beyond KM250 Appraisal and development underway for Pearl’s second gas field in the KRI. Chemchemal is one of Iraq’s largest undeveloped gas fields. Chemchemal EWT Project Highlights Reserves Overall Field Layout Stage: Estimated total volume initially FID approved, ea
Slide 18: Egypt: Trusted Deliverer
Egypt: Trusted Deliverer 17+ years of reliable gas supply, contributing to Egypt’s energy security and domestic market stability Egypt Offers Diversified Production and Cash Flow Dana Gas Egypt (DGE) has been operating in Egypt since 2007; currently the 7th largest gas producer in the country Curren
Slide 19: Egypt: Unlocking Value Through Focused Reinvestment
Egypt: Unlocking Value Through Focused Reinvestment Two-year investment programme underway to boost output and value DGE signed the Consolidation Agreement with Historical Production Profile kboe/d the Egyptian government in December 2024. Consolidates existing concessions into a single 43 42 agreem
Slide 20: UAE Gas Project – Material Monetization Opportunity
UAE Gas Project – Material Monetization Opportunity Arbitration process underway with confirmed first arbitration award of $607 million and significant additional claim in progress The UAE Gas Project involves the purchase of 600 MMscf/d imported gas sourced from the National Iranian Oil Company (NI
Slide 21: 5. Sustainability
CLEANER ENERGY FOR THE FUTURE 5. Sustainability 21
Slide 22: Delivering Measurable Sustainability Impact Across Our Operations
Delivering Measurable Sustainability Impact Across Our Operations Dana Gas operates with As the main domestic gas We are committed to safe, We have reduced a top quartile carbon intensity supplier in the KRI and a responsible operations, GHG emissions by 59% over profile, recording 5.39 kg CO₂ long-
Slide 23: Delivering Measurable Sustainability Impact Across Our Operations (contd.)
Delivering Measurable Sustainability Impact Across Our Operations (contd.) 2024 sustainability performance highlights Performing Responsibly Safeguarding Our Workforce and Assets Contributing to In-Country Value Significant spills over Voluntarily offset Lost-Time Incident free Safety observations I
Slide 24: 6. Financial Performance
CLEANER ENERGY FOR THE FUTURE 6. Financial Performance 24
Slide 25: Production Highlights
Production Highlights Production continues to grow in KRI – KM250 will deliver substantial production increase from 2026. Recent Egypt declines will be mitigated by ongoing investment programme. Historical Annual Production kboe/d Quarterly Breakdown of Production kboe/d 62 56.8 60 59 53.5 52.2 6.2
Slide 26: Realized Prices
Realized Prices Realized liquids prices relatively flat despite drop in Brent pricing Average Realized Price – Condensate USD/bbl Average Realized Price – LPG USD/boe $83 $83 $75 $76 $75 $75 $76 $67 $68 $57 $58 $52 $44 $42 $43 $37 $35 $35 $34 $34 $35 $29 $29 $28 Brent Dana Gas KRI Egypt Brent Dana G
Slide 27: Revenue Highlights
Revenue Highlights Revenues decreased by $6mm vs Q1 2024, mainly driven by lower production in Egypt. Q4 2024 Egypt revenue enhanced by retroactive increase in gas price in Egypt following signing of consolidated concession agreement. Historical Annual Revenue $mm Quarterly Revenue Breakdown $mm 525
Slide 28: Profit Highlights
Profit Highlights 13% increase in earnings QoQ driven by stronger gas pricing in Egypt (+$6mm), lower DDA charges(-$4mm), plus reduced finance (-$2mm) and operating (-$1mm) costs Annual EBITDA $mm Quarterly EBITDA $mm 332 88 269 257 263 61 58 2021 2022 2023 2024 Q1 2024 Q4 2024 Q1 2025 Annual Net Pr
Slide 29: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights OPEX and G&A hold steady quarter-on-quarter Slight increase in Opex and G&A costs per boe as a result of drop in production. On $ value terms, operating costs 7% down Company OPEX and G&A costs remain extremely competitive on an industry wide basis OPEX and G&A costs at
Slide 30: Dana Gas Cash Flow Overview
Dana Gas Cash Flow Overview Working Capital build and All figures in US$mm 2021 2022 2023 2024 Q1 2025 ongoing capex programme EBITDA 269 332 257 263 58 led to reduced Free Cash Flow in 2023 Impact reversed in 2024 and Interest Costs (5) (9) (18) (11) (2) Dana Gas paid down Change in Working Capital
Slide 31: Dana Gas Borrowing Evolution
Dana Gas Borrowing Evolution Significant deleveraging at Dana Gas corporate level over last decade Rise in Pearl project debt to fund KM250 project – will generate cash flow growth once onstream Improvement in Company’s Balance Sheet Dana Gas Borrowing Evolution $mm with low debt at the corporate an
Slide 32: Receivables and Collections Overview
Receivables and Collections Overview Overall positive situation on receivables in 2024 and Q1 2025 – receivables stable and current invoices being paid Cash Collection of $70mm in Q1 2025 2024 Full Year Q1 2025 KRI Collections Egypt (68% Realization) Egypt (92% Realization) • Regular payments contin
Slide 33: 7. In Closing
CLEANER ENERGY FOR THE FUTURE 7. In Closing 33
Slide 34: Focused on Delivering Growth, Strengthening Cash Flow and Continuing to Create Shareholder Value
Focused on Delivering Growth, Strengthening Cash Flow and Continuing to Create Shareholder Value 2025-2026 Delivery Priorities Continue to Create Shareholder Value Deliver KM250 and Chemchemal projects to drive material Consistent delivery from world-class KRI asset base production growth and cash f
Slide 35: Contact Us
Contact Us Dana Gas PJSC P. O. Box 2011, Sharjah, UAE E-mail mohammed.mubaideen@danagas.com Direct +971 6 519 4401 www.danagas.com