Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — 9M 2020 Earnings Presentation
17 slides from Dana Gas Pjsc's earnings presentation, Nov 12, 2020
Slide 1: Clean Energy for the Future: 9M 2020 Financial Results
Clean Energy for the Future 9M 2020 –Financial Results 12 November 2020
Slide 2: 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 3: Contents
Contents 1 Headlines 2 Production & Country Performance 3 Financial Update 4 Summary
Slide 4: 1. Headlines
1. Headlines —
Slide 5: Snapshot – 9M 2020
Snapshot – 9M 2020 Operations Financials After Q3 - agreed to sell Egypt onshore assets to Net Profit of $31mm before one-off impairments IPR Energy; keep Block 3 and offshore Block 6 despite steep decline in energy prices Operations continued uninterrupted; stringent • Including impairments,
Slide 6: 3. Production & Country Performance
3. Production & Country Performance
Slide 7: Production (boepd) & Realized Prices (USD/boe)
Production (boepd) & Realized Prices ( USD/boe) Average production 9M 2020 vs 9M 2019 Average production Q3 2020 vs Q3 2019 64,650 62,750 67,100 9M 2019 Q3 2019 63,000 9M 2020 Q3 2020 32,500 30,500 32,400 33,600 29,600 30,500 31,800 31,900 950 0 700 750 1,000* 0 700 600 Group Egypt KRI UAE EBGDCO Gr
Slide 8: Egypt: Programme Overview
Egypt: Programme Overview Operations Operations continued as normal Health and safety measures brought in; no COVID cases reported. Produced 30,500 boepd in 9M 2020 (144 MMscf of gas; 4,045 bbl/d of condensate and 211 MTPD of LPG) Sale of Dana Gas onshore assets to IPR Energy Transaction inc
Slide 9: KRI: Energising the country
KRI: Energising the country Ambitious programme to increase daily production to 900 MMscf and 35,000 bbl by 2024 Operations Operations continued as normal Health and safety measures brought in; no COVID-19 cases reported Completed a local bypass project, which has allowed 30 MMscf/d (gross) of
Slide 10: Arbitration Update
Arbitration Update UAE Gas Project In 2014 Arbitration Award was found in favor of Crescent Petroleum (Dana Gas partner) on all issues In October 2017 Tribunal indicated final judgement on the amount of damages (to cover the period from 2005-2014) would likely be delivered in second half of 2018
Slide 11: 2. Financial Update
2. Financial Update
Slide 12: Financial Highlights
Financial Highlights Gross Revenue ($mm) EBITDA ($mm) 400 357 295 300 300 262 200 200 110 115 90 232 81 100 218 77 100 50 33 168 21 12 68 22 94 125 51 77 60 30 38 0 0 9M 2020 9 M 2019 Q3 2020 Q3 2019 9M 2020 9 M 2019 Q3 2020 Q3 2019 Continued operations Discontinued operations Total Continued operat
Slide 13: CAPEX & OPEX
CAPEX & OPEX G&A / OPEX (million USD) CAPEX (million USD) G&A OPEX 56 52 54 55 52 40 122 127 123 38 41 41 107 23 63 13 15 16 15 12 47 11 11 9 37 28 2015 2016 2017 2018 2019 9M 9M 9M 9M 2017 2018 2019 2020 2016 2017 2018 2019 9M 17 9M 18 9M 19 9M 20 G&A / OPEX CAPEX Company continues to optimise co
Slide 14: Cash Flow, Liquidity & Receivables
Cash Flow, Liquidity & Receivables Positive FCF - $54mm Free Cash Flow (mm$) Q3 cash balance of $299mm vs. $425mm FY’19; excellent cash management 465 • Cash Dividend of $104mm paid in May 450 413 • Sukuk buyback $88.5mm (nominal value), profit 315 payment $12mm 62 • $36mm of cash held at Pearl
Slide 15: 4. Summary
4. Summary
Slide 16: Summary
Summary Strong and resilient operational performance in 9M 2020 Operations uninterrupted despite difficulty of working through the pandemic Net profit of $31mm (before impairment) despite low commodity price environment confirms operational efficiency Sustainable revenues through gas sales u
Slide 17: Reach Us: Dana Gas PJSC
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