Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Dana Gas — Investor Presentation (June 2013)
21 slides from Dana Gas Pjsc's investor presentation, Jun 26, 2013
Slide 1: Dana Gas Presentation to ADX Brokers
Dana Gas Presentation to ADX Brokers 26 June 2013 www.danagas.com 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 Index
Presentation Index Company Overview Q1 2013 Performance Highlights • Summary • Production Update • Financial Update • Receivables Update Business Performance • Egypt • Kurdistan Region of Iraq • UAE Stock Performance www.danagas.com 3
Slide 4: Dana Gas: An Overview
Dana Gas: An Overview First regional private-sector natural gas company in the Middle East with around 300,000 investors – Market Capitalization of $ 1 billion (AED 3.70 billion) – Average Daily Traded Volume of 34 million (2nd rank in ADX) – Free float of over 65% Oil and Gas operations in Kurdista
Slide 5: Q1 2013 Performance Highlights
Q1 2013 Performance Highlights www.danagas.com 5
Slide 6: Performance Highlights
Performance Highlights Production up at 61,200 BOEPD, up 3% on Q-o-Q basis; marginal decline (3%) on Y-o-Y basis – Further upside in Egypt as newly discovered wells and compression facilities are being brought on stream – LPG production in Kurdistan expected to restart in 3Q 2013 following repairs a
Slide 7: Financial Highlights
Financial Highlights Q1 – 2013 Q1 – 2012 Change %age Gross Revenue 152 191 (20) Net Profit 66 56 18 EBITDAX 88 125 (30) EPS (AED fils) 3.7 3.1 19 www.danagas.com 7
Slide 8: Production Highlights – Q1 2013 Vs Q1 2012
Production Highlights – Q1 2013 Vs Q1 2012 Production (Boepd) 70,000 Q1 2013 Q1 2012 61,400 63,000 60,000 50,000 40,000 33,700 34,500 30,000 27,700 28,500 20,000 10,000 0 Total Egypt Kurdistan (40% WI) Includes Gas production of 21,900 Boepd (1Q 12 – 20,000 Boepd) www.danagas.com 8
Slide 9: Trade Receivables – As of March 2013
Trade Receivables – As of 31 March 2013 (all figures in US$ ‘mm) 400 380 354 300 236 236 200 100 9 9 0 Dana Gas Egypt PPCL UGTC Q1 2013 Q4 2012 www.danagas.com 9
Slide 10: Billing & Collection – As of March 2013
Billing & Collection – As of March 2013 (all figures in US$ ‘mm) Dana Gas Egypt Pearl Petroleum (40%) 95% 55% 300 180 171 163 258 160 250 140 200 120 US$ Million US$ Million 100 150 143 80 100% 60 100 56% 41 41 57 40 50 32 20 0 0 YTD 2013 2012 YTD 2013 2012 Billing Collection Billing Collection Note
Slide 11: Business Performance - Egypt
Business Performance - Egypt www.danagas.com 11
Slide 12: Egypt: Q1 2013 Results
Egypt: Q1 2013 Results Discoveries: Begonia -1 potential under evaluation; full interpretation of testing results expected to be completed by Q2 2013 New Development Leases: - Sama Amendment (West Sama) - El Basant Amendment (Allium) - Balsam New Fields on Stream: - Allium (West Manzala) - South Abu
Slide 13: EBGDCO: Q1 2013 Results
EBGDCO: Q1 2013 Results Production: Gas plant throughput started averaged 75 MMSCFD until February 2013 since when it is averaging 85-90 MMSCFD Extensive communication with the Ministry and EGPC ongoing to achieve the contracted flow rate through increasing gas supply Exploratory discussions with ga
Slide 14: Business Performance – Kurdistan, Iraq
Business Performance – Kurdistan, Iraq www.danagas.com 14
Slide 15: Kurdistan, Iraq: Q1 2013 Results
Kurdistan, Iraq: Q1 2013 Results Pearl Petroleum Company Ltd ownership: Dana Gas 40% Q1 2013 RESULTS & PLANS Crescent Petroleum 40% OMV 10% MOL 10% Production via: • Early Production Facility • Train 1 & 2 Gas production 320 – 330 MMscfpd and 14,500 bpd condensate (gross). Currently meeting needs of
Slide 16: UAE Project
UAE Project www.danagas.com 16
Slide 17: Sharjah Western Offshore Concession
Sharjah Western Offshore Concession Development Plan of $140 million includes: • Install platform and 25km flow-line • Gas processing plant onshore • Re-entry of existing wells and/or drilling of one well • Initial flow rate of 40 MMscfpd Field to be developed using a single offshore platform linked
Slide 18: Stock Performance
Stock Performance www.danagas.com 18
Slide 19: Significant Outperformance in Recent Times
Significant Outperformance in Recent Times www.danagas.com 19
Slide 20: Significant Outperformance to MSCI EM
Significant Outperformance to MSCI EM www.danagas.com 20
Slide 21: Quantum Growth in Traded Volumes
Quantum Growth in Traded Volumes 40,000,000 DG Vol 2012 DG Vol 2013 35,000,000 34.1 30,000,000 28.9 25,000,000 22.8 20.5 20,000,000 19.2 16.0 15,000,000 12.9 10,000,000 8.37 7.76 6.8 6.8 6.6 5,000,000 - January February March April May June www.danagas.com 21