Dana Gas PJSC · ADX:DANA

Dana Gas PJSC — Investor Presentation (February 2013)

28 slides from Dana Gas PJSC's investor presentation, February 2013

  1. Slide 1: The Middle East's Leading Private Sector Natural Gas Company

    The Middle East’s Leading Private Sector Natural Gas Company February 2013 1

  2. 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

  3. Slide 3: Agenda

    Agenda Industry overview 4 Corporate Overview and 2012 Plan 5 Assets and projects Egypt 10 Kurdistan Region of Iraq 15 UAE 18 Others 21 Operational and Financial Highlights 22 3

  4. Slide 4: Current Gas Status Business Environment

    Current Gas Status Business Environment MENASA vs Rest of World General Proven Gas Reserves 2011 (Tcf) MENASA vs Rest of World • Business environment for the petroleum sector is sustainable, robust and vital for MENASA region MENASA • Global natural gas market evolves with developments in LNG, coal

  5. Slide 5: Corporate Overview

    Corporate Overview 5

  6. Slide 6: From the Region, by the Region, for the Region

    `` “From the Region, by the Region, for the Region” The Middle East’s Leading Private Sector Natural Gas Company 6

  7. Slide 7: Developing first class assets, revealing the upside

    Developing first class assets, revealing the upside December 2005: October 2007: Listing on ADX following Issue US$1bn convertible successful IPO Sukuk 2007 to 2012: 2012: November 2006: December 2009: 2011: Egypt 35 Successful EBGDCo US$1.1bn acquisition Sale of 50% Komombo Average prod: exploratio

  8. Slide 8: Distinguished Boards

    Distinguished Boards Dana Gas Board of Directors Diverse Shareholder Base Dr. Adel Khalid Al-Sabeeh – Chairman The company has over No. of shares held (bn) 250,000 public shareholders, Dr. Tawfeeq Abdulrahman Almoayed - Vice Chairman the highest number of any ADX Mr. Hamid D. Jafar Oman listed compa

  9. Slide 9: Group Footprint: A portfolio with substantial upside

    Group Footprint: A portfolio with substantial upside Egypt UAE Iraq UAE Upstream  Upstream  Upstream  Upstream Midstream � Midstream����� Midstream  Midstream � Downstream Downstream Downstream  Downstream Dana Gas Egypt Sharjah Offshore Kurdistan Region Gas Project 100% operator of producti

  10. Slide 10: Projects and Assets: Egypt

    Projects and Assets: Egypt 10

  11. Slide 11: Egypt: 2011 and 2012 Results

    Egypt: 2011 and 2012 Results El Wastani RESULTS Plant 2011 discoveries: South Abu El Naga – 2 (El Wastani formation) 2011 prod rate 42.5kboepd Orchid 2012 discoveries: West Sama-1, Allyum, Balsam. 2012 prod rate 32.2kboepd (natural production decline S El Manzala Plant 11

  12. Slide 12: Exploration Upside

    Exploration Upside NW Basarta-D Marvel-1 NW Basarta-C NW Basarta-B SE Luzi Qantara -1 Waseif-1 Arak Deep-1 Salsabel-1 S.E.Deep Allium DL WM – 2D - 2 Balsam DL N. Allium WM – 2D - 1 Qantara -2 N. Zidan Qantara -4 Qantara -3 Qantara -6 Tulip Deep WAS KES Salma Deep UAM Qantara -5 Salma West LAM QSM SS

  13. Slide 13: Dana Gas Egypt – Komombo (Upper Egypt)

    Dana Gas Egypt – Komombo (Upper Egypt) • 50% working interest, joint operatorship with Sea Dragon • Current gross production: 535 bopd 14 • Producing wells: 13 9 5 12 2 4 6 1 K1 • Fracture jobs executed in 7 11 7 3 K2 development wells for production SE-1 enhancement • 2,343 km of 2D seismic and 182

  14. Slide 14: Gulf of Suez gas liquids extraction plant (Ras Shukeir)

    Gulf of Suez gas liquids extraction plant (Ras Shukeir) Mid-stream gas value generation concept Shapas Denies TaurtAkhen ELObyed Matruh West Naf Abu Qir Abu Abu Madi Damietta Temsah N. Port Said Theka Port Fouad Bardwell ElSheikh • Egyptian Bahraini Gas Derivates Company Flower Zowayed (“EBGDCo”): a

  15. Slide 15: Projects and Assets: Kurdistan Region of Iraq

    Projects and Assets: Kurdistan Region of Iraq 15

  16. Slide 16: Iraqi Kurdistan: key growth frontier for Dana Gas

    Iraqi Kurdistan: key growth frontier for Dana Gas Two giant gas fields with upside potential to be realised Pearl Petroleum Company Ltd ownership:  Dana Gas 40%  Crescent Petroleum 40% Phase 1 2013 + Phase 3 - 2015+  OMV 10%  MOL 10% Further power and Estimated reserves Khor Mor Gas Field local

  17. Slide 17: Kurdistan Region of Iraq: 2012 Results

    Kurdistan Region of Iraq: 2012 Results 2012 RESULTS Production via Early Production Facility LPG Train 1 LPG Train 2 Gross Production during 2012 has averaged ~320 MMscfpd of gas , ~14,000 bpd of condensate and ~470Tpd of LPG. LPG production temporarily suspended until Q2 Khor Mor Field Production,

  18. Slide 18: Projects and Assets: UAE

    Projects and Assets: UAE 18

  19. Slide 19: Sharjah Western Offshore Concession

    Sharjah Western Offshore Concession Dana Gas’ entry into the GCC E&P sector and first offshore asset Zora Gas Field discovered in 1979, tested gas at 41MMscfd Development of $140 million includes: Install platform and 25km flow-line Gas processing plant onshore Re-entry of existing wells and/or dril

  20. Slide 20: UAE Gas Project

    UAE Gas Project A long-term cash generation business with upside Salman Field facilities UAE Gas Project companies UGTC receiving platform and gas pipeline Project to import gas to Sharjah and Northern Emirates, Dana Gas 100% initial rate 600MMscfpd Dana Gas will extract LPG, condensate & sulphur fr

  21. Slide 21: Projects and Assets: Others

    Projects and Assets: Others 21

  22. Slide 22: GasCities LLC

    GasCities LLC An industrial zone of local gas-using industries GasCities LLC: Joint Venture between Dana Gas and Crescent Petroleum GasCities to procure, process and distribute gas and provide amenities Benefits: •Bring “industry to the energy supply” •Generate vigorous economic growth •Bring employ

  23. Slide 23: Business Development

    Business Development Growth through targeted corporate or asset acquisitions Dana Gas portfolio has significant organic growth potential which will be added to through targeted corporate or asset acquisitions Focus on MENASA region with primary focus on UAE, Egypt, Algeria, Oman, Yemen, Iraq and Eas

  24. Slide 24: Operational and Financial Highlights

    Operational and Financial Highlights 24

  25. Slide 25: Operational Performance

    Operational Performance Reserves (Egypt+UAE): Production: 300 70 Iraq (Kurdistan) Egypt 60 23.7 200 50 13.2 MMboe 27.5 kboepd 1P 2P 40 7.5 277 253 3P 228 100 30 2.0 158 152 159 42.3 42.5 132 34.7 32.2 86 94 89 88 20 28.9 28.9 46 67 56 47 0 10 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 2012 Pl

  26. Slide 26: Financial Performance (Y-O-Y)

    Financial Performance (Y-O-Y) Revenue: Profit After Tax: 3000 600 2500 500 AED million AED million 2000 400 1500 2529 300 605 2300 506 1000 1785 200 500 1036 1139 1279 100 158 111 120 88 0 0 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 Operations Cash Flow: EBITDAX: 1800 600 1500 AED

  27. Slide 27: Receivables and Collections (Y-O-Y)

    Receivables and Collections (Y-O-Y) Egypt Receivables: Kurdistan Receivables: % collections: % collections: 78% 99% 95% 37% 94% 4% 11% 45% 55% 27

  28. Slide 28: Dana Gas 2013 Focus and Capex forecast

    Dana Gas 2013 Focus and Capex forecast Develop the portfolio to reveal the upside Expedite collections as a priority Exploration - 3 well exploration program and studies ~ $25MM Egypt Development - field development/tie-in of Salma/Tulip South Abu El Naga, Allium and Balsam ~$100MM Expedite collecti

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