Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — H1 2022 Earnings Presentation
16 slides from Dana Gas Pjsc's earnings presentation, Aug 11, 2022
Slide 1: Clean Energy for the Future: H1 2022 Financial Results
Clean Energy for the Future H1 2022 –Financial Results 11 August 2022
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 – H1 2022
Snapshot – H1 2022 Operations Financials ▪ Group existing operations continued uninterrupted ▪ H1 Net Profit of $111mm – 20% decline due to one- ▪ H1 Group production at 61,100 boepd off impairment reversal of $78mm in H1 2021 • 5% down vs H1 2022 ▪ Normalized (operational) profit up 82% • KRI produ
Slide 6: 3. Production & Country Performance
3. Production & Country Performance
Slide 7: Production (boepd) & Realized Prices (USD/boe)
Production (boepd) & Realized Prices ( USD/boe) Average production H1 2021 vs H1 2022 Average production Q2 2021 vs Q2 2022 H1 2021 63,200 59,800 Q2 2021 64,000 61,100 H1 2022 Q2 2022 33,400 33,600 34,300 34,500 29,200 26,200 29,150 26,600 600 0 550* 0 Group Egypt KRI EBGDCO* Group Egypt KRI EBGDCO
Slide 8: Egypt: Programme Overview
Egypt: Programme Overview Operations ▪ Operations continued uninterrupted in H1 ▪ 26,600 boepd produced in H1 2022 (128 MMscf of gas; 2,900 bbl/d of condensate and 211 MTPD of LPG); 9% drop compared to H1 2021 as a result of limited investment and natural field declines ▪ 3% production decrease in Q
Slide 9: KRI: Energising the country
KRI: Energising the country Operations ▪ Production operations continued as normal in H1 ▪ 34,500 boepd produced in H1 2022 (149 MMscf of gas; 5,190 bbl/d of condensate and 380 MTPD of LPG) vs 34,300 boepd in H1 2021 Expansion project update ▪ Expansion to add an additional 500 MMscf/d through 2x 25
Slide 10: 2. Financial Update
2. Financial Update
Slide 11: Financial Highlights
Financial Highlights Gross Revenue ($mm) EBITDA ($mm) 300 284 2021 2022 2021 2022 200 250 216 164 200 150 144 110 150 110 100 83 100 60 50 50 0 0 H1 Q2 H1 Q2 Gross Profit ($mm) Net Profit ($mm) 150 139 150 138 2021 2022 2021 2022 111 111 115 91 100 100 71 61 57 57 46 50 37 50 0 0 H1 H1* Q2 Q2* H1 Q2
Slide 12: CAPEX & OPEX
CAPEX & OPEX G&A / OPEX ($mm) CAPEX ($mm) G&A OPEX G&A/boe ($/boe) Opex/boe ($/bpe) 4.00 60 60 55 55 2.65 2.68 3.00 2.28 2.38 2.19 2.35 2.35 40 31 2.00 27 27 26 127 126 89 20 1.00 0.62 0.65 0.52 0.49 0.52 0.54 58 0.43 56 50 15 12 11 8 6 6 25 5 0 - 2019 2020 2021 H1 2019 H1 2020 H1 2021 H1 2022 2019
Slide 13: Cash Flow, Liquidity & Receivables
Cash Flow, Liquidity & Receivables ▪ Positive FCF - $105mm Vs $103mm in H1 Free Cash Flow ($mm) 2021 400 Net Cash In (Operating) Net Cash Out (Capital expenditure) FCF ▪ $207mm cash balance vs. $185mm FY2021; 302 reflecting robust cash management 300 253 196 • $119mm of cash held at Pearl Petroleum
Slide 14: 4. Summary
4. Summary
Slide 15: Summary
Summary ▪ Delivered strong set of operational and financial results • H1 results bolstered by strong operational performance and supported by environment of rising hydrocarbon prices • Net Profit of $111mm (5.8 fils per share) driven by higher realized hydrocarbon prices, strong operational performa
Slide 16: 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