Dana Gas PJSC · ADX:DANA
Dana Gas PJSC — 9M 2023 Earnings Presentation
16 slides from Dana Gas PJSC's earnings presentation, Nov 8, 2023
Slide 1: Clean Energy for the Future: 9M 2023 Financial Results
Clean Energy for the Future 9M 2023 –Financial Results 8 November 2023
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 2023
Snapshot – 9M 2023 Operations Financials ▪ Group’s existing operations continued uninterrupted ▪ 9M 2023 Net Profit of $126mm – 22% decline due to • Pearl’s operations and production have lower realized prices and additional discount on continued without interruption since all its local condensate s
Slide 6: 3. Production & Country Performance
3. Production & Country Performance
Slide 7: Production (boepd) & Realized Prices (USD/boe)
Production (boepd) & Realized Prices ( USD/boe) Average production 9M 2022 vs 9M 2023 (kboe/d) Average production Q3 2022 vs Q3 2023 (kboe/d) 60.6 59.7 59.8 59.6 7.94 7.67 7.6 38.6 7.5 34.3 37.1 34.0 26.3 25.8 5.39 22.5 5.5 21.0 5.12 5.0 2.81 45.85 45.81 2.6 45.4 45.6 2.28 2.0 24.76 27.55 24.7 28.6
Slide 8: KRI: Energising the country
KRI: Energising the country Operations ▪ Production operations continued as normal and the company continues to play an important role in enabling regional power generation despite challenging conditions ▪ Produced 37,150 boepd (35%) in 9M 2023 (165 MMscf of gas; 5,390 bbl/d of condensate and 356 MT
Slide 9: Egypt: Operations Overview
Egypt: Operations Overview Operations ▪ Produced 22,600 boepd in 9M 2023 (110 MMscf of gas; 2,275 bbl/d of condensate and 179 MTPD of LPG); 14% drop compared to 9M 2022 as a result of limited investment and natural field declines ▪ The decline is lower than the 20-30% production decrease that is exp
Slide 10: 2. Financial Update
2. Financial Update
Slide 11: Financial Highlights
Financial Highlights 9M Revenue Breakdown ($mm) Quarterly Revenue Breakdown ($mm) 130 412 23 103 79 323 19 61 65 65 56 210 56 31 202 180 11 47 169 12 154 110 11 34 45 22 8 33 34 17 14 72 28 51 53 108 64 46 31 153 152 20 28 25 60 93 72 80 KRI Egypt Total Revenue KRI Egypt Total Revenue KRI Egypt Tota
Slide 12: CAPEX & OPEX
CAPEX & OPEX G&A / OPEX ($mm) CAPEX ($mm) G&A OPEX G&A/boe ($/boe) Opex/boe ($/bpe) 60 60 57 55 55 2.65 2.59 2.54 2.61 3.00 2.28 2.38 2.38 45 2.27 41 42 40 37 2.00 139 126 20 1.00 110 0.62 0.52 0.55 0.52 0.54 0.55 91 85 0.49 0.41 56 15 12 11 12 9 7 9 9 0 - 37 2019 2020 2021 2022 9M 9M 9M 9M 2020 202
Slide 13: Cash Flow, Liquidity & Receivables
Cash Flow, Liquidity & Receivables ▪ $115mm cash balance vs. $151mm FY2022; Debt and Cash Balance ($mm) • $99mm of cash balance held at Pearl Petroleum • Cash Dividend of $86mm (4.5 fils per share) paid to 1000 897 930 920 861 815 the Company’s shareholders in May 800 748 803 723 ▪ As of 30 Septembe
Slide 14: 4. Summary
4. Summary
Slide 15: Summary
Summary ▪ Operational and financial results robust despite difficult macro environment • $126mm net profit highlights success in increasing production in KRI; supported by a 12% reduction in operating costs as bottom-line declines in line with energy prices • Third party condensate sales to provide
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