Dana Gas PJSC · ADX:DANA

Dana Gas PJSC — Dana Gas — Q1 2011 Earnings Presentation

18 slides from Dana Gas PJSC's earnings presentation, May 12, 2011

  1. Slide 1: First Quarter 2011 Results Presentation

    The Middle East’s Leading Private Sector Natural Gas Company First Quarter 2011 Results Presentation – 12th May 2011 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: Today's Speakers

    Today’s Speakers Ahmed Al Arbeed Donald Dorn-Lopez Azfar Aboobakar Chief Executive Officer Technical Director Financial Controller 3

  4. Slide 4: Presentation Outline – First Quarter 2011

    Presentation Outline – First Quarter 2011 CEO Overview Technical Director Operational update Production Financial Controller Financial Results - Average Realized Prices - Net Profit - Capital Expenditure - Trade Receivables Analysis - Cash Flow - Key Financial Metrics Q & A session 4

  5. Slide 5: CEO Overview – 1Q 2011 Highlights

    CEO Overview – 1Q 2011 Highlights  1Q 2011 Profit After Tax: $25MM, compared to $9MM in 1Q 2010  1Q 2011 Production:  Increase of 34% compared to 1Q 2010  Target overall production increase of 25% in 2011 compared to 2010  Egypt exploration – South East Abu El Naga – at least 60Bcf estimated re

  6. Slide 6: Technical Director Operational Update

    Technical Director Operational Update 6

  7. Slide 7: Egypt: Year to Date 2011 Results

    Egypt: Year to Date 2011 Results El Wastani Plant 2011 RESULTS & PLANS 2011 discoveries: South Abu El Naga – 2 (El Wastani formation) East Orchid Nile 2011 new fields on stream Plant Ward Delta West Ward Delta Current prod rate 48kboepd S El Manzala Plant 7

  8. Slide 8: Kurdistan Region of Iraq: Year to Date 2011 Results

    Kurdistan Region of Iraq: Year to Date 2011 Results Pearl Petroleum Company Ltd ownership:  Dana Gas 40% 2011 RESULTS & PLANS  Crescent Petroleum 40%  OMV 10%  MOL 10% Production via Early Production Facility LPG Train 1 LPG Train 2 Available capacity circa 400 MMscfpd 1Q11 gas production 224 MM

  9. Slide 9: Production – First Quarter 2011 vs First Quarter 2010

    Production – First Quarter 2011 Vs First Quarter 2010 Rounded to nearest hundred Production (Boepd) 80,000 70,000 34% 66,800 60,000 50,000 21% 47,300 50,000 39,200 40,000 30,000 80% 19,500 20,000 10,800 10,000 0 Total Egypt Kurdistan (40% WI) Nile Delta 100% Includes Gas production: 1Q10 1Q11 Komomb

  10. Slide 10: Production – First Quarter 2011 vs Fourth Quarter 2010

    Production – First Quarter 2011 Vs Fourth Quarter 2010 Rounded to nearest hundred Production (Boepd) 80,000 70,000 66,800 61,800 60,000 50,000 45,700 47,300 40,000 30,000 19,500 20,000 16,100 10,000 0 Total Egypt Kurdistan (40% WI) Nile Delta 100% Includes Gas production: 4Q10 4Q11 Komombo (50% WI)

  11. Slide 11: Financial Controller Financial Results

    Financial Controller Financial Results 11

  12. Slide 12: Average Prices - First Quarter 2011 vs First Quarter 2010

    Average Prices - First Quarter 2011 Vs First Quarter 2010 120 3.0 2.7 2.7 102 101 100 80 80 75 71 2.0 61 60 1.0 40 20 0.0 0 Gas (USD/Mscf) Condensate LPG Crude Oil (USD/boe) (USD/boe) (USD/bbl) Q1 -2010 Q1 - 2011 12

  13. Slide 13: Average Prices - First Quarter 2011 vs Fourth Quarter 2010

    Average Prices - First Quarter 2011 Vs Fourth Quarter 2010 120 102 101 3.0 100 2.7 2.7 85 82 80 80 72 2.0 60 40 1.0 20 0 0.0 Condensate LPG Crude Oil Gas (USD/Mscf) (USD/boe) (USD/boe) (USD/bbl) Q4 -2010 Q1- 2011 13

  14. Slide 14: Profit After Tax Bridge – First Quarter 2011 vs First Quarter 2010

    Profit After Tax Bridge – First Quarter 2011 Vs First Quarter 2010 US$ Million 70 35 60 50 (14) 40 (5) 21 (3) 30 (7) 25 20 (9) (2) 10 9 0 Q1 2010 Increase in Increase in Increase in Increase in Higher G&A Higher Higher Lower Q1 2011 Profit Revenue - Revenue - Royalty & Tax DDA & COS Finance cost Exp

  15. Slide 15: CAPEX - First Quarter 2011 vs First Quarter 2010

    CAPEX - First Quarter 2011 Vs First Quarter 2010 US$ million 30 27 24 21 20 10 4 4 1 0 Dana Gas Egypt Kurdistan Others Q1 - 2010 Q1 - 2011 15

  16. Slide 16: Trade Receivables - First Quarter 2011 vs Fourth Quarter 2010

    Trade Receivables - First Quarter 2011 Vs Fourth Quarter 2010 US$ million 350 310 300 Collections in April 250 $ million 218 200 Egypt 20 150 100 Kurdistan 4 50 Total 24 0 Dana Gas Group Q4 2010 Q1 2011 Q4 2010 Q1 2011 2% 2% USD 6 Million USD 5 Million 45% USD 115 Million USD 98 Million USD 156 Mill

  17. Slide 17: Cash Flow – First Quarter 2011

    Cash Flow – First Quarter 2011 US$ Million 100 84 80 60 (29) 40 (17) 20 0 -20 -40 4 1 (47) -60 (90) Operating cash Capital Finance cost Working capital Proceeds from Others Net cash flow flow before expenditure movement borrowings working capital 17

  18. Slide 18: Key Financial Metrics – First Quarter 2011

    Key Financial Metrics – First Quarter 2011  SALES REVENUES ( ): 50% increase is due to higher realized hydrocarbon prices and higher production in Kurdistan compared to 1Q 2010.  GROSS PROFIT ( ): 108% increase reflects the higher sales revenue, partially offset by higher royalty charges and incre

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