Dana Gas PJSC · ADX:DANA

Dana Gas PJSC — 9M 2019 Earnings Presentation

16 slides from Dana Gas PJSC's earnings presentation, Nov 14, 2019

  1. Slide 1: Clean Energy for the Future: 9M 2019 Financial Results

    Clean Energy for the Future 9M 2019 –Financial Results 14 November 2019

  2. 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

  3. Slide 3: Contents

    Contents 1 Headlines 2 Production & Country Performance 3 Financial Update 4 Summary

  4. Slide 4: 1. Headlines

    1. Headlines —

  5. Slide 5: Snapshot – 9M 2019

    Snapshot – 9M 2019 Operations Financials  Group production avg. 67,100 boepd – up 8%  Net Profit jumps in 9M 2019 by 246% to $142m  In KRI  Includes ‘other income’ of $126m from recognition of  Driving production higher; up 23% to 31,800 boepd financial assets related to certain reserve-based e

  6. Slide 6: 3. Production & Country Performance

    3. Production & Country Performance

  7. Slide 7: Egypt: Programme Overview

    Egypt: Programme Overview Strategic Review  Possible sale of our assets – bids expected mid-Nov.  Quality of assets excellent – producing onshore; exploration potential offshore  Matter of portfolio management – we are committed Merak even if no sale Block 6  Merak-1 drilling completed in mid-Ju

  8. Slide 8: Average Production & Average Realized Prices

    Average Production & Average Realized Prices Production (boepd) 9M 2019 Vs 9M 2018 Production (boepd) Q3 2019 Vs Q3 2018 64,650 67,100 62,250 59,350 Q3 2018 9M 2018 Q3 2019 9M 2019 32,250 32,500 30,500 34,500 33,600 31,800 25,100 25,800 1,200 950 800 700 1,250 1,000 700 700 Group Egypt KRI UAE EBGDC

  9. Slide 9: KRI: Expansion plans underway

    KRI: Expansion plans underway 10% in 2P reserves  Recent certification of reserves has increased the Company’s 2P reserves by 10% to 1,087 Mmboe Future Growth Plans  Signed a 20-year Gas Sales Agreements with the KRG to facilitate the production and sale of an additional 250 MMscf/d  Two new 250

  10. Slide 10: 2. Financial Update

    2. Financial Update

  11. Slide 11: Financial Highlights

    Financial Highlights Gross Revenue ($mm) EBITDA ($mm) 295 400 357 300 2018 2019 351 2018 2019 350 250 300 200 178 250 200 150 150 115 115 90 100 100 56 50 50 0 0 9M Q3 9M Q3 Gross Profit ($mm) Net Profit ($mm) 125 113 150 142 2018 2019 2018 2019 98 125 100 100 75 75 50 41 31 50 24 25 25 17 2 0 0 9M

  12. Slide 12: CAPEX & OPEX

    CAPEX & OPEX G&A / OPEX (million USD) CAPEX (million USD) G&A OPEX 56 54 234 52 52 40 38 40 41 122 123 107 109 23 63 15 16 47 13 10 11 12 11 28 2015 2016 2017 2018 9M 9M 9M 9M 2015 2016 2017 2018 9M 16 9M 17 9M 18 9M 19 2016 2017 2018 2019 G&A / OPEX CAPEX  Company continues to optimise costs  Tot

  13. Slide 13: Cash Flow, Liquidity & Receivables

    Cash Flow, Liquidity & Receivables  $392mm cash vs. $407mm FY 2018; excellent Free Cash Flow (million USD) cash management 465  Cash dividend of $105mm paid in May 450 413  Positive FCF - $62mm 315 245  Share buyback programme started in H2 62 203 2019 200 181 184 112 122  Egypt H1 19 collectio

  14. Slide 14: 4. Summary

    4. Summary

  15. Slide 15: Summary

    Summary • We delivered strong 9M 2019. 1 • Net profit was $142 million – like-for-like: $76 million. • Cash is $392 million compared to $407 million at YE 2018 – prudent cash management. • Undertaking a Strategic Review, which may lead to the sale of the Egypt assets. • Decision is a matter of portf

  16. Slide 16: Reach Us: Dana Gas PJSC

    Reach Us: Dana Gas PJSC P. O. Box 2011, Sharjah, UAE www.danagas.com E-mail : [email protected] Direct : +971 6 519 4401

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