Dana Gas PJSC · ADX:DANA
Dana Gas PJSC — Q3 2022 Earnings Presentation
16 slides from Dana Gas PJSC's earnings presentation, Nov 9, 2022
Slide 1: Clean Energy for the Future: Q3 2022 Financial Results
Clean Energy for the Future Q3 2022 –Financial Results 9 November 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 – 9M 2022
Snapshot – 9M 2022 Operations Financials ▪ Group existing operations continued uninterrupted ▪ 9M Net Profit of $161mm – 64% increase on a like ▪ 9M Group production at 60,600 boepd for like basis • 4% down vs 9M 2021 ▪ 9M Gross Revenue up 27% to $297mm due to • KRI production 1% up at 34,500 boepd
Slide 6: 3. Production & Country Performance
3. Production & Country Performance
Slide 7: Production (boepd) & Realized Prices (USD/boe)
Production (boepd) & Realized Prices ( USD/boe) Average production 9M 2021 vs 9M 2022 Average production Q3 2021 vs Q3 2022 9M 2021 62,500 59,800 Q3 2021 63,200 60,600 9M 2022 Q3 2022 33,300 34,000 34,000 34,300 29,200 25,800 29,200 26,300 Group Egypt KRI Group Egypt KRI FY15 VS FY 16 Average Realiz
Slide 8: Egypt: Operations Overview
Egypt: Operations Overview Operations ▪ Operations continued uninterrupted in 2022 ▪ Produced 26,300 boepd in 9M 2022 (127 MMscf of gas; 2,813 bbl/d of condensate and 211 MTPD of LPG); 10% drop compared to 9M 2021 as a result of limited investment and natural field declines Onshore concession ▪ A nu
Slide 9: KRI: Energising the country
KRI: Energising the country Operations ▪ Operations continued as normal ▪ Produced 34,300 boepd in 9M 2022 (149 MMscf of gas; 5,125 bbl/d of condensate and 376 MTPD of LPG) ▪ Completed a plant debottlenecking project that will increase current plant capacity by 50 MMscf Expansion project update ▪ Ex
Slide 10: 2. Financial Update
2. Financial Update
Slide 11: Financial Highlights
Financial Highlights Gross Revenue ($mm) Gross Profit and EBITDA ($mm) 415 2021 2022 240 2021 2022 400 250 334 202 200 179 300 146 150 200 131 100 76 118 69 64 55 100 50 0 0 9M Q3 9M EBITDA 9M Gross Profit Q3 EBITDA Q3 Gross Profit Adjusted Net Profit ($mm) Net Profit ($mm) Q3 2021 9M 2021 300 279 2
Slide 12: CAPEX & OPEX
CAPEX & OPEX G&A / OPEX ($mm) CAPEX ($mm) G&A OPEX G&A/boe ($/boe) Opex/boe ($/bpe) 4.00 60 60 55 55 2.65 2.54 3.00 2.61 2.28 2.38 2.24 2.38 45 41 41 42 123 40 2.00 127 126 20 91 85 1.00 0.62 0.60 0.54 0.52 0.49 0.52 56 0.41 37 15 12 11 11 9 7 9 0 - 2019 2020 2021 9M 2019 9M 2020 9M 2021 9M 2022 201
Slide 13: Cash Flow, Liquidity & Borrowings
Cash Flow, Liquidity & Borrowings ▪ Positive FCF - $125mm Vs $135mm in 9M Free Cash Flow ($mm) 2021 400 Net Cash In (Operating) Net Cash Out (Capital expenditure) FCF ▪ $214mm cash balance vs. $185mm FY2021; 302 reflecting robust cash management 300 253 196 • $74 mm of cash held at Pearl Petroleum 1
Slide 14: 4. Summary
4. Summary
Slide 15: Summary
Summary ▪ Delivered strong set of operational and financial results • 9M results driven by strong hydrocarbon prices and solid operational performance • Net Profit of $161mm driven by higher realized hydrocarbon prices, strong operational performance in the KRI and the Company’s low-cost base • Robu
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