Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Investor Presentation (September 2026)
34 slides from Dana Gas Pjsc's investor presentation, September 2026
Slide 1: Cleaner Energy for the Future
Corporate Presentation Cleaner Energy for the Future September 2026
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Dana Gas At a Glance Page 6 3. Why Invest in Dana Gas Page 9 4. Operational Performance Page 11 5. Sustainability Page 21 6. Financial Performance Page 24 7. In Closing Page 33 2
Slide 3: 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 4: 1. Performance Snapshot
CLEANER ENERGY FOR THE FUTURE 1. Performance Snapshot 4
Slide 5: Latest Earnings Update – H1 2026
Latest Earnings Update – H1 2026 Financial Liquidity Net profit +47% to $107m, including Cash balance: $230m (incl. $95m at Strong balance sheet; net cash $48m one-off metering adjustment in Revenue: +51% to $258m including Pearl JV) position Q1 $48m one-off metering adjustment; Collections (DG shar
Slide 6: 2. Dana Gas At a Glance
CLEANER ENERGY FOR THE FUTURE 2. Dana Gas At a Glance 6
Slide 7: Dana Gas At a Glance
Dana Gas At a Glance A growth-focused regional gas company listed on the Abu Dhabi Securities Exchange What We Do Where We Operate By the Numbers* Produce and deliver domestic Market Cap Net production ** gas, condensate and LPG to the KRI and Egypt, supplying critical TURKEY Kurdistan Region of Ira
Slide 8: Group Structure
Group Structure Strategic partnerships anchored in Pearl Petroleum Dana Gas PJSC Pearl Petroleum, formed in 2009 by Crescent Petroleum and Dana Gas, is a five-shareholder partnership, including four listed entities across Europe and the Middle East. 100% 100% Established in 2009 by Crescent Petroleu
Slide 9: 3. Why Invest in Dana Gas
CLEANER ENERGY FOR THE FUTURE 3. Why Invest in Dana Gas 9
Slide 10: Why Invest in Dana Gas
Why Invest in Dana Gas Strong cash generation, sustainable shareholder returns and multiple sources of long-term value creation 2P gas reserves of over 1 billion boe net to Dana Gas World-class gas reserves; 1 Huge production growth potential 50% processing capacity increase in KRI in 2026; reached
Slide 11: 4. Operational Performance
CLEANER ENERGY FOR THE FUTURE 4. Operational Performance 11
Slide 12: KRI: World Class Assets and Low-Cost Production
KRI: World Class Assets and Low-Cost Production Partnering to deliver energy security for the Kurdistan Region of Iraq Pearl Petroleum holds 100% WI in the PDA covering Khor Mor, Chemchemal, and exploration Blocks 19 & 20 Khor Mor is producing; Chemchemal is in appraisal phase Khor Mor and Chemchema
Slide 13: Years of Reliable Production; Significant Growth Potential
18 Years of Reliable Production; Significant Growth Potential KM250 has increased Khor Mor processing capacity by 50%, providing significant production upside as utilisation increases KM250 to increase production capacity by 50% to 750 MMscf/d 1100 1000 Second bypass Reached First bypass project pro
Slide 14: KRI: Proven Capacity with Significant Growth Potential
KRI: Proven Capacity with Significant Growth Potential Expanded processing capacity and strategic demand provide significant production and cash flow potential KM250 Capacity Delivered and Proven; Maintain Strategic Role in Regional Collections and Receivables Remain a Key Continuing to Grow Organic
Slide 15: KM250: Completed Ahead of Schedule, Platform for Future Growth
KM250: Completed Ahead of Schedule, Providing a Platform for Future Growth 50% increase in processing capacity demonstrated, with further utilisation potential Delivering Step-Change in Capacity and Cash Flow Project completed and commissioned in October 2025, eight months ahead of the revised sched
Slide 16: KM250: Additional Site Images
KM250: Additional Site Images 16
Slide 17: Chemchemal: High-Impact Growth Beyond KM250
Chemchemal: High-Impact Growth Beyond KM250 Appraisal underway for Pearl’s second gas field in the KRI. Long-term potential comparable in scale to Khor Mor. Chemchemal Project Highlights Reserves Overall Field Layout Stage: Estimated total volume initially Field development plan approved by the KRG
Slide 18: Egypt: Trusted Deliverer
Egypt: Trusted Deliverer 19 years of reliable gas supply, contributing to Egypt’s energy security and domestic market stability Egypt Offers Diversified Production and Cash Flow Dana Gas Egypt (DGE) has been operating in Egypt since 2007; currently the 7th largest gas producer in the country Current
Slide 19: Egypt: Unlocking Value Through Focused Reinvestment
Egypt: Unlocking Value Through Focused Reinvestment Investment programme delivering production growth and encouraging drilling results $100 million, two-year programme launched following signing of Historical Production Profile kboepd Consolidated Concession Agreement (2024) • Programme focused on s
Slide 20: UAE Gas Project – Material Monetization Opportunity
UAE Gas Project – Material Monetization Opportunity Arbitration process underway with confirmed first arbitration award of $607 million and significant additional claim in progress The UAE Gas Project involves the purchase of 600 MMscf/d imported gas sourced from the National Iranian Oil Company (NI
Slide 21: 5. Sustainability
CLEANER ENERGY FOR THE FUTURE 5. Sustainability 21
Slide 22: Delivering Measurable Sustainability Impact Across Our Operations
Delivering Measurable Sustainability Impact Across Our Operations Dana Gas reported a carbon As the main domestic gas We are committed to safe, We continue to focus on intensity of 13.03 kg supplier in the KRI and a responsible operations, emissions management CO2e/boe in 2025, reflecting long-stand
Slide 23: Delivering Measurable Sustainability Impact (contd.)
Delivering Measurable Sustainability Impact Across Our Operations (contd.) 2025 sustainability performance highlights Performing Responsibly Safeguarding Our Workforce and Assets Contributing to In-Country Value Significant spills over Voluntarily offset CO2e Lost-Time Incident free at Safety observ
Slide 24: 6. Financial Performance
CLEANER ENERGY FOR THE FUTURE 6. Financial Performance 24
Slide 25: Production
Production Group production broadly stable as Egypt growth offset KRI disruption; Egypt production up 7% YoY; second consecutive quarter of production growth Average Production H1 2025 vs H1 2026 (kboe/d) Quarterly Breakdown of Production kboe/d 52.8 52.9 LPG 51.5 52.7 LPG 5.3 5.3 5.5 Condensate 5.2
Slide 26: Realized Prices
Realized Prices Egypt benefited from higher oil prices (condensate +29% and LPG +52%) KRI condensate prices constrained due to discounted pricing dynamics in Iraq; LPG stable under annual contracts; gas price increased by 11% to $4.1 per mmBtu Average Realized Price – Condensate $/bbl Average Realiz
Slide 27: Revenue Highlights
Revenue Highlights Revenue increased to $258m (+51%), driven by a $48m one-off gas metering adjustment for the period November 2018 to March 2024 that was booked in Q1. Underlying revenue +$39m YoY, mainly due to higher realized hydrocarbon prices higher production in Egypt and higher sales gas volu
Slide 28: Profit Highlights
Profit Highlights Net profit +47% YoY, driven by $48m gas metering adjustment Underlying net profit lower, reflecting higher operating and financing costs post-KM250 completion, alongside temporary disruptions in March and April. Effect on profitability expected to moderate as utilisation increases
Slide 29: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Cost base reflects KM250 start-up and Egypt drilling activity OPEX and G&A remain efficient and within top quartile around $4.0/boe Higher operating, depreciation and finance costs following KM250 completion; H1 reflects first full quarter of these costs, while revenue
Slide 30: Balance Sheet Evolution
Balance Sheet Evolution Low corporate leverage maintained over last decade; Pearl project debt supporting future expansion Strong balance sheet with low leverage and Dana Gas Borrowing Evolution $mm Dana Gas Corporate Debt DG Share of Pearl Project Finance Cash net cash position 350 291 Cash balance
Slide 31: Receivables and Collections
Receivables and Collections Egypt receivables fully settled; KRI collections remain key priority Collections of $168m vs $120m in H1 2025 Full Year H1 2026 2025 Egypt (168% Realization) Egypt (194% Realization) KRI 150 80 64 • 78% collection realisation in 99 60 100 H1 2026 59 40 33 • Received $61m
Slide 32: 7. In Closing
CLEANER ENERGY FOR THE FUTURE 7. In Closing 32
Slide 33: Focused on Delivering Growth, Strengthening Cash Flow and Creating Shareholder Value
Focused on Delivering Growth, Strengthening Cash Flow and Creating Shareholder Value 2026 Delivery Priorities Continue to Create Shareholder Value Progressively ramp up monetisation from KM250 as operating Significant production and cash flow potential from higher KM250 conditions normalise utilisat
Slide 34: Contact Us
Contact Us Dana Gas PJSC P. O. Box 2011, Sharjah, UAE E-mail [email protected] Direct +971 6 519 4401 www.danagas.com
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