The Middle Easts Leading Private Sector Natural Gas Company 2013 Quarter 1 Results Presentation May 2013 www.danagas.com 1
Presentation Outline First Quarter 2013 Performance Highlights Financial Performance Average Realized Prices Net Profit Trade Receivables Analysis Business Performance Egypt Kurdistan Summary www.danagas.com 3
Performance Highlights Production up at 61,200 BOEPD, up 3% on Q-o-Q basis; marginal decline (3%) on Y-o-Y basis Further upside in Egypt as newly discovered wells and compression facilities are being brought on stream LPG production…
Profit After Tax Bridge Q1 2013 Vs Q1 2012 80 70 1 2 6 60 4 50 9 40 38 30 66 30 56 20 4 4 10 0 Q1 2012 Profit Revenue - Price Revenue - Royalty & Tax COS and DD&A Investment & Finance cost Provision for Change…
Production Q1 2013 Vs Q1 2012 Production (Boepd) Rounded to nearest hundred 70,000 61,400 63,000 60,000 50,000 40,000 33,700 34,500 30,000 27,700 28,500 20,000 10,000 0 Total Egypt Kurdistan (40% WI) Includes Gas…
Production Q1 2013 Vs Q4 2012 Production (Boepd) Rounded to nearest hundred 70,000 61,400 59,700 60,000 50,000 40,000 33,700 32,800 30,000 27,700 26,800 20,000 10,000 0 Total Egypt Nile Kurdistan (40% WI) Egypt Komombo…
Trade Receivables As of 31 March 2013 (all figures in US mm) 400 380 354 300 236 236 200 100 9 9 0 Dana Gas Egypt PPCL UGTC Q1 2013 Q4 2012 www.danagas.com 12
Billing & Collection As of March 2013 (all figures in US mm) Dana Gas Egypt Pearl Petroleum (40%) 95% 55% 300 180 171 163 258 160 250 140 200 120 US Million US Million 100 150 143 80 100% 60 100 56% 41 41 57…
Business Performance - Egypt www.danagas.com 14
Egypt Business Environment Egypt Government announced a new licensing policy for future oil and gas exploration contracts that will allow Egypt to obtain a bigger share of the production. The new policy will not impact the 8 oil and…
Egypt: Q1 2013 Results Discoveries: Begonia -1 potential under evaluation; full interpretation of testing results expected to be completed by Q2 2013 New Development Leases: - Sama Amendment (West Sama) - El Basant Amendment…
EBGDCO: Q1 2013 Results Production: Gas plant throughput started averaged 75 MMSCFD until February 2013 since when it is averaging 85-90 MMSCFD Extensive communication with the Ministry and EGPC ongoing to achieve the contracted…
Business Performance Kurdistan, Iraq www.danagas.com 18
Kurdistan, Iraq: Q1 2013 Results Pearl Petroleum Company Ltd ownership: Dana Gas 40% Q1 2013 RESULTS & PLANS Crescent Petroleum 40% OMV 10% MOL 10% Production via: Early Production Facility Train 1 & 2 Gas production 320 330…
UAE Project www.danagas.com 20
Sharjah Western Offshore Concession Zora Gas Field discovered in 1979 Development Plan of 140 million includes: Install platform and 25km flow-line Gas processing plant onshore Re-entry of existing wells and/or drilling of one…
Summary www.danagas.com 22
Summary Upside in production as new discoveries and compression facilities come on stream in Egypt Significant enhancement in price realization going forward: LPG production comes back on stream in Kurdistan, Iraq Increase in gas…
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