Clean Energy For MENA Regions Tomorrow Dana Gas Investor Presentation September 2013 www.danagas.com 1
Presentation Outline MENA Region and its relevance Dana Gas: Brief Overview Recent Performance Country Operations Valuations Summary www.danagas.com 3
Focused on a region that holds the largest share of global conventional oil & gas reserves and production Proved Gas Reserve (2012) Global Gas Production (2012) 6614 Tcf 118 Tcf p.a Proved Oil Reserve (2012) Global Oil…
Natural Gas has the potential to become the Fuel of Choice for the growing energy demand in MENA Increased demand for denuclearization Global Population Trends (Source: UN) 70% less CO2 than coal in power generation (old plants)…
Focused on growing domestic demand in MENA MENA Primary Energy Demand MENA Country Primary Energy Mixes3 (Source: EIA) (Source: BP Statistical Review 2013 & IEA Data) CAGR of gas consumption 7% Percentages represent gas…
Dana Gas: A Brief Overview www.danagas.com 7
Independent E&P company listed on the ADX Dana Gas is a MENASA focused gas Dana Gas is operating at the heart of the Worlds independent headquartered in the UAE Largest Hydrocarbon region Dana Gas is quoted in the UAE stock…
Board of Directors consisting of luminaries from the MENA region provide unparalleled access to key markets Sheikh Sultan Bin Ahmed Dr. Tawfeeq Al Moayed Dr. Adel Al Sabeeh Al Qasimi Deputy Chairman Hamid Jafar Ahmed Al Arbeed…
Board of Directors consisting of luminaries from the MENA region providing unparalleled access to key markets Ahmed Al Midfaa Abdullah Al Majdouie UAE Varouj Nerguizian Nasser Al Nowais Salah Al Qahtani SAUDI ARABIA Chairman of…
Portfolio with substantial upside www.danagas.com 11
Proven track record based on top class exploration, accelerated development and inorganic opportunities Value Delivery Model Drill bits success Nile delta exploration success Reserve growth Exploration Nile Delta Exploration…
Top-class Management Team Patrick Allman-Ward Rashid Al Jarwan CEO Robinder Singh Executive Director IR Director Over 30 years in Oil & Gas. Prior Over 35 years in Oil & Gas, held to joining Dana Gas, held senior Over 25 years…
Largest independent gas producer amongst regionally owned peers Reserve Ranking of MENA region owned Independent E&P companies 1400 (Source: Woodmac) WI Commercial and Technical Reserves Technical 1200 Commercial 5…
Doubled Reserves and Production in 5 years Dana Gas Reserve Growth (Egypt + UAE) 200 2P Reserves (mmboe) 160 120 80 40 0 2007 2008 2009 2010 2011 2012 Dana Gas Production Profile 70 Iraq 60 WI Production…
Key Financial Metrics have doubled in 5 years Revenue: Profit After Tax: Operations Cash Flow: EBITDAX: www.danagas.com 16
Dana Gas: Recent Performance Highlights www.danagas.com 17
1H 2013 Performance Highlights HSSE Strong focus continues across the group with improvements across all performance metrics Production Group production up at 61,500 BOEPD, marginally higher on a year-on-year basis In Egypt,…
1H 2013 Financial Performance Percentage (In million) 1H 2013 1H - 2012 Change Gross Revenue 296 342 (13) Net Profit 93 105 (11) EBITDAX 168 220 (24) EPS (AED fils) 5.2 5.8 (10) Decline in revenue mainly due to lower hydrocarbon…
Dana Gas: Country Business Highlights www.danagas.com 20
Egypt: Business Environment Economic and political situation likely to stabilize with wider relations with the international investment community - over 12 billion in support by Saudi Arabia, UAE and other Gulf Arab states seen as a…
Meaningful position in rich hydrocarbon zones in Egypt 20 Egypt Proved Oil and Gas 18 Gas Reserves History Oil and Gas Reserves, Bn boe 16 Egypt has managed c. Dana Gas focus area in Egypt 14 Oil 100% reserves 12 replacement…
Egypt: Nile Delta Operations Discoveries: Begonia -1 tested 1.6 kboed El Wastani Reserves estimated at 15 bcf New Development Leases: Sama Amendment (West Sama) El Basant Amendment (Allium) Balsam Begonia Begonia 1 New Fields…
Largest gas producer in high-potential Kurdistan Region of Iraq Oil Resource Potential Gas Resource Potential (Source: ANP,MNR,USGS) (source: MNR, ANP, Songas) 70 Resource Potential 60 120 Gas Resource Potential 50 100…
Kurdistan Operations Total net production averaged at 27,300 BOEPD during 1H 2013: 130 MMSCFD of natural gas 5730 Bbl/D of condensate Enhanced bench strength by placing key positions Completed engineering, fabrication,…
UAE: Zora Project Update Project scope includes the following: Offshore platform Offshore & Onshore Pipeline (35 km offshore & 2.5km onshore Gas Treatment Onshore Plant (to receive 40 MMSCFD of gas and 300 bbl/day associated…
EV and Production valuation relative to peers Enterprise Value vs. Production EV (bn) H1 2013 Production (kboepd) 16.3 7.5 5 100 H1 2013 Production (kboepd) 90 Enterprise Value ( bn) 4 80 70 3 60 50 2 1.6 40 30 1…
Summary Strong operational track record of organic and inorganic growth across the natural gas value chain Unique composition of the Board of Directors provide unparalleled access to the resource-rich MENA region Track record of…
Reach Us: Dana Gas PJSC P. O. Box 2011, Sharjah, UAE www.danagas.com E-mail : rsinghdanagas.com Direct : +971 6 519 4401 Fax : +971 6 556 6522 www.danagas.com
Back-up Information www.danagas.com
HSSE: On Track to Outperform 2012 - a turning point for Dana Gas with several lessons learnt. We implemented new strategies that resulted in the following: All three operating areas have shown improvements in HSE performance On…
Achieved significant success in Egypt following a successful acquisition Dana Gas has added c.140 mmboe of reserves since acquisition in Exploration Success Ratio 2007 80% Exploration Success (%) 70% Centurion 2P reserves were…
Holder of meaningful resources in the prospective gas prone areas of KRI Gas Resource Holders in KRI (Source: Woodmac, Aug 2013) 14 Khor Mor & ChemChemal Gas Fields are located in the Gas Resources (in TCF) gas prone region of KRI 0…
Rich gas producer focussed on domestic gas supply and maximising yield through condensate and liquid extraction Pearl Petroleum Company Ltd ownership: Dana Gas Resources in KRI Dana Gas 40% (Source: Woodmac) Crescent Petroleum 40% 600…
Established itself as a key onshore gas player in Egypt Reserve holders in Egypt 3.6 2.1 (source: Woodmac) 2.0 WI Commercial & Technical 1.8 Technical Commercial 1.6 Reserves, bn boe 1.4 1.2 1.0 0.8 0.6 0.4 0.2…
Significantly undervalued relative to listed peers in international markets P/E ranking of Dana Gas Peers (Source: Bloomberg Consensus 03rd Sep 2013) 45 40 2013e 35 2014e 30 25 P/E (X) 20 15 10 5 0…
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