Clean Energy For the MENA Regions Tomorrow Dana Gas Investor Presentation November 2013 www.danagas.com 1
Presentation Outline The MENA Region and its relevance Dana Gas: A 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 fast becoming the Fuel of Choice for the growing energy demand in MENA and else where Growing economies fueling demand for Global Population Trends energy (Source: UN) Increased demand for denuclearization 70% less CO2…
Fast 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 consumption…
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 Dr. Adel Al Sabeeh Sheikh Sultan Bin Ahmed Dr. Tawfeeq Al Moayed Ahmed Al Arbeed Chairman Al Qasimi Deputy Chairman…
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…
International and Experienced Management Team Patrick Allman-Ward Rashid Al Jarwan Mark Fenton CEO Robinder Singh Executive Director DGE General Manager IR Director Over 30 years in the Oil & Gas business. Held senior roles at…
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…
Key Financial Metrics have doubled in 6 years Revenue: Profit After Tax: Operations Cash Flow: EBITDAX: www.danagas.com 15
Dana Gas: Recent Performance Highlights www.danagas.com 16
3Q/9M 2013 Performance Highlights Production Group production up at 63,400 BOEPD, up by 6% on a year-on-year basis In Egypt, total production up 16% to 36,100 BOEPD and in July 2013 achieved highest production (39,000 BOEPD) since…
9M 2013 Financial Performance Percentage (In million) 9M 2013 9M 2012 Change Gross Revenue 466 482 (3) Net Profit 121 134 (10) EBITDAX 261 311 (16) EPS (AED fils) 6.7 7.5 (11) Higher production in Egypt offset by lower…
Dana Gas: Country Business Highlights www.danagas.com 19
Egypt: Business Environment Economic and political situation appears to be gradually stabilizing Egyptian government continues to confirm its commitment to subsidy removal including implementation plans for high consumption…
Meaningful position in rich hydrocarbon zones in Egypt 20 Egypt Proved Oil and Gas 18 Reserves History Oil and Gas Reserves, Bn boe Gas 16 Egypt has managed c. Dana Gas focus area in Egypt 14 Oil 100% reserves 12 replacement…
Egypt: Nile Delta Operations New Development Leases under Ministerial approval: El Basant Amendment (Allium) El Wastani Balsam Begonia Av. Production Rate (3Q13): 39.4 kboepd luca (+14.7%) Projects in Progress: El Basant…
Largest Investor and 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…
Rich gas and condensate producer with strong growth track record Kor Mor Field Production, Dana Gas net share www.danagas.com 24
Operations in Kurdistan Region of Iraq Total net production averaged at 27,133 BOEPD during 3Q 2013: 132 MMSCFD of natural gas 5,210 Bbl/D of condensate Completed the new LPG loading bay resulting in restoration of the…
Dana Gas Kurdistan Assets Substantial Resources Upside* Pearl Petroleum appointed Gaffney, Cline & Associates Limited (GCA), to provide an estimate of hydrocarbons in-place as at 31st December, 2012 for both the Khor Mor and…
UAE: Zora Gas Field Development Update Proven shallow water Gas Field across Sharjah & Ajman Long term concession agreement in place Project scope includes the following: Offshore platform Offshore & Onshore Pipeline (35 km…
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 40 1.6 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 and network of relationships providing unparalleled access to the resource-rich…
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 Performance Metrics Exceeding targets in all aspects of HSE : On track to beat all the HSE metrics on our Group scorecard, but do not under estimate what needs to be done to maintain this level of…
Achieved significant success in Egypt following a successful acquisition Dana Gas has added c.140 mmboe of reserves since Exploration Success Ratio acquisition in 2007 80% Exploration Success (%) 70% Centurion 2P reserves were…
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 Reserves, bn boe 1.6 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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