Clean Energy For the Future Dana Gas Capital Markets Presentation 2014 Financial Year Results 5th February 2015 www.danagas.com 1
Presentation Outline 2014 Performance Highlights Quarter-on-Quarter Financial Performance Financing Update Egypt Performance KRI and Zora Project New Business Development Summary www.danagas.com 3
Performance Highlights Dr Patrick Allman-Ward Chief Executive Officer www.danagas.com 4
2014 Performance Highlights - 1 Overall DanaGas has delivered a robust financial and operational performance in 2014 against a backdrop of a continuing difficult operating environment from both a geopolitical, macro-economic and…
2014 Performance Highlights - 2 The year end cash balance was 184 million down from 204 mln the previous year. This is substantially better than expected as a result of the higher collections from Egypt, the lower rate of expenditure…
2014 Performance Highlights - 3 The Company also achieved its objectives of accessing material new growth opportunities in 2014 The newly awarded Block 1 (North El Salhiya, DG 100% and Operator) onshore the Nile Delta is expected to…
2014 Performance Highlights - 4 We are also proud of our HSSE and Sustainable Development achievements for the year Our 12 months rolling Total Recordable Injury Frequency (TRIF) is 0.36 compared with 0.37 during the same time period…
Financial Performance Azfar Aboobakar Head - Financial Control & Reporting www.danagas.com 9
2014 Y-o-Y Financial Performance Percentage (In million) 2014 2013 Change Gross Revenue 683 652 5 Net Profit 125 156 (20) Basic EPS (AED fils) 6.6 8.6 (23) Gross revenue for the year was higher by 5% due to increased production…
Financial Highlights: Q4 2014 vs Q4 2013 Percentage (In million) Q4 2014 Q4 2013 Change Gross Revenue 142 186 (24) Net (Loss) / Profit (4) 35 - Basic (LPS) / EPS (AED fils) (0.2) 1.9 - Gross revenue declined to 142 million (AED…
Increase in Production on a Y-o-Y basis Rounded to nearest hundred Q4 2014 Vs Q4 2013 2014 2013 2014 Vs 2013 80,000 80,000 Production (Boepd) 68,700 68,900 70,000 66,300 70,000 64,700 60,000 60,000 50,000 50,000 40,200…
DANA GAS GROUP Trade Receivables (all figures in US mm) In Egypt, the Company received cash of 163 million ( AED 597 million) during 800 2014. This included 60 million received 746 at year end as part of Egypt industry 700…
Financing Update Ranga Kishore Head of Financing www.danagas.com 15
Financing Update Sukuk Related Sukuk Ordinary Sukuk outstanding of 425 million (AED 1,559 million) coupon rate of 9% p.a. Sukuk Convertible Sukuk outstanding of 352 million (AED 1,290 million) coupon rate of 7% p.a. During the year…
Egypt Operations Dr. Mark Fenton General Manager www.danagas.com 17
Egypt: Nile Delta Operations Development Leases: El Onshore acreage consisting of 13 Wastani Development Leases in the prolific Nile Delta region. One additional DL (Begonia) is expected to be approved before end of Q1/2015.…
Gas Production Enhancement Agreement helps Egypt increase production while delivering long term value to Dana Gas Gas Enhancement Project Execution Progress Highlights: 3 rigs currently being secured for drilling start-up by end…
Block 6 North El Arish Offshore Opportunity G&G studies prior to commencing seismic acquisition in Q2-15 Environmental Impact Assessment ahead of seismic operations Seismic reprocessing of vintage 2D seismic data across the…
Newly awarded exploration blocks in Nile Delta enables Dana Gas to build on its core area production and utilising existing infrastructure Blocks 1 & 3 located adjacent to Dana Gas prolific Nile Delta development leases North El…
Egypt Summary Receivables have improved significantly and management is focusing their efforts to further improve cash collections: - Dana Gas received 60 million by end December hence Egypt total collection in 2014 is 210…
KRI and Zora Project Update Paul Gayton Technical Director www.danagas.com 23
Operations in Kurdistan Region of Iraq DG share of production (40%) averaged 28,400 boepd during 4Q 2014: 119 MMscfd of natural gas 5,346 bbl/d of condensate 275 MT/d of LPG The Mol sieve beds for both Kor Mor plant trains…
UAE: Zora Project Update Overall project progress is in line with plans for first gas in 1H 2015 with a capacity of 40 mmscfd (6,650 boepd) Offshore Pipeline 90% complete Offshore platform jacket complete and installation is…
Business Development Duncan Maclean Commercial & BD Director www.danagas.com 26
New Business Development NB Opportunities Funnel Opportunity Ranking Criteria www.danagas.com 27
Summary www.danagas.com 28
Summary It has been a difficult operating environment for all of the reasons that have been identified and yet Dana Gas has continued to deliver excellent operating and financial results This speaks to the quality of our assets, both…
Reach us: Dana Gas 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
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