Clean Energy For the MENA Regions Tomorrow Dana Gas Analyst Presentation 2013 Preliminary Results 03 February 2014 www.danagas.com 1
Presentation Outline The MENA Region and its relevance Dana Gas: Proven Track Record and 2013 Performance Financial Performance Country Operations Summary www.danagas.com 3
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) 70% less CO2 than coal in power generation (old…
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: 2013 Performance Highlights www.danagas.com 6
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…
2013: Several Achievements Despite Several Challenges Higher average production of 64,700 BOEPD vis--vis 2012s average of 59,800 BOEPD - Egypt production at 37,100 BOEPD higher by 14% on a Y-o-Y basis, while KRI production remained…
Dana Gas: 2013 Financial Performance www.danagas.com 9
Financial Highlights: Q4 2013 vs Q4 2012 Percentage (In million) Q4 2013 Q4 2012 Change Gross Revenue 186 151 23 Net Profit 35 31 17 Basic EPS (AED fils) 1.9 1.7 12 Higher production in Egypt (increase of 22%) and resumption…
2013 Y-o-Y Financial Performance Percentage (In million) 2013 2012 Change Gross Revenue 652 633 3 Net Profit 156 165 (5) Basic EPS (AED fils) 8.6 9.1 (5) Gross revenue higher by 3% due to an 8% increase in production Net…
Significant Increase in Production on a Y-o-Y Roundedbasis to nearest hundred Q4 2013 Vs Q4 2012 2013 2012 2013 Vs 2012 80,000 70,000 Production (Boepd) 64,700 68,700 59,800 70,000 60,000 59,800 60,000 50,000 50,000 0.3%…
Billing & Collection (all figures in US mm) Dana Gas Egypt Pearl Petroleum (40%) Receivable - 274 Receivable - 236 Receivable - 515 Receivable - 354 mm mm mm mm 300 200 78% 95% 30% 55% 258 180 172 171 250 163 230 160 140 134…
Dana Gas: Country Business Highlights www.danagas.com 15
Egypt: Business Environment Lack of investments resulting in a declining rate of gas exports whilst the domestic consumption of gas has been increasing Since the recent change of government in mid-2013, Saudi Arabia, Kuwait and the…
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…
Consistent Increase in Nile Delta Production Q2/Q3 INCREASES Q4 INCREASES SAEN RICH GAS START-UP AND RAMP UP SALMA START-UP PRODUCTION OPTIMIZATION IN PRODUCTION FARASKUR OPTIMIZATION IN SAEN Q1 INCREASES SAEN DRY GAS START-UP EW…
Egypt: Nile Delta Operations New Development Leases: El Wastani Balsam ( new ) Begonia (under EGAS discussion) El Basant (Amendment) Sama (Amendment) Production Rate: 39.8 kboepd ( Q4 2013 Avg) Drilling 2013: 5 wells (1 Expl…
Block 6 North El Arish Offshore Opportunity Awarded :April 2013 Area : 2980 sq km Expected final governmental ratification Feb 2014 Seismic acquisition in 2014 1 well commitment in phase 1 Prospective acreage New DL adjacent…
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…
Operations in Kurdistan Region of Iraq Total net production averaged at 27,600 BOEPD during 2013: 130 MMSCFD of natural gas 5700 bbl/d and 325 bbl/d of condensate and LPG, respectively Completed repairs to LPG loading bay…
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 Project Update Project Management team on board Platform fabrication and loadout contract awarded in November 2013 to ADYARD Work in progress for the following: Contract for platform transportation and installation…
Summary www.danagas.com 25
DG Outperformed All Major Global Benchmarks www.danagas.com 26
Summary Track record of project delivery and HSSE performance across geographies Increase in uplift of LPG in KRI following repairs to the loading bay a positive for future profitability Drilling success in 2013 and Block 6 in…
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