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February 2015 Investor Presentation – Dana Gas

Dana Gas · Feb 2, 2015 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2015 Investor Presentation – Dana Gas – slide 1
    Clean Energy For the MENA Regions Tomorrow Dana Gas Investor Presentation February 2015 www.danagas.com 1
  2. February 2015 Investor Presentation – Dana Gas – slide 2
    Presentation Outline Increasing role of gas in MENA Dana Gas Business Profile Country Operations Egypt, KRI and UAE Relative Valuations Summary www.danagas.com 3
  3. February 2015 Investor Presentation – Dana Gas – slide 3
    Gas is the growth fuel of the 21st Century. It has strong environmental credentials, is cost competitive , is accessible and available in abundance Current full lifecycle costs for new-build power generation including externalities…
  4. February 2015 Investor Presentation – Dana Gas – slide 4
    Middle East gas demand is poised for continued growth as the regions population and economy grows in coming decades. GDP Growth of Middle East1 Regional Gas Demand Growth in Last Decade 3,500 CAGR: 8.2% 3,000 500% 162 2,500 2013…
  5. February 2015 Investor Presentation – Dana Gas – slide 5
    MENA region holds ca. 50% of global oil & gas reserves but with limited access. Dana Gas has established presence in both large resource plays and growth market with open access Oil & Gas Proved Reserves 400 (Source: BP Statistical…
  6. February 2015 Investor Presentation – Dana Gas – slide 6
    Dana gas as regional gas integrated player focused on matching resource with markets Gas Resource Holders in Middle East (incl. Egypt) 40 (Total Reserves: c. 82 Tcm) Proved Gas Reserves, tcm 35 Access to Private Capital Based…
  7. February 2015 Investor Presentation – Dana Gas – slide 7
    Dana Gas Business Profile www.danagas.com 8
  8. February 2015 Investor Presentation – Dana Gas – slide 8
    Dana Gas: Independent E&P company listed on the ADX Dana Gas is operating at the heart of the Worlds Dana Gas is a MENASA focused gas Largest Hydrocarbon region independent headquartered in the UAE Dana Gas is quoted in the Abu…
  9. February 2015 Investor Presentation – Dana Gas – slide 9
    Dana Gas works across the gas value chain addressing both domestic and export market needs in MENA region Dana Gas is operating at the heart of the Production Profile worlds largest hydrocarbon bearing region CAGR 13% Reserve &…
  10. February 2015 Investor Presentation – Dana Gas – slide 10
    Consistent growth, delivery and financial performance since 2007 Production Revenue 800 CAGR :13% CAGR: 14% 700 600 USD Million 500 400 690 652 683 300 636 487 200 349 282 311 100 0 2007 2008 2009 2010 2011 2012 2013…
  11. February 2015 Investor Presentation – Dana Gas – slide 11
    Dana Gas: Country Business Highlights www.danagas.com 12
  12. February 2015 Investor Presentation – Dana Gas – slide 12
    Despite a challenging business environment; Egypt gas fundamentals are robust. Dana Gas continuous to play a key role in increasing gas production in the core Nile Delta region Egypt GDP (USD bln) Egypt Primary Energy Demand (mln toe…
  13. February 2015 Investor Presentation – Dana Gas – slide 13
    Dana Gas is the 6th largest operator and 4th largest onshore producer in Egypt 2014 Gas Production Ranking in Egypt 1,000 (* denotes company is an operator) 2014 WI Production, mmcfpd 800 Dana Gas Egypt Credentials: 600 9th…
  14. February 2015 Investor Presentation – Dana Gas – slide 14
    Egypt: Nile Delta Operations Development Leases: El Onshore acreage consisting of 13 Development Leases in the prolific Nile Wastani Delta region. One additional DL (Begonia) is expected to be approved before end of Q1/2015.…
  15. February 2015 Investor Presentation – Dana Gas – slide 15
    Gas Production Enhancement Agreement (GPEA) helps Egypt increase production while delivering long term value to Dana Gas GPEA Project Execution underway Highlights: 3 rigs currently being secured for drilling start-up by end…
  16. February 2015 Investor Presentation – Dana Gas – slide 16
    Block 6 North El Arish Offshore Opportunity G&G studies prior to commencing seismic acquisition in Q4-14 / Q2-15 Environmental Impact Assessment ahead of seismic operations Seismic reprocessing of vintage 2D seismic data across…
  17. February 2015 Investor Presentation – Dana Gas – slide 17
    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 Awarded the…
  18. February 2015 Investor Presentation – Dana Gas – slide 18
    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…
  19. February 2015 Investor Presentation – Dana Gas – slide 19
    Rich gas and condensate producer with strong growth track record Khor Mor Field Production, Dana Gas net share (40%) 30 Gas 3 25 Liquids(Condensate + LPG) Production (kboed) 20 15 10 5 0 www.danagas.com 3.…
  20. February 2015 Investor Presentation – Dana Gas – slide 20
    Khor Mor and Chemchemal are potentially largest gas fields in the KRI and comparable to large scale gas developments in the region Large Gas Developments in MENA (Source: Company disclosure) 60 Gas in Place * (in TCF) 30…
  21. February 2015 Investor Presentation – Dana Gas – slide 21
    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…
  22. February 2015 Investor Presentation – Dana Gas – slide 22
    Dana Gas: Relative Valuations www.danagas.com 23
  23. February 2015 Investor Presentation – Dana Gas – slide 23
    EV and Production valuation relative to peers Enterprise Value vs. Production (2014E) EV (bn) 2014 Production (kboepd) 10 100 9 90 8 80 WI Production (kboepd) Enterprise Value ( bn) 7 70 6 60 5 50 4 40 3 30 2 20 1…
  24. February 2015 Investor Presentation – Dana Gas – slide 24
    Significantly undervalued relative to peers EV/EBITDA P/E 14 120 12 100 EV/EBITDA 2015e (x) P/EPS 2015e (x) 10 80 8 11.6 60 6 Mean* 5.9 109.7 4 8.1 40 Mean * 30.5 6.7 2 5.1 4.1 4.0 20 40.3 2.1 20.0 17.0 3.5 13.5 9.2 0…
  25. February 2015 Investor Presentation – Dana Gas – slide 25
    Dana Gas has mostly outperformed International and Middle Eastern (ME) peers since Jan 2013 International Peers ME Peers 150% 150% Dana Gas +3% DNO International +35% Dana Gas +3% Lundin Petroleum -44% Petroceltic -15% Premier…
  26. February 2015 Investor Presentation – Dana Gas – slide 26
    Summary www.danagas.com 27
  27. February 2015 Investor Presentation – Dana Gas – slide 27
    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…
  28. February 2015 Investor Presentation – Dana Gas – slide 28
    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 29

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