Pakistan Refinery Limited · PSX:PRL
Pakistan Refinery — Shareholder Meeting (November 2024)
15 slides from Pakistan Refinery's shareholder meeting presentation, Nov 29, 2024
Slide 1: Corporate Briefing Session for the year ended June 30, 2024
Pakistan Refinery Limited Annual General Meeting October 29, 2022 CORPORATE BRIEFING SESSION for the year ended June 30, 2024 November 29, 2024
Slide 2: Company Overview
COMPANY 2 OVERVIEW
Slide 3: Corporate Profile
CORPORATE PROFILE SATELLITE VIEW OPERATIONAL NETWORK • Type: Hydro Skimming • Commissioned Major products Shareholding Area o October 1962 o HSD o PSO – 63.56% 200 acres • Design throughput: o MS specifically granted o 2.1 MMT/year o Exxon, Shell, o HSFO o Others – 36.44% Burmah & Caltex for setting
Slide 4: Financial Performance
FINANCIAL PERFORMANCE 4
Slide 5: Statement of Profit or Loss
Statement of Profit or Loss for the year ended June 30, 2024 (Rupees in thousand) Year ended REVENUE June 30, June 30, (Rs. in billion) 2024 2023 350 306 300 262 Revenue from contracts with customers 305,539,679 261,860,404 250 191 Cost of sales (290,446,434) (254,559,762) 200 Gross profit 15,093,24
Slide 6: Achievements
Achievements HSD Production MS-92 Production MS-95 Production Opportunity crude Turnaround Best Corporate Award 3rd highest annual Highest annual For the year: Procurement of Successfully Secured 5th production: production: 16,005 MT (0.14 opportunity crudes completed planned Position in the Fuel 66
Slide 7: Crude Intake for last 6 years
Crude Intake for last 6 years CRUDE INTAKE FOR LAST 6 YEARS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 ADNOC crudes Aramco crudes KPC crudes Others Local 7
Slide 8: Production Mix for last 6 years
Production Mix for last 6 years PRODUCTION MIX FOR LAST 6 YEARS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 High Speed Diesel Motor Spirit (Petrol) Jet / Kero / Naphtha / LPG Marine Residual Fuel Furnace Oil 8
Slide 9: Summarised Statement of Financial Position
Summarised Statement of Financial Position as at June 30, 2024 (Rupees in thousand) 2024 2023 Assets, Liabilities and Net Equity 120 (Rs. in billion) 30 ASSETS Non-current assets 100 25 Property, plant and equipment and intangibles 30,666,309 28,571,602 80 20 Other non-current assets 110,634 254,665
Slide 10: Refinery Expansion & Upgrade Project
REFINERY EXPANSION & UPGRADE PROJECT
Slide 11: Objectives of Refinery Expansion and Upgrade Project
Objectives of Refinery Expansion and Upgrade Project Refinery Expansion and Upgrade Project (REUP) has the following objectives: • Production of EURO V compliant HSD and MS/Petrol. • Installation of Deep Conversion Refinery Technology to reduce production of HSFO. • Expansion of capacity from 50,000
Slide 12: Changing Shape of the Product Barrel
Changing Shape of the Product Barrel Naphtha Gasoline 7% 9% Gasoline LPG JP1 34% 7% 3% JP1 Others 12% 2% Propylene 4% Current Post upgrade @ 50 kbpd @ 100 kbpd Naphtha 4% HSFO HSD 41% 28% LPG 4% HSD 45% 12
Slide 13: Project Milestones
Project Milestones 2023-24 2024-25 2025-26 2026-27 2027-28 Project milestone Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Completion of FEED study Submission of EPC-F Bids Selection of EPC-F Contractor Award of EPC contract & Financial close EPC phase and project commissioning ❖ Pre-q
Slide 14: Refining Policy Incentives
Refining Policy Incentives 10% duty incentive 2.5% duty incentive Incentives available for 7 through Motor Spirit (Petrol) through High Speed Diesel years (up to November 2030 pricing pricing for PRL) Gross amount of incentives REFINING 7.5% Deemed duty will capped at 27.5% of project POLICY continu
Slide 15: Thank You
Thank You 15
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