Nishat Chunian Power Limited · PSX:NCPL
Nishat Chunian Power — Investor Presentation (2022)
12 slides from Nishat Chunian Power's investor presentation, 2022
Slide 1: Nishat Chunian Power Limited Corporate Briefing 2022
NISHAT CHUNIAN POWER LIMITED CORPORATE BRIEFING 2022
Slide 2: Brief History of NCPL
Brief History of NCPL • Incorporation Listed on Stock First year of profita Completed the tenure • Tariff determined by Exchange ble operations of Debt Component NEPRA in Capacity Tariff • EPC, IA and PPA executed 2007 2009 2011 2020 2008 2010 2015 2021 • Financial closing Started commercial Started
Slide 3: NCPL Technology
NCPL Technology Gross Capacity 200.00 MW Net Capacity 195.722 MW Number of Wartsila Finland18V46 Engines 11 Number of PB Steam Turbine 1 Gross Capacity – Engine 16.9 MW Gross Capacity – Steam Turbine 14.0 MW Engine Type W18V46C Generator Type Converteam/ABB Rated Voltage – Generator 15kV Primary Fue
Slide 4: Financial Highlights
Financial Highlights Financials 2022 2021 2020 2019 2018 2017 Description PKR in Millions Revenue 25,416 11,643 13,023 15,021 16,594 16,148 EBITDA 4,334 4,301 7,379 5,941 5,522 5,248 Net Profit 2,505 2,509 4,606 3,417 3,406 3,000 Earnings Description 2022 2021 2020 2019 2018 2017 EPS (PKR/Share) 6.8
Slide 5: Year at a Glance
Year at a Glance Financials 2022 2021 Description PKR in Millions Receivable from Power Purchaser 13,718 20,450 Short term Borrowings 10,852 10,023 Inventory 2,253 869 Operations Description 2022 2021 Electricity units dispatched 882 GWH 538 GWH Capacity Factor 51.47% 31.35% Plant Availability 91.54
Slide 6: Tariff Comparison
Tariff Comparison Capacity Tariff Before And After Debt Component 3.5 3 2.5 1.7436 PKR/KwH 2 0 1.5 0.1529 0.1990 1 0.8309 0.7957 0.5 0.1068 0.1320 0.4234 0.4670 0 2019-2020 2021-2022 (with Debt Component) (without Debt Component) Fixed O&M Insurance ROE & ROEDC Working Capital Cost Debt Component
Slide 7: Impact of revised Agreements with GOP
Impact of revised Agreements with GOP ▪ Payment of outstanding receivables of PKR 14.6 bln paid in 2 installments as below: ❑ PKR 5.85 received on January 06, 2022 ❑ PKR 8.77 bln received on June 30, 2022. ▪ Sharing of savings in fuel efficiency and O&M from financial year 2022 and onwards. ▪ Delaye
Slide 8: Receivables – June 2021 v June 2022
Receivables – June 2021 v June 2022 70.00% 62.74% 60.00% 50.00% 40.2% 40.00% Jun-22 30.00% Jun-21 21.18% 22.1% 20.00% 15.8% 16.08% 13.5% 10.00% 5.7% 2.8% 0.0% 0.00% Not due 0-30 31-90 91-180 181-365 1 to 2 years Above 2 years
Slide 9: Circular Debt – Transmission, Distribution and Recovery Losses
Circular Debt – Transmission, Distribution and Recovery Losses 2021-2022 2.62% 17.13% 9.49% 2020-2021 2.78% 17.95% 2.70% 2019-2020 2.76% 18.86% 11.23% 2018-2019 2.83% 17.61% 9.75% 2017-2018 2.43% 18.32% 12.29% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% Transmission loss Distribution Losse
Slide 10: RFO Generation in the country
RFO Generation in the country 40,000 50.00% 37,108 47.08% 45.00% 35,000 40.00% 30,000 28,159 35.00% 25,000 30.60% 30.00% 20,000 25.00% 17,092 20.00% 15,000 13,826 18.36% 15.47% 10,596 15.00% 10,000 11.96% 7,909 9.79% 10.00% 5,000 5.00% - 0.00% 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 RFO Gene
Slide 11: Thank You!
THANK YOU!
Slide 12: Questions and Answers Session
Questions and Answers Session