Sitara Energy Limited. · PSX:SEL
Sitara Energy — FY2022 Earnings Presentation
10 slides from Sitara Energy's earnings presentation, Nov 25, 2022
Slide 1: Corporate Briefing Session for the Year Ended June 30, 2022
Sitara Energy Limited Corporate Briefing Session For The Year Ended June 30, 2022 November 25, 2022
Slide 2: Presentation Outlines
Presentation Outlines 1- Review of 2022 2- Operating Results/Highlights 3- Future Challenges/Problems 4- Future strategy 5- Question /Answer Session
Slide 3: Review of 2022
Sitara Energy Limited Review of 2022 • Average RFO price remained too high at Rs. 138,411 PMT (including GST) during the year 2022 in comparison with that of last year 2021 at Rs. 77,736 PMT (including GST), that is, 78% increase. • Average RLNG Price also remained too high at Rs 2,788 MMBTU during
Slide 4: Review of 2022: Textile sector subsidies
Sitara Energy Limited Review of 2022 • Textile Sector was provided subsidized gas @ 6.5/MMBTU by the government for their captive generation and industrial usage. • Moreover, Textile Sector was also provided subsidized electricity tariff @ 7.5 cent/kwh. • Accordingly, our Bulk Power Consumers either
Slide 5: Review of 2022: Rupee devaluation and interest rates
Sitara Energy Limited Review of 2022 • The country witnessed one of the worst Pak Rupees devaluation leading to increase in all imported stores, spare parts and lubricants. • SBP Policy rate also increased from 7% to 13.75% during the year which increased our finance cost in spite of partial repayme
Slide 6: Operating Results/Highlights
Sitara Energy Limited Operating Results/Highlights 2022 2021 Variance % Generation Kwh 15,375,110 30,916,658 15,541,548 50 Sales revenue Rs 482,311,847 512,634,512 30,322,665 6 Cost of generation Rs 476,833,064 489,481,792 12,648,728 3 Gross profit Rs 5,478,783 23,152,720 17,673,937 76 Other income
Slide 7: Operating Results/Highlights: Generation by year
Sitara Energy Limited Operating Results/Highlights Year Generation Generation (kWh) (MW) 2017-18 212,259,327 24.23 2018-19 69,720,738 7.96 2019-20 57,192,561 6.53 2020-21 30,916,658 3.53 2021-22 15,375,110 1.76
Slide 8: Future Challenges/Problems
Sitara Energy Limited Future Challenges/Problems • The Company is doing its level best for achieving better efficiency in fuels consumption, whenever in operation, and continuously reviewing and minimizing it’s all sort of expenses. • There is no chance of allocation of system gas in view of depleti
Slide 9: Future strategy
Sitara Energy Limited Future strategy • Addition of Solar Power Plant will be viable option in the coming years, subject to requisite approvals by NEPRA etc. • The management is in negotiation with all the lenders for restructuring/rescheduling of credit facilities at concessional markup which will
Slide 10: Question /Answer Session
Sitara Energy Limited Question /Answer Session