Kot Addu Power Co. Ltd. · PSX:KAPCO
Kot Addu Power — Investor Presentation (October 2020)
20 slides from Kot Addu Power's investor presentation, Oct 28, 2020
Slide 1: Kot Addu Power Company Limited Corporate Briefing Session
Kot Addu Power Company Limited CORPORATE BRIEFING SESSION 28-Oct-2020
Slide 2: Disclaimer
➢ The information contained in this presentation is given without any liability whatsoever by KAPCO or their respective members, directors, officers or employees (collectively “KAPCO") for any loss whatsoever arising from any use of this presentation or its contents or otherwise. ➢ Unless otherwise
Slide 3: Index
Index 1 Power Sector Overview 2 Overview of Kot Addu Power Company Ltd 3 Operational Performance 4 Financial Performance 5 Questions & Answers.
Slide 4: Pakistan Power Sector – State of the Industry
Pakistan Power Sector – State of the Industry During last 5-6 years, over 10,000 MW of power generation has been added in the system, however, overall energy planning remained fragmented across the energy supply chain, with little focus on reducing losses and upgrading Transmission and Distribution
Slide 5: Power Sector of Pakistan: Key Challenges
Power Sector of Pakistan Key Challenges of Power Sector ◼ Significant addition to power generation based due to PKR devaluation and expected to Circular Debt on GDP growth of 5%-6% but actual GDP is less increase to Rs. 1.59 trillion by 2024-25 than 2% ◼ Line losses due to out-dated infrastructure,
Slide 6: Overview of Kot Addu Power Company Ltd
1 Power Sector Overview 2 Overview of Kot Addu Power Company Ltd 3 Operational Performance 4 Financial Performance 5 Questions & Answers.
Slide 7: Overview of KAPCO
Overview of KAPCO Largest Single IPP and No of shareholders > Only Tri-Fuel Power ~3% of Country’s Combined Cycle Plant Self Managed O&M 61,000 Plant Generation * in Pakistan (Market Cap. Rs 25B) Ownership of 132 kV Among Top 10 Global ~6% of IPPs Ability to self start in Total Revenue > Rs 71 and 2
Slide 8: Strong Shareholder Base
Strong Shareholder Base Shareholding Structure Remarks BESOS 5% ◼ In 1996, WAPDA divested its 36% holding to National Power of UK through International Competitive Bidding ◼ In 2005, another 18% shares were sold to general public through IPO WAPDA ◼ In 2012, strategic investor sold its entire shareh
Slide 9: KAPCO Power Complex
➢ 10 Gas Turbines, 10 HRSG, 5 Steam Turbines KAPCO Power Complex ➢ ➢ 27 Oil Storage Tanks (Total Capacity ~ 200KT) 6 FOTPs ➢ State of the art workshops ➢ Switch Yards ➢ Black Start Diesel Generator ➢ 5 number 100 MVA auto transformers (220kV/132kV). Replacement of 2 old transformers with one new 200
Slide 10: KAPCO Residential Complex
➢ Over 800 Houses ➢ 2 Community Centres ➢ 3 Mosques KAPCO Residential Complex ➢ ➢ 2 Markets Guest Houses ➢ Cricket/ Football Grounds
Slide 11: Corporate Social Responsibility
Corporate Social Responsibility ➢ Installation of two water filtration plants for supply of clean to the local community of Kot Addu. ➢ Distribution of 1,000 ration bags to needy people of Kot Addu and adjoining areas ➢ Donation of PPE’s i.e. surgical face mask, gloves and doctors’ protective kits t
Slide 12: Operational Performance
1 Power Sector Overview 2 Overview of Kot Addu Power Company Ltd 3 Operational Performance 4 Financial Performance 5 Questions & Answers.
Slide 13: Technical Performance
TECHNICAL PERFORMANCE GENERATION & LOAD FACTOR FUEL MIX (GENERA TI O N ) 10000 62.4 63.3 70.0 9000 59.0 100% 1.0 0.3 0.2 55.8 60.0 3.5 3.3 3.2 8000 7,335 7,437 6,934 80% 42.4 28.7 27.2 7000 6,583 50.0 42.2 62.6 PERCENTAGE 6000 40.0 60% 84.2 80.8 4,961 GWH 5000 29.5 4000 3,477 30.0 40% 71.0 72.6 56.6
Slide 14: Financial Performance
1 Power Sector Overview 2 Overview of Kot Addu Power Company Ltd 3 Operational Performance 4 Financial Performance 5 Questions & Answers.
Slide 15: Financial Performance
Financial Performance REVENUE AND GENERATION 30 DIVIDEND PAYOUT 26.83 90,000 6,934 7,335 7,437 8,000 6,583 80,000 25 7,000 70,000 4,961 83,784 73,964 6,000 20 RS. PER SHARE 60,000 3,477 RS. IN MILLION 64,024 5,000 14.90 50,000 15 GWH 64,693 4,000 11.13 12.06 40,000 46,528 10.31 10.73 3,000 10 9.00 9
Slide 16: Financial Position
Financial Position Net Liquid Assets 2019-20 Non Current Other Liablities, Assets 6.3 Current 4.1 Liabilities 65.7 Non Current Liabilities 8.5 Bank Facilities, 44.1 Net Liquid Assets, 60.7 Equity 60.4 Current Assets 130.4 SNGPL Payable, 1.7 PSO Payable, 13.5 • Current Assets mainly include Receivabl
Slide 17: Financial Performance: 2019 vs. 2020
Financial Performance: 2019 vs. 2020 Rs. in million 2019-20 2018-19 % Change Generation (GWh) 3,477 4,961 30% Revenue - EPP 45,894 64,693 29% Revenue - CPP 25,650 20,138 27% Gross Profit 21,478 14,205 51% Gross Profit % 30.0% 16.7% 79% Net Profit 23,613 13,112 80% Net Profit % 33.0% 15.5% 114% EPS (
Slide 18: PPA Renewal & Liquidated Damages
PPA Renewal & Liquidated Damages PPA Renewal Liquidated Damages ❖ Current PPA of KAPCO is for 25 years, expiring in Jun-2021 ❖ WAPDA imposed Liquidated Damages (LDs) on Company amounting ❖ As per stipulations of PPA relating to renewal, Company has to Rs. 27.7 billion treating it as ‘Forced Outage’
Slide 19: Questions & Answers
1 Power Sector Overview 2 Overview of Kot Addu Power Company Ltd 3 Operational Performance 4 Financial Performance 5 Questions & Answers.
Slide 20: Thanks
Thanks
Kot Addu Power Company — Investor Presentation (October 2020) on 6ix