Pakistan Petroleum Limited · PSX:PPL
Pakistan Petroleum — Investor Presentation (November 2021)
20 slides from Pakistan Petroleum's investor presentation, Nov 22, 2021
Slide 1: Corporate Briefing Session Financial Year 2020-21
Pakistan Petroleum Limited Corporate Briefing Session Financial Year 2020-21 November 22, 2021 1
Slide 2: Contents
Contents • Disclaimer • Our Footprint & Group Structure • Operational Overview • Financial Overview • Outlook & Challenges • Q&A 2
Slide 3: Disclaimer
Disclaimer Pakistan Petroleum Limited (“PPL / Company”) has prepared this presentation solely for the purposes of information, providing herein an overview of the operations of the Company. The information herein is not intended to provide any guidance on dealing in the shares of the Company. The Co
Slide 4: Our Footprint and Group Structure
4 Our Footprint and Group Structure 4
Slide 5: Our Portfolio
Our Portfolio Portfolio Producing fields PPL Operated 09 Partner Operated 13 Total 22 Exploratory blocks PPL Operated 26* Partner Operated 18** Total 44 *including Block-8 in Iraq being operated by PPL Asia and Offshore Block 5 in Abu Dhabi being operated by PIOL **including 2 offshore blocks in Pak
Slide 6: Capital & Shareholding and Group Structure
Capital & Shareholding The authorized capital of the Company is Group Structure PKR 35 billion. The subscribed capital of the Company is PKR 27.21 billion. is principally engaged in conducting exploration, PPL Europe E&P prospecting,Pakistan PPL Asia E&P B.V. develop International Limited (PPLE) - O
Slide 7: Pakistan Energy Scenario
Pakistan Energy Scenario Gas Supply Pakistan's Energy Mix 2019-20 4.8 • Local production on a 4.5 4.8 4.5 4.6 LPG 4.4 downward trajectory 0.8 0.9 1% 0.3 0.5 0.9 1.1 Coal • Increasing share of 18% Hydro BSCFD imported RLNG 10% Nuclear 4.1 4.0 4.0 3.9 3.6 3.5 • PPL Share ~ 22% of local LNG 3% Renewabl
Slide 8: Operational Overview
8 Operational Overview 8
Slide 9: Key Achievements in 2020-21
Key Achievements in 2020-21 International Reserves Replacement Production Profits Exploration PPL-led consortium awarded Offshore block-5 in Abu Dhabi 108% ~0.9 Bcfde Rs. 52 Billion Production Optimization/ Growth and Risk One of the largest BLZ start ups Diversification Corporate Givers Award of Mi
Slide 10: Work Program Delivery
Work Program Delivery Exploration wells Development Wells 18 28 15 7 13 5 12 18 15 14 5 11 6 7 5 8 11 7 10 3 15 7 3 4 8 7 3 6 2 3 2016-17 2017-18 2018-19 2019-20 2020-21 2016-17 2017-18 2018-19 2019-20 2020-21 Operated Partner Operated Operated Partner Operated 10
Slide 11: Production
Production Production (PPL Net) Field-wise Production MMscfd equivalent FY 2021 (PPL net) 1006 988 977 7% 24% 24% 870 852 Gas 48% 33% Oil 10% 3% 15% 36% Sui Adhi Kandhkot Tal Adhi Nashpa 2016-17 2017-18 2018-19 2019-20 2020-21 Gambat South Others Partner Operated & Others 11
Slide 12: Financial Overview
12 Financial Overview 12
Slide 13: Profitability
Profitability 2021 2020 (Rupees in billion) Revenue from contracts with customers 148.4 157.6 o Sales Revenue Operating expenses (40.1) (42.8) a) -ve price variance (including change in Royalties and other levies (22.1) (23.8) exchange rate) ~ Rs 9 billion (62.2) (66.6) Gross profit 86.2 91.0 b) -ve
Slide 14: Key Financial Indicators
Key Financial Indicators Revenue vs Profitability - Rs billion Return on Equity (%) 164 158 148 21 19 117 126 17 15 13 80 62 9 46 50 52 36 17 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Dividend Pay-out ratio % (including bonus shares) Payments to
Slide 15: Trade Debtors and Customer-wise Breakup
Trade Debtors (net of GDS/GIDC) 282 264 Customer-wise Breakup GENCO II, Others, 198 6 5 Rs in billion 130 87 SSGCL, Receivables 110 as at June 30, 2021 SNGPL, 2016-17 2017-18 2018-19 2019-20 2020-21 161 • Collections improved in the current year – Rs 160 billion • Rate of growth of circular debt red
Slide 16: Outlook and Challenges
16 Outlook and Challenges 16
Slide 17: Outlook
Outlook • Production forecast around 0.8 BCFDe • Focus on high risk/medium-high reward frontier exploration – seismic campaign & wells - Pandrani X-1, Murad X-1 & Khipro East X-1 • Drill 5 exploration wells and 9 development wells – including Partner Operated areas • Exploration and appraisal activi
Slide 18: Key challenges
Key challenges Challenges Mitigations Surge in trade receivables High level engagement with Ministry to resolve the root causes Offtakes in Kandhkot Engagement with Ministry for alternate buyer Legal impediments in Zafir project Matter being pursued for expeditious resolution Arresting the natural d
Slide 19: Q&A
Q&A 19
Slide 20: Thanks
Thanks 20
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