Pakistan Petroleum Limited · PSX:PPL
Pakistan Petroleum — Investor Presentation (November 2022)
21 slides from Pakistan Petroleum's investor presentation, Nov 14, 2022
Slide 1: Corporate Briefing Session 2021-22
Pakistan Petroleum Limited Corporate Briefing Session 2021-22 November 14, 2022
Slide 2: Contents
Contents 2 • Disclaimer • Group Structure • Our Footprint & Energy Scenario • Operational Overview • Financial Overview • Outlook & Challenges • Q&A
Slide 3: Disclaimer
Disclaimer 3 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
Slide 4: Capital & Shareholding / Group Structure
Capital & Shareholding 4 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, prospecting, develop PPL Europe E&P PPL Asia E&P B.V. Pakistan International Pattern of Shar
Slide 5: Our Footprint & Energy Scenario
Our Footprint & Energy Scenario 5 Dhok Sultan
Slide 6: Our Portfolio
Our Portfolio 6 Portfolio Producing fields PPL Operated 9 Partner Operated 13 Total 22 Exploratory blocks PPL Operated 29* Partner Operated 21** Total 50 8 blocks provisionally awarded: 4 during the year and 4 subsequent to the year end: * 3 Operated: Kalat West, Sui North & Shaigalu ** 5 Partner Op
Slide 7: Pakistan Energy Scenario
Pakistan Energy Scenario 7 Gas Supply Pakistan's Energy Mix 2020-21 4.8 4.9 • Local production on a 4.5 4.5 4.5 4.4 Renewables 0.8 0.9 downward trajectory Nuclear 0.5 0.9 1.0 1% 1.0 3% • Increasing share of Hydro BCFD imported RLNG 9% Oil 4.0 4.0 3.9 3.6 26% 3.5 3.4 • PPL Share ~ 21% of local prod (
Slide 8: Operational Overview
Operational Overview Adhi Plant
Slide 9: Key Achievements in 2021-22
Key Achievements in 2021-22 9 Farm-ins Highest ever Profit Before Tax Operatorships in Rs. 98 Billion Baska & Indus-C Corporate Achievements - One of largest corporate giver ~ Rs 2 Billion Awarded Exploration Blocks - 1st prize: “SAFA best presented Corporate 2 Operated Report 2020” in Public Sector
Slide 10: Work Program Delivery
Work Program Delivery 10 Exploration wells Development Wells 18 18 15 14 7 12 11 7 5 8 8 7 6 5 11 4 4 6 3 8 7 3 7 6 3 2 3 3 2 1 2017-18 2018-19 2019-20 2020-21 2021-22 2017-18 2018-19 2019-20 2020-21 2021-22 Operated Partner Operated Operated Partner Operated
Slide 11: Production
Production 11 PPL’s Production MMscfde (Net) FY 2022-23 PPL’s Revenue Mix FY 2021-22 (Net) Q1: 848 988 977 8% 870 852 808 Revenue Gas 34% Mix Oil 58% LPG & others 2017-18 2018-19 2019-20 2020-21 2021-22 PPL’s Field-wise Production FY 2022 (Net) PPL’s Field-wise Production 2021-22 (Net) 11% 24% 22% S
Slide 12: Financial Overview
Financial Overview Exploration well
Slide 13: Financial Highlights
Financial Highlights 13 Net Highest ever PKR 202 Billion 36% 37% Sales Increase in Sales Revenue: ` Net Sales Increase Increase Mainly due to increase in crude oil price and surge in exchange rate Highest ever 43% PKR 98 Billion Increase Profit Before Tax PBT Increase in Profit Before Tax: Due to hi
Slide 14: Key Financial Indicators
Key Financial Indicators 14 Trade Debtors – Rs billion Revenue vs Profitability - Rs billion 202 366 164 158 282 148 264 117 126 198 62 130 46 50 52 54 87 36 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 50 Cash Dividend Pay-out ratio % Payments to G
Slide 15: Sales vs Collection
Sales vs Collection 15 Sales vs Collection Receivables as at Rs. Billion (FY 2021-22) June 30, 2022 142 Others Taxes & GENCO II 19 royalties 7 required to be paid on accrued 92 sales 83 SSGCL 67 154 collection collection 90% SNGPL 47% 186 Gas Oil/LPG Sales Collection
Slide 16: Circular Debt | Mitigations
Circular Debt | Mitigations 16 - Highlighting major root causes of gas sector circular debt along with formulation of mitigation plans at the highest levels in the Ministry of Energy and Finance Division. - These plans are currently under implementation phase and the Company is hopeful that, if impl
Slide 17: Challenges & Outlook
Challenges & Outlook Reko Diq Mine Site
Slide 18: Key challenges
Key challenges 18 Challenges Mitigations High level engagement with Ministry to resolve the root causes. Surge in trade receivables Strategic investments to create alternate revenue streams. Higher levies/taxes on account of higher revenues and profits – Submission of request to GoP for payment of r
Slide 19: Outlook
Outlook 19 • Production forecast around 0.8 Bcfde • Seismic campaign of ~1,800 line km 2D and 1,000 Sq km 3D • Drill 7 exploration wells and 9 development wells • Mix of high/ medium risk exploration wells - Shah bandar, Kalat, Baska and Hala • Exploration and appraisal activities in PIOL • Close ou
Slide 20: Questions & Answers
20 Questions & Answers Hisal
Slide 21: Thanks
21 Thanks
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