Slide 1: Pakistan Refinery Limited Corporate Briefing Session
Pakistan Refinery Limited Corporate Briefing Session For the year ended, June 30, 2023 September 11, 2024
Slide 2: Corporate Profile
CORPORATE PROFILE SATELLITE VIEW OPERATIONAL NETWORK • Type: Hydro Skimming • Commissioned Major products Shareholding Area o October 1962 o HSD o PSO – 63.56% 200 acres • Design throughput: o MS specifically granted o 2.1 MMT/year o Exxon, Shell, o HSFO o Others – 36.44% Burmah & Caltex for setting
Slide 3: Statement of profit or loss
Statement of profit or loss 2022-23 2021-22 Description Rs. in '000 Revenue from contracts with customers 261,860,404 191,316,055 Cost of sales (254,559,762) (171,043,647) Gross Profit 7,300,642 20,272,408 Selling expenses (500,583) (321,270) Administrative expenses (975,189) (552,145) Other operati
Slide 4: Major Highlights
Major Highlights • Significant depreciation in Pak Rupee by more than 40% resulted in exchange loss of Rs. 7.2 billion as compared to Rs. 4.2 billion in 2021-22. • Crude oil L/C confirmation charges increased significantly. Total cost incurred during the year was Rs. 2.04 billion (average rate of 8%
Slide 5: Financial Performance for the last 6 years
Financial Performance for the last 6 years REVENUE (Rs in billion) GROSS PROFIT (Rs in billion) (Rs in billion) 350 20.3 21 300 18 262 250 15 12 200 9 7.3 191 6 3.2 150 3 1.0 100 91 116 - 92 92 (3) 50 (6) (3.2) (4.4) - (9) 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 PROFIT BEFORE TAX
Slide 6: Crude Intake for last 6 years
Crude Intake for last 6 years CRUDE INTAKE FOR LAST 6 YEARS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 ADNOC Crudes Aramco Crudes KPC Crudes Others Local Crude 6
Slide 7: Production Mix for last 6 years
Production Mix for last 6 years PRODUCTION MIX FOR LAST 6 YEARS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 7 High Speed Diesel Motor Spirit (Petrol) Jet/Kero/Naphtha/LPG Marine Residual Fuel Furnace Oil
Slide 8: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Extending a Helping Hand to Flood-Hit Areas of Pakistan PRL donated emergency relief medicines worth Rs 10.5 million to the flood-affected regions of Interior Sindh in Pakistan in 2022. PRL's 10-Year Commitment to Supporting TCF School PRL has made a long-term c
Slide 9: Refinery Expansion and Upgrade Project
Refinery Expansion and Upgrade Project REFINERY EXPANSION & UPGRADE PROJECT 9
Slide 10: Objectives of Refinery Expansion and Upgrade Project
Objectives of Refinery Expansion and Upgrade Project Refinery Expansion and Upgrade Project (REUP) has the following objectives: • Production of EURO V compliant HSD and MS/Petrol. • Installation of Deep Conversion Refinery Technology to reduce production of HSFO. • Expansion of capacity from 50,000
Slide 11: Changing Shape of the Product Barrel
Changing Shape of the Product Barrel Naphtha Gasoline 7% 9% Gasoline LPG JP1 34% 7% 3% JP1 Others 12% 2% Propylene 4% Current Post upgrade @ 50 kbpd @ 100 kbpd Naphtha 4% HSFO HSD 41% 28% LPG 4% HSD 45% 11
Slide 12: Project Milestones
Project Milestones 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 Project milestone Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Completion of FEED study Financial close Award of EPC contract EPC phase and project commissioning 12