K-Electric Ltd. · PSX:KEL
K-Electric — Corporate Update (November 2022)
33 slides from K-Electric's corporate update, Nov 22, 2022
Slide 1: Corporate Briefing Session
CORPORATE BRIEFING SESSION 22nd November 2022
Slide 2: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issues • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 3: KE Overview
KE Overview KE’s Presence Across the Value Chain Incorporated in 1913, KE is the only vertically integrated power utility in Pakistan, a customer base of more than 3.4 million customers, 6,500 sq. km of service territory and peak demand of over 3,600 MW. Generation Transmission Distribution Installe
Slide 4: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issues • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 5: Operational Performance
Operational Performance Operational Performance Sent-out (GWh) T&D (%) ↑ 1.6 % ↓ 2.2 p.p ↓ 2.0 p.p ↓ 8.9 % 17.8% 17.5% 19,487 19,802 15.8% 15.3% 5,692 5,183 FY-21 FY-22 Qtr1-FY22 Qtr1-FY23 FY-21 FY-22 Qtr1-FY22 Qtr1-FY23 Investment of around PKR 62.8 billion across the power value chain resulted in
Slide 6: Operational Performance - Generation
Operational Performance - Generation KE continued to operate generation machines prudently during the year resulting in improvements in generation efficiency, reliability and forced outages. Reliability (%) Forced Outage No. 1768 99.5 99.6 98.8 98.7 749 174 373 FY-21 FY-22 Qtr1-FY22 Qtr1-FY23 FY-21
Slide 7: Update on 900 MW BQPS III Project (1/4)
Update on 900 MW BQPS III Project (1/4) 900MW BQPS III CCPP & Associated Transmission Projects Unit 1 –BQPS III Cold Base Load GT On ST On First Synch Restoration CCP Base Load Commissioning Operation Foundation Foundation (Unit 1) of Unit 1 Operations Start (Unit 1) (Unit 1) Contract Signing ✓ ✓ ✓
Slide 8: Update on 900 MW BQPS III Project (2/4)
Update on 900 MW BQPS III Project (2/4) BQPS III pictures Restoration of Unit – 01 Aerial View of Plant HSD Day Tank Unit – 02 First Fire Unit – 02 First Synchronization Aerial View of Plant 8
Slide 9: Update on 900 MW BQPS III Project (3/4)
Update on 900 MW BQPS III Project (3/4) BQPS BQPSIII IIIpictures pictures Reactor Aerial View KPC Grid BQPS Transmission Lines GIS and Relay Building Aerial View BQPS III Grid Switchboard Room 9
Slide 10: Update on 900 MW BQPS III Project (4/4)
Update on 900 MW BQPS III Project (4/4) Financial Close of 900 MW achieved successfully Foreign Participating Banks (USD 414 Mn) Local Participating Banks and DFIs 10
Slide 11: Operational Performance - Transmission
Operational Performance - Transmission Increased transmission network reliability through addition of 10 new grid stations and c. 106 km of EHT lines, while also rehabilitating over 420 km of old EHT lines – as a result, 2,216 MVAs of transmission capacity has been added since FY 12. Reduction in Tr
Slide 12: Operational Performance - Distribution
Operational Performance - Distribution Through targeted investments focused on loss reduction and capacity enhancement, KE has reduced its T&D loss significantly and for the first time in FY 2022 beat NEPRA T&D loss benchmark and achieved 15.36% T&D loss as opposed to target of NEPRA of 15.95%. Redu
Slide 13: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issues • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 14: Financial Performance
Financial Performance Financial Highlights Contribution Margin EBITDA Net Profit / (Loss) PKR Billion PKR Billion PKR Billion 98.7 45.9 12.0 84.9 41.6 2.9 8.5 22.9 11.8 (16.3) 15.2 (2.7) FY-21 FY-22 Qtr1-FY22 Qtr1-FY23 FY-21 FY-22 Qtr1-FY22 Qtr1-FY23 FY-21 FY-22 Qtr1-FY22 Qtr1-FY23 Reasons for Major
Slide 15: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issue • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 16: Key Challenges / Issues
Key Challenges / Issues To overcome the challenges faced, KE is making efforts to mitigate them through effective engagement with all key stakeholders Challenges Mitigants Engagement with Government Entities for As of October 2022, KE is to receive PKR 78 Receivables / Payables – release of net rece
Slide 17: Receivables from Government Entities
Receivables from Government Entities October 2022 Position1 Receivables from Govt. PKR Payables to Government PKR Entities Billion Entities Billion NTDC / CPPA – G 333.2 Net Receivable Tariff Differential Claims 421.1 to KE KWSB “Strategic Customer” 28.2 SSGC4 38.7 c. PKR 78.3 Government of Sindh (G
Slide 18: Future Outlook – New Multi Year Tariff
Future Outlook – New Multi Year Tariff New Multi-Year Tariff key for sustainable development of power infrastructure of Karachi New Multi-Year Tariff envisages improvements on various fronts, which will help the Company continue the investment journey in the interest of consumers 1. Keeping in view
Slide 19: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issues • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 20: Future Plans & Initiatives
Future Plans & Initiatives Planned initiatives across the value chain from FY 23 to FY 25, subject to regulatory approvals – would enable KE to unlock key value drivers under the MYT along with benefitting consumers and the economy at large Initiatives Across The Value Chain Generation Transmission
Slide 21: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issues • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 22: Key Sector Developments
Key Sector Developments Market reforms are underway to provide policy directions and to bring in efficiency and enable integrated planning which is expected to result in improvement of ecosystem and system performance Draft National Indicative Generation 10,000 MW of Solar for Regulatory Framework E
Slide 23: Table of content
Table of content 1 2 Operational 3 4 performance Financial Key Challenges / KE Overview • Generation Performance Issues • Transmission • Distribution 8 7 6 5 Corporate Social Key Sector Future Plans & Awards Responsibility developments Initiatives
Slide 24: Corporate Social Responsibility
Corporate Social Responsibility CSR Framework Safety Community Environment & Social Diversity & Engagement Sustainability Investments Inclusion
Slide 25: Safety
Safety Promoting safety and resilience through public service messages and donations Safety road shows organized in 8 high risk areas of Karachi reaching 30,000 persons. Monsoon and heatwave safety messaging spread through multiple mediums reached 270,000 persons in 513 areas 220 frontline workers t
Slide 26: Community Engagement
Community Engagement Uplifting marginalized communities through collaborations 150,000 persons provided access to clean water through 15 water filtration plants 37,500 were facilitated through health camps and 5000 through Covid-19 vaccination mobile drive in inaccessible areas. 33,000 water bottles
Slide 27: Environment & Sustainability
Environment and Sustainability Contributing to a greener Karachi. Sustainability Report 2022 published in accordance to GRI Standards and UN SDGs. 7.5 Million donated to NEPRA’s microfinance fund for solar installations in low income areas. 2 parks renovated in Korangi and Nazimabad benefiting 10,00
Slide 28: Social Investments
Social Investments 1,600 Families were Floods 2022 – Relief and Rehabilitation A total of supported with Ration and Cash Assistance 200 163.7 Million PKR pledged for flood relief Families were supported with 400 activities. Cash Assistance at Uthal & Families were Bela - supported with Balochistan D
Slide 29: Social Investments
Diversity and Inclusion Supporting women in breaking the glass ceiling 100 women graduated in Roshni Baji (cohort 1 & 2) – educating 463,304 households on safety awareness during the program 15 Roshni Bajis from cohort 1 hired as KE female Meter Data Maintenance Officers including 1 as a Customer Ca
Slide 30: Table of content
Table of content 1 2 Operational 3 4 performance Financial Corporate Social KE Overview • Generation Performance Responsibility • Transmission • Distribution 8 7 6 5 Key Challenges / Key Sector Future Plans & Awards Issues developments Initiatives
Slide 31: Awards
Awards ▪ Asia Export Finance Award by Trade and Export Finance (TXF) for BQPS III ▪ S&P Platts Global Energy Award - corporate social responsibility in diversified category for Roshni Baji programme ▪ United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) Award for covid vaccina
Slide 32: The Journey Continues
The Journey Continues With the ongoing developments / investments in KE’s network and necessary support from the government entities, KE is confident in serving its customers in a reliable and efficient way Moving Forward Economic Prosperity through Enhanced Safety Industrial growth & through Public
Slide 33: Thank You
THANK YOU ©0009