Pakistan Petroleum Limited · PSX:PPL
Pakistan Petroleum — Investor Presentation (2025)
21 slides from Pakistan Petroleum's investor presentation, 2025
Slide 1: Corporate Briefing Session 2024-25
Corporate Briefing Session 2024-25
Slide 2: Contents
Contents 2 • Disclaimer • Group Structure • Our Footprint & Energy Scenario • Operational Overview • Financial Overview • Key Risks & Outlook • 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, Group Structure and Pattern of Shareholding
Capital & Shareholding 4 The authorized capital of the Company is Group Structure PKR 35 billion. The subscribed capital of the Company is is principally engaged in conducting exploration, PKR 27.21 billion. prospecting, develop PPL Europe PPL Asia E&P Pakistan Intl. Pakistan Minerals PPPFTC* Patter
Slide 5: Our Footprint & Energy Scenario
Our Footprint & Energy Scenario
Slide 6: Our Portfolio
Our Portfolio 6 Producing fields PPL Operated 9 Partner Operated 12 Total 21 Exploratory blocks PPL Operated 25 Partner Operated 21 Total 46* * As of June 30, 2025. The above table excludes the blocks for which relinquishment has been applied or which are provisionally awarded.
Slide 7: Pakistan Energy Scenario
Pakistan Energy Scenario 7 GAS SUPPLY 4.5 4.6 Pakistan Energy Mix 4.4 4.2 • Curtailment on SNGPL 4.1 2023-24 3.8 Renewable 0.9 1.1 1.1 network due to RLNG 0.9 1.0 Electricity 0.9 back-pressure 2% BCFD Nuclear • PPL Share ~ 19% of local Electricity Oil 3.6 3.5 3.4 3.3 8% 3.1 2.9 prod (~0.56 Bcfd) Hyd
Slide 8: Operational Overview
. Operational , Overview
Slide 9: Key Achievements | 2024-25
Key Achievements | 2024-25 9 SAFETY ✓ Zero Lost Time Injury Frequency ✓ Zero Tier 1 Process Safety Event ✓ 8 discoveries: 2 in operated and 6 in partner operated areas (POP) EXPLORATION ✓ 129% Reserve Replacement Ratio (2P) & DEVELOPMENT ✓ 2 new Exploration Blocks awarded INTERNATIONAL ✓ PCA signed
Slide 10: Work Program Delivery
Work Program Delivery 10 Exploration wells Development Wells 11 10 8 4 6 7 7 6 5 3 4 4 6 4 3 3 2 6 3 5 2 4 4 3 3 3 2 1 1 2020-21 2021-22 2022-23 2023-24 2024-25 2020-21 2021-22 2022-23 2023-24 2024-25 Operated Partner Operated Operated Partner Operated
Slide 11: Production
Production 11 Production (PPL Net) MMscfde Revenue mix FY 2024-25 (PPL Net) 852 Gas curtailment 808 815 due to RLNG back 8% 713 pressure coupled 632 with lower Gas offtakes in 26% Kandhkot Revenue Oil Partially offset by Mix LPG & others Company’s 66% initiatives to arrest natural decline 2020-21 20
Slide 12: Financial Overview
Financial Overview
Slide 13: Key Revenue Drivers
Key Revenue Drivers 13 Crude Oil Prices Exchange Rate 100 USD/PKR 95 300 95 296 89 90 87 294 295 85 84 84 85 81 290 79 78 79 80 285 284 74 73 74 285 283 75 281 282 71 281 69 70 280 280 70 280 279 278 278 278 278 278 64 65 275 60 270 55 50 265 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 J
Slide 14: Financial Highlights (explanation of material variance)
Financial Highlights (explanation of material variance) 14 Net Decrease in Sales Revenue: Net Sales PKR 243 Billion 16% Sales Negative volume variance primarily on account of curtailment on SNGPL vs. 289 Billion LY Decrease network and lower offtakes by GENCO, coupled with decline in crude oil price
Slide 15: Key Financial Metrics
Key Financial Metrics 15 Revenue vs Profitability - Rs Billion Trade Debts (Rs Billion) & Build-up Rate (%) 400 50 40 700 40% 45% 38 45 350 35 34 40 600 33% 40% 300 32 30% 592 35% 578 35 26 289 500 250 286 513 30% 30 200 243 25 400 25% 150 202 20 300 366 20% 158 148 13% 282 15 15% 100 114 10 200 264
Slide 16: Sales vs Collection
Sales vs Collection 16 Sales vs Collections (Gross including GDS/GIDC) Receivables as at June 30, 2025 (PKR Billion) Gross Sales Collection Collection Ratio 400 100% GENCO II, ARL, 10, 3, 1% Others, 1, 350 91% 90% 2% 0% 84% 345 342 81% 80% 300 70% • Back-to-back SSGCL, 276 291 consumer gas price 310
Slide 17: Challenges & Outlook
Challenges & Outlook
Slide 18: Key Business Risks
Key Business Risks 18 Risks Mitigations • Recent price revisions helped to reduce the accumulation Trade receivables • Engagement with stakeholders to resolve the past receivables Gas curtailment due to SNGPL back • Re-routing partial gas volumes to SSGCL and engagement with stakeholders to pressure
Slide 19: Business Outlook
Business Outlook 19 • Production forecast is around 600-650 MMscfde depending on gas curtailment • Seismic campaign of ~700 line km 2D and ~600 Sq km 3D acquisition • Sustain exploration and development well delivery • Exploration and appraisal wells planned in Kandhkot, Shah Bandar, Gambat South, S
Slide 20: Q&A
20 Q&A
Slide 21: Thank you
21 Thank you