Kot Addu Power Co. Ltd. · PSX:KAPCO
Kot Addu Power — Investor Presentation (October 2021)
16 slides from Kot Addu Power's investor presentation, Oct 22, 2021
Slide 1: Corporate Briefing Session
KAP{ee) Kot Addu Power Company Limited CORPORATE BRIEFING SESSION 22-OcT-2021
Slide 2: Disclaimer
➢ The information contained in this presentation is given without any liability whatsoever by KAPCO or their respective members, directors, officers or employees (collectively “KAPCO") for any loss whatsoever arising from any use of this presentation or its contents or otherwise. ➢ Unless otherwise
Slide 3: Power Sector of Pakistan – Key Challenges
Power Sector of Pakistan – Key Challenges ◼ Significant addition to power generation based 2.3 trillion with no immediate solution insight. Capacity Payments on GDP growth of 5%-6% but actual GDP is 3.94% ◼ Annual capacity payments are increasing rapidly ◼ All new projects on Take-Or-Pay basis with
Slide 4: Pakistan's Largest IPP – Installed Capacity
Pakistan’s Largest IPP – Installed Capacity KAPCO installed capacity approximately 4.0% of Pakistan’s Key highlights total electricity generation capacity from IPPs ▪ Accounts for a significant portion of Pakistan’s overall power capacity installed WAPDA • 4.0% of total power generation of Pakistan
Slide 5: Overview of KAPCO
Overview of KAPCO Largest Single IPP and No of shareholders > Only Tri-Fuel Power ~4% of Country’s Combined Cycle Plant Self Managed O&M 61,000 Plant Generation in Pakistan (Market Cap. Rs 26B) Ownership of 132 kV ~9.3% of IPPs Ability to self start in Total Revenue > Rs 69 Among Top companies and 2
Slide 6: Twenty-Five Years of Excellence - Technical achievements
Twenty-Five Years of Excellence - Technical achievements KAPCO has successfully completed 25 years of privatisation in Jun- ❖ Auto Transformer, T-6; 200 MVA (220/132 KV) Siemens make was 2021. The best example of Public Private Partnership. installed, commissioned and successfully energized in April
Slide 7: Twenty-Five Years of Excellence - Financial achievements
Twenty-Five Years of Excellence - Financial achievements The technical milestone achievements/improvements have directly ❖ The Company has successfully settled the LDs Arbitration with the Power impacted the Company’s financial performance, which has been par Purchaser, which were imposed for not me
Slide 8: Committed and Strong Shareholder Base
Committed and Strong Shareholder Base Current shareholding structure Remarks 5.48% 40.25% 7.71% 46.56% ▪ WAPDA KAPCO BESOS United Bank Gen Public • Provides knowledge and experience in Trust WAPDA Ltd (61,815 Pakistan power industry shareholders) • Responsible for development and utilization of hyde
Slide 9: KAPCO Power Complex
➢ 10 Gas Turbines, 10 HRSG, 5 Steam Turbines ➢ 27 Oil Storage Tanks (Total Capacity ~ 200KT) KAPCO Power Complex ➢ 6 FOTPs ➢ Dedicated Fuel Supply line ➢ 3 Dedicated Gas Supply lines ➢ State of the art workshops ➢ Switch Yards (220Kv & 132Kv) ➢ 12 Transmission Lines ➢ Black Start Diesel Generator ➢
Slide 10: Technical Performance
TECHNICAL PERFORMANCE 10000 GENERATION FUEL MIX (GENERATION) 9000 8000 7,335 7,437 3.3 3.2 1.0 0.3 0.2 3.3 100% 7000 6,583 28.7 27.2 42.4 31.7 80% 6000 62.6 4,961 GWH 5000 60% 80.8 4000 3,477 3,562 40% 72.6 71.0 65.0 56.6 3000 20% 34.2 2000 15.8 0% 1000 2015-16 2016-17 2017-18 2018-19 2019-20 2020-2
Slide 11: Balance Sheet
Balance Sheet Current Liabilities Non Current Assets 73.2 3.5 Non Current Liabilities 13.8 Equity 65.2 Current Assets 148.7
Slide 12: Financial Performance
Financial Performance 30 26.83 REVENUE AND GENERATION DIVIDEND PAYOUT 80.0 25 70.0 74.0 60.0 64.0 64.7 20 RS. PER SHARE 14.9 RS. IN BILLION 50.0 45.9 15 12.06 11.62 40.0 10.31 10.73 30.0 46.5 25.6 41.7 10 20.1 9.10 10.00 20.0 17.7 17.8 18.0 9.00 9.05 5 8.7 6.30 10.0 4.50 - 0 2015-16 2016-17 2017-18
Slide 13: Financial Performance: 2019 vs. 2020
Financial Performance: 2019 vs. 2020 Rs in Billion 2020-21 2019-20 % Change Generation (GWh) 3,562 3,477 2% Revenue - EPP 41.7 45.9 -9% Revenue - CPP 8.7 25.6 -66% Gross Profit 5.3 21.5 -76% Gross Profit % 10.4% 30.0% -65% Net Profit 10.2 23.6 -57% Net Profit % 20.3% 33.0% -38% EPS (Rs / Share) 11.6
Slide 14: KAPCO Contribution in Future Power Market!
KAPCO Contribution in Future Power Market! ➢ KAPCO has the facility of having optimal size machines and lesser ramp-up/ramp-down time, so can easily manage peaking load. ➢ Major capex cost/debts of KAPCO have been paid, therefore, lesser cost compared to new power plants ➢ KAPCO has the largest oil
Slide 15: Questions & Answers
Excellence e@ stions & Answers.
Slide 16: Thanks
Thanks
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