Pakgen Power Limited · PSX:PKGP
Pakgen Power — FY2021 Earnings Presentation
13 slides from Pakgen Power's earnings presentation, December 2021
Slide 1: Pakgen Power Limited Corporate Briefing Session
PAKGEN POWER LIMITED Corporate Briefing Session on Annual Audited Accounts for the Financial Year ended December 2021
Slide 2: Company Brief
Company Brief Located at Mehmood Kot, Muzaffargarh Punjab Gross capacity: 365 MW Net/ Dependable Capacity: 350 MW Technology: Oil-Fired Steam Turbine Established under the “Power Policy 1994” Incorporated in year 1995 Commissioning Date: February 1, 1998 Shares listed in year 2011
Slide 3: Statement of Financial Position As at December 31, 2021
Statement of Financial Position As at December 31, 2021 2021 2020 2021 2020 (Rupees in thousand) (Rupees in thousand) EQUITY AND LIABILITIES ASSETS SHARE CAPITAL AND RESERVES NON-CURRENT ASSETS Authorised share capital Fixed assets 5,268,482 5,943,119 400,000,000 (2020: 400,000,000) Long term invest
Slide 4: Statement of Profit or Loss and Other Comprehensive Income 2021
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 (Rupees in thousand) REVENUE FROM CONTRACT WITH CUSTOMER 19,900,766 10,645,671 COST OF SALES (18,236,639) (5,078,317) GROSS PROFIT 1,664,127 5,567,354 ADMINISTRATIVE EXPENSES (228,689) (213,148)
Slide 5: Financial Highlights
Financial Highlights Rs in million 2021 2020 6,000 5,567 5,000 4,417 4,000 3,000 2,000 1,664 1,046 1,000 - Gross Profit Net Profit 60.0 52.3 50.0 41.5 40.0 30.0 20.0 11.86 8.4 10.0 5.3 2.82 - Gross Profit %age Net Profit %age Earning per Share
Slide 6: Financial Highlights
Financial Highlights The major reason of decrease in profit is non-issuance of Capacity Purchase Price invoices amounting to Rs.2.429 billion started from 05-05-21 to 07-10-21, pursuant to PPA Amendment Agreement with CPPA-G.
Slide 7: Operational Highlights
Operational Highlights Capacity Utilization (%age) 2021 vs 2020 80% 70% 60% 50% 40% 30% 20% 10% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2021 2020
Slide 8: Strategic/Operational Developments
Strategic/Operational Developments In response to load demanded by CPPA-G, the Pakgen plant operated at capacity factor of 26.0% with load factor of 71.6% and availability of 99.5% and dispatched 797.729 GWh of electricity. Continuous efforts are being made to improve the plant performance and to
Slide 9: Challenges
2 Q = = 2 Z n « 2020 * Short term borrowings __* Receivable from NTDCL
Slide 10: Challenges
Challenges Although the Company received a significant amount of Rs.34.815 billion on account of overdue receivables from CPPA-G during the current year including the two installments totaling Rs.16.337 billion, under the settlement agreement, however, our sole customer, CPPA-G remains unable to mee
Slide 11: Business Outlook
Business Outlook • Due to induction of new power generation plants based on hydel energy, coal, renewable and RLNG at a lower price, it is expected that Pakgen will be dispatched in peak demand seasons, in case of interruption in supply of RLNG or in low water months only. This will help Company min
Slide 12: Questions and Answers
Questions and Answers
Slide 13: Thank You
Thank You