Pakgen Power Limited · PSX:PKGP
Pakgen Power — FY2019 Earnings Presentation
12 slides from Pakgen Power's earnings presentation, Jun 22, 2020
Slide 1: Pakgen Power Limited Corporate Briefing Session
PAKGEN POWER LIMITED Corporate Briefing Session on Annual Audited Accounts for the Financial Year ended December 2019 22 June 2020
Slide 2: Contents
Contents Company Brief Operational Highlights Financial Highlights Strategic/Operational Developments Challenges Business outlook Questions and Answers
Slide 3: 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 4: Operational Highlights
Operational Highlights Capacity Utilization %age 60% 52% 50% 50% 40% 30% 26% 20% 11% 10% 8% 0% Year 2015 Year 2016 Year 2017 Year 2018 Year 2019 Reducing trend due to induction of energy through RLNG/COAL and other renewable power plants
Slide 5: Operational Highlights
Operational Highlights Capacity Utilization (%age) 2019 vs 2018 60% Summer 50% 40% 30% 20% 10% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2019
Slide 6: Financial Highlights
Financial Highlights Rs in million 2019 2018 5,000 4,567 4,500 4,000 3,500 2,911 3,000 2,426 2,500 2,000 1,485 1,500 1,000 500 - Gross Profit Net Profit 40.0 37.5 35.0 30.0 23.9 25.0 20.0 15.0 15.0 9.2 7.82 10.0 3.99 5.0 - Gross Profit %age Net Profit %age Earning per Share
Slide 7: Strategic/Operational Developments
Strategic/Operational Developments In response to load demanded by CPPA-G, the Pakgen plant operated at capacity factor of 10.5% with load factor of 48.6% and availability of 99.0% and dispatched 323.991 GWh of electricity. The Company continues to allocate funds on various improvement projects to
Slide 8: Challenges: Liquidity Crises & Dividend Payouts
Challenges Liquidity Crises & Dividend Payouts 25,000 20,000 20,586 16,939 15,000 RS IN MILLION 14,167 11,635 11,536 10,000 10,834 11,094 9,195 7,249 5,000 5,081 - 2015 2016 2017 2018 2019 Short term borrowings Receivable from NTDCL
Slide 9: Challenges: Arbitration Disputes
Challenges Arbitration Disputes During 2018, the Company filed case for arbitration in the International Chamber of Commerce (ICC) to resolve the following matters, as per the mechanism allowed by PPA for resolutions of disputes: The Power Purchaser unlawfully set off amounts from payments due to
Slide 10: Business Outlook
Business Outlook • We foresee circular debt to remain a challenge for the government and the energy sector particularly in the near future unless concrete policy measures are taken to address the underlying causes • Due to induction of new power generation plants based on hydel energy, coal, renewab
Slide 11: Questions and Answers
Questions and Answers
Slide 12: Thank You
Thank You