K-Electric Ltd. · PSX:KEL
K-Electric — Investor Presentation (June 2022)
15 slides from K-Electric's investor presentation, June 2022
Slide 1: Investor’s Update
Investor’s Update K-Electric Limited June 2022 1
Slide 2: KE Overview
KE Overview KE’s Presence Across the Value Chain Incorporated in 1913, KE is the only vertically integrated power utility in Pakistan with exclusive distribution rights for Karachi, a customer base of around 3.3 Million customers, 6,500 sq. km of service territory and peak demand of over 3,600 MW Ge
Slide 3: Operational Performance
Operational Performance Operational Indicators KE continued towards its growth trajectory, with improvements in all major operational areas. COVID scenario impacted the growth trajectory in FY 2020, which showed improvements in FY 2021 and FY 2022 Generation Efficiency (%) Sent-out (GWh) 19,487 39%
Slide 4: Financial Performance
Financial Performance Financial Indicators KE continued towards its growth trajectory, with improvements in all major financial areas. COVID scenario impacted the growth trajectory in FY 2020, which showed improvements in FY 2021, however 9M FY 2022 has taken a hit due to mid-term review Revenue (PK
Slide 5: Update on 900 MW BQPS III Project (1/3)
Update on 900 MW BQPS III Project (1/3) CC base load has been commenced in May 2022, for Unit 01, and the project is on track for completion in Sep / Oct 22 Key Milestones Contract Notice to Start of Signing of HRSG Chemical Unit 1 Cold First Synch Base Load Unit 2 Handover Unit 2 Project Signing Pr
Slide 6: Update on 900 MW BQPS III Project (2/3)
Update on 900 MW BQPS III Project (2/3) BQPS III pictures Power Train – Unit II Aerial View of Plant Stack of Heat Recovery CW Station GIS Building Epoxy Flooring Steam Generator – I 6
Slide 7: Update on 900 MW BQPS III Project (3/3)
Update on 900 MW BQPS III Project (3/3) Financial Close of 900 MW achieved successfully Foreign Participating Banks (USD 414 Mn) Local Participating Banks and DFIs 7
Slide 8: Closure of FMO Financing for T&D Assets
Closure of FMO Financing for T&D Assets K-Electric successfully signed a USD 100 Million Financing Facility Agreement with FMO • K-Electric signed a USD 100 Million Financing Facility Agreement with FMO and Proparco in a ceremony held on April 12th, 2022, at Amsterdam, Netherlands. • This syndicated
Slide 9: KE’s Initiatives since 2009
KE’s Initiatives since 2009 Investments across the value chain Since 2009, KE has invested PKR 420 Billion till 9M FY 2022 (c. USD 3.5 Billion) across the value chain and further intends to carry the momentum in the next tariff control period Generation Transmission Distribution • Improvement in fle
Slide 10: Key Sector Developments and NEW MYT
Key Sector Developments and NEW MYT Positive Developments in the Power Sector National Electricity Amendments to the Draft National New MYT Policy 2021 NEPRA Act Electricity Plan Keeping in view learning Target for losses and Stipulates timelines for In addition to application of from current MYT, n
Slide 11: Current Challenges
Current Challenges Despite operational improvements, KE is facing some challenges due to current geopolitical situation While KE has improved operationally and is committed to continued investments going forward which would further the improvement trajectory. Following are some of the key challenges
Slide 12: Mitigants & Way Forward (1/2)
Mitigants & Way Forward (1/2) To overcome the challenges, KE is making efforts to mitigate the situation by the following 1 Recovery of FCA and release of TDC from GoP • FCA for the period Apr 22 to Jun 22 is expected to be recovered from Jul 22 to Sep 22 from consumers thus easing the working capit
Slide 13: Mitigants & Way Forward (2/2)
Mitigants & Way Forward (2/2) To overcome the challenges, KE is making efforts to mitigate the situation by the following “A high-level delegation of KE comprising its shareholders from Kuwait and Saudi Arabia who are making efforts for years to get the issues of power utility resolved was Recently
Slide 14: Thank You
Thank You 14
Slide 15: National Electricity Policy - Extract
National Electricity Policy - Extract Distribution and Supply – Extract 15