Sitara Energy Limited. · PSX:SEL
Sitara Energy — FY2024 Earnings Presentation
10 slides from Sitara Energy's earnings presentation, Nov 26, 2024
Slide 1: Corporate Briefing Session by CFO
Sitara Energy Limited Corporate Briefing Session by CFO. For the Year Ended June 30, 2024 November 26, 2024
Slide 2: Presentation Outlines
Presentation Outlines 1- Review of 2024 2- Operating Results/Highlights 3- Future Challenges/Problems 4- Future strategy 5- Question /Answer Session
Slide 3: Review of 2024
Sitara Energy Limited Review of 2024 • Average Furnace oil price remained high at Rs. 191,179 PMT (including GST) during the year 2023 in comparison with that of last year 2023 at Rs. 151,402 PMT (including GST). • Average PLNG price also remained high at Rs. 3,773 MMBTU during the year 2023 in comp
Slide 4: Review of 2024: Demand from Bulk Power Consumers
Sitara Energy Limited Review of 2024 • SEL higher electricity rate comparatively elevated prices of RFO during current financial year leading to higher electricity tariff which was not acceptable by our BPCs which resulting into fall in demand by our Bulk Power Consumers (BPCs). • Accordingly, our B
Slide 5: Review of 2024: Asset Disposals and Debt Rescheduling
Sitara Energy Limited Review of 2024 • The Company disposed of certain investment properties for the purpose repayment of rescheduled/restructured credit facilities and earned capital gain of Rs 180.700 million. • The rescheduling/restructuring of credit facilities has been done at cost of fund alon
Slide 6: Operating Results/Highlights
Sitara Energy Limited Operating Results/Highlights Description Rs in FY 2024 FY 2023 Variance % Sales revenue Rs ‘000’ 916,056 1,067,686 151,630 17 Cost of generation Rs ‘000’ 908,785 1,018,864 110,079 12 Gross profit Rs ‘000’ 7,270 48,822 41,552 5.72 Other income Rs ‘000’ 302,696 46,332 256,364 85
Slide 7: Operating Results/Highlights: Generation
Sitara Energy Limited Operating Results/Highlights Year Generation Generation (kWh) (MW) 2017-18 212,259,327 24.23 2018-19 69,720,738 7.96 2019-20 57,192,561 6.53 2020-21 30,916,658 3.53 2021-22 15,375,110 1.76 2022-23 33,104,400 3.78 2023-24 23,314,870 2.66
Slide 8: Future Challenges/Problems
Sitara Energy Limited Future Challenges/Problems • There is no chance of allocation of system gas in view of depleting natural gas resources. RFO and RLNG price are unpredictable in the foreseeable future. • Whenever any opportunity of operation is available, the management does best for achieving b
Slide 9: Future strategy
Sitara Energy Limited Future strategy • The profitability of the company during financial year 2024-25 will depends upon viable prices of fuels (RFO & RLNG) and offering of competitive tariff to our BPCs. • The management is negotiating with the lender for restructuring/ rescheduling of credit facil
Slide 10: Question /Answer Session
Sitara Energy Limited Question /Answer Session