Pakgen Power Limited · PSX:PKGP
Pakgen Power — FY2023 Earnings Presentation
12 slides from Pakgen Power's earnings presentation, May 20, 2024
Slide 1: Pakgen Power Limited Corporate Briefing Session
PAKGEN POWER LIMITED Corporate Briefing Session on Annual Audited Accounts for the Financial Year ended December 31, 2023
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, 2023
Statement of Financial Position As at December 31, 2023 2023 2022 2023 2022 (Rupees in thousand) (Rupees in thousand) EQUITY AND LIABILITIES ASSETS SHARE CAPITAL AND RESERVES NON-CURRENT ASSETS Authorized share capital Fixed assets 3,869,927 4,498,749 400,000,000 (2022 : 400,000,000) Long term inves
Slide 4: Statement of Profit or Loss and Other Comprehensive Income
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2023 2023 2022 (Rupees in thousand) REVENUE FROM CONTRACT WITH CUSTOMER 20,836,512 45,833,179 COST OF SALES (15,149,438) (42,359,309) GROSS PROFIT 5,687,074 3,473,870 ADMINISTRATIVE EXPENSES (329,817) (260,865
Slide 5: Financial Highlights
Financial Highlights Rs in million 2023 2022 7,000 5,687 5,863 6,000 5,000 4,000 3,474 3,136 3,000 2,000 1,000 ‐ Gross Profit Profit after tax 35.0 2023 2022 30.0 27.3 28.1 25.0 20.0 15.76 15.0 10.0 7.6 8.43 6.8 5.0 ‐ Gross Profit %age Net Profit %age Earning per Share Rs.
Slide 6: Financial Highlights
Financial Highlights The Company has earned a profit after tax of Rs.5.863 billion as against a profit of Rs.3.136 billion earned during the previous year. The profit in current year has increased by Rs.2.727 billion, because of low dispatch in current year which helped the Company minimize its fu
Slide 7: Operational Highlights
Operational Highlights Capacity Utilization (%age) 2023 vs 2022 70% 60% 50% 40% 30% 20% 10% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 2022
Slide 8: Strategic/Operational Developments
Strategic/Operational Developments In response to load demanded by CPPA-G, the Pakgen plant operated at capacity factor of 9.6% (2022: 36.7%) and availability of 84.7% (2022: 95.4%) and dispatched 294.045 GWh (2022: 1,123.721 GWh) of electricity during the year. Continuous efforts are being made t
Slide 9: Challenges
Challenges Trade Debts Rs.Mln 25,000 20,586 20,000 18,913 14,717 15,000 10,868 10,000 6,852 5,000 ‐ 31‐Dec‐19 31‐Dec‐20 31‐Dec‐21 31‐Dec‐22 31‐Dec‐23
Slide 10: 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 11: Questions and Answers
Questions and Answers
Slide 12: Thank You
Thank You