31‐Oct‐23
WELCOME
CORPORATE BRIEFING SESSION
NOVEMBER 07, 2023
For the year ended June 30, 2023
ATTOCK PETROLEUM LIMITED
1
31‐Oct‐23
GROUP COMPANIES
Attock Group of Companies is the only fully integrated group covering all segments of oil and gas industry from exploration, production and refining to marketing of petroleum products, besides being also
engaged in power generation, manufacturing and trading of cement etc.
www.apl.com.pk
INCORPORATION AND
SHAREHOLDING STRUCTURE
- APL was incorporated in 1995 with investments from Pharaon Investment Group Limited, The Attock Oil Company Limited and its Group Companies.
CURRENT SHAREHOLDING | ||
Pharaon Investment Group Limited Holding SAL | 34.38% | |
Attock Refinery Limited | 21.88% | |
APL Employees Welfare Trust | 7.04% | |
Pakistan Oilfields Limited | 7.02% | |
Directors/Executives | 6.83% | |
The Attock Oil Company Limited | 2.20% | |
General Public/Other Institutional Shareholders | 20.65% | |
Total | 100.00% | |
www.apl.com.pk
2
31‐Oct‐23
HIGHLIGHTS 2022-23
1. 3rd largest Oil Marketing Company in the Country (10.1% Market Share)
- Commissioned 70 Company Financed and Company Owned & Company Operated state-of-the-art Retail Outlets
- Commissioned 32 new retail outlets and phased out 09 retail outlets under a retail network purification plan, during the year.
-
Commissioned 754 Retail Outlets spread across the Country (June 2023)
Total Storage Capacity of 192,397 M.Tons at eight depots Rawalpindi, Machike - (Sheikupura), Sahiwal, Korangi (Karachi), Port Qasim (Karachi), Mehmoodkot, Daulatpur and Shikarpur.
www.apl.com.pk
HIGHLIGHTS 2022-23
-
Construction of Bulk Oil Terminals at Dera Ismail Khan is underway and expected to be completed by end of 2023, adding 17,500 M. tons of storage capacity .
Country's largest Fuel Farm Facility at Islamabad International Airport in Joint - Venture with another OMC having a storage capacity of 10,000 M.Tons serving aviation fuel to leading domestic and international airlines.
Established a dedicated pipeline connecting Fauji Oil Terminal & Distribution - Company (FOTCO) Jetty to APL Port Qasim Terminal, facilitating the start of imported product reception at our Port Qasim Terminal.
Expanding into the Liquefied Petroleum Gas (LPG) market to seize profitable - opportunities, with all required approvals secured for a state-of-the-art storage and filling facility.
10. Unveiled very own café, "At-Café", situated strategically within the bustling retail hub of Blue Area, Islamabad
www.apl.com.pk
3
31‐Oct‐23
OVERALL MARKET SHARE
2022-23 vs 2021-22
Percentage
75
50
25
0
Jul - Jun 2022-23(Quantity in M. Tons)
APL | 1.74 Million | 25% | ||||||
49.750.6 | Industry | 17.40 Million | 26% | |||||
Jul - Jun 2021-22(Quantity in M. Tons) | ||||||||
APL | 2.32 Million | |||||||
Industry | 23.43 Million | |||||||
10.2 9.3 | 10.110.0 | 7.5 | 7.7 | 6.9 | 12.0 12.2 | |||
5.6 | 2.4 2.2 | |||||||
2.5 1.1 | ||||||||
PSO | TPPL | APL | Shell | GO | Hascol | P.Pearl | Other 24 | |
OMCs | ||||||||
2% | 9% | 1% | 3% | 19% | 123% | 11% | 2% |
Source: OCAC (Oil Companies Advisory Council) Report
www.apl.com.pk
FINANCIAL PERFORMANCE FOR THE YEAR
ENDED JUNE 30, 2023
(compared with last financial year)
www.apl.com.pk
4
31‐Oct‐23
Rupees In Million
FINANCIAL PERFORMANCE FOR THE YEAR
Profit & Loss
Industry Sales Volume (Qty in M.Tons) | 17,402,001 | 23,427,038 | 26% | |||||
APL Sales Volume (Qty in M.Tons) | 1,841,391 | 2,411,338 | 24% | |||||
Average Selling Price (Rs./M.Ton) | 264,861 | 165,212 | 60% | |||||
41,003 | Gross Sales Revenue (Rs. in Million) | 487,718 | 398,384 | 22% | ||||
45,000 | ||||||||
Earnings Per Share (Rs./Share) | 100.15 | 148.99 | 33% | |||||
40,000 | ||||||||
32,760 | 30,610 | |||||||
35,000 | ||||||||
26,071 | ||||||||
30,000 | 20,385 | |||||||
25,000 | 18,407 | 18,536 | ||||||
20,000 | 12,461 | |||||||
15,000 | ||||||||
10,000 | ||||||||
5,000 | ||||||||
0 | Gross Profit | Operating Profit | Profit before Tax | Profit after Tax | ||||
36% | 44% | 33% | 33% |
www.apl.com.pk | 2022-23 | 2021-22 | ||
PERFORMANCE FOR THE YEAR
Sales Volume Break-Up
Total Sales Volume (Qty in M.Tons) 1,841,391 2,411,338 24%
Volumes in M.Tons
800,000
700,000611,847
600,000
500,000 421,653
400,000 | ||||
300,000 | 232,685 | |||
200,000 | 146,900 | 89,854139,375 | 93,676 | |
67,204 | ||||
80,684 | ||||
100,000 | 48,183 | |||
0 | ||||
Furnace Oil | High Speed Diesel | Bitumen | Jet Petroleum | Others |
(Aviation) | ||||
31% | 37% | 36% | 16% | 28% |
Industrial Sales
2022-23
734,636
625,194
533,276
404,598
11,631
11,333 | ||
Premier Motor | High Speed Diesel | Others |
Gasoline | ||
15% | 24% | 3% |
Retail Outlets Sales
2021-22
5
31‐Oct‐23
FINANCIAL PERFORMANCE FOR THE YEAR
Other Income & Expenses
Earnings Per Share (Rs./Share) | 100.15 | 148.99 | 33% |
Rupees In Million
20,000 | 18,536 | |||||||
18,000 | ||||||||
16,000 | 14,323 | |||||||
14,000 | 12,461 | |||||||
12,000 | 10,215 | 9,408 | ||||||
9,383 | ||||||||
10,000 | ||||||||
8,000 | ||||||||
6,000 | 3,213 | |||||||
4,000 | 1,731 | 1,623 | ||||||
349 | ||||||||
2,000 | 21 | |||||||
0 | ||||||||
(2,000) | (11) | |||||||
Other Income | Net impairment | Net Finance Income | Operating Expenses | Other Charges & Provision | Profit for the Year | |||
(loss)/reversal on | for Taxation | |||||||
financial assets |
7% 103% 15,200%8% 34% 33%
www.apl.com.pk | 2022-23 | 2021-22 | ||
QUARTERLY PERFORMANCE COMPARISON
Rupees In Million
19,910
20,000
18,000
16,000
14,000
12,000
10,000 | 7,859 | 8,540 | |
7,289 | |||
8,000 | |||
6,000 | 4,694 | 4,221 | 4,638 |
4,000 | 2,388 |
2,000
0
Jul‐Sep Oct‐Dec Jan‐Mar Apr‐Jun
9,991
7,832 | ||
6,294 | ||
4,290 | 4,298 | |
1,954 | 2,625 | |
1,248 |
Jul‐Sep Oct‐Dec Jan‐Mar Apr‐Jun
2021‐22 | 2022‐23 | |
GROSS PROFIT | NET PROFIT | |
www.apl.com.pk
6
31‐Oct‐23
DETAIL OF STORAGE CAPACITIES
As at June 30, 2023
STORAGE TERMINAL | M. TONS | |
1. | Rawalpindi Bulk Oil Terminal | 19,420 |
2. | Machike Bulk Oil Terminal | 60,998 |
3. | Korangi Bulk Oil Terminal | 14,468 |
4. | Mehmoodkot Bulk Oil Terminal | 17,028 |
5. | Shikarpur Bulk Oil Terminal | 10,987 |
6. | Sahiwal Bulk Oil Terminal | 16,128 |
7. | Daulatpur Bulk Oil terminal | 13,887 |
8. | Port Qasim Bulk Oil Terminal | 39,481 |
Total | 192,397 | |
www.apl.com.pk
NUMBER OF RETAIL OUTLETS
As at June 30
Numbers
1000 | ||||
702 | 738 | 731 | 754 | |
800 | ||||
662 | ||||
600 |
400
200
0
2019 | 2020 | 2021 | 2022 | 2023 |
Years
www.apl.com.pk
7
31‐Oct‐23
PROVINCE-WISE SPREAD OF RETAIL OUTLETS
As at June 30, 2023
PROVINCE | URBAN | HIGHWAY | RURAL | TOTAL |
Punjab | 187 | 260 | 34 | 481 |
Sindh | 41 | 63 | 5 | 109 |
Khyber Pakhtunkhwa | 28 | 60 | 10 | 98 |
Balochistan | 1 | 4 | - | 5 |
Northern Areas | 3 | 6 | - | 9 |
Azad Jammu-Kashmir | 12 | 10 | 1 | 23 |
Islamabad | 22 | 6 | 1 | 29 |
TOTAL | 294 | 409 | 51 | 754 |
www.apl.com.pk
PRICE BREAKUP OF PETROLEUM PRODUCTS
As at October 01, 2023
Ex-Refinery /Cost of Supply
Petroleum Levy
Inland Freight Equalization Margin (IFEM)
OMC's Margin
Dealer's Commission
Ex-Depot Price (excl. Sales Tax)
Sales Tax (0% on HSD & PMG)
Maximum Ex-Depot Sales Price
High Speed Diesel | Premier Motor Gasoline |
(Retail) | (Retail) |
Rs. Per Litre | Rs. Per Litre |
252.62 | 243.09 |
50.00 | 60.00 |
0.80 | 5.53 |
6.94 | 6.94 |
7.82 | 7.82 |
318.18 | 323.38 |
- | - |
318.18 | 323.38 |
www.apl.com.pk
8
31‐Oct‐23
550 | |
500 | |
450 | |
(%) | 400 |
350 | |
Percentage | |
300 | |
250 |
200
150
100
50
-
Paid up
Capital (Rs.)
Profit after
Tax (Rs.)
www.apl.com.pk
DIVIDEND HISTORY
0 | 25 | ||||||||
0 | 0 | 20 | |||||||
0 | |||||||||
0 | 0 | ||||||||
475 | 425 | 0 | 450 | ||||||
345 | 400 | 400 | |||||||
275 | |||||||||
0 | 270 | ||||||||
200 | |||||||||
90 | |||||||||
2013-142014-152015-162016-17 | 2017-182018-192019-20 | 2020-212021-222022-23 | |||||||
829m | 829m | 829m | 829m | 829m | 995m | 995m | 995m | 995m | 1,244m |
4,327m | 3,286m | 3,829m | 5,299m | 5,656m | 3,961m | 1,008m | 4,920m | 18,536m | 12,461m |
CASH DIVIDEND | BONUS ISSUE |
Rs/Share (Quarter end)
www.apl.com.pk
MARKET ANALYSIS
MOVEMENT IN MARKET VALUE PER SHARE ON PSX
FOR THE YEAR JULY - JUNE 2022-23
400
- 279 290 294 300
250
200 | 162 | 144 | 126 | |||||||||||||||||
150 | 118 | 111 | 107 | 116 | ||||||||||||||||
78 | ||||||||||||||||||||
100 | ||||||||||||||||||||
39 | ||||||||||||||||||||
50 | 26 | 24 | ||||||||||||||||||
21 | 6 | 6 | 6 | 6 | ||||||||||||||||
0 | Sep | Dec | Mar | Jun | Sep | Dec | Mar | Jun | Sep | Dec | Mar | Jun | Sep | Dec | Mar | Jun | Sep | Dec | Mar | Jun |
30 | 31 | 31 | 30 | 30 | 31 | 31 | 30 | 30 | 31 | 31 | 30 | 30 | 31 | 31 | 30 | 30 | 31 | 31 | 30 |
APL | PSO | Shell | Hascol | ||
Highest | 399.0 | 196.5 | 139.7 | 44.9 | 8.9 |
(Jul-Jun) Rs./Share | |||||
Lowest | 275.0 | 98.8 | 67.4 | 20.1 | 3.6 |
(Jul-Jun) Rs./Share | |||||
Paid-upCapital (as at Jun 30, 2023) | 124.42 | 469.47 | 214.02 | 139.20 | 999.12 |
No. of Shares (in Million) of Rs.10/- each | |||||
Market Capitalization | 37,356 Millions | 52,116 Millions | 24,752 Millions | 2,955 Millions | 5,545 Millions |
(as at Jun 30, 2023) Rs. |
9
31‐Oct‐23
CRUDE OIL PRICES | ||||||||||||||
FOR THE YEAR JULY - JUNE 2022-23 VS 2021-22 | ||||||||||||||
140 | ARAB LIGHT | |||||||||||||
120 | 113.0 | 116.4 | 109.0 | |||||||||||
100 | 117.3 | 99.3 | ||||||||||||
80.8 | 86.2 | 107.2 | 104.9 | 91.6 | 83.8 | 85.7 | 83.5 | |||||||
74.2 | 75.0 | 96.2 | 80.3 | |||||||||||
$/BBL | 80 | 93.8 | ||||||||||||
82.8 | 82.4 | 83.6 | ||||||||||||
75.5 | 77.7 | 77.2 | ||||||||||||
71.4 | ||||||||||||||
60 | ||||||||||||||
40 | ||||||||||||||
20 | ||||||||||||||
0 | ||||||||||||||
Arab Light | ||||||||||||||
JUL - JUN 2021-22 ($/BBL) | JUL - JUN 2022-23 ($/BBL) | |||||||||||||
MAX | AVG | MIN | MAX | AVG | MIN | |||||||||
Arab Light | 117.27 | 91.13 | 71.36 | 108.98 | 89.30 | 77.18 | ||||||||
www.apl.com.pk |
POL PRODUCTS PRICES
RUPEES/LITRE
320
280
240
200
160
120
80
40
FOR THE YEAR JULY - JUNE 2022-23 VS 2021-22
HIGH SPEED DIESEL
293.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
288.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
276.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
280.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
260.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
262.8 | 283.4 | 253.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
245.0 | 247.4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
235.3 | 235.3 | 275.8 | 279.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
235.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
275.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
227.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
261.4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
219.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
208.2 | 238.6 | 236.4 | 229.6 | 243.7 | 251.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
226.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
216.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
221.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
176.5 | 204.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
142.6 | 141.6 | 144.6 | 144.2 | 144.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
142.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
114.0 | 116.5 | 115.0 | 122.0 | 144.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
136.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
124.2 | 134.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
126.1 | 124.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
91.6 | 91.1 | 103.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
90.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ex‐Depot Sales Price | Cost Price* |
JUL - JUN 2021-22 | (Rs./Litre) | JUL - JUN | 2022-23 (Rs./Litre) | |||
MAX | AVG | MIN | MAX | AVG | MIN | |
Ex-Depot Sales Price | 263.31 | 141.66 | 113.99 | 293.00 | 254.60 | 227.80 |
Cost Price | 257.45 | 139.97 | 90.22 | 289.01 | 246.43 | 216.28 |
*Cost Price = Ex-Refinery Price + Petroleum Levy
Note: Prices are changed on fortnightly basis, however, here we have presented prices applicable at the beginning of the month only.
10
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Attock Petroleum Ltd. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 11:01:43 UTC.