Kohinoor Energy : Corporate Briefing Presentation 2023

COR

KOHINOOR

ENERGY LIMITEDPORATE

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COR

KOHINOOR

ENERGY LIMITEDPORATE

1	Company's Profile
2	Sponsors' Profile
3
Shareholding Pattern
4	Company's Strength
5	Working Capital
6	Yearly Despatches
7
Turnover / Net Profit of last 5 years

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COR

KOHINOOR

ENERGY LIMITEDP

9	Earning Per Share (EPS) and dividends declared
	for last 5 years
9	Dividend Payout History
10	Challenges
11
Corporate Social Responsibility
12	Q & A Session

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KOHINOORCompany Profile

ENERGY LIMITEDP

Kohinoor Energy Limited (KEL) was established by Saigols Group of Companies (a well-knownmulti-industrial group of Pakistan) and Toyota Tsusho Corporation (an eminent consortium of multi-industrial undertakings of Japan.

The main equipment at power complex includes eight (8) WARTSILA Diesel 18V46 Type Diesel Generators, Steam Turbine and three (3) ABB 63 MVA Step-Up Transformers converting the Electrical Output from 11 kV to 132 kV

The principal activities of the Company is to own, operate and maintain a furnace oil power station with the net capacity of 124 MW.

KEL has an exclusive 30-years Power Purchase Agreement (PPA) with CPPA-G (the power purchaser) & an exclusive 30-years Fuel Supply Agreement (FSA) with Pakistan State Oil (the fuel supplier).

As a security package, KEL also entered into an Implementation Agreement (IA) with the Government of Pakistan (GOP), which guarantees performance of the power purchaser and the fuel supplier.

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KOHINOORSponsors' Profile

ENERGY LIMITEDP

Saigols Group of Companies

Saigols group stands as a leading group in the industrial and commercial sector of Pakistan and holding majority share holding in the Company. Major businesses of the group comprises Textiles, Home Appliances, Electrical equipment manufacturing and Power Generation.

Now the Saigols hold majority of 62% shareholding in the Company.

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KOHINOOR	Shareholding Pattern
ENERGY LIMITEDP

	Shareholding %
	Wartsila
Saigols	Finland, 2%
Group, 62%

Saigols Group

Wartsila Finland

General Public

General

Public, 36%

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KOHINOORCompany's Strength

ENERGY LIMITEDP

• Under the Implementation Agreement with the GOP, performance of the Power Purchaser and the Fuel Supplier, are guaranteed.
• KEL, in its Annual Dependable Capacity Test which was done on June 02, 2023 the company demonstrated 128.66 MW capacity more than the contractual obligation i.e. 124 MW.
• KEL is a debt free company, as it has completely repaid, all of its long term debts without any default.

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KOHINOORWorking Capital

ENERGY LIMITEDP

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

-

					7,367
					6,917
	6,194
		4,880
	3,819		4,112	4,699	4,769
			2,697					1,751

2019	2020	2021	2022	2023
	Current Assets (Rs. in mil)		Current Liabilities	(Rs. in mil)

As at Dec 31, 2023, Current Assets & Current Liabilities were Rs. 5,544 mil and Rs. 3,531 million respectively.

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COR	Yearly Dispatches
KOHINOOR
ENERGY LIMITEDP

Despatch %

50.00%

45.00%

40.00%

35.00%

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

47.00%

35.67%

33.41%

31.04%30.30%

2019

2020

2021

2022

2023

Despatch for the half year ended Dec 31, 2023 remained at 19.11%.

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KOHINOOR

ENERGY LIMITEDP

Turnover / Net Profit of last 5

years

16,000						2,000
14,000						1,800
			14,538	12,583
				1,600
12,000				1,507
			1,573	1,400
10,000			1,199			1,200
8,000	7,505	7,549	1,037			1,0001,000
			6,752
6,000						800
4,000	551					600
					400
2,000						200
-						-

2019	2020	2021	2022	2023
Total Turnover (Rs. in million)	Net Profit	(Rs. in million)

Turnover and Net Profit for the half year ended Dec 31, 2023 were Rs. 5,150 mil & Rs. 757 mil respectively.

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