Engro Powergen Qadirpur Limited

Analyst Briefing Q1 2017

April 21, 2017

Engro Corporation Portfolio

Engro Corporation

Engro Fertilizers

56.5%

Engro Foods

40.0%

Engro Eximp Agri Products

100%

Engro Powergen

100%

Engro Powergen Qadirpur

68.9%

Sindh Engro Coal Mining

12.8%

Engro Powergen Thar

50.1%

GEL Utility Limited

45%

Engro Polymer & Chemicals

56.2%

Engro Vopak

50%

Elengy Terminal Pakistan

80%

Engro Elengy Terminal

100%

Engro Foundation

Key Highlights for Q1 2017

EPQL achieved PAT of PKR 669 M for Q1 2017 vs PKR 459 M in Q1 2016

Plant demonstrated a Billable Capacity Factor of 100.6% in Q1 2017 vs 99.9% last year

Management negotiated 110 M from insurance against the damages due to Guddu Transformer Failure

Plant Load Factor was 98.3% in Q1 2017 vs 21.1% (Lower Load Factor in Q1 2016 was due to Guddu Transformer failure at NTDC end)

Overall Liquidity remained under control

1,421

994 876

1,148 1,244

1,175

1,364

982 1,073

879 1,037

1,270

-

500

1,000

1,500

2,000

4Q2015 1Q2016 2Q2016 3Q2016 4Q2016 1Q2017

PK

R in

MN

EPQL - Billing & Receipts (excluding DPI)

Average Monthly Billing Average Monthly Receipts

*Exclusive of GIDC amounts

1,073 961 1,380 786 856 997 1,488 856 766 1,189 840 1,782

1,004838

386 702 723

855

805

1,146

1,394

1,726

2,257

1,568

Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17

PEPCO Receivables (in PKR Mn)

Reciepts - LHS Total overdue Receivables (Exc. Interest) - RHS

461

99

Q1 - 2017 Q1 - 2016

Net Electrical Output (Gw)

98.3%

21.1%

Q1 - 2017 Q1 - 2016

Load Factor100.6% 99.9%

Q1 - 2017 Q1 - 2016

Billable Availability Factor

669

368

Q1 - 2017 Q1 - 2016

PAT (Pkr Mn)

Lower due

to Guddu

transformer

issue

Lower due

to Guddu

transformer

issue

368

669

120

59

110

12

Q1 2016 O&M recovery Operational Cost Other Income Finace Cost Q1 2017

2.07 1.14

Q1 2017 Q1 2016

Profitability Analysis

(Amounts in PKR )

Earnings per share

(Amounts in PKR Mn)

Q1 2016 higher Var O&M recovery

because of last year’s Guddu

Transformer issue

Insurance Income (Claim

received against Guddu)

Lower Admin / Finance

cost due to better

management control

Savings in Fixed

Cost (permanent

and temporary)

Thank you.

Any Questions?