OGDCL
Overview & Financial Analysis
By: Hamid Javaid
October 04, 2012
HISTORICAL PERSPECTIVE
Corporate Milestones
20 September 1962: Year of Establishment
To undertake exploratory program and promote Pakistans oil and gas prospects
July 1989: Made Self-Financing October 1997: converted to Public Limited Company November 2003: Initial Public Offering December 2006: Company listed on London Stock Exchange 2009: GoP transferred 12% of its holding to employees
August
BUSINESS MILESTONE
1966: Sari / Hundi Gas 1980s: Years of multiple discoveries
1990s: Major discoveries including Qadirpur, Uch, Tando Alayaar
1990+: Ongoing Discoveries
CURRENT STANDING
Presence in all the four provinces of Pakistan. Robust financial health.
Trained and experienced Human Resource base comprising of 10,500 plus employees.
Largest single company exploration acreage.
40+ producing fields of oil & gas.
FINANCIAL ANALYSIS
PROFITABILITY
Increase in sales revenue by 27.12% in FY12 with total sales revenue of Rs. 197.84 Billion
Net Sales
Net Sales
Quantity Sold
Quantity Sold
15,037
198
126 101
14,438 13713 13,930 13,343 13,224
131
143
156
2007 2008 2009 2010 2011 2012
2007 2008 2009 2010 2011 2012
LIQUIDITY
250
200
150
100
Current Assets Current Liabilities Cash & Equi
50
0
2007 2008 2009 2010 2011 2012
CAPITAL STRUCTURE
100 % equity financed Nature of the Business
Capital Reserves & Retained Earnings in Billions
250 200 150 100 50 0 2007 2008 2009 2010 2011 2012 Capital Reserves & Retained Earnings in Billions
RETURN ON AVERAGE CAPITAL EMPLOYED
Return
50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2007 2008 2009 2010 2011 2012
Return
VALUATION
25
20
15 EPS P/E
10
0 2007 2008 2009 2010 2011 2012
FUTURE CONCERNS
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