KEGOC presented its performance, achievement of strategic KPIs, and investment project progress in 2021 at the Issuer's Day held in a hybrid format (online-offline) for investors, professional participants in the securities market and media representatives.
Ms. Aigul Akimbayeva, managing director for finance and accounting, noted that KEGOC, as the system operator, delivers high-quality work to manage the unified power system (UPS) of Kazakhstan and ensure reliable power supply to consumers in the country.
Over the past three years, both production and financial performance has increased. In 2021 the volume regulated electricity transmission services amounted to 54.65 billion kWh, which is 18.4% more than in 2020. The net income in 2021 amounted to KZT 52.6 million.
According to Ms. Akimbayeva, since its incorporation in 1997, KEGOC has been one of the key national power assets and makes a significant contribution to the development of the national economy.
In order to ensure the reliability of power supply to consumers and the sustainable development of the UPS of Kazakhstan, KEGOC has been implementing several major investment projects. Including Rehabilitation of 220-500 kV OHTLs at Aktyubinskiye MES branch, Sarbaiskiye MES branch and Zapadnye MES branch of KEGOC, and West Kazakhstan Electricity Transmission Reinforcement Project: Construction of Power Grid Facilities. Turkestan External Power Supply Reinforcement Project is at the completion stage with 220 kV Ortalyk substation planned to go live this summer.
Since the IPO in 2014, the company has paid dividends totalling about KZT 188 billion, including KZT 35.2 billion in 2021, which is KZT 135.6 per share. The size of the final yearly dividend payments increased from KZT 8.6 billion in 2014 to KZT 39.5 billion in 2020, or 4.6 times.
KEGOC pays dividends to shareholders twice a year. It should also be noted that the existing legislation, the charter and the dividend policy of issuer allow allocating up to 100% of net income for dividends payment for the reporting period.
“KEGOC shares showed a trend of high liquidity and growth stability. Since the start of the People's IPO programme, the total market value of the company's shares has grown by more than 370%, or from KZT 131 billion to 486 billion, thereby increasing the profitability for the shareholders.” - noted the speaker.
The meeting participants also were presented with the company's future plans, in particular, the development of a predictive model for the development of the National Power Grid until 2035, as well as measures to ensure the safe integration of growing volumes of renewable energy into the energy system.
The aim of the Issuer's Day is to disclose information on the company's performance in 2021, ongoing and long-term plans, and the market value of shares.