Kuwait is key OPEC Member and worlds third biggest oil exporter. Presently Oil and Gas Sector Opportunity from Kuwait is over 100 Billion. The Oil sector is under massive expansion. In this market there is fantastic investment opportunity.

1. Pearl of Kuwait
Growing Together an Investment Opportunity

2. Opportunity
• Opportunity to Invest in Kuwaiti
Electromechanical (E.P.C.)Contracting
Company.

3. The Company
• The Electrometrical Contracting Company
recognized with KOC, KNPC, CTC, etc
• 12 Years of working experience with Oil, Gas
and Power Sector.
• Continuously making profit
• Very good order book.
• Very good future winning positions.
• Large and established work force.

4. Order Book
• Existing Work Order More than 7 million
KD.
• Winning Positions 10 million KD.
• Bidding Positions 25 million KD.
• Future Opportunities… Development Plan
and Existing Maintenance Work.

5. The Opportunity
• The new development plan has 110 billion USD investment.
• Clean fuel project worth 16 billion USD is under implementation.
• New Refinery worth 15 billion USD will be executed.
• Up gradation of existing facilities will have significant market
opportunity.
• Apart from this regular maintenance will be there.
• KPC announced a $100-billion capital spending plan over five
years encompassing both the upstream and the downstream
sectors. The Clean Fuels Project (CFP) will upgrade Kuwait's
existing refineries. The planned overhaul of Kuwait's refining
sector includes building a new al-Zour refinery, shutting down
the al-Shuaiba refinery, and retiring old units and installing new
components at the remaining refineries.

6. The Opportunity
• Kuwait is also expanding its gas processing infrastructure to
meet rising domestic demand. Daelim of South Korea is
currently constructing Kuwait's fourth and largest gas
processing plant with 800 MMcf/d of capacity.
• Kuwait is in the planning stages to bring on an additional
power plant, Al-Zour North, with a generating capacity of 1.5
GW by 2015 and plans to nearly double its generation capacity
by 2017 in an effort to meet an anticipated peak demand of 25
GW by 2025.
• Five other power plants, including al-Zour North, are in various
stages of development to achieve the forecast capacity and
bring an adequate buffer between peak demand and
generation capacity.

7. Market Size
JO KOC KNPC MEW Total Time
Existing Tanks - needs Repair No's 122 200 200 120 642 2014-2018
New Tanks No's 30 75 60 50 215 2014-2020
New Tanks KD 30,000,000 75,000,000 50,000,000 4,500,000 159,500,000 2014-2018
Tank Repair and Maintenance KD 30,000,000 55,000,000 40,000,000 25,000,000 150,000,000 2014-2018
Blasting and Painting KD 10,000,000 30,000,000 20,000,000 15,000,000 75,000,000 2014-2020
Mechanical Work 25,000,000 45,000,000 60,000,000 5,000,000 135,000,000 2014-2018
Manpower Supply /Tenders - - - - 12,000,000 2014-2020
Other Work 2,000,000 15,000,000 12,000,000 2,000,000 31,000,000 2014-2018
Other Infrastructure Sector - - - - 15,000,000 2014-2020
Total 97,000,000 220,000,000 182,000,000 51,500,000 577,500,000 562500000
Annual Work 2014 2015 2016 2017 2018 Total
JO/PNG 19,400,000 19,400,000 19,400,000 19,400,000 19,400,000 97,000,000
KOC 44,000,000 44,000,000 44,000,000 44,000,000 44,000,000 220,000,000
KNPC 36,400,000 36,400,000 36,400,000 36,400,000 36,400,000 182,000,000
MEW 10,300,000 10,300,000 10,300,000 10,300,000 10,300,000 51,500,000
Manpower 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 12,000,000
Other 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 15,000,000
Total 115,500,000 115,500,000 115,500,000 115,500,000 115,500,000 577,500,000

8. Financials
Particulars 2013 2014 2015 2016 2017 2018 2019
Income from operations 2,122,314 2,250,000 2,925,000 3,802,500 4,943,250 6,426,225 8,354,093
Cost of Operations 1,363,561 1,417,500 1,813,500 2,319,525 2,965,950 3,855,735 5,012,456
Gross of Profit 758,753 832,500 1,111,500 1,482,975 1,977,300 2,570,490 3,341,637
Total Expenses 593,861 613,089 724,404 757,069 821,693 888,394 927,298
Operating (Losses)/Profit 164,892 219,411 387,096 725,906 1,155,607 1,682,096 2,414,339
Net Profit for the year 102,526 187,815 320,705 601,995 988,753 1,436,074 2,112,013
Cost of Financing 69,444 31,596 66,391 123,911 166,855 246,022 302,326

9. Comparables
Comparable
KCPC CG Average
Price / Book Value 1.12 3.39 2.255
P / E 11.38 29.12 20.25
Current Ratio 1.11 1.38
Debt Equity Ratio 1.34 3.81
Return on Assets 4.20% 2.42% 3.31
Return on Equity 9.85% 11.65% 10.75

10. Coming RFP Work
Plan
Project List Project Title
Contract
Value approx.
KWD
Remark
1
Construction of New Gathering
Centre (GC-31) at North Kuwait
228.1 MN
2
Effluent Water Treatment & Injection
Plant
267.4 MN
3 Construction of New Gathering
Centre (GC-29)
194.2 MN
4
Construction of New Gathering
Centre (GC-30) a
239.6 MN
6
JGC Corporation (Japan)/SK
Engineering & Construction
1.36.Bn
7 Fluor (US)/Hyundai Heavy
Industries/Daewoo Engineering &
962 Mn
8 Consortium, GDF 505 Mn
All Project awarded
5
Petrofac (UK)/Samsung Engineering
(South Korea)/CB & Netherland -
Petrofac - MAB 1 –
1.07.Bn

11. Dr. Zia Ahmed
Venture Art Advisors
Zia@milestonevision.com
CUSTOMIZED SOLUTION TO CUSTOMERS SATISFACTION
ETHICAL TRANSPARENT SUSTAINABLE