To advance our strategic goals and initiatives, corporate key performance indicators (KPIs) are set annually for KMG’s management. These KPIs are developed taking into account the Company’s priority objectives and a need to strike a balance between production, financial, and sustainability metrics. The list of KPIs includes mandatory indicators related to industrial and occupational safety. At the end of each year, the assessment of performance against these KPIs is used to determine the remuneration of KMG employees who are subject to the performance evaluation.
The 2023 corporate KPIs and functional KPIs of the Management Board members were aimed at successfully implementing investment projects, achieving planned production and financial targets, and fulfilling our ESG goals.
Improved efficiency across the Company’s value chain
Performance under priority investment projects
80% (2022: 54.02%)
Scheduled project activities were completed as part of four out of five projects:
Upgrade and expansion of the Astrakhan–Mangyshlak water pipeline
Construction of a desalination plant in Kenderly with a daily capacity of 50,000 m3
Integrated gas chemical complex construction (Phase 2 – polyethylene production)
Construction of a new gas processing plant in Zhanaozen
23,490In accordance with the asset list included in the calculation of target KPIs. KMG’s total oil and gas condensate production was 23,532 thous. tonnes.thous.tonnes(2022: 22,012 thous.tonnes)
This indicator measures oil and gas condensate production from operating assets and major oil and gas assets attributable to the Company.
This indicator measures the Company’s profitability and shows the percentage of revenue retained by the Company before taxes, interest on loans, and depreciation and amortisation.
This indicator measures return on invested capital.
43.1% = (Closing share price at the end of 2023 (29 December 2023) of KZT 11,541 – Initial share price (at IPO on 8 December 2022) of KZT 8,406 + Dividends of KZT 491.71 per share) / Initial share price (at IPO on 8 December 2022) of KZT 8,406 * 100%