Olp Modaraba · PSX:OLPM

Olp Modaraba — ORIX Modaraba — Investor Presentation (October 2021)

38 slides from Olp Modaraba's investor presentation, Oct 26, 2021

Slide 2: Corporate Briefing
Corporate Briefing 1 Modaraba Profile 2 Governance 3 Modaraba Sector 4 Operations 5 Financial Performance 6 Future Prospects Tuesday, October 26, 2021 ORIXM - Strictly Confidential - All Rights Reserved 2
Slide 5: ORIX Modaraba
ORIX Modaraba  ORIX Modaraba (ORIXM) was incorporated in May 1987 as First Grindlays Modaraba and started operation in August 1987.  In 2000, Standard Chartered Bank acquired the ANZ Grindlays so name of Modaraba was changed to Standard Chartered Modaraba (SCM).  In 2016, ORIX Leasing acquired SC
Slide 6: Shari'ah Advisor, Management Company and Credit Rating
ORIX Modaraba Management Company ORIX Services Pakistan (Private) Limited Shari’ah Advisor Mufti Faisal Ahmad Annual Shari’ah Audit Report is now part of Annual Accounts. CREDIT RATING Successfully maintained credit rating AA (Long Term) and A1+ (Short Term) assigned by Pakistan Credit Rating. AA A1
Slide 8: Human Resource Management
ORIX Modaraba Human Resource Management  Total staff strength as at June 30, 2021 is 54 (Permanent – 40, Contractual Associates – 6, Staff Strength Contractual Runner, Driver etc – 8) Quality of  This provided an excellent training for senior staff who later were prominent in public and staff corp
Slide 11: Governance Structure
Governance Structure BOD Board of Directors of Management Company Human Resource Audit Committee and Remuneration Risk Committee Mr. Shaheen Amin Chairman and Non executive Director Committee Mr. Raheel Qamar Ahmad Chief Executive Officer and Executive Director Chief Executive Mr. Nausherwan Adil Of
Slide 12: Risk Management Model
ORIX Modaraba Risk Management Model - Credit Policy development - Credit Procedures development - Collateral Management Credit Policy policy development - SAM policy development - Portfolio Shape Working Credit Credit - Risk Triggers Working - BCA Review - VAR Estimation (LGD/EL) Analytics Approvals
Slide 15: Shari'ah Governance
ORIX Modaraba Shari’ah Governance Shari’ah  Conduct Shari’ah review and report on yearly basis. Advisor  Advise on certain Shari’ah related matters on day to day basis. Shari’ah  Monitor transaction on the basis of Shari’ah Guidelines. Auditor  Report findings to Shari’ah Advisor and Board Audit
Slide 17: Modarabas in Pakistan
Modarabas in Pakistan  To promote Islamic financing in the country Modarabas as a corporate entities were floated and Modaraba Industry Statistics established in the decade of 1980. This was the first 60,000 PKR in Million Islamic financial model introduced globally. 54,084 52,670 52,670 50,000 44,
Slide 18: Return on Equity and Earning per Certificate
Return on Equity (%) Earning per certificate (Rs.) 0.98 7.00% 2016 2016 2.83 14.87% 7.00% 1.31 2017 2017 11.03% 2.65 3.49% 0.59 2018 2018 10.47% 2.78 -6.03% -0.96 2019 10.92% 2019 2.81 -10.56% -1.53 2020 10.92% 2020 3.36 Industry ORIXM Industry ORIXM Tuesday, October 26, 2021 ORIXM - Strictly Confid
Slide 19: Dividend Payout – ORIX Modaraba vs. Modaraba Sector
DIVIDEND PAYOUT – ORIX MODARABA Vs. MODARABA SECTOR 858 2016 154 1,094 2017 123 1,133 2018 113 937 2019 113 886 2020 132 0 200 400 600 800 1,000 1,200 2020 2019 2018 2017 2016 MODARABA SECTOR 886 937 1,133 1,094 858 ORIXM 132 113 113 123 154 Tuesday, October 26, 2021 ORIXM - Strictly Confidential -
Slide 21: Business Model
ORIX Modaraba BUSINESS MODEL ORIX Modaraba is a perpetual Modaraba and is primarily engaged in providing Islamic finance facilities to Corporates, SMEs and individuals. Our philosophy is to build a strong, meaningful relationship with our partners. This means understanding their core needs and trans
Slide 23: Sector Diversification
Sector Diversification INDIVIDUALS (ASSURANCE) MISCELLANEOUS 11.97% 34.01% TEXTILE 10.37% SERVICES 9.39% PRINTING & PACKAGING 7.19% PHARMACEUTICALS 3.58% STEEL AUTOMOBILE PARTS & OTHERS BUILDERS / CONSTRUCTION 7.14% 4.23% ACCESSORIES 3.70% LOGISTICS 4.35% 4.08% Tuesday, October 26, 2021 ORIXM - Stri
Slide 24: Product Diversification
Product Diversification Others Housing Finance Sukuks 0.1% Motor Vehicles 8.3% 1.0% Motor Vehicles 35.1% Computer Equipment Plant & Machinery 0.0% Computer Equipment Others Housing Finance Sukuks Plant & Machinery 55.4% ORIXM - Strictly Confidential - All Rights Reserved 24 Tuesday, October 26, 2021
Slide 27: Financial Highlights
ORIX Modaraba Financial Highlights Assets  One of the largest Modaraba of the country.  ORIX Modaraba has the largest retail Certificate of Musharika portfolio of PKR 2.138 billion in entire Modaraba Deposits Sector.  Record history of cash dividend pay out through out the period ranges from 16%
Slide 28: Break-up and Market Value per Certificate
ORIX Modaraba 30.00 642 25.53 25.88 25.57 25.29 25.34 25.92 700 615 592 608 601 610 25.00 25.00 23.33 600 567 559 553 547 541 534 20.00 17.50 18.00 500 16.61 15.50 400 15.00 300 10.00 200 5.00 100 - - 2021 2020 2019 2018 2017 2016 2021 2020 2019 2018 2017 2016 2021 2020 2019 2018 2017 2016 2021 2020
Slide 29: Net Profit, Dividend, Portfolio and Disbursements
ORIX Modaraba 173 180 7,000 6,225 6,327 153 5,863 154 5,570 160 6,000 5,449 132 127 126 128 4,838 140 120 123 5,000 113 113 113 120 3,742 4,000 100 3,305 80 2,682 3,000 2,419 2,412 2,199 60 2,000 40 1,000 20 - - 2021 2020 2019 2018 2017 2016 2021 2020 2019 2018 2017 2016 2021 2020 2019 2018 2017 201
Slide 30: Profit or Loss
ORIX Modaraba Profit or Loss 2021 2020 2019 2018 2017 2016 Amount in Rs. million Income from Ijarah financing 275 353 313 286 301 319 Income from Musharaka financing 307 447 340 134 98 166 Fee Income on financing facilities 72 65 73 90 58 27 Income from Bank deposits 39 57 20 13 13 17 Total Income f
Slide 31: ROCE, ROE & Dividend Yield
25% ORIX Modaraba ROCE, ROE & DIVIDEND YIELD 20% 15.05% 16.13% 16.57% 15% 13.89% 13.07% 11.03% 10.92% 10.92% 10% 11.57% 10.47% 5% 2.10% 2.14% 2.52% 0% 2.80% 2.24% 2017 2018 2019 2020 2021 ROCE Return on equity Dividend Yield Tuesday, October 26, 2021 ORIXM - Strictly Confidential - All Rights Reserv
Slide 32: P/E & Dividend Payout
ORIX Modaraba P/E & Dividend Payout 95.55% 9.00 120.00% 8.00 94.32% 90.00% 89.02% 86.29% 100.00% 7.00 6.00 80.00% 5.00 60.00% 4.00 8.26 3.00 6.27 6.41 40.00% 5.58 5.21 2.00 20.00% 1.00 0.00 0.00% 2017 2018 2019 2020 2021 P/E Multiple Dividend payout Tuesday, October 26, 2021 ORIXM - Strictly Confide
Slide 33: Statement of Financial Position
ORIX Modaraba Statement of Financial Position June June June June June June Amounts in Rs. million 2021 2020 2019 2018 2017 2016 Cash & Bank Balances 769 1,038 432 409 367 267 Ijarah Assets 2,244 2,632 3,140 3,833 4,451 3,638 DM Financings 3,326 3,231 3,085 2,494 998 1,199 Other Assets 411 345 309 2
Slide 34: Balance Sheet Ratios and Certificate Value
ORIX Modaraba 1.63 Balance Sheet Ratios 2 1.49 1.21 1.46 2 1.28 1 1.72 1 1.3 1.47 1.26 1.11 0 0 2017 2018 2019 2020 2021 Debt to equity Finance Charges Cover Ratio ORIXM Certificate Value 25.92 25.34 25.29 25.57 25.88 25.53 30 17.5 20 25.00 23.33 15.5 18 10 16.61 0 2016 2017 2018 2019 2020 2021 Brea
Slide 35: ORIXM Funding Profile
ORIX Modaraba 7000 ORIXM FUNDING PROFILE (Rs. in M) 6000 5000 3,872 2,786 3,127 4000 3251 2,751 3000 2,794 2000 1,934 1,636 1398 1,240 947 328 1000 1159 1,174 1,160 1,148 1,150 1,176 0 2021 2020 2019 2018 2017 2016 June June June June June June (Rupees in Millions) Equity Bank Borrowings Certificate
Slide 37: The way Forward
The way Forward In the current economic We intend to diversify The thought leader environment, the clientele and product, status of ORIXM will Modaraba is treading use group intelligence be used to create carefully given the and resources and differentiation in its twin risks of effect of augment fi

ORIX Modaraba — Investor Presentation (October 2021) on 6ix

Olp Modaraba — ORIX Modaraba — Investor Presentation (October 2021)

Slide 1: Corporate Briefing

Slide 2: Corporate Briefing

Slide 3: Modaraba Profile

Slide 4: Company Timeline

Slide 5: ORIX Modaraba

Slide 6: Shari'ah Advisor, Management Company and Credit Rating

Slide 7: Awards & Achievements

Slide 8: Human Resource Management

Slide 9: Organogram

Slide 10: Governance

Slide 11: Governance Structure

Slide 12: Risk Management Model

Slide 13: Risk Management Parameters

Slide 14: Shari'ah Governance

Slide 15: Shari'ah Governance

Slide 16: Modaraba Sector

Slide 17: Modarabas in Pakistan

Slide 18: Return on Equity and Earning per Certificate

Slide 19: Dividend Payout – ORIX Modaraba vs. Modaraba Sector

Slide 20: Operations

Slide 21: Business Model

Slide 22: Products

Slide 23: Sector Diversification

Slide 24: Product Diversification

Slide 25: Financial Performance

Slide 26: Financial Highlights June 30, 2021

Slide 27: Financial Highlights

Slide 28: Break-up and Market Value per Certificate

Slide 29: Net Profit, Dividend, Portfolio and Disbursements

Slide 30: Profit or Loss

Slide 31: ROCE, ROE & Dividend Yield

Slide 32: P/E & Dividend Payout

Slide 33: Statement of Financial Position

Slide 34: Balance Sheet Ratios and Certificate Value

Slide 35: ORIXM Funding Profile

Slide 36: Future Outlook

Slide 37: The way Forward

Slide 38: Tuesday, October 26, 2021 ORIXM - Strictly Confidential - All Rights Reserved