Pakistan Tobacco Co. Ltd. · PSX:PAKT
Pakistan Tobacco — Investor Presentation (2024)
15 slides from Pakistan Tobacco's investor presentation, Nov 21, 2024
Slide 1: Pakistan Tobacco Company Corporate Briefing Session
Pakistan Tobacco Company Corporate Briefing Session
Slide 2: Agenda
AGENDA 1. About PTC 2. Current Business Environment 3. 2024 – H1 Financial Overview a) Profit & Loss b) Ratios Analysis 4. Outlook 2024 5. Q&A
Slide 3: Company Overview
PAKISTAN TOBACCO COMPANY Company Overview ( A BETTER TOMORROW"
Slide 4: About PTC
ABOUT PTC As a key subsidiary of BAT Group, PTC has evolved from a single warehouse to a leading FMCG company with a focus on reduced-risk products, aligning with BAT’s vision of a Smokeless World. 2 Factories 4 Regional Sales Offices 11 Area Sales Offices 3 Regional Leaf Offices 11 Warehouses 19 Le
Slide 5: Building a Smokeless World
BUILDING A SMOKELESS WORLD AWARENESS ACCEPTANCE RECOGNITION To create understanding with the To generate acknowledgment of To publicly endorse and defend New relevant stakeholders about what THR as a public health strategy Categories as Reduced Risk Products Tobacco Harm Reduction (THR) is OUR PURPO
Slide 6: Current Business Environment
Current Business Environment
Slide 7: Business Environment
BUSINESS ENVIRONMENT FISCAL PRESSURE CONSUMER AFFORDABILITY ILLICIT GROWTH RISING COST BASE GOVT. REVENUE PRESSURES DECLINING CONSUMER ILLICIT MARKET SHARE LEAF 200% + EXCISE INCREASE IN FY 2022/23 PURCHASING POWER 56% 3X INCREASE WITHOLDING TAX NEGATIVELY ILLICIT MAKING SMOKING MORE HEADROOM FOR IN
Slide 8: Excessive Excise Increase – Providing Impetus to Illicit
EXCESSIVE EXCISE INCREASE – PROVIDING IMPETUS TO ILLICIT FMC EXCISE (Rs. / 1,000 sticks) IMPLICATION ON INDUSTRY EXCISE ON NEW CATEGORIES LEGIT ILLICIT TIER 1 TIER 2 MODERN VAPOUR ORAL May-22 5,200 1,650 65% Jun-22 5,900 1,850 56% June - Rs 10,000 2024 per KG 44% Aug-22 6,500 2,050 Higher of 35% Fin
Slide 9: Financial Overview H1 2024
3. Control Environment Financial Overview SOx Testing – H1 2024 Update H1 2024
Slide 10: Profit & Loss Review – H1 2024 (vs. SPLY)
PROFIT & LOSS REVIEW – H1 2024 (VS. SPLY) Net Turnover FMC Volume (Bn sticks) MO Volume (Mn pouches) 58.2 14.8 360.0 26.2% 5.5% 50.0% Profit After Tax Earning Per Share (Rs.) 11.0 43.0 0.4% 0.4% Note: Above financials in PKR Bn
Slide 11: Ratio Analysis – H1 2024
RATIO ANALYSIS – H1 2024 Gross Profit Operating Current Dividend Margin Profit Margin Ratio Per Share 40.6% 26.0% 1.8 60.0 H1’23 57.8% H1’23 39.5% FY’23 1.6 H1’23 - (Gross Profit / NTO) * 100% (Op. Profit / NTO) * 100% Current Assets / Current Liabilities Dividends Paid / No. of Shares
Slide 12: Outlook 2024
PAKISTAN TOBACCO COMPANY Outlook 2024 ( A BETTER TOMORROW"
Slide 13: Outlook
OUTLOOK FISCAL MEASURES TRACK AND TRACE SYSTEM MODERN ORAL DELIVERY EXCISE ON VAPOUR Excise stability to support consumer Point of sale T&T compliance Sustainable category growth leading Legitimate players at a disadvantage shift to legitimate industry necessary to keep illicit trade in check to pro
Slide 14: Q&A
Q&A ( A BETTER TOMORROW"
Slide 15: Thank You
PAKISTAN TOBACCO COMPANY Thank You ( A BETTER TOMORROW"
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