Slide 1: Corporate Briefing Session
Corporate Briefing Session May 18, 2023 at 03:30 P.M.
Slide 2: Company Profile
Company Profile 1966 Incorporated: Publicly listed: 1 business Pioneer project of Jan 31, 1966 1967 division House of Habib 2023 Employing AA/A-1+ rating 6 business divisions >4,000 people (long & short) – JCR-VIS 2
Slide 3: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 4: Thal Business Highlights
Thal Business Highlights FINANCIALS • 9M FY23 Revenue: Rs.25 billion vs. Rs. 27.5 billion in 9M FY22 • 9M FY23 PBT: Rs. 2.3 billion vs. Rs. 4.6 billion in 9M FY22 • Increasing footprint with new entrants - After successful business relation with Hyundai, other OEMs also exploring localization opport
Slide 5: Deteriorating Business Environment – 9M FY23
Deteriorating Business Environment – 9M FY23 Business Challenges Actions Taken • Import restrictions/delay in LC retirement constraining • Working with banks for timely opening of LCs operations • Reducing inventory levels to ease liquidity pressure • High interest rates and rupee depreciation - pre
Slide 6: Financial Highlights
Financial Highlights 6
Slide 7: External Uncertainties Dampening Profitability
External Uncertainties Dampening Profitability 12,000 3,000 LHS - REVENUE ONLY (Rs in Million) 10,349 10,219 9,491 9,838 10,000 2,500 1,951 7,758 RHS (Rs in Million) 7,674 8,000 1,701 1,873 6,919 2,000 1,678 1,558 1,499 1,394 1,337 1,616 6,000 1,777 1,500 1,547 1,001 1,621 1,247 4,000 1,233 1,368 1,
Slide 8: Profit or Loss Unconsolidated
Profit or Loss Unconsolidated YTD YTD Mar-2023 Mar-2022 Rs. in Million Revenue 24,896 27,513 Gross Profit 3,361 4,888 Profit before taxation 2,260 4,556 Profit after taxation 1,648 3,425 EPS (Rs.) 20.33 42.27 Breakup value (Rs.) 351.67 325.89 8
Slide 9: Balance Sheet
Balance Sheet Mar-2023 Jun-2022 ASSETS EMPLOYED --------------- Rs. in Million --------------- Non-current assets 19,346 16,886 Current assets 20,668 20,719 Total Assets Employed 40,014 37,605 FINANCED BY Shareholders’ equity 28,496 27,229 Non-current liabilities 4,018 2,696 Current liabilities 7,50
Slide 10: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 11: Automobile Industry: Quarterly Sales (Units)
Automobile Industry: Quarterly Sales (Units) 38,431 HACPL IMC PSMC 34,272 29,025 21,705 22,842 19,426 14,318 18,646 19,182 13,863 9,800 9,070 IMC, 7,580 10,376 9,172 9,327 PSMC, 5,855 6,811 6,018 4,980 HACPL, 5,520 JUL-SEP OCT-DEC JAN-MAR APR-JUN JUL-SEP OCT-DEC JAN-MAR 2021-2022 2022-2023 Source: P
Slide 12: Engineering Division - Customers
Engineering Division - Customers GNL Automotive lamps & Automotive Seat Manufacturer mirror manufacturer 12
Slide 13: Thermal Systems Business
Thermal Systems Business Product Offering Technical Assistance Reserve Tank CSM CSM//Al. Al.Radiator Radiator Condenser Hose & Tubes Heater Core Evaporator HVAC 13
Slide 14: Electric Systems Business
Electric Systems Business Product Offering Technical Assistance No. of OEM Rear Harness Harness Cabin Harness Toyota 172 Honda 96 Suzuki 56 Hyundai 35 Others 124 TOTAL 483 Floor Harness Panel Harness Engine Harness & Battery Cable 14
Slide 15: Business Expansion
Business Expansion • Successful addition of wiring harness and thermal business with: 15
Slide 16: Yazaki Plant
Yazaki Plant • MOU between Yazaki and TL for manufacturing of wiring harness extended for another 5 years. • Yazaki agreed to extend support to TE for upcoming models other than Yaris. • Yazaki plant has successfully qualified External Audits of ISO 9001, 45001 and IATF 16949 with zero non-conformit
Slide 17: Senior Management From Yazaki Japan Visits Pakistan
Senior Management From Yazaki Japan Visits Pakistan 17
Slide 18: Thal Boshoku Pakistan (Private) Limited
Thal Boshoku Pakistan (Private) Limited Product Offering Joint Venture Car Seats 18
Slide 19: Thal Boshoku Pakistan (Private) Limited
Thal Boshoku Pakistan (Private) Limited ▪ TBPK is in touch with new and existing OEMs to get their seat business. Received encouraging response for further discussion. ▪ Toyota Boshoku Asia, Toyota Tsusho Corporation and Thal Ltd. injected fresh equity amounting to Rs. 1.0 billion for the expansion
Slide 20: Environmental Excellence Award
Environmental Excellence Award 19th Annual Environment Excellence Award 2022 by NFEH on August 16, 2022 20
Slide 21: 37th MAP Annual Awards
37th MAP Annual Awards Thal Limited won 37th MAP Annual Awards, Ceremony was held at Movenpick Hotel, Karachi on Oct 3, 2022. Award was given by former Federal Minister of Finance , Miftah Ismail. 21
Slide 22: Fire Safety Award
Fire Safety Award CEO received Fire Safety Award from Governor of Sindh Mr. Kamran Tessori at Marriot Hotel on November 23, 2022 22
Slide 23: System Audits 2022-23 (IATF 16949)
System Audits 2022-23 (IATF 16949) IATF 16949 surveillance audit successfully completed by Russian auditors and extended the certification of Thal Engineering including Unit II for to next year 2023- 24. 23
Slide 24: 10th QCC Convention 2023
dD 10% QCC Convention 2023 D To Excettence Wednesday §' March 2023 at Ramada Plaza,
Slide 25: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 26: Jute Division – Product Mix
Jute Division – Product Mix Sales Quantity: 19,713 MT Sales Quantity: 21,300 MT Others Hessian 13% 26% Others 7% Hessian Sacking 23% 70% Sacking 61% July 2021 – March 2022 July 2022 – March 2023 26
Slide 27: Jute Division – Market Share
Jute Division – Market Share 80 100% 70 90% 70 67 65 80% 60 58 70% Total Market Volume (Tons in '000) 48 Thal Ltd. Market Share 50 60% 40 47% 50% 45% 36% 36% 40% 30 35% 30% 20 20% 10 10% 0 0% FY2019 FY2020 FY2021 FY2022 3Q 2023 PJMA Production Thal's Share 27
Slide 28: Jute Division – Export
Jute Division – Export The business is also promoting cultivation of jute to develop a substitute for imports 10,000 100% 9,000 90% 8,000 76% 80% 72% 69% 68% 7,000 70% 60% 6,000 60% Volume (tons) 5,000 50% 4,000 40% 4,934 6,708 3,000 3,318 30% 3,055 4,510 2,000 5,944 20% 2,157 1,880 2,399 1,000 10%
Slide 29: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 30: Packaging Division History
Packaging Division History 30
Slide 31: Packaging Division – Products
Packaging Division – Products Cement Bags Industrial Sacks Self Opening Carrier Bags Polypropylene Satchels & Burger Bags Wraps - Guar Gum - Fashion Bags - Fast food Bags - Multi-Ply Sacks - Tile Bond/Adhesive - Sports Wear - Grocery Bags - Cement Bags - Semi-Extensible & - Carbon Black - Cosmetics
Slide 32: Packaging Division – Customer Base & Exports
Packaging Division – Customer Base & Exports Customers *includes domestic and international (export) customers 32
Slide 33: Packaging Division – Sustainability Initiatives
Packaging Division – Sustainability Initiatives ▪ Eliminate Waste: ✓ In-house PP recycling plant ✓ Utilizing PP granules made from post-consumer waste ✓ Paper waste conversion into usable paper ▪ Green Energy ✓ Solar system installed ✓ Capacity: 1,750 KW ▪ Zero Liquid Discharge: ✓ No wet processing
Slide 34: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 35: Laminates Division – Operational Performance
Laminates Division – Operational Performance • Introduced a new product variant for export Export Market markets • We have a renewed focus on markets in north Local Market region. This has resulted in better margin, increased market share and product availability. • We have localized procurement of
Slide 36: Laminates Division – Products
Laminates Division – Products BOARDS HIGH PRESSURE LAMINATES (LPL, HPL, LOCAL & MDF) (ECONO, CLASSIC & TUFF) FINISHED PRODUCTS TECHNICAL LAMINATES (MELAMITE – GENERAL, P1 & P2) 36 WRITING SURFACES PARTITION & LOCKERS
Slide 37: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 38: Habib METRO Pakistan (Private) Limited
Habib METRO Pakistan (Private) Limited Shareholding Structure Dividend History 60% Thal Limited 40% Metro AG 1200 Full year Nine months ended 1065 1000 962 906 ISB 882 1 800 776 LHE FSD 6 2 3 671 Rs. In Millions 4 5 600 400 7 9 KHI 8 200 HMPL owns & manages a total of 9 Properties in Pakistan - 0 Lo
Slide 39: Thal Limited Company Profile
Thal Limited Company Profile Thal Limited Associates/ Divisions Subsidiaries Investments Habib METRO Thal Pakistan Strategic Engineering Real estate investing Associates Investments & property Auto parts management manufacturing JV with Metro Cash & Carry International Indus SECMC (60%) Motor JV wit
Slide 40: Sindh Engro Coal Mining Company Limited
Sindh Engro Coal Mining Company Limited 40
Slide 41: Sindh Engro Coal Mining Company (SECMC)
Sindh Engro Coal Mining Company (SECMC) Mine Depth: 195 m 1320 MW supplied to grid 3 IPPs being supplied coal 41
Slide 42: SECMC – Earnings Snapshot
SECMC – Earnings Snapshot In PKR Mn 31 Mar 23* 31 Dec 22 Revenue 21,759 51,598 Gross Profit 7,429 19,651 Exchange Loss (8,600) (6,817) Profit/(Loss) After Tax** (3,785) 7,894 * SECMC has reporting period from Jan to Dec. These are Q1 CY23 numbers **loss for the period is only on account of exchange
Slide 43: SECMC Phase I & II – Key Events
SECMC Phase I & II – Key Events Key Events Forecasted Dates Significance Project All conditions for PCD have been complied and SECMC has applied Completion H1 CY23 to the lenders to review and declare PCD for Phase I Date (Phase I) Tariff True up CY 23 SECMC has submitted petition of COD stage tarif
Slide 44: SECMC Phase III
SECMC Phase III Key Events Forecasted Dates Financial Close CY 23 Expected COD CY 24 44
Slide 45: ThalNova Power Thar (Private) Limited
ThalNova Power Thar (Private) Limited 45
Slide 46: ThalNova 330 MW - Pictorial View
ThalNova 330 MW - Pictorial View COD - 17 Feb’23 61% utilization till 31 Mar 2023 46
Slide 47: TEL, EPTL and ThalNova power plants
TEL 330 MW (2022) EPTL 660 MW (2019) ThalNova 330 MW (2023) 47
Slide 48: Thank You
Thank You 48