Invest Capital Investment Bank Limited · PSX:ICIBL

Invest Capital Investment Bank — Shareholder Meeting (November 2023)

18 slides from Invest Capital Investment Bank's shareholder meeting presentation, Nov 24, 2023

  1. Slide 1: Invest Capital Investment Bank Limited

    —_ ~~ Invest Caprrat Ixvestuent Bank Laorep Invest Capital Investment Bank Limited 131-A, Zahidjee House, Scotch Corner, Upper Mall, Lahore at 11.00 am on November 24, 2023

  2. Slide 2: Agenda

    1. Introduction 2. Company Overview 3. Latest Financial Position 4. Achievements of new management 5. Challenges Ahead 6. Future Plan 7. Question & Answer session 2

  3. Slide 3: Company history: mergers in 2007 and 2009

     In 2007, “Invest Capital Securities” was merged into “Asset Investment Bank Limited” and subsequently name of the company was changed to “Invest Capital Investment Bank Limited” (ICIBL).  In 2009, “Al-Zamin Leasing Corporation Limited (AZLCL)” and Al-Zamin Leasing Modaraba (AZLM)” were merged wit

  4. Slide 4: Management transfer to Zahidjee Group

     After the merger, ICIBL continued facing financial and operational difficulties therefore, on July 6, 2011 SECP granted permission to Zahidjee Group to acquire 26% shares from Investcap Group with transfer of management to Zahidjee Group.  Zahidjee Group took the control of the management of the

  5. Slide 5: NBFI sector impact and company position

     The NBFI sector was badly hit in the aftermath of financial meltdown which affected the entire financial sector in 2008. The result was sharp rise in discount rate coupled with liquidity shortage forced the companies to utilize the available cash flows from recoveries to repay borrowings leaving n

  6. Slide 6: Statement of Financial Position as at June 30, 2023

    ‘ Invest Capital Investment Bank Limited Statement of Financial Position As at June 30, 2023 2023 2022 2021 Rupees Rupees Rupees ASSETS Non-current assets Property and equipment 75,171,895 80,852,746 65,798,617 Intangible assets 806,266 163,594 233,705 Investment accounted for using equity method 13

  7. Slide 7: Equity and Liabilities

    ‘ EQUITY AND LIABILITIES Share Capital and Reserves Authorized capital 485,000,000 ordinary shares of Rs. 10 each 4,850,000,000 4,850,000,000 4,850,000,000 Issued, subscribed and paid-up capital 2,848,668,960 2,848,668,960 2,848,668,960 Loan from directors 126,000,000 126,000,000 126,000,000 Capital

  8. Slide 8: Statement of Profit or Loss for the Year Ended June 30, 2023

    Invest Capital Investment Bank Limited Statement of Profit or Loss For the Year Ended June 30, 2023 2023 2022 2021 Rupees Rupees Rupees Income 123,152,781 110,216,971 65,597,647 Expenses Administrative and operating expenses (34,951,160) (27,281,528) (23,877,183) Financial charges (12,041,208) (4,93

  9. Slide 9: Balance sheet commentary: assets and investments

     The reduction in operating assets of Rs. 5.68 million is due to depreciation for the year.  The Increase in Intangible Assets of Rs.0.643 million is due to purchase of new module in MIS software system and up-dation of company’s website.  During the year lease disbursements were Rs. 362.79 milli

  10. Slide 10: Equity and revenue commentary

     The equity showed a rise of Rs. 83.53 million due to profits for the year. The equity stood at Rs.556.53 million as on June 30, 2023.  The directors/sponsor loans were fully paid back during the financial year.  The gross revenue for the period under review amounted to Rs. 123.15 million as comp

  11. Slide 11: After-tax profit for the year

     During current financial year the company earned an after tax profit of Rs. 89.76 as compared to previous year’s profit of Rs. 95.27 million.  These results were achieved due to better recoveries which helped to improve profitability as a result of reversal of provision and income suspension crea

  12. Slide 12: New lease business and disbursements

     The new lease business undertaken by the Company has negligible infection level and most of the assets leased are motor vehicles, therefore, recovery is almost 100% of the billed amount. This has provided the most valuable support in repayment of the liabilities on timely basis. During the year fi

  13. Slide 13: Managing recoveries from non-performing loans

     Managing the recoveries from Non performing loans and leases was a difficult task to achieve due to over all depressing economic conditions but the management is determined to continue its best efforts, energy and experience. During the period a handsome amount was recovered from two old stuck-up

  14. Slide 14: Loans and TFC liabilities repaid

     As on June 30, 2023 all loans and TFCs liabilities were fully repaid except a Bank Islami loan payable with a balance of Rs.18.63 Million that will be paid in 23 equal quarterly installments (27 Sept, 27 Dec, 27 Mar, 27 June), the last installment will be paid on 27 June 2029. 14

  15. Slide 15: IMF projections for Pakistan GDP and debt servicing

     IMF projects Pakistan GDP to grow by 2.50% in 2024 (Global GDP 2.90%) as compared to previous year real GDP 0.29%.  The implication is that there will be a quantum jump in the magnitude of debt servicing. The IMF projects it to increase from Rs. 5,407 billion in 2022-23 to as much as Rs. 8,557 bi

  16. Slide 16: Future plan: capital reduction and funds generation

     Reduction of Capital U/S 89 (a) of Companies Act 2017 to cancel out accumulated losses  Tapping further avenues of funds generation 16

  17. Slide 17: Question & Answer

    —_— ~ Invest Caprran Ixvestuent Bank Laorep Question & Answer > Questions please $$ 17

  18. Slide 18: Corporate Briefing session concluded - Thank you

    —_— ~ Invest Caprran Ixvestuent Bank Laorep Corporate Briefing session concluded Thank you P___

Invest Capital Investment Bank — Shareholder Meeting (November 2023) on 6ix