Tariq Glass Industries Limited · PSX:TGL

Tariq Glass Industries — Investor Presentation (November 2022)

41 slides from Tariq Glass Industries's investor presentation, Nov 24, 2022

  1. Slide 1: Tariq Glass Industries Ltd Corporate Briefing Session 2022

    TARIQ GLASS INDUSTRIES LTD CORPORATE BRIEFING SESSION – 2022 Financial Year Ended June 30, 2022 Thursday, November 24, 2022 At 11:00 AM

  2. Slide 2: Principal business activities

    The Company is principally engaged in the manufacture and sale of Glass Containers, Tableware Glass, Float glass & Opal Glass Dinnerware.

  3. Slide 3: About Us

    Incorporation 1978 Listing with Stock Exchange 1984 Major Business Manufacturer & Seller of Glass Products ABOUT US Present Installed Production Capacity 1425 Metric Tons per day Paid-up Capital PKR 1,377 Million Shareholders’ Equity Rs. 13,088 Million

  4. Slide 4: Board of Directors

    BOARD OF DIRECTORS MR. MANSOOR IRFANI Chairman MR. OMER BAIG MR. MOHAMMAD BAIG Executive Director CEO / Managing Director MS. RUBINA NAYYAR MR. FAIZ MUHAMMAD MR. MUHAMMAD IBRAR MR. SAAD IQBAL Non-Executive Director Independent Director KHAN Non-Executive Director Independent Director

  5. Slide 5: Our Brands

    OUR BRANDS SINCE 1978 Toyo. Nasic sos Jun “Cig eoeWe) arwtezy Gemware TARIQ FLOAT GLASS A Commitment to Quality GLASSWARE “omroc’ Glassware wh Rockware OPAL GLASS

  6. Slide 6: Products

    PRODUCTS ➢ Tableware ➢ Float Glass (Thickness Range: 2mm to 12mm) ✓ Tumblers ✓ Clear Float Glass ✓ Goblets ✓ Bronze Float Glass ✓ Jugs ✓ Green Float Glass ✓ Mugs ✓ Blue Float Glass ✓ Cups ✓ Reflective Coated ✓ Plates ✓ Mirror ✓ Tea Sets ✓ Fruit Sets ✓ Frosted / Sand Blasted ✓ Water Sets ✓ Ice-cream

  7. Slide 7: Industry Analysis

    INDUSTRY ANALYSIS Estimated Capacities ➢ Tableware ✓ TGL 340 TPD – Sheikhupura (Interchangeable with Container) ✓ BGL 60 TPD – Sheikhupura ✓ Gunj Glass 60 TPD – Hassan Abdal ✓ Crystal Lighting 30 TPD – Peshawar ✓ Pak Lamps 30 TPD - Lahore ✓ Ghani Glass Ltd 90 TPD – Hattar (Interchangeable with Conta

  8. Slide 8: Industry Analysis

    INDUSTRY ANALYSIS Estimated Capacities ➢ Float Glass ✓ TGL (Current) 1050 TPD - Sheikhupura ✓ Ghani 1000 TPD – Sheikhupura ✓ Imported 40-50 TPD – Saint Gobbin, Guardian, Pilkington, Rider, Other Chinese Brands ➢ Container ✓ TGL 70 TPD – Sheikhupura (Interchangeable with Tableware) ✓ Ghani 250 TPD –

  9. Slide 9: Float Glass Production Flow Chart

    FLOAT GLASS PRODUCTION FLOW CHART

  10. Slide 10: Strategic / Operational Developments During FY 2022

    STRATEGIC / OPERATIONAL DEVELOPMENTS DURING FY 2022 • New Spectrum Mirror Coating Line has been installed. With the induction of Spectrum Technology, the Company is capable to feed superior quality of Mirror Glass of varied thicknesses and sizes to the market. • Brand New High Speed Double Gob Press

  11. Slide 11: Strategic / Operational Developments

    STRATEGIC / OPERATIONAL DEVELOPMENTS • The Company has signed a Joint Venture & Shareholders Agreement with M/S ICI Pakistan Limited (ICI) on February 10, 2022 to explore the possibility for setting up a state-of-the-art green field float glass manufacturing facility having a production capacity of

  12. Slide 12: Key Financial Indicators

    KEY FINANCIAL INDICATORS © del ae al -.

  13. Slide 13: Production Capacity

    Production Capacity Production Capacity (in Metric Tons) Packed Capacity Cullet 253,418 267,582 248,391 280,426 375,229 64,967 53,044 54,904 66,478 72,207 188,451 214,538 193,487 213,948 303,022 2018 2019 2020 2021 2022

  14. Slide 14: Gross Sales

    GROSS SALES (Amt. in Million Rs.) 40000 34,306 157 35000 4733 30000 22,250 2704 25000 6 16,982 15,881 3140 20000 14,263 2 1673 4 15000 1 2591 2290 2106 799 26712 1043 749 10000 17431 13590 12544 5000 11407 0 2018 2019 2020 2021 2022 Local Export GST Trade Discount

  15. Slide 15: Gross Sales

    GROSS SALES TRADE TRADE DISCOUNT GST DISCOUNT GST 157 3,140 6 4,733 EXPORT EXPORT 2,704 1,673 LOCAL 26,712 LOCAL 17,431 2022: Rs. 34,306 Mn 2021: Rs.22,250 Mn LOCAL EXPORT GST TRADE DISCOUNT LOCAL EXPORT GST TRADE DISCOUNT

  16. Slide 16: Sales Mix - Net

    SALES MIX -NET Tableware 9,181 Tableware 8,466 Float Glass 10,637 Float Glass 20,235 2022 2021 Float Glass Tableware Float Glass Tableware

  17. Slide 17: Cost of Goods Sold

    Cost of Goods Sold Cost of Goods Sold (Rs. in Million) 25,000 21,667 20,000 14,988 15,000 11,571 11,387 10,027 10,000 5,000 - 2018 2019 2020 2021 2022

  18. Slide 18: Major Elements of Cost of Goods Sold: Raw Materials

    Major Elements of Cost of Goods Sold Raw Materials Consumed (Rs. in Million) 6,000 5,597 5,000 4,000 3,354 3,311 3,000 2,804 2,515 2,000 1,000 - 2018 2019 2020 2021 2022

  19. Slide 19: Major Elements of Cost of Goods Sold: Fuel and Power

    Major Elements of Cost of Goods Sold Fuel and Power (Rs. in Million) 12,000 11,086 10,000 8,000 6,000 5,291 4,711 4,699 4,000 3,478 2,000 - 2018 2019 2020 2021 2022

  20. Slide 20: Major Elements of Cost of Goods Sold: Packing Material

    Major Elements of Cost of Goods Sold Packing Material (Rs. in Million) 1,800 1,613 1,600 1,470 1,400 1,200 1,046 965 1,000 752 800 600 400 200 - 2018 2019 2020 2021 2022

  21. Slide 21: Major Elements of Cost of Goods Sold: Salaries & Wages

    Major Elements of Cost of Goods Sold Salaries & Wages (Rs. in Million) 3,500 2,892 3,000 2,599 2,500 2,059 2,060 2,000 1,601 1,500 1,000 500 - 2018 2019 2020 2021 2022

  22. Slide 22: Administrative Expenses

    Administrative Expenses Administrative Expenses (Rs. in Million) 400 363 350 296 300 272 238 250 213 200 150 100 50 0 2018 2019 2020 2021 2022

  23. Slide 23: Selling & Distribution Expenses

    Selling & Distribution Expenses Selling & Distribution Expenses (Rs. in Million) 450 411 400 350 318 320 300 248 251 250 200 150 100 50 0 2018 2019 2020 2021 2022

  24. Slide 24: Finance Cost

    Finance Cost (Amt. in Million) 600 568 500 400 346 310 313 300 200 153 100 0 2018 2019 2020 2021 2022

  25. Slide 25: Financial Analysis: Margins

    Financial Analysis Gross Profit Margin (%) 30.00% 26.34% 21.54% 18.89% 19.59% 20.00% 16.19% 10.00% 0.00% 2018 2019 2020 2021 2022 Net Profit Margin (%) 15.00% 14.08% 11.04% 10.00% 8.92% 9.20% 5.61% 5.00% 0.00% 2018 2019 2020 2021 2022

  26. Slide 26: Financial Analysis: Long Term Debt to Equity

    Financial Analysis Percentage of Long Term Debt to Equity Debt 70.00% 58.85% 60.00% 50.00% 38.77% 40.00% 35.54% 30.00% 27.90% 20.00% 13.64% 10.00% 0.00% 2018 2019 2020 2021 2022

  27. Slide 27: Financial Analysis: Total Debt to Equity

    Financial Analysis Total Debt (Long Term + Short Term) to Equity (%) Debt Equity 100% 90% 80% 70% 53.65% 57.44% 60% 50% 40% 30% 20% 46.35% 42.56% 10% 0% 2021 2022

  28. Slide 28: Financial Analysis: Current Ratio

    Financial Analysis Current Ratio 3 2.5 2 1 1 1 1.5 1 1 1 1.54 1.41 1.31 0.5 1 1.01 0 2018 2019 2020 2021 2022 Current Assets Current Liabilities

  29. Slide 29: Financial Analysis: Book Value and Market Price Per Share

    Financial Analysis Book Value Per Share (Amt. in Rs.) 95.03 76.96 44.57 48.95 38.28 2018 2019 2020 2021 2022 Market Price Per Share (Amt. in Rs.) 107.16 106.38 103.81 76.63 64.52 2018 2019 2020 2021 2022

  30. Slide 30: Financial Analysis: Earnings Per Share

    Financial Analysis Earnings Per Share - EPS (Rupees) 30.06 15.31 9.61 7.97 5.53 2018 2019 2020 2021 2022

  31. Slide 31: Financial Analysis: Price Earnings Ratio

    Financial Analysis Price Earnings Ratio (Rs.) 13.45 11.67 7.97 6.95 3.45 2018 2019 2020 2021 2022

  32. Slide 32: Financial Analysis: Dividend Per Share & Bonus Issue

    Financial Analysis Dividend Per Share (Rs.) & Bonus Issue 14.00 50% INTERIM 12.00 12.00 BONUS SHARES 10.00 25% 8.00 INTERIM 6.00 BONUS 6.00 SHARES 25% 4.00 FINAL 4.00 BONUS + 2.00 2.00 SHARES - + - 2018 2019 2020 2021 2022 Dividend Per Share

  33. Slide 33: Financial Analysis: Return on Capital Employed

    Financial Analysis Return on Capital Employed (%) 45.00% 41.59% 40.00% 35.00% 30.00% 25.00% 22.82% 23.66% 22.86% 20.00% 15.76% 15.00% 10.00% 5.00% 0.00% 2018 2019 2020 2021 2022

  34. Slide 34: Contribution to National Exchequer

    CONTRIBUTION TO NATIONAL EXCHEQUER Govt. Taxes Paid (Rs. in Million) Income Tax Sales Tax 2,282 2,968 2,806 3,656 6,297 4,733 3,140 2,591 2,290 2,106 1,564 377 516 516 176 2018 2019 2020 2021 2022

  35. Slide 35: Number of Employees

    Number of Employees 1,400 1,250 1,200 1,143 992 1,006 1,000 914 800 600 400 200 0 2018 2019 2020 2021 2022

  36. Slide 36: Future Outlook

    FUTURE OUTLOOK

  37. Slide 37: Future Outlook

    FUTURE OUTLOOK ➢ Pakistan’s economy is expected to grow by only 2 percent in the current fiscal year ending June 2023, the slower growth will reflect damages and disruptions caused by catastrophic floods, a tight monetary stance, high inflation, and a less conducive global environment. Recovery will

  38. Slide 38: Future Outlook: Competition in tableware market

    ➢ Competition is going to be stiff in Tableware Market due to the induction of new entrants like Ghani Glass and Deli Glass (with an expected capacity of 90 & 130 Tons / Day each) and existing market players who also are increasing their production capacities like BGL, Gunj Glass and Crystal Glass.

  39. Slide 39: Future Outlook: Furnace rebuild and cost pressures

    ➢ The Company’s existing furnaces of one of the Tableware Plant (140 metric tons per day) has completed its useful campaign life closed for rebuild / major repair on November 15, 2022. The rebuild of tableware furnace is subject to availability of all the machinery and spares. The capital expenditur

  40. Slide 40: Q&A

  41. Slide 41: Thank You

    Thank You

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