Panther Tyres Limited · PSX:PTL
Panther Tyres — Investor Presentation (November 2023)
25 slides from Panther Tyres's investor presentation, November 2023
Slide 1: Panther
ys PANTHER PS ae ene
Slide 2: Presentation Flow
PRESENTATION FLOW About Panther Tyres Challenges & Future outlook Financial Performance Debt Composition Expansion & Diversification Questions & Answers
Slide 3: Product Portfolio: A journey from Lightest to Heaviest
PRODUCT PORTFOLIO A journey from Lightest to Heaviest
Slide 4: Key Brands & Portfolio: TBR/Commercial and Earth Mover OTR Tyres
WY KEY BRANDS & T PORTFOLIO TBE / COMMERCIAL TYRES PPaniher Truck and Tolley Tyres are heavy dy performance yres. These tyres have reinforced tyre structure and high-qualty bead wire for maximum sttenath, clrabllty an load bearing. EARTH MOVER OTR TYRES Panther uses hiah quality bead wire which help
Slide 5: Motorcycle Tyres
MOTORCYCLE TYRES Panther Motoreycle Tyres have high Tyre deformation and Formation, These tyres are made with tuber polymer. Because ofthis feature, there fs less pressure on human body Is ture provides smooth dving experience, prevent motoreycle and uti TUB) 1aw / Loader Tyres are . : i BUTYL res m
Slide 6: Awards & Recognitions
Awards & Recognitions ~~ Winner of ‘Brands’ b A the year {\ , Awar | IT'S ALL ABOUT CHAMPIONS } ISO 9001 UKAS "0013-2019 2019 Registered ~— q{pauun ¢e nnn rb) TT | < | (3) PAKISTAN CREDIT RATING AGENCY
Slide 7: Premier Corporate Customers
Premier Corporate Customers
Slide 8: Premier Corporate Customers
Premier Corporate Customers
Slide 9: Profit & loss statement
Profit & loss statement 2023 2022 2021 2020 2019 Rs. In Million Net Sales 21,441 20,460 16,202 11,585 9,779 Cost Of Sales 18,333 18,180 13,731 9,908 8,441 Gross Profit 3,108 2,281 2,471 1,677 1,338 Selling And Distribution Expenses 932 687 581 415 306 Administrative And General Expenses 378 363 296
Slide 10: Statement of Financial position
Statement of Financial position 2023 2022 2021 2020 2019 Rs. In Million Non Current Assets 9,737 8,514 5,985 4,130 3,996 Current Assets 8,209 10,279 8,285 4,975 3,756 Total Assets 17,946 18,794 14,270 9,105 7,752 Equity 6,643 6,386 6,577 3,612 3,340 Non Current Liabilities 3,064 2,955 2,258 1,009 98
Slide 11: Quarterly Profit & loss statement
Quarterly Profit & loss statement Qtr. Ended On Description 30-Sep-23 30-Sep-22 Rs. in Million Sales - Net 7,927 4,491 Cost of sales (6,645) (4,123) Gross profit 1,282 368 Gross profit % 16.18% 8.19% Selling and distribution expenses (366) (211) Administrative and general expenses (116) (92) Other o
Slide 12: Key Financial Ratios
KEY FINANCIAL RATIOS FY-2023 FY-2023 9.11% 0.996 FY-2021 FY-2022 FY-2021 FY-2022 21.22% 10.22% 1.524 1.088 Return on Equity (%) Current Ratio FY-2023 FY-2023 1.17 59:41 FY-2021 FY-2022 FY-2021 FY-2022 1.39 1.24 50:50 62:38 Asset Turnover Debt Equity Ratio
Slide 13: Sales trending strong
Sales trending strong 6-year Top- line CAGR : 21,441 19.78% 20,460 16,202 11,585 9,779 8,574 7,259 2017 2018 2019 2020 2021 2022 2023 Rs. in Million
Slide 14: Exports on the Rise
EXPORTS ON THE RISE 3,500 Export Destinations Afghanistan 3,000 3,119 UAE Rs. in Million 2,500 Egypt Bangladesh 2,000 South Africa 1,857 Sudan 1,500 1,350 Turkey Macedonia 1,000 878 Yemen 500 446 446 Syria 212 365 Kenya - 2016 2017 2018 2019 2020 2021 2022 2023
Slide 15: Exports on the Rise
EXPORTS ON THE RISE Export Destinations Export Sales in million US $ 14.00 Afghanistan 11.86 UAE 12.00 Egypt 10.00 9.73 Bangladesh 8.23 8.00 South Africa Sudan 6.00 5.21 Turkey 4.00 3.12 Macedonia 2.00 Yemen Syria - 1 2019 2020 2021 2022 2023 Kenya
Slide 16: Gross Margins stage a strong comeback post FY 2022 lows
Gross Marg in s stag e a stro n g co me b ack p o st FY 2022 lows 36% 3,500 3,108 47% -8% 3,000 2,471 2,500 25% 2,281 18% 2,000 11% 1,677 14.5% 1,500 1,338 1,133 11.1% 1,018 1,000 13.7% 14.5% 15.2% 14.0% 13.2% 500 - 2017 2018 2019 2020 2021 2022 2023 Rs. in Million
Slide 17: Growth in Asset Base
Growth in Asset Base Rs. in Million 20,000 18,794 17,946 18,000 16,000 14,270 14,000 12,000 10,000 9,105 7,752 8,000 6,000 4,000 2,000 - Total Assets 2019 2020 2021 2022 2023
Slide 18: CAPEX Since FY-2022
CAPEX Since FY-2022 Rs In Million Land 322 Building 1,014 Plant and machinery 3,969 Moulds 299 Capex in Sep 2023 Qtr 887 6,490
Slide 19: Expansion & Diversification
EXPANSION & DIVERSIFICATION Building for Tube Building for Calendar Building for Mixing department department Department PKR 60.8 Million PKR 173.9 Million PKR 388.0 Million 100% Complete 100% Complete Final Phase, Completion by 2nd Qtr FY 2024
Slide 20: Expansion & Diversification
EXPANSION & DIVERSIFICATION 4 Roll Calendar line Italy Banbury Tangential PKR 763 Million Mixer PKR 511.9 Million Installation Phase, Completion 100% Complete by 2nd Qtr FY 2024
Slide 21: Key Challenges
KEY CHALLENGES Volatility in PKR/USD parity Smuggling & under invoicing of tyres 02 Rising trend of energy cost Record high interest rates
Slide 22: Future Outlook
FUTURE OUTLOOK Smuggling / Under invoicing: An An Opportunity for Import Substitution Afghan Transit Trade: Effect on Tyre industry 02 Expansion & Diversification Export Opportunities
Slide 23: Debt Composition
DEBT COMPOSITION Rs. in Description Average Pricing Million Long Term Loan TERF 1,574 3.50% LTFF 119 7.00% Commercial 340 23.70% Long Term Debt from Banks / DFI 2,033 Working Capital Loan ERF 600 20.00% Commercial 4,902 22.89% Short Term Debt from Banks / DFI 5,502 Total Debt (Banks & DFIs) 7,535 Lo
Slide 24: Disclaimer
DISCLAIMER This briefing, provided by Panther Tyres Ltd ("PTL"), is for informational purposes only. PTL makes no representations or warranties, whether express or implied, regarding the accuracy, completeness, or correctness of the information or opinions contained herein. This information is only
Slide 25: Session
SESSION FY-2023 ea ae
Panther Tyres — Investor Presentation (November 2023) on 6ix