Trust Modaraba Ltd. · PSX:TRSM
Trust Modaraba — Investor Presentation (October 2022)
20 slides from Trust Modaraba's investor presentation, Oct 27, 2022
Slide 1: Trust Modaraba Corporate Briefing Session 27 October 2022
TRUST MODARABA CORPORATE BRIEFING SESSION 27% OCTOBER 2022
Slide 2: About us
About us Trust Modaraba commenced its operations in 1991. The aim of Modaraba is to play its due role in the transformation of the country's financial system in conformity with principles enshrined in the Shariah by providing Riba-free investment and financing opportunities aimed at the socio-econom
Slide 3: Branches
BRANCHES:- KARACHI Head Office : 104-106, Kassam Court, BC-9, Block-5, Clifton, Karachi, Pakistan. Tel: +92(021) 35893369,35873373 E-mail: info@trustmodaraba.com LAHORE Regional Office: 301 & 320, 3rd Floor, Garden Heights, 8-Aibak Block, New Garden Town, Lahore, Pakistan. Tel: +92(042) 35941957, 35
Slide 4: Business Activities of Trust Modaraba
BUSINESS ACTIVITIES OF TRUST MODARABA. IJARAH. DIMINISHING MUSHARAKAH. MUSHARAKAH. MURABAHAH. EQUITY INVESTMENT.
Slide 5: Financial Performance
FINANCIAL PERFORMANCE
Slide 6: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 2022 2021 2020 Balance Sheet items Total assets 415.58 378.81 357.50 Financing portfolio 348.53 344.51 347.51 Total Liabilities 94.53 63.20 50.63 Paid-up Capital 298.00 298.00 298.00 Net Equity 321.05 315.61 306.86
Slide 7: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 450.00 400.00 350.00 300.00 250.00 200.00 150.00 100.00 50.00 0.00 Financing Total Assets Total Liabilities Paid-up Capital Net Equity Portfolio 2022 415.58 348.53 94.53 298.00 321.05 2021 378.81 344.51 63.20 298.00 315.61 2020 3
Slide 8: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 2022 2021 2020 Income Statement Income 58.31 45.46 33.71 Operating expenses 43.47 36.45 30.50 Profit before management fee 14.84 9.02 3.21 Profit after taxation 11.36 6.61 1.73 Net Profit margin 15% 14.5% 5.1 % Return on equity 3
Slide 9: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 70 60 50 40 30 20 10 0 Income Operating Expenses Profit before mgt fee Profit after taxation 2022 58.31 43.47 14.84 11.36 2021 45.46 36.44 9.02 6.61 2020 33.71 30.50 3.20 1.73
Slide 10: Credit Rating
_ CREDIT RATING
Slide 11: VIS Credit Rating Report: Trust Modaraba
VIS credit Rating Company Limited www.vis.com.pk RATING REPORT Trust Modaraba REPORT DATE: ‘Apuil 25, 2021 — Rating Category Entity Entity RATING ANALYSTS: Entity BBB+/A-2 BBB-/A3 Asfia Aziz ‘Rating Date “April 25, 22 Leb 17, 21 pimgueriansh Rating Oudook Stable Stable Muhammad Taha External Auditor
Slide 12: VIS Rating Rationale
VIS Credit Rating Company Limited www.vis.com.pk ‘Trust Modaraba (TM) was incorporated in 1991 ander Mordaraba companies and Modarabs (flotation cand control) Ordinance. TM is sted on Pakistan Stock Exchange with its head office located in Karachi incial Statements ‘of the modaraba for FY21 were aud
Slide 13: VIS Rating Report: Management Outlook and Recoveries
VIS credit Rating Company Limited www.vis.com.pk Going forward, management envisages to maintain a mix of corporate and SME clients, managing their eredit risk profile without significantly affecting its margins. Moreover, the company also plans to participate in housing development projects prudent
Slide 14: VIS Rating Report: Expenses and Profitability
www.vis.com.pk VIS credit Rating Company expenses increased by Rsdm in IHFY22; major increase of which was noted in staff salaries dluc to hiring of additional staff, and annual increment and payment of one-time fee of Rs.2.3m to SECP for increase in authorized capital. Despite additional expenses r
Slide 15: Trust Modaraba Appendix I
\V/IS credit Rating Company Limited www.vis.com.pk Trust Modaraba (TM) Appendix I Investments is Equittes 137|275| 366] 42.8 [Investment Property. 13.7, 204 22.3 86 [Financing Portfolio (net) 290.2| 2536| _270.2| 310.9 ‘Total Assets 3713| _3575| _3788| 411.0 Cenificate Capital 2980| _2980| _2980| 29
Slide 16: VIS Appendix
VIS credit Rating Company Limited www.vis.com. ple Appendix iteapewtrnons stout Proclear on app dyed pep gen aM op my ree eer eee a paisa fone seenat ‘Sty Rat: in SC tsa eaten ten VE its that he
Slide 17: Regulatory Disclosures
\/IS Credit Rating Company Limited www.vis.com.pk REGULA DISCLOSURES Name of Entity ‘Trust Modaraba Sector Modaraba Type of Solicited Relationship Purpose of Rating Entity Rating Rating History Medium co Rating Rating Date __Long Term __Short Term _Outlook _Rating Action 25-April-22 BBB+ Stable 17-R
Slide 18: Way Forward
WAY FORWARD. 1) To increase the operational base of the Modaraba through resource mobilization and recovery of funds stuck in legal cases. 2) To diversify product menu and add new products in energy & other sectors for better profitability. 3) To consistently achieve operational efficiencies. 4) To
Slide 19: Thank You
THANK YOU
Slide 20: Q & Ans.
Q & Ans.
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