Tri-pack Films Ltd. · PSX:TRIPF
Tri-pack Films — Corporate Update (December 2024)
18 slides from Tri-pack Films's corporate update, December 2024
Slide 1: www.packages.com.pk @PackagesGroup
www.packages.com.pk @PackagesGroup
Slide 2: Corporate Briefing Session Dec 2024
CORPORATE BRIEFING SESSION Dec 2024
Slide 3: Operational Overview
Operational Overview BOPP Location No. of Lines * Total Name Plate capacity (p.a tons) ** Total Operational Saleable films capacity (p.a tons) Hattar 2 lines 10,800 Machines are obsolete with no technical support from OEM, as 4.2m Mitsubishi each a result their capacity to produce quality films is n
Slide 4: New BOPP Line 5
New BOPP Line 5 The project has been successfully commissioned as announced on the PSX on July 4, 2024. Project cost (Rs m) 1,682 4,294 Budget: 3.3% Actual: 19.0% 425 Budget: Rs.196/Euro 13,965 8,413 Actual:Rs.300/ Euro Then Exchange Finance Cost Now (Feb 2021) impact cost reduction (June 2024) Coat
Slide 5: Domestic Market Demand Supply (2013 – 2023) – Interest Cost, EBIT, Debt & PBT
Domestic Market Demand Supply (2013 – 2023) – Interest Cost, EBIT, Debt & PBT BOPP Domestic Market - CPP Domestic Market - Historic Interest Cost – Rs. M Historic Trend Ktons Trend 1,153 85 57 69 42 45 923 57 36 681 759 27 608 861 66 71 69 74 76 70 444 479 45 50 53 56 55 Demand 28 30 33 31 34 34 37
Slide 6: Domestic Market Demand Supply Projections (2023 – 2032)
Domestic Market Demand Supply Projections (2023 – 2032) BOPP domestic market (kT) CPP domestic market (kT) 200 200 67 69 182 57 67 128 60 64 52 56 85 146 49 128 137 40 44 111 119 37 38 93 104 70 75 82 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Slide 7: Major Performance Highlights – YTD Sep 2024 vs SPLY
Major Performance Highlights – YTD Sep 2024 vs SPLY • Total volumes were +26% (Domestic: +16%, Export: +91%) vs SPLY. Homo ICIS $/ton (Rs/kg) • Domestic margins were lower than SPLY after getting to normalized levels 1,055 (312) vs 1038 (308) compared to the hike seen in H1 2023 owing to import rest
Slide 8: Financial Highlights
Financial Highlights Gross Profit % EBIT & EBITDA % Average Interest Rate 16% 22% 15% 14% 20% 13% 16% 17% 16% 16% 11% 9% 13% 13% 12% 12% 10% 11% 10% 10% 9% 8% 7% 5% 2019 2020 2021 2022 2023 YTD Sept 2024 2019 2020 2021 2022 2023 YTD Sept 2024 EBIT % EBITDA % 2019 2020 2021 2022 2023 YTD Sept 2024 RO
Slide 9: Profit & Loss – YTD Sept 2024
Profit & Loss – YTD Sept 2024 YTD YTD 2024 vs FY 2023 Description 2024 2023 2023 Rs m Rs m Rs m Revenue 21,833 18,472 18% 24,842 - Gross Profit 2,769 3,295 -16% 3,923 - Admin & Selling Expenses 1,221 1,102 11% 1,428 EBIT 1,544 2,238 -31% 2,495 EBITDA 2,323 2,848 -18% 3,305 Interest 1,702 586 190% 86
Slide 10: Statement of Financial Position – As At September 30, 2024
Statement of Financial Position – As At September 30, 2024 Sep 30, Dec 31, Description 2024 2023 Rs. Millions Assets Property, plant and equipment 19,133 14,829 Other non current assets 32 36 Current assets 15,404 13,405 34,569 28,270 Liabilities Long term borrowings 12,814 8,414 Short term borrowin
Slide 11: Cashflow statement – YTD Sep 2024
Cashflow statement – YTD Sep 2024 Description YTD Sep 24 YTD Sep 23 Rs. million Cash generated from operations 2,532 2,776 Working capital changes (1,296) 492 Staff Retirement Benefits Paid (71) (60) Payment of accumulated compensated absences (9) (11) Income Tax/Long Term Deposit Paid (723) (440) N
Slide 12: Sustainability & Product Development
Sustainability & Product Development
Slide 13: Future Outlook
FUTURE OUTLOOK IG Hoechst @ CREATING A BETTER TOMORROW =
Slide 14: Future Outlook & Challenges
Future Outlook & Challenges • Supply overhang for BOPP and CPP will continue. • Next couple of years will be challenging as we strive to increase machine utilization while recovering costs. • We are focusing on enhancement of exports footprint. New export markets are being explored (we have expanded
Slide 15: Export Volume Tons
Export Volume Tons 2023 6,581 2024 11,170 2025 22,820 2026 26,539 15
Slide 16: Important Disclaimer
Important Disclaimer This presentation has been prepared by Tri-Pack Films Limited (TPFL) solely for information purposes. No representation or warranty express or implied is made there to, and no reliance should be placed on, the sufficiency, completeness or relevance of the information or any opin
Slide 17: Question and Answers
QUESTION AND ANSWERS A fem tee A A ot Fee @ G__. IGT. | ttoeerstg CREATING A BETTER TOMORROW
Slide 18: Thank you
Thank you www.packages.com.pk A Packages Group A A Kew Be =m AA & @