Igi Holdings Limited · PSX:IGIHL
Igi — Investor Presentation (May 2024)
41 slides from Igi's investor presentation, May 28, 2024
Slide 1: www.packages.com.pk @PackagesGroup
www.packages.com.pk @PackagesGroup
Slide 2: IGI Holdings Limited Corporate Briefing Session
IGI HOLDINGS LIMITED CORPORATE BRIEFING SESSION MAY 28, 2024
Slide 3: Contents
Contents • Macro economic overview • Company Overview • Investment portfolio performance • Financial Highlights • Questions & Answers
Slide 4: Macro economic overview
Macro economic overview Stock Market: The KSE-100 index, Pakistan's main stock market index, Policy Rate: The SBP policy rate is at ~22.0% currently. The SBP has closed at 71,103 points level at the end of Apr-2024. Compared with Mar- maintained the interest rate in its last monetary policy. The com
Slide 5: Contents
Contents • Macro economic overview • Company Overview • Investment portfolio performance • Financial Highlights • Questions & Answers
Slide 6: About IGI Holdings Limited
About IGI Holdings Limited • Public Listed Company – operating as an investment holding company • Has investments in financial services, packaging, food and beverage, household cleaning products, pharma and IT companies • Has Credit Rating AA (Long Term) and A1+ (Short term) by PACRA. PHARMA OTHERS
Slide 7: Standalone financial performance
IGI HOLDINGS LIMITED Standalone financial performance
Slide 8: IGI Holdings Profit and Loss – 2023 vs 2022
IGI HOLDINGS PROFIT AND LOSS – 2023 VS 2022 Dividend Income Profit before tax Rs. 1,586 m vs Rs. 1,381 m Rs. 1,253 m vs Rs. 933 m Profit after tax Earnings per share Rs. 1,318 m vs Rs. 912 m Rs. 9.24 vs Rs. 6.39
Slide 9: IGI Holdings Balance Sheet 2023 vs 2022
IGI HOLDINGS BALANCE SHEET 2023 vs 2022 2022 Final Dividend paid @ Rs. 2.25 per share (Rs. 321 M) 2023 Interim Dividend paid @ Rs. 2 per share (Rs 285 M) Total assets Total liabilities Dividend per Share Rs. 16,179 m vs Rs. 16,042 m Rs. 888 m vs Rs. 1,530 m 6 6 5.5 5 199 4 4.25 3 Short term loan Tot
Slide 10: Contents
Contents • Macro economic overview • Company Overview • Investment portfolio performance • Financial Highlights • Questions & Answers
Slide 11: IGI General Insurance Limited
IGI GENERAL INSURANCE LIMITED
Slide 12: Product portfolio
Product portfolio FY 2023 GWP Rs. 14.3 billion (42% YoY Growth) Property Health and & Casualty personal accident Portfolio mix Motor 13% Travel 5% 42% 11% Engineering & Bond Takaful 20% 9% Marine Fire Marine Motor Health BIMA Misc. Liability
Slide 13: Major customers
Major customers Nestlé Good Food, Good Life MIRA POWER UMITES> Aymcxaces Limited Rod LUMS A Not-for-Profit University faysalbank {3} ~ i, oe (| systems MURREE BREWERY @ Lucky Electric Power Company Enabling a digital tomorrow KFC Tri-Pack Films Limited A A A hea @& BA A th cd G. JG Hoechst] CREATING
Slide 14: IGI General Profit and Loss – 2023 vs 2022
IGI GENERAL PROFIT AND LOSS – 2023 VS 2022 Gross Written Premiums Net Premium Revenue Rs. 14,332 m vs Rs 10,089 m Rs. 4,482 m vs Rs. 3,414 m Underwriting profit (incl. Takaful) Investment Income Rs. 626 m vs 357 m Rs. 630 m vs Rs. 363 m Profit before Tax Profit after Tax Rs. 1,243 m vs Rs. 741 m Rs.
Slide 15: IGI Investments Limited
IG Holdings | Insurance | Investments securities | FSI | Life @ IG] INVESTMENTS LIMITED A A A Aw &@ ee A A th Yee @ G__ IGL toes — cresmne a perteR TOMORROW oceans Group
Slide 16: About IGI Investments
About IGI Investments • Operating as an investment holding company • Has investments in packaging, FMCG pharma, real estate and IT sectors
Slide 17: IGI Investments Investments portfolio
IGI INVESTMENTS Investments portfolio IGI Investments 29.9% 24.8% 9.7% 9.75% 24.97% 3.6% 0.85% 0.5% Packages Nestle Hoechst Coca Cola Packages Tri-Pack Systems Siemens Other Real Pakistan Pakistan Beverages Investments Limited Films Ltd Limited Engg. Estate Ltd Ltd Ltd
Slide 18: IGI Investments Profit and Loss – 2023 vs 2022
IGI INVESTMENTS PROFIT AND LOSS – 2023 VS 2022 Dividend Income Profit after Tax Rs. 2,007 m vs Rs. 2,336 m Rs. 2,788 m vs Rs. 2,469 m Investments Equity Rs. 57,961 m vs Rs. 41,943 m Rs. 53,673 m vs Rs. 39,971 m
Slide 19: IGI Life Insurance Limited
IG Holdings | Insurance | Investments securities | FSI | Life @ IG] LIFE INSURANCE LIMITED A A A Aw &@ ee A A th Yee @ G__ IGL toes — cresmne a perteR TOMORROW oceans Group
Slide 20: Product Suite
Product Suite of Conventional Unit Linked Individual Life Savings Insurance Products Plans Plans Attempting to Disrupt through “Innovation” Individual Medical Accidental Brought in Vitality Coverage and Health Products to Pakistan Plans Corporate Group Group Life Employee Medical Insurance Benefit C
Slide 21: Vitality has a global presence
Vitality has a global presence... Largest global footprint of Americas Africa Europe Asia Oceania betel aioe = 41 40m+ ®) & &) BD wy BS ye 6 8 10 15 2 ee 150+ FA, 100k OP Proaramme. New devices linked Partners per month Q Discovery a.s.fr. IGI oO eaotaiga SPSS (RR RP ee” ye gj AIA © suwrowo ure {J M
Slide 22: Gross premium analysis
Gross premium analysis Overall Gross Premium Rs. 7,992 million Jan – Dec 2023 Corporate Agency Banca Corporate 26% Agency 20% Banca 54%
Slide 23: Our business partners
Our business partners Banca Partners Reinsurance Partners • Standard Chartered Bank • Hannover Re • Bank Alfalah • Munich Re • HBL • Hannover ReTakaful • UBL Corporate Relations • BOP Over 500 Relations • Silk Bank • Dubai Islamic Bank • MCB • Allied Bank • Faysal Bank • Summit Bank
Slide 24: Profit and Loss Account for the year ended December 31, 2023
Profit and Loss Account For the year ended December 31, 2023 The Company's efforts have led to a Profit before tax of Rs 225 million in 2023 compared to a Profit before tax of Rs. 60 million in 2022. The Gross Premium (including Takaful 31-Dec-23 31-Dec-22 Contributions) was Rs. 7.9 billion in compa
Slide 25: IGI Finex Securities Limited
IGI FINEX SECURITIES LIMITED
Slide 26: 2024 marks completion of 30 Years of IGI Securities
2024 marks completion of 30 Years of IGI Securities Our Journey has been a reflection of Passion Resilience Growth We have all been We have been able to We have been able to passionate of what we sustain the most difficult evolve into a key player do times in the industry
Slide 27: Competitive Edge
Competitive Edge The Company’s competitive edge lies in its distinct corporate culture, where integrity, professionalism, excellence, growth and a client-centric approach forms the cornerstones. Industry Knowledge and Experience Markets A combination of competitive team We provide brokerage of Exper
Slide 28: Products and Services
Products and Services Equity IGI Securities equity broking is client focused and does not maintain a proprietary trading book Brokerage to eliminate any conflict of interest. With offices in Karachi, Lahore, Islamabad, Faisalabad, Multan and Rahim Yar Khan, our equities professionals can convenientl
Slide 29: Products and Services
Products and Services Investment Our Investment Banking / Corporate Finance team is well equipped to provide Banking / corporations meet their capital / financing requirement from debt and equity markets as well as service corporate advisory mandates. Corporate Finance Our Investment Banking / Corpo
Slide 30: Products and Services
Products and Services Commodit Commodity brokerage service provided by IGI Securities offers trading opportunities to y customers at Pakistan Mercantile Exchange (PMEX) – online commodity exchange of Pakistan. The Company is registered with PMEX to offer top notch trading facilities to aspiring Brok
Slide 31: Products and Services
Products and Services Research Our research disciplines include fundamental research, quantitative research, Economy and Strategy economic research and technical forecasting. Our team of analysts develop tools to Annual Strategy, Monthly and increase the likelihood of clients’ success. We believe th
Slide 32: Financial Highlights – 2023 vs 2022
Financial Highlights – 2023 vs 2022 2023 2022 % change Average daliy volume (No. of shares) - PKRmn 344 289 19% ---- PKRmn ----- % change Gross revenue 624 195 220% Administrative and operating expenses (223) (185) 21% Profit before taxation 401 10 379 times Profit after taxation 307 10 310 times
Slide 33: Contents
Contents • Macro economic overview • Company Overview • Investment portfolio performance • Financial Highlights • Questions & Answers
Slide 34: Consolidated financial performance of the Group
Consolidated financial performance of the Group Year ended December 31, 2023
Slide 35: IGI Holdings Consolidated P/L – FY 2023 vs 2022
IGI HOLDINGS Consolidated P/L – FY 2023 vs 2022 Revenue Profit before tax Rs. 17,492 m vs Rs. 13,216 m Rs. 5,754 m vs Rs. 3,987 m Profit after tax attributable to Parent Earnings per share Rs. 3,887 m vs Rs. 2,872 m Rs. 27.25 vs Rs. 20.14
Slide 36: Consolidated PBT bridge FY 2023 vs 2022
IGI HOLDINGS Consolidated P/L – FY 2023 vs 2022 21 2 165 390 1,240 498 502 55 5,754 3,987 PBT for 2022 IGI General IGI Life IGI Finex IGI FSI IGI IGI Holdings Share of Others PBT for 2023 Investments (excluding profit from (excluding dividend from associates dividend from subsidiaries) associates)
Slide 37: Material information
IG Holdings | Insurance | Investments securities | FSI | Life @ Material information CREATING A BETTER TOMORROW AA tn & mada & B 4
Slide 38: Approval to invest in shares of Packages Limited
IG ————— ‘a Fangs Vw esi The General Manager eet 1 Pakistan Stock Exchange Limited Stock Exchange Building. Stock Exchange Road, Karachi Dear Sir, RE: Approval to invest in shares of Listed Associated Company In accordance with Sections 96 and 131 of the Securities Act, 2015 and Regulation 5.6.1 of
Slide 39: Contents
Contents • Macro economic overview • Company Overview • Investment portfolio performance • Financial Highlights • Questions & Answers
Slide 40: Important Disclaimer
Important Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT This presentation has been prepared by IGI Holdings Limited (“IGI Holdings”) solely for information purposes. No representation or warranty express or implied is made th
Slide 41: Thank you
Thank you www.packages.com.pk A Packages Group