Security Papers Limited. · PSX:SEPL
Security Papers — Investor Presentation (May 2024)
36 slides from Security Papers's investor presentation, May 31, 2024
Slide 1: Security Papers Limited Corporate Briefing Session
SECURITY PAPERS LIMITED Corporate Briefing Session 31 May 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is not an offer or solicitation of an offer to buy or sell any security or investment. This presentation has been prepared by Security Papers Limited (SPL) solely for information purposes. No representation or warranty express or implied is made thereto, and no rel
Slide 3: Contents & Format of Presentation
Contents & Format of Presentation
Slide 4: Profile of the Company
58 Years of Reliability and Quali Annual Report 2023 U SS W Profile of
Slide 5: Profile of the Company
Profile of the Company Security Papers Limited is an strategic Company engaged in the business of manufacturing security paper for Banknotes and Other Security Paper products. The Company head office and manufacturing facility is situated in Karachi, Pakistan. The geographical presence of its
Slide 6: Organizational Overview
Organizational Ohvamuleayy 58 Years of Reliability and Quality Annual Report 2023
Slide 7: Vision, Mission and Core Values
VISION STATMENT MISSION STATMENT CORE VALUES Our Mission is to exceed the expectation Our Mission isoftoour Customers exceed the in Striving for continuous To be nationally and expectation producing, of our security with Customers in and improvement and innovation internationally producing, effici
Slide 8: History of Major Events
History of Major Events Signing of Commissioning Contract for of PM-2 supply of Paper Commenceme Machine-2 with Conversion nt of Voith Paper, into Public Commercial Germany Company Production Signing of listing in the from PM-1 Contract for PSX supply of Paper (Erstwhile 2003 Machine-1 with Mills Pa
Slide 9: History of Major Events
History of Major Events Installation of Mould Cover manufacturing Commission Modification facility ing of Co- & Generation Upgradation Power Plant of Plant Installation of Reverse Formal Osmosis 2012 inauguration of PM-2 by the Plant 2011 Prime Minister of Pakistan 2009 2006 2004
Slide 10: History of Major Events
History of Major Events PM-2 capacity enhancement Installation of through in-house Beater Breaker development Assemblies and Production of stainless chest Passport Paper Commissioning of Thread Commissioning Unwind system 2019 of Dry Cleaning Plant 2018 2016 2015 2014
Slide 11: History of Major Events
History of Major Events Production & delivery 2nd Waste water plant, of Ballot paper & RO Plant, Capacity Commemorative Bank enhancement project Development of Water recycling special note paper of Rs 75 plant, watermark paper Upgradation of for Ballot Sheeter Machine printing and 3rd Co Gen plant 2
Slide 12: Product Portfolio
Banknote Paper Prize Bond Paper Non Judicial Ballot Paper Stamp Paper PRODUCT PORTFOLIO Passport Paper Parchment Paper Educational & Cheque Paper Degree Paper
Slide 13: Customers Portfolio
Customers Portfolio Pakistan Security Educational National Security Election Printing Boards and Printing Commission of Corporation Universities Company (Pvt) Pakistan (Pvt) Limited. Limited. Karachi, Karachi, Islamabad, All over Pakistan. Pakistan. Pakistan. Pakistan.
Slide 14: Corporate Awards History
-— stevia teem ar, aw) y Security Papers Limited (SPL) was conferred the “Top 23 Companies Award of Pakistan Stock Exchange” for the yesr 2021. it ecured the 6th position on the basts of the highest score achieved, The Company has the ctstinction of receiving this prestigious award for the years 200
Slide 15: Governance
58 Years of Reliability and Quali Annual Report 2023 (sovernance
Slide 16: Board of Directors
Board of Directors NON-EXECUTIVE DIRECTORS CHAIRMAN Mr. Mohammad Aftab Manzoor DIRECTORS Mr. Jamal Nasim Mr. Hamid Bazargan Ms. Figen Caliskan Hafiz Mohammad Yousaf Mr. Shafqaat Ahmed Mr. Arshad Mehmood Bhatti Mr. Munir Ahmed EXECUTIVE DIRECTOR - CHIEF EXECUTIVE OFFICER Mr. Imran Qureshi
Slide 17: Board Committees
Board Committees • Board of Directors Board Human Board Investment Board Board Board Audit Resource and and Risk Strategic Procurement Committee Remuneration Management Committee Committee Committee Committee 17
Slide 18: Management Committees
Management Committees Corporate Social Enterprise Risk Executive Responsibility IT Steering Management Committee (CSR) Committee Committee Committee Worker’s Profit Business Worker’s Health & Safety Participation Continuity Plan Welfare Fund Committee Fund (WPPF) Committee Committee Committee Sexual
Slide 19: Board's Approved Policies
Board’s Approved Policies Corporate Sexual Investment Risk Social Harassment Policy Management Responsibility Policy Guidelines Policy Policy Directors’ Related Party Insider Trading Whistle Remuneration Transactions Policy Blowing Policy Policy Policy Communication Occupational Environmental & Disc
Slide 20: Strategic & Operational Development
Strategic & Operational Development
Slide 21: Strategic Planning Process
FINANCIAL KPIs Fair & Speedy Financist Reportans
Slide 22: Strategic Goals
Strategic Goals
Slide 23: Strategic Goals
Strategic Goals Customers’ satisfaction Employees’ Enterprise Risk Continuous empowerment Management and improvement Business Continuity (KAIZEN) Planning Operational Efficiency Maximum Return on Corporate Social Investment Responsibility
Slide 24: Sustainability & CSR
58 Years of Reliability and Quali Annual Report 2023 =~ a) = | l Sustainab
Slide 25: Sustainability
People Social variable dealing with community, education, equity, social resources, health, well- bring, and quality of life Sustainability Sustainability Equitable Profit Viable Economic variables dealing with the bottom line & cash flow Planet Environmental variables relating to natural resources,
Slide 26: Sustainability: Environment Excellence Award 2023
Sustainability Environment Excellence Award- 2023
Slide 27: Lost Time Injury Accidents
LOST TIME INJURY ACCIDENTS 2023 – 24 2022 - 23 (Jul May) % by % by No of No of Factors Gender Gender Incidents Incidents Category Category Incident affecting female workforce 0 0 0 0 Incident affecting male workforce 0 0 0 0 Incident affecting property / equipment 0 0 0 0 Total 0 0 0 0
Slide 28: Value of Investment in Sustainability Projects
Value of investment in sustainability projects 2023 - 24 Projects (PKR in MN) Projects Completed During The Year Upgradation of Mahlo Scanner 9 MN Cargo Lift 15 MN Upgradation of AVR (Co-Gen Power Plant) 7 MN Upgradation of PM-2 DCS Drive 10 MN Projects Initiate During The Year Waste Water Recycling
Slide 29: Sustainability Performance Highlights
Sustainability Performance Highlights 2022 - 23 Material Issue Boundary (within / Outside) Water Consumption: Reduced by 3.65% per ton of paper made. Power Generation: Enhanced efficiencies • Solar energy project of 40KW has been completed with the investment of Rs 4.4 million. • Investments in Co-G
Slide 30: Corporate Social Responsibilities (CSR)
Corporate Social Responsibilities (CSR) 2023 – 24 2022 – 23 Name of Institution Name of Institution (PKR) (PKR) SOS Children Village 2.42 MN Prime Minister Relief Fund 2022 5.0 MN The Indus Hospitals 3.87 MN The Citizens’ Foundation 2.16 MN Socio Economic Development – 1.212 MN Baluchistan The Indus
Slide 31: Financial Information
Financial Intormation 58 Years of Reliability and Quality Annual Report 2023
Slide 32: Nine Months Period Ended March 31, 2024
Nine Months Period Ended March 31, 2024 Actual Particulars Jul – Mar Jul – Mar Variance 2023-24 2022-23 Sales 5,297 3,616 1,681 46% Cost of Sales (3,814) (2,988) 826 28% Gross Profit 1,483 628 855 136% Administrative expenses (359) (266) 93 35% Other income 768 477 291 61% Other expenses & finance c
Slide 33: Nine Months Period Ended March 31, 2024: Profitability Ratios
Nine Months Period Ended March 31, 2024 Jul – Mar Jul – Mar PARTICULARS 2023-24 2022-23 PROFITABILITY RATIOS GROSS PROFIT TO SALES – % 28% 17.36% NET PROFIT TO SALES – % 20.43% 11.92% RETURN ON CAPITAL EMPLOYED – % 13.77% 6.12%
Slide 34: Nine Months Period Ended March 31, 2024: Liquidity Ratios
Nine Months Period Ended March 31, 2024 Jul – Mar Jul – Mar PARTICULARS 2023-24 2022-23 LIQUIDITY RATIOS CURRENT RATIO 2.84:1 2.97:1 QUICK RATIO 2.12:1 2.32:1 DEBT MANAGEMENT DEBT EQUITY RATIO 0.01:1 0.01:1 MARKET RATIO EARNING PER SHARE – (Rs) 18.26 7.27 PRICE EARNING RATIO – (Rs) 6.91 12.60 SHARE
Slide 35: Nine Months Period Ended March 31, 2024: Asset Management
Nine Months Period Ended March 31, 2024 Jul – Mar Jul – Mar PARTICULARS 2023-24 2022-23 ASSET MANAGEMENT TOTAL ASSETS TURNOVER – % 52.76% 39.02% INVENTORY TURN OVER RATIO – Days 69 60 DEBTORS TURNOVER RATIO – Days 72 65 CREDITOR TURNOVER RATIO – Days 37 34
Slide 36: Q&A
Q&A