Slide 1: DADEX
DADEX
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION IS NOT AN OFFER OR ▪ The presentation may contain statements that SOLICITATION OF AN OFFER TO BUY OR reflect Company’s own beliefs and expectations SELL ANY SECURITIES OR ANY about the future. These forward-looking INVESTMENT statements are based on a number of assumptio
Slide 3: Presentation Outlines
Presentation Outlines • ABOUT COMPANY • ORGANIZATIONAL OVERVIEW AND GOVERNANCE • COLLABORATION AND CERTIFICATIONS • PRODUCTS • FINANCIAL PERFORMANCE (FOR THE PERIOD ENDED JUNE 30, 2023 & 2024) • FUTURE OUTLOOK / CHALLENGES • Q&A
Slide 4: Corporate Briefing Session, Dadex Eternit Ltd., June 30, 2023 & 2024
CORPORATE BRIEFING SESSION (CBS) DADEX ETERNIT LTD. JUNE 30, 2023 & 2024
Slide 5: Business
BUSINESS Dadex Eternit Limited was incorporated in Pakistan as public limited company in 1959. The company is engaged in the manufacturing and sale of construction material including piping system and other allied products manufactured from chrysotile cement, rubber and plastic. DADX also undertakes
Slide 6: Company Information
Company Information ADDRESS • Dadex House 34 A/1 Block 6 P.E.C.H.S Shahrah e Faisal Karachi, Pakistan. REGISTRAR • M/s.JWAFFS Registrar Services (Private) Limited 407 - 408, Al-Ameera Centre, Shahrah-e-Iraq, Saddar, Karachi. AUDITOR • BDO Ebrahim, Chartered Accountants
Slide 7: Founder Chairman Kassim Dada
FOUNDER CHAIRMAN KASSIM DADA (1919 – 2001)
Slide 8: First Board of Directors
MR. KASSIM DADA MR. ABDUR RAZZAK H.K. DADA MR. ABU TALIB H.K. DADA First MR. MOHAMED DAWJEE DADABHOY Board of MR. ALIMOHAMED H.K. DADA J.P. Directors MR. YUSUF H.K. DADA MR. MOHAMED RAFIQUE SAIGOL
Slide 9: Historical Milestones
Historical Milestones
Slide 10: Historical Milestones
Historical Milestones Opening of Asbestos sheets Cement Industries Limited Collaboration with Second plant in first plant at Eternit Group of Chittagong, East Hyderabad Belgium Pakistan Bangladesh 1959 1959 1962 1964 1965 FC Decorative sheets FC Building Pipes & FC corrugates sheets
Slide 11: Historical Milestones
Historical Milestones Pakistan’s first standard license for FC Corrugated Sheets was received from the Opening of ACIL ACIL Asbestos Pakistan Standard plant in Karachi Cement Institute 1966 1967 1981 1984 1987 ACIL Logo ACIL Cottage in an creation International Exhibition made by ACIL products
Slide 12: Historical Milestones
Historical Milestones Dadex entered into a technical know-how agreement with Wavin overseas B.V of the Netherlands for the production of Mr. Sikander Dada was thermoplastic pipe appointed CEO and MD system, starting with PVC-U Pipe system for of ACIL PVC- U pressure pipes soil, waste and vent 1989 1
Slide 13: Historical Milestones
Historical Milestones Dadex House, Dadex, values, ISO 9002 Shahrah-e-Faisal, vision and mission Certification Karachi statement 1998 1999 2001 2002 2003 PPR Hot and Cold- PE Cable and duct water system system and PVC-U electrical conduits
Slide 14: Historical Milestones
Historical Milestones The American Dadex was certified Petroleum Institute and recognized as certified Dadex to an Investor In use its official People (IIP) monogram on Company on manufactured meeting the best products (PE gas H.R practices State-of-the-art pipes). standards. SAP Solutions 2005 2005
Slide 15: Historical Milestones
Historical Milestones large diameter PE Product launch ECO Pipe extrusion line Sunder Factory PVC Piping System up to 630mm at Lahore Sunder 2007 2008 2015 2015 2016 Specialty Piping Product Launch System Thermoline PPR Piping System
Slide 16: Historical Milestones
Historical Milestones Launched Pakistan's 1st Antimicrobial pipes Collaboration with Effast, Italy 2017 2018 2018 Collaboration with Marley Plumping and Drainage System UK
Slide 17: Historical Milestones
Historical Milestones Launched Ultra dB, Low Noice Launched PP-RCT pipe system SWV pipe system 2021 2022 2023 Collaboration with Magnaplast, Poland
Slide 18: Organizational Overview and Governance
ORGANIZATIONAL OVERVIEW AND GOVERNANCE 18
Slide 19: Vision
...to be the most valued company for all stakeholders, renowned fo1 customer focus, innovati yn, ¢ uality, eliability and ethical practices. DADEX
Slide 20: Mission
• We shall provide unparalleled service and best value to our customers through dedicated, responsive and cost effective supply chain. • We are committed to provide quality products by strict adherence to international standards and best practices through technical collaboration with leading global
Slide 21: Dadex Values
Superior Customer Customer Focus: Support with magnified focus. Boundless thinking. Innovation: Timeless Innovation. Dadex Quality: Quality assured is quality delivered. Values Reliability and Trust- A Reliability: secure balance. Solid Links to strong Ethical Practices: principles.
Slide 22: Our Footprints
Islamabad Faisalabad Our Footprints
Slide 23: Our Footprints
• Our Head Office is situated at Karachi. • Dadex has 2 manufacturing facilities in , Hyderabad & Lahore. Our • Have sales offices in Lahore, Footprints Multan, Faisalabad, Peshawar and Islamabad. • Dadex has a wide dealer / distributor network across country.
Slide 24: Company Profile
• Dadex was incorporated in 1959. Our Founder Chairman, Mr. Kassim Dada, started manufacturing CC roofing systems in Hyderabad. • In 1966, we started making CC pipe systems in Karachi. As a forward-thinking company, we've kept up with the market and now produce u-PVC, PPR, and PE pipe systems. • The
Slide 25: Board of Directors
Board of Directors Mr. Shahzad M. Husain Chairman /Non-Executive Director Mr. Sikander Dada Non-Executive Director Mr. Abu Talib H.K. Dada Non-Executive Director Mr. Maqbool H.H Rahimtoola Non-Executive Director* Syed Shahid Ali Bukhari Independent Director Mrs. Amber Ahmed Motiwala Female Director
Slide 26: Board Committees
Board of Directors Board Committees Board Human Resource Board Audit and Remuneration Committee Committee
Slide 27: Board Committees
Board Committees Board Audit Committee • Syed Shahid Ali Bukhari , Independent Director - Chairman • Mr. Shahzad M. Husain - Member • Mrs. Amber Ahmed Motiwala - Member • Mr. Maqbool H.H Rahimtoola * Resigned on Sep, 24, 2024 - Member Human Resource and Remuneration • Mrs. Ayesha Tariq Allawala, Ind
Slide 28: Pattern of Shareholding as of June 30, 2024
Pattern of Shareholding as of June 30, 2024 Directors, CEO, Sponsors, and Family members 30.15% General Public 6.39% Banks, DFI, NBFI and Insurance Companies 0.01% Associated Company 63.18% Joint Stock Companies 0.27%
Slide 29: Collaboration and Certifications
Collaboration and Certifications
Slide 30: Collaborations
We are the exclusive distributor of WAVIN Overseas b.v., of the Netherlands in Pakistan. Ranked as the largest plastic pipe extruder in 2003 in Europe, WAVIN, today, Collaborations stands as the unrivalled European plastic pipe manufacturer in terms of product range.
Slide 31: Certifications
Certifications In our quest to lead by example, joint efforts with our collaborators have led Dadex to ISO 9001, ISO 14001 & OHSAS 18001 Certifications: – ISO 45001 – ISO 9001 – ISO 14001
Slide 32: Certifications
Certifications Accreditation for supreme product performance and quality by the Pakistan Standards and Quality Control Authority (PSQCA).
Slide 33: Products
Products
Slide 34: Polydex, Thermoline and Nikasi piping systems
Polydex is a premium hot & cold Polypropylene Random Copolymer (PPR) Piping System Thermoline is a cost effective hot & cold Polypropylene Random Copolymer (PPR) Piping System. Nikasi is our premium quality complete soil, waste & vent (SWV) system.
Slide 35: Aquadex
ECO is a high quality economical complete soil, waste & vent (SWV) system. Flowline is a suitable solution for underground drain and sewer applications. Aquadex Polyvinyl Chloride (PVC-U) Pressure pipes are best utilized for the distribution of potable water.
Slide 36: T-flex and Electro Duct
T-flex is a fast replacing conventional piping system for water supply and distribution. Polyvinyl Chloride (PVC-U) Electrical Conduits are flexible and uniform in shape. Electro Duct is the first unplasticised Polyvinyl Chloride (PVC- U) Electrical Conduit System.
Slide 37: Antimicrobial Pipes
Antimicrobial Pipes • Dadex has a history of making innovative products, and the first antimicrobial and antibacterial pipes in the country are a new step in that direction. Dadex launched the next generation of antimicrobial water pipes in Pakistan in 2017. • These pipes have been manufactured by u
Slide 38: Financial Performance
Financial Performance For the year ended June 30, 2024 and 2023
Slide 39: Sales Revenue, Operating Profit/Loss, Profit After Tax, EPS
Sales Revenue (Rs in Thousand) 1,119,264 Operating Profit/Loss 1,401,171 (Rs in Thousand (145,402) (196,233) Profit / Loss After Tax (Rs in Thousand) (350,403) EPS (420,029) (Rs/Share) (32.55) Equity (39.02) (Rs in Thousand) 511,890 862,293 2024 2023
Slide 40: Dadex Financial Performance from 2020 to 2024
DADEX FINANCIAL PERFORMANCE FROM 2020 to 2024 2020 to 2024 PARTICULARS 2024 2023 2022 2021 2020 1,119,264 1,401,171 1,696,846 2,444,539 2,374,110 SALES – RS ’000 (145,402) (196,233) (21,208) 152,008 (158,738) OPERATING (LOSS)/PROFIT– RS ’000 (350,403) (420,029) (142,938) (39,009) (361,519) PROFIT AF
Slide 41: Ratios Analysis 2020 to 2024
DADEX ETERNIT LIMITED R AT I O S A N A LY S I S 2020 to 2024 PARTICULARS 2024 2023 2022 2021 2020 PROFITABILITY RATIOS GROSS PROFIT MARGIN 5.64% 9.25% 14.60% 12.72% 9.90% RATIO OPERATING PROFIT -12.99% -14.00% -1.25% 6.22% -6.69% MARGINS (EBIT) % RETURN ON -68.45% -48.71% -17.84% -4.41% -39.17% EQUI
Slide 42: Ratios Analysis 2020 to 2024
DADEX ETERNIT LIMITED R AT I O S A N A LY S I S 2020 to 2024 PARTICULARS 2024 2023 2022 2021 2020 PROFITABILITY RATIOS CURRENT RATIO 0.32 0.40 0.56 0.48 0.69 QUICK RATIO 0.21 0.28 0.35 0.45 0.56 EARNING PER SHARE - (32.55) (39.02) (13.28) (3.62) (33.59) IN RUPEES
Slide 43: Analysis July – June
DADEX ETERNIT LIMITED A N A LY S I S JULY – JUNE PARTICULARS 2024 2023 2022 2021 2020 INVENTORY TURN 67 84 105 89 105 OVER -DAYS RECEIVABLES COLLECTION 18 23 27 23 35 PERIOD PAYABLES PAYMENT 226 176 155 113 96 PERIOD
Slide 44: Strategic / Operational Developments
STRATEGIC / OPERATIONAL DEVELOPMENTS A. Cost Optimization Strategies. I. Reduce inefficient workflows. II. Renegotiate contracts with vendors. B. Revenue Growth. I. Sales and Marketing optimization to expand market share.
Slide 45: Future Outlook / Challenges
FUTURE OUTLOOK / CHALLENGES DADEX
Slide 46: Challenges
Challenges • The market conditions are expected to continue to be difficult for the business due to inflationary conditions. • Massive devaluation of the Pak Rupee, supply and logistical issues due to the Ukrainian Crises, lockdown in China and Europe, high fuel and logistic cost are the major chall
Slide 47: Outlook
Outlook The volatility in raw material pricing coupled with fluctuations in the value of the rupee against international currencies also creates uncertainty. Growth revival will depend on expedited implementation of structural reforms and fiscal improvements – lowering of interest rates and liquidit
Slide 48: DADEX
DADEX