First Treet Manufacturing Modaraba · PSX:FTMM
First Treet Manufacturing Modaraba — Investor Presentation (November 2025)
49 slides from First Treet Manufacturing Modaraba's investor presentation, Nov 20, 2025
Slide 1: Investor Briefing Session
Investor Briefing Session Treet Corporation Limited Treet Battery Limited First Treet Manufacturing Modaraba PRESENTED BY: Mansoor Murad Date: Nov 20, 2025
Slide 2: Key Considerations
Key Considerations The content from this You may submit your This session will be session and the questions using the link recorded. presentation will be shared in the chat. published online. 2
Slide 3: Disclaimer
This presentation has been made by Treet Corporation Limited and Treet Battery Limited for information purposes only. No representation or warranty express or implied is intended to be made and no reliance should be placed on the fairness, accuracy, sufficiency, completeness or correctness of the in
Slide 4: History
The history of Ali Group dates back to pre-independence days, when the highly dynamic personality of Sir Syed Maratib Ali envisioned the importance of trade and industry in the sub-continent. He expanded his agricultural Syed Maratib Ali Syed Wajid Ali History business into trading and industrial pa
Slide 5: A Journey of Over 70 Years
A Journey of Over 70 Years CED Ick” ‘Only assembler of FORD Khopra OlMils. Wazir Ai industries TeLstarted Carsin South Asia (Vegetable Ghee manufacturing of Production) Carbon Steel Blades at HYD Plant ) © 2005 (1 Yr 2000 (4) wd Manufacturing Incorporation of Launched Industrial Counted among first
Slide 6: Corporate Social Responsibility
Corporate Social Responsibility Contribution in: Diversity & Inclusion and Sustainability A commitment that lasts Environmental Responsibility A long-standing commitment to Maintaining a vital ‘urban lung’ in the providing meaningful employment for heart of a bustling industrial estate. individuals
Slide 7: Corporate Social Responsibility
Corporate Social Responsibility Contribution in: Social Impact Oxford Partnership Expanding Healthcare Access We proudly support the prestigious Our dedication to healthcare is reflected Oxford Pakistan Programme, fostering in our collaboration with Liaquat National strong ties and empowering talent
Slide 8: EHS Highlights TCL (Lahore & Hyderabad) FY 24-25
EHS HIGHLIGHTS TCL(Lahore & Hyderabad) – (FY 24 - 25) IMPROVEMENTS SO FAR INCIDENTS BREAK UP (TYPE AND BODY PART) NO. OF CASES 24 Head 2 PEOPLE PROCESS RISKS Leg 0 1- Personal Protective Equipment (PPE) 1- Installation of Fire Alarm System 1- Training sessions with front line distribution among all
Slide 9: Headwinds Easing
Inflation rate Policy rate 30.00% 25.00% Headwinds Easing 20.00% Inflation is coming down, and SBP has 15.00% started reducing the Policy rate in line with inflation 10.00% 5.00% 0.00% 2022 2023 2024 2025 *Inflation form Pakistan Bureau of 9 Stats
Slide 10: Blades & Razors (Treet Corporation Limited)
Blades & Razors (Treet Corporation Limited) Corporate Briefing session FY 2024-25
Slide 11: TCL Sales Analysis
TCL Sales Analysis Sales Quantity Sales Value 2,000 15,000 Millions Millions 1,500 10,000 1,000 5,000 500 Focus on value over - - volumes, pricing 2021-22 2022-23 2023-24 2024-25 interventions, and portfolio upgradation TCL Profitability Analysis in a value-conscious Operating Profit Gross Profit se
Slide 12: Local and Export Sales Trend
Local Sales Trend - PKR 12,000 Millions 10,000 Locals sales have demonstrated 8,000 remarkable resilience, successfully fighting against grey market 6,000 products to defend share in the value-conscious space, while 4,000 improving product mix to drive Domestic business has 2,000 greater revenues, a
Slide 13: Borrowings & Finance Cost
Borrowings & Finance Cost Short term Long term Finance cost 9,000 1,881 2,000 8,000 1,800 Interest Cost 1,600 and Borrowings 7,000 2,279 908 1,489 1,400 6,000 2,341 1,222 A significant reduction in 1,200 PKR in Millions PKR in Millions interest rates over the past 5,000 2,069 year, combined with low
Slide 14: Ratio Analysis
Current ratio Quick ratio 0.04x 1.25x 0.15x 0.85x 1.21x 0.70x Ratio Analysis Liquidity ratios have declined due to reclassification of TBL loan June 2025 June 2024 June 2025 June 2024 receivable into Long term investment. Profitability TCL Profitability Ratios ratios, meanwhile, are on OP Ratio GP R
Slide 15: TCL Profitability Analysis
Net revenue Gross profit Operating profit Net profit 4,597 1,319 12,591 1,046 10,935 TCL 3,246 77% 1074% 15% 42% 743 Profitability Analysis A strong profit trajectory over the 24-25 23-24 period, profit from 24-25 23-24 24-25 23-24 24-25 23-24 -107 operations rose by 77% Avg unit price Operating Por
Slide 16: Key Financial Metrics
TCL PKR in 000 2025 2024 2023 2022 Key Financial Metrics EBITDA 1,628,031 1,023,144 1,619,476 1,323,258 Sales 12,591,060 10,935,371 10,173,875 7,423,897 Gross Profit 4,597,063 3,245,737 3,260,244 2,246,715 Operating Profit 1,319,247 743,284 1,249,946 968,937 Profit After Tax 1,045,520 (107,371) 133,
Slide 17: Sales Trend, Category and Portfolio Split
Sales Trend Category Split 500 Millions 450 Shaving 400 Razor 350 40% 300 250 Hygiene 200 Razor 150 60% Structured focus on 100 50 Modern Trade is - already showing 24-25 23-24 strong results – This segment is critical for Portfolio Split upcoming premium range Shaving Foam Razors 4% 82% D/E 14% 17
Slide 18: Female shaving segment represents significant untapped opportunity
Revenue - General Trade Revenue - Modern Trade Female 12% Female 36% Male Female shaving Male 64% segment represents 88% significant untapped opportunity Revenue - Online Female 41% Male 59% 18
Slide 19: Our Brands
Our Brands 19 Private and 02
Slide 20: Estela - For Her
Estela - For Her Redefine your grooming routine with Estela for Her – a premium collection of razors and grooming essentials designed for precision, comfort, and elegance. Crafted for the woman who deserves nothing but the best. Experience it soon. 20 Private and 03
Slide 21: Genesis - For Him
Genesis - For Him Elevate your grooming routine with Genesis for Him – a premium range of razors and grooming products engineered for precision, performance, and style. Designed for the man who demands excellence in every detail. Coming soon. 21 Private and 04
Slide 22: Q/A Session
Q/A Session Have questions or feedback? Scan the QR code to complete the questionnaire and let us know your thoughts! 22 Private and 07
Slide 23: Batteries (Treet Battery Limited)
Batteries (Treet Battery Limited) Corporate Briefing session FY 2024-25 Presented By: Muhammad Rizwan
Slide 24: Performance Dashboard: Rs (Million)
Revenue Gross Profit 1,730 1,765 8,733 8,844 8,248 1,349 4,882 155 3,562 (135) Performance 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 Revenue GP Dashboard: Rs (Million) Operating Profit Net Profit 200 40 969 857 - 610 2020-2021 2021-2022 2022-
Slide 25: P&L Actual vs Last Year
Statement of Profit or Loss Vertical Analysis Description 30-Jun-25 % 30-Jun-24 % Rupees in millions Revenue - Net 8,844 100% 8,733 100% P&L Actual vs Cost of Goods Sold (7,078) -80% (7,003) -80% Last Year Gross profit 1,765 20% 1,730 20% Admin (80) -1% (49) -1% Selling (717) -8% (824) -9% 2025 Audi
Slide 26: Profitability & Margin Analysis
Profit / (loss) after Revenue - net Gross Profit Op profit 40 tax 8,844 8,733 969 1,765 1,730 857 Profitability & Margin Analysis -377 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 2025 Audited Gross margin Operating margin Net margin 11% 2024 Restated 20% 20% 10% 0.46% FY 2025 FY
Slide 27: Balance Sheet Audited
Rupees in millions Description Jun-25 Jun-24 Difference % Restated NON-CURRENT ASSETS 6,355 6,424 (70) -1% Balance Sheet CURRENT ASSETS Stocks 1,004 1,390 (386) -28% Trade debtors 454 392 62 16% Advances & Others 1,711 1,949 (238) -12% Total current assets 3,169 3,731 (562) -15% Short term borrowing
Slide 28: Industry Benchmark
FY 2025 FY 2024 Net Revenue Rs. (000) TBL 8,843,791 8,733,322 Company A 23,895,008 25,667,602 Company B 35,201,281 41,470,592 Gross Profit TBL 1,765,352 1,730,378 Company A 3,869,359 4,851,681 Industry Benchmark Company B 3,960,896 5,934,721 Operating Profit TBL 969,081 857,142 Company A 1,772,325 3
Slide 29: Retained Earnings
Retained Earnings Rs (Million) 2,500 2,174 Retained Earnings 2,000 1,500 1,000 507 500 130 - 2022-2023 2023-2024 2024-2025 RE FY 2024-25 29
Slide 30: EPS & Ratio
EPS & Ratio Current EPS ROE EBITDA Ratio 2025 0.05 1.86% 0.43 1,187 m 2025 Audited 2024 Restated 2024 (0.43) -289% 0.37 1,152 m FY 2024-25 30
Slide 31: Expanding Horizon with Lithium-ion Batteries
Treet Battery Limited (TBL) has entered into a strategic partnership with Highstar Digital Energy Technology (Guangdong) Co., Ltd. a leading Chinese manufacturer of energy Expanding storage solutions, for the import and sale of lithium-ion batteries in Pakistan. Horizon Main competitor has estim
Slide 32: First Treet Manufacturing Modaraba
First Treet Manufacturing Modaraba Corporate Briefing session FY 2024-25
Slide 33: Performance Dashboard: PSOL and Soap Operating Profit
PSOL - Operating Profit 60 Millions Challenging time for 40 the industry as a whole – business is focused on 20 protecting existing Performance customer base and Dashboard: - generating trial at selected targeted The major challenge to 2022 2023 2024 2025 customers overall performance is (20) coming
Slide 34: Key Financial Metrics
FTMM PKR in 000 2025 2024 2023 2022 Key Financial Metrics EBITDA 188,230 246,283 184,043 330,698 Sales 3,793,000 4,148,000 3,911,000 2,796,128 Gross Profit 344,000 375,000 303,000 129,830 Operating Profit 159,222 220,058 147,503 58,470 Profit After Tax 117,000 271,000 165,000 229,124 Gross Margin 9%
Slide 35: Q/A Session
Q/A Session Have questions or feedback? Scan the QR code to complete the questionnaire and let us know your thoughts! 35 Private and 07
Slide 36: Pharma Corporate Briefing session FY 2024-25
Pharma Corporate Briefing session FY 2024-25
Slide 37: RENACON's Journey from 2017 to 2025
RENACON’s Journey from 2017 to 2025 37
Slide 38: RPL Sales Analysis
RPL 5 Years Sales Analysis Sales Value Sales Quantity 2,000 3.0 Millions Millions 1,500 2.0 Performance 1,000 Dashboard: 500 1.0 Focus on driving value - 0.0 through pricing interventions in the face of 2021 2022 2023 2024 2025 high domestic market share RPL - Operating Profit Millions 400 300 200 1
Slide 39: Key Financial Metrics
RPL PKR in 000 2025 2024 2023 2022 Key Financial Metrics EBITDA 323,482 306,205 145,442 63,522 Sales 1,615,054 1,369,575 1,066,912 715,382 Gross Profit 508,521 470,365 222,988 118,465 Operating Profit 295,389 302,722 142,518 59,929 Profit After Tax 121,611 182,865 66,920 31,461 Net Finance Cost 120,
Slide 40: Export Sales - USD
544,390 Export Sales - USD 350,810 315,201 191,087 72,264 2024-2025 2023-2024 2022-2023 2021-2022 2020-2021 40
Slide 41: Q/A Session
Q/A Session Have questions or feedback? Scan the QR code to complete the questionnaire and let us know your thoughts! 41 Private and 07
Slide 42: Treet Group of Companies Group Financial Performance
Treet Group of Companies Group Financial Performance
Slide 43: Group Entities Operating Profit
All Group Entities delivering positive operating profits despite various headwinds – Export business refresh on TCL being triggered to deliver upside TCL - Operating Profit Treet Battery Limited - Operating Profit 1,600 1,200 Millions Millions 1,400 1,000 1,200 800 1,000 600 800 400 600 200 400 - 20
Slide 44: Group Cash Delivery
Group Cash Delivery Major reduction in overall Group borrowing, spearheaded by TCL 44
Slide 45: Entity wise Revenue
Entity wise Revenue Blades, razor, shaving Corrugated Hemodialysis Soap Bikes Battery Total foam and chemicals boxes concentrates ---------------------------------------------------------Rupees in thousand------------------------------------------------------------------------------ Primary Geograph
Slide 46: Q/A Session
Q/A Session Have questions or feedback? Scan the QR code to complete the questionnaire and let us know your thoughts! 46 Private and 07
Slide 47: Shaping Industries, Empowering Lives
‘Shaping Industries, Empowering Lives Mreet Corp Treet Corporation Limited 72B, Peco Road, Kot Lakhpat Industrial Area, Lahore 54770, Pakistan (& +92-42-I-Treet (87338) / WhatsApp: +92 328 8733888 © wwwtroetcorp.com ® info@treetgroup.com in © f & @treetcorp Q&A
Slide 48: Contact Us
Contact Us Address: 72B, Peco Road, Kot Lakhpat Industrial Area, Lahore 54770, Pakistan Phone: +92-42-1111-TREET (87338) Email: info@treetgroup.com Website: www.treetcorp.com 48
Slide 49: Organized shaving sector in Pakistan is dominated by Two companies
2025 -----------------(Rupees in thousand)---------------- Treet Gillette Variance Revenue from contracts with customers - net 12,591,060 1,719,851 632% Cost of revenue (7,993,997) (1,379,477) 479% Organized shaving Gross profit 4,597,063 340,374 sector in Pakistan is Administrative expenses (1,301,
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