Pak-gulf Leasing Co. Ltd. · PSX:PGLC
Pak-gulf Leasing — Investor Presentation (November 2020)
27 slides from Pak-gulf Leasing's investor presentation, Nov 24, 2020
Slide 1: Corporate Briefing
CORPORATE BRIEFING (Tuesday, 24th November, 2020)
Slide 2: Corporate Briefing agenda
CORPORATE BRIEFING Company Financial Future Governance Operations Performance Prospects Profile
Slide 3: Company Profile
CORPORATE BRIEFING
Slide 4: Company Profile
Date Of Incorporation: 27 December 1994 C O Date Of Commencement Of Business: M 16 September 1996 P A Type Of Entity: N Deposit Taking Leasing Company (NBFC) Y Nature of Products: •Conventional Lease Finance / Auto Loan/ Islamic Finance P R Source of Fund O Equity, CoIs, Banks borrowings F I Registe
Slide 5: Legal Advisors, Tax Advisors, Shariah Advisor
Legal Advisors M/S Mohsin Tayebally & Co. C M/S Rasheed Razvi & Associates O M/S Siddiqui & Raza M M/S T.S. Lawyers P M/S Mansoob Ali Qureshi & Co. A M/S Imtiaz & Azhar Legal Consultants N Tax Advisors: Y Mukhtar Law Associates Shariah Advisor: P R M/S Alhamd Shariah Advisory Services (Private) Limi
Slide 6: Bankers
Bankers: C • Allied Bank Limited O • Al-Baraka Bank (Pakistan) Limited M • Askari Bank Limited P • Bank Al-Falah Limited A • Bank Al-Habib Limited N Y • Habib Bank Limited • JS Bank Limited P • MCB Bank Limited R • MCB Islamic Bank Limited O • National Bank of Pakistan F • Silk Bank Limited I • Sone
Slide 7: Rating Agency and Entity Credit Rating
Rating Agency: VIS Credit Rating Company Limited C O Entity’s Credit Rating: M P VIS, following a detailed analysis and evaluation of the A Company’s performance on June 30, 2020 has re-affirmed its N Ratings for PGL as under: Y P • Medium to Long-term Rating: A-; R • Short-term Rating: A-2; and O F
Slide 8: Entity's Credit Rating History
DATE RATING TYPE LONG TERM SHORT TERM OUTLOOK 6/30/2020 Entity A- A-2 Stable C 4/15/2019 Entity A- A-2 Stable O M Entity’s Credit 1/30/2018 Entity A- A-2 Stable P Rating History: 12/30/2016 Entity A- A-2 Stable A N 11/27/2015 Entity A- A-2 Stable The Company’s Y historical Ratings 9/25/2014 Entity A
Slide 9: Performance-wise Sectoral Ranking
PERFORMANCE-WISE SECTORAL RANKING C (NON-BANKING FINANCIAL INSTITUTIONS INCLUDING MODARABAS) O TOTAL NUMBER OF INSTITUTIONS: 37 M P As per the official data compiled for the Area of Performance Ranking A Financial Year ending 30th June 2019, by the (among 37 N NBFI & Modaraba Association of Pakistan
Slide 10: Governance
casing CORPORATE BRIEFING NN r.
Slide 11: Board of Directors
BOARD OF DIRECTORS S. No. NAME POSITION 1. Mr. Sohail Inam Ellahi Chairman G 2. Brig. Naveed Nasar Khan (Retd) Non-Executive Director O V 3. Mr. Pervez Inam Non-Executive Director E R 4. Mr. Fawad Salim Malik Non-Executive Director N 5. Mr. Ismail H. Ahmed Independent Director A N 6. Mr. Jan Ali Kha
Slide 12: Governance Structure
Governance Structure G BOD O V E R N COMMITTEE HUMAN INTERNAL RISK RECOVERIES FOR REVIEW RESOURCE & A AUDIT CREDIT MANAGEMENT MANAGEMENT OF SYSTEMS/ REMUNERATI COMMITTEE MANUALS/POLI N COMMITTEE COMMITTEE COMMITTEE ON CIES COMMITTEE C E
Slide 13: Governance, Risk Management, Compliance
Governance Risk Management Compliance • Approved policies in line • Management / • Adherence to laws and with the applicable laws and minimization of credit risk regulations regulations G • Internally approved SOPs O for various processes V • Oversight by Board E Committees R N A Internal Control Sy
Slide 14: Operations
CORPORATE BRIEFING OPERATIONS
Slide 15: Pak-Gulf Leasing Company Limited
Pak-Gulf Leasing Company Limited
Slide 16: Lease / Ijarah / Auto-finance loans written and disbursed
Lease / Ijarah / Diminishing Musharaka / Auto-finance loan written 1,200 (Rs. in Million) 1,000 800 1,040 1,026 901 600 810 779 O 400 P 200 E - R 2016 2017 2018 2019 2020 A T Lease / Ijarah / Diminishing Musharaka / Auto-finance loan disbursement (Rs. in Million) I 900 O 800 N 700 786 779 600 623 66
Slide 17: Main Categories of Investment in Finance Lease (FY 2020)
Main Categories of Investment in finance Lease (FY 2020) Machinery & Equipment Vehicle Others 3% O P 16% E R A T I O N S 81%
Slide 18: Sector-wise Portfolio (FY-2020)
Sector-wise portfolio (FY-2020) Others Energy, oil and gas 19% 16% Media & Entertainment Steel, engineering and auto O 8% 4% P E Electrical goods R 1% Transport and A communication T Chemical, fertilizer, 1% Packaging I 0% pharmaceuticals 7% O N Services Textile 11% S 3% Food, tobacco and Advertisem
Slide 19: Financial Performance
CORPORATE BRIEFING Financial Performance
Slide 20: Comparison of Key Operating & Financial Data (FY 2016-FY 2020)
COMPARISION OF KEY OPERATING & FINANCIAL DATA (FY 2016- FY 2020) Year ended 30th June 2020 2019 2018 2017 2016 Operational Results: Revenues 265,444,647 243,892,047 200,380,195 172,211,411 151,671,360 P Lease Revenue 245,567,212 218,862,571 178,154,663 153,030,380 142,475,688 Profit before Taxation
Slide 21: Key Performance Indicators FY 2016 to FY 2020
KEY PERFORMANCE INDICATORS FY 2016 TO FY 2020 (Rupees in Million) Financial Year Total Assets Total Shareholder Funds Net Investment in Leases 2019-20 2,727.33 655.72 2,333.69 P 2018-19 2,661.79 664.81 2,363.31 E 2017-18 2,548.82 632.10 2,248.60 R 2016-17 2,151.26 581.72 1,809.76 F 2015-16 1,851.17
Slide 22: Profit Before and After Taxation
Financial Year Profit Before Taxation Profit After Taxation 2019-20 21.62 10.89 2018-19 71.18 64.38 2017-18 80.60 69.37 P 2016-17 65.50 47.08 E 2015-16 51.19 40.71 R F 90.00 O 80.00 R 70.00 M 60.00 A 50.00 40.00 N 30.00 C 20.00 E 10.00 0.00 2015-16 2016-17 2017-18 2018-19 2019-20 Profit Before Taxat
Slide 23: Dividend Payout %
Financial Year Dividend Payout % 2019-20 2.5 2018-19 7.5 2017-18 12.5 P 2016-17 7.5 E 2015-16 5 R F Dividend Payout % O 14 R 12 M A 10 N 8 C 6 E 4 2 0 2015-16 2016-17 2017-18 2018-19 2019-20
Slide 24: Time-line of Achievements
TIME-LINE OF ACHEIVEMENTS Date / Financial Year Event Date /Financial Year Event 27 December 1994 Company Incorporated Paid-up Capital Increased to Rs.253.698 Million through 6 Million 10 June 1996 Public Floatation of Shares FY 2009 Right Shares issued at par value of Rs.10.0 per share 30 June 1996
Slide 25: Future Prospects
CORPORATE BRIEFING Future Prospects
Slide 26: Future Plans
F U T FUTURE PLANS U R E Expansion in branch network. P R Revival of Ijarah finance on receipt of a favorable decision from the O Sindh High Court on the charge of sales tax on service imposed by Sindh S Revenue Board. P E Improvement and consolidation of Risk Assets. C T S
Slide 27: Thank You
Thank You
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