Pak-gulf Leasing Co. Ltd. · PSX:PGLC
Pak-gulf Leasing — Corporate Update (November 2024)
28 slides from Pak-gulf Leasing's corporate update, Nov 21, 2024
Slide 1: Corporate Briefing Session (FY 2024)
CORPORATE BRIEFING SESSION (FY 2024) (Thursday, 21st November 2024)
Slide 2: Company Profile, Governance, Operations, Financial Performance, Future Prospects
C O R P O R AT E B R I E F I N G ( F Y 2 0 2 4 ) Company Financial Future Governance Operations Profile Performance Prospects
Slide 3: Company Profile
C O R P O R AT E B R I E F I N G ( F Y 2 0 2 4 )
Slide 4: Company Profile
Date Of Incorporation: 27 December 1994 C Date Of Commencement Of Business: 16 September 1996 O M Type of Company: Public Listed Company P A Type Of Entity: Deposit Taking Leasing Company (NBFC) N Y Nature of Business: Hard Core Leasing Company P Nature of Products: Conventional Lease Finance & Auto
Slide 5: Legal Advisors, Tax Advisors, Shariah Advisor, Auditors
Legal Advisors M/S Mohsin Tayebally & Co. C M/S Rasheed Razvi & Associates O M/S Mansoob Ali Qureshi & Co. M P Tax Advisors: A N Mukhtar Law Associates Y Shariah Advisor: M/S Alhamd Shariah Advisory Services (Private) P Limited R Registrar / Share Transfer Office: O M/S THK Associates (Pvt) Ltd. F I
Slide 6: Bankers
Bankers: C • Bank Al-Habib Limited O • Allied Bank Limited M • Silk Bank Limited P • Al-Baraka Bank (Pakistan) Limited A • Askari Bank Limited N • Bank Al-Falah Limited Y • Habib Bank Limited P • JS Bank Limited R • MCB Bank Limited O • MCB Islamic Bank Limited F • National Bank of Pakistan I • Sone
Slide 7: Rating Agency: VIS Credit Rating Company Limited
Rating Agency: VIS Credit Rating Company Limited C Entity’s Credit Rating: O M P VIS, following a detailed analysis and evaluation of the A Company’s performance on September 21, 2023 has re- N affirmed its Ratings for PGL as under: Y • Medium to Long-term Rating: A-; P R • Short-term Rating: A-2; a
Slide 8: Entity's Credit Rating History
DATE RATING TYPE LONG TERM SHORT TERM OUTLOOK 09/21/2023 Entity A- A-2 Stable C 05/16/2022 Entity A- A-2 Stable O 06/30/2021 Entity A- A-2 Negative M P Entity’s 06/30/2020 Entity A- A-2 Stable A Credit 04/15/2019 Entity A- A-2 Stable N Rating History: 01/30/2018 Entity A- A-2 Stable Y 12/30/2016 Ent
Slide 9: Governance
C O R P O R AT E B R I E F I N G ( F Y 2 0 2 4 )
Slide 10: Board of Directors
BOARD OF DIRECTORS S. No. NAME POSITION 1. Mr. Sohail Inam Ellahi Chairman 2. Mr. Pervez Inam Non-Executive Director G O 3. Mr. Fawad Salim Malik Non-Executive Director V E 4. Brig. Naveed Nasar Khan (Retd.) Non-Executive Director R 5. Mr. Ismail H. Ahmed Non-Executive Director N A 6. Mr. Jan Ali Kh
Slide 11: Governance Structure
Governance Structure G O V BOD E R N A N C E HUMAN RESOURCE & RECOVERIES AUDIT COMMITTEE RISK MANAGEMENT REMUNERATION MANAGEMENT COMMITTEE COMMITTEE COMMITTEE
Slide 12: Governance, Risk Management, Compliance
Governance Risk Management Compliance • Approved policies in line • Management / minimization • Adherence to laws, rules with the applicable laws, of credit risk and regulations rules and regulations G • Internally approved SOPs O for various processes V • Oversight by Board E Committees R N Interna
Slide 13: Operations
C O R P O R AT E B R I E F I N G ( F Y 2 0 2 4 ) OPERATIONS
Slide 14: Financing Products
FINANCING O P FINANCING PRODUCTS E R A T I O N VEHICLE FINANCE: FINANCE LEASE: S PGL offers a convenient vehicle PGL offers finance lease, offering flexible repayment schedules and financing facility, allowing tailored solutions to align with financing up to 90% of the cashflow needs and financial g
Slide 15: Deposit Taking: Certificates of Investments
DEPOSIT TAKING: Issue of Certificates of Investments for a period Certificates of 12 Months toof03 Years Investments at Fixed Rate of(CoIs) Returns are issued for a period of 12 Months to 03 Years at Fixed Rates of Return.
Slide 16: Lease / Auto-finance loan written; Net Investment in Finance Lease
Lease / Auto-finance loan written (Rs. in Million) 1,395 1,117 1,026 779 O P 375 E 108 2019 2020 2021 2022 2023 2024 R A Net Investment in Finance Lease (Rs. in Million) T I 2,363 2,334 2,353 O 1,973 1,909 N S 1,182 2019 2020 2021 2022 2023 2024 Note:- Due to record increase in KIBOR & resultant hig
Slide 17: Main Categories of Investment in Lease
Main Categories of Investment in Lease Others 23% O P E R A Vehicle T 10% I Machinery & Equipment 67% O N S Machinery & Equipment Vehicle Others
Slide 18: Sector-wise portfolio (FY-2024)
Sector-wise portfolio (FY-2024) Steel, engineering and auto 3% Energy, oil and gas 2% Electrical goods 6% Transport and communication 1% Individual 27% Chemical, fertilizer and Pharmaceuticals O 3% P Textile, 0.25%, 0% Food, tobacco and Beverage 7% E Hotels, 6% R A Construction 1% T Others 28% Healt
Slide 19: Financial Performance
C O R P O R AT E B R I E F I N G ( F Y 2 0 2 4 ) Financial Performance
Slide 20: Comparison of Key Operating & Financial Data (FY 2019-FY 2024)
COMPARISION OF KEY OPERATING & FINANCIAL DATA (FY 2019- FY 2024) Year ended 30th June 2024 2023 2022 2021 2020 2019 Indicator 2024 2023 2022 2021 2020 2019 Operational Results: Revenues 281,355,563 262,202,401 255,230,917 206,094,628 265,444,647 243,892,047 New Lease Written 108 375.00 1,395.00 1,11
Slide 21: Key Performance Indicators FY 2019 to FY 2024
KEY PERFORMANCE INDICATORS FY 2019 TO FY 2024 (Rupees in Million) Financial Year Total Assets Total Shareholder Funds Net Investment in Leases P 2023-24 1,950.52 815.95 1,181.68 E 2022-23 2,528.85 737.47 1,909.13 R 2021-22 2,901.88 796.71 2,352.94 2020-21 2,420.74 675.44 1,973.08 F 2019-20 2,727.33
Slide 22: Profit Before and After Taxation
Financial Year Profit Before Taxation Profit After Taxation 2023-24 142.95 78.80 2022-23 78.82 56.64 P 2021-22 167.68 146.98 E 2020-21 28.02 24.57 R 2019-20 21.62 10.89 F O 2018-19 71.18 64.38 R M 180.00 A 160.00 140.00 N 120.00 C 100.00 80.00 E 60.00 40.00 20.00 0.00 Profit Before Taxation Profit A
Slide 23: Dividend Payout %
Financial Year Dividend Payout % 2023-24 0 2022-23 35 2021-22 10 P 2020-21 0 E R 2019-20 2.5 F 2018-19 7.5 O Dividend Payout % R 40 M 35 35 A 30 N 25 20 C 15 E 10 10 7.5 5 2.5 0 0 0 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
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 10 June 1996 Public Floatation of Shares FY 2009 Million Right Shares issued at par value of Rs.10.0 per share 30 June 1996
Slide 25: Future Plans
C O R P O R AT E B R I E F I N G ( F Y 2 0 2 4 ) Future Plans
Slide 26: Future Plans
F FUTURE PLANS U T U R E • Increase in taking financing exposures subject to rationalization of KIBOR. P R • Recovery of dues through out of court settlements and rescheduling. O • Encouraging the existing customers with good repayment history to take S fresh exposures. P • Optimum utilization of ex
Slide 27: Questions & Answers
QUESTIONS & ANSWERS
Slide 28: Thank You
Thank You
Pak-Gulf Leasing Company — Corporate Update (November 2024) on 6ix