Slide 1: Corporate Briefing Session
Corporate Briefing Session May 07, 2021 at 10:30 AM
Slide 2: Company Profile
Company Profile • Incorporated on January 31, 1966 • Public listed company since 1967 • The pioneer industrial project of House of Habib • Grown from having one business division to 6 business divisions – Engineering and Building & Allied Products segments • Employing over 4,500 people • Credit Rati
Slide 3: Company Profile: Investments in Subsidiaries
Company Profile Investments in Subsidiaries • Habib METRO Pakistan (Private) Limited • Thal Boshoku Pakistan (Private) Limited • Makro-Habib Pakistan Limited • Noble Computer Services (Private) Limited • Pakistan Industrial Aids (Private) Limited • Thal Power (Private) Limited Investment in Energy S
Slide 4: Thal Business Highlights
Thal Business Highlights Thal Ltd (PKR M) 9M FY 21 (ACTUAL) 9M FY 20 (ACTUAL) 9M FY 19 (Actual) SALES 19,157 (↑42% v SPLY) 13,494 16,493 PBT 3,406 (↑58% v SPLY) 2,158 3,403 AUTO ENGINEERING JUTE, PACKAGING & LAMINATES ENERGY BUSINESS HIGHLIGHTS BUSINESS HIGHLIGHTS BUSINESS HIGHLIGHTS • Sustained OEM
Slide 5: Thal Snapshot – Maintaining Momentum
Thal Snapshot – Maintaining Momentum 9,000 3,000 8,000 7,823 2,500 7,000 5,674 5,938 6,000 5,881 6,277 2,000 5,609 Rs in Million Rs in Million 5,000 4,881 1,430 5,057 1,429 3,998 1,185 1,500 4,000 1,293 1,386 1,325 1,305 1,303 3,886 1,024 998 1,216 932 953 1,004 1,236 3,000 847 1,082 1,011 2,955 1,2
Slide 6: Thal’s Businesses
Thal’s Businesses Engineering Segment . EAC ENGINE COMPONENT FURUKAWA ELECTRIC Thal Limited Building Material Ls & ome Allied Products y I I Toyota Boshoku FI — 4A THAL BOSHOKU PAKISTAN ITHAL BOSHOKU PAKISTAN
Slide 7: Automobile Industry: Quarterly Sales (Units)
Automobile Industry: Quarterly Sales (Units) 80,000 70,000 68,956 66,177 65,455 60,000 64,119 63,417 61,495 62,027 60,750 58,617 54,899 54,929 50,000 50,348 48,065 40,000 3 months period during current year 42,571 Showed growth of 62% compared to 37,383 34,461 30,000 same period in 2019-20. 32,874 3
Slide 8: Automobile Industry: Quarterly Sales (Units)
Automobile Industry: Quarterly Sales (Units) Major Japanese OEMs observing quick recovery in sales since COVID lockdown HACPL IMC PSMC 40,000 38,070 36,447 36,776 36,412 35,000 33,679 32,777 30,000 30,433 29,478 25,000 23,147 21,551 20,000 20,451 19,672 17,212 16,935 17,485 17,110 16,293 16,641 15,4
Slide 9: Esteemed Customers
Esteemed Customers GNL Automotive Lamps & Automotive Seat Manufacturer Mirror manufacturer 9
Slide 10: Thermal Systems Business
@W Thermal Systems Business Product Offerings TAA DENSO Thermal Systems Div Hy, Reserve Tank Hoses & Tubes dy Viti Heater Core Evporator 10
Slide 11: Electric Systems Business
Electric Systems Business S No. OEM No. of Harness 1 Toyota 137 2 Honda 80 3 Suzuki 46 4 Others 85 TOTAL 348 11
Slide 12: Thal Electrical – Yazaki
Thal Electrical – Yazaki Plant Inaugurated at Bin Qasim Industrial Park, Karachi on 16th Mar,2020 Plant celebrated first 10k WH units in Dec’20 with Zero PPM 1st external audit of IATF 16949 has successfully passed. Female JTMs strength increased to 32 at Plant 12
Slide 13: Thal Boshoku Pakistan (Private) Limited
Thal Boshoku Pakistan (Private) Limited Car Seats 13
Slide 14: Thal Boshoku Pakistan (Private) Limited
Thal Boshoku Pakistan (Private) Limited Plant celebrated first 10k seat sets in Dec’20 with Zero PPM Business posted profit for the period ended Mar’21 as compared to SPLY. Company is approaching existing and new OEMs for their seats and component business Female JTMs strength increased to 4
Slide 15: Challenges
Challenges Auto Industry increased by 32% during 9 months period ending between Jul-Mar’21 compared to same period last year. Whereas last year, overall industry observed severe downturn. Coming months seems more promising due to vehicle price stability, lower interest rates and rise in overall ec
Slide 16: Awards and Recognitions 2020-2021
Awards and Recognitions 2020-2021 Customer Recognitions Best Development Award Environmental Excellence Award Best Practices Award Corporate Excellence Award A Business of Thal Limited 16
Slide 17: Awards and Recognitions 2020-2021
Awards and Recognitions 2020-2021 Best Development Award from Suzuki 17
Slide 18: Awards and Recognitions 2020-2021
Awards and Recognitions 2020-2021 HSE – Environmental Excellence Awards 2020 17th Annual Environment Excellence Award by NFEH on September 18, 2020 18
Slide 19: Awards and Recognitions 2020-2021
Awards and Recognitions 2020-2021 OSH&E Best Practices Award 19
Slide 20: Awards and Recognitions 2020-2021
Awards and Recognitions 2020-2021 Corporate Excellence Award Thal Limited received 35th MAP Award for excellence in Corporate Management in Automobile Parts & Accessories Category 20
Slide 21: Thal’s Businesses
Thal’s Businesses Thal Limited Vo | Toyota Boshoku a oS Engineering Segment ee eat™ ENGINE COMPONENT Building Material & Allied Products THAL BOSHOKU PAKISTAN 21
Slide 22: Thal Jute – Product Range
Thal Jute – Product Range 22
Slide 23: Thal Jute – Product Mix
Thal Jute – Product Mix Sales Quantity: 17,308 MT Sales Quantity: 16,170 MT Others Others 12% 16% Hessian 31% Sacking Hessian 53% 31% Sacking 57% Jul 20 – Mar 21 Jul 19 – Mar 20 23
Slide 24: Thal Jute – Export
Thal Jute – Export Industry Export with Thal's Share 20,000 10,333 Other Mills Export Thal Export 15,000 54% 54% 6,929 63% 70% 10,000 6,777 79% 49% 7,009 69% 91% 77% 4,211 8,767 6,817 70% 5,709 7,227 87% 4,816 47% 5,944 5,000 5,831 4,851 54% 2593 76% 72% 4,346 4,000 2173 2,619 2,399 3,030 2,983 2,61
Slide 25: Pakistan Papersack – Products
Pakistan Papersack – Products Cement Bags – Industrial Sacks – SOS & Burger Carrier Bags Local Polyproplene Bags Local & Export Local & Export Wraps– Local & & Export Markets Markets Markets Export Markets Cement Bags Fashion Bags Industrial Sacks Multi-Ply Sacks Guar Gum Fast Food Sports Wear Semi-
Slide 26: Investment in WPP Bags’ Manufacturing Line
Investment in WPP Bags’ Manufacturing Line Capacity 90 M Bags per year. Investment PKR 1.7 Billion Location HUB – Baluchistan 3rd Quarter 2021-22 Expected Commercialization (FY) Supplier WindMoller & Holscher 26
Slide 27: Investment in Solar Energy
Investment in Solar Energy - Project scope: 1,511 KWH at Hub plant and 250 KWH at Gadoon plant. - Vendor: Solis Energy Solution. - Commercial proposal has been signed by both parties. Investment PKR 130 M Location HUB / Gadoon Expected 3rd Quarter Commercialization 2021-22 (FY) 27
Slide 28: Capacity Enhancement In North
Capacity Enhancement In North Investment PKR 80 M Location Gadoon – KPK Expected 2nd Quarter 2021-22 Commercialization (FY) 28
Slide 29: Expansion of SOS Bags’ Manufacturing Line
Expansion of SOS Bags’ Manufacturing Line 48 M Bags per Capacity year. Investment PKR 86 M HUB – Location Baluchistan 1st Quarter 2021- Expected Commercialization 22 (FY) 29
Slide 30: Baluchistan Laminates – Products
Baluchistan Laminates – Products BOARDS HIGH PRESSURE LAMINATES (LPL, HPL, LOCAL & MDF) (ECONO, CLASSIC & TUFF) FINISHED PRODUCTS TECHNICAL LAMINATES (MELAMITE – GENERAL, P1 & P2) WRITING SURFACES PARTITION & LOCKERS 30
Slide 31: Thal’s Businesses
Thal’s Businesses Other • Habib METRO Pakistan (Private) • Thal Power (Private) Limited Subsidiaries Limited 31
Slide 32: Habib METRO Pakistan (Private) Limited
Habib METRO Pakistan (Private) Limited Shareholding Structure Dividend History 60% Thal Limited 40% Metro AG 1000 Full year Half year 977 900 800 ISB 1 700 LHE FSD 6 2 3 600 4 648 5 630 Rs. In Millions 500 501 459 400 469 436 300 7 9 KHI 8 200 100 HMPL Owns & Manages a total of 9 Properties in Pakis
Slide 33: Investments in Energy Sector
Investments in Energy Sector 33
Slide 34: Sindh Engro Coal Mining Company Limited
Sindh Engro Coal Mining Company Limited 34
Slide 35: Box Cut, Mine Depth, Dewatering
Box Cut: 600 M Mine Depth: 195 m Dewatering: 74,352 M3/ day FOREX Saved: $76 million till Dec 2020 35
Slide 36: SECMC – Earnings Snapshot
SECMC – Earnings Snapshot For the Period 1st Jan to 31 Dec 2020 SECMC Coal - Production & Supply Actual YTD Dec'20 (M Tons) Plan YTD Dec'20 (M Tons) In PKR Mn 31-Dec-20 4.50 Revenue 37,101 4.00 3.77 3.84 3.80 3.79 Gross Profit 17,631 3.50 Profit After Tax 11,014 3.00 2.50 2.00 1.50 1.00 0.50 0.00 Pr
Slide 37: SECMC Phase I – Key Events
SECMC Phase I – Key Events Key Events Forecasted Dates Significance Tariff True up 2H 2021 COD stage tariff for SECMC Phase I must be determined by Thar Coal Energy Board. True up of tariff is also a condition for Project Completion (PCD) from SECMC lenders. Once PCD occurs, SECMC can pay dividends
Slide 38: SECMC Phase II
SECMC Phase II Key Events Forecasted Dates Financial Close 31 Dec 2019 (occurred) Expected COD 2022 38
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Slide 40: ThalNova Power Thar (Private) Limited
ThalNova Power Thar (Private) Limited 40
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Slide 42: ThalNova Key Events and Forecasted Dates
Key Events Forecasted Dates Financial Close 30 Sep 2020 (occurred) Disbursement of 1st debt tranche April 2021 Expected COD 2022 ThalNova commenced construction on site using Sponsor equity prior to FC. Despite a brief delay, debt disbursement by both foreign and local lenders in April 2021 has ease
Slide 43: Financial Highlights
Financial Highlights 43
Slide 44: Profit and Loss – Standalone
Profit and Loss – Standalone YTD YTD Mar-2021 Mar-2020 Rs. in Million Revenue 19,157 13,494 Gross Profit 3,312 2,042 Profit before taxation 3,405 2,158 Profit after taxation 2,588 1,660 EPS (Rs.) 31.94 20.49 Breakup value (Rs.) 283 243 44
Slide 45: Balance Sheet
Balance Sheet Mar-2021 Jun-2020 Mar-2020 ASSETS EMPLOYED --------------- Rs. in Million --------------- Fixed Assets 3,319 3,292 3,288 Long-term Investments 7,770 5,796 5,830 Long-Term Loans and Deposits 293 1,944 1,668 Deferred Tax Asset - Net 177 205 211 Net Current Assets 11,639 9,665 8,723 Total
Slide 46: Key Figures
Key Figures Sales revenue Total assets Rs. in million Rs. in million Jul-Mar 2021 19,157 Jul-Mar 2021 28,311 Jul-Mar 2020 13,494 41.97% Jul-Mar 2020 22,823 24.04% Profit after tax Earnings per share Rs. in million Rs. in million Jul-Mar 2021 2,588 Jul-Mar 2021 31.94 Jul-Mar 2020 1,660 55.90% Jul-Mar
Slide 47: Profit and Loss – Consolidated
Profit and Loss – Consolidated YTD YTD Mar-2021 Mar-2020 Rs. in Million Revenue 20,863 14,076 Gross Profit 3,371 2,031 Profit before taxation 5,558 3,784 Profit after taxation 4,376 2,883 EPS (Rs.) 49.83 32.69 Breakup value (Rs.) 353 306 47
Slide 48: Thank You
Thank You 48