Corporate briefing session-2024

Table of contents

Company overview

Industry information

Financial performance

Future outlook

Q&A session

 Millat Tractors Limited

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Millat Tractors Limited - Company Overview

• • Public Limited Company - Listed on Pakistan Stock Exchange(PSX)
  • Established in 1964, Nationalized in 1972, Employee/Management buyout in 1992
  • Quality Management system upgraded to ISO 9001:2000 in 2000
  • Launch of Emission Compliant Diesel Engines and Export Tractor Models in 2017
  • Launch of three new Deluxe models in February 2024 on the celebration of MTL's 60th anniversary
  • Achieved highest ever sales in 2018 and continuing…
  • Achieved highest ever export sales of 2,700+ plus tractors in 2024 and continuing…
  • Market capitalization of PKR 122 billion (PSX) as at June 30, 2024
  • Excellence in Corporate Management award by MAP - three years consecutive
  • Top 25 PSX company awarded by PSX consecutively for the years 2017, 2018, 2019 and 2022
  • Best Corporate and Sustainability report 2022 award by joint committee of ICAP and ICMAP
• Millat Tractors Limited

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Millat Tractors Limited

VISION

• Millat to be a global group of companies, recognized for a range of quality products with innovative design capabilities."

MISSION

• To be the market leader in agricultural tractors and machinery, building company's image through innovation and competitiveness, growing by expanding market and investing into group companies, ensuring satisfaction to customers, stakeholders and to fulfilling our corporate social responsibility."

 Millat Tractors Limited

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Product range MTL

MF Tractors from 50 - 85 hpAgricultural implements

 Fodder and Combine Harvesters

 Balers, Laser Land Leveler

Diesel Power Generators(12.50 to 500 KVA) Prime moversForklift trucks(3 to 4 Ton)

Spare Parts and After Sale Market

Millat IFS Business Channel- Partner of IFS SWEDEN

 Millat Tractors Limited

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TRACTORS

MTL is tractor assembling company which assembles MASSEY FERGUSON (MF) brand tractors for local and export market, ranging from 50 HP to 85 HP. The company also introduced Deluxe variants for its existing tractors. Following are the some of the main tractors:

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INDUSTRIAL PRODUCT DIVISION (IPD)

• IPD is a separate business unit (SBU) of MTL deals with Power generating sets, Fork lift trucks, Prime moversetc.

• • IPD sales during the year are Rs. 486 million.
• Millat Tractors Limited

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Spare Parts and After Market

• In order to meet the spare parts requirement of all products of MTL, it has developed a separate business unit.
• This segment deals in sale of all spare parts, lubricant oils, batteries, filters, grease, paint, sheet metal parts etc. of all products of MTL.
• Parts segment has a network of 73 parts dealers, which works in collaboration with 89 main dealers and 587 workshops of distribution and service department of MTL all over Pakistan.
• Sales of Rs. 2,415 million during 2023-24.

 Millat Tractors Limited

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MILLAT'S DEALERS GEOGRAPHICAL COVERAGE

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Millat IFS Business Channel - Partner of IFS SWEDEN

• In line with the vision of management, considering the importance of Information Technology for industry, MTL decided to implement globally renowned ERP, IFS Applications in Millat Tractors Limited in 2009.
• Having trained and qualified human resources since 2009, MTL entered into sales and implementation partnership for IFS Applications to extend the benefits of digital transformation to other group companies and automotive industry and formed a Business unit as Millat IFS Business Unit (MIBU).
• MIBU is selling and implementing ERP solution, IFS Applications that help companies get better return on investment.

 Millat Tractors Limited

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