Packages Limited · PSX:PKGS
Packages — Investor Presentation (May 2022)
29 slides from Packages's investor presentation, May 17, 2022
Slide 1: Packages Limited Corporate Briefing Session
PACKAGES LIMITED CORPORATE BRIEFING SESSION May 17, 2022 Creating a better tomorrow
Slide 2: Agenda
Agenda • Presentation by the Management • Q&A Session Creating a better tomorrow
Slide 3: Economic Overview: Inflation vs Discount Rate of Pakistan
Economic Overview Inflation vs Discount Rate of Pakistan 13.4% 13.0% 12.7% 12.3% 12.2% 11.5% 11.1% 10.9% 9.7% 9.2% 9.1% 9.0% 8.7% 8.4% 8.4% 12.25% 7% 5.7% 9.75% 9.75% 10% 10% 8.75% 7.25% 7.25% 7% 7% 7% 7% 7% 7% 7% 31-Jan-21 31-Mar-21 31-May-21 31-Jul-21 30-Sep-21 30-Nov-21 31-Jan-22 31-Mar-22 Inflat
Slide 4: Group Structure
Group Structure Creating a better tomorrow
Slide 5: Our Investment Portfolio
OUR INVESTMENT PORTFOLIO Packages Limited 54.98% 75.16% 79.07% 8.05% 50% 100% 100% 100% 10.61% 69% Packages Anemone Bulleh Shah Nestle DIC Pakistan Packages IGI Holdings Tripack Films Lanka (Pvt) Holdings Packaging Pakistan Omya Pack StarchPack Limited Real Estate Limited Limited Limited Limited (Pv
Slide 6: Group's Product Portfolio
GROUP’s PRODUCT PORTFOLIO Packages Convertors Ltd LIFE INSURANCE FOLDING CARTON CORRUGATED ROTOGRAVURE INKS FIRE COVER CARTONS BOPP Films RETIREMENT PLANNING OFFSET INKS AUTO COVER FLEXIBLE PACKAGING PAPER CPP Films FLEXOGRAPHIC INKS TRAVEL SURE HOME COVER CONSUMER PRODUCTS BOARD
Slide 7: Packages Limited Stand-Alone Financials FY ended December 31, 2021
Packages Limited Stand-Alone Financials FTY ended December 31, 2021 Creating a better Creating a bettertomorrow tomorrow
Slide 8: Company's Results
Company’s Results Creating a better Creating a bettertomorrow tomorrow
Slide 9: Current Ratio Trend
Current Ratio Trend 2.62 2.34 1.67 1.61 1.70 1.57 1.53 1.07 1.14 2013 2014 2015 2016 2017 2018 2019 2020 2021 Creating a better Creating a bettertomorrow tomorrow
Slide 10: Debt to Equity % and LT Debt to EBITDA Multiple
4.9% 3.0% 6.3% 6.2% Debt to Equity % 95.1% 97.0% 93.7% 93.8% 2018 2019 2020 2021 Equity Debt 6,000 1.00 LT Debt to 5,000 0.80 0.59 EBITDA Multiple 4,000 3,000 0.77 0.40 0.72 0.60 0.40 2,000 1,000 0.20 4,871 4,581 3,807 4,268 - - 2018 2019 2020 2021 EBITDA (PKR in millions) LT Debt to EBITDA Multiple
Slide 11: Performance of Group Companies
Performance of Group Companies Creating a better Creating a bettertomorrow tomorrow
Slide 12: Packages Convertors Limited
Packages Convertors Limited CONSUMER FLEXIBLE PRODUCTS PACKAGING 23% NET SALES (21 Vs 20) EBT (21 Vs 20) Rs 30B Vs Rs 27B Rs 2.6B Vs Rs 2B 48% 12% 30% 29% FOLDING CARTONS
Slide 13: Bulleh Shah Packaging
BULLEH SHAH PACKAGING OUR PRODUCTS 100% Subsidiary CORRUGATED PAPER BOARD CARTONS Bulleh Shah Packaging NET SALES (21 Vs 20) EBT (21 Vs 20) Rs 37B Vs Rs 29B Rs 4.4B Vs Rs 2.7B Corrugated Packaging Paper & Board 28% 60% 105,000 tons 265,000 tons Karachi Kasur Creating a better Creating a bettertomorr
Slide 14: DIC Pakistan
DIC PAKISTAN OUR PRODUCTS 55% ROTOGRAVURE INKS FLEXOGRAPHIC INKS Joint Venture DIC GLOBAL NET SALES (21 Vs 20) EBT (21 Vs 20) Rs 6.7B Vs Rs 5.6B Rs 950M Vs Rs 616M SHEET FED OFFSET INKS 20% 54% Creating a better Creating a bettertomorrow tomorrow 14
Slide 15: Packages Real Estate
PACKAGES REAL ESTATE 75.16% Subsidiary EBT (21 Vs 20) Revenue (21 Vs 20) Rs 3.3B Vs Rs 2.6B Rs 454M Vs Rs (203M) 23% 3 times Inaugurated Area >200 2017 1.3M sqft Shops Creating a better Creating a bettertomorrow tomorrow 15
Slide 16: Flexible Packages Convertors – South Africa
FLEXIBLE PACKAGES CONVERTORS – SOUTH AFRICA OUR HARDWARE & PRODUCTS 63% Subsidiary ▪ 6 Coex extrusion ▪ Shrink Film NET SALES (21 Vs 20) EBT (21 Vs 20) machines ZAR 695M Vs ZAR 576M ZAR (28)M Vs ZAR (31)M ▪ 2 Monolayer extrusion ▪ Bread Bags ▪ 2 printing machines ▪ Refuse Bags 10% upto 10 colors 21%
Slide 17: Packages Lanka – Sri Lanka
PACKAGES LANKA – SRI LANKA OUR HARDWARE & PRODUCTS 79.09% Subsidiary NET SALES (21 Vs 20) ▪ Coex Extrusion ▪ Tea Bags EBT (21 Vs 20) ▪ Roto graphic Printing LKR 2.5B Vs LKR 2.1B ▪ Lamination ▪ Biscuits & Snacks LKR 108M VS LKR (16) M ▪ Slitting & Bag Making ▪ Confectionary 15% 2.8 times ▪ Detergents
Slide 18: Omya Pack Pakistan
OMYA PACK PAKISTAN OUR PRODUCTS 50% Joint Venture OMYA SWITZERLAND Revenue (21 Vs 20) EBT (21 Vs 20) Rs 820M Vs Rs Rs 141M Vs Rs 67M Calcium Carbonate 581M Dry Process 41% Wet Process 2 times Creating a better Creating a bettertomorrow tomorrow 18
Slide 19: Tri-Pack Films
With Acquisition of Mitsubishi shareholding in Feb 2022, TRI-PACK FILMS Packages shareholding has increased to 69% OUR PRODUCTS 49.93% Associate NET SALES (21 Vs 20) EBT (19 Vs 18) ▪ Transparent Lamination Rs 19B Vs Rs 15B Rs 1,415M Vs Rs 774M Grade ▪ Plain Film ▪ Metallizable Heat ▪ Composite 26% 8
Slide 20: Consolidated Results
Consolidated Results Creating a better tomorrow
Slide 21: Packages Limited Financial Results Q1-2022
Packages Limited Financial results Q1-2022 Creating a better Creating a bettertomorrow tomorrow
Slide 22: a better tomorrow Creating a better
Creating a better Creating a bettertomorrow tomorrow
Slide 23: a better tomorrow Creating a better
Creating a better Creating a bettertomorrow tomorrow
Slide 24: Corporate Announcements
Corporate Announcements Creating a better Creating a bettertomorrow tomorrow
Slide 25: Proposed Acquisition of 35% Stake in Sanofi Pakistan
Proposed Acquisition of 35% stake in Sanofi Pakistan Announcement Date: April 28, 2022 This is in continuation of our earlier letter SEC/169/2021 dated December 20, 2021 in which the Board of Directors of Packages Limited (Company) accorded its in-principle approval to become part of the Investor Co
Slide 26: Capital Injection into New 100% Subsidiary – Starch Pack (Pvt) Ltd
Capital Injection into New100% subsidiary –Starch Pack (Pvt) Ltd Announcement Date: April 28, 2022 Creating Creatingaa better Creating better a bettertomorrow tomorrow tomorrow
Slide 27: a better tomorrow Creating a better
Creating a better Creating a bettertomorrow tomorrow
Slide 28: Q&A
Q&A Creating a better tomorrow
Slide 29: Thank You!
THANK YOU! Creating a better tomorrow