Nishat Mills Limited

CORPORATE BRIEFING SESSION

22 NOVEMBER 2021
Contents
Group Profile
Company Profile
Financial Review
Future Outlook
Nishat Group
Nishat Group
• One of the largest and leading business house
Textile in Pakistan
Cement Agriculture
& Dairy • Presence in Textile, Agriculture and Dairy, Real
Estate, Hospitality and Hotels, Energy,
Banking, Insurance, Paper Products, Aviation,
Real automobile and Cement
Automobile
Estate
• Seven Companies are listed on Pakistan Stock
Exchange
NISHAT
GROUP • Assets over Rupees 2,489 billion (USD 14
Aviation Hospitality
& Hotels Billion)
• Provides direct employment to more than
46,000 persons
Paper
Products
Energy • Has played an important role in the industrial
development of Pakistan
Insurance Banking
Company Profile
Introduction
• Commenced its business as a partnership firm in 1951
• Incorporated as a private limited company in 1959
• Listed on Karachi Stock Exchange on 27 November, 1961
• Largest vertically integrated mill in Pakistan
• Production facilities of spinning, weaving, processing, stitching, towel and
power generation
• 34 manufacturing units located at Faisalabad, Sheikhupura, Ferozewatwan
and Lahore
• Established its own power generation facilities at all plant locations
• Provides employment to around 20,600 individuals
Market and products
Sales breakup – market wise Sales breakup – product wise

Garments Yarn and

12% Comber Noil
19%
Local
34%
Made Ups
& Terry
22%

Export Grey Cloth

66% 27%
Processed
Cloth
20%

54% value added products

Business Segments
Spinning Weaving Dyeing Home Textile Terry Garments Power

• Production • Production • Dyeing • Processing • Production • Production • Generation

capacity of capacity of capacity of capacity of capacity of capacity of and
91 million 309 56 million 60 million 3,000 tons 12 million distribution
of power
kgs of yarn million meters of meters of towel per garments using gas,
per square fabric per fabric per annum. per furnace oil,
annum. meters of annum. annum. annum. diesel, steam,
Capacity fabric per Capacity Capacity Capacity solar and
utilization annum. utilization utilization utilization coal.
88%. Capacity 59%. 83%. 71%. • Built-in
utilization power
96%. generation
capacity of
136 MW.
Capacity
utilization
39%.
Business Segments
Home
Spinning Weaving Dyeing Terry Garments Power
Textile
2 Thermosol
dyeing
247,968 machines 39 looms
spindles 4 Rotary
3 printing 2,262
920 Thermosol machines 7 dyeing 8 power
looms dyeing 11 Digital machines stitching plants
machines printing machines
4,950 machines
137
1,777
roters stitching
stitching
machines machines
Financial Review
Variance analysis of profitability
Balance Sheet
Equity and liabilities (Rupees in million) Assets (Rupees in million)
2020 2021 2020 2021

100,000 100,000
90,000 85,748 90,000 85,652

80,000 80,000
71,428 70,137
70,000 70,000
60,000 60,000
50,000 50,000 45,460
40,524
40,000 32,730 40,000
29,708
30,000 30,000
20,000 12,634 20,000
9,525
10,000 10,000
- -
Shareholders' Non-current Current Non-current Current
equity liabilities liabilities assets assets
Investment Portfolio
Holding No. of shares held on Market / fair value Cost as on 30 June
Sr. Company Relationship
Percentage 30 June 2021 on 30 June 2021 2021
….. Rupees in thousand …..
1 Nishat Power Limited Subsidiary 51.01 180,632,955 1,806,329 1,806,329
2 Nishat Linen Trading LLC Subsidiary 100 10,000 259,403 259,403
3 Nishat Linen (Private) Limited Subsidiary 100 1,067,913 261,603 261,603
4 Nishat USA Incorporation Subsidiary 100 200 3,547 3,547
5 Nishat Hospitality (Private) Limited Subsidiary 100 169,999,901 1,699,999 1,699,999
6 Nishat International FZE Subsidiary 100 18 501,112 501,112
7 Nishat Commodities (Private) limited Subsidiary 100 1,000 10 10
8 Hyundai Nishat Motor (Private) Limited Associated 12 113,847,600 4,374,025 1,138,476
9 DG Khan Cement Company Limited Associated 31.4 137,574,201 16,222,750 3,418,145
10 Nishat Paper Products Company Limited Associated 25 11,634,199 491,661 106,802
11 Lalpir Power Limited Associated 28.8 109,393,555 1,953,769 1,640,306
12 Pakgen Power Limited Associated 27.55 102,524,728 2,528,260 1,272,194
13 Nishat Dairy (Private) Limited Associated 12.24 60,000,000 437,400 496,200
14 Nishat Hotels and Properties Limited Associated 6.08 74,022,917 1,460,472 740,229
15 Nishat Sutas Dairy Limited Associated 34.46 16,630,000 166,300 166,300
16 Adamjee Insurance Company Limited Related Co. 0.03 102,809 4,263 2,116
17 MCB Bank Limited Related Co. 7.43 88,015,291 14,067,484 10,208,262
18 Nishat (Chunian) Limited Related Co. 13.61 32,689,338 1,643,947 378,955
19 Security General Insurance Company Limited Related Co. 15.02 10,226,244 673,603 11,188
20 Pakistan Petroleum Limited Investee 0.02 599,998 52,098 64,409
21 Alhamra Islamic Stock Fund Investee - 1,121,410 12,661 3,135
Total investments 48,620,695 24,178,720
Financial Highlights
Revenue (Rupees in million) Gross profit (Rupees in million)
100,000 14,000 14%
13.04%
90,000
12,000 12.06% 11.95% 12%
80,000 10.92%
71,431 10.33%
10,000 9,317 10%
70,000 63,499
60,904
60,000 53,729 8,000 7,657 8%
7,276
49,248
50,000
6,000 5,380 5,550 6%
40,000

30,000 4,000 4%

20,000
2,000 2%
10,000

- - 0%
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Financial Highlights
Profit after tax (Rupees in million) EBITDA (Rupees in million)
8,000 10% 14,000
9.23% 9%
7,000 8.65% 12,000 11,211
8.29% 11,138
5,922 8%
6,000 7.63% 5,859
7% 10,000
8,396 8,720
5,000 8,233
4,262 6% 8,000
4,097 5.76%
4,000 3,506 5%
6,000
4%
3,000
3% 4,000
2,000
2%
1,000 2,000
1%

0 0% -
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Financial Highlights
Earning per share Dividend per share Market price Break-up value
18 300
16.66 16.84
16 252.45
243.88
250
14 215.34
12.12 203.15
11.65 200 189.46
12
9.97 158.68
10
150 140.92
8

100 93.34 93.30

6 5.00 78.01
4.75
4.00 4.00 4.00
4
50
2

- -
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Financial Highlights
Current ratio Quick ratio Dividend payout Dividend yield
1.60 45
41.24 40.77 40.12
1.37 1.36 1.39 40
1.40
1.28 1.26
35
1.20
30
1.00
25 24.01 23.75
0.80 0.76
0.71
0.62 20
0.59
0.60 0.55
15
0.40 10
4.29 5.13 4.29
0.20 5 3.15 3.37

- -
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Financial Highlights
Price earning ratio Debt / equity ratio
14 13.09 16
12.10 13.50
12 14 12.91

12
10
10
7.82
8
7.90
8
6.86
6 5.60 5.54 5.91
6
4
4

2 2

- -
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Future Outlook
Future Outlook
Covid-19 Pandemic

Bulk buying of cotton and fabric

Fuel and electricity cost

Investment in Hyundai Nishat Motor (Private) Limited

Investment in Nishat Sutas Dairy Limited

Questions & Answers

Thank you