NIMIR INDUSTRIAL CHEMICALS LIMITED

Corporate Briefing Session

Date: 15th September, 2020
 COMPANY INFORMATION
• Listed on Pakistan Stock Exchange in 1996 (Incorporated in 1994)
• Company Symbol: NICL
• Membership of Industry Associations and Trade Bodies:
– Pakistan Business Council
– Lahore Chamber of Commerce and Industry
– Pakistan Chemicals Manufacturers Association
– Pakistan Soap Manufacturers Association

• Auditors of the company: EY Ford Rhodes (Chartered Accountants)

• Legal Advisor : Cornelius, Lane & Mufti.
• Management buy out from Knightsbridge (an American group) in year 2011.
• Acquired Descon Chemicals Limited in Jan-16 through SPV Subsidiaries. Later this
company was renamed as NIMIR Resins Limited
• Financial Year: July to June
• Paid up Capital : Rs. 110.5 Million shares of Rs. 10 each
• Market Capitalization as on 11 Sep 2020: Rs. 9 Billion
• Rating: A+ for long term and A1 for short term by PACRA.
 LOCATION

NICL Plant
14.8 KM
Sheikhupura-Faisalabad Road
(Driving time 60 mins from Lahore city)
 CORE BUSINESS AT A GLANCE
Soap noodles
Distilled Fatty Acid /
Stearic Acid
Oleo Chemicals Glycerine

Soap Noodles Toilet soap

(Palm Bright)

Stearic Acid Tyre and Rubber Plastic, Textile Softener,

(Double & Triple Press) Metal Polishing, Plastic, Cosmetics and Soap.

Pharmaceutical, Alkyd Resin, Tobacco,

Glycerine Cosmetics.

Caustic Soda Textile Sector

Sodium Hypochlorite Cleaning & Bleaching
Hydrochloric Acid Steel

Finished toilet soap bars

Soap Bars

Body sprays, Shaving foams, hair sprays, air

Aerosols fresheners, insecticides, starch spray etc.
 COMPLIANCE AND CERTIFICATIONS

NICL is a Good Manufacturing Practices (GMP) compliant company.

ISO 9001: 2015

OUR CLIENTS
 Major Events since 2011

2020 & Onward

Capacity
2019 Oleo 110K MT/SFL 75K MT
Capacity Commissioned Aerosols
Oleo 90K MT, Plant 30Mln Cans
Soap Finishing Projects in Pipeline
Plant 45K MT 1-New Caustic Soda Plant
142K MT
2- Power House-20 MW
3-Personal/Home Care
2017
Oleo
Capacity
52K MT

2015
Capacity
Oleo 2018
36K MT Capacity
Oleo 68K MT/
Commissioned
Soap finishing
2016 plant
Acquisition 15K MT
2011 of Nimir
Management Resins Ltd
buyout
Capacity
Oleo 24K MT
Chlor 31K MT
 OUR PERFORMANCE – HORIZON 6 YEARS (Standalone)

Continuous efforts to attain a Sustainable, Profitable growth.

Production Capacities (M.Ton) & Results

2014 Current Increase % Change
Oleo Chemicals 25,000 110,000 85,000 340%
Chlor Alkali 37,000 50,000 13,000 35%
Soap Finishing - 75,000 75,000 New Business
Aerosols - 15 Mln Cans - New Business
Total 55,350 210,000 154,650 279%

Gross Turnover (PKR Mln) 3,918 20,220 16,303 416%

Net Profit (PKR Mln) 194.6 926.4 731.8 376%

Capital Expenditure
PKR in Millions
1,200
Cumulative CAPEX of PKR 3.58 Billion Over the period. 983
1,000
838
800
621 634
600

400 285
220
200

-
2015 2016 2017 2018 2019 2020
 Key Operating & Financial Data for Last Six Years (Standalone)

PKR in Million
2015 2016 2017 2018 2019 2020

Net Sales 3,663 5,011 7,369 12,091 14,850 17,173

Gross Profit 561 972 1,065 1,549 2,030 2,546
Operating Profit 412 765 835 1,295 1,733 2,177
Profit before taxation 294 603 701 887 1,159 1,349
Profit after taxation 222 441 471 696 810 926
EBITDA 520 832 1,003 1,340 1,804 2,319

Paid-up Capital 1,106 1,106 1,106 1,106 1,106 1,106

Net Worth 1,681 1,788 2,144 2,615 3,035 3,623
Long Term Loans and Leases 166 348 354 480 592 1,004
Current Liabilities 1,199 1,784 2,763 4,274 4,566 5,845
Current Assets 1,494 1,966 2,926 4,726 5,076 6,769
Total Assets 3,153 4,029 5,474 7,588 8,514 10,849

Breakup value per share - Rupees 15.2 16.2 19.4 23.6 27.4 32.8
Earnings per share - Rupees 2.0 4.0 4.3 6.3 7.3 8.4
Current Ratio 1.25 : 1 1.1 : 1 1.06 : 1 1.11 : 1 1.11 : 1 1.16 : 1
Long Terms Debt to Equity Ratio 9 : 91 16 : 84 14 : 86 16 : 84 16 : 84 22 : 78
Interest Coverage Ratio 3.77 7.67 6.17 5.34 4.22 3.24
 FINANCIAL PERFORMANCE

Gross Turnover - Standalone

24,000
PKR in million
20,220
20,000
17,432
16,000 14,222

12,000
8,624
8,000 5,864
4,285
4,000

-
2015 2016 2017 2018 2019 2020

30,000 Gross Turnover - Consolidated

PKR in million 25,373
25,000 22,723

20,000 18,186

15,000
11,571
10,000
7,007
4,285
5,000

-
2015 2016 2017 2018 2019 2020
 FINANCIAL PERFORMANCE

2,500 Profitability - Standalone 2,319

PKR in million EBITDA

2,000 1,804

1,500 1,340 1,349 Profit Before Taxation

1,159
1,003
1,000 832 887
Profit After Taxation
701 926
520 603 810
696
500
294 441 471
222
-
2015 2016 2017 2018 2019 2020

3,000 Profitability - Consolidated 2,743

PKR in million EBITDA
2,500 2,181
2,000
1,535 1,544 Profit Before Taxation
1,500 1,187 1,325
999 972 1,061 Profit After Taxation
1,000 774
733 966
520
796
500 294
554 508
222
-
2015 2016 2017 2018 2019 2020
 INVESTOR INFORMATION

EPS Vs Dividend (Rs.)

10.0 Dividend Per Share Earning Per Share
8.4
8.0 7.3
6.3
6.0
4.0 4.3
4.0 3.0 3.0
3.0
2.0 2.0 2.0
2.0
1.0

-
2015 2016 2017 2018 2019 2020

Breakup Value 32.8

35.0
PKR per share
30.0 27.4
25.0 23.6
19.4
20.0 16.2
15.2
15.0
10.0
5.0
-
2015 2016 2017 2018 2019 2020
Note: Share Par value was changed from Rs. 5 To Rs 10 on 16th Jan 2014.
 INVESTOR INFORMATION

Equity & Long term loan

PKR in million
4,000 3,623
Long term loans and Leases Equity
3,035
3,000 2,615
2,144
2,000 1,681 1,788

1,004
1,000 592
348 354 480
166
-
2015 2016 2017 2018 2019 2020

Values PKR “000” Ratio

Current Ratio
8,000 1.30
Current Liabilities Current Assets Current Ratio
6,769
7,000 1.25 1.25
5,845
6,000
5,076 1.20
5,000 4,726 4,566 1.16
4,274 1.15
4,000
1.10 1.11
3,000 2,763 2,926 1.11 1.10

1,784 1,966 1.06 1.05

2,000 1,494
1,199
1,000 1.00

- 0.95
2015 2016 2017 2018 2019 2020
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