CORPORATE BRIEFING
SESSION
For the year ended 30 June 2023
To be held on Thursday 28th December 2023
at 11:00 AM via video link
DISCLAIMER
THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT
- First Paramount Modaraba (FPRM) has prepared this presentation in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions or estimates, or other information contained in this presentation.
- The information contained in this presentation is an overview, and should not be considered as the giving of investment advice by the company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this presentation is made available must make its own independent assessment of the company after making such investigations and taking such advice as may be deemed necessary.
- Where this presentation contains summaries of documents, those summaries should not be relied upon and the actual documentation must be referred to for its full effect.
- This presentation may include some ''forward looking statements". Such forward looking statements are not guarantees of future performance and may involve risk of uncertainties. Actual results may differ materially from these forward looking statements. FPRM does not undertake any obligation to update any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation and it does not make any representation, warranty (whether express or implied) or prediction that the results anticipated by such forward-looking statements will be achieved. In addition, past performance should not be taken as an indication or guarantee of future results.
- No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any opinion contained herein, or any opinion rendered thereto. Neither FPRM nor any affiliates, officials, advisors, associates, employees or any person working for, under or on behalf, shall have any responsibility and/or liability of any nature whatsoever (in contract or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or
otherwise | arising | in | connection | with | this | presentation. |
Contents
- History of FPRM
- Products
- Major Projects
- Financial Highlights
- Challenges and Future Outlook
History of FPRM
FPRM was floated by Paramount Investments Limited (PIL);
- Paramount Investments Limited was incorporated in 1992 as Modaraba Management Company. Date of Initial commencement of business of FPM 1995
FPRM then and now:
- PKR 50 Million Equity Company has swelled to more than PKR 220 Million
- Crossed 300 million mark again in revenue in the current year - all time high in FPRM's history
- More than PKR 167 Million worth of general public deposits
Products
- Musharakah ہکراشم
- Modaraba ہبراضم
- Murabaha ہحبارم
- Diminishing Musharakah ہصقانتم ہکراشم
Major Projects and Revenue Streams
Major Projects and Revenue Streams
- FPM Petro Services (95% of revenue)
- FPM Solutions (5% of revenue)
- Financing (Murahaba, DM etc.) (115 million portfolio)
Major Projects (Cont.)
FPM PETRO SERVICES - REVENUE FIGURES (Rupees in million)
2023 | 2022 | 2021 | 2020 | 2019 |
282 | 273 | 67 | 142 | 172 |
Financial Highlights
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
EQUITY | 206 | 215 | 212 | 213 | 215 | 208 | 211 | 215 | 221 |
(Million) | |||||||||
PBT | 10 | 13 | 7 | 11 | 12 | 6.4 | 7.7 | 15.4 | 11.7 |
(Million) | |||||||||
EPS | 1.02 | 0.95 | 0.52 | 0.79 | 0.88 | 0.471 | 0.559 | 0.72 | 0.474 |
Total | 439.8 | 510 | 465 | 444 | 466 | 447 | 456 | 466 | 453 |
Assets | |||||||||
Challenges and Future Outlook
- Revision in Prudential Regulations
- Minimum equity requirements for COM issuing Modaraba's (PKR 500 million - in 3 years - Aug 2025)
- Minimum long term credit rating of "A-" (FPM's current is "BBB" - 2 steps down the ladder)
- Tough business environment - political and economic uncertainty, high inflation, slow recovery patterns
- Performance of business segments (PETRO Project, FPM AML Check, Murahaba)
Q & A Session
Thank You
The End…
Attachments
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Disclaimer
First Paramount Modaraba published this content on 27 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2023 05:07:37 UTC.