honda atlas cars (pakistan) limited financial year ended ... · honda atlas cars (pakistan) limited...
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Honda Atlas Cars (Pakistan)
Limited
Financial Year ended March 31,
2020
Corporate Briefing Session
Date: August 13, 2020
Macro-economic environment
Macro-economic environment
SBP Policy Rate10.75% 11.00%
10.511.4
12.714.6
10.2
6
8
10
12
14
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Inflation rate8.60% 10.20%
148.24
163.24
157 155.8 155.05
166.58
140
145
150
155
160
165
170
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
USD-PKR Parity141.5 166.58
1.3604
1.516
1.4342 1.4176
1.5383
1.20
1.30
1.40
1.50
1.60
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
JPY-PKR Parity1.27 1.54
10.75
12.2513.25
12.5
11
8
9
10
11
12
13
14
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Source: sbp.org.pk, fbr.gov.pk, Economic survey 2019-20
2.8(July-March FY
2020)
10.3(July-March FY
2019)
Current account deficit US$-B
1.1%(July-March FY
2020)
3.7%(July-March FY
2019)
Current account deficit- % of GDP
17.7% devaluation
21.3% devaluation
5% on 1,001 CC to 1799 CC
(From July-2019)
10% on 1700CC and above
Federal Excise Duty
7% on imports(From July-2019)
2% on imports
Additional Customs Duty
Automobile industry
103,934 113,076
132,906
146,716
152,771
160,491
177,712
195,239207,842
205,648 179,019
129,141
-
30,000
60,000
90,000
120,000
150,000
180,000
210,000
Feb
-14
Mar
-14
Ap
r-1
4M
ay-1
4Ju
n-1
4Ju
l-1
4A
ug-
14
Sep
-14
Oct
-14
No
v-1
4D
ec-
14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5M
ay-1
5Ju
n-1
5Ju
l-1
5A
ug-
15
Sep
-15
Oct
-15
No
v-1
5D
ec-
15
Jan
-16
Feb
-16
Mar
-16
Ap
r-1
6M
ay-1
6Ju
n-1
6Ju
l-1
6A
ug-
16
Sep
-16
Oct
-16
No
v-1
6D
ec-
16
Jan
-17
Feb
-17
Mar
-17
Ap
r-1
7M
ay-1
7Ju
n-1
7Ju
l-1
7A
ug-
17
Sep
-17
Oct
-17
No
v-1
7D
ec-
17
Jan
-18
Feb
-18
Mar
-18
Ap
r-1
8M
ay-1
8Ju
n-1
8Ju
l-1
8A
ug-
18
Sep
-18
Oct
-18
No
v-1
8D
ec-
18
Jan
-19
Feb
-19
Mar
-19
Ap
r-1
9M
ay-1
9Ju
n-1
9Ju
l-1
9A
ug-
19
Sep
-19
Oct
-19
No
v-1
9D
ec-
19
Jan
-20
Feb
-20
Mar
-20
Toyota
Honda
Suzuki
Organized Passenger Car Market 2019-20
22%20% 18% 17% 18% 21%
24%
29%35% 41%
40%
37%34% 30%
49%
45%
41%
43% 45%45%
46%
25%
26%
49%
25%
26%
49% 47%
29%
24%17%
28%
55%52%
29%
19%
Suzuki’s new Alto launched in June-19 captured a fair amount of market share
Cars Units Sold in last 12 months
Data Source: PAMA
Industry sales reduced
by 37% from FY 18-19 to
19-20
Toyota Altis 1.6Llaunched
Suzuki Alto VXR & VXLlaunched
KIA Sportage & Picanto
launched
Prince
Pearl
launched
Company’s Financial Review
PERFORMANCE FOR THE YEAR ENDED MAR 31, 2020
Operating Highlights 2020 2019 % Change
Vehicle Production Units 22,729 48,608 (53%)
Vehicle Sales Units 22,418 48,648 (54%)
Net Revenue Rs in Million 55,046 95,128 (42%)
Gross Profit Rs in Million 4,091 7,304 (44%)
Gross Profit % 7.43% 7.68% (3%)
Profit Before Tax Rs in Million 1,547 5,594 (72%)
Profit Before Tax % 2.81% 5.88% (52%)
Earnings Per Share Rs 4.77 26.97 (81%)
Dividend Payout Ratio % 20.90% 45.1% (54%)
At The End of Period
Total Assets Rs in Million 31,842 32,101 (1%)
Shareholders' Equity Rs in Million 16,557 17,627 (6%)
Share Performance
Price Per Share Rs 133 240 (45%)
Market Capitalization Rs in Million 18,922 34,266 (45%)
Earnings per share and dividend
HACPL has maintained a handsome dividend payout
1.70
7.50
22.10
24.90
43.00 45.50
26.97
4.77
17.60
39.90
22.60
28.10 30.30
59.20
45.10
21.00
2013 2014 2015 2016 2017 2018 2019 2020
Earnings per share (Rs)
Dividend payout ratio (%)
Significant events during the year
MOU Between HACPL And Banks
MOU Bank OfferingsHabib Bank Ltd • Free Registration on All Models
Bank Of Punjab • Free first year Insurance All Models
MCB
• 50 % registration and Maintenance packages 20K on all models
excluding Turbo.
• Extended warranty on Turbo
Bank Al Habib Ltd
• Free registration on city all variants.
• Free Leather on civic, maintenance package 20K, extended
warranty.
• 300 liter fuel on Turbo, Extended warranty
• 300 liter fuel on BRV, Extended warranty, and maintenance
ObjectiveMemorandum of Understanding Signing between HACPL & Various Banks To Boost Sales of Honda Cars with the Help of
Huge Client Base & Wide Area Coverage of Banks
Launch of New Model
Two new models of Civic were launched during FY19-20
Honda Civic Turbo Oriel in January-20
Honda Civic RS Turbo in April-19
Launch of New Model – Minor Model Change
Honda BR-V
BR-V’s facelift
unveiled in
October-19
Karachi9, 1, 2
Hyderabad1
Peshawar1
Sargodha1
Faisalabad3 2
Rawalpindi1 2 1
Mirpur1
Sialkot1
Gujranwala1
Lahore4 5 2
Multan2 1 1
Okara1
Sukkur1
Bahawalpur1 Rahimyar
Khan 1
Gujrat1
Islamabad2 2
Sahiwal1
Dealership Network (August 13, 2020)
Dera Ghazi
Khan 1
Mirpur Khas1
Further Dealerships are being added to strengthen country wide presence
New Dealership in Karachi, Abbottabad and
Multan3S Dealers: 33
2S Dealers: 18
1S Dealers: 6
Total : 57 Dealers in 23
Cities
Jhelum1
Mardan1
Abbottabad1
Q & A
THANK YOU