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A COMPANY ON GROWTH
PATH
PSO
Public Sector
Enterprise
Listed company
Shell
Private Sector
Listed company
Listed company
Chevron
Private Sector
Non-listed
TOTAL
Private Sector
Non-listed
Hascol
Private Sector
Non-listed
BYCO Marketing
Private Sector
OOTCL
Private Sector
Non-listed
Bakri
Private Sector
Non-listed
Zoom
Private Sector
Non-listed
Askar
Private Sector
Non-listed
Admore
Private Sector
Non-listed
The projections
show that there
is an ever
increasing
demand for
petroleum
products
With reduced
availability of
alternates like
CNG demand of
petroleum will
grow at a much
rapid rate
65%
65% Demand
Demand in
in North
North
ARL
Tarujabba
Refined + Crude
Chaklala
Machike
PARCO &
Dhodak
Shershah
Shikarpur
Port
Qasim
90%
90% Supply
Supply from
from South
South
NRL, PRL &
BYCO
Keamari
Mehmoodko
t
Vehari
Refined product
Year 2005
Number of commissioned
retail outlets
200
Products marketed by
Hascol
2%
Number of storage
terminals
Of Muti-National
Companies (MNCs)
Chevron is selling out
their fuel business in
Pakistan
A significant proportion of HPL employees have experience of working in multinational oil companies like Shell, Chevron.
A significant proportion of
HPL employees has
experience of working in
multinational oil companies
like Shell, Chevron.
FUCHS
Description
2016
Sales - gross
51,287,525 60,956,912 67,213,712 74,317,023
Sales - net of sales tax
44,664,186 53,084,855 58,533,643 64,719,623
Cost of sales
(43,523,262) (51,753,410) (57,075,378) (63,119,829)
Gross profit
1,140,924
1,331,445
1,458,265
1,599,795
Selling and distribution expenses
(486,075)
(519,756)
(552,521)
(585,490)
Administrative expenses
(163,762)
(179,823)
(198,646)
(220,544)
Operating profit
491,087
631,866
707,098
793,760
Finance cost
(60,778)
(44,883)
(43,430)
(44,744)
Other income
115,796
126,164
137,936
151,379
Profit before taxation
546,105
713,147
801,604
900,396
Taxation
126,880
150,801
166,280
183,853
Profit after taxation
419,225
562,346
635,324
716,543
EPS
4.63
6.21
7.01
7.91
2017
81,854,823
71,283,982
(69,499,217)
1,784,765
(620,305)
(245,892)
918,569
(47,839)
166,739
1,037,469
202,500
834,969
9.22
We have the Right Credit Rating: Aand A-2 for Long-term and Short-term
- by JCR-VIS
Roadmap to IPO
Around 18.75mn shares are being issued via Book Building and 6.25mn
shares will be issued to General Public at the strike price determined during
book building
PKR 300mn will be utilized for Capex on Machike Storage Facility and new
retail outlets along with PKR 125mn for Working Capital
Given the strategic positioning of the Company in OMC sector along with its
future growth plans, we believe that achieving listing at this point will not
only assist the company in achieving its growth plans and improving its
brand image but also provide an opportunity to share the future gains with
its investors
HPL has appointed AKD Securities Limited and Avais Hyder Liaquat Nauman
Chartered Accountants as Joint Lead Managers & Arrangers for the proposed
IPO.
Roadmap to IPO
The floor price of PkR17 per share represent a FY12 P/E multiple of 5.11 (x) & a
FY12 P/B multiple of 1.05 (x) which when compared with the average P/E and
P/B multiple of the sample selected above, calculates to an upside potential of
26.31% and 77.77% respectively.
Thank
you