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2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Forward Looking Statement This presentation may contain statements that constitute forward-looking statements about the Company, within the general
meaning of the term and within the meaning of applicable securities laws, including financial projections and estimates and their
underlying assumptions, statements regarding plans, objectives and expectations. These statements may appear in a number of
places in this document and may include statements regarding our intent, belief or current expectations regarding our customer
base, estimates regarding future growth in our different business lines, market share, financial results and other aspects of our
activity and situation relating to the Company. The forward looking statements in this document can be identified, in some instances,
by the use of words such as “expects”, “anticipates”, “intends”, “believes”, and similar language or the negative thereof or by the
forward-looking nature of discussions of strategy, plans or intentions.
Such forward-looking statements, by their nature, are not guarantees of future performance and involve risks and uncertainties, and
actual results may differ materially from those in the forward-looking statements as a result of various factors.
Neither this presentation and deliberation nor any of the information contained herein constitutes an offer of purchase, sale or
exchange, nor a request for an offer of purchase, sale or exchange of securities, or any advice or recommendation with respect to
such securities.
Finally, be advised that this document may contain summarized information or information that has not been audited. In this sense,
this information is subject to, and must be read in conjunction with, all other publicly available information.
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
From the left (Sitting)
Mr. Md. Aminur Rahman (Director); Mr. Abdul-Muyeed Chowdhury (Director); Mr. Nazimuddin Chowdhury (Chairman);
Mr. Azam J Chowdhury (Managing Director); Dr. Mohammad Tamim (Independent Director)
Board of Directors MJL Bangladesh Ltd.
From the left (Standing)
Mr. Quazi Mohammad Shariful Ala (Independent Director); Mr. Tanjil Chowdhury (Director); Mr. Md. Quamrul Hasan (Director)
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Alliance Partner
MJLBL, an alliance partner of ExxonMobil, is manufacturer, blender, packager, importer, marketer, seller, distributor of ExxonMobil products and:
• Provides services owned by ExxonMobil or its affiliates
• Bearing brands owned by ExxonMobil or its affiliates
• Receives information and technical assistance from ExxonMobil
• Receives marketing and engineering support services from ExxonMobil
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Compliance, Awards and Honors
• 3PMIS, QMIS, QP&G, ISO 9001:2015 compliant
• API: CF/SF certified 3 Omera products
• World-class lube oil blending plant – 3.8 out of 4.0, higher than ExxonMobil benchmark standard ie 3.2
• Excellence in Business Performance Award from ExxonMobil - twice
• ICSB Corporate Governance Excellence (Gold Award) in the Engineering, Fuel & Power Companies Category
• NBR Top Taxpayers’ Award 2016-17 – 4th Highest Taxpayer in ‘Other’ Category
• CRISL rated the Company as ‘AA+’ in the long-term and ‘ST-1’ in the short-term
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Drivers for Growth
Global outlook
• Global demand for energy will rise by 25% from 2014 t0 2040
• Heavy-duty vehicles is expected to increase by 45% from 2014 t0 2040
• Aviation, marine and rail transport will rise to 65% of current level by 2040
8 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Drivers for Growth
Surge in automobile industry
• 15,000 private cars are imported every year
• Sale of private cars has increased sharply - 56 cars registered every day in Bangladesh in 2016
• Uttara Motors, PHP, IFAD and Rangs Group beside Pragati have established their own assembling plants
• Car market size stands between BDT 40 to 50 billion with an annual growth of 15-20%
Growing middle class
• Two million people join the rank of middle class every year in Bangladesh
• 33% of total population will reach the middle class by 2030
9 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Drivers for Growth
Development of power sector
• Bangladesh Govt. has planned to produce 24,000 MW electricity by 2021
• Currently MJLBL provides around 72% of total lube oil consumption in power sector
Rapid industrialization
• Government has approved 37 new economic zones
• Rising FDI in the country
• Deep sea port
• Construction of Padma Bridge and other mega infrastructures
10 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Lubricant Products and Solutions to…
300 formulations
220 SKUs
4,000+ industries
1,500+ mechanic shops
4,777 FCD, RCD and LCC
85 channel partners
23,660 customer orders in 2016-17
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Our Distinctiveness • Possessing a robust brand recall – Mobil means
lubricant as generic name
• Mobil 1 is the proven overall best brand in the world
• Third party inter-lab cross checking by US based ASTM
• Remote maintenance of ILB from USA
• Stringent and rigorous quality control
• World-class fuel testing lab providing services (main customers are Padma, Meghna, Jamuna, Summit, etc.)
• Two country’s largest ocean-going AFRAMAX Tanker vessel
• One point shop: Cater the 3600 requirement
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Our Distinctiveness • Consolidated solutions provider to improve productivity
• Dynamic and far-reaching distribution network
• Base oil tank is directly connected with Dolphin jetty of Chittagong Port
• Comprehensive supply chain ensures product availability
• Largest market share
• Export of lube oil beyond the horizon (Nepal)
• Geographical presence at the strategic locations
• Strong technical team with deep knowledge supported by qualified personnel
• Lowest attrition rate in the industry
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
• Zero emission plant adhering to environmental requirement
• Monitoring greenhouse gases on a consistent basis
• Energy efficient LED units
• Reduce water consumption
• Not a single drop of oil is visible in plant
• Energy efficient 15-storey Mobil House in Gulshan
Reducing carbon footprint
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
New Initiatives to Gain Market Lead and Enhance Customer Satisfaction • US$ 500,000 invested for packaging
excellence project to prevent adulteration and product quality integrity
• USD 430,000 invested in new lab equipment
• Delvac Super 1400 and Omera Ultra V – new product introduction as per market need
• Export of marine lubricants to ocean going vessels
• 1,000 litre intermediate bulk container (IBC)
• 20,000 litre flexibags for bulk customers
• 9 m3 tank lorry
• Mobil Mobile app
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
• LEED certified energy efficient
• Civil work completed
• Interior works in progress – expected to be completed by June 2019
• MJLBL, its subsidiary and sister companies will shift to this building
• The office will strengthen revenue from rental earnings
15-storey Mobil House in Gulshan
16
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
• Completed
• MJLBL, its subsidiary and sister companies is being shifted to this building
• The office will strengthen revenue from rental earnings
10 storied Mobil House, Chittagong
17
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
54,000 sft multipurpose building
• Sales office
• Warehouse
• Disaster recovery site
• Document archive
• Remaining spaces will be rented out
6-storied multipurpose building, Jessore
18
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
• Auto fire detection and fire fighting system
• Ultrasonic rat & rodent repellent systems
• Environmental monitoring system with energy monitoring
• Automatic voltage regulator
• Automatic intelligent transfer switch
• Transient voltage surge suppression (TVSS) system
• Access control system
• Network video recorder with IP camera
Disaster recovery site, Jessore
19
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
• 24/7/365 monitoring
• Temperature, dust and humidity controls
• Bugs or insects control
• Very early fire detection system
• Gaseous fire suppression
• Safe and green electrical power system
• Easy and protective shelving
• Secure access control
Document archive, Jessore
20
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Product Lines
• Passenger vehicle lubricants (PVL)
• Commercial vehicle lubricants (EVL)
• Industrial lubricants (IL)
• Marine products (MAR)
• Aviation products (AVL)
• Grease products
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
High performance Mobil Lube
• Engine oil • Gear oil • Transmission fluid • Turbine and circulation oils • Hydraulic oils • Air compressor oils • Refrigeration oils • Gas engine oils • Rail road oils • Textile and garments machinery oils • Paper machine oil • Transformer oil • Rust preventives • Synthetic high temperature chain
lubricants
Mobil products and services help enhancing engine performance and productivity
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera Lube: quality products at competitive prices
• Targeted price sensitive customers
• Mainly focused on automotive sector
• BMW and API: CF/SF certified products
Main products:
• Omera Lube 1 5W 40---- API SL, BMW Longlife-01
• Omera Motorcycle Oil 10W 30--- API SL, JASO MA2
• Omera Motorcycle Oil 20W40---API SL, JASO MA2
• Omera Ultar V 20W 50--- API CF/SF
Introduced “Omera” brand as per the market demand, where ExxonMobil does not have any Mobil offer in their product line.
24
25 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Enhanced Technical Services Keep Us Ahead
• Cylinder Condition Monitoring (CCM) - Videoscope
• Thermal Imaging Inspections
• Vibration Analysis
• Training
• Oil Analysis
• Portable test kits
• Equipment lube survey
• Breakdown investigation and problem solving
• Benefit report
Only MJLBL is providing these services using expensive equipment in lube industry
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
• Fully computerized In-Line Blending System
ensures 100% product specification and quality
compliance
• Most technologically advanced in-line blending
facilities in South East Asia
• Production capacity – 150 kbbl/ year
• Automated filling equipment
• 300 lube oil formulations
• 24 years without lost time, incident or injuries
• Zero emission plant aligned with ExxonMobil
quality program
State-0f-the-art Lube Plant
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
World-Class Lab Ensures Quality
• USD 430,000 invested in new lab equipment in 2017
• Contemporary lube oil testing laboratory to solve customer challenges
• Effectively designed laboratory to conduct fuel test and QA/QC tests of our products
• Implemented 5 quality control tools to ensure product quality
• Periodic audits and calibration ensuring consistency
• Providing oil testing services to clients: Padma, Jamuna, Meghna, and Summit are our main customers
28 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Direct link with Dolphin Jetty 7
LOBP uses DOJ-7 to receive base oil directly from ship through 10” pipeline
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Country’s Largest Grease Plant
• Technology from undisputed global leader Patterson, Canada
• Manufacture lithium based high quality greases
• Capacity of grease kettle - 4 MT
• 2 agitators, colloid mill, circulating pump
• Production capacity – 850 MT per annum
• Automated production control system
• Koehler, USA made testing equipment
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Viscosity Improver Plant
• ExxonMobil approved additive manufacturer
reduced cost of manufacturing
• First of its kind in Bangladesh
• Helps lubricants maintain their viscosity at changing
temperature
• Ensure excellent shear stability for engine oil
• Technology from Silverson, UK
• Capacity of kettle - 4 MT per batch
• Production capacity – 800 MT per annum
• Scalable to next level
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Transformer Oil Processing
• Key manufacturer of transformer oil in Bangladesh
• Process highly refined naphthenic base transformer oil through automated centrifuging machine
• PLC controlled filling machine equipped with nitrogen blanketing system
• Capacity of tank – 30 m3
• Production capacity – 2,000 MT per annum
34 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Oil Tanker • Country’s largest ocean-going aframax
tanker vessel
• Omera Queen – 106,547 DWT
• Omera Legacy – 107,091 DWT
• Facilitates global B2B petrochemicals trading
• Omera Legacy made cargo handling capacity double
• Customers: BPC, Vitol, PNSC, Byco, BPCL, BORL
• Port operating: Jabel Dhanna, UAE, Chittagong, Bangladesh, Rastanura, Saudi Arabia, Sikka, India, Mina Al Ahmadi, Kuwait, Zirku Island, UAE, CRL Offshore Petroleum Jetty, Gaddani, Pakistan
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Geographic Presence & Distributions
36 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Strategic Geographical Presence
Warehouse
Office
Plant (LOBP)
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Far-Reaching Distribution Network
• Jamuna Oil Company Limited – the prime distributor • Countrywide extensive network of 16 depots
• Around 560 filling station, 1067 agents and 248 packed point dealers
• Purchases automotive, industrial and aviation lubricants
• 85 Channel partners
• 1,500 plus motor mechanic shops
• 4,000 plus industrial customers
• Large warehouse capacity and service centers established at strategic locations
• Extensive pan-Bangladesh network
• Shortest customer lead times
38 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
21 Acre Land at Strategic Locations
Asset Name Decimal
Corporate Office, Gulshan 25.00
Share Office, Baridhara 13.00
Chittagong Plant 617.50
Jessore Warehouse 29.74
Kathgar Warehouse 467.00
Tejgaon Warehouse 50.00
Halishahar 11.12
Gazipur 776.00
Mirersharai 143.78
2,133.14
• Planned purchase for future expansion
• Tk. 3,070 million book value
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Marketing & Sales Promotional Activities
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
ATL Activities • TV Commercials during
campaigns • Newspaper & Magazine Ads
• Billboards
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Press ad and Magazine Ad : 14, TVC airing in important channels, Total Communication Output 189 in number
Digital Media Activities
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Mobil Bangladesh Application (Upcoming)
App Home page Calculators Authorized Store Mobil Products Service Appointments
43 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Promotional activities
BTL & Trade Activities
44 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Promotional activities
Promotional Activities
• Participation in Trade Shows
• Dhaka Motor Show
• LCC/IIW Mechanics Awareness Program
• Motorcycle LCC Awareness & Can Redemption Program
• End-User Promotional Offer
• BTL Activation
• Road Show Programs
• Customer Clinic Programs
• Service Campaign Programs
• MCO LCC
• Retailers Sales Promotion Program
• LCC Mechanics Awareness Program
• Wholesalers Meet Program
• Lube Oil Conference
• Synthetic Seminars
45 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera Lubricant Marketing Activities & Trade Promotions
46 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera Lubricant BTL Activities
47 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera WRC Team has become the first
Bangladesh Rally Team to achieve a
monumental victory in (DDFT) World Rally
Championship 2015. Marius Aasen along with
his co-driver Veronica Engan landed the biggest
prize in rallying for Bangladesh side as he won
the Drive DMACK Fiesta Trophy in style. Omera,
a world class lubricant brand produced in
Bangladesh, sponsored the team.
WRC Team has become the first Bangladesh
Rally Team to achieve a monumental victory in
(DDFT) World Rally Championship 2015. Marius
Aasen along with his co-driver Veronica Engan
landed the biggest prize in rallying for
Bangladesh side as he won the Drive DMACK
Fiesta Trophy in style.
MJL Bangladesh Ltd. is the proud sponsor of the
promising young World Rally Championship
driver Marius Aasen of Team Omera's rally car.
Team Omera's Ford Fiesta uses OMERA LUBE
1, advanced performance engine oil formulated
under leading edge Synthetic Technology.
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
CSR Activities • Umbrella donation to Traffic Police
• Standing Beside the Flood Affected People
• Winter Cloth Distribution to the Poor
• Computer donation to development organizations
• Test equipment donation to Center for Woman & Child Health Care Hospital
50 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Downstream synergy - subsidiaries
MJL & AKT Petroleum Co.
MJLBL (51%)
Aung Kyun Thar (49%)
Omera Cylinders Ltd.
EC Securities Ltd (52.06%)
JOCL (19.45%)
Others (28.49%)
MJLBL (62.5%)
BB Energy (25%)
FMO (12.5%)
MJLBL (98.76%)
Omera Petroleum Ltd.
MJL Bangladesh Ltd.
Others (1.24%)
50
51 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Downstream synergy - sister concerns
MJL (Singapore)
PTE. LTD.
MJLBL (25%)
EC Holdings Limited
(75%)
Omera Logistics Ltd.
MJLBL (15%)
Omera Fuels Ltd. (20%)
Parkesine Products Ltd
(30%)
Bangladesh Trade Syndicate
Ltd (35%)
Omera Fuels Ltd.
EC Securities Ltd (75%)
JOCL (25%)
Omera Tank Terminal Ltd.
Omera Fuels Ltd (99.99%)
Omera Steel Ltd. (0.01%)
51
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
MJL & AKT Petroleum, Myanmar
• First Bangladeshi JV investment in Myanmar
• MJLBL own license from ExxonMobil to form the JV beating Thailand, Malaysia and Singapore
• Authorized importer, dealer, and distributor of ExxonMobil products in Myanmar
• Already gained almost 3% market share in Myanmar
52
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
MJL (S) Pte.
• An associate company of MJL Bangladesh Limited established in Singapore
• MJLBL (25%) and EC holding (75%) are holding shares of the company
• Wholesale and trading of petroleum and related products
• Wholesale of solid, liquid and gaseous fuels and related products
53
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera Logistics Limited
• In addition to other customers, OLL is providing logistics services to MJL Bangladesh Limited and East Coast Group as a whole
• Shareholding by MJLBL, OFL, OPL and BTSL
• OLL operates with more than 100 vehicles including 20 own covered van
• 30,000 sft parking facilities at Tongi
54
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera Fuels Limited • Sister concern of MJLBL
• Capacity 70,000 MT for furnish oil
• Automated inventory management system
• Automated custody transfer
• ECSL & JOCL has 75% & 25% stakes respectively
• OFL has recently acquired OTTL
• OFL & OTTL has 14 & 6 tanks respectively
• Major customers include Summit Oil & Shipping Company Ltd., Acorn Infrastructure Services Ltd., Bay Fishing Corporation Ltd
55
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Omera Tank Terminal Limited
• 99.99% shareholding by Omera Fuels Limited
• Largest private tank terminal in Bangladesh
• Capacity 32,500 MT for edible oil
56
58 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Gross profit
BDT 4.56bn
33% EBIDTA
BDT 3.99bn
29% Net profit after tax
BDT 2.13bn
15%
FY 2016-17
Annual performance - consolidated
59 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
8,740 9,605
11,075
15,052
10.5% 9.9%
15.3%
35.9%
0%
5%
10%
15%
20%
25%
30%
35%
40%
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Revenue
Gross Revenue (BDT million) Growth (YoY)
1,915 2,044
3,340
4,558 24.7% 23.9%
33.2% 32.6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Gross Profit
Gross profit (BDT million) Gross Margin
Annual performance - consolidated
60 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
1,478 1,461
2,806
3,987
19.1% 17.1%
27.9% 28.5%
0%
5%
10%
15%
20%
25%
30%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
FY 13-14 FY 14-15 FY 15-16 FY 16-17
EBITDA
EBIDTA (BDT million)
EBITDA Margin
1,302 1,168
2,275
3,215 16.8%
13.7%
22.6% 23.0%
0%
5%
10%
15%
20%
25%
30%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Operating Profit
Operating Profit (BDT million)
Operating Profit Margin
884 829
1,715
2,129 11.4%
9.7%
17.1%
15.2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Net Profit After Tax
Profit after tax (BDt million)
Net Margin
Annual performance - consolidated
61 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
3.77 3.61
5.71
6.91
FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17
Earning per share
Annual performance - consolidated
2.50
1.50
6.00
4.50
85%
34%
78%
65%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
-
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
2013 2014 2015-16 (18 M) FY 16-17
Cash dividend
Cash Dividend per share (BDT) Payout Ratio
62 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
33.80
32.83
33.85
34.93
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Net asset value per share (BDT)
4.47
7.00
8.75
15.68
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Operating cash flow per share (BDT)
Annual performance - consolidated
63 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
5.4%
4.9%
8.5% 8.4%
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Return on asset
69%
56% 60%
66%
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Debt-equity ratio
Annual performance - consolidated
64 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
14%
10%
20%
26%
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Return on capital employed
11%
9%
18%
20%
FY 13-14 FY 14-15 FY 15-16 FY 16-17
Return on equity
Annual performance - consolidated
65 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
7,912
8,708
9,174
8,847
9,092
6.4%
10.1%
5.4%
-3.6%
2.8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
7,200
7,400
7,600
7,800
8,000
8,200
8,400
8,600
8,800
9,000
9,200
9,400
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Gross revenue
Gross revenue (BDT Million) Revenue growth
1,339
1,883 2,099
2,766
3,184
19.2%
24.4% 25.9%
35.3%
39.4%
0%
5%
10%
15%
20%
25%
30%
35%
40%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Gross profit
Gross profit (BDT Million) Gross margin
Annual performance - solo
66 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
1,039
1,586 1,650
2,442
2,757
14.9%
20.6% 20.3%
31.2%
34.1%
0%
5%
10%
15%
20%
25%
30%
35%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
EBITDA
EBITDA (BDT Million)
EBITDA margin
901
1,417 1,469
2,240 2,537
12.9%
18.4% 18.1%
28.6%
31.4%
0%
5%
10%
15%
20%
25%
30%
35%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Operating profit
Operating profit (BDT Million)
Operating margin
699 925
1,151
1,726
1,997
10.0%
12.0%
14.2%
22.0%
24.7%
0%
5%
10%
15%
20%
25%
-
500
1,000
1,500
2,000
2,500
3,000
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Net profit after tax
Net profit (BDT Million)
Net margin
Annual performance - solo
67 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
2.93
3.88
4.47
6.32 6.58
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Earning per share (BDT)
31.84
32.52
31.17
34.26
35.04
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Net asset value per share (BDT)
Annual performance - solo
68 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
34.8%
46.5%
33.2%
23.9%
13.1%
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Debt-equity ratio
Debt-equity ratio
6.1%
6.9%
8.6%
11.9%
13.0%
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Return on asset
Return on asset
Annual performance - solo
69 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
11.9%
18.3% 17.2%
23.8% 24.0%
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Return on capital employed
RoCE
10.0%
12.6% 14.1%
19.1% 19.5%
FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17
Return on equity
Return on equity
Annual performance - solo
70 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Quarterly financial highlights
71 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Quarterly Performance - consolidated
3,053
3,627
4,069 4,303 4,344
4,639
Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q2-FY18
Revenue
Gross revenue (BDT Million)
1,001 1,119
1,182 1,255
1,148 1,016
35.8%
33.3% 31.2% 31.1%
28.3%
23.3%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
-
500
1,000
1,500
2,000
2,500
Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q2-FY18
Gross Profit
Gross profit (BDT Million) Gross margin
72 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
1.67 1.49
1.96 1.80
1.70
1.30
Q1-
FY17
Q2-
FY17
Q3-
FY17
Q4
-FY
17
Q1-
FY18
Q2-
FY18
Earning per share (BDT)
Quarterly Performance - consolidated
665 567
818 740 724
587
23.8%
16.9%
21.6%
18.3% 17.8%
13.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
(100)
100
300
500
700
900
1,100
1,300
1,500
Operating Profit
Operating profit (BDT Million)
Operating margin
520 455
592 562 574
455
18.6%
13.5%
15.7% 13.9% 14.1%
10.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
-
100
200
300
400
500
600
700
800
900
1,000
Net Profit After Tax
Net profit (BDT Million) Net margin
73 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
2,099
2,247
2,437
2,309
2,166 2,148
Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q2-FY18
Revenue
Gross revenue (BDT Million)
Quarterly Performance - solo
720 786
875 802
589 507
38.9% 39.3% 40.4% 39.0%
30.9%
26.9%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
-
200
400
600
800
1,000
1,200
1,400
Q1-FY17 Q2-FY17 Q3-FY17 Q4-FY17 Q1-FY18 Q2-FY18
Gross Profit
Gross profit (BDT Million) Gross margin
74 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
1.57 1.41
1.92 1.68
1.34
0.95
Q1-
FY17
Q2-
FY17
Q3-
FY17
Q4
-FY
17
Q1-
FY18
Q2-
FY18
Earning per share
Quarterly Performance - solo
598 525
750 636
458 334
32.3%
26.2%
34.6% 30.9%
24.0%
17.8%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
-
200
400
600
800
1,000
1,200
1,400
Operating Profit
Operating profit (BDT Million)
Operating margin
473 425
579 508
405
287
25.5%
21.3%
26.7% 24.7%
21.2%
15.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
-
200
400
600
800
1,000
1,200
Net Profit After Tax
Net profit (BDT Million) Net margin
75 2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
990 980
1,103
1,015
1,042
1,065
Q1-2016-17 Q2-2016-17 Q3-2016-17 Q4-2016-17 Q1-2017-18 Q2-2017-18
Manufacturing revenue
912
952
982
928
962
1,017
Q1-2016-17 Q2-2016-17 Q3-2016-17 Q4-2016-17 Q1-2017-18 Q2-2017-18
Trading revenue
Quarterly lubricant revenue
2nd quarter 2017-18 | MJL Bangladesh Limited | Earnings Disclosure |
Quarterly tanker revenue
198
315
352 366
161
66
Q1-2016-17 Q2-2016-17 Q3-2016-17 Q4-2016-17 Q1-2017-18 Q2-2017-18
Oil tanker revenue