First Dawood Investment Bank : CORPORATE BRIEFING SESSION 2023

CORPORATE BRIEFING SESSION 2023

You are cordially invited to a Corporate Briefing Session of First Dawood

Investment Bank Ltd. (FDIBL), wherein the Company's Senior

Management shall discuss the Company's Future Outlook & Financial

Performance for the year ended June 30, 2023.

Date:	Monday, October 02, 2023
Venue:	19th Floor, Tower-B, Saima Trade Towers, I.I.
	Chudrigar Road, Karachi
Presentation:	10:00 A.M.
Q&A Session:	10:30 A.M.

CORPORATTE BRIEFING SESSSION

FOR THE YEAR ENDEDD

JUNE 30, 2023

NATURE AND STATUS OF BUSINESS

First Dawood Investment Bank Limitted ("the Company") was inncorporated on June 22, 1994 as a public limited company in Pakistan under the Companies Act, 20017 (formerly Companies Ordinance, 1984) and is listedd on Pakistan Stock Exchaange. The registered office of the Company is situateed at 19th Floor, Tower B, Saima Trade Towers, I.I Chhundrigar Road, Karachi, Paakistan. The Company had obtained the licenses for Leasing Business and Investment and Finance Services under Non Banking Finance Companies (Establiishment and Regulation) Rules, 2003 ("the Rules") and Non Banking Finance Companies and Notified Entities Regulations, 2008 ("the Regulation") fromm the Securities and Exchange Commission of Pakkistan (SECP) which has been expired and awaiting renewal.

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FINANCIAL PEROFORMANCE

During the year the company's results for 2023 reflect another year of sound performance that was enabled by aggressive strategy well executed by our management team in an environment where the banking industry facing economic turmoil. The management continued its recovery drive with assertiveness resulted after taking effect of provision made and reversal / recovery against already provided classified portfolio, the company earned before tax profit to Rs.41.691M, and after tax profit to Rs. 7.461M as opposed to a before tax profit to Rs.30.774M, and after tax loss to Rs. 6.084M last year. However, the net worth of your company has increased from Rs. 514.125M to Rs.530.278M due to reversal of provision and surplus on revaluation of investment.

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The management of FDIBL is continuing its efforts for recoveries and focusing its priority on reduction in non-performing portfolio and managing cash reserve despite adverse economic conditions. Correspondingly, the costs are also being controlled and overhead are being restricted. For the same reasons, we have restructured the operations and finance departments to ensure that the costs do not exceed the expected benefits. The company loan portfolio is down to its most chronic market defaulters; henceforth 'Legal Department' are making concerted efforts to negotiate and to settle with these non-performing loans. We are pleased to inform that these efforts have already borne fruits, as some of these loans have been restructured and revenue stream has started flowing from these defaulters. It is expected that once all such accounts are regularized, it will enhance company's financial health and corresponding values.

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