Towellers : Corporate Briefing Session Presentation 2023

TOWELLERS LIMITED CORPORATE BRIEFING SESSION 2023

DISCLAIMER

• This presentation has been prepared by Towellers Ltd solely for information purposes. 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. The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of presentation. Neither Towellers nor any of its respective 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.
• This presentation does not constitute or form part of a prospectus, offering circular or offering memorandum or an offer, solicitation, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of, or be relied upon in connection with, or act as any inducement to enter into any arrangement, agreement, contract, commitment or investment decision in relation to any securities. This presentation shall not at all be intended to provide any disclosure upon which an investment decision could be made. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted.
• The presentation may contain statements that reflect Towellers' own beliefs and expectations about the future. These forward looking statements are based on a number of assumptions about the future, which are beyond Towellers' control. Such forward looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward looking statements. Towellers 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 indication or guarantee of future results.

Industry Overview

Some industry facts and figures - Global

The global textilemarket grew from $573.22 billion in 2022 to $610.91 billion in 2023 at a compound

annual growth rate (CAGR) of 6.6%.	v

Pakistan is the 10th largest exporter of Textile commodities in the world and provides 9% of the global textile needs. and In the year 2021-2023,the Textile Industry contributed to approximately 8.5% to the GDP of Pakistan;

Industry facts & figures

Annual growth rate of 13% was targeted for textile exports of Pakistan during the

years 2020-2025 to achieve the export target of $25 billion.

v

In fiscal year 2022-23 ended June 30, textile and garment exports from Pakistan declined by 14.63 percent to $16.5 billion against $19.33 billion in the previous fiscal year.

Industry performance during the ongoing year 2023

The Country's textile group exports declined by 9.95 percent during first quarter of year 2023-24 and stood at US$ 4.127 billion compared to US$ 4.584 billion during the same period last year.;

Pakistan's textile exports in October 2023 ,however, have grown by 5 percent to $1.43 billion over the corresponding month last year of US$ 1.36 billion. Comparing September figures to October 2023, exports have grown by 5 percent, which was also at US$ 1.36 billion.

Brief Company Profile

Towellers Limited has been manufacturing textile products since 1973. The company is operated now by its third generation and has business experience spreading over almost 5 decades. The Company owns vertically integrated mills having their own weaving, dyeing, and sewing operations - it manufactures and exports textile made ups comprising of knitwear garments, Towels, blankets, and baby products.

The Company manufactures over 18 million pieces of knitted apparel as well as 1.2m lbs of terry towels annually and has an annual turnover of US$ 43 M.

Some of the manufacturing processes are as follows:

Knitting Section

Checking Area