Pakistan Aluminium Beverage Cans : Transmission of Results for the Quarter Ended March 31, 2022

Company Information 4

Directors' Review 5

Condensed Interim Statement of Financial Position 6

Condensed Interim Statement of Profit or Loss 8

Condensed Interim Statement of Comprehensive Income 9

Condensed Interim Statement of Changes in Equity 10

Condensed Interim Statement of Cash Flows 11

Notes to the Condensed Interim Financial Statements 12

Directors' Review Urdu 16

Share Trading Details 18

PAKISTAN ALUMINIUM BEVERAGE CANS LIMITED

COMPANY INFORMATION

Board of Directors

• • Mr. Simon Michael Gwyn Jennings (Chairman)

• • Mr. Asad Shahid Soorty

• • Mr. Ejaz Ahmad

• • Mr. Muhammad Jawaid Iqbal

• • Mr. Zain Ashraf Mukaty

• • Ms. Hamida Salim Mukaty

• • Mr. Azam Sakrani

Chief Executive

• • Mr. Azam Sakrani

Audit Committee

• • Mr. Ejaz Ahmad (Chairman)

• • Mr. Asad Shahid Soorty

• • Mr. Zain Ashraf Mukaty

Human Resource and Remuneration Committee

• • Mr. Muhammad Jawaid Iqbal (Chairman)

• • Mr. Simon Michael Gwyn Jennings

• • Mr. Zain Ashraf Mukaty

Company Secretary

• • Mr. Muhammad Shehroze

Registered Office

• • PHA Flat No. 04, Block No. 12, G-8 / 4, Islamabad

Main Office

• • 29 & 30, M-3 Industrial City, Main Boulevard, Sahianwala, Faisalabad

Auditors

• • A. F. Ferguson & Co., Chartered Accountants

Legal Advisor

• • Muhammad Mehmood Arif

Share Registrar

• • THK Associates (Pvt) Limited

  Plot No. 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi, 75500 Pakistan.

1ST QUARTERLY REPORT 2022

DIRECTORS' REVIEW

The Board of Directors is pleased to present un-audited financial statements of the Company for the quarter ended March 31, 2022.

Performance Review

Your Company managed to deliver excellent financial performance and posted a profit after tax of Rs. 611 million during the first quarter of 2022, despite macro-economic challenges and inflationary pressures. This performance has translated into Earnings per Share of Rs. 1.69 for the quarter ended March 31, 2022

Through its continued focus on excellence, your Company has reached new milestones and delivered best quarterly performance, both in terms of sales volume and profitability growth. During the period under consideration, your Company managed to grow its export sales and local sales by 18 % and 50 % respectively, as compared the same period last year.

A summary of the financial results for the quarter ended March 31, 2022 are given below:

(Rupees in Million)

Sales 2,624

Gross Profit 864

Profit before taxation 627

Profit after taxation 611

Earnings per share (Rupees) 1.69

Capacity Expansion

The project to expand rated can manufacturing capacity from 700 million cans per year to 950 million cans per year is progressing well, and is expected to be commissioned by the end of second quarter of 2022. The additional capacity will help the Company to meet the growing demand of aluminium beverage cans both locally and internationally.

Future Outlook

The Board of Directors and Executive Management remains committed to maintaining sharp focus on improving the financial performance of your Company. With additional production capacity being available during 2022, we are hopeful that the Company shall continue to grow its sales revenue, improve profitability and increase shareholders' value.

The Company has been making efforts to diversify and explore new export markets in South and Central Asia, the Middle East and Africa, besides maintaining its market share in Afghanistan. The Company faces certain risks such as rising interest rates, inflationary trends witnessed in international commodity prices, and supply chain disruptions which are global challenges and the Company is taking all measures to mitigate these.

Acknowledgements

We would like to take this opportunity to thank the shareholders, customers, employees, vendors, lenders and all other stakeholders for their dedication, continuous support and trust in the Company.

On behalf of the Board of Directors

Chief Executive Officer Director

April 21, 2022 05