Pakistan International Bulk Terminal : PIBTL | Pakistan International Bulk Terminal Limited Transmission of Annual Report for the Year Ended June 30 2023

PROGRESS WITH CARE

ANNUAL REPORT 2023

CONTENTS

1. Directors' Report (Urdu)
2. Financial Performance

1. Six Years at a Glance

1. Statement of Value Addition and Distribution of Wealth
2. DuPont Analysis

PROGRESS WITH

ENVIRONMENTAL STEWARDSHIP

Our environmental mission is at the heart of PIBT's values and a top priority in decision making, and PIBT has continuously pursued this mission with unwavering commitment and enthusiasm. Initiatives encompass responsible coal handling and storage, emissions reduction through renewable energy, and implementation of protective measures to improve air quality. We believe that adoption of sustainable environment-friendly policies and practices is more than a responsibility, it is a critical opportunity for us to make a positive impact.

COMPANY PROFILE

Pakistan International Bulk Terminal Limited (PIBT), a flag ship project of the Marine Group of Companies (MRGC), is Pakistan's first terminal for handling coal, clinker and cement on Build Operate Transfer (BOT) basis at Port Muhammad Bin Qasim to meet the industry's demand for mechanized handling of dirty bulk cargo. The Company has entered into BOT contract with Port Qasim Authority (PQA) on November 06, 2010 for a period of thirty years.

The terminal has been developed in the national interest in accordance with the master plan of the Ministry of Maritime Affairs as the common- user terminal for dirty bulk cargo in Pakistan. The Project warrants significant importance, being the linkage of the supply chain catering to the national requirement of coal imports for the power plants, cement manufacturers and industrial consumers, and by increasing the port infrastructure capacity for handling imported coal in Pakistan.

A huge capital in excess of USD 300 million was invested in the project, which also attracted Direct Foreign Investment in the country through, inter alia, International Finance Corporation's (financial arm of the World Bank) debt financing and equity investment in PIBT. It is pertinent to highlight that the company is a listed entity on the Pakistan Stock Exchange and currently it has more than 20,000 shareholders from the public.

PIBT has been designed to handle export of clinker & cement and import of coal, which is used for the purpose of power generation by IPPs as well as by other industries such as cement and steel.PIBT has current capacity to handle 12 million tons of coal import and 4 million tons of export of clinker and cement which can altogether be further enhanced up to 20 million tons per year. PIBT has been developed over 61.775 acres backup area including coal and cement storage facilities, and 9.72 acres water front area i.e. , jetty and trestle.

COMPANY INFORMATION

PROGRESS WITH

HEALTH AND SAFETY

We understand that a strong health and safety culture is essential for the sustainability of our business, and therefore, PIBT continues to prioritize the well-being of our employees, partners, and the communities where we operate. This commitment encompasses essential aspects sucha as adequate training, equipment upkeep, and routine inspections to guarantee a secure working atmosphere.

To transform the handling of dirty bulk cargo, augment country's port infrastructure and bring efficiencies to the logistics supply chains across industries of Pakistan.

VISION

MISSION

To operate state-of-the-art dirty bulk cargo handling terminal at Port Qasim by imparting premium services to our partners and making positive contributions to community and environment while safeguarding the interests of our shareholders.

PROGRESS WITH

QUALITY

AND EFFICIENCY

Quality is at the cornerstone of our business philosophy. We are dedicated to delivering services that meet and exceed the highest standards in our industry, through investing in state-of-the-art equipment, deploying continuous improvement initiatives and adherence to internationally recognized quality management systems, which have resulted in consistently high levels of customer satisfaction.

BUSINESS STRATEGY AND COMPETITIVE EDGE

With an aggressive growth plan and focus on increasing the shareholder value, we stand committed to provide unparalleled services to our customers at international standards of efficiency and pollution control.

The strategy is to aim for maximization of profit as well as to ensure that the local communities, our partners and other stakeholders also benefit from our prosperity.

Few of the competitive advantages at PIBT that our clients utilize to bring efficiencies in their respective supply chains include:

• Strategic location on national highway easing linkage to road network
• Faster coal discharge rate translating into freight savings
• Lower cargo handling losses due to efficient cargo handling facility
• Reduced truck turnaround time translating into transportation savings
• Improved chances of commodity financing considering PIBT being custom bonded facility

16 PIBT | Pakistan International Bulk Terminal Limited