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TABLE OF CONTENTS

• Yunus Brothers Group – Profile

• Group Financial Position

• Industry Overview

Yunus Brothers Group (“YBG”) is amongst Pakistan’s leading conglomerates with business interests in building material, textiles and power sector.

Introduction: YBG is one of the largest business groups in Pakistan with strong reputation for high business ethics and professional management. YBG is the fastest growing group which has grown remarkably over last 50 years, its turnover for recent financial year is USD 1,510 million which included export turnover of USD 617 million. ICI Pakistan acquisition is part of YBG’s strategy of diversification and entry into businesses that are integral to the economic fabric and opportunities in the country. ICI Pakistan has a rich & successful track record, strong corporate brand equity and high growth potential. YBG has strong banking relationship with all major local and multinational banks present in Pakistan and is considered as a "Blue Chip" counterparty by the banking sector. YBG has the largest cement and textile manufacturing facilities in Pakistan. Lucky Cement, YBGs Flagship Company, is the largest and most efficient manufacturer and exporter of cement. Lucky Cement has established its brand in more than 22 countries and has recently decided to setup a 1.2 mtpa green field cement plant in Kinshasa, D.R. Congo and

another Cement Grinding Plant at Basra, Iraq as joint venture projects with local partners. YBG has the latest and state of the art vertical integrated textile production facilities including spinning, weaving, processing, finishing and stitching. Major textile customers include high end brand from UK, USA, Germany, Spain, Italy and France, including Walmart, Target, Macy’s, Sears, Bed Bath & Beyond etc.

YBG is one of the top exporters of the country and is recognized for its unmatched expertise in cement and textile products. YBG has been awarded numerous awards by the Provisional and Federal Governments in Pakistan in recognition of its export performance. YBG has recently signed an EPC contract for setting up a 50 MW wind farm for generation of electricity through wind turbine generators to be supplied by Nordex Germany. Y.B. Holdings (Pvt.) Limited, a recently incorporated parent company as a part of corporate re-structuring. All the group companies will become the subsidiaries of Y.B. Holdings (Pvt.) Limited upon completion of corporate re-structuring. YBG is well known for its commitment to social / community welfare projects across Pakistan.

Yunus Brothers Group: An Overview

Yunus Brothers Group: An Overview (Cont’d)

Core Business:

Building Material Textiles Power Others

Group Financial Profile USD in millions

Financia lsTota l

Assets

Net

WorthTurnover EBITDA

Net

Profi t

Lucky Cement Limited 508.06 415.34 511.41 142.14 98.32

ICI Pakis tan Ltd 211.88 98.97 365.06 33.98 13.02

Gadoon Texti le Mi l l s 139.31 62.43 189.01 23.87 11.49

Faza l Texti le Mi l l s 75.28 21.76 59.81 7.17 4.42

Yunus Texti le Mi l l s Ltd 232.46 190.43 242.66 33.93 21.21

Lucky Texti le Mi l l s Ltd 107.03 83.69 100.88 17.71 14.39

YB Pakis tan Ltd 21.22 13.67 14.13 0.15 0.18

Lucky Energy (Pvt) Ltd 28.85 13.34 9.45 1.12 1.92

Lucky Knits (Pvt) Ltd 18.25 6.48 17.59 2.52 1.39

Group Total 1,342.33 906.10 1,510.00 262.60 166.33

US$/PKR: 98.8

Yunus Brothers Group Chronology :

Charitable Foundations and Trusts (NPOs)

Aziz Tabba Foundation 1987 Aziz Tabba Dialysis Center 1995 Tabba Heart Institute 2005

Public Limited Listed Companies

Lucky-One (Pvt.) Ltd a Real Estate Project 2010

Yunus Textile’s Spinning Unit – 51,000 Spindles 2010

Yunus Textile Mills Ltd (Largest Home Textile producer) 1998

Lucky Knits (Pvt.) Ltd 2005

Acquisition of USA based Marketing firm Royale Linen

New Jersey 2007

Lucky-Paragon Readymix Ltd 2007

Yunus Brothers 1962

Lucky Textile Mills Ltd 1983

Fazal Textile Mills Ltd 1987

Gadoon Textile Mills Ltd (204,000 spindles) 1988

Lucky Cement Ltd (7.75 M. Tonnes/day) 1993

Lucky Energy (Pvt.) Ltd (NEPRA

approved Captive IPP) 1993 Initiated Investment in Lucky Cement “Maputo, Mozambique”

Shares acquisition of ICI Pakistan Ltd 2012

Gadoon Textile Karachi Unit – 34,272 Spindles 2011

Yunus Energy Limited 2011

Initiated Investment in Lucky Cement “Republic of Congo” 2013

Initiated Investment in Lucky Cement “Basra, Iraq” 2013

2013

Y.B. Holdings (Pvt.) Limited Incorporation of Parent Company, as pert of the corporate re-structuring,

2013

Company Business Description

Bu

ildin

g M

ate

rial

s

Largest cement manufacturer with 7.75 mtpa production capacity.

Market leader with 19% industry share

Largest cement exporter with 24% industry share

The most efficient and lowest cost producer

Owns a cement terminal and logistics infrastructure for bulk cement exports

Having install capacity of 183 MW self-generating captive power plant including 25 MW on Waste Heat

Recovery.

1st professionally managed ready mix concrete business

Manufactures and markets ready mix for construction industry

Capacity: 150 cubic meters per hour

ICI

Portfolio of 4 segments, PSF, Soda Ash, Chemicals and Life Sciences businesses

Largest local soda ash producer & Second largest local PSF producer

Highly recognized corporate brand and logo

Having install capacity of 37 MW self-generating captive power plant

Po

we

r

Power Plant with total capacity of 46.57 MW.

Equip with gas and thermal power generation facility

Licensed as Small Power Producer (SPP) under NEPRA

Newly incorporated Yunus Energy Limited, aim to develop a 50 MW wind farm for supply of electricity to

National Grid in wind corridor of Southern Sindh Province.

Estimated development cost of USD 143 million

Will generate estimated energy of 138.9 GWh per annum.

Yunus Brothers Group: Group Companies Snapshot

Company Business Description

Text

iles

Vertically integrated textile mill with 250 air jet looms

Largest exporter of Home textile products from Pakistan

Annual capacity of 100 million meters per annum

Supplier to top tier retailers and brands across US & Europe including Walmart, Target, Macy’s, Sears, Bed Bath & Beyond etc.

Recently acquired Latif Cotton Mills with an installed capacity of 51,000 spindles.


Largest spinning unit of the country with a capacity of 238,272 spindles

Pioneers in introducing first ever Compact, Core Spun, Siro, Slub and Super fine counts up-to 200/s in Pakistan.

Pioneers in introducing Murata Air Jet and Murata Vortex Spinning in Pakistan

Produces high quality compact yarn, Murata Jet spinning yarn, Core Spun yarn and 100% Grey Cotton Ring Spun yarn.

Recently acquired adjacent Latif Shakir Textile Mills with an install capacity of 14,400 spindles


Engaged in home textile and apparels

Specializes in readymade curtains & accessories for export

Annual production capacity of 60 million meters per annum

FTM was acquired by the YBG in March 1987 which was a non-operative unit with heavy losses, turned in to profitable venture with

in 3 years after investing a huge financial resource for BMR and expansion in the state of the art latest machineries.

Engaged in manufacturing, selling, buying of all types of yarn and knitted fabrics

One of the top spinning mills with 60,000 installed spindles

Engaged in knitting, processing and stitching made-ups

Producing 250,000 Kg of knitted fabric per month

Producing 1 million pieces of garments per month

Supplier to top tier of retailers and brands including Fruits of the Loom, Dickies, Russel, Parker Polo, Vanity Fair etc.

Yunus Brothers Group: Group Companies Snapshot

Individual Experience Summary

In a career spanning over 40 years, Mr. Yunus has held positions in manufacturing, sales management, marketing management

and general management, gaining valuable national and international experience with Yunus Brothers

Mr. Yunus was awarded the "Businessman of the Year" award in 1984 and

In addition to his role as Chairman of the Board of Lucky Cement, Mr. Yunus also holds the offices of; Chairman, Yunus Textile Mills Limited

Chairman, Gadoon Textile Mills Limited

Chairman, Fazal Textile Mills Limited

Chairman, Lucky Energy (Private) Limited

Chairman, ICI Pakistan Limited

Chairman, Y.B. Pakistan Limited

Chairman, Lucky Textile Mills Limited

Chairman, Yunus Energy Limited

Chairman, Y.B. Holdings (Private) Limited

Chairman, Lucky Air (Private) Limited

Mr. Muhammad Ali Tabba started his career with Yunus Brothers in 1990 as Director of the Group primarily concerned with

marketing, as well as investment and operations management.

He has since served as Chief Executive of Yunus Textile Mills Limited, introducing state-of-the-art technology to its operations

Since 2005, when he assumed his late father's position, he has been Chief Executive of Lucky Cement Limited

In addition, Mr. Tabba also holds the following offices;1st professionally managed ready mix concrete business

Chief Executive, Yunus Textile Mills Limited

Director, Gadoon Textile Mills Limited

Director, Fazal Textile Mills Limited

Director, Lucky Textile Mills Limited

Director, Y.B. Pakistan Limited

Director, ICI Pakistan Limited

Director, Lucky Knits (Private) Limited

Director, Lucky Energy (Private) Limited

Director, Yunus Textile (Private) Limited

Director, Luckyone (Private) Limited

Director, Yunus Energy Limited

Director, Lucky Paragon Ready-mix Limited

Director, YB. Holding (Private) Limited

Director, Lucky Air (Private) Limited

Mr. Muhammad Sohail Tabba, has vast experience in trading, marketing and manufacturing that he has developed at Yunus

Brothers and its group manufacturers

He was instrumental in major expansions at Fazal Textiles and Gadoon Textiles

Mr. Sohail is a member of the Board of Governors of the National Textile Foundation

He holds the following offices;

Chief Executive, Gadoon Textile Mills Limited

Chief Executive, Fazal Textile Mills Limited

Chief Executive, Lucky Energy (Private) Limited

Chief Executive, Luckyone (Private) Limited

Chief Executive, Lucky Knits (Private) Limited

Chief Executive, Yunus Energy Limited

Director, Lucky Cement Limited

Director, Yunus Textile Mills Limited




Direcot, Lucky Air (Private) Limited

Director, Y.B. Holdings (Private) Limited

Yunus Brothers Group: Key Decision Makers

M. Yunus Tabba

M. Ali Tabba

M. Sohail Tabba

Individual Experience Summary

Mr. Javed Tabba has a rich experience in the textile industry and is currently the Chief Executive and Director of Lucky

Textile Mills Limited. By virtue of his commitment, dedication and untiring efforts, he has acquired deep insight and

expertise of export and manufacturing activities.

He holds the following offices; Director, Gadoon Textile Mills Limited


Director, Lucky Cement Limited

Director, Feroze 1888 Mills Limited




Director, Lucky Energy (Private) Limited

Director, Y.B. Holdings (Private) Limited

Director, LuckyOne (Private.) Limited



Mr. Imran Tabba has a rich experience in the textile industry and is currently the Joint Chief Executive and Director of

Lucky Textile Mills Limited. His untiring efforts helped him acquire deep insight and expertise of export and

manufacturing activities.

He holds the following offices; Director, Lucky Textile Mills Limited

Director, Lucky Energy (Private.) Limited






Director, Y.B. Holdings (Private.) Limited.

Yunus Brothers Group: Key Decision Makers

Javed Yunus Tabba

Imran Yunus Tabba

ICI Pakistan (“ICIP”) Life Sciences Business Operates in 4 segments: Pharmaceuticals, Animal Health, Seeds and Vegetable Seeds units

Pharmaceuticals: Markets both own brands and a strong portfolio of leading brands of prescription medicine from AstraZeneca and also covers multiple areas including Cardiovascular, Oncology, Anti-Infectives, CNS, Gastrointestinal, Anthelmintic, Analgesics, Anaesthetic, Thalassemia and Anti-diabetic fields

Animal Health: Caters to the livestock and poultry segments which covers Anthelmintics, Antiprotozoals, Antibiotics, Vaccines, Feed additives and Livestock feed

Seeds: Markets products in the sunflower, canola, fodder and corn markets

with leading position in the sunflower market Vegetable Seeds: Promotes vegetable seed products, both hybrid and open

pollinated seeds

A leading manufacturer and distributor of polyester staple fibre (PSF), soda ash and some chemical products used in major industrial and other sectors. The Company is also a distributor of a diversified range of life science products.

PSF Business

Produces and sells PSF suitable for spinning into pure polyester yarn or mixed yarns in combination with cotton or viscose.

Commissioned in 1982 as a 12 mtpa PSF plant in Sheikhupura, near Lahore. 2nd plant in Pakistan with current capacity of 128 mtpa.

Soda Ash Business The Soda Ash Plant produces the three main grades of soda ash Light Ash: used in detergent and chemical applications Dense Ash: used in glass manufacturing Refined Sodium Bicarbonate: used in food applications Commissioned in 1944, before the independence of Pakistan, with a capacity

of 18,000 tpa. Currently, its capacity is 350,000 tpa. Located in Khewra next to the 2nd largest salt mine in the world and

limestone quarries.

Largest soda ash plant in the country.

Chemical Business Manufacturing and trading through 2 segments

General Chemicals (GC): Trading of a range of products and production of Polyurethanes

Specialty Chemicals (SC): Produces a host of chemicals

Including adhesives, textile chemicals and crop emulsifiers

ICI Pakistan

Year ended 30 June 2011 2012 2013

Sales 365 355 365

EBITA 35 29 34

Net Income 20 10 13

Total Assets 214 214 212

Key Financial Highlights USD in millions

Yunus Textile Mills Limited (“YTM”)

A vertically integrated brand new home textile unit established in 1999 consisting of spinning, weaving, printing, dyeing, finishing and cut & sew In a span of 10 years, it became the #1 home textile exporter from Pakistan with 10% share of all Home Textiles exported from the country. International warehousing, distribution and design development offices in USA, UK, France, Spain and Canada Steady investment since inception and continuing every year to meet the needs of achieving efficient production along with sustainable practices. Having a portfolio of high ranking global leading retailers, most of which are now associated with YTM for more than 10 years. Shorter production lead times and on time shipments makes it extremely reliable in terms of delivery security. Cost reduction at all production chain gives it a price advantage. Energy conservation initiatives and pioneering in modernization of energy resources ensures availability of required products at all times.

Textile

Our Business Partners

Yunus Textile Mills Limited (“YTM”)

Gadoon Textile Mills Limited (“GTML”)

GTM was established in 1988 and started commercial production in 1990. GTM is the largest spinning unit of the country with production capacity of 242,528 spindles producing various types of yarns. GTM has the distinction of being the first in Pakistan and second in the world commenced Compact and Compact Core Spun Yarn. GTM produces high quality Compact yarn, Murata Jet, Ring Spun yarn, Core Spun

yarn, Open end with pure and blend of all types of cotton and manmade fibers

from 2/s to 200/s. GTM is listed on the Karachi and Islamabad stock exchanges. GTM has its own captive power generation facility of 47 MW. GTM derives 53% of its revenue from domestic and 47% from exports.

Textile (Cont’d)

Year ended 30 June 2011 2012 2013

Sales 223 243 243

EBITA 32 37 34

Net Income 20 25 21



Year ended 30 June 2011 2012 2013

Sales 161 139 189

EBITA 28 11 24

Net Income 22 7 11



Fazal Textile Mills Limited (“FTML”)

Lucky Textile Mills Limited (“LTM”)

FTM was acquired by the YBG in March 1987 which was a non-operative unit with heavy losses. FTM was converted into profitable within 3 years of its acquisition. FTM is engaged in manufacturing and selling of all types of yarn and knitted fabrics. FTM is one of the top quality spinning mills in the country with 60,000 installed spindles and is in process of increasing its capacity to 100,000 spindles. FTM Produces 100% Grey Cotton, Ring Spun Yarn and wide range of Blended and Heather Yarns FTM derives 37% of its revenue from domestic and 63% from exports.

LTM was established in 1983 as a fully computerized stitching and weaving unit LTM is engaged in weaving and textile made-ups. LTM specializes in ready-made curtains and accessories for export LTM has 3 weaving plants with 800 Suzler looms and 250 stitching machines LTM has production capacity of 3.4 million meters Grey fabric and 15 million meters made-ups per month LTM has processing capacity of 60 million meters per annum LTM has its own captive power generation facility

Textile (Cont’d)

Year ended 30 June 2011 2012 2013

Sales 58 48 60

EBITA 5 3 7

Net Income 4 1 4



Year ended 30 June 2011 2012 2013

Sales 91 100 101

EBITA 13 21 18

Net Income 12 17 14



Lucky Energy Private Limited (“LEPL”)

YB Pakistan Limited (“YBPL”)

LEPL was setup as a captive power plant for Lucky Textile Mills in July 1993. LEPL is a licensed Small Power Producer ("SPP") under the National Electric Power Regulatory Authority Due to frequent power breakdowns caused by increasing power deficit in Pakistan LEPL was established as a private sector power generation project LEPL supplies un-interruptible power to Lucky Textile Mills and Fazal Textile Mills The company operates with capacity of 25 MW FY13 Sales: USD 9mn; Net Profit: USD 2 mn; Assets: USD 29 mn

Founding company of the Yunus Brothers Group which was initially established as a partnership firm and subsequently converted into a public limited company YBPL the trading arm of the Yunus Brothers Group and trades in various commodities both in the local and international market

Lucky Knits (Private) Limited (“LKL”)

LKL was established in 2005. LKL is primarily engaged in knitting, processing and stitching setups. LKL is equipped with state of the art machinery meeting all international standards. LKL has 103 knitting machines with movements covering 16" to 46" dia. LKL produces 250,000 Kgs of knitted fabric per month LKL produces 1 million pieces of garments per month. FY13 Sales: USD 18 mn; Net Profit: USD 1 mn; Assets: USD 18 mn

Lucky Paragon Ready-Mix Limited (“LPRM”)

LPRM is a joint venture between Lucky & Paragon Construction (Pvt.) Ltd which started operations in August 2006. LPRM is the first professionally managed ready-mix concrete business in Pakistan LPRM manufactures and markets ready-mix concrete for mega projects throughout the country with quality and reliable supply of concrete. LPRM offers a full range of products with strength ranging from 1000 psi to 10,000 psi for both OP & SR cement types.

Yunus Energy Limited (“YEL”)

The YBG has recently initiated this project of its unique nature and national importance in Pakistan with the name of Yunus Energy Limited. YEL will be a wind farm to generate 50 MWs of electricity through wind turbine generators to be supplied by Nordex Germany, technology inventor. The project cost is estimated at USD 143 million to be financed with capital structure of 75:25 debt equity ratio The debt financing for this project has been arranged through a consortium of lenders.

Power and Others

The Mall - Karachi

Lucky One – Karachi

YBG ventured into the real estate business and proved to be a roaring success, delighting all by constructing a masterpiece of modern architecture - The Mall, Clifton, Karachi in collaboration with Siddiqsons Group. The silent features of the Mall are: Shopping Paradise Spread over four floors this modern Shopping Mall is specially designed according to international standards for an exhilarating shopping experience. Gold Souk They say you can’t buy happiness but at our Mall we offer 24-carats of pure joy. The first ever dedicated shopping centre for gold jewelry. Wedding Souk Wedding Souk carries everything a bride can dream of, from designer outfits to makeup, shoes and accessories.

YBG aims to construct world class structures that will define Real Estate sector in Pakistan. Pride ourselves in committing to the following well defined and deeply embedded core values: to strive to create ventures that improve the lifestyles in the communities we serve to maintain the highest sense of responsibility and ethical standards, and

uncompromising honesty and integrity to build a relationship of trust with our clients, partners, shareholders, employees and

society to strictly adhere to superior quality in our work, activities and results

LuckyOne Mall is a magnificent, multi-faceted, first-of-its-kind regional shopping mall that will revolutionize the shopping experience in Pakistan. The eclectic mix of high-end specialty stores, fine dining and leisure pursuits make LuckyOne Mall the premiere lifestyle destination for shopping, leisure and entertainment.

LuckyOne Apartments is a magnificent, multi-faceted, first-of-its-kind hi-end residential complex that will revolutionize the luxury living experience in Pakistan. LuckyOne Apartments integrates 8 elegant residential towers and a large 8-acre Rooftop Park.

Real Estate

The group is well aware of its corporate social responsibilities. The Yunus Brothers Group has established Aziz Tabba Foundation which is engaged in a number of projects sponsored by the group that include:

Social activism has always been a hallmark of YB Group. Aziz Tabba Foundation, started in 1987, serves as a testimony to the philanthropic spirit of the company's founders. The Foundation carries out various activities for social welfare of the community in areas of health, education and enhancing economic prosperity.

Aziz Tabba Kidney Centre is a centre of excellence that provides cost effective and state of the art dialysis facilities to the underprivileged section of the society. ATKC is also the only centre in Karachi where HB positive patients are treated separately.

Tabba Heart Institute, a state of the art, yet not for profit Cardiac hospital, was established with the aim to provide quality services and compassionate care at an affordable cost. THI is a 120 bed cardiac unit equipped with modern and up to date equipment, with renowned Cardiologists and Cardiac Surgeons.

Global Reporting Initiative (GRI) Level Check A Lucky Cement, the flagship company of YBG published its Sustainability Report 2011 for which GRI has awarded a Level Check ‘A’ to its report. In addition to the above, YBG has actively participated to increase quality of education being provided in the Country. In this regard, a number of projects have been completed and some are under process.

Karachi School of Business and Leadership (KSBL) Karachi Education Initiative (KEI), a not for profit organization, being run by group of diverse business leaders is establishing a world class graduate and post graduate level school in Karachi by the name of Karachi School of Business and Leadership (KSBL). The group has donated a generous amount of US$ 1.2 million for the construction of this world class institution and Mr. Muhammad Ali Tabba serves on the Board of Directors of KEI.

Razzak Tabba Academic Block at IBA Institute of Business Administration (IBA) is one of the best business schools in Pakistan, with over five decades of academic excellence. The group has committed US$ 1.8 million to IBA for the construction of a new academic block, which will be named as Abdul Razzak Tabba Academic Block.

Women and Children Hospital (WCH) Ghazni Khel, Khyber Pakhtunkhwa YBG is a major and regular donor of the Women and Children Hospital Ghazni khel, Khyber Pakhtunkhwa (KPK). This hospital provides necessary and quality maternity medical care to the poor and needy people. WCH is a 16 bed hospital in the remote area of the KPK Province with a well equipped Labor room, a diagnostic laboratory with an Ultrasound facility and an ambulance.

Water Supply Scheme at Pezu (KPK) The group established water supply scheme and distribution lines to provide clean drinking water to the residents of Darra Pezu. The 9 Km long water supply line provides clean drinking water facility to the residents of the rural localities situated in the outskirts of Darra Pezu town in KPK Province. The distribution line starts from Lucky Cement's Pezu Plant and provides water to outskirts of Pezu by connecting with two wells made by the group. From these wells, water is then passed to the old distribution lines and hence spreads all over Darra Pezu. This water supply line provides drinking water to almost 70% of the population of Pezu, which is equal to 5,000 households. Outside Pezu, almost 2,000 households get water from these lines as well.

Corporate Social Responsibility

Name Designation Phone – Direct Phone – Cellular Email address

Mr. Sohail Tabba CEO [email protected]

Mr. Muhammad Faheem G.M. Finance

Contact Details:

Mr. Toufique Yusuf Chief Financial Officer& Company Secretary

92-3222163211 [email protected]

92-3008290897 [email protected]

mailto:[email protected]

Thank You

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