AKD SECURITIES LIMITED

Transcription

1 AKD SECURITIES LIMITED Company Profile July 2008 AKD Securities Limited - 1

2 AKD Group Financial Services Fund Management Real Estate Oil and Gas Investment Banking Securities Brokerage AKD Securities Limited Asset Management AKD Investment Management Limited Real Estate Development & Construction AKD Capital Limited (formerly AKD Securities & Safe Deposit Co. Ltd.) Working Interest in Oil Exploration & Production Oil & Gas Investments Limited AKD Securities Limited - 2

3 AKD Securities - Recipient Of Best Brokerage House Award AKD Securities Limited is a proud recipient of The Best Equity Brokerage House Award for the years and , by CFA Association of Pakistan The CFA Association is a global organization with over 84,000 members from the investment profession in 128 countries. It is also considered the most respected institution in setting investment industry standards of service performance and ethics. AKD Securities Limited - 3

4 AKD Securities - Asiamoney 2007 Broker Rankings ASIAMONEY, the reputable business journal, conducted a survey of International Portfolio Fund Managers focused on the quality of brokerage firms and published the results in its November 2007 edition. In Pakistan, AKD Securities was given the following rankings: Award Best Local Brokerage Best Overall Country Research Best Overall Sales Services Best Execution Best In Sales Trading Ranking 2 nd 2 nd 3 rd 3 rd (with Citi) 3 rd (with Citi/KASB) AKD Securities Limited - 4

5 AKD Securities - The Value Proposition AKD Securities Limited is the leading securities firm in Pakistan accounting for 8% of average daily volume value traded on the Karachi Stock Exchange Providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services Over 100 domestic institutional and high net worth clients handled by institutional desk comprising of: - Commercial, Investment & Islamic Banks - Development Financial Institutions - Mutual Funds & Investment Companies - Corporate Provident & Pension Funds - Public & Private Sector Corporations AKD Securities Limited - 5

6 AKD Securities Mission Statement Online Trading Research Investment Banking ENABLING our customers to achieve the best Investment Performance through: Best Research Best Execution Best Settlement Best Practices Best Service Institutional Sales Broking Training Marketing Compliance Technology Risk Management Administration AKD Securities Limited - 6

7 AKD Securities It s Our Game Our Sales Teams : Barca s Attackers Our Investment Banking Team: Chealsea s Sturdy Midfielders Our Research Team: Red Devils Resilient Defenders AKD Securities Limited - 7

8 AKD Securities Online Stock Trading First brokerage firm to launch Online Stock Trading Service in 2002, inaugurated by Mr. Shaukat Aziz, then Finance Minister of Pakistan Largest customer base with 7,000 registered clients out of a total market size of approximately 17,000 Marketing joint-venture & Co-branching with Standard Chartered Bank for their online Priority Banking Clientele Only online trading service provider with fully dedicated customer call-centre support AKD Securities Limited - 8

9 AKD Securities Our Cutting Edge Research In-depth, insightful & timely research is the backbone of our services to investment professionals and the investment public Our analysts have close contacts with major corporate issuers, trade & industry associations as well as regulatory authorities & ministries AKD Securities Limited - 9

10 INVESTMENT BANKING DIVISION AKD Securities Limited - 10

11 AKD Securities Limited Investment Banking The Company has assembled a core team of expert professionals with a high level of integrity, financial acumen and industry experience. Driven by young and skilled professionals, the team has initiated and successfully executed transactions unique in structure and size. The team has been involved in numerous Initial Public Offerings, Acquisitions, providing risk capital in underwritings, market making, various TFC issuances & Asset Back Securitization as well as leading Privatization deals in the country. Over the years, the team has offered unmatched professional services to its clients and ensured long term relationships with them AKD Securities Limited - 11

12 Investment Banking Our Offering Private Equity Capital Market issuance Under Writing Venture Capital Market Making IBD Services Advisory Arrangement & Placement M&As Bal. Sheet Restructuring Privatisations Corporate Finance AKD Securities Limited - 12

13 Investment Banking Our Expertise Successful track record of completing large capital market transactions Extensive understanding and experience of structuring and executing complex debt & equity transactions Financial strength to commit resources for large underwriting and participation In-depth knowledge of investor demand & appetite Widespread distribution capabilities to a diversified client network through experienced distribution team Close working relationship and credibility with key regulatory agencies Experienced senior resources to ensure swift completion of transactions We believe that with our in-depth understanding of Pakistan s financial markets, experienced management and previous experience, we are best positioned to provide our clients, the level of services required for once again making this Transaction a resounding success AKD Securities Limited - 13

14 Investment Banking Underwriting Arrangements AKDS tops the Underwriting league with the following selected transactions: Year Client Nature of Transaction AKDS's Role Size (PkRmn) 2008 Dynasel Limited Initial Public Offering Underwriter First Credit & Investment Bank Initial Public Offering Underwriter Afif Habib Bank Limited Initial Public Offering Underwriter Pace Pakistan Limited Term Finance Certificate Underwriter Orix Investment Bank Limited Rights Issue Lead Underwriter Tariq Glass Industries Limited Rights Issue Lead Underwriter Sitara Peroxide Initial Public Offering Underwriter The Bank of Khyber Rights Issue Lead Underwriter 1, WE Balanced Fund Initial Public Offering Joint Underwriter Bank Alfalah Ltd. Rights Issue Joint Underwriter PICIC Growth Fund Initial Public Offering Joint Underwriter The Bank of Khyber Initial Public Offering Joint Underwriter PICIC Energy Fund Limited Initial Public Offering Joint Underwriter AKD Index Tracker Fund Initial Public Offering Joint Underwriter Netsol Technologies Limited Initial Public Offering Joint Underwriter Pakistan International Container Limited Rights & Preference Share Issue Joint Underwriter Maple Leaf Cement Factory Rights & Preference Share Issue Joint Underwriter Pak Electron Limited Rights Issue Joint Underwriter AKD Securities Limited - 14

15 Investment Banking Top Of The League Table Largest private sector acquisition in Pakistan s history: Played the role of Financial advisor in the acquisition of Dhan Fibres Limited by Dewan Salman Fibre Limited Pakistan s First Listed Infrastructure Port Project: Financial Advisor to Pakistan International Container Terminal Limited on Equity Capital Raising for PKR 1.8 billion Phase I of 450,000 TEUs Container Terminal Project on West Wharf, Karachi Port Pakistan s highest ever over-subscribed Offer for Sale of Shares: Lead Managed the PKR 577 million Offer for Sale of Shares of Attock Petroleum Limited that was oversubscribed by a record 19 times AKD Securities Limited - 15

16 Investment Banking Top Of The League Table (cont d) Privatization of Pakistan s Second Largest Refinery: Buy side Financial Advisor for the Attock Group of Companies on their PKR Billion Offer for the acquisition of 51% stake in National Refinery Limited Acquisition & Take-over: Manager to the offer for purchase of shares of Crescent Commercial Bank by SAMBA Pakistan s largest TFC Issuance for Acquisition Financing: Advised and arranged the PKR 1.8 billion TFC offering for Dewan Salman Fibre Limited to finance Dhan Fibre acquisition AKD Securities Limited - 16

17 ANNEXURE SELECTED CASE STUDIES AKD Securities Limited - 17

18 Investment Banking Case Study National Refinery Limited- Privatization of 51% GOP Holding of PKR Billion AKDS acted in the capacity of Financial Advisor for the Attock Group of Companies on their PKR Billion Offer for the acquisition of 51% stake in National Refinery Limited This is the biggest ever transaction in the Oil Refining sector involving GOP AKDS provided comprehensive rationale to the acquirer for bidding for NRL with detailed sector dynamics analysis and outlook as well as valuation models under multiple economic and oil-price scenarios AKD Securities Limited - 18

19 Investment Banking Case Study Pakistan s First Listed Infrastructure Project AKD Securities acted as financial advisor and lead underwriter to PICT (Pakistan International Container Terminal Ltd), the first publicly listed infrastructure port project in the world AKD worked together with the International Finance Corporation ( IFC ) who were instrumental in debt financing, whereas, AKD arranged the equity. Pak Kuwait Investment Company (Pakistan s largest investment company) and National Investment Trust (Pakistan s largest mutual fund) were also underwriters to the issue AKD Securities Limited - 19

20 Investment Banking Case Study Metropolitan Steel Corporation Private Equity & Distressed Debt Funding AKD Securities provided private equity and distressed debt funding (PKR 295 million) to purchase 73.6% shares of Metropolitan Steel Corporation Limited (MSCL) and its entire outstanding long-term debt AKDS also provided advisory services to the purchaser during the transaction and has been a partner in the turnaround of the company AKD Securities Limited - 20

21 Investment Banking Case Study Trust Investment Bank Limited Pakistan s First Ever Securitization AKD Securities advised and arranged PKR 100 million for Trust Investment Bank through Securitization of its lease portfolio The Client s borrowing could not keep pace with its rapidly growing vehicle leasing business. Thus credit Lines with commercial lenders were fully tapped AKDS conducted Securitization of future lease receivables through a Special Purpose Vehicle This is the first ever Securitization in Pakistan and it has ushered a new era for leasing companies for raising financing against future cash flows AKD Securities Limited - 21

22 Investment Banking Case Study World Call Pay Phones Re Opening of the IPO Market After Three Years AKDS reopened the IPO market in Pakistan in March 2000 after a 3 year gap WorldCALL s PkR463 million payphone project required funding. When other firms were unsure if the capital markets were ready. AKDS identified this as a telecom deregulation play and applied its underwriting strengths and placement abilities to the transaction AKDS invested PkR45 million of its own capital in the Pre-IPO, and placed an additional PkR158 million with other investors. AKDS also fully underwrote the PkR143 million IPO AKD Securities Limited - 22

23 Investment Banking Case Study Sell Side Advisory - Sale of a Strategic Stake AKDS was the advisor to Continental Biscuits Limited for sale of strategic stake for Euro 100mn Effectively negotiated the deal in its favor with Citibank AKD Securities Limited - 23

24 ANNEXURE - II Other Transactions AKD Securities Limited - 24

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