IDLC Investments Company Insight BATA Shoe Company (Bangladesh) Limited July 11, 2013

Company !o"ile

BATA Shoe Company (Bangladesh) Limited (DSE: BATASHOE ) Current Price (July 11,2012 $otal %um&er o' Share (mn! +loat (,! +ree +or#ard P/0 B1$1 $railing P/ 0 B1$1 +or#ard P/ 6 $annery Sector a!ti#$la!s (BDT mn) %et 8e7enue 9ro Pro'it -perating pro'it %et Pro'it a'ter ta3 $otal 1 et $otal e=uity 2,001 %& '' (,( 2) 2,3 (1 )2 * 57 3,5 * 23 1,55) %&'% 572.0 13.( )30 , 13.32 11.25 3 3 15.35 3 (') %&'* 7,3) 1,)1 5 * (53 2,(( ( 1,00 220 ( (7 127 3,*) 2,07 2 0 1,)52 2

Bata Shoe Company (Banglade h! "imited #a incorporated in Banglade h in 1*72. $he company i one o' the operating companie o' #orld#ide Bata Shoe -rgani.ation (BS-!. 70, o' the company i o#ned &y Ba''in (%etherland ! B.4. $he company i a manu'acturer and mar5eter o' leather, can7a 'oot#ear, ho iery and acce orie item a #ell a +ey ,even$e D!ive!s - Company Insight Sale o' 'oot#ear i the 5ey re7enue dri7er. $he company ha &rand &rought international uch a :u h Puppie , Scholl and %i5e in Banglade h, ting &rand li5e Po#er, ;arie Claire and along #ith e3i Bu&&le6gummer . $he a 'e# more &rand li5e %orth Star, company al o launched Bata Com'it, 'ir ta a partB. o' it continuou e''ort o' Product <e7elopment.

Source> 1nnual 8eport o' Bata Shoe Company ( Banglade h! "imited e! sha!e (BDT) % & ' ' % & ' % (' ($ n a $ di te d) (/PS! 2*.12
) %& '*

Boo5 113.*1

4alue 135.53

per Share 12(.25 %&'% (') %&'*

Othe!s

%&''

-perating pro'it 13, 12, pro'it margin *, 7, 8-1 1), 3,

8-/ 3*, Stoc5 <i7idend 7 6

($na$dite d) margin 11, %et *, 1),

,

20, 6

8e tated 22.32 10.72

<i7idend 250, 250,

Ca h

tho e deteriorat the contraction

Source>

8e earch,

@<"C

@n7e tment

"imited

Currently, it operate 2 manu'acturing plant at $ongi and <hamrai,

ituated

Te! mi nol ogi es +ree +loat > , o' total hare not o#ned &y Spon or A <irector , and 9o7t. +or#ard P/> Ba ed on 1nnuali.ed /arning o' the late t declared =uarter $railing P/> Ba ed on "ate t 12 ;onth /arning

producing around 110,000 pair o' hoe daily. @t al o ha a modern tannery #ith the late t technological 'acilitie to proce 5 million =uare 'eet o' leather e7ery year. Currently, Bata ale more than 30 million pair o' hoe generating a turno7er o' more than B<$ 7 &illion. $he product are deli7ered to the cu tomer through the companyB trong deli7ery chain con i ting o' 222 retail outlet and 13 #hole ale depot . .inan#ial e!"o!man#e %et 8e7enue gre# 11, in 2012 compared to a 17, gro#th in 2011. :o#e7er, %et Pro'it gro#th impro7ed to 1(, a again t 7,, in the preceding year. $he &u ine per'ormed #ell o#ing to 'a7ora&le &u ine condition in 2012. 1lthough, pro'it margin remained relati7ely
ta&le during the period ,

in other income and 'inancial income. ,e#ently) the #ompany has !epo!ted net p!o"it a"te! ta/ o" BDT '01213 million 4ith E S o" BDT '&25% "o! the pe!iod o" th!ee months (6an7 '* to 8a!#h7 '*) as against BDT '%*2*0 million and BDT 32&% !espe#tively "o! the same pe!iod o" the p!evio$s yea!2
<9/% 115 B1$1S:-/ 105 *5 ,e9ased !i#e )5 75 (5 55 25 35 :ov''

6an'% .e9'%

8a!'% 8ay; 6$n'% 6$l'% Sep'% O#t'% :ov'%

De#'% .e9'* 8a!'* Ap!'* 6$n'* 25

<i cl aimer > $hi <ocument ha &een prepared and i ued &y @<"C @n7e tment "imited on the &a i o' the pu&lic in'ormation a7aila&le in the mar5et, internally de7eloped data and other ource &elie7ed to &e relia&le. Chil t all rea ona&le care ha &een ta5en to en ure that the 'act D in'ormation tated in the <ocument are accurate a on the date mentioned herein. %either @<"C @n7e tment "imited nor any o' it director, hareholder, and mem&er o' the management or employee repre ent or #arrant e3pre ly or impliedly that the in'ormation or data o' the ource u ed in the <ocument are genuine, accurate, complete, authentic and correct. ;oreo7er, none o' the director, hareholder, and mem&er o' the management or employee in any #ay i re pon i&le a&out the genuinene , accuracy, completene , authenticity and correctne o' the content o' the ource that are pu&licly a7aila&le to prepare the <ocument. @t doe not olicit any action &a ed on the material contained herein and hould not &e con trued a an o''er or olicitation to &uy ell or u& cri&e to any ecurity. @' any per on ta5e any action relying on thi <ocument, hall &e re pon i&le olely &y him el'Aher el'Athem el7e 'or the con e=uence thereo' and any claim or demand 'or uch con e=uence hall &e reEected &y @<"C @n7e tment "imited or &y any court o' la#.