INITIAL PUBLIC OFFERING OF 40.

0 MILLION
ORDINARY SHARES OF

The Organic Meat Company Limited

through book building at a Floor Price of
PKR 18/- per share

JOINT CONSULTANTS & ARRANGER BOOK RUNNER

Transaction Overview

Issuer The Organic Meat Company Limited (“TOMCL” or the “Company”)

Transaction Summary TOMCL is listing on the Pakistan Stock Exchange (“PSX”) through an Initial Public Offering of 40.0 million
shares at a floor price of PKR 18/- per shares (including a premium of PKR 8 per share) with an upper limit
of 40% above the floor price.
Size of Offering 40,000,000 shares of PKR 10 each
Present Paid Up Capital PKR 718,177,770 divided into 71,817,777 shares of PKR 10 each
Floor Price PKR 18 per share (inclusive of a premium of PKR 8 per share)
Maximum Price at cap PKR 25.20 / share
Total IPO offering PKR 720,000,000 divided into 40,000,000 shares of PKR 10 each
Purpose of the Issue TOMCL is undertaking this equity raising for the following purpose:

- to set up an offal processing facility at Korangi for processing of locally collected offal
- to set up an offal production facility at Karachi Export Processing Zone (KEPZ) for processing of
imported offal and re-export to China and Vietnam
- to enhance the output of current product range

The Organic Meat Company Limited

INTRODUCTION

The Organic Meat Company Limited

The Organic Meat Company – An Introduction
The Organic Meat Company Limited (“TOMCL” or the “Company”) is one of the largest halal meat processors and exporters from Pakistan
Started operations in 2011, as a two-product company and a capacity of 3 tons per day (beef) and 5 tones per day (mutton). Today, the
Company has expanded capacity to 75 tones per day with a product portfolio of four (4) product categories and largest market
coverage in Pakistan.
Current slaughtering capacity stands at 60 heads / hour (beef) and 120 heads / hour (mutton)
The slaughterhouse and processing facility is spread over a 9.852 acres area at Gadap, Karachi
The facility has sufficient animal holding area for 2,000 goats / sheep and 2,000 cows / buffalo / bull
TOMCL is currently approved to supply it’s product to 16 different companies, giving it a major advantage not only in the sales but also the
procurement process
Currently, the Company is making efforts to procure approvals from China, Russia, and other CIS countries
TOMCL specializes as a ‘Value Added’ player in the meat industry

The Organic Meat Company Limited

The Organic Meat Company – Largest Meat Product Portfolio in Pakistan

Product Offering

Mutton Beef Offal

Fresh Chilled Mutton Carcass
Fresh Chilled Mutton Carcass
(Vacuum Pack)
Frozen Mutton Carcass
Frozen Mutton Cuts deboned
Fresh Chilled Beef Fresh chilled edible
Fresh Chilled Beef Cuts (Vacuum Frozen edible
Pack) Raw & Salted
Frozen deboned beef Raw Bones & Hides
Frozen beef with bone

The Organic Meat Company Limited

The Organic Meat Company – Largest Market Access
Middle East & South Asia Far East

Saudi Arabia
Vietnam

UAE CIS Region Malaysia

Iraq

Egypt Hong Kong

Hong Kong
Vietnam

Iraq Oman Thailand

UAE Malaysia
Qatar

Oman Bahrain
Myanmar
Egypt Kuwait
Myanmar
KSA
Thailand
Bahrain
Eastern Europe
Kuwait
TOMC has the greatest market access within CIS*
Qatar Pakistan’s meat export

Afghanistan Future Target Markets

*CIS consists of 9 countries out
of which TOMCL currently
Maldives China Russia CIS* exports to 1

The Organic Meat Company Limited

The Organic Meat Company – Export Destinations

Export Destinations

Companies Iraq Kuwait Oman Qatar KSA Afghanistan UAE Bahrain Egypt Malaysia Vietnam Myanmar HK Maldives CIS
TOMC √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
AL SHAHEER CORP X √ √ √ √ √ √ √ X X X X X X X
PK LIVESTOCK X √ √ √ √ √ √ √ X X X X X X X
ZENITH ASSOCIATES X √ √ √ X √ √ √ √ √ X X X X X
TAZIJ MEAT & FOODS X √ √ √ √ √ √ √ X X √ X X X X
KATCO INTERNATIONAL X √ √ √ X √ X X X X X X X X X
SEVEN STAR MEAT CO X √ √ √ X √ √ X √ X √ X X X X
TATA MEAT CO √ √ √ √ X √ √ X √ √ √ X X X X
FAUJI MEAT CO X √ √ √ X √ √ X √ X √ X X X X

The most important aspect of meat export business is the destinations where a Company is allowed to export
TOMCL has the largest market access from Pakistan and is working to add China, Russia and other CIS Countries
Pakistan and Chinese governments are currently finalizing the food protocols
Based on its existing relationships with Chinese meat importers TOMCL expects to become the 1st company from Pakistan to export to China
Upon opening of the Chinese market, TOMC foresees catering to a large portion of demand by capitalizing its existing connections &
infrastructure as well as product base
Being the only sector player providing fresh, chilled, vacuum packed product via sea, it is expected that TOMC’s pricing will be better than
others owing to freight arbitrage

The Organic Meat Company Limited

The Organic Meat Company – Board of Directors
Mr. Khan is the founder of Zultec Group and Nawat Al Madinah Food Industries, whose affiliate business enterprises are spread across
Pakistan, Middle East, Canada, United Kingdom and United States. Mr. Khan also chairs the boards of several group operating
companies with interests in Information Technology, Packaging, Retail Management & Technologies, Supply Chain Management,
Industrial Process & Food Processing. He has been on the board of several Companies and non profit platforms such as Fine Foods Co.
Ltd, ASG, Pakistan Executives Group, Jeddah Chamber of Commerce, Avery Dennison and Saudi Brothers Commercial Co. Ltd.
Mr. Khan has consistently featured every year in “Top 100 CEOs of Pakistan”, by CEO Club Pakistan. He has also been accredited as the
Zulqiurnain A. Khan “Most Admired Business Leader” award by Jeddah Chamber of Commerce & Industries and awarded “Best Retail Technology Leader”
Chairman award by Retail ME
Mr. Khan holds a degree in Mechanical Engineering and has also done his MBA in Retail & International Business from Renowned
universities in the US. Currently, Mr. Khan is appointed as Chairman of Utility Stores Corporation of Pakistan.

Mr. Hussain has 21 + years of experience in the sheep casings (offal processing) industry and 10 years experience in the meat processing
industry. He is the founder shareholder / director & CEO of TOMCL. Mr. Hussain holds an MBA from Institute of Business Administration
(IBA) and a MBA Finance from Cardiff Business School, University of Wales, UK.
Mr. Hussain is part of the fourth generation in the industry of Animal Offal with processing units in Karachi, Lahore, and Multan. His family
business has been receiving best export performance trophies from the Federation of Pakistan Chambers of Commerce and Industry
(“FPCCI”) for 15 years in the past. He has also been in the business of retail food outlets in Karachi for 09 years.
Faisal Hussain
Chief Executive He entered the meat business in 2009 with a vision to introduce innovations into a extremely traditional business line. He brought new
concepts in the industry of further adding value to the fresh meat by offering boneless Frozen and Fresh Boneless Vacuum Packed meat
by extending shelf life of the same product, to be able to cater to many far off destinations, for which the Company, is one of the very few
in Pakistan having approvals to export. The same experience and vision has led the Company to be the only entity in Pakistan to process
offal of beef animals and have developed an increasingly growing market in the last one year due to his direct access for years with
various offal suppliers and processors in many countries. He has already taken a single product offering company in 2011 to a multi-
product offering Company by 2015/16.
The Organic Meat Company Limited
The Organic Meat Company – Board of Directors Profiles
Mr. Hussain is responsible for Operations and Business Development. He has been part of the management team since inception and
spearheads the plant operations. Mr. Hussain holds a BSc in Economics from Lahore University of Management Sciences (LUMS). He
has been into food business and was handling food services for notable organizations like DHL, ENI, HBL, Reckit & Benckiser, Starcom,
Tetra Pack, German Consulate, etc. He has been instrumental in getting approval for supplies in several countries and has played
important role in expanding operations of TOMC
Ali Hussain
Chief Operating Officer

Mr. Nihal F. Cassim serves as the Chief Executive Officer of Ubiquity Trading Limited. Mr. Cassim was previously responsible for Asian
Stocks Fund Limited. He serves as a Non-Executive Director of Ferozsons Laboratories Ltd. He has been an Independent Director at
Pakistan Oilfields Ltd. since June 20, 2011. He also serves as a Director of Mutual Funds Association of Pakistan. Mr. Cassim holds an
MBA degree in Finance and MIS from McGill University.

Nihal F. Cassim
Independent Director
Mr. Salman Hussain is the Director and CEO Lucky Foods Pvt Ltd. He established this dairy company in 2015 with Younus Brothers
Group. He has a strong vision on Food related businesses in Pakistan, both for exports and local markets. Besides dairy farming,
backward integration in agriculture and animal husbandry is a major focus areas at Lucky Foods.
Salman Hussain worked for Citibank N. A for 15 years and left Citibank Pakistan in 2014 as Director and Country Head Global
Transaction Services for Pakistan and Afghanistan.
Salman Hussain Salman started his career with the consumer bank as a relationship manager. He rose through the ranks and served as branch manager,
Independent Director area manager, product head and branch banking head for Citi in Pakistan. Before moving to the corporate bank in 2011, Salman looked
after consumer bank as a Retail Bank Head.
As his first job Salman was associated with the Automobile industry. For 3 years he worked for Ghandhara Nissan Ltd as a product
manager. Salman is an IBA graduate and graduated from IBA in 1996.
The Organic Meat Company Limited
The Organic Meat Company – Board of Directors Profiles
Mr. Punjwani is a Chartered Accountant and holds around 25 years of working experience. Currently he is a Fund Manager at RAY
Securities and is also on TOMC’s board as an Independent Director. Prior to that he was Director and Chief Operating Officer at Sindh
Gas where he was primarily responsible to implement projects.

Previously, Mr. Punjwani has led the Investment Banking department of one of the Largest Bank of Pakistan – National Bank of Pakistan
(NBP) where he gained rich experience of handling debt and equity transaction of large ticket size.
Rizwan A. Punjwani
Director
Mr. Owais Zaidi is on board of TOMC as an Independent Director. He holds a BBA (Honors) in Finance and also an MBA degree from
Institute of Business Administration (IBA), Karachi. He has a diversified exposure to various industry verticals and business domains. He
is Founder & CEO at Credit Fix – Pakistan’s first credit market place, Co- Founder & Principal Consultant at Infinitum Innovations,
Charter Member at Open Islamabad – an NGO and also a board member of Pakistan Innovation Foundation. Prior to that Mr. Zaidi has
been associated with several tech companies playing key management roles.

Owais Zaidi
Independent Director

Ms. Sehrish holds a BSc in Philosophy and Economics from London School of Economics. Her experience includes Valuation of different
companies through different valuation techniques like discounted cash flow techniques, comparable and other approaches. She has
good understanding of the business models and also strategically involves in various parts for running the business successfully. She
also worked on various growth advisory reports.

Sehrish Hafeez
Independent Director

The Organic Meat Company Limited

The Organic Meat Company – Investment Rationale
Offal Business – No Competition
TOMCL is the only Company to include
offal in it’s product portfolio. This is a high
margin product in this industry and
TOMCL has an established customer-
base with unfulfilled demand. Eyeing
this, sponsors are setting up 2 offal
processing facilities in Karachi
Largest product range
TOMCL can supply a wide variety of
products to suit the client needs.
For the offal product, TOMCL is the only
player in Pakistan and is also purchasing
from European market for re-export to far
eastern countries
Hedge against devaluation of PKR
Being export based, the business is
conducted in US$, hence providing a
natural hedge against PKR devaluation
Alternative Transport Channel
TOMCL is the only sector player allowed
to export to UAE and KSA via sea. This
significantly lowers the cost of
transportation in comparison to
competitors and also enables greater
market access
Greatest Market Access
TOMCL has the greatest market access
within the Pakistani meat exporters.
Pakistan’s meat industry is
predominantly focused towards the ME
while TOMCL has targeted not only Far
East but also Eastern European
countries
Sponsors’ Expertise & Network
TOMCL sponsors are 4th generation into
this business, having first started back in
1932. This provides the Company with
an unparalleled outreach in the
international market since the sponsors
maintain decades old relationships with
major players internationally
The Organic Meat Company Limited
The Organic Meat Company – Product Line

Vacuum Pack Vacuum Pack

Chilled Beef Chilled Mutton Frozen Beef Frozen Mutton Frozen Beef Frozen Mutton Frozen/Chilled Beef/Sheep
Companies Beef/Mutton Beef/Mutton
Bone-in Bone-in Boneless Boneless Bone-in Bone-in Offal Casings
Carcass Boneless

TOMC          

AL SHAHEER CORP   x x x x x x x x

PK LIVESTOCK   x x x x x x x x

ZENITH ASSOCIATES     x x x x x x

TAZIJ MEAT & FOODS     x x x x  x

KATCO INTERNATIONAL   x x x x x x x x

SEVEN STAR MEAT CO     x x x x x x

TATA MEAT CO     x x x  x x

FAUJI MEAT CO       x x x x

Largest product line in Pakistan allowing greater market access as well as flexibility in procurement

The largest active frozen, deboned facility, enabling greater market access since most destinations do not allow boned meat due to Foot to
Mouth Disease (“FMD”) in Pakistani cattle

TOMCL is also an approved supplier to Americana, one of the largest meat processors in the region and several other food processors

The Organic Meat Company Limited

The Organic Meat Company | Growth Drivers

The only meat exporter in Pakistan dealing in the

TOMC intends to enhance the existing export of Offal. Eyeing the huge Chinese demand and
coverage to its major customers and Offal higher margins, the Company plans to open a Local
expand the export base. Potential new Processing Offal production facility at Karachi
markets in immediate future include CIS Facility
region, China and Russia

Plans to enter into ready to eat

New Export Processed
Markets Food products (Retort technology).
GROWTH
DRIVERS

Facility in Also aims to set up a new Facility at

Expanding Karachi Export Processing Zone and
TOMC plans to expand its product portfolio Export
product
by introducing a new product segment Processing capitalize on Duty-free import of raw
base
Zone
material for processing and re-exports

The Organic Meat Company Limited

TOMCL is a value added player
FACILITY: PROCESSING:
The Organic Meat Company Limited Al-Shaheer Foods Companies TOMC ASC
40 heads per hour Frozen Beef Boneless  X
60 heads per hour for bull/cow/buffalo
Slaughtering Capacity 120 heads per hour for Frozen Mutton Boneless  X
120 heads per hour for goat/sheep
goat/sheep
Frozen Beef Bone-in  X
Chilling Capacity 75 tons per day 80 tons per day
Freezing Capacity 250 tons per day Does not have facility Frozen Mutton Bone-in  X
Blast Freezing Capacity 60 tons per day Does not have facility Vacuum Pack Beef/Mutton
 X
Vacuum Packaging Capacity 20 tons per day Does not have facility Boneless
Vacuum Pack Beef/Mutton
PROCUREMENT:  X
Carcass
Process Frozen/Chilled Offal  X
Boneless
Meat Fresh Boneless Food Beef/Mutton
Chilled Meat Market Frozen Beef/Sheep Casings  X
Segments Vacuum Market Boneless Offal Market
Market Chilled Beef Bone-in  
Meat Market
Market Chilled Mutton Bone-in  
Served by Chicken X 
Weight Upto 130 Kg Upto 130 Kg Over 150 Kg Over 200 Kg Any Over 150 Kg • TOMCL is a value added segment player whereas
Upto 30 ASC & other Pakistani meat exporters deal in basic
Age Upto 30 Months Upto 36 Months Any Any Any meat products
Months
• Freight arbitrage (Sea Route) gives the Company a
Male Animal Male Animal Bull, Cows &
Gender Any Any Any major advantage since costs are around 1/3rd
(Bulls) (Bulls) Buffalo compared to air-lifting
The Organic Meat Company Limited
The Organic Meat Company | Utilization of Proceeds

Utilization of Proceeds from IPO Amount (PKR)

Facility (12K Sq Ft) at EPZ with Chillers & Freezers 104,448,556 14.51%
Establishment of Offal processing facility including Cold Chain Facility with Chillers &
167,200,000 23.22%
Machinery - Korangi, Karachi
Working Capital and Product line expansion 448,351,444 62.27%
Total Utilization of IPO Proceeds 720,000,000 100.00%

NEW PRODUCTION FACILITY BUSINESS EXPANSION NEW EXPORT MARKETS

EPZ – dedicated offal processing facility including cold chain
(14.51%)
Korangi – 12,000 sq ft including cold chain (23.22%)
Working Capital & Product line expansion (62.27%)
TOMCL’s current product and business requires additional
cash to further spur growth. This would entail investment
into the offal business as well as meat business
TOMCL intends to stay ahead of the curve and initiate
trade into already licensed but inactive markets
Chinese market is soon expected to open up for
Pakistani food producers, this market alone requires
hefty investment

The Organic Meat Company Limited

The Organic Meat Company | Utilization of Proceeds

In Europe beef offal sold by slaughter houses goes through a process which is proven to
be inefficient due to post processing weight reduction Offal Exports to Vietnam & China

On the contrary, TOMC plans to use a process which will not only retain the actual Import EXPORT
weight of beef offal but also will meet the requirement of customers, thereby will
PROCESSING ZONE
generate higher yield
Post IPO, TOMC will be able to import beef offal from Europe to Export Processing Process &
Zone, Pakistan “EPZ” having them specifically treated as per TOMC’s requirement in Re-Export
order to effectively run its process
The beef offal will then undergo a process and will be re-exported to Vietnam
In Pakistan, TOMC will also purchase beef offal from local slaughter houses/meat Various Local
processing companies and run their specialized process to export it to Vietnam TOMC – Korangi
Slaughter Import Unit
TOMC has lined up 8 suppliers of beef offal for future import from Romania, Austria, Italy Houses
France and Germany
Once Government of Pakistan establishes food protocols with China, TOMCL will also
supply offal products directly to China
Process &
Export

The Organic Meat Company Limited

The Organic Meat Company | Comparable Valuation Matrix

Based on FY19 Based on HYFY20 (Annualized)

TOMC Pre-IPO ASCd TOMC Pre-IPO ASCd
Price 18.00a 10.18b 18.00a 10.18b
No. of Shares outstanding (Mn) 71.82 199.96e 71.82 199.96e
Earnings (Mn) 217.97 213.47c 283.77 54.02c
Book Value (Mn) 1,621.11 4,602.28c 1,763 4,629.29c
Sales (Mn) 2,577.52 4,188.67 3,440 3,118.88g

EPS - Earnings Per Share 3.04 1.07 3.95 0.27

BVPS - BV Per Share 22.57 23.02 24.55 23.15
SPS - Sales Per Share 35.89 20.95 47.89 15.60

Price to Earning (x) d 5.93 9.51 4.56 37.70

Price to Book Value (x)d 0.80 0.44 0.73 0.44
Price to Sales (x)d 0.50 0.49 0.38 0.65
Note: above data for TOMCL is based on FY19 Audited Financials
a Floor Price
b Market Price as at April 17, 2020
c Attributable to Owners of the Holding Company
d Market Multiples are based on Consolidated Accounts where available
e Number of shares of ASC have been adjusted for 40.70% right issue

The Organic Meat Company Limited

The Organic Meat Company | DCF Valuation Summary

WACC
Risk free rate 10.00%
Risk premium 6%
Equity Beta 1
FLOOR PRICE: PkR 18 Per Share
Cost of equity 16.00%

FLOOR PRICE AT
KIBOR 11.88% TERMINAL GROWTH
DISCOUNT OF
Average Mark-up (Long +Short) 2.25%
4% 50.2%
Effective Tax 11.36%
Cost of Debt (After Tax) 12.52%

Debt %age 18%

Equity %age 82% FAIR PRICE OF PKR 36.13 / Sh
THE ORGANIC MEAT COMPANY LIMITED
WACC 15.38%

The Organic Meat Company Limited

The Organic Meat Company | FY19 Net of IPO Expenses & Revaluation

The Organic Meat Company Limited 2019 A

Profit and Loss - PKR 2019 A Net of Revaluation & IPO
Related Expenses Total Depreciation Expense FY19
Sales 2,577,518,290 2,577,518,290
With Revaluation PKR 122,884,349
Cost of Sales (2,169,855,773) (2,114,026,386)
Gross Profit 407,662,517 465,299,426 Without Revaluation PKR 58,843,339
GP Margin 15.82% 18.05%
Administrative Expenses (53,550,761) (37,721,660)
-2.08% -1.46%
Selling Expenses (136,167,023) (136,167,023) IPO Related Expenses
Administrative & Selling Expenses (189,717,784) (173,888,683)
Incurred in FY19 PKR 9,425,000
-7.36% -6.75%
Operating Profit 217,944,733 291,410,743
Operating Margin 8.46% 11.31%
Finance Cost (71,072,279) (71,072,279)
Other Expenses/ Income – net 118,554,635 118,554,635
Profit Before taxation for the year 265,427,089 338,893,099
10.30% 13.15%
Taxation (47,456,933) (47,456,933)
Profit After Taxation for the year 217,970,156 291,436,166
NP Margin 8.46% 11.31%
EPS 3.04 4.06
No. of Shares 71,817,777 71,817,777

The Organic Meat Company Limited

The Organic Meat Company | Historical Income Statement
PKR in Millions FY15 A FY16 A FY17 A FY18 A FY19 A 9MFY2020 (A)*
Sales 962.25 1,203.43 921.90 2,052.93 2,577.52 2,466.41
Cost of Sales (848.95) (1,000.67) (762.68) (1,746.66) (2,169.86) (1,974.56)
Gross Profit 113.30 202.76 159.22 306.27 407.66 491.85
Administrative and Selling Expenses (66.47) (57.90) (51.10) (61.89) (189.72) (146.48)
Operating Profit 46.84 144.85 108.11 244.38 217.94 345.37
Finance Cost (32.30) (39.48) (36.58) (57.20) (71.07) (66.44)
Other Income/Expense 38.41 (5.03) (16.67) (30.42) 118.55 (68.26)
Profit Before taxation for the year 52.94 100.34 54.86 156.76 265.43 210.67
Taxation (7.65) (11.26) (1.28) (13.48) (47.46) (12.98)
Profit After Taxation for the year 45.30 89.08 53.58 143.28 217.97 197.69

NP Margins
9.00% 8.46%
8.03%
8.00% 7.40%
6.98% Owing to a diversified product line and multiple export
7.00%
6.00%
5.81% destinations, TOMCL has maintained a higher than industry net
5.00%
4.71% margin
4.00%
3.00%
2.00%
1.00%
0.00%
2015A 2016A 2017A 2018A 2019A 9MFY2020

The Organic Meat Company Limited

The Organic Meat Company | Historical Balance Sheet
PKR in Millions FY15 A FY16 A FY17 A FY18 A FY19 A 9MFY2020
Share Capital and Reserves
Issued, Subscribed and Paid-up Capital 1.00 1.00 1.00 100.00 718.18 718.18
Unappropriated Profits 242.28 331.37 384.95 528.22 309.88 555.31
Advance Against Issue of Shares 211.96 211.96 211.96 148.83 - -
Revaluation of property, plant and equipment – net - - - 636.28 593.06 545.31
Total Equity 455.24 544.33 597.91 1,413.33 1,621.11 1,818.81
Non- Current Liabilities
Loan from Directors - - - - - -
Long term Loans 103.40 82.22 90.04 41.63 4.14 -
Deferred tax liability – net - - - 16.62 11.00 6.16
Total Non- Current Liabilities 103.40 82.22 90.04 58.25 15.13 6.16
Current Liabilities
Trade and other payables 62.33 73.94 207.12 138.99 217.77
35.55
Accrued mark-up 11.30 8.17 15.91 21.86 20.46
Current Portion of Long Term Debt 36.23 31.54 21.21 57.97 47.39 17.66
Short term running finance against markup arrangement 300.00 497.48 547.84 572.72 718.66 702.72
Taxation – net - - - 7.32 5.42 0.13
Total Current Liabilities 371.78 602.65 651.16 861.04 932.31 958.75
Total Liabilities and Equities 930.43 1,229.21 1,339.11 2,332.62 2,568.56 2,783.72
Fixed Assets 557.63 574.59 545.80 1,257.01 1,245.40 1,235.82
Current Assets
Stock in Hand 66.12 150.67 131.99 130.69 201.05 227.38
Trade Debts 201.51 271.55 356.29 849.37 823.86 832.49
Loans and advances 74.56 207.01 272.41 79.87 293.08 485.77
Deposits and prepayments 8.20 4.06 - - - -
Advance taxation – net - 16.79 13.43 - - -
Cash and Bank Balances 22.42 4.53 19.18 15.68 5.17 2.26
Total Current Assets 372.80 654.62 793.31 1,075.62 1,323.16 1,547.90
Total Assets 930.43 1,229.21 1,339.11 2,332.62 2,568.56 2,783.72
The Organic Meat Company Limited
The Organic Meat Company | Post Corona Performance

Since the start of the COVID-19 related international lock down,

the Company’s sales have not been affected
One of the main reasons for this is the fact that TOMCL is the
only exporter of meat from Pakistan which is allowed to utilize the
sea route for export to KSA
Although the road route was also closed (CIS exports), however
the additional orders through sea route (UAE) compensated for
the loss of business.
This has in fact worked to the Company’s benefit since meat
remains an essential item for ME market
During the period starting 20th March 2020 till 31th May (72 days),
the Company exported product worth PKR 640 million

The Organic Meat Company Limited

Thank You!

The Organic Meat Company Limited

Disclaimer
This Presentation / Document / Investment Document /Financial Model has been prepared in respect to the Initial Public Offer (“IPO” or the “Transaction”) of 40,000,000 ordinary shares of The Organic Meat Company
Limited (“TOMC” or the “Company”).

The Company has appointed Topline Securities Limited (“TSL”) and Intermarket Securities Limited to act as Joint Consultants to the Issue (“Joint Consultants”) while AKD Securities Limited (“AKD”) has been appointed as
Book Runner (“BR”) for the above mentioned Transaction.

The information contained in this Presentation / Document / Investment Document / Financial Model has been provided by The Organic Meat Company Limited to assist prospective investors in proceeding with further
analysis of the IPO opportunity. Whilst all attempts have been made to verify the information contained therein and to ensure that the information is accurate and complete in all material respects, the Joint Consultants, or any
of its affiliates or subsidiaries do not make any representations or warranties, express or implied as to the accuracy, adequacy, reasonableness or completeness of such information. Nothing contained in this Presentation /
Document / Investment Document / Financial Model is, or should be relied upon as, a promise, guarantee or representation of the future outlook of the Company or the financial and/or economic climate of Pakistan. The Joint
Consultants shall not bear liability for any statement, opinion, information, statistics, representations or matters expressed or implied arising out of, contained in, or derived from, or for any omissions in, this Presentation /
Document / Investment Document or any other written or oral communications transmitted to any participant or any other recipient in relation to the Company or the Transaction (detailed in this Presentation / Document /
Investment Document/ Financial Model).

The Joint Consultants expressly disclaims any and all the liability that may be based on any inadvertent errors or omissions from, or mistakes in assumptions with respect to any information, estimates or projections contained
in this Presentation / Document / Investment Document / Financial Model or any other written or oral communication transmitted to any prospective participant in the course of its evaluation of the possible investment
opportunity.

Each potential investor is responsible for obtaining its own independent professional advice in relation to the Transaction and for conducting their own independent due diligence and appraisal of the financial condition, affairs
or credit worthiness of the Company. The Joint Consultants expressly do not undertake to review the financial condition, affairs or credit worthiness of the Company during the life of the Transaction.

The information contained herein is submitted to the participants on a strictly and permanently confidential basis. By accepting a copy of this Presentation / Document / Investment Document / Financial Model, the participants
agree that neither it nor any of its employees nor its advisors shall use the information for any purpose other than deciding whether to proceed with further analysis of this Transaction and shall not divulge such information to
any other party. The participant shall ensure that their associated or affiliated companies, employees, servants, agents, and advisors keep confidential all information, data or documents pertaining to the Company and the
Transaction which is disclosed to it or which comes within its knowledge. This Presentation / Document / Investment Document / Financial Model may not be photocopied, reproduced, shown, copied in any manner,
whatsoever, used, permitted to be used or distributed, whether directly or indirectly, to others without the prior written consent of the Joint Consultants.

Prospective participants should not construe this Presentation / Document / Investment Document / Financial Model as legal or tax advice and should be aware that the Company and the Joint Consultants cannot and will not
provide legal or tax advice. Prospective participants should conduct their own due diligence and analysis of the business, data and transactions described herein. Additional detailed information can only be made available
upon request and execution of a Non-Disclosure Agreement.

The Organic Meat Company Limited