On a Date with National Tyre Services

•

I can reduce the cost of running your heavy vehicles by extending the life of its tyres, am an expert 👇. Welcome to On a Date with a listed company on the Zimbabwe Stock Exchange (ZSE) THREAD: On a Date with National Tyre Services (NTS)

#1. History, 1887, John Dunlop is at home enjoying quality time with his son. As he is playing his creative side kicks in. He quickly starts tinkering with rubber. 1888, The serendipity of playing with his son resulted in a patent for pneumatic tyre granted

1889, William Hume, an lrish cyclist and captain of Belfast Cruisers Cycling Club was the first to demonstrate the edge of Dunlop's Tyres. William Harvey du Cros spots a business opportunity in commercialization of the pneumatic tyre thereby persuade John.

1896, The Dunlop Pneumatic Tyre Company is born after Harvey du Cros had cashed out his early investment in promoting the pneumatic tyre. 1900, Dunlop produces its first car tyre and opens a factory in Durban, South Africa 35 years later.

1923, Harvey Samuel Firestone a rubber magnate sends experts to Liberia to test its soil suitability for rubber 1926, Bridgestone's subsidiary Firestone Natural Rubber Company opens up the largest rubber plantation in the world in Harbel, Liberia

1957, Dunlop's South African operations expand to Rhodesia building a factory in Bulawayo on 44 acre industrial site. The site becomes operational after 2 years of construction which at its peak was producing 7000 tonnes of tyres and employing +2000.

1961, NTS is registered under the Companies and Business Entities Act. It benefits from the Dunlop's Bulawayo Factory. 1963, Sumitomo Group of Japan acquired Dunlop Japan which subsequently resulted in control of the Dunlop brand across Africa by Sumitomo.

1969, @ntszim is listed on stock exchange. 1995, Treadmaster a retreading company and new tyre supplier is acquired further entrenching the dominant position of the business. 2006, Indian tyre giant Apollo Tyres acquire Dunlop International,

It is the parent company of NTS's subsidiary Dunlop Zimbabwe which is now Auto Tyres Zimbabwe Auto Tyres Zimbabwe is now controlled by local consortium Zoomway which has bought new modern equipment for tyre manufacturing.

#2. Operations, NTS is in the business of retailing and retreading of tyres, wheel alignment, wheel balancing & related services It supplies a wide range of NEW TYRES for all classes of motor vehicles RETREADING is replacing worn out tread with a new tread.

NTS offers retreading for trucks and bus radial tyres. This is a key pillar of the business which differentiates it from other competing service providers. The main retreading factory is in Harare supported by another in Bulawayo

16 retail outlets operated nationwide supporting a number of leading tyre brands which are, • Dunlop • Bridgestone • Comforser • Aufine • MRL

#3. Competitors, NTS is a leading supplier of tyres in Zimbabwe but the market highly competitive. Apart from established tyre businesses that have proper agent certification from tyre manufacturers there is a grey market

Tiger Wheel & Tyre South African based company with growing operations in Zimbabwe. 8 fitment centres opened Trentyre A business unit of @ZSE_ZW listed Zimplow offers Goodyear tyres and tyre management solutions for the mining, trucking, agriculture sectors

#4. Share price, 10,2 ZWL per share as at December 8, 2022 6,3 ZWL per share on the 3rd of January 2022 18th on ranking in terms of year to date performance on the ZSE 48th most traded stock over the past 3 months to 20/12/2022 253,872,420 issued shares

#5. Shareholding, 34,22% of NTS is held by Merchant Bank of Central Africa (MBCA) Nominees rebranded to Nedbank after purchase by the SA group. The appointing of a nominee shareholder has the advantage of keeping the details of the actual owner private.

12,29% of the business is controlled by a subsidiary linked to Apollo Tyres an Indian based company which bought Dunlop Zimbabwe. However Apollo Tyres sold off its 51% stake in Dunlop Zimbabwe now Auto Tyre Zimbabwe to a local consortium Zoomway.

#6. Management, Benson Samudzimu - MD since January 1, 2020 √ Holds a MSc in Business Management from the University College Cork (Ireland). √ Navigating the business out of treacherous grounds induced by Covid-19 which disrupted supply chains.

#7. Pitch, The increasing number of infrastructural projects across Zimbabwe brings about opportunities, • Relugging tires for earthmoving equipment. A wider branch network compared to other tyre distributors in Zimbabwe. ⬆️ Market share in niche markets,

Each week will be on a Date with a company listed on the ZSE The purpose of this thread is to have a minimum appreciation of listed firms. Disclaimer: Do not misconstrue this thread as investment advise DATE companies before you buy its shares.