Mirpurkhas Sugar Mills Limited · PSX:MIRKS
Mirpurkhas Sugar Mills — Corporate Update (February 2023)
25 slides from Mirpurkhas Sugar Mills's corporate update, Feb 8, 2023
Slide 1: Corporate Briefing Session notice to Pakistan Stock Exchange
MIRPURKHAS SUGAR MILLS LIMITED > Head Office : Modern Motors House, Beaumont Road, P.O. Box 5379, Karachi-75530, Pakistan. UAN 111-354-111 Tel : (92-21) 35682565-67 - 35682569-70 Fax : (92-21) 35682839 - 35688036 ‘Ghulam Faragne E-mail: [email protected] Group February 1, 2023 The General Manager Pakis
Slide 2: Corporate Briefing Session invitation
Corporate Briefing Session You are cordially invited to the Corporate Briefing Session of Mirpurkhas Sugar Mills Ltd. (MSM) wherein the company’s senior management shall present the company’s financial performance and outlook. Presented by Mr. Wasif Khalid Ms. Hina Mir Director, COO and CFO Company
Slide 3: Corporate Briefing Session, February 08, 2023
CORPORATE BRIEFING SESSION February 08, 2023
Slide 4: Important Disclaimer
IMPORTANT DISCLAIMER THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT. This presentation has been prepared by Mirpurkhas Sugar Mills Limited (“Mirpurkhas Sugar Mills ”) solely for information purposes. No representation or warranty express
Slide 5: The Founder
THE FOUNDER Late Mr. Ghulam Faruque (CIE, HPk, OBE) A Visionary and a highly respected name in industrial circles. Spearheaded development of Pakistan’s industry and laid the foundation for the Country’s industrialization. HONOURS CONFERRED • Office of the Order of the British Empire, 1944 • Compani
Slide 6: Ghulam Faruque Group
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Since its inception, the Ghulam Faruque Group has continuously < strengthened and diversified its lines of operations. Faruque (Pvt.) Ltd is the Parent Company. Details and brief profile of other leading group Fa ruque companies / ventures are as f
Slide 7: Our Values
OUR VALUES RESPECT is our way of life OWNERSHIP is our way to success Live Values Build Culture QUALITY is our legacy FAIRNESS is our way of work
Slide 8: Geographical Presence
GEOGRAPHICAL PRESENCE Peshawar Islamabad Lahore Mirpurkhas Karachi Karachi
Slide 9: The Journey so Far
The Journey so Far Fahad 1965-66 Incorporated in 1964, Mirpurkhas Sugar Mls Ltd started sugar production in February 1968 with an intel cane crushing capacity ‘of 1,500 TCD through DCDS provess, (double carbonation double sulphitation). PJ ~ 2007-08 Plant capacity enfianoed to 5,500 TCD. 2013-14 Pra
Slide 10: Significant Development and Changes
SIGNIFICANT DEVELOPMENT AND CHANGES Following significant developments took place during the year: • The Company has achieved Sucrose Recovery of 10.85%. • During the year 2021/22, the Company contributed approximately Rs.576 million to the national exchequer in the form of taxes and levies. • In or
Slide 11: Significant Development and Changes
SIGNIFICANT DEVELOPMENT AND CHANGES Best Corporate and Sustainability Report Award ICAP, ICMAP for 2018, 2019, 2020 and 2021. The Company secured First position in Best Corporate and Sustainability Report Award in the Sugar sector for 2018, 2019, 2020 and 2021 consecutively, jointly organized by The
Slide 12: Financial Highlights
GHULAM FARUQUE GROUP Production Data Sugarcane crushed (M. Tons) 649,557 Sucrose recovery (%) 10.85 Sugar production (M. Tons) 70,460 Molasses production (M. Tons) 33,080 Sales & Profitability Tumover - net 4,832,646 Cost of sales 4,354,653 Gross profit 477,993 Operating profit / (Loss) 289,386 Prof
Slide 13: Quantitative Analysis of Sugar Industry of Pakistan
QUANTITATIVE ANALYSIS OF SUGAR INDUSTRY OF PAKISTAN INCREASE / 2022 2021 VARIATION DECREASE Sugarcance Crushing (In Million Tons) 79.71 58.60 21.11 36% Sugar Production (In Million Tons) 7.87 5.63 2.24 40% Sugar Consumption (In Million Tons) Approx. 5.85 5.30 0.55 10% Sucrose Recovery 9.87% 9.61% 0.
Slide 14: Quantitative Analysis of the Company
QUANTITATIVE ANALYSIS OF THE COMPANY INCREASE / 2022 2021 VARIATION DECREASE Sugarcance Crushing (Ton) 649,557 488,464 161,093 33% Sugar Production (Ton) 70,460 51,909 18,551 36% Sucrose Recovery 10.85% 10.63% 0.22% 2% No. of Days Mill Operated 124 98
Slide 15: Statement of Profit or Loss
& Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Statement of Profit or Loss For the Year Ended September 30, 2022 2022 | 2021 (Rupees in 000) Turmover - net 4,832,646 3,861,442 Cost of sales (4,354,653) (3,578,666) Gross profit 477,993 282,776 Distribution cost (36,435) (24,474) Administrative
Slide 16: Statement of Financial Position (Assets)
GHULAM FARUQUE GROUP Statement of Financial Position As at September 30, 2022 ASSETS NON-CURRENT ASSETS Property, plant and equipment Intangible asset Long-term investments Long-term loans and deposits Deferred tax asset-net CURRENT ASSETS Stores, spare parts and loose tools Stock-in-trade Biologica
Slide 17: Statement of Financial Position (Equity and Liabilities)
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Statement of Financial Position As at September 30, 2022 2021 EQUITY AND UABIUTIES (Rupees in ‘000) EQUITY Share capital 134,950 134,950 Reserves 2,131,991 2,246,775 Surplus on revaluation of property, plant & equipment 3 844,259 % 3,225,984 NON-CU
Slide 18: Key Financial Ratios
& Mirpurkhas Sugar Mills Limited omancor KEY FINANCIAL RATIOS GROUP Performance indicators Profitability Ratios Gross profit ratio (%) 9.89 7.32 Net profit to sales (%) 4.21 3.63 EBITDA margin to sales (%) 8.40 9.99 Operating leverage ratio (times) 3.18 2.41 Return on equity (%) 6.54 4.35 Return on
Slide 19: Key Financial Ratios
& Mirpurkhas cai rnvacr KEY FINANCIAL RATIOS Sugar Mills Limited Investment/ Market Ratios Earnings per share - basic ** (Rupees) 15.09 10.40 Price earning ratio ** (times) 8.58 9.42 Price to Book ratio (%) 17.09 17.08 Cash Dividend yield ratio (%) - - Dividend payout ratio (%) - - Dividend cover ra
Slide 20: Quantitative Analysis of the Company (For the Quarter)
QUANTITATIVE ANALYSIS OF THE COMPANY (FOR THE QUARTER) INCREASE / Dec-22 Dec-21 VARIATION DECREASE Sugarcance Crushing (Ton) 241,726 226,548 15,178 7% Sugar Production (Ton) 23,405 21,530 1,875 9% Sucrose Recovery 10.06% 10.08% -0.02% -0.2% No. of Days Mill Operated 33 43 Start of Season 29-Nov-2022
Slide 21: Condensed Interim Statement of Profit or Loss
GHULAM FARUQUE GROUP Condensed Interim Statement of Profit or Loss (Unaudited) For the Quarter Ended December 31, 2022 Turnover - net Cost of sales Gross profit Distribution cost Administrative expenses Other operating expenses Other income Operating profit Finance cost Share of profit in associates
Slide 22: Condensed Interim Statement of Financial Position (Assets)
& Mirpurkhas Sugar Mills Limited Condensed Interim Statement of Financial Position As at December 31, 2022 December 31, | September 30 2022 2022 (Unaudited) (Audited) ASSETS Rupees ‘000 NON-CURRENT ASSETS . ’ Property, plant and equipment 6,103,000 5,781,475 Long-term investments 2,018,545 1,698,668
Slide 23: Condensed Interim Statement of Financial Position (Equity and Liabilities)
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Condensed Interim Statement of Financial Position As at December 31, 2022 December 31, | September 30 2022 2022 (Unaudited) (Audited) (Rupees 000) EQUITY AND LIABILITIES EQUITY Share capital 134,950 134,950 Saeerves rath . — : ‘ 3,025,264 2,131,991
Slide 24: Current Issues of the Sugar Industry of Pakistan
CURRENT ISSUES OF THE SUGAR INDUSTRY OF PAKISTAN 1. The Government of Sindh has increased the minimum support price for the season 2022/23 to Rs. 302 per maund as against Rs. 250 per maund for the previous season. This in addition to quality premium will increase the cost of production in season 202
Slide 25: Thank You
> & Mirpurkhas Sugar Mills Limited ‘GROUP Thank You
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