Fazal Cloth Mills Limited · PSX:FZCM
Fazal Cloth Mills — Investor Presentation (October 2023)
18 slides from Fazal Cloth Mills's investor presentation, Oct 28, 2023
Slide 1: Corporate Briefing Session - 2023
Corporate Briefing Session - 2023 Fazal Cloth Mills Limited October 28, 2023 1
Slide 2: 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 Fazal Cloth Mills Limited (FCML) solely for information purpose. • The information contained in this presentation should be cons
Slide 3: Corporate Briefing – Contents
Corporate Briefing – Contents 1. Company Brief 2. Operational Development 3. Financial Results of Year Ended June 30, 2023 4. Question & Answers Session 3
Slide 4: Company Brief
COMPANY BRIEF 4
Slide 5: Company Brief
Company Brief • Fazal Cloth Mills Limited (the Company) was incorporated in Pakistan in 1966 as a public limited company under the Companies Act, 1913 (now the Companies Act, 2017) and its shares are quoted on Pakistan Stock Exchange. • The Company is principally engaged in manufacturing and sale of
Slide 6: Company Brief
Company Brief • The Associated Companies, their shareholding as held by the company and nature of business is below; − Fatima Transmission Company Limited (Operation & maintenance of Transmission lines etc.) Ordinary Shares – Unquoted 24.00% (2022: 24.00%) Non-voting preference shares – Unquoted 30.
Slide 7: Operations / Business
Operations / Business 7
Slide 8: Operations / Business: Brief of Operations
Operations / Business Brief of Operations • The spinning division of the Company comprises of 8 spinning units with installed capacity of 274,524 spindles. All of the spinning units are equipped with state of art Japanese and European machinery. • No. of rotors and MVS (Murata Vortex Spinning) spind
Slide 9: Operations / Business: Brief of Operations
Operations / Business Brief of Operations • Total No. of employees as at June 30, 2023 are 6,927. • Power Plant Capacity is 54.06 Mega Watts. 9
Slide 10: Financial Highlights of Year Ended June 30, 2023
Financial Highlights of Year Ended June 30, 2023 10
Slide 11: Financial Highlights: Profit & Loss
Financial Highlights Profit & Loss for period ended June 30, 2023 Year ended June, 30 Favorable / Rupees in thousand (Unfavorabl e) % 2023 2022 Sales – net 77,696,980 65,406,262 18.79% Cost of sales 67,610,876 54,238,314 24.66% Gross Profit 10,086,103 11,167,948 (9.69%) EBIDTA 8,422,182 10,485,539 (
Slide 12: Turnover - Trend Seven years
Financial Highlights- Profit & Loss Turnover- Trend Seven years 90,000 80,000 77,697 Sales ‐ Rupees in millions 70,000 65,406 60,000 52,132 50,000 40,914 39,714 40,000 33,345 30,000 20,000 10,000 ‐ 2018 2019 2020 2021 2022 2023 12
Slide 13: Segment wise profit and loss account for year ended June 2023
Segment wise profit and loss account for year ended 30 June, 2023 : Spinning ‐ Rs. in million Spinning 71,682 16.60% 15.39% 61,214 11.49% 9.17% 8.57% 0.66% 10,162 8,238 5,245 470 GP to sales ratio EBITDA to sales ratio PBT to sales ratio Sales Gross Profit Profit before Tax Jun‐22 Jun‐23 Jun‐22 Jun‐
Slide 14: Ratios - last six comparative periods
Ratios ‐ last six comparative periods : EPS GP Over Sales ‐ %age 17.07% 181.06 15.36% 153.68 12.98% 12.26% 11.49% 9.61% 51.39 42.55 19.54 (18.98) Jun‐18 Jun‐19 Jun‐20 Jun‐21 Jun‐22 Jun‐23 Jun‐18 Jun‐19 Jun‐20 Jun‐21 Jun‐22 Jun‐23 EBITDA Over Sales‐%age PAT Over Sales‐%age 16.87% 16.03% 10.42% 14.76%
Slide 15: Profit after tax - Trend Seven years
Financial Highlights- Profit & Loss Profit after tax - Trend Seven years profit after tax ‐ Rupees in millions 6,000 5,432 5,000 4,610 4,000 3,000 2,000 1,542 1,277 1,000 586 ‐ 2018 2019 2020 2021 2022 2023 (569) (1,000) 15
Slide 16: Financial Highlights - Balance Sheet at June 30, 2023
Financial Highlights - Balance Sheet at June 30, 2023 2023 2022 Particulars Rs. in Millions Rs. in Millions Non-current Assets 58,857 49,029 Current Assets 48,917 38,514 Total Assets 107,774 87,543 Equity 44,646 40,529 Long-term Liabilities 23,956 20,399 Current Liabilities 39,172 26,615 Total Equit
Slide 17: Future Outlook: Positive factors
Operations / Business FUTURE OUTLOOK Positive factors: • Pakistan is expecting a bumper cotton crop of above 10 million bales. Quality of cotton arriving so for is excellent. Price of cotton is considerably lower than imported cotton. • Worldwide demand for textile products is improving resulting in
Slide 18: Future Outlook: Negative factors
Operations / Business FUTURE OUTLOOK Negative factors: • High interest rates, 6 month Kibor is @ 22.97. • High electricity prices and uncertainty on availability of gas. • Capacity utilization across textile sector remains below 100% pressuring margins. 18
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