Amreli Steels Ltd. · PSX:ASTL
Amreli Steels — Investor Presentation (November 2024)
21 slides from Amreli Steels's investor presentation, November 2024
Slide 1: Amreli Steels Limited – Financial Statements for the Year Ended 30 June 2024
AMRELI STEELS LIMITED F I NA NCIA L STAT MENTS F O R T HE Y E A R E ND E D 3 0 J U NE 2024
Slide 2: Economic Highlights
=a Building for Life ~ ECONOMIC HIGHLIGHTS
Slide 3: For the Year Ended 30 June 2024
FOR THE YEAR ENDED 30 JUNE 2024 Improved Current Account Stability in Reserves and position strengthening of PKR Decline in sales volume by 23%: • Demand Compression & Price Competition The positives in 1 & 2 have its • PKR Volatility in 1st Half of FY-24 impacts on aggregated • Election year and Po
Slide 4: Current Account Deficit Summary – July–June 2024
CURRENT ACCOUNT DEFICIT Ex to Imp Months Import Exports Trade deficit Remittance CAD ratio July 4,991 2,706 (2,285) 1,544 (741) 54% August 5,117 3,081 (2,036) 1,884 (152) 60% September 4,834 3,029 (1,805) 1,669 (136) 63% 1Q – FY24 14,942 8,816 (6,126) 5,097 (1,029) 59% Monthly Averages October 5,176
Slide 5: USD vs PKR, Inflation, Interest Rate
USD VS PKR Average PKR during 4Q was 279 (3Q FY24: 280). The dollar went up to 305 during the month of Aug-23. However, after crackdown on smuggling and illegal exchange business PKR has gained its value and its now trading at 280. 12 months (July to June-24) average PKR was 286 Vs 239 same period l
Slide 6: Foreign Exchange Rates
FOREIGN EXCHANGE RATES 350 300 294 300 282 287 285 281 281 280 279 279 279 279 250 Rupees per USD 200 150 100 50 - Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
Slide 7: KIBOR & Policy Rates
KIBOR & POLICY RATES 30.00% 25.00% 23.16% 22.91% 21.98% 21.78% 22.12% 22.26% 21.99% 21.43% 21.62% 21.30% 21.59% 20.63% 20.00% KIBOR 15.00% 10.00% 5.00% 0.00% Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
Slide 8: Financial Performance
a AMRELI STEELS Building for Life FINANCIAL PERFORMANCE
Slide 9: For the Year Ended 30 June 2024
FOR THE YEAR ENDED 30 JUNE 2024 Sales Gross Profit Operating loss 38.78 2.40 0.13 Billion Billion Billion Loss per Bars Sold Net (Loss) share LPS 6.11 (20.56) 174,071 Billion Per share MT
Slide 10: Margins & EPS
MARGINS & EPS Year / FY 24 FY23 4th Qtr. 3rd Qtr. Qtr. FY24 FY24 Gross Profit / 6.19 13.09 (18.17) 7.94 (loss)% Opr. (loss) / (0.34) 8.79 (34.09) 3.14 Profit% Net (Loss)% (15.75) (1.53) (88.77) (4.68) (LPS) (20.56) (2.35) (15.97) (1.76)
Slide 11: Profit or Loss Statement
PROFIT OR LOSS STATEMENT Year ended 30 Year ended Qtr. Ended Qtr. Ended June 2024 30 June 2023 30 June 2024 31 Mar. 2024 Rs. ‘000 % Rs. ‘000 % Rs. ‘000 % Rs. ‘000 % Sales 38,775,737 100 45,492,724 100 5,342,089 100 11,182,624 100 Cost of sales (36,374,311) 93.81 (39,538,794) 86.91 (6,312,544) 118.17
Slide 12: Ratio Analysis
RATIO ANALYSIS UoM FY 24 FY 23 PROFITABILITY RATIOS Gross profit ratio Percentage 6.19% 13.09% Net (Loss) to sales ratio Percentage -15.75% -1.53% Return on equity Percentage -42.9% -4.8% INVESTMENT/ MARKET RATIOS (Loss) per share Times (20.56) (2.35) Interest cover Times -0.03 2.04 TURNOVER RATIOS
Slide 13: Financial Statements
FINANCIAL Mihing ore STATEMENTS
Slide 14: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION 30 JUNE. 2024 30 JUNE 2023 Non-Current Assets ------Rs. ‘000’------ % -----Rs. ‘000’----- % Property, Plant & Equipment 29,955,369 63.96 22,263,497 55.07 Right of use assets 100,238 0.21 135,731 0.34 Intangible assets 3,187 0.01 6,600 0.02 Long term deposits 175,573 0
Slide 15: Equity and Liabilities, 30 June 2024 vs 2023
30 JUNE. 2024 30 JUNE 2023 -------Rs. ‘000’------ % -----Rs. ‘000’----- % Share Capital & Reserves 14,226,002 30.37 14,376,185 35.56 Non-Current Liabilities Long-term finances - 0.00 3,704,899 9.16 Long-term provision - 0.00 5,831 0.01 Loan from related party 124,922 0.27 - 0.00 Deferred taxation 4,
Slide 16: Statement of Cash Flows
STATEMENT OF CASH FLOWS 30 JUNE 2024 30 JUNE 2023 ---Rs.’000--- ---Rs.’000--- Cash generated before working capital changes 974,477 4,913,514 Cash generated from operations 151,315 11,563,827 Income taxed paid (329,302) (821,178) Gratuity paid (54,380) (32,833) Long term deposits and loans – net 18,
Slide 17: Sales and Production
SALES AND PRODUCTION
Slide 18: Sales Analysis
SALES ANALYSIS 4% 1% PROVINCE SEGMENT 8% 3% 3% 3% WISE SALES WISE SALES 12% FY 24 FY 24 59% 74% 33% 3% 7% 2% 7% 3% 9% FY 23 23% FY 23 34% 58% 55% PUNJAB GILGIT- KPK BALOCHISTAN BALTISTAN SINDH CORPORATE GOVERNMENT PFC INDIVIDUAL RETAIL
Slide 19: Production and Capacity Utilization
PRODUCTION AND CAPACITY UTILIZATION PRODUCTION CAPACITY UTILIZATION 250,000 Production 200,000 SRM Capacity 150,000 Production DRM 100,000 Capacity 50,000 Production SMS Capacity - FY24 FY23 - 100,000 200,000 300,000 400,000 500,000 600,000 SMS DRM SRM FY23 FY24 SMS DRM SRM SMS DRM SRM QTY FY 24 (MT
Slide 20: Future Outlook
@F FUTURE OUTLOOK Atuaingr ie * In process Financial Restructuring of the Company * Declining Interest rates * Comparatively PKR stability * Demand for construction material to remain slow in near term due to impacted disposable income and increased taxes IMF monitoring, Fiscal deficit management an
Slide 21: Thank You
THANK YOU
Amreli Steels — Investor Presentation (November 2024) on 6ix