Azgard Nine Limited · PSX:ANL
Azgard Nine — Investor Presentation (November 2020)
16 slides from Azgard Nine's investor presentation, Nov 27, 2020
Slide 1: Azgard Nine Limited Corporate Briefing Session
2020 Azgard Nine Limited Corporate Briefing Session For the Financial Year Ended on June 30, 2020
Slide 2: 2020 Briefing Agenda
2020 Briefing Agenda 01 Company Brief • Plant Location and Capacities • Strength, Weaknesses, Opportunities, Threats (SWOT) Matrix. 02 Developments • Updates for the Year 2019-20 • Creditors’ Scheme of Arrangement 03 Financial results • Six Years at a Glance • Graphical presentation of Financial Res
Slide 3: Plant Capacity Analysis
PLANT CAPACITY ANALYSIS 2020 2019 2018 Open End Spinning: No. of Rotors 3,544 3,304 3,304 Installed Capacity - Kgs. 13,069,503 12,184,435 12,184,435 Actual Production - Kgs. 6,941,355 9,205,399 8,025,873 Capacity Utilized % 53% 76% 66% Ring Spinning: No. of Spindles 54,888 54,888 54,888 Installed Ca
Slide 4: SWOT Analysis
SWOT ANALYSIS Strengths • Increasing demand as seen through growth in Sales from years 2015 to S W Weaknesses • Liquidity issues due to pending DLTL/Sales tax refunds. 2019 on average 22% per year. • Maintaining competitiveness through • Competitiveness issues due to tough cost reduction. Competitio
Slide 5: Updates for the Year 2019-20
Updates for the Year 2019-20 Material Information: July 30, 2019 As communicated to Pakistan stock EOGM - Sale/Disposal of a spinning unit located at Muzaffargarh and a stitching unit at FPR Exchange (PSX) during the year 2019- 20. July 31, 2019 Honorable Lahore High Court verbally Approved Creditor
Slide 6: Updates for the Year 2019-20
Updates for the Year 2019-20 Material Information: April 01, 2020 As communicated to Pakistan stock Temporary suspension in production facilities due to COVID-19. Exchange (PSX) during the year 2019- 20. April 15, 2020 Rs. 365M received through 8.025% Right shares. April 16, 2020 Resumption of Parti
Slide 7: Updates for the Year 2019-20
Updates for the Year 2019-20 Material Information: April 29, 2020 As communicated to Pakistan stock Closing of operations at rented facility of Irfan Textiles due to cancellation/reduction of export Exchange (PSX) during the year 2019- orders. 20. October 01, 2020 Extension in Date for Implementatio
Slide 8: Six Years at a glance – Rs. Million
Six Years at a glance – Rs. Million Sales - net Sales/ Operating Profit/(Loss)/Profit After Tax 25,000 25,000 20,215 20,000 20,000 16,909 15,982 20,215 15,000 13,176 16,909 12,802 15,000 15,982 10,702 10,000 13,176 12,802 10,000 10,702 5,000 2,064 1,423 932 1,027 600 305 115 197 5,000 - 2014-15 2015
Slide 9: Sales Versus Assets
Sales Versus Assets Rs. Million Net Sales Vs. Total Assets Net Sales Vs. Property, Plant & 25,000 Equipment 25,000 22,686 22,981 20,000 19,867 20,215 20,000 18,271 18,690 20,215 15,000 16,909 15,982 12,802 15,000 13,176 16,909 15,982 13,176 12,802 13,169 13,215 13,358 10,000 10,000 13,098 13,194 5,0
Slide 10: Financial Position – Rs. Million
Financial Position – Rs. Million Equity Vs. Current Liabilities Vs. Equity Vs. Long-Term Debt Non-Current Liabilities 9,000 25,000 8,000 7,000 20,000 6,000 15,000 5,000 4,000 7,702 7,818 8,065 8,068 21,272 21,471 10,000 17,620 18,707 3,000 351 2,000 5,000 1,064 1,120 390 842 732 1,120 228 429 1,064
Slide 11: Future Outlook – Creditors' Scheme of Arrangement
Future Outlook – Creditors’ Scheme of Arrangement • Scheme of Arrangement provides for raising of finance to completely/partially pay-off the financial creditors and reprofiling of remaining debt. • These finances will be raised by way of: A) Sale of Two non-core units of the company. B) Issuance of
Slide 12: Future Outlook – Creditors' Scheme of Arrangement
Future Outlook – Creditors’ Scheme of Arrangement As per scheme, the Company’s liabilities and how they are proposed to be restructured are as follows: • Company’s Total Liability: Rs. 17,392,993,398/- (As on 30.06.2017) • Total Amount to be restructure under the scheme: Rs. 13,120,622,467/- • Total
Slide 13: Option "A"
Future Outlook – Creditors’ Scheme of Arrangement Lenders have selected from following three options: Option “A” Lenders will : • Receive 15% of their outstanding principal amount and write-off the remaining 85% principal amount • Receive 10% of their outstanding Mark-up (till the settlement date i.
Slide 14: Option "B"
Future Outlook – Creditors’ Scheme of Arrangement Option “B” Lenders will : • Receive approximately 20% to 30% of their outstanding principal amount within 2 years. A certain %age of their outstanding principal will be converted into Sub PPTFCs with repayment in 10 years with 2 years’ grace period.
Slide 15: Option "C"
Future Outlook – Creditors’ Scheme of Arrangement Option “C” Lenders will : • Receive approximately 20% to 30% of their outstanding principal amount within 2 years. A certain %age of their outstanding principal will be converted into Sub PPTFCs with repayment in 10 years with 2 years’ grace period.
Slide 16: Thank You
2020 Corporate Briefing Session Thank You Questions & Answers