Sakrand Sugar Mills Ltd. · PSX:SKRS
Sakrand Sugar Mills — FY2023 Earnings Presentation
21 slides from Sakrand Sugar Mills's earnings presentation, Jan 26, 2024
Slide 1: Corporate Briefing Session
i onal SAKRAND SUGAR MILLS LIMITED Corporate Briefing Session January 26, 2024
Slide 2: Corporate Briefing Session – Financial Year 2023
Corporate Briefing Session – Financial Year -2023 You are Cordially Invited to the Corporate Briefing Session Of Sakrand Sugar Mills Limited (SSML) wherein the Company’s Senior Management shall Present the Company’s Financial performance and outlook. Presented By Mr. Muhammad Imran Akber Mr. Shams G
Slide 3: 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 Sakrand Sugar Mills Limited {"Sakrand Sugar Mills”} solely for information purposes. No representation or warranty express or imp
Slide 4: Contents
Contents 1.Company Overview 2. Business & Financial Analysis 3. Financial Results & Overview 4. Operating Results & Overview 5. Auditors’ Report & Future Outlook 6. Key Factor to be considered 7. Question & Answer
Slide 5: Company Information
Company Information BOARD OF DIRECTORS CHIEF EXECUTIVE OFFICER Mr. Saleem Zamindar Chairman / Director Mr. Mansoor Afzal Subzwari Mr. Dinshaw H. AnKlesaria Director CHIEF FINANCIAL OFFICER Mr. Shams Ghani Director Mr. Shams Ghani Miss. Sadia Moin Director COMPANY SECRETARY Mr. Muhammad Saleem Mangri
Slide 6: Introduction
INTRODUCTION Sakrand Sugar Mills Limited was incorporated in Pakistan as a public limited company under the Companies Ordinance, 1984 [Repealed with the enactment of Companies Act, 2017], on March 02, 1989 and its shares are quoted on Pakistan Stock Exchange. The registered office of the Company is
Slide 7: About the Economy & Industries
ABOUT THE ECONOMY & INDUSTIRES According to the Economic Survey of Pakistan 2022/23, agriculture sector contributed 22.90 percent towards the national GDP growth rate. Sugar industry being the second largest agro-based industry posted 1.55 percent growth towards agriculture sector’s contribution in
Slide 8: Business & Financial Analysis
BUSINESS & FINANCIAL ANALYSIS The Company’s primary business activity is production and sales of Sugar with Molasses as the by product. The Company has also installed a Compost Fertilizer plant in the year 2018 to process another very low ended by- product i.e. Mud to convert into Compost Fertilizer
Slide 9: Financial Highlights
SAKRAND SUGAR MILLS LIMITED Financial Highlights
Slide 10: Financial Results & Overview
FINANCIAL RESULTS & OVERVIEW The key financial figures of the Company for the year ended September 30, 2023 along with the comparatives for the corresponding year are summarized as under: Rupees in million Description 2022-2023 2021-2022 Sales - net 2,626.59 3,995.00 Cost of sales (2.529.46) (4,071.
Slide 11: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS FY-23 Sales 2.26 Billion Revenue FY-22 3.95 Billion FY-23 Gross Profit / 97.13 Million (loss) FY-22 (76.95) Million FY-23 Net (156.06) Million Profit / (loss) FY-22 (297.85) Million
Slide 12: Operational Highlights
SAKRAND SUGAR MILLS LIMITED Operational Highlights
Slide 13: Operating Results & Overview
OPERATING RESULTS & Overview The Operational Performance for the period under review as compared with that last year’s corresponding period is tabulated hereunder; ..........Season......... ... 2022-2023 2021-2022 Season Started on 26-Nov-22 19-Nov-21 Season Duration Days 80 127 Operational Days Day
Slide 14: Last Six Years Production & Sales Trend of Sugar
SAKRAND SUGAR MILLS LIMITED Last Six Years Production & Sales Trend of Sugar QUANTITY IN METRIC TONS 60,000 53,633 51,069 50,000 36,601 40,000 301 30,136 28,421 30,000 25,716 19,453 20, 19,266 10,000 ‘iq 7 2023 2022 2021 2020 2018 m™Sold Produced
Slide 15: Last Six Years Production & Sales Trend of Molasses
SAKRAND SUGAR MILLS LIMITED Last Six Years Production & Sales Trend of Molasses QUANTITY IN METRIC TONS 30,000 25,983 24,500 25,000 22,040 19,435 20,000 15,000 12,330 10,093 10,000 5,000 7 2023 2022 2021 2020 2019 2018 Sold = Produced
Slide 16: Sucrose Recovery %
SAKRAND SUGAR MILLS LIMITED Sucrose Recovery % RECOVERY % 11.00 11.00 10.80 10.50 10.22 9.95 10.00 9.67 9.44 9.50 9.00 8.50 2023 2022 2021 2020 2019 2018 Recovery
Slide 17: Molasses Recovery Percentage
N wo bu Oo SAKRAND SUGAR MILLS LIMITED 4.89 2023 Molasses Recovery Percentage % 6.48 4.90 a 4.54 2022 2021 2020 2019 Recovery % 5.50 2018
Slide 18: Auditors' Report & Future Outlook
AUDITORS’ REPORT As regards to the adverse opinion by the Auditors as to Going Concern, it may be mentioned that despite of stringent un favorable conditions faced by the industry in general and as an entity in particular, the Company has successfully managed to restructure its' long term debts with
Slide 19: Key Factor to be Considered
KEY FACTOR TO BE CONSIDERED High Procurement Cost of Sugarcane Increase in Minimum Support Price by Provincial Government Efficiency Improvement Measures Inconsistent Changes in Government Policies Interest Rate
Slide 20: Question & Answer Session
QUESTION & ANSWER SESSION
Slide 21: Slide 21