Cherat Packaging Limited · PSX:CPPL
Cherat Packaging — FY2023 Earnings Presentation
13 slides from Cherat Packaging's earnings presentation, Nov 17, 2023
Slide 1: Analyst Briefing
ANALYST BRIEFING (Via Zoom) Date: Friday, 17 November, 2023 Time: 3:30 PM
Slide 2: Disclaimer
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 Cherat Packaging Limited (CPL) solely for information purposes. No representation or warranty express or implied is made thereto, and no rel
Slide 3: The Founder – Late Mr. Ghulam Faruque (CIE, HPK, OBE)
A N A L Y S T B R I E F I N G THE FOUNDER – LATE MR. GHULAM FARUQUE (CIE, HPK, OBE) • A visionary and highly respected name in industry circles • Spearheaded development of Pakistan’s industry and laid the foundation of country’s industrialization. HONOURS CONFERRED • Office of the Order of the Brit
Slide 4: Group Structure
GROUP STRUCTURE A N A L Y S T B R I E F I N G Faruque Pvt. Limited Parent Company
Slide 5: Vision and Mission Statement
VISION ANALYST BRIEFING GHULAM FARUQUE, GROUP “74 PACKAGING YOUR FUTURE,, MISSION STATEMENT NURTURE PURSUE INNOVATE TO BE THE HIGH STRATEGIC RELENTLESSLY PREMIER PACKAGING PERFORMANCE TEAMS COLLABORATIONS COMPANY OF PAKISTAN SUPPORT OUR COMMUNITIES MAINTAIN UPHOLD PROVIDE UNRIVALLED REDUCE WORLD CLA
Slide 6: Journey at a Glance
JOURNEY AT A GLANCE 1992 CCherat Packaging Limited started production with ‘one Tuber and one Bottomer having installed ‘capacity of 60 milion papersacks per annum. ° 1996 Ld isalegangenteme 199g ae QMS Certificate. 2003 ‘Added 2nd Tuber to the production line and thus increasing the total productio
Slide 7: Our Product Lines
A N A L Y S T B R I E F I N G OUR PRODUCT LINES • FLEXIBLE PACKAGING MATERIAL • KRAFT PAPER BAGS • POLYPROPYLENE BAGS
Slide 8: Main Events FY 2022-23
MAIN EVENTS A N A L Y S T B R I E F I N G FY 2022-23 • Decrease in cement demand • Increase in raw material cost • Major devaluation of Pak Rupee • Increase in discount rates by SBP • Restriction on imports by SBP • Upward spiral trend of energy cost and POL products • Increase in Super tax rate • S
Slide 9: Statement of Profit or Loss
A N A L Y S T B R I E F I N G STATEMENT OF PROFIT OR LOSS 2023 2022 Variance % ------------------- Rupees in '000 ------------------- Revenue 16,554,262 13,502,519 3,051,743 22.60% Cost of goods sold (13,277,189) (11,187,790) (2,089,399) 18.68% Gross profit 3,277,073 2,314,729 962,344 41.57% Selling
Slide 10: Performance Trend
A N A L Y S T B R I E F I N G PERFORMANCE TREND Revenue Net profit 18,000 1,000 16,554 886 908 855 16,000 800 711 14,000 13,503 Rs. in Million Rs. in Million 600 563 12,000 11,255 400 10,000 9,436 8,093 200 8,000 7,092 70 6,000 - 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023
Slide 11: Key Financial Ratios
A N A L Y S T B R I E F I N G KEY FINANCIAL RATIOS GROSS PROFIT PROFIT BEFORE TAXATION PROFIT AFTER TAXATION JUN 2023 JUN 2022 JUN 2023 JUN 2022 JUN 2023 JUN 2022 20% 17% 10% 10% 5.5% 6.6% EARNINGS PER SHARE INTEREST COVER RATIO DEBT TO EQUITY RATIO JUN 2023 JUN 2022 JUN 2023 JUN 2022 JUN 2023 JUN 2
Slide 12: Future Outlook
A N A L Y S T B R I E F I N G FUTURE OUTLOOK 1. Cement Demand 5. Inflation 2. Realignment of existing business and 6. Government policies expansion strategy 7. Power Cost 3. Exchange rate 8. Export opportunities 4. Discount rates 9. International geo-political impact
Slide 13: Thank You for Your Attention – Q&A
A N A L Y S T B R I E F I N G THANK YOU FOR YOUR ATTENTION Q&A