Blessed Textiles Limited · PSX:BTL
Blessed Textiles — Bhanero Textile Mills — Investor Presentation (November 2024)
25 slides from Blessed Textiles's investor presentation, November 2024
Slide 1: Bhanero Textile Mills Limited Corporate Briefing Session 2024
1 BHANERO TEXTILE MILLS LIMITED WE EXTEND A WARM WELCOME TO ALL PARTICIPANTS OF THE 2024 CORPORATE BRIEFING SESSION
Slide 2: Disclaimer
2 Disclaimer The corporate briefing session's presentation, created by Bhanero Textile Mills Ltd, is solely meant for the participants' discussion. Any comment, information or representation made during the conversation may not be interpreted by investors or potential investors as advice or a recomm
Slide 3: Table of Contents
3 Table of Contents Preamble Manufacturing Footprints of the Group Corporate Information Economic Outlook Key Performance Indicators Financial Statements Financial Performance Historical Data Question and Answers Thank You Note
Slide 4: Preamble
4 Preamble Established in 1980, the Bhanero Textile Mills Ltd. ("BTM") is a part of the Umer Group Companies ("UGC"). Although the group has a diversified portfolio of businesses, including the retail and manufacturing of footwear, real estate, dairy farming, and the sugar sector, textiles has alway
Slide 5: Group textile entities FY2024 results and challenges
Collectively, these textile entities posted after tax loss of PKR (3,221.764) million (FY 2023:PKR 5 3,991.417) against sales revenue of PKR 109,908.618 million (FY 2023: PKR 80,374.502) for the year ending June 2024 . The group posted a loss of (2.93) percent (Year 2023: PAT 4.93 percent) on sales
Slide 6: Margin pressures and management measures
6 Combined with fluctuations in cotton and yarn prices, exorbitant increase in energy prices and interest rates, implementation of stringent government fiscal policies, including the removal of tax exemptions for local inputs in exports, introduction of new sales tax and income tax regulations, dela
Slide 7: Manufacturing Footprints
Manufacturing Footprints 7 Textiles Leather and Allied Products Bhanero Textile Mills Ltd Firhaj Footwear (Pvt) Limited Spinning Unit I - Sindh Footwear Retailing - Across Country Spinning Unit II - Punjab Leather Garment Unit I - Punjab Weaving Unit III - Punjab Footwear Manufacturing Unit II - Pun
Slide 8: Corporate Information
Corporate Information 8 Incorporation The company Bhanero Textile Mills Limited established in March 1980. Symbol BHAT Legal Status Public Limited Company. Capital Authorized Capital - 60,000,000 Issued Paid-up Capital - 30,409,640 (Ordinary Shares of Rs. 10 each) Associated Undertakings Faisal Spin
Slide 9: Registered and Liaison Office, Manufacturing Units, Credit Rating
9 Registered and Liaison Office Registered office of the company is located at Umer House, 23/1, Sector 23, K.I.A , Karachi. Liaison office of the company is located at City Towers, Main Boulevard, Gulberg-II, Lahore. Manufacturing Units i) Spinning Unit I with an installed capacity of 27,840 spindl
Slide 10: Governing Board
Governing Board 10 The governing board comprised of ten(10) members and all the appointments of independent, executive, non-executive and female directors are in line under the under Code of Corporate Governance Regulations, 2019. All the members of the governing board are accredited under Directors
Slide 11: Categories of Shareholders
Bhanero Textile Mills Limited 11 Categories Of Shareholders As At June 30, 2024 Numbers Of Sr Categories Of Shareholders Shares Held Percentage % Shareholders 1 Directors, Chief Executive Officer, and their spouse and 30 1,337,870 43.99 minor children. 2 Associated Companies, Undertaking and Related
Slide 12: Free Float of Shares
Free Float of Shares As on June 30, 2024 12 Total outstanding shares 3,040,964 Less : Shares held by Directors,Sponsors, Senior Management and their 2,392,840 Associates Government holding as Promoter /Acquirer /Controller Shares held by Associated Undertakings 500,600 Shares held with General Publi
Slide 13: Economic Outlook of the Country
Economic Outlook of the Country 13 Although Pakistan has recently made strides in the direction of macroeconomic stabilization, nonetheless risks remain high for the sustainable growth since it requires substantial reforms. Consequent, to successfully reaching of IMF staff level agreement , it’s exp
Slide 14: Measures to sustain economic growth
To sustain economic growth and address the challenges: 14 o Pakistan needs to make its the economy more diverse by encouraging expansion in services and IT sector. o Establish regulations that are favorable to investors and upgrade infrastructure to foster an atmosphere that attracts foreign investm
Slide 15: Key Performance Indicators
Key Performance Indicators 15
Slide 16: Balance Sheet June 30, 2024
Balance Sheet June 30, 2024 16 Equity & Liabilities - (PKR in Millions) Assets - (PKR in Millions) 12,000 11,428 20,000 10,863 11,103 10,319 18,000 17,548 17,009 10,000 16,000 14,000 8,000 12,000 6,000 10,000 9,117 9,214 4,802 4,374 8,000 4,000 6,000 4,000 2,000 2,000 - - Equity Non-Current Liabilit
Slide 17: Statement of Profit or Loss
Bhanero Textile Mills Limited Statement of Profit or Loss 17 For The Year Ended June 30, 2024 June 30, 2024 June 30, 2023 Restated Rupees Rupees Sales 33,057,244,654 18,545,108,053 Cost of sales (30,023,432,811) (15,554,879,715) Gross profit 3,033,811,843 2,990,228,338 Other income 128,313,555 317,2
Slide 18: Sales Revenue
18 Sales Revenue - PKR in "000" 35,000,000 33,057,245 30,000,000 25,000,000 20,000,000 18,545,108 17,252,509 15,000,000 12,158,113 10,000,000 8,923,611 9,347,773 5,000,000 - 2024 2023 2022 2021 2020 2019
Slide 19: PBT & PAT %
PBT & PAT - % 19 18.45% 17.77% 20.00% 15.99% 15.22% 15.00% 10.24% 8.90% 8.53% 8.33% 10.00% 5.11% 3.69% 5.00% -0.40% -0.57% 0.00% 2024 2023 2022 2021 2020 2019 -5.00% Profit before tax (%) Profit after tax (%)
Slide 20: Shareholders Equity
Shareholders Equity “000” 20 12,000,000 11,102,912 10,863,114 10,000,000 9,500,474 8,000,000 6,763,064 6,000,000 4,919,120 4,913,117 4,000,000 2,000,000 - 2024 2023 2022 2021 2020 2019 Shareholder equity 10,863,114 11,102,912 9,500,474 6,763,064 4,919,120 4,913,117
Slide 21: Breakup and Market Value Per Share
Breakup and Market Value Per Share 21 3,700.97 3,572.22 4,000.00 3,166.82 3,500.00 3,000.00 2,254.35 2,500.00 1,639.71 1,637.71 1,465.00 2,000.00 1,050.00 1,050.00 1,500.00 948.33 800.00 770.01 1,000.00 500.00 - 2024 2023 2022 2021 2020 2019 Breakup value per share Market value of share
Slide 22: Cash Dividend
22 Cash Dividend - (PKR in "000") 250,000 200,000 150,000 100,000 50,000 - 2024 2023 2022 2021 Cash dividend 2020 2019 2024 2023 2022 2021 2020 2019 Cash dividend - 106,434 214,500 214,500 150,000 167,400
Slide 23: Historical Data for the Year Ended June 30, 2024
Bhanero Textile Mills Limited 23 Historical Data for the Year Ended June 30, 2024 Year-Wise Operating Data 2024 2023 2022 2021 2020 2019 Spinning Unit Spindle installed 99,696 99,696 80,112 80,112 80,112 80,112 Spindles worked 99,696 99,696 80,112 80,112 80,112 80,112 Installed capacity after conver
Slide 24: Ratios
Ratios Performance 2024 2023 2022 2021 2020 2019 24 Sales growth percentage - Year to Year basis 78.25% 7.49% 41.90% 36.25% -4.54% 36.72% Gross profit (%) 9.18% 16.12% 23.62% 22.47% 9.23% 13.84% Profit before tax (%) -0.57% 8.33% 18.45% 17.77% 5.11% 10.24% Profit after tax (%) -0.40% 8.53% 15.99% 15
Slide 25: Question & Answers Session
Question & Answers Session 25 The honorable guest and participants are requested to proceed for question and answer session with regard to the financial statements for the year ended June 30, 2024. Thanking You
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