Faisal Spinning Mills Limited · PSX:FASM
Faisal Spinning Mills — Investor Presentation (November 2019)
22 slides from Faisal Spinning Mills's investor presentation, Nov 25, 2019
Slide 1: Faisal Spinning Mills Limited Corporate Briefing Session
Faisal Spinning Mills Limited Corporate Briefing Session Minutes of the Corporate Briefing Session The Corporate Briefing Session (“CBS”) was conducted on November 25, 2019 in Pakistan Stock Exchange Auditorium. The session was chaired by Mr. Muhammad Salim, the director and chairman of the company.
Slide 2: Faisal Spinning Mills Limited Corporate Briefing Session
1 FAISAL SPINNING MILLS LIMITED CORPORATE BRIEFING SESSION
Slide 3: Table of Contents
2 Table of Contents Introduction Outlook of Textile Industry Financial Performance New Venture Question and Answers Thankyou Note
Slide 4: Introduction
Introduction 3 Umer Group of Companies ‐ UGC Established in 1980, the Umer Group of Companies with headquarter in Karachi, has been at the forefront of textile industry in Pakistan since many years. Through dedicated efforts, hard work and by the grace of Allah Umer Group is one of the leading group
Slide 5: Incorporation
Incorporation 4 The company Faisal Spinning Mills Limited established in January 1985. Symbol FASM Legal Status Public Limited Company. Capital Authorized Capital ‐ 120,000,000 Issued Paid‐up Capital ‐ 100,000,000 (Ordinary Share of Rs. 10 each) Associated Undertakings Bhanero Textiles Mills Ltd Ble
Slide 6: Board of Directors
Board of Directors Sr |Names of Directors Designation | |Mr. Bilal Sharif Executive Director / CEO Il |Mr. Khurrum Salim NXD - Director lll |Mr. Mohammad Amin NXD - Director IV |Mr. Hamza Shakeel NXD - Director V_ Mrs. Marium Adil NXD - Director VI |Mr. Mohammad Salim NXD - Director / Chairman VI |M
Slide 7: Registered and Liaison Office, Manufacturing Units, Credit Rating
6 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 38,208 spindl
Slide 8: Outlook of Textile Industry
Outlook of Textile Industry 7 The current cotton arrival estimates fall far short of fulfilling domestic requirement of the textile industry by 15.00 million bales approximately. The production shortage forces the entire value chain to rely on imported cotton to meet the shortfall substantially incr
Slide 9: Financial Performance
Financial Performance 8 The company achieved sales of PKR 14,028.566 million during the year ended June 30, 2019 as compared to PKR 11,842.981 million in the corresponding year showing an increase of sales by 18.45%. Moreover, there is a noticeable increase in exports sales by almost 23 percent duri
Slide 10: Statement of Profit or Loss
Statement of Profit or Loss For the year ended June 30, 2019 Sales Cost of sales Gross profit Other income Share of profit from associated undertaking Profit before tax Provision for taxation Profit after taxation for the year Earnings per share - basic and diluted June 30, 2019 PKR June 30, 2018 PK
Slide 11: Turnover (Millions)
Turnover (Millions) 10 16,000 14,029 14,000 11,843 12,000 10,564 9,780 10,000 9,282 9,281 8,000 6,000 4,000 2,000 - 2019 2018 2017 2016 2015 2014
Slide 12: PBT & PAT to Sales
PBT & PAT to Sales 9.00% 11 7.86% 8.00% 6.55% 6.47% 6.11% 6.09% 7.00% 6.00% 4.88% 4.68% 5.00% 4.08% 4.00% 2.73% 3.00% 1.92% 1.88% 1.82% 2.00% 1.00% 0.00% 2019 2018 2017 2016 2015 2014 Profit before tax (%) 7.86% 6.09% 4.68% 1.92% 2.73% 6.47% Profit after tax (%) 6.55% 4.88% 4.08% 1.82% 1.88% 6.11% P
Slide 13: Break up value per share
12 527.79 Break up value per share 600.00 457.51 417.10 500.00 379.03 366.44 355.29 400.00 300.00 200.00 100.00 ‐ 2019 2018 2017 2016 2015 2014
Slide 14: Earnings per share
Earnings per share 13 100.00 91.85 90.00 80.00 70.00 57.79 59.73 60.00 50.00 43.10 40.00 30.00 20.00 16.92 17.45 10.00 ‐ 2019 2018 2017 2016 2015 2014
Slide 15: Cash Dividend %
14 Cash Dividend ‐ % 250.00% 232.00% 200.00% 185.00% 172.50% 150.00% 100.00% 50.00% 50.00% 50.00% 50.00% 0.00% 2019 2018 2017 2016 2015 2014
Slide 16: Year-Wise Operating Data
Year-Wise Operating Data Spinning Unit Spindle installed Spindles worked - Average Installed capacity - Conversion 20/s count Actual production - Kg Weaving Unit Air jet looms installed Air jet looms worked Installed capacity - Conversion 50 picks - Meter] Actual production - Meter 2019 2018 2017 20
Slide 17: Year-Wise Financial Data
Profit and loss account Turnover (Net) Gross profit Operating profit Financial expenses Share profit of associate Profit before tax Profit after tax Cash dividend Balance Sheet Share capital Reserves Shareholder equity Long term liabilities Short term loan Current liabilities Current portion - LT lo
Slide 18: Performance Ratios
Performance Ratios 9 | MB | | | Sales growth ash | Ih} = B80) Gross pro B43) = LOS) = 91H} 28h) 80h) Profit before tax (fh 786%) = 609% 4.68%) = 92h) 3 Profit after tax {1 O55} «= AGB) AOS} 8h) 188) LT
Slide 19: Breakup value, market value, leverage and liquidity ratios
2019 2018 2017 2016 2015 2014 Breakup value per share 527.79 457.51 417.10 379,03 366.44 355.29 Market value of share 237.50 300.00 289.13 141.00 146.00 163.03 Earnings per share 91.85 57.79 43,10 16.92 ‘F 59.73 Price earning ratio 2.59 5,19 6.71 8,33 8,36 2.73 Leverage Gearing ratio 0.59 0.51 0.47
Slide 20: New Venture
19 New Venture The board of directors in the meeting held on September 26, 2019 accorded their formal approval for setting up a finishing plant as a value addition initiative. The cost of project is around PKR 5.00 billion with a production capacity of almost 18.000 million meterage per annum. The l
Slide 21: Questions and Answers Session
20 Questions and Answers Session
Slide 22: Thankyou
Thankyou 21
Faisal Spinning Mills — Investor Presentation (November 2019) on 6ix