Aisha Steel Mills Ltd. · PSX:ASL
Aisha Steel Mills — Investor Presentation (November 2024)
19 slides from Aisha Steel Mills's investor presentation, Nov 19, 2024
Slide 1: Corporate Briefing Session
Corporate Briefing Session Tuesday, November 19th, 2024 | 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 Aisha Steel Mills Limited (“ASML”) solely for information purposes. No representation or
Slide 3: Profile of Company
PROFILE OF COMPANY
Slide 4: Company Overview
COMPANY OVERVIEW Aisha Steel Mills Limited (“ASML”) is a public limited company, incorporated in Pakistan. The shares of the Company are listed on Pakistan Stock Exchange. ASML is a part of Arif Habib group and is one of the largest private sector investments in the value added flat-rolled steel ind
Slide 5: Vision & Mission
Vision & Mission Vision To be a global leader in the flat steel industry with the largest share of the local market while fostering the culture of responsible production and consumption to be eventually acknowledged by its customers for quality and service excellence. Mission To supply the highest q
Slide 6: Our Products
Our Products Cold Rolled Coils • Annual Capacity: 450,000 Tons • Size (mm): 0.15mm – 3mm • Surface Finish: Matt / Bright Hot Dipped Galvanized Coils • Annual Capacity: 250,000 Tons • Size (mm): 0.15mm – 3mm • Spangle: Zero / Regular • Coating Thickness: Z06 – Z27
Slide 7: Domestic Presence
Domestic Presence Regional Office Rawalpindi Lahore Regional Office Multan Regional Office 700,000 tons Production Facility & Karachi Ware House Head Office and Factory
Slide 8: Strategic / Operational Developments
STRATEGIC / OPERATIONAL DEVELOPMENTS
Slide 9: Steel Market Overview
Steel Market Overview • From July 2023 to February 2024, the HRC prices remained around US$ 560, FOB China and then after gradually dropped to US$ 535 by June 2024. The HRC price further declined to US$ 480 in the quarter ended September 2024. • Lower demand in China further impacted market conditio
Slide 10: Local Market Overview
Local Market Overview • Financial year ended June 2024 remained a challenging period on political and economic fronts, However, Pakistan has begun to show signs of improvement, with progress in reducing inflation, leading to a reduction in the discount rate. The rupee remained stable against US$ but
Slide 11: Local Market Overview
Local Market Overview • Around 150,000 tons imported through this channel was mostly sold in the open market during the year ended June 2024. The commercial importers were also very active and found ways to circumvent antidumping duties by misdeclaration. The overall share of imports in the CRC and
Slide 12: Macroeconomic Factors
Macroeconomic Factors Kibor3 M USD EURO JPY CNY HRC ( Jul-23 >) 23.14 281.70 310.99 1.99 39.11 $600 Aug-23 23.17 293.81 320.45 2.03 40.53 $600 Sep-23 22.66 ZRTLL/S 318.24 2.02 40.83 $600 Oct-23 21.96 280.36 295.97 1.87 38.37 $600 Nov-23 21.47 285.52 308.54 USA 39.53 $615 Dec-23 21.46 283.30 308.94 1
Slide 13: Details of Financial Information
DETAILS OF FINANCIAL INFORMATION
Slide 14: Aisha Steel Highlights
Aisha Steel Highlights * 2.44+ million tons production-to- date 625+ Employees 320+ Billions (PKR) turnover generated 700,000 Tons production capacity 64+ Billions (PKR) contribution to National ex-chequer * Data presented till June 30, 2024
Slide 15: Aisha Steel's Trendline
Aisha Steel’s Trendline Revenue (Million) Gross profit (Million) (Loss) / Profit after tax (Million) 4 8 11,185 6,368 116 42750 31,102 29,777 5514 146 3,831 i | 2014 2366 = “132 = 843, 617 ; a | | | i ¥ Qury2s 2024 2023 2022 2021 2020 Qa FY25 2024 2023 2022 2021 2020 QL FY25 2024, (2023 2022 2021 20
Slide 16: Ratios
Ratios Current ratio (Times) QU 2004 2023 Return on Equity 0.00% — i ae -5.00% 4.74% Qi FY25 2024 Debt to Equity ratio wp 25 rt 15 aL FY25 -20.49% 2023 Debt 2024 Equity 2023 0.14 au ry25 Return on Capital employed 18.41% Qi Fs 2024 Interest Cover Ratio (Times) 1.04 2024 2023
Slide 17: Results (PKR in '000)
Results (exe in ‘000) Sales Cost of sales Gross profit Selling and distribution cost Administrative expenses Operating (Loss) / profit Other expenses Finance costs Other income Loss before taxation Income tax credit Loss after taxation Q1FY 2025 ~—~ FY 2024 FY 2023 4,580,421 42,749,652 31,102,382 (4
Slide 18: Question & Answer Session
QUESTION & ANSWER SESSION
Slide 19: Thank You
Thank You Corporate Briefing Session
Aisha Steel Mills — Investor Presentation (November 2024) on 6ix