Mirpurkhas Sugar Mills Limited · PSX:MIRKS
Mirpurkhas Sugar Mills — Investor Presentation (February 2022)
27 slides from Mirpurkhas Sugar Mills's investor presentation, Feb 23, 2022
Slide 1: Corporate Briefing Session
CORPORATE BRIEFING SESSION February 23, 2022
Slide 2: 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 Mirpurkhas Sugar Mills Limited (“Mirpurkhas Sugar Mills ”) solely for information purposes. No representation or warranty express
Slide 3: The Founder
THE FOUNDER Late Mr. Ghulam Faruque (CIE, HPk, OBE) A Visionary and a highly respected name in industrial circles. Spearheaded development of Pakistan’s industry and laid the foundation for the Country’s industrialization. HONOURS CONFERRED • Office of the Order of the British Empire, 1944 • Compani
Slide 4: Group Structure
GROUP STRUCTURE Mirpurkhas GHULAM FARUQUE GROUP © (ZENS soft (Pvt) Ltd Information Systems Services Provider Specializing in Business Software Solutions Faruque (Pvt. Ltd Parent Company CHERAT le] ° Cherat Cement Company Ltd Manutacturer of Ordinary Portiand Cement ’ Greaves Pakistan (Pvt) Lid Provi
Slide 5: Our Values
OUR VALUES RESPECT is our way of life OWNERSHIP is our way to success Live Values Build Culture QUALITY is our legacy FAIRNESS is our way of work
Slide 6: Company Information
COMPANY INFORMATION Head Office Modern Motors House Beaumont Road Karachi-75530 Pakistan UAN: +92 - 21-111- 354 -111 Fax: + 92 - 21- 35688036 Web: www.gfg.com.pk/msm/ Registered Office / Factory Sub Post Office Sugar Mill Jamrao, Umerkot Road Mirpurkhas, Sindh
Slide 7: Geographical Presence
GEOGRAPHICAL PRESENCE Peshawar Islamabad Lahore Mirpurkhas Karachi Karachi
Slide 8: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Being a diligent member of the corporate community, the Company contributes to various social and charitable causes towards health, education and social sectors as part of its Corporate Social Responsibility. The Company has stood by the people of Pakistan in their ho
Slide 9: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Development and Community Support Our operations are supported by our communities, both directly and indirectly. And we know that giving back to them and helping them develop simply makes good sense in the long run for them and for us. In this regard, the Company has
Slide 10: The Journey So Far
Mirpurkhas Sugar Mills Limited THE JOURNEY SO FAR xy GHULAM FARUQUE GROUP € 1968-69 ‘cane cushing capacty increased to 2.000 TCD € 2001-02 Plant capacity enhanced 4,800 TCD, + § 2006-07 Unico! ta, joint venture lstllery producing Ethanol ane Ligulé Carbon Dioxide (€C02) commenced its Production oper
Slide 11: Significant Development and Changes
SIGNIFICANT DEVELOPMENT AND CHANGES Following significant developments took place during the year: • The Company has achieved Sucrose Recovery of 10.63%. • During the year 2020/21, the Company contributed approximately Rs.538 million to the national exchequer in the form of taxes and levies. • In or
Slide 12: Significant Development and Changes
SIGNIFICANT DEVELOPMENT AND CHANGES Best Corporate and Sustainability Report Award ICAP, ICMAP for 2018, 2019 and 2020. The Company secured First position in Best Corporate and Sustainability Report Award in the Sugar sector for 2018, 2019 and 2020 consecutively, jointly organized by The Institute o
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS Mirpurkhas GHULAM FARUQUE GROUP | 2021 | Production Data zum Sugarcane crushed (M. Tons) 488,464 525,201 Sucrose recovery (%) 10.63 10.91 Sugar production (M. Tons) 51,909 57,286 Molasses production (M. Tons) 24,296 25,133 Sales & Profitability \Rupeesiogo09) Turnover - net 3,86
Slide 14: Quantitative Analysis of Sugar Industry of Pakistan
QUANTITATIVE ANALYSIS OF SUGAR INDUSTRY OF PAKISTAN
Slide 15: Quantitative Analysis of the Company
QUANTITATIVE ANALYSIS OF THE COMPANY
Slide 16: Statement of Profit or Loss
GHULAM FARUQUE GROUP Mirpurkhas Sugar Mills Limited Statement of Profit or Loss For the year ended September 30, 2021 2021—«| 2020 (Rupees in ‘000) Turnover - net 3,861,442 4,637,141 Cost of sales (3,578,666) (4,332,418) Gross profit “282,776 ~—«:304,723 Distribution cost (24,474) (16,934) Administr
Slide 17: Statement of Financial Position
® Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Statement of Financial Position As at September 30, 2021 ASBETS P2021] 2020 NON-CURRENT ASSETS (Rupees In 000) Property, plant and equipment 3,469,425 2,618,489 Intangible asset 1,018 2,828 Long-term investments 1,810,999 1,780,538 Long-term loan
Slide 18: Equity and Liabilities
® Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP EQUITY AND LIABILITIES 2021 | 2020 | EQUITY (Rupees in ‘000) Share capital 134,950 134,950 Reserves 2,246,775 1,866,661 Surplus on revaluation of property, plant & equipment 844,259 844,259 3,225,984 2,845,870 NON-CURRENT LIABILITIES Long-term fi
Slide 19: Key Financial Ratios
KEY FINANCIAL RATIOS Mirpurkhas GHULAM FARUQUE GROUP Performance indicators Profitability Ratios Gross profit / (loss) ratio (%) 7.32 6.57 Net profit to sales (%) 3.63 (2.50) EBITDA margin to sales (%) 10.45 5.28 Operating leverage ratio (times) 2.26 5.41 Return on equity (%) 4.35 (4.07) Return on c
Slide 20: Key Financial Ratios
KEY FINANCIAL RATIOS Mirpurkhas GHULAM FARUQUE GROUP Investment/ Market Ratios Earnings per share - basic (rupees) 10.40 (8.58) Price earning ratio (times) 9.42 (9.56) Price to Book ratio (%) 17.08 17.35 Cash Dividend yield ratio (%) - - Dividend payout ratio (%) - - Dividend cover ratio (times) - -
Slide 21: Quantitative Analysis of the Company (For the Quarter)
QUANTITATIVE ANALYSIS OF THE COMPANY (FOR THE QUARTER)
Slide 22: Statement of Profit or Loss
GHULAM FARUQUE GROUP Statement of Profit or Loss For the Quarter Ended December 31, 2021 Turnover - net Cost of sales Gross profit Distribution cost Administrative expenses Other operating expenses Other income Operating profit Finance cost Share of profit in associates - net Profit before taxation
Slide 23: Statement of Financial Position
® Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Statement of Financial Position As at December 31, 2021 December 31, | September 30 2021 2021 (Unaudited) (Audited) ASSETS (Rupees ‘000) NON-CURRENT ASSETS Property, plant and equipment 4,341,287 3,469,425 Intangible asset 567 1,018 Long-term inv
Slide 24: Equity and Liabilities
GHULAM FARUQUE GROUP EQUITY AND LIABILITIES EQUITY Share capital Reserves Surplus on revaluation of property, plant & equipment NON-CURRENT LIABILITIES Long-term financing Long-term lease liabilities Deferred liabilities Deferred tax liability-net Government grant CURRENT LIABILITIES Trade and other
Slide 25: Current Issues of the Sugar Industry of Pakistan
CURRENT ISSUES OF THE SUGAR INDUSTRY OF PAKISTAN 1. Higher Minimum Support Price of Sugarcane i.e. 83% cost of sugar is determined by Provisional Government where as Sugar prices are left to demand and supply forces of the market and intervention of the Federal Government from time to time. 2. Sindh
Slide 26: Opportunities
OPPORTUNITIES Forward integration ensure optimal utilization of by-products such as molasses and bagasse. Molasses is used in Distilleries that is a source of revenue maximization. Energy that is saved in the manufacturing process results in bagasse saving that is available which can be used for pro
Slide 27: Thank You
(UQUE Thank You ® Mirpurkhas Sugar Mills Limited
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