Aisha Steel Mills Ltd. · PSX:ASL
Aisha Steel Mills — Investor Presentation (February 2021)
15 slides from Aisha Steel Mills's investor presentation, Feb 24, 2021
Slide 1: Corporate Briefing Session
Corporate Briefing Session Wednesday, February 24th, 2021 | 4:00 PM
Slide 2: Domestic Presence
Domestic Presence Sales Office Rawalpindi Lahore Sales Office Multan Sales Office 700,000 tons Production Facility & Karachi Ware House Head Office
Slide 3: Steel Market Overview
Steel Market Overview • International HRC prices continued to follow rising trend in the second quarter. • HRC prices (FOB China) increased from US$ 515 / ton in September to US$ 700 (FOB China) in December 2020. Prices further increased to US$ 800 in January 2021. • Similar price trend was observed
Slide 4: International Market Trend
International Market Trend $800 $750 $700 $650 $600 $550 $500 $450 $400 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 HRC (USD) CRC Jan – Mar 20: $ 47 Apr - Jun 20: $ 41 Jul – Sep 20: $ 48 Oct – Dec 20: $ 84
Slide 5: Market Share
Market Share 36% 30% 20% 17% 16% FY 2017 FY 2018 FY 2019 FY 2020 HY 2021 ASL Leading Local Producer Imports
Slide 6: Aisha Steel Highlights
Aisha Steel Highlights 1.6+ million tons production-to- date 750+ Employees 141+ generated Billions (PKR) turnover 700,000 Tons production capacity 25+ National ex-chequer Billions (PKR) contribution to 15+ substituted Billions (PKR) Imports * Data presented till December 31, 2020
Slide 7: Aisha Steel's Trendline
Aisha Steel’s Trendline Revenue (Bln PKRs) Gross Profit (Bln PKRs) PAT (Mln PKRs) 4.58 2,520 30 CAGR: 39% CAGR: 56% CAGR: 201% 25 3.31 20 19 2.37 1,284 14 2.09 1.68 1,020 10 0.98 (617) 254 (155) HY FY21 2020 2019 2018 2017 2016 HY FY21 2020 2019 2018 2017 2016 HY FY21 2020 2019 2018 2017 2016 Produc
Slide 8: Critical Performance Indicators
Critical Performance Indicators UoM HY FY21 FY 2020 FY 2019 Revenue Billion PKR 25.42 29.77 20.23 EBITDA Million PKR 4,573 2,844 1,960 Total Assets Million PKR 34,127 34,587 32,731 Production Tons 179,069 277,800 202,164 Sales Tons 202,248 257,453 205,456
Slide 9: Ratios
Ratios Return on Capital Current Ratio Debt to Equity Employed Equity Debt 0.71 52 48 46 0.94 0.78 21% 12% 7% 48 52 54 Dec 20 Sep 20 Jun 20 Dec 20 Sep 20 Jun 20 Dec 20 Sep 20 Jun 20 Return on Equity Ratio Interest Coverage Ratio 23.73% 7.54% 0.84 -7.61% 6.50 3.49 Dec 20 Sep 20 Jun 20 Dec 20 Sep 20 J
Slide 10: Results (PKR in '000)
Results (PKR in ‘000) HY FY21 FY 2020 FY 2019 Sales 25,417 29,777 20,231 Cost of Sales (20,840) (27,411) (18,553) Gross Profit 4,577 2,366 1,678 Admin expenses (152) (319) (250) Selling expenses (43) (42) (25) Other income 34 38 52 Other expenses (260) - - Profit from operations 4,156 2,043 1,455 Fi
Slide 11: Quarterly Performance FY2021
Quarterly Performance FY2021 UoM Q1 FY21 Q2 FY21 HY FY21 Revenue Million PKR 11,205.86 14,211.16 25,417.02 Gross Profit Million PKR 1,476.16 3,100.91 4,577.07 Gross Profit % % 13.17% 21.82% 18.01% Net Profit Million PKR 660.22 1,859.97 2,520.19 Net Profit % % 5.89% 13.09% 9.91% EPS – Basic PKR 0.82
Slide 12: Quarterly Performance FY2021
Quarterly Performance FY2021 UoM Q1 FY21 Q2 FY21 HY FY21 CRC Sold Tons 53,223 51,313 104,536 Produced Tons 38,320 53,370 91,690 Avg. Selling Price PKR/Ton 110,107 123,201 116,534 GI Sold Tons 41,655 56,057 97,712 Produced Tons 30,882 56,497 87,379 Avg. Selling Price PKR/Ton 119,543 132,572 127,018
Slide 13: Average Monthly Operations (Tons)
Average Monthly Operations (Tons) CAGR: 17.76% CAGR: 19.50% 33,708 29,845 23,150 21,454 18,087 18,114 17,860 17,460 17,121 16,847 16,326 15,105 11,577 11,189 HY FY21 2020 2019 2018 2017 2016 2015 Average Production (Tons) Average Sales (Tons)
Slide 14: Forum is now open for Questions
Forum is now open for Questions
Slide 15: Thank You for Your Presence
Thank You for Your Presence Corporate Briefing Session
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