Sapphire Textile Mills Limited · PSX:SAPT
Sapphire Textile Mills — FY2021 Earnings Presentation
17 slides from Sapphire Textile Mills's earnings presentation, 2021
Slide 1: Corporate Briefing Session for the Year Ended 30 June 2021
SAPPHIRE TEXTILE MILLS LIMITED CORPORATE BRIEFING SESSION FOR THE YEAR ENDED 30 JUNE 2021
Slide 2: Income Statement
INCOME STATEMENT 2021 2020 Increase / (decrease) Particulars %age of %age of Rupees Rupees Rupees %age Revenue Revenue Net turnover 38,470,986,948 34,030,186,288 4,440,800,660 13.05% Cost of sales (32,120,873,453) 83.49% (29,195,495,154) 85.79% 2,925,378,299 10.02% Gross profit 6,350,113,495 16.51%
Slide 3: Segment Wise Turnover
SEGMENT WISE TURNOVER Increase/ 2021 2020 Particulars Rupees Rupees (Decrease) - %age Spinning 18,839,086,435 14,309,197,911 31.66% Weaving 11,576,703,952 11,079,447,790 4.49% Home textile 5,534,233,438 5,868,481,555 (5.70)% Printing / stitching services 1,725,512,601 1,705,184,809 1.19% Raw materia
Slide 4: Sales Mix - Export : Local
SALES MIX- EXPORT : LOCAL 2021 2020 Particulars Rupees %age Rupees %age Direct Export 16,745,771,168 44% 17,868,609,937 53% Indirect Export 14,184,846,915 37% 9,205,529,487 28% Sub-total 30,930,618,083 81% 27,074,139,424 81% Local 7,410,164,612 19% 6,448,466,366 19% Total Sales 38,340,782,695 100% 3
Slide 5: Other Income
OTHER INCOME 2021 2020 Increase/ Particulars Rupees Rupees (Decrease) - Dividend income - subsidiary and associates 278,344,382 167,546,540 110,797,842 - other companies 602,532,388 447,930,334 154,602,054 Interest income on saving account & TFC 2,078,737 10,398,801 (8,320,064) Gain on sale of prope
Slide 6: Balance Sheet - Assets
BALANCE SHEET - ASSETS 2021 2020 Increase / Particulars Rupees Rupees (Decrease) ASSETS Property, plant and equipment 14,714,164,784 13,119,291,362 1,594,873,422 Investment property 31,750,000 31,750,000 - Intangibles 108,333 208,333 (100,000) Long term Investment 14,273,157,115 13,612,999,166 660,1
Slide 7: Plant and Machinery Capex
PLANT AND MACHINERY CAPEX 2021 Particulars Rs in 000 FINISHING SEGMENT Capacity Expansion Fabric Dyeing – 12 million metres 679,523 BMR (Balancing, Modernization and Replacement) 61,625 741,148 SPINNING SEGMENT Energy Efficient Gas Generator – 2.5 Mega watt to replace old 2 gent of 1 mega watt 119,3
Slide 8: Balance Sheet - Equity and Liabilities
BALANCE SHEET – EQUITY AND LIABILITIES 2021 2020 Increase / Particulars Rupees Rupees (Decrease) Issued, subscribed and paid up capital 216,897,910 216,897,910 - Reserves 20,801,687,879 16,259,650,037 4,542,037,842 Share capital and reserves 21,018,585,789 16,476,547,947 4,542,037,842 Long term liab
Slide 9: Cash Flow Statement
CASH FLOW STATEMENT 2021 2020 Particulars Rupees Rupees Opening Cash and cash equivalents 33,602,278 96,759,191 Operating cash flow before working capital changes 2,852,646,537 1,666,927,649 Less: working capital changes (2,832,656,680) (1,647,547,930) Cash flow from operating activities 19,989,857
Slide 10: Profitability Ratios
Profitability Ratios 16.51 18.00 15.78 14.21 16.00 12.24 14.00 10.47 10.64 11.09 12.00 8.48 Percentage 10.00 7.47 8.00 6.27 5.52 6.00 3.46 4.00 2.00 - 2016 2017 2018 2019 2020 2021 Gross Profit Net Profit
Slide 11: Current Ratio
Current Ratio 1.45 1.40 1.40 1.35 1.35 1.30 Times 1.25 1.20 1.20 1.19 1.18 1.15 1.14 1.10 2016 2017 2018 2019 2020 2021
Slide 12: Turnover Ratios
Turnover Ratios 140 123 120 102 100 77 78 82 73 80 60 Days 32 40 25 25 19 24 18 12 16 20 10 11 8 13 - 2016 2017 2018 2019 2020 2021 Inventory Debtors Creditors
Slide 13: Long term Debt as Percentage of Equity
Long term Debt as percentage of Equity 90.00 87 87 88 82 80.00 79 70.00 %age 60.00 56 50.00 2016 2017 2018 2019 2020 2021
Slide 14: Overview of Consolidated Financial Statements
OVERVIEW OF CONSOLIDATED FINANCIAL STATEMENTS - Sapphire Textile Mills Limited - Sapphire Wind Power Company Limited - Sapphire Retail Limited - Tricon Boston Consulting Corporation (Private) Limited - Sapphire International Aps - Designtex (SMC-Private) Limited
Slide 15: Key Highlights of Consolidated Financial Statements
KEY HIGHLIGHTS OF CONSOLIDATED FINANCIAL STATEMENTS PART ICULARS T OT AL ------- Rupees ------- Profit or Loss Net turnover 58,162,790,748 Profit after taxation 8,988,722,814 Balance sheet Assets 116,061,491,741 Equity 41,363,121,331 Loans 61,918,080,409
Slide 16: Future Outlook
FUTURE OUTLOOK Presently Textile Sector in Pakistan is performing well due to robust demand from the international market. The support provided by the State Bank of Pakistan in terms of the concessionary finance for long term investments has also encouraged the sector to expand tremendously. The c
Slide 17: Thank you
Thank you
Sapphire Textile Mills — FY2021 Earnings Presentation on 6ix