Fauji Fertilizer Co. Ltd. · PSX:FFC
Fauji Fertilizer — H1 2022 Earnings Presentation
13 slides from Fauji Fertilizer's earnings presentation, Aug 24, 2022
Slide 1: FFC holds Second Corporate Briefing for the Year 2022
FFC holds Second Corporate Briefing for the Year 2022 Fauji Fertilizer Company (FFC), held its second Corporate Briefing for the year 2022, as a part of its best corporate governance practices. FFC has been recognized by Pakistan Stock Exchange (PSX) as first amongst Top 25 Companies consecutively f
Slide 2: Corporate Briefing
Corporate Briefing For the period ended June 30, 2022 Presented by: CFO August 24, 2022
Slide 3: Highlights and Challenges
Highlights and Challenges • Highest Ever: • Galloping cost push – inflation, increasing interest Sona Urea sales volume rates and rupee devaluation Revenue • Long outstanding receivable from Govt., GST (Rs Investment & Dividend Income 18.4 Bn) & Subsidy (Rs 7.0 Bn) resulting in highest ever pr
Slide 4: KPI Dashboard – 1HY 2022
KPI Dashboard – 1HY 2022 2022 2021 Var. Profitability (Rs B) Thousand Tonnes % Gross 20.9 UREA: Production 1,276 1,222 p 4 Profit 16.2 Sales 1,275 1,131 p 13 Operating 16.6 DAP: Imports 98 117 q (17) Profit 12.2 Sales 50 65 q (24) Net 9.6 Profit 9.4 Rs in Million % Revenue 54,706 44,018 p 24 2022 20
Slide 5: Production & Offtake
Production & Offtake Fertilizer Sales & Sona Urea Production Aggregate Turnover Highest ever 000’ MT Turnover and Urea 2,000 Offtake – 1HY22 55 60 2022 1,276 46 43 44 44 2021 1,222 Turnover (Rs B) 1,500 187 47 50 40 Offtake (KT) 2020 1,259 87 72 1,000 30 91 2019 1,215 1,275 1,271 1,226 1,188 1,131 1
Slide 6: Industry Urea sales and Market share – 1HY 2022
Industry Urea sales and Market share – 1HY 2022 Urea Market share Agritech 2022 Agritech 2021 6 years Industry Sales 5% 2% FFL 000’ MT FFL 11% 14% 2022 3,246 FFC FFC 39% 39% 3,246 2,898 2021 2,898 KT KT Engro Engro 2020 2,672 34% 40% FFBL FFBL 8% 8% 2019 2,893 2018 2,729 2017 2,703 FFC + FFBL Market
Slide 7: Urea International vs Local Prices
Urea International vs Local Prices DTP - Rs / Bag 12,000 Benefit Passed on to Dec-21, Apr-22, farmer during 6 months 10,750 10,460 of 2022 amounts to 10,000 ~ Rs 175 Bn Jul-22 Oct-21, 8,030 8,110 8,000 Rs. / Bag Feb-22, 6,000 4,980 6,710 5,880 3,940 4,450 4,000 3,100 2,970 3,190 3,710 2,560 2,8302,5
Slide 8: DAP Market share
DAP Market share 2022 2021 Pvt. Imp. FFC FFC FFL 11% 8% 9% 5% Pvt. Imp. 31% Engro 21% 544 607 KT KT FFBL 38% FFL FFBL 4% 57% Engro 16% 66% (FFC+FFBL) 49% (FFC+FFBL)
Slide 9: DAP International Price Trend
DAP International Price Trend 14,000 2,500 11,915 12,000 2,000 10,014 10,000 9,514 8,634 1,500 8,000 6,690 USD / ton Rs / bag $1,030 6,000 5,150 5,400 1,000 $1,025 3,516 $915 3,416 3,445 3,700 4,000 3,125 3,250 $655 $680 $568 500 2,000 $422 $425 $353 $313 $358 $333 0 - Local Price Intl Price
Slide 10: Other Businesses
Other Businesses FWEL FFCEL FFF TEL I&II FWEL-I 65.78GWh of electricity 56.23GWh of electricity supplied Revenue 51% Investment 1HY22 supplied (2021: 75.50GWh) Gross profit 24% Rs 1.25 b (2021: 50.13GWh) Availability factor: 98.8% Operating profit 148% (Total Rs 4.83b Net loss 39% as of Jun 2022) Av
Slide 11: Challenges
Challenges Natural gas depletion GOP Policies (Gas Pricing/ availability) Aging Plants and Forex their availability / sustainability Inflation
Slide 12: Any questions
? ANY QUESTIONS ®
Slide 13: Thank You
THANK YOU
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