Aisha Steel Mills Ltd. · PSX:ASL
Aisha Steel Mills — FY2022 Earnings Presentation
25 slides from Aisha Steel Mills's earnings presentation, Nov 23, 2022
Slide 1: Letter to Pakistan Stock Exchange on Corporate Briefing Session
AG AISHA STEEL AISHA STEEL MILLS LIMITED ARIF HABIB GROUP ILLS LIMITED 16"" November 2022 The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi Dear Sir Subject: Aisha Steel Mills Limited - Corporate Briefing Session This is to inform that Aisha Stee
Slide 2: Corporate Briefing Session Invitation
a AG ARIE HagiB een LIMITED CORPORATE BRIEFING SESSION You are cordially invited to the Corporate Briefing Session of Aisha Steel Mills Limited wherein the company’s Chief Executive Officer, Dr. Munir Ahmed and senior management shall present the company’s financial performance for FY22 along with o
Slide 3: Corporate Briefing Session
Corporate Briefing Session Wednesday, November 23th, 2022 | 4:00 PM
Slide 4: 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 5: Profile of Company
PROFILE OF COMPANY
Slide 6: 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 7: Vision & Mission
Vision & Mission Vision To be a global leader in the flat steel industry, acknowledged by its customers for quality and service excellence. Mission To provide an environment of motivated employees focused on continuous improvement in product and quality, highest business and work ethics, add value t
Slide 8: 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 9: 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 10: Strategic / Operational Developments
STRATEGIC / OPERATIONAL DEVELOPMENTS
Slide 11: Steel Market Overview
Steel Market Overview From the beginning of financial year 2021-22, HRC price gradually declined from the peak of US$ 1,050 per ton, FOB China, observed in May 2021 to US$ 830 FOB China in December 2021. The declining trend reversed briefly in the period between Jan 2022 to March 2022 due to Russia
Slide 12: International Economic Scenario
International Economic Scenario The financial year 2022-23 commenced with several unprecedented events, both at the international as well as local level. The world economies started to slow down and adjusted to new realities. Industrial commodities in general, and steel in particular, lost shine and
Slide 13: Local Market Overview
Local Market Overview • On the local front, in addition to political instability, declining rupee, high interest rates etc., parts of the country were inundated following the monsoon rains, causing extensive damage to the infrastructure and agriculture. Sindh province in particular, was hit hard and
Slide 14: Local Market Overview
Local Market Overview • The automotive industry is currently facing head winds due to high car prices, financing cost, depreciating rupee and restriction on CKD imports. The exchange rate, however, is showing signs of stability and some import restrictions relaxed. The auto sector is expected to mak
Slide 15: Local Market Overview
Local Market Overview • Imports of CRC and GI have increased slightly in FY22 to 27% from 26% in FY21. • Sunset review which was filed last year for anti-dumping duty on imports from China and Ukraine, resulted in favorable decision. • Furthermore, Anti-dumping proceedings against South Korea, Europ
Slide 16: Macroeconomic Factors
Macroeconomic Factors Kibor 3 M USD EURO JPY CNY HRC Jul-21 7.38 162.40 193.26 1.48 25.43 $950 Aug-21 7.37 166.45 197.01 1.52 26.02 $950 Sep-21 7.74 170.95 198.72 1.53 26.70 $950 Oct-21 8.33 172.75 202.07 1.52 27.35 $950 Nov-21 9.95 176.20 198.56 1.55 27.61 $880 Dec-21 10.54 177.51 200.87 1.54 27.87
Slide 17: Market Share
Market Share ASML Competitor 1 Imports Competitor 2 60% 50% 44% 41% 42% 40% 38% 38% 41% 40% 39% 33% 32% 36% 30% 32% 30% 26% 27% 20% 20% 17% 16% 10% 7% 0% 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
Slide 18: Details of Financial Information
DETAILS OF FINANCIAL INFORMATION
Slide 19: Aisha Steel Highlights
Aisha Steel Highlights 2.1+ million tons production-to- date 750+ Employees 242+ Billions (PKR) turnover generated 700,000 Tons production capacity 46+ Billions (PKR) contribution to National ex-chequer * Data presented till September 30, 2022
Slide 20: Aisha Steel's Trendline
Aisha Steel’s Trendline Profit after tax (Mln PKRs) Revenue (Bln PKRs) Gross Profit (Bln PKRs) 6,368 65 11.19 55 30 5.51 (617) 1,146 1,284 20 19 3.31 254 2.37 7 1.68 0.15 Q1 FY23 2022 2021 2020 2019 2018 (1,411) Q1 FY23 2022 2021 2020 2019 2018 Q1 FY23 2022 2021 2020 2019 2018 Production (Thousand T
Slide 21: Ratios
Ratios Current Ratio (Times) Debt to Equity Return on Capital Equity Debt Employed 19% 67 69 65 0.97 0.91 1.05 49% -7% 33 31 35 Q1 FY23 FY22 FY21 Q1 FY23 FY22 FY21 Q1 FY23 FY22 FY21 Return on Equity Ratio Interest Coverage Ratio (Times) 44.02% 6.63 8.17% 1.55 -1.49 -11.18% Q1 FY23 FY22 FY21 Q1 FY23
Slide 22: Results (PKR in '000)
Results (PKR in ‘000) Q1 FY 2023 FY 2022 FY 2021 Sales 6,542,516 64,830,418 55,116,371 Cost of sales (6,389,897) (59,316,732) (43,931,004) Gross profit 152,619 5,513,686 11,185,367 Selling and distribution cost (24,041) (421,489) (239,061) Administrative expenses (93,387) (395,401) (356,703) Operati
Slide 23: Dividend
Dividend • Final cash dividend on ordinary shares (ASL) of Rs. Nil per share (2021: Rs. 2 per share) for the year ended June 30, 2022. • Dividend on cumulative preference shares (ASLPS and ASLCPS) for the year ended June 30, 2022 amounting to Rs. 52.2 million and Rs. 0.2 million respectively. • Paid
Slide 24: Question & Answer Session
QUESTION & ANSWER SESSION
Slide 25: Thank You
Thank You Corporate Briefing Session