Sitara Chemicals Industries Ltd. · PSX:SITC

Sitara Chemicals Industries — Sitara Chemical Industries — Corporate Update (November 2023)

15 slides from Sitara Chemicals Industries's corporate update, Nov 20, 2023

  1. Slide 1: Corporate Briefing Session FY 2022-23 & 1st Quarter FY 2023-24

    Eo Sitara Chemical Industries Limited ae’ EXCELLENCE, QUALITY, TRUST. Corporate Briefing Session Financial Year: 2022-23 & 15* Quarter FY 2023-24 Date: November 20, 2023

  2. Slide 2: Answer Session

    S CHEMICAL INDUSTRIES LTD. Answer Session 1 -»>

  3. Slide 3: Sitara Chemical Industries Limited company background

     Sitara Chemical Industries Limited (SCIL) incorporated in September 08, 1981 as public limited company under Companies Act, 1913.  Company got listing in Karachi Stock Exchange in June 10, 1987 and has corporate symbol “SITC”  Company is a Shariah Compliant Company certified by SECP since March

  4. Slide 4: Soap noodles, textile and power plant capacities

     Chemical division has also a European Technology based Soap Noodles manufacturing plant having production capacity of 34,000 M. Ton per year.  Textile segment of the company has installed capacity of 28,512 number of spindles for producing quality yarn. Company has also marketed its own suiting b

  5. Slide 5: Board of Directors and committees

    Chairman Mr. Ahmad Hassan (Independent Director) Chief Executive Officer Mr. Muhammad Adrees (Executive Director) Directors Mr. Haseeb Ahmad (Executive Director) Mr. Haroon Ahmad Zuberi (Independent Director) Mr. Ahmad Nawaz (Non-executive Director) Mr. Najmul Hoda Khan (Non-executive Director) Mrs.

  6. Slide 6: Product range: chemicals, gases, oleo chemicals, textile

    Basic Chemicals Major Specialty Chemicals  Caustic Soda Liquid (32% - 50 %)  Caustic Soda Flakes  Calcium Chloride (77% & 94%)  Sodium Hypochlorite  Magnesium Sulphate  Hydrochloric Acid  Magnesium Chloride  Liquid Chlorine  Ferric Chloride  Bleaching Powder  Fly-Ash Bricks and Tuff Tiles

  7. Slide 7: Challenges during FY 2023

     Decelerated growth due to multiple global factors including the Russia-Ukraine war.  Unprecedented episode of torrential rains followed by flash flooding at the beginning of the financial year.  Unprecedented inflation.  High discount rates. SBP increased policy rate cumulatively by 825 bps dur

  8. Slide 8: Financial Performance (FY-2023 Vs. FY-2022)

    Financial Performance (FY-2023 Vs. FY-2022) Growth Jun-2023 Jun-2022 FY-2023 (% age) (Rs. in million) (Rs. in million) Revenue from contracts with customers – net 27.1% 27,493 21,626 Gross profit 55.9% 4,480 2,873 Gross profit (%) 16.3% 13.3% Operating profit (EBIT) 71.9% 3,088 1,796 Operating profi

  9. Slide 9: Financial Performance (1st Quarter 2024 Vs. 1st Quarter 2023)

    Financial Performance (1st Quarter 2024 Vs. 1st Quarter 2023) Growth 1st Quarter Sep-2023 Sep-2022 2024 (% age) (Rs. in million) (Rs. in million) Revenue from contracts with customers – net 46.4% 7,613 5,199 Gross profit 148.4% 1,185 477 Gross profit (%) 15.6% 9.2% Operating profit (EBIT) 334.4% 821

  10. Slide 10: Financial Position (FY-2023 Vs. FY-2022)

    Financial Position (FY-2023 Vs. FY-2022) Increase/ Jun-2023 Jun-2022 (Decrease) (Rs. in (Rs. in (% age) million) million) Property, plant and equipment 6.4% 18,459 17,345 Other non-current assets 16.8% 4,783 4,094 Current assets 5.2% 11,698 11,115 Total Assets 7.3% 34,940 32,554 Equity (including su

  11. Slide 11: Financial Position (September 2023 Vs. June 2023)

    Financial Position (September 2023 Vs. June 2023) Increase/ Sep-2023 Jun-2023 (Decrease) (Rs. in (Rs. in (% age) million) million) Property, plant and equipment 4.9% 19,372 18,459 Other non-current assets (5.9)% 4,501 4,783 Current assets 11.3% 13,021 11,698 Total Assets 5.6% 36,894 34,940 Equity (i

  12. Slide 12: Expansion of 50 MW Coal Fired Power Plant

    Expansion of 50 MW Coal Fired Power Plant  Expansion of coal fired power plant 50 MW is in progress.  Major BTG Items’ LCs (Boiler, Turbine, and Generator) have been opened. Shipment of Generator has arrived at site; part shipments of Boiler have also arrived at site, while shipment of Turbine is

  13. Slide 13: Future outlook

     Unstable commodity & oil prices due to Russia-Ukraine conflict & Israel-Hamas war.  Increase in energy prices i.e. electricity, RLNG, coal etc.  Low demand of chemicals and textile products after contraction of global and economic outlook.  Discount rate may start to decline from the start of 3

  14. Slide 14: Sitara Chemical Industries Limited

    Sitara Chemical Industries Limited

  15. Slide 15: Question and Answer Session

    Question and Answer Session

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