Redco Textiles Limited · PSX:REDCO

Redco Textiles — Investor Presentation (2023)

20 slides from Redco Textiles's investor presentation, 2023

  1. Slide 1: Redco Textiles Limited Corporate Briefing Session 2023

    REDCO TEXTILES LIMITED CORPORATE BRIEFING SESSION 2023

  2. Slide 2: Contents

    CONTENTS • COMPANY PROFILE • KEY STRATEGIC & OPERATIONAL DEVELOPMENT • HISTORICAL FINANCIAL HIGHLIGHTS • FINANCIAL RESULTS • FUTURE OUTLOOK

  3. Slide 3: Company Profile

    COMPANY PROFILE • Redco Textiles Limited is a Public Limited Company, incorporated in Pakistan on 17 October 1991. It was incorporated under the repealed Companies Ordinance, 1984 now the Companies Act, 2017 and is listed on Pakistan Stock Exchanges. Redco's principal activities include manufacture

  4. Slide 4: Key Strategic & Operational Development

    KEY STRATEGIC & OPERATIONAL DEVELOPMENT • The Weaving Unit of the Company is fully operational and the Company added 20 new Toyota Airjet Looms in its Weaving Unit during the year 2022-2023. • The Weaving Unit of the Company consists of 200 Toyota Airjet Looms with the installed capacity of 64,348,8

  5. Slide 5: Historical Financial Highlights: Sales

    HISTORICAL FINANCIAL HIGHLIGHTS Sales Rs in thousands 1,400,000 1,200,000 870,963 1,000,000 800,000 728,594 600,000 495,470 400,000 251,367 355,476 200,000 - 2019 2020 2021 2022 2023

  6. Slide 6: Historical Financial Highlights: Gross Profit

    HISTORICAL FINANCIAL HIGHLIGHTS Gross Profit Rs in thousands 65,846 70,000 63,000 51,439 56,000 45,344 49,780 49,000 36,803 42,000 35,000 28,000 21,000 14,000 7,000 2019 2020 2021 2022 2023

  7. Slide 7: Historical Financial Highlights: Net Profit after Taxation

    HISTORICAL FINANCIAL HIGHLIGHTS Net Profit after Taxation Rs in thousands 100,000 90,000 77,845 80,000 70,000 55,441 60,000 50,000 40,000 30,000 20,952 17,485 20,000 942 10,000 2019 2020 2021 2022 2023

  8. Slide 8: Historical Financial Highlights: Total Assets

    HISTORICAL FINANCIAL HIGHLIGHTS Total Assets Rs in thousands 3,181,950 3,500,000 3,000,000 2,161,571 2,500,000 1,749,685 2,000,000 1,268,372 1,500,000 1,064,884 1,000,000 500,000 - 2019 2020 2021 2022 2023

  9. Slide 9: Historical Financial Highlights: CAPEX

    HISTORICAL FINANCIAL HIGHLIGHTS CAPEX Rs in thousands 424,109 450,000 353,738 375,000 300,000 218,485 225,000 200,000 175,000 149,643 150,000 125,000 100,000 75,000 23,985 50,000 25,000 - 2019 2020 2021 2022 2023

  10. Slide 10: Historical Financial Highlights: Shareholders' Equity

    HISTORICAL FINANCIAL HIGHLIGHTS Shareholders' Equity Rs in thousands 350,000 303,994 300,000 215,445 226,625 250,000 200,000 150,000 72,937 100,000 50,000 (22,730) - (50,000) 2019 2020 2021 2022 2023

  11. Slide 11: Financial Results 2023 vs 2022: Income Statement

    FINANCIAL RESULTS 2023 vs 2022 INCOME STATEMENT • Sales Rs. 870.963 million (2022: 728.594 million) • Gross Profit Rs. 49.780 million (5.72% of Sales) [2022: Gross profit Rs. 65.847 million (9.04% of sales)] • Profit after taxation Rs. 77.845 million (8.94% of Sales) [2022: Profit after taxation 17.

  12. Slide 12: Statement of value addition and its distribution

    Statement of value addition and its distribution 2023 2022 Rs. In thousand % age Rs. In thousand % age Value addition Sales 870,963 91.44 728,594 99.89 Other income 81,488 8.56 800 0.11 Total 952,451 100.00 729,394 100.00 Value distribution Cost of sales 821,183 93.89 662,747 93.09 Distribution expe

  13. Slide 13: Statement of value addition and its distribution 2023

    Statement of value addition and its distribution 0% 2023 4% 2% 0% Cost of sales Distribution expense Administrative and other expenses Finance cost Income Tax 94%

  14. Slide 14: Statement of value addition and its distribution 2022

    Statement of value addition and its distribution 0% 2022 Cost of sales 0% 0% 5% Distribution expense Administrative and other expenses Finance cost Income Tax 93%

  15. Slide 15: Balance Sheet Assets

    Balance Sheet Assets 2023 2022 Rs. In thousand % age Rs. In thousand % age Property, plant and equipment 1,751,048 55.03% 1,715,529 79.36% Long term investment 39 0.00% 39 0.00% Long term deposits 12,022 0.38% 10,019 0.46% Stores, spare parts and loose tools 761,256 23.92% 49,448 2.29% Stock in trad

  16. Slide 16: Balance Sheet Equity & Liabilities

    Balance Sheet Equity & Liabilities 2023 2022 Rs. In thousand % age Rs. In thousand % age Shareholders Equity 303,994 9.55% 226,625 10.48% Deferred liabilities 20,749 0.65% 18,507 0.86% Long term payables 16,248 0.51% 16,267 0.75% Trade and other payables 390,315 12.27% 220,358 10.19% Accrued mark up

  17. Slide 17: Key Performance Ratios

    KEY PERFORMANCE RATIOS 2023 2022 Balance Sheet Ratios Return on equity 25.61% 7.7% Current Ratio 0.5 0.23 Quick Ratio 0.44 0.19 Earnings per share 1.579 0.355 Price Earnings (P/E) Ratio 6.19/1.579 7.75/0.355

  18. Slide 18: Future Outlook

    FUTURE OUTLOOK We have a clear strategy and our focus for the year ahead remains on expanding our position in the textile sector with ongoing investment in textile sector businesses as we continue to build path ways towards future, sustainable and long-term growth. Because of bumper cotton crop duri

  19. Slide 19: Q & A Session

    Q & A SESSION

  20. Slide 20: Thank You

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