Sapphire Fibres Limited · PSX:SFL
Sapphire Fibres — FY2022 Earnings Presentation
23 slides from Sapphire Fibres's earnings presentation, Nov 1, 2022
Slide 1: Sapphire Fibres Limited Corporate Briefing Session 2022
Sapphire Fibres Limited Corporate Briefing Session 2022
Slide 2: Contents
Contents Sapphire Fibres Limited Introduction Strategic / Operational Developments Historical Financial Highlights Financial Results 2022 Future Outlook Q & A Session
Slide 3: Sapphire Fibres Limited Introduction
01 Sapphire Fibres Limited Introduction
Slide 4: Sapphire Fibres Limited - Introduction
Sapphire Fibres Limited - Introduction Sapphire Fibres Limited (SFL) was incorporated in Pakistan on 05 June 1979 as a public limited company. The shares of the company are listed on Pakistan Stock Exchange. SFL is principally engaged in manufacturing and sales of yarn, fabrics and garments. Sapphir
Slide 5: Strategic / Operational Developments
02 Strategic / Operational Developments
Slide 6: Strategic / Operational Developments
Strategic / Operational Developments Denim Division: During the year, investment of Rs. 239 million on BMR of Finishing and weaving sections of Denim Division. Spinning Division: The Company during the year has invested Rs. 1.2 Billions on Twister, Combers, Gas Generator, Drawing, Winder, Carding, A
Slide 7: Historical Financial Highlights
03 Historical Financial Highlights
Slide 8: Composition of Local & Export Sales
50,000 Composition of Local & Export Sales 38,364 40,000 22,343 30,000 17,744 18,863 14,839 20,000 11,706 10,000 4,006 3,629 5,188 5,274 2,760 2,989 - 2017 2018 2019 2020 2021 2022 Local Sales Export Sales
Slide 9: Gross Profit and Net Profit
Gross Profit (Rs. Million) 10,288 12,000 10,000 3,941 8,000 2,865 974 2,824 6,000 1,825 4,000 2,000 - 2017 2018 2019 2020 2021 2022 Net Profit (Rs. Million) 6,215 8,000 6,000 2,274 4,000 1,139 1,145 759 1,125 2,000 - 2017 2018 2019 2020 2021 2022
Slide 10: Profitability Ratios
Profitability Ratios 90 21.0 80 70 26.6 60 50 9.2 40 29.5 5.4 12.0 30 5.4 5.5 3.9 7.1 6.7 7.0 5.0 14.3 14.8 20 9.1 10.6 11.9 10 - 2017 2018 2019 2020 2021 2022 Return on Capital Employed Return on Equity Return on Assets 70 22.0 60 50 16.3 14.2 15.9 17.6 40 17.8 13.8 30 8.3 6.4 3.5 5.0 20 7.9 23.6 1
Slide 11: Vertical Analysis - Total Assets and Equity & Liabilities (2022)
VERTICAL ANALYSIS-TOTAL ASSETS (2022) 55.0% Total non-current assets Total current assets 45.0% VERTICAL ANALYSIS-TOTAL EQUITY & LIABILITIES (2022) Total Equity 39.6% Total non-current liabilities 47.8% Total current liabilities 12.6%
Slide 12: Financial Results 2022 vs 2021
04 Financial Results 2022 vs 2021
Slide 13: Income Statement
Income Statement +58% Sales Rs. 43,637 million (2021: Rs. 27,531 million) Gross Profit Rs.10,288 million (23.58% of +161% sales) [2021: Rs.3,940 million (14.31% of sales)] Net Profit Rs.6,215 million (14.24% of +173% sales) [2021: Rs. 2,273 million (8.26% of sales)] Same Dividend paid Rs.207 million
Slide 14: Statement of value addition and its distribution
Statement of value addition and its distribution 2022 2021 Rs. (Millions) %age Rs. (Million) %age Value addition Sales 43,637 96.82 27,531 95.67 Other income 1,434 3.18 1,247 4.33 Total 45,071 100.00 28,778 100.00 Value distribution Cost of sales 33,349 73.99 23,592 81.97 Distribution expense 2,026
Slide 15: Balance Sheet Assets
Balance Sheet Assets 48,900 million 2022 2021 40,860 million 14,631 million (30%) Property, plant and equipment 12,898 million (32%) 9,599 million (20%) Long term and short term 11,156 million (27%) investments 15,103 million (31%) Stores and stocks 11,819 million (28%) 5,077 million (10%) Trade deb
Slide 16: Balance Sheet Equity & Liabilities
Balance Sheet Equity &Liabilities 48,900 million 2022 2021 40,860 million 23,369 million (48%) Shareholders Equity 18,915 million (46%) 7,234 million (15%) Total Long term liabilities 6,690 million (16%) 6,227 million (13%) Trade Liabilities 3,715 million (9%) 10,968 million (22%) Short Term Borrowi
Slide 17: Consolidated Income Statement
Consolidated Income Statement 2022 2021 Rs. (Million) Rs. (Million) Sales 65,729 39,732 Cost of sales (52,827) (32,556) Gross profit 12,902 7,176 Distribution cost Value Distribution (2,026) (1,057) Administrative and other expenses (1,206) (797) Other income 849 787 Finance cost (2,112) (1,423) Sha
Slide 18: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets 2022 2021 Rs. (Million) Rs. (Million) Property, plant and equipment 25,988 24,923 Long and short term investments 12,243 8,612 Value Distribution Stores and stocks 15,422 12,095 Trade debts 13,957 15,463 Cash and banks 671 519 Other assets 5,515 3,238 Total 73,796
Slide 19: Consolidated Balance Sheet - Equity & Liabilities
Consolidated Balance Sheet – Equity & liabilities 2022 2021 Rs. (Million) Rs. (Million) Equity of parent shareholders 35,034 29,281 Non-controlling interest 6,339 5,877 Value Distribution Long term financing 7,248 6,221 Trade liabilities 9,105 5,395 Short term borrowing 14,877 16,958 Taxation 844 40
Slide 20: Future Outlook
05 Future Outlook
Slide 21: Future Outlook
Future Outlook In last five years, your company has been able to grow at an impressive cumulative annual growth rate of 25% and shareholder returns have improved significantly during the same period. However, Pakistan’s economy is now facing numerous challenges resulting in expected slowdown of econ
Slide 22: Q & A Session
06 Q & A Session
Slide 23: Thank You!
_ indanke YOU: __