Gadoon Textile Mills Limited · PSX:GADT
Gadoon Textile Mills — H1 FY2021 Earnings Presentation
23 slides from Gadoon Textile Mills's earnings presentation, Feb 22, 2021
Slide 1: Corporate Briefing Session for the Half Year Ended December 31, 2020
CORPORATE BRIEFING SESSION FOR THE HALF YEAR ENDED DECEMBER 31,2020
Slide 2: Overview
Overview Gadoon Textile Mills Limited (GTML) was incorporated in Pakistan on February 23, 1988 as a public limited company under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) and is listed on Pakistan Stock Exchange. GTML is one of the largest spinning unit of Pakistan, primarily
Slide 3: Business Segments
Business Segments SPINNING KNITTING DAIRY
Slide 4: Product Lines
Product Lines Man- made Spun MVS Melange MJS Spinning Siro Open End Poly / TFO Cotton Zero Twist
Slide 5: Achievement
ACHIEVEMENT
Slide 6: PSX Awards
PSX Awards Allhamdulillah, the management feels proud to announce that the Company (being the only Textile Company in the list) managed to secure the position in the Top 25 Companies as announced by the PSX for the year 2019. The criteria used by PSX for assigning the position are as: (i) Capital Ef
Slide 7: Financial Statements Analysis
FINANCIAL STATEMENTS ANALYSIS
Slide 8: Business Analysis at a Glance
BUSINESS ANALYSIS AT A GLANCE Positive Negative SPINNING 2020 2019 % Change COST OF SALES 2020 2019 % Change Local Sales 15,454,186 11,918,360 29.67% Raw Material 11,567,683 11,357,138 1.85% Export Sales 1,877,267 4,186,587 -55.16% Power 1,985,829 1,963,358 1.14% Salaries 1,210,980 1,159,097 4.48% S
Slide 9: Ratio Analysis
December June RATIO ANALYSIS UoM 2020 2019 2018 2020 2019 2018 Gross Profit to sales Percentage 7.87% 9.99% 9.00% 7.73% 9.27% 7.06% Net profit after tax to sales Percentage 4.57% 4.87% 3.95% 0.16% 3.80% 4.30% EBITDA to sales Percentage 10.16% 12.27% 10.74% 7.80% 11.41% 10.11% EBDA to sales Percentag
Slide 10: Revenue, Cost of Sales, GP Ratio, Finance Cost
Rs in '000 Rs in '000 Revenue Cost of Sales 20,000,000 18,553,046 18,000,000 17,092,930 16,824,121 15,142,829 18,000,000 16,000,000 14,366,286 12,152,964 13,073,156 16,000,000 12,940,068 14,000,000 14,000,000 11,680,290 10,994,267 12,000,000 12,000,000 10,000,000 10,000,000 8,000,000 8,000,000 6,000
Slide 11: Profit After Tax, EBITDA, CAPEX, Current Ratio
Rs in '000 Rs in '000 Profit After Tax EBITDA 900,000 847,168 2,500,000 818,683 800,000 2,063,633 2,000,000 1,885,907 700,000 567,462 1,542,401 600,000 1,500,000 500,000 1,110,941 404,346 1,003,524 400,000 366,870 1,000,000 300,000 500,000 200,000 100,000 - - December December December December Dece
Slide 12: Raw Material Consumed, Power and Fuel
Power and fuel, 12.30% Power and fuel, 12.45% Salaries and Salaries and Wages, 7.50% Wages, 7.35% Packing Packing materials, Raw material Raw material materials, 2.13% 1.88% consumed, consumed, 71.65% Stores Stores 72.03% consumed, consumed, Other 2.88% Other 2.54% manufacturing, manufacturing, 3.54
Slide 13: Break-up Value, Market Value and EPS
Break-up Market Earning Market Fiscal Year Value Value Per Capitalisation Per Share Rs Per Share Rs Share Rs Rs in '000 M.V. dated 22-Feb-2021 December 2016 246.19 270.94 13.09 7,594,448 PKR 252 December 2017 265.50 207.67 14.43 5,820,990 Last 52 weeks range: December 2018 304.17 268.13 20.24 7,515,
Slide 14: Financial Statements for the Six Months Ended December 31, 2020
FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2020
Slide 15: Statement of Financial Position (Assets)
Statement of Financial Position Dec 31, Jun 30, 2020 2020 -------Rupees in '000------- ASSETS Non-current Assets Property, plant and equipment 9,764,906 10,165,007 Biological Asset - Animals 192,194 190,214 Long term advance - - Long term loans 26,853 39,632 Long term deposits 33,576 29,505 Long ter
Slide 16: Statement of Financial Position (Equity and Liabilities)
Statement of Financial Position Dec 31, Jun 30, 2020 2020 -------Rupees in '000------- EQUITY AND LIABILITIES Share Capital and Reserves Issued, subscribed and paid up capital 280,296 280,296 Capital reserves 137,541 137,541 Revenue reserves 9,513,689 8,666,521 Total Equity 9,931,526 9,084,358 Non-c
Slide 17: Statement of Profit or Loss
Statement of Profit or Loss For the Six Months ended 31-Dec-20 % 31-Dec-19 % Variance % -------Rupees in '000------- Sales - net 18,553,046 100.0 16,824,121 100.0 1,728,925 10.3 Cost of sales (17,092,930) (92.1) (15,142,829) (90.0) (1,950,101) (12.9) Gross profit 1,460,116 7.9 1,681,292 10.0 (221,17
Slide 18: Statement of Cash Flows
Statement of Cash Flows Six months ended December 31 2020 2019 (Rupees in ‘000) Cash Flows from Operating Activities Cash generated from operations 6,065,755 1,709,924 Gratuity paid (86,782) (82,130) Income taxes paid (147,934) (181,281) Rebate received 50 35,598 Finance cost paid (342,162) (637,070
Slide 19: Future Outlook
FUTURE OUTLOOK
Slide 20: Future Outlook
Future Outlook • With the availability of COVID-19 vaccines, it is expected that globally, the impact of COVID-19 pandemic will now be minimized and accordingly the global economic activities will resume to normalcy. • Even though the effect of the 2nd wave of the COVID-19 pandemic is still there, t
Slide 21: Future Outlook (Cont'd)
Future Outlook --- Cont’d • It is also expected that in order to keep the wheel of the economy moving, there will be no increase in interest rates in the short term. Accordingly this will have the direct positive impact on the Company’s profitability. • Company is benefiting from the increase in int
Slide 22: Q&A Session
Q&A SESSION
Slide 23: Thank You
THANK YOU
Gadoon Textile Mills — H1 FY2021 Earnings Presentation on 6ix