Bannu Woollen Mills Limited · PSX:BNWM
Bannu Woollen Mills — FY2024 Earnings Presentation
19 slides from Bannu Woollen Mills's earnings presentation, Nov 20, 2024
Slide 1: Bannu Woollen Mills Limited Corporate Briefing Session
Bannu Woollen Mills Limited Corporate Briefing Session For the Year Ended June 30, 2024 TO BEMARKET LEADERS INWOOLLEN/BLENDED FABRICS, BLANKETS &SHAWLS Date : 20 November, 2024 Presented by : Mr. Azmat Khan 1
Slide 2: Contents
CONTENTS • Company Brief • Overall Business Environment –Y 2024 • Financial Details • Future challenges / prospects Questions & Answers • Questions & Answers 2
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Bannu Woollen Mills Limited (BWM) solely for information purpose. The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that
Slide 4: Company Brief (June 30, 2024)
COMPANY BRIEF (June 30, 2024) Bannu Woollen Mills Limited (the Company) was incorporated in Pakistan as a Public Company in the year 1960 under the Companies Act, 1913 (now the Companies Act, 2017) and its shares are quoted on Pakistan Stock Exchange Ltd. The Company is principally engaged in manufa
Slide 5: Board Members
BOARD MEMBERS Status Name of Directors Non-Executive Lt. Gen. Ali Kuli Khan Khattak (Retd) Executive Mrs. Shahnaz Sajjad Ahmad – CEO Non-Executive Mr. Ahmad Kuli Khan Khattak – Chairman Non-Executive Dr. Shaheen Kuli Khan Khattak Independent Brig Agha Arshad Raza (Retd) Non-Executive Syed Zubair Ahm
Slide 6: Board Committees and Key Management Personnel
BOARD COMMITTEES AND KEY MANAGEMENT PERSONNEL BOARD COMMITTEES ALONGWITH MEMBERS Chairman Mr. Ahmad Kuli Khan Khattak-Chairman BOD BOARD AUDIT COMMITTEE CEO 1. Mr.Abdul Rehman Qureshi-Chairman Mrs. Shahnaz Sajjad Ahmad 2. Brig (R)Agha Arshad Raza -Member 3. SyedZubair Ahmed Shah-Member COO Mr. Khali
Slide 7: BiboJee Group of Companies
ASSOCIATED COMPANIES • Janana De Malucho Textile Mills Limited. • Rahman Cotton Mills Limited. BiboJee • The Universal Insurance Co. Limited. • Bibojee Services (Pvt) Limited. Group of • Gammon Pakistan Limited. • Ghandhara Tyre & Rubber Co, of Pakistan Limited. ( formally known as The General Tyre
Slide 8: Overall Business Environment - FY 2024
OVERALL BUSINESS ENVIRONMENT - FY 2024 In this challenging environment, the Company is Business Overview endeavoring to: • Economic challenges: • Operational efficiency and low costs • Low foreign exchange reserves. • Anticipated rise in revenues (mainly volumetric) • Significant increase in energy
Slide 9: Total Assets (Rs. Million)
Total Assets: (Rs. Million) Current Assets %age Current Assets Jun. 30, 2024 Jun. 30, 2023 900 Change Jun-24 (Rs. Million) Jun-23 (Rs. Million) 800 700 Stores & spares 150.81 111.79 34.90% 600 Stock in trade 815.12 647.29 25.93% 500 Trade Debts 126.13 291.50 56.73% 400 Advances to 22.12 37.86 41.57%
Slide 10: Solvency Ratios
Solvency Ratios: Jun. 30, Jun. 30, Benchmark Solvency Ratio Ratio 2024 2023 ratios 2.50 Jun-24 Current Ratio 2.10 2.11 1.75 Jun-23 Benchmark ratios 2.00 Quick Ratio 0.64 1.00 1.00 1.50 Cash Ratio 0.01 0.09 0.25 1.00 Total Debt/ Equity Ratio 0.24 0.28 0.50 0.50 Long term Debt/ Equity Ratio 0.06 0.08
Slide 11: Liquidity Ratios
Liquidity Ratios: Liquidity Ratio Jun. 30, Jun. 30, Benchmar Ratio 8.00 2024 2023 k ratios 7.00 Jun-24 Jun-23 6.00 Benchmark Debtor Turnover Ratio 7.07 3.56 2.00 5.00 4.00 3.00 Working Capital Ratio 2.10 2.11 1.75 2.00 1.00 0.00 Total Assets Turnover Ratio 0.23 0.29 0.25 Debtor Turnover Ratio Workin
Slide 12: Total Liabilities (Rs. Million)
Total Liabilities: (Rs. Million) Current Liabilities Jun. 30, Jun. 30, %age Current Liabilities 2024 2023 Change 450 Jun-24 (Rs. Million) Jun-23 (Rs. Million) 400 Trade & Other payables 106.88 115.44 7.41% 350 300 Unpaid Dividend 3.45 3.45 0.00% 250 Unclaimed Dividend 4.75 4.75 0.00% 200 150 Accrued
Slide 13: Financial details – 2023 Vs. 2024
Financial details – 2023 Vs. 2024 2024 2023 Operating Profit (Rs in Million) Sales Revenue 59 (Rs in Million) 891 Rs.33.705 million Loss 108 1,038 before adjustment of associate share Earnings / (loss) Profit / (Loss) per share 32.21 After Tax 306 Rs.334.594 (Rs/Share) (Rs in Million) million Unreal
Slide 14: Profit & Loss ratios
Profit & Loss ratios: Jun. 30, Jun. 30, P&L %ages Ratio 2024 2023 40.00 Jun-24 Jun-23 30.00 Gross Profit %age 26.03% 25.69% 20.00 10.00 Operating Profit %age 6.57% 10.38% 0.00 Gross Profit %age Operating Profit %age Net Profit %age Effective tax rate %age (10.00) Net Profit %age 34.36% -33.03% (20.0
Slide 15: Production Data and Finished Goods
Production Data and Finished Goods Year Ended Jun. 30, 2024 2023 Production Data Production (finished) Meters 894,715 1,217,876 Cost of Sales as Percentage of Revenue % 73.97 74.31 Capacity utilization : Spinning / Weaving % 65%/60% 56%/60% Total Manufacturing Costs Per Unit Produced Minus Materials
Slide 16: Key Variances
Key Variances Jun. 30, Jun. 30, Variance 2024 2023 Variance of P&L over the corresponding period is mainly due to the following: Rupees in thousand Raw materials including WIP adjustment 305,712 392,528 (86,816) Salaries and wages 282,161 245,772 36,389 Power and fuel 103,325 72,624 30,701 Repair an
Slide 17: Current challenges / Future prospects
Current challenges / Future prospects Inflation and increase We are facing following Conducive operating Increased overheads in prices of raw current challenges / environment and adversely affecting materials, fuel and circumstances; currency stabilization cost per meter. utilities, minimum wages. M
Slide 18: Questions and Answers Session
Questions and Answers Session 18
Slide 19: Thank You
THANK YOU 19