Siddiqsons Tin Plate Limited · PSX:STPL
Siddiqsons Tin Plate — Investor Presentation (2024)
13 slides from Siddiqsons Tin Plate's investor presentation, 2024
Slide 1: Siddiqsons Tinplate Limited Corporate Briefing 2023/2024
SIDDIQSONS TINPLATE LIMITED Corporate Briefing : 2023/2024
Slide 2: Company Overview
COMPANY OVERVIEW ❖ Siddiqsons Tin Plate Limited is the first and only Tin Plate producer in Pakistan. ❖ The Company was established in 1996, in collaboration with SOLLAC of France and Mitsubishi Corporation ❖ The factory is located at special industrial zone, Windhar, Baluchistan ❖ The project has a
Slide 3: Corporate Information
CORPORATE INFORMATION Board of Directors Entity Rating - Mr. Tariq Rafi Chairman Entity Rating: Long-Term: A- - Mr. Naeem ul Hasnain CEO Short-Term: A2 - Mr. Ibrahim Shamsi Non-Exe. director - Ms. Alia Sajjad Non-Exe. director The ratings reflect Siddiqsons Tin Plate’s established foothold in the ti
Slide 4: Key Highlights
KEY HIGHLIGHTS Significant drop in operational activities, resulting in 16% reduction in revenue and 40% decline in CAPU; Prime contributing factor for the suppressed operations are the useage of Galvalume in tin packaging despite of its grave health hazards; Another major factor responsible f
Slide 5: Operational Highlights
OPERATIONAL HIGHLIGHTS (Rs. in 000’s) Description % March 24 March 23 June 23 Net sales (16%) 3,029,786 3,627,711 4,393,767 EBITDA (51%) 247,822 503,856 240,067 % of sales 8.0% 13.89% 5.4% (Loss)/Profit before tax (255%) (173,857) 112,387 50,948 % of sales (6.0%) 3.1% 1.2% EPS (0.76) 0.49 0.01 Quant
Slide 6: Quarterly Operational Analysis
QUARTERLY OPERATIONAL ANALYSIS (Rs. in millions) 1165 1144 1099 1044 721 547 QTR 1 -100 QTR 2 -37 QTR 3 -38 Sales COGS LBT
Slide 7: Breakup of Total Cost/Expenses
BREAKUP OF TOTAL COST/EXPENSES TOTAL COST COST OF SALES other Operaitng Finance cost Depreciation expenses 13% 1% Other operating 1% expenses 2% Fuel & Power Admin. Expenses 1% 3% Disctribution expenses Salaries & wages 0% 5% COGS Raw Material 83% 91%
Slide 8: Trend Analysis
TREND ANALYSIS Sales Revenue Profit After Tax 6,000 5,848 350 300 5,000 4,723 250 4,394 200 4,000 3,556 150 3,409 3,030 100 3,000 50 2,000 0 FY19 FY20 FY21 FY22 FY23 3QFY24 -50 1,000 -100 -150 - FY19 FY20 FY21 FY22 FY23 3QFY24 -200
Slide 9: Trend Analysis
TREND ANALYSIS Capacity Utilization Quantity Sold 25% 25% 35000 32540 30000 20% 20% 25000 23784 16% 22489 15% 13% 20000 17100 10% 15000 13856 10% 7% 9152 10000 5% 5000 0% 0 FY19 FY20 FY21 FY22 FY23 3QFY24 FY19 FY20 FY21 FY22 FY23 3QFY24
Slide 10: CISRI Dispute Status
CISRI DISPUTE STATUS - The appeal filed in High Court of Singapore has been turned down. - As per the Board’s decision, we have filed a fresh appeal in Supreme Court of Singapore
Slide 11: Future Outlook
FUTURE OUTLOOK - Domestic market is being shrinked gradually, therefore the following measures are being adopted by the management to ensure sustainability: - Reduction in excess manpower; - Stringent cost saving measures including reduction in material wastages; - No production in peak hours, to re
Slide 12: Q & A
Q&A email: furrukh@siddiqsonstinplate.com
Slide 13: Thank You
THANK YOU