Sapphire Fibres Limited · PSX:SFL
Sapphire Fibres — Corporate Update (2023)
30 slides from Sapphire Fibres's corporate update, Nov 15, 2023
Slide 1: Sapphire Fibres Limited Corporate Briefing Session 2023
Sapphire Fibres Limited Corporate Briefing Session 2023
Slide 2: Contents
Contents 01 Sapphire Fibres Limited Introduction 02 Strategic / Operational Developments 03 Historical Financial Highlights 04 Financial Results 2023 05 Future Outlook 06 Q & A Session
Slide 3: Sapphire Fibres Limited Introduction
01 Sapphire Fibres Limited Introduction
Slide 4: Introduction: Vision and Mission
Introduction Vision Mission To be one of the premier textile Our mission is to be recognized as company recognized for premier supplier to the markets leadership in technology, we serve by providing quality flexibility, responsiveness and yarns, fabrics and other textile quality. products to satisfy
Slide 5: Introduction
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. Sapphire Electric Company Limit
Slide 6: Strategic / Operational Developments
02 Strategic / Operational Developments
Slide 7: Strategic / Operational Developments
Strategic / Operational Developments Denim Devision: During the year, investment of Rs. 171 million on PICANOL Weaving Machines and Caustic Spinning Division: Recovery plant in Denim Division has been made. The Company during the year has invested Rs. 198 million on Blowroom Line, Draw Frame, Lycra
Slide 8: Historical Financial Highlights
03 Historical Financial Highlights
Slide 9: Sales
Sales Total Sales Rs. In Million 50,000 46,447 43,638 45,000 40,000 35,000 27,531 30,000 21,750 22,492 25,000 17,828 20,000 15,000 10,000 5,000 - 2018 2019 2020 2021 2022 2023 38,959 50,000 38,364 40,000 22,343 30,000 17,744 18,863 14,839 20,000 7,488 10,000 4,006 3,629 5,188 5,274 2,989 - 2018 2019
Slide 10: Profits to Sales
Profits to Sales 25.0 23.6 19.2 20.0 14.3 14.2 15.0 13.2 12.6 11.0 10.2 10.0 8.3 6.4 5.0 5.0 3.5 0.0 2018 2019 2020 2021 2022 2023 Gross Profit to Sales Net Profit to Sales
Slide 11: Profitability Ratios and Liquidity Ratios
Profitability Ratios 90 21.0 80 70 15.4 60 50 9.2 26.6 40 5.4 18.5 30 5.5 3.9 20 12.0 29.5 24.3 10 7.1 7.0 5.0 14.3 14.8 - 10.6 11.9 2018 2019 2020 2021 2022 2023 Return on Capital Employed Return on Equity Return on Assets Liquidity Ratios 1.6 1.4 1.1 1.2 1.0 1.1 0.7 0.6 0.8 0.6 0.5 0.5 2018 2019 2
Slide 12: Investors Ratios
Investors Ratios 1,500.00 1,000.00 500.00 - 2018 2019 2020 2021 2022 2023 Breakup value per share Market value per share at the end of the year Share Price - High during the year Share Price - Low during the year 15 12.0 10.0 10.0 10.0 8.0 10 5 1.4 1.0 1.3 0.9 0.9 0.0 - 2018 2019 2020 2021 2022 2023
Slide 13: Activity / Turnover Ratio and Interest Coverage Ratio
Activity / Turnover Ratio 250 27.5 225 13.8 15.2 22.3 13.4 200 15.6 175 150 52.4 32.8 32.6 49.2 59.4 125 46.7 146.1 140.6 140.3 100 133.3 75 112.4 97.6 50 25 - 2018 2019 2020 2021 2022 2023 Inventory Turn Over Debtor Turnover Creditors Turnover Interest Coverage Ratio 7 0.3 6 0.3 0.2 5 0.3 5.8 4 0.3
Slide 14: Financial Position: Equity & Liabilities, Assets
Financial Position Equity & Liabilities 2018 49.9% 13.3% 36.8% 2019 43.8% 11.3% 44.9% 2020 46.3% 14.5% 39.2% 2021 46.3% 13.9% 39.8% 2022 47.8% 12.6% 39.6% 2023 54.2% 10.8% 35.0% Equity Non-Current Liabilities Current Liabilities Assets 2018 59.0% 41.0% 2019 54.5% 45.5% 2020 58.3% 41.7% 2021 51.7% 48
Slide 15: Statement of Profit or Loss
Statement of Profit or Loss Sale & Other Income 93% 7% 2019 98% 2% 94% 6% 2021 96% 4% 97% 3% 2023 96% 4% Sale Other Income Cost of Sales and Expenses 89.9% 10.1% 2019 88.8% 11.2% 87.7% 12.3% 2021 90.4% 9.6% 87.7% 12.3% 2023 88.7% 11.3% Cost of Sales Other Expenses
Slide 16: Statement of Profit or Loss: Vertical Analysis - Expenses (2023)
Statement of Profit or Loss Vertical Analysis - Expenses (2023) 41% Distribution cost 41% Administrative expenses Other operating expenses 7% 11% Finance cost 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - 2023 2022 2021 2020 2019 2018 Distribution cost Administrative expenses Other operating exp
Slide 17: Cash Flow Analysis
Cash Flow Analysis 2,652 2,814 3,000 2,299 1,644 2,000 1,037 302 475 1,000 - (445) (682) (1,000) (691) (935) (1,207) (1,296) (1,359) (2,000) (1,724) (1,555) (1,975) (3,000) (2,975) 2018 2019 2020 2021 2022 2023 Operating Activities Investing Activities Financing Activities
Slide 18: Vertical Analysis - Total Assets and Equity & Liabilities (2023)
VERTICAL ANALYSIS-TOTAL ASSETS (2023) 56.3% Total non-current assets Total current assets 43.7% VERTICAL ANALYSIS-TOTAL EQUITY & LIABILITIES (2023) Total Equity 35.0% Total non-current liabilities 10.8% 54.2% Total current liabilities
Slide 19: Financial Results 2023 vs 2022
04 Financial Results 2023 vs 2022
Slide 20: Key Highlights
Key Highlights Sales Net Profit 6.5% 17.6% Current Dividend Ratio 15.8% (100%) Break-up Value 18.6%
Slide 21: Statement of Value Addition and its Distribution
Statement of Value Addition and its Distribution 2023 2022 Rs. in million %age Rs. in million %age Value addition Sales 46,447 95.94 43,638 96.82 Other income 1,965 4.06 1,434 3.18 Total 48,412 100.00 45,072 100.00 Value distribution Cost of sales 37,530 77.52 33,350 73.99 Distribution Expense 1,951
Slide 22: Consolidated Income Statement
Consolidated Income Statement 2023 2022 Rs. in million Rs. in million Sales 65,462 65,729 Cost of sales (52,977) (52,827) Gross Profit 12,484 12,902 Distribution Expense (1,951) (2,026) Administrative and other expenses (1,070) (1,206) Other income 1,131 849 Finance cost (2,336) (2,112) Share of Pro
Slide 23: Balance Sheet Assets
Balance Sheet Assets 2023 2022 51,156 Million 48,900 Million 15,148 million (30%) Property, plant and equipment (30%) 14,631 million Long term and short term (20%) 9,599 million 8,704 million (17%) investments Stores and stocks 15,467 million (30%) (31%) 15,103 million 7,446 million (15%) Trade Debt
Slide 24: Balance Sheet Equity & Liability
Balance Sheet Equity & Liability 2023 2022 51,156 Million 48,900 Million 27,709 million (54%) Shareholders Equity (48%) 23,369 million Total Long term Liabilities (15%) 7,234 million 6,696 million (13%) Trade Liabilities 6,547 million (13%) (13%) 6,227 million 8,872 million (17%) Short Term borrowin
Slide 25: Consolidated Balance Sheet – Assets
Consolidated Balance Sheet – Assets 2023 2022 Rs. (Million) Rs. (Million) Property, plant and equipment 25,941 25,988 Long and short term investments 8,894 12,243 Stores and stocks 15,780 15,422 Trade debts 19,609 13,957 Cash and banks 1,399 671 Other assets 5,139 5,515 Total 76,762 73,796
Slide 26: Consolidated Balance Sheet – Equity & Liabilities
Consolidated Balance Sheet – Equity & Liabilities 2023 2022 Rs. (Million) Rs. (Million) Equity of parent shareholders 41,040 35,034 Non-controlling interest 6,955 6,339 Long term financing 6,709 7,248 Trade liabilities 9,478 9,105 Short term borrowing 10,901 14,877 Taxation 968 844 Other liabilities
Slide 27: Future Outlook
05 Future Outlook
Slide 28: Future Outlook
Future Outlook Global growth is projected to remain weak by historical standards, falling from 3.5% in 2022 to 3.0% in both 2023 and 2024, while risks to the outlook are skewed more to the downside. The rise in central bank policy rates to fight inflation continues to weigh on economic activity. Glo
Slide 29: Q & A Session
06 Q & A Session
Slide 30: Thanks!
v Thanks!