Blessed Textiles Limited · PSX:BTL
Blessed Textiles — Investor Presentation (November 2024)
25 slides from Blessed Textiles's investor presentation, November 2024
Slide 1: Blessed Textiles Limited Corporate Briefing Session 2024
1 BLESSED TEXTILES LIMITED CORPORATE BRIEFING SESSION - 2024
Slide 2: Disclaimer
2 Disclaimer The Blessed Textiles Ltd has developed the presentation for the corporate briefing session, which is only intended for the participants discussion. Investors or prospective investors are not permitted to construe any statement, information, or representation made during the conversation
Slide 3: Table of Contents
3 Table of Contents o Introduction o Corporate Information o Group Structure o Outlook of Textile Sector o Key Performance Indicators o Financial Performance o Historical Data o Question and Answers o Thank You Note
Slide 4: Introduction
Introduction 4 The Blessed Textiles Ltd (“Company”) incorporated in 1987 and operated under the common management of the Umer Group. The company’s management is pioneered in textile sector based on extensive experience coupled with through knowledge both locally and globally. The company operates wi
Slide 5: Impact of policy rate and energy prices on profitability
The increase in the policy rate severely impacted our profitability and resulted in a 2 percent increase in our debt servicing costs during the corresponding years. Further, our profitability is also impacted by 5 the government's removal of energy subsidies on IMF directives that led to surge in en
Slide 6: Corporate Information
Corporate Information Incorporation 6 The company Blessed Textiles Limited established in September 1987. Symbol BTL Legal Status Public Limited Company. Capital Authorized Capital - 65,000,000 Issued Paid-up Capital - 64,320,000 (Ordinary Share of Rs.10 each) Associated Undertakings Bhanero Textile
Slide 7: Registered Offices, Manufacturing Units and Credit Rating
Registered and Liaison Office 7 Registered office of the company is located at Umer House, 23/1, Sector 23, K.I.A , Karachi. Liaison office of the company is located at City Towers, Main Boulevard, Gulberg-II, Lahore. Manufacturing Units i) Spinning Unit I with an installed capacity of 24,864 spindl
Slide 8: Governing Board
Governing Board 8 The governing board comprised of ten(10) members and all the appointments of independent, executive, non-executive and female directors are in line under the under Code of Corporate Governance Regulations, 2019. All the members of the governing board are accredited under Directors
Slide 9: Categories of Shareholders
9 Numbers Of Sr Categories of Shareholders Shares Held Percentage % Shareholders 1 Directors, Chief Executive Officer, and their spouse and 22 2,152,940 33.47 minor children. 2 Associated Companies, Undertaking and Related Parties 18 2,095,400 32.58 3 Banks Development Financial Institutions, Non Ba
Slide 10: Free Float of Shares
Blessed Textiles Limited Free Float of Shares As on June 30, 2024 10 Total outstanding shares 6,432,000 Less : Shares held by Directors /Sponsors 4,248,340 Government holding as Promoter /Acquirer /Controller Shares held by Associated Undertakings 1,189,160 Shares held with General Public 57,600 5,4
Slide 11: Group Structure
Group Structure 11 Textiles Leather Bhanero Textile Mills Ltd Firhaj Footwear (Pvt) Limited Spinning Unit I Footwear Retailing - Unit I Spinning Unit II Footwear Manuf. - Unit II Weaving Unit III Leather Garment - Unit III Spinning Unit IV Dairy Faisal Spinning Mills Ltd Umer Farms (Pvt) Limited Spi
Slide 12: Outlook of Textile Sector
Outlook of Textile Sector 12 Pakistan's provisional GDP growth rate for the 2023-24 fiscal year is 2.38 percent, which is lower than the 3.5 percent target. The International Monetary Fund has forecasted that Pakistan’s economy will grow by 3.50 percent in the fiscal year 2024-25 whereas World Bank
Slide 13: Textile sector challenges: diversification and renewable energy
Another challenge is the lack of diversification and marginal value addition we mostly rely on yarn and 13 raw unprocessed and unfinished grey fabric which fetches meagre margins. The carbon footprints emission in the environmental is also becoming a immense challenge for the textile sector since to
Slide 14: Key Performance Indicators
Key Performance Indicators 14
Slide 15: Statement of Financial Position as at June 30, 2024
Statement of Financial Position as at June 30, 2024 15 Equity & Liabilities - (PKR in Millions) Assets - (PKR in Millions) 25,000 14,000 12,971 12,000 19,275 10,889 20,000 9,914 10,000 15,067 8,083 15,000 8,000 6,000 10,000 7,966 8,364 4,754 4,061 4,000 5,000 2,000 - - Non-Current Assets Current Ass
Slide 16: Statement of Profit or Loss for the Year Ended 30 June 2024
16 BLESSED TEXTILES LIMITED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 JUNE 2024 30-Jun-24 30-Jun-23 Rupees Rupees - '(Restated) Revenue from contracts with customers - net 31,821,773,255 24,156,586,324 Cost of sales (30,599,709,962) (21,584,363,517) Gross profit 1,222,063,293 2,572,222,807 S
Slide 17: Turnover - PKR in Million
17 Turnover - PKR in Million 35,000 30,000 25,000 20,000 15,000 10,000 5,000 - 2024 2023 2022 2021 2020 2019 Turnover (PKR in "000") 31,822 24,157 22,031 15,431 12,360 12,346
Slide 18: PBT & PAT - %
18 PBT & PAT - % 20.00% 15.00% 10.00% 5.00% 0.00% 2024 2023 2022 2021 2020 2019 -5.00% -10.00% Profit before tax (%) Profit after tax (%)
Slide 19: Shareholder Equity
19 Shareholder Equity - “000” 12,000,000 10,000,000 8,000,000 6,000,000 9,914,105 9,118,311 8,082,562 4,000,000 6,024,705 2,000,000 3,889,547 3,755,089 - 2024 2023 2022 2021 2020 2019 Shareholder equity 8,082,562 9,914,105 9,118,311 6,024,705 3,889,547 3,755,089
Slide 20: Breakup and Market Value Per Share
Breakup and Marker Per Share 20 1,800.00 1,600.00 1,541.37 1,417.65 1,400.00 1,256.62 1,200.00 1,000.00 936.68 800.00 604.72 583.81 600.00 490.00 440.00 400.00 331.62 241.99 255.00 239.90 200.00 - 2024 2023 2022 2021 2020 2019 Breakup value per share Market value of share
Slide 21: Earnings Per Share - Rupees per share
21 Earnings Per Share - Rupees per share 600 498.55 500 400 333.54 300 200 143.20 98.79 100 66.12 0 -100 2024 2023 2022 2021 2020 2019 -200 -300 -265.27 -400
Slide 22: Cash Dividend - PKR in 000
22 Cash Dividend - PKR in ("000) 250,000 200,000 150,000 100,000 50,000 - 2024 2023 2022 2021 2020 2019 2024 2023 2022 2021 2020 2019 Cash Dividend - PKR in ("000) - 106,128 212,256 212,256 150,509 127,354
Slide 23: Historical Data: Year-Wise Operating Data
Historical Data 23 Year-Wise Operating Data 2024 2023 2022 2021 2020 2019 Spinning Unit Spindle installed 86,496 86,496 73,440 72,240 68,640 68,640 Spindles worked 86,496 86,496 73,440 72,240 68,640 68,640 Installed capacity after conversion into 20/s count - Kg 35,154,000 35,154,000 29,570,000 27,5
Slide 24: Ratios: Performance, Leverage and Liquidity
24 Ratios 2024 2023 2022 2021 2020 2019 Performance Sales growth percentage - Year to Year basis 31.73% 9.65% 42.77% 24.85% 0.11% 20.36% Gross profit (%) 3.84% 10.65% 22.94% 21.45% 10.10% 13.06% Profit/(Loss) before tax -% -5.36% 2.87% 17.20% 15.82% 4.44% 6.39% Profit/(Loss) after tax - % -5.36% 3.8
Slide 25: Question & Answers Session
25 Question & Answers Session The honorable guest and shareholders of the company are requested to proceed for question and answer session with regard to the financial statements for the year ended June 30, 2024. Thanks
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