Faisal Spinning Mills Limited · PSX:FASM
Faisal Spinning Mills — Investor Presentation (November 2024)
24 slides from Faisal Spinning Mills's investor presentation, November 2024
Slide 1: Faisal Spinning Mills Limited Corporate Briefing Session 2024
FAISAL SPINNING MILLS LIMITED Corporate Briefing Session - 2024 1
Slide 2: Table of Contents
Table of Contents Prologue Corporate Information Group Structure Outlook of the Textile Sector Key Performance Indicators Financial Performance Historical Data Question and Answers 2 Thankyou Note
Slide 3: Disclaimer
Disclaimer The corporate briefing session's presentation, created by Faisal Spinning Mills Ltd, is solely meant for the participants' discussion. Any comment, information or representation made during the conversation may not be interpreted by investors or potential investors as advice or a recommen
Slide 4: Prologue
Prologue Established in 1985, the Faisal Spinning Mills Limited has its registered office in Karachi and it’s operating under the Umbrella of Umer Group of Companies. The company is quoted of Pakistan Stock Exchange “PSX” and engaged in spinning , weaving , finishing and home textiles. The spinning
Slide 5: Financial performance impacted by challenges in fiscal year 2023-24
The company's financial performance was undesirably impacted by several challenges during the fiscal year 2023-24 that include global economic slowdown, persistent domestic economic difficulties, record-high inflation, elimination of energy subsidies that led to a sharp increase in energy prices. Fu
Slide 6: Corporate Information
Corporate Information Incorporation The company Faisal Spinning Mills Limited established in January 1985. Symbol FASM Legal Status Public Limited Company. Capital Authorized Capital - 120,000,000 Issued Paid-up Capital - 100,000,000 (Ordinary Share of Rs. 10 each) Associated Undertakings Bhanero Te
Slide 7: Registered Office, Manufacturing Units and Credit Rating
Registered and Liaison Office 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 38,208 spindles
Slide 8: Board of Directors
Board of Directors 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 Director
Slide 9: Categories of Shareholders as at June 30, 2024
Faisal Spinning Mills Limited Categories of Shareholders As At June 30, 2024 Numbers Of Sr Categories Of Shareholders Shares Held Percentage % Shareholders 1 Directors, Chief Executive Officer, and their spouse and 17 3,679,385 36.79 minor children. 2 Associated Companies, Undertaking and Related Pa
Slide 10: Free Float of Shares
Faisal Spinning Mills Limited Free Float of Shares As on June 30, 2024 Total outstanding shares 10,000,000 Less : Shares held by Directors /Sponsors 7,637,800 Government holding as Promoter /Acquirer /Controller Shares held by Associated Undertakings 1,282,900 Shares held with General Public 153,978
Slide 11: Group Structure
Group Structure 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 Spinni
Slide 12: Outlook of the Textile Sector
Outlook of the Textile Sector The Pakistan textile sector is experiencing a mixed bag of fortunes with some positive developments and several challenges that still persist for the textile sector. The textile exports have seen growth, particularly in ready-made garments, knitwear, and bedwear. This i
Slide 13: Pakistan textile sector landscape and recommendations
The Pakistan textile sector is facing a complex landscape, influenced by both global and domestic factors. In order to boost textile exports the country must focus on the global demand for textiles, particularly from emerging markets that provides opportunities for growth by exploring new markets an
Slide 14: Key Performance Indicators
Key Performance Indicators 14
Slide 15: Balance Sheet as on June 30, 2024
Balance Sheet as on June 30, 2024 Equity & Liabilities - (PKR in Millions) Assets - (PKR in Millions) 18,000 25,000 15,942 22,786 16,000 14,866 20,107 14,017 14,000 20,000 12,485 12,000 15,000 10,000 11,961 11,583 8,000 10,000 6,000 4,339 4,788 4,000 5,000 2,000 - - Equity Non-Current Liabilities Cu
Slide 16: Statement of Profit or Loss
Faisal Spinning Mills Limited Statement of Profit or Loss For the Year Ended June 30, 2024 June 30, 2024 June 30, 2023 Restated PKR PKR Sales - Net 45,029,600,571 37,672,807,610 Cost of sales (42,288,491,572) (33,110,576,747) Gross profit 2,741,108,999 4,562,230,863 Other income 139,714,667 453,100,
Slide 17: Turnover - PKR in Million
Turnover - PKR in Million 50,000 45,030 45,000 40,000 37,673 35,000 32,074 30,000 25,000 20,000 17,065 14,896 14,029 15,000 10,000 5,000 - 2024 2023 2022 2021 2020 2019 Turnover (Net) 45,030 37,673 32,074 17,065 14,896 14,029 17
Slide 18: PBT and PAT - %
PBT and PAT - % 20.00% 15.00% 10.00% 5.00% 0.00% 2024 2023 2022 2021 2020 2019 -5.00% Profit before tax (%) Profit after tax (%) 18
Slide 19: Shareholder Equity
Shareholder Equity 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - 2024 2023 2022 2021 2020 2019 19
Slide 20: Breakup and Market Value Per Share
Breakup and Market Value Per Share 1,600.00 1,400.00 1,200.00 1,000.00 800.00 600.00 400.00 200.00 - 2024 2023 2022 2021 2020 2019 Breakup value per share 1,248.48 1,401.66 1,264.13 858.85 583.11 528.08 Market value of share 280.12 323.75 450.00 420.00 251.00 237.50 Breakup value per share Market va
Slide 21: Cash Dividend
Cash Dividend 250,000 200,000 150,000 100,000 50,000 - 2024 2023 2022 2021 2020 2019 2024 2023 2022 2021 2020 2019 Cash dividend - 115,000 214,500 214,500 150,000 185,000 21
Slide 22: Historical Data for the Year Ended June 30, 2024
Faisal Spinning Mills Limited Historical Data for the Year Ended June 30, 2024 Year-Wise Operating Data 2024 2023 2022 2021 2020 2019 Spinning Unit Spindle installed 38,208 38,208 38,208 38,208 38,208 38,208 Spindles worked - Average 38,208 38,208 38,208 38,208 38,208 38,208 Installed capacity after
Slide 23: Ratios
Ratios 2024 2023 2022 2021 2020 2019 Performance Sales growth percentage - Year to Year basis 19.53% 17.45% 87.95% 14.57% 6.18% 18.45% Gross profit (%) 6.09% 12.11% 19.87% 14.58% 9.47% 13.43% Profit/(Loss) before tax -% -3.38% 3.69% 14.73% 14.89% 4.63% 7.86% Profit/(Loss) after tax - % -3.07% 3.95%
Slide 24: Question & Answers Session
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 24
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