Shahmurad Sugar Mills Limited · PSX:SHSML

Shahmurad Sugar Mills — Investor Presentation (March 2023)

38 slides from Shahmurad Sugar Mills's investor presentation, Mar 15, 2023

  1. Slide 1: Shahmurad Sugar Mills Ltd Corporate Briefing 2021-2022

    SHAHMURAD SUGAR MILLS LTD CORPORATE BRIEFING 2021-2022 Dated 15-03-2023

  2. Slide 2: Important Disclaimer

    IMPORTANT DISCLAIMER THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT. This presentation has been prepared Shahmurad Sugar Mills Limited {"Shahmurad Sugar Mills”} solely for information purposes. No representation or warranty express or im

  3. Slide 3: Contents

    Contents 1. Group Profile 2. Company Profile 3. Directors Profile 4. Business Segments 5. Capacity and Production Analysis 6. Analysis of Financial Results 7. Key Financials Indicators 8. Value Additions 9. Shareholders Value 10.Future Outlook 11.Q & A Session 12.Thank You

  4. Slide 4: Group Profile

    Group Profile Al-Noor Group The Al-Noor Group first began trading activities in the late nineteen century in Mauritius. In 1897 sugar manufacturing facilities on a very small scale were opened in Mauritius and thereafter offices in India, Sri Lanka and Burma were established to handle trading of sug

  5. Slide 5: Group Profile

    Group Profile Al-Noor Group In 1984 the Group established Reliance Insurance Company Limited. In 1987 the Al-Noor Medium Density Fiber (MDF) Board Industries (known as Lasani), was established as a unit of Al-Noor Sugar. The unit has since expended in MDF laminates and continues to expand in various

  6. Slide 6: Company Profile

    Company Profile The Company was incorporated in Pakistan under the repealed Companies Act 1913 (now Companies Act, 2017) as a public limited company. Its shares are quoted at the Pakistan Stock Exchange Limited. The Company owns and operates Sugar and Ethanol manufacturing units which are located a

  7. Slide 7: Directors Profile

    Directors Profile Mr. Noor Mohammad Zakaria Mr. Noor Mohammad Zakaria is the Director with over 44 years of diversified Trading and Industrial experience including operations. Mr. Zia Zakaria Mr. Zia Zakaria is the Director with over 25 years of Industrial experience including operations specifically

  8. Slide 8: Directors Profile

    Directors Profile Mr. Asad Ahmed Mohiuddin Mr. Asad Ahmed Mohiuddin completed his Bachelor of Engineering degree from the Florida Institute of Technology in Chemical Engineering in 2011. He returned back to Pakistan and has dedicated his time on material sciences with the Al-Noor MDF Board Division

  9. Slide 9: Directors Profile

    Directors Profile Mr. Sheikh Asim Rafiq Mr. Sheikh Asim Rafiq is a Fellow member of the Institute of Chartered Accountants of Pakistan. He has over 20 years diversified experience in accounting & audits, strategy and financial planning, taxation, software/ERP development and implementation, corporat

  10. Slide 10: Business Segments: Plant Capacity and Production

    Business Segments Sugar Ethanol PLANT CAPACITY AND PRODUCTION Cane Crushing Capacity of 11000 250,000 liters/200 MT M.Tons per day production of Ethanol per day

  11. Slide 11: Sugar and Ethanol Division Production Data

    Sugar Division - Production - Data 2018 2019 2020 2021 2022 Crushing (M.Tons) 744,578 500,270 444,430 441,293 601,695 Sugar Production (M.Tons) 82,366 55,425 48,786 47,220 66,683 Recovery % 11.06 11.08 11.00 10.70 11.08 Ethanol Division - Production - Data 2018 2019 2020 2021 2022 Ethanol Production

  12. Slide 12: Sugar – Crushing Data – M.Tons

    Sugar – Crushing Data – M.Tons 800,000 744,578 700,000 601,695 600,000 500,270 500,000 444,430 441,293 400,000 300,000 200,000 100,000 2018 2019 2020 2021 2022

  13. Slide 13: Sugar – Production Data in M.Tons

    Sugar – Production Data in M.Tons 90,000 82,366 80,000 70,000 66,683 60,000 55,425 50,000 48,786 47,220 40,000 30,000 20,000 10,000 2018 2019 2020 2021 2022

  14. Slide 14: Sugar – Recovery Trend in %

    Sugar – Recovery Trend in % 11.20 11.05 11.06 11.08 11.08 11.00 10.90 10.75 10.70 10.60 10.45 10.30 10.15 10.00 2018 2019 2020 2021 2022

  15. Slide 15: Ethanol – Production Data in M.Tons

    Ethanol – Production Data in M.Tons 80,000 69,752 70,000 60,000 57,270 50,000 47,204 47,608 42,643 40,000 30,000 20,000 10,000 2018 2019 2020 2021 2022

  16. Slide 16: Analysis of Financial Results: Profit or Loss Horizontal

    Analysis of Financial Results Rupees in millions 2018 2019 2020 2021 2022 STATEMENT OF PROFIT OR LOSS Rs. % Rs. % Rs. % Rs. % Rs. % HORIZONTAL ANALYSIS Turnover 7,220.13 42.81 9,497.55 31.54 11,143.61 17.33 9,934.49 (10.85) 17,806.81 79.24 Cost of sales (6,409.72) 43.34 (7,487.36) 16.81 (9,551.97) 2

  17. Slide 17: Analysis of Financial Results: Profit or Loss Vertical

    Analysis of Financial Results Rupees in millions STATEMENT OF PROFIT OR LOSS 2018 2019 2020 2021 2022 VERTICAL ANALYSIS Rs. % Rs. % Rs. % Rs. % Rs. % Turnover 7,220.13 100.00 9,497.55 100.00 11,143.61 100.00 9,934.49 100.00 17,806.81 100.00 Cost of sales (6,409.72) (88.78) (7,487.36) (78.83) (9,551.

  18. Slide 18: Financial Position Horizontal Analysis: Assets

    Analysis of Financial Results STATEMENT OF FINANCIALS POSITION Rupees in millions HORIZONTAL ANALYSIS 2018 2019 2020 2021 2022 ASSETS Rs. % Rs. % Rs. % Rs. % Rs. % NON CURRENT ASSETS Property, plant and equipment 5,315.32 74.14 5,498.70 3.45 5,386.95 (2.03) 5,260.91 (2.34) 5,551.15 5.52 Intangible a

  19. Slide 19: Financial Position Horizontal Analysis: Equity and Liabilities

    Analysis of Financial Results STATEMENT OF FINANCIALS POSITION Rupees in millions HORIZONTAL ANALYSIS 2018 2019 2020 2021 2022 Rs. % Rs. % Rs. % Rs. % Rs. % EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES Issued, subscribed and paid up capital 211.19 0.00 211.19 0.00 211.19 0.00 211.19 0.00 211.19

  20. Slide 20: Financial Position Vertical Analysis: Assets

    Analysis of Financial Results STATEMENT OF FINANCIALS POSITION Rupees in millions VERTICAL ANALYSIS 2018 2019 2020 2021 2022 ASSETS Rs. % Rs. % Rs. % Rs. % Rs. % NON CURRENT ASSETS Property, plant and equipment 5,315.32 53.59 5,498.70 52.92 5,386.95 47.62 5,260.91 52.97 5,551.15 42.54 Intangible ass

  21. Slide 21: Financial Position Vertical Analysis: Equity and Liabilities

    Analysis of Financial Results STATEMENT OF FINANCIALS POSITION Rupees in millions Rupees in millions VERTICAL ANALYSIS 2018 2019 2020 2021 2022 EQUITY AND LIABILITIES Rs. % Rs. % Rs. % Rs. % Rs. % SHARE CAPITAL AND RESERVES Issued, subscribed and paid up capital 211.19 2.13 211.19 2.03 211.19 1.87 2

  22. Slide 22: Key Financial Indicators: Margins

    Key Financials Indicators Gross Profit Margin % Sales 21.17% 19.38% 14.28% 11.22% 7.67% 2018 2019 2020 2021 2022 EBITDA Margin % sales 21.72% 14.79% 15.77% 13.36% 10.27% 2018 2019 2020 2021 2022

  23. Slide 23: Key Financial Indicators: ROE and ROCE

    Key Financials Indicators Return on Equity % (Net) 27.54% 27.45% 18.04% 15.91% 2.91% 2018 2019 2020 2021 2022 Return on capital employed % 35.9% 29.8% 21.4% 15.7% 11.8% 2018 2019 2020 2021 2022

  24. Slide 24: Key Financial Indicators: Current and Debt Equity Ratio

    Key Financials Indicators Current Ratio 1.25 1.21 1.20 1.15 1.11 1.08 1.10 1.04 1.05 1.00 0.92 0.95 0.90 0.85 0.80 0.75 0.70 0.65 0.60 2018 2019 2020 2021 2022 7.00 DEBT EQUITY RATIO 6.42 6.00 5.00 3.95 4.00 3.18 3.00 2.51 2.00 1.62 1.00 0.00 2018 2019 2020 2021 2022

  25. Slide 25: Key Financial Indicators: Debt Equity in %

    Key Financials Indicators Debt Equity in % 100% 90% 80% 70% 3,334 4,378 60% 4,779 4,661 6,015 50% Equity Debt 40% 30% 20% 2,060 1,748 10% 1,504 1,181 936 0% 2018 2019 2020 2021 2022

  26. Slide 26: Key Financial Indicators: Turnover Ratios

    Key Financials Indicators Fixed Assets Turnover Ratio 3.50 3.21 3.25 3.00 2.75 2.50 2.25 2.07 1.89 2.00 1.73 1.75 1.36 1.50 1.25 1.00 0.75 0.50 0.25 2018 2019 2020 2021 2022 Assets Turnover Ratio 1.50 1.36 1.25 0.99 1.00 1.00 0.91 0.73 0.75 0.50 0.25 2018 2019 2020 2021 2022

  27. Slide 27: Statement of Value Addition

    Value Additions STATEMENT OF VALUE ADDITION Rupees in Millions 2022 % 2021 % WEALTH GENERATED Revenue 18,606.01 10,896.90 Expenses 14,620.89 8,886.16 Wealth generated 3,985.12 100.00 2,010.74 100.00 WEALTH DISTRIBUTED To Government Sales Tax, Income Tax, Road Cess, WWF 1,063.87 26.70 834.05 41.48 To

  28. Slide 28: Value Additions - 2022

    Value Additions - 2022 Sales Tax, Income Tax, Road Cess, WWF 1,063.87 27% Retained with business 1,581.72 40% Salaries, WPPF, Benefits and others 428.37 Shareholders as Finance cost on 11% Dividend borrowed funds 422.37 488.79 10% 12%

  29. Slide 29: Value Additions - 2021

    Value Additions - 2021 Retained with business 427.96 21% Sales Tax, Income Tax, Road Cess, WWF Shareholders as 834.05 Dividend 42% 63.35 3% Finance cost on borrowed funds 366.62 Salaries, WPPF, 18% Benefits and others 318.76 16%

  30. Slide 30: Investor Relations

    Investor Relations Share Regsistrar C & K Management Associates (Pvt.) Ltd 404, Trade Tower, Abdullah Haroon Road, Near Metropole Hotel Karachi 2018 2019 2020 2021 2022 Number of Shares (Issued/ Paid-up) 21118663 21118663 21118663 21118663 21118663 Earning per share 28.47 57.08 36.00 6.42 78.17 Brea

  31. Slide 31: Investors Relations: EPS and Market Value

    Investors Relations Earning per share (Rupees) - Basic 78.17 57.08 36.00 28.47 6.42 2018 2019 2020 2021 2022 Market value of share on 30th September Rs. 126 106 99 78 78 2018 2019 2020 2021 2022

  32. Slide 32: Investors Relations: Break-up Value and Market Capitalization

    Investors Relations Break-up value per share-Rupees 227.40 160.49 158.73 137.40 92.90 2018 2019 2020 2021 2022 Market capitalization in millions 2,660.95 2,238.58 2,090.75 1,647.26 1,647.26 2018 2019 2020 2021 2022

  33. Slide 33: Investors Relations – Shares Price

    Investors Relations – Shares Price Rs. 160 149 143 140 127 126 117 120 111 106 100 99 80 78 78 73 72 60 69 69 40 30 20 0 2018 2019 2020 2021 2022 Highest Price - Lowest Price Price at 30th September-

  34. Slide 34: Future Outlook

    FUTURE OUTLOOK Rupees in millions STATEMENT OF PROFIT OR LOSS 2021 2022 October to December October to December VERTICAL ANALYSIS Rs. % Rs. % Turnover 3,615.98 100.00 4,083.13 100.00 Cost of sales (3,353.23) (82.12) (3,088.58) (75.64) Gross Profit 262.75 6.44 994.55 24.36 Distribution costs (26.53)

  35. Slide 35: Future Outlook

    FUTURE OUTLOOK December-22 December-21 Actual Crushing (M.Tons) 112,131 73,354 Sugar Production (M.Tons) 9,610 5,910 Recovery % 10.22 10.38 Ethanol Production (M.Tons) 15,320 15,268

  36. Slide 36: Future Outlook

    FUTURE OUTLOOK The sugar division of the Company produced sugar up to the end of February crushed 552,258 M.Tons (484,881 M.Tons February, 2022) with an average sucrose recovery of 10.66% (11% February, 2022) and produced sugar of 57,885 (52,145 M.Tons February, 2022) M.Tons. The ethanol division of

  37. Slide 37: Q & A Session

    Q & A Session

  38. Slide 38: Thank You

    Thank You

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