Mirpurkhas Sugar Mills Limited · PSX:MIRKS
Mirpurkhas Sugar Mills — Investor Presentation (February 2024)
24 slides from Mirpurkhas Sugar Mills's investor presentation, Feb 6, 2024
Slide 1: Corporate Briefing Session
CORPORATE BRIEFING SESSION February 06, 2024
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 by Mirpurkhas Sugar Mills Limited (“Mirpurkhas Sugar Mills ”) solely for information purposes. No representation or warranty express
Slide 3: The Founder
THE FOUNDER Late Mr. Ghulam Faruque (CIE, HPk, OBE) A Visionary and a highly respected name in industrial circles. Spearheaded development of Pakistan’s industry and laid the foundation for the Country’s industrialization. HONOURS CONFERRED • Office of the Order of the British Empire, 1944 • Compani
Slide 4: Ghulam Faruque Group Structure
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Group Structure Since its inception, the Ghulam Faruque Group has continuously strengthened and diversified its lines of operations. Faruque (Pvt.) Ltd. is the Parent Company. | | GREAVES GHULAM FARUQUE GROUP ~~ UNIGOL UNICOL LIMITED ae a) \ ~~ Uni
Slide 5: Our Values
OUR VALUES RESPECT is our way of life OWNERSHIP is our way to success Live Values Build Culture QUALITY is our legacy FAIRNESS is our way of work
Slide 6: Geographical Presence
GEOGRAPHICAL PRESENCE Peshawar Islamabad Lahore Mirpurkhas Karachi Karachi
Slide 7: The Journey so Far
GHULAM FARUQUE The Journey so Fer 1965-66 Incorporated in 1964, Mirpurkhas Sugar Mills Ltd started sugar production in February 1986 with an initial cane crushing capacity of 1.500 TCD through DCDS process, (double carbonation double sulphitation). 1984-85 Process converted to DRCS (Defecation Remel
Slide 8: Significant Development and Changes
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP significant Development and Changes Following significant developments took place during the year: The Company has achieved Sucrose Recovery of 10.55%. During the year 2022/23, the Company contributed approximately Rs.800 million to the national ex
Slide 9: Financial Highlights
GHULAM FARUQUE GROUP FINANCIAL HIGHLIGHTS Production Data Sugarcane crushed Sucrose recovery Sugar production Molasses production Paper Production Sales & Profitability Turnover - net Cost of sales Gross profit Operating profit / (Loss) Profit / (Loss) before taxation Profit / (Loss) for the year Fi
Slide 10: Quantitative Analysis of Sugar Industry of Pakistan
QUANTITATIVE ANALYSIS OF SUGAR INDUSTRY OF PAKISTAN INCREASE / 2023 2022 VARIATION DECREASE Sugarcance Crushing (In Million Tons) 65.57 79.71 (14.14) (18%) Sugar Production (In Million Tons) 6.74 7.88 (1.14) (14%) Sugar Consumption (In Million Tons) Approx. 5.98 5.85 0.13 2% Sucrose Recovery 10.33%
Slide 11: Quantitative Analysis of the Company – Sugar
QUANTITATIVE ANALYSIS OF THE COMPANY – SUGAR INCREASE / 2023 2022 VARIATION DECREASE Sugarcance Crushing (Ton) 562,641 649,557 (86,916) (13%) Sugar Production (Ton) 59,325 70,460 (11,135) (16%) Sucrose Recovery 10.55% 10.85% (0.30%) (3%) No. of Days Mill Operated 87 124
Slide 12: Quantitative Analysis of the Company – Paper
QUANTITATIVE ANALYSIS OF THE COMPANY – PAPER
Slide 13: Segmental View of Business Analysis
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE ~ Segmental View of Business Analysis In the fiscal year that ended in September 2023, our company’s operations in the sugar and paper segments showcased distinct yet promising performances. The sugar segment, a longstanding revenue driver, showed enhanc
Slide 14: Statement of Profit or Loss
GHULAM FARUQUE GROUP Mirpurkhas Sugar Mills Limited Statement of Profit or Loss For the year ended September 30, 2023 (Rupees in ‘000) Turnover - net 7,779,469 4,832,646 Cost of sales (6,416,207) (4,354,653) Gross profit 1,363,262 477,993 Distribution cost (165,756) (36,435) Administrative expenses
Slide 15: Statement of Financial Position – Assets
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Statement of Financial Position As at September 30, 2023 ASSETS | 2023 | 2022 NON-CURRENT ASSETS ipso ALONE Property, plant and equipment 6,846,091 5,781,475 Long-term investments 2,362,945 1,698,668 Long-term loans and deposits 27,654 29,350 Defer
Slide 16: Statement of Financial Position – Equity and Liabilities
Mirpurkhas Sugar Mills Limited GHULAM FARUQUE GROUP Statement of Financial Position As at September 30, 2023 EQUITY AND LIABILITIES (Rupees in '000) EQUITY Share capital 465,579 134,950 Reserves 2,964,938 2,131,991 Surplus on revaluation of property, plant & equipment 661,496 844,259 4,092,013 3,111
Slide 17: Key Financial Ratios
& Mirpurkhas GHULAN FARUQUE KEY FINANCIAL RATIOS Sugar Mills Limited GROUP | 2023 | 2022 | Performance indicators Profitability Ratios Gross profit ratio (%) 17.52 9.89 Net profit to sales (%) 10.79 4.21 EBITDA margin to sales (%) 19.43 8.40 Operating leverage ratio (times) 1.78 3.18 Return on equit
Slide 18: Key Financial Ratios – Investment/Market Ratios
& Mirpurkhas cana Fant oue KEY FINANCIAL RATIOS Sugar Mills Limited [2023 | 2022 | Investment/ Market Ratios Earnings per share - basic ** (rupees) 18.03 4.37 Price earning ratio ** (times) 2.11 29.61 Price to Book ratio (%) 12.80 17.09 Cash Dividend yield ratio (%) - - Dividend payout ratio (%) 36.
Slide 19: Quantitative Analysis of the Company (For the Quarter)
QUANTITATIVE ANALYSIS OF THE COMPANY (FOR THE QUARTER) INCREASE / Dec-23 Dec-22 VARIATION DECREASE Sugarcance Crushing (Ton) 337,963 241,726 96,237 40% Sugar Production (Ton) 33,805 23,405 10,400 44% Sucrose Recovery 10.26% 10.06% 0.20% 2% No. of Days Mill Operated 47 33 Start of Season 15-Nov-2023
Slide 20: Condensed Interim Statement of Profit or Loss
MIRPURKHAS SUGAR MILLS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE YEAR ENDED DECEMBER 31, 2023 December 31, December 31, 2023 2022 ------------ (Rupees in '000) ----------- Turnover - net 2,795,111 858,960 Cost of sales (2,379,558) (794,778) Gross profit 415,553 64,18
Slide 21: Condensed Interim Statement of Financial Position – Assets
MIRPURKHAS SUGAR MILLS LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2023 December 31, September 31, 2023 2023 (Unaudited) (Audited) -------------------- (Rupees in '000) -------------------- ASSETS NON-CURRENT ASSETS Property, plant and equipment 6,786,078 6,846,091 L
Slide 22: Condensed Interim Statement of Financial Position – Equity and Liabilities
MIRPURKHAS SUGAR MILLS LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2023 December 31, September 31, 2023 2023 EQUITY AND LIABILITIES (Unaudited) (Audited) -------------------- (Rupees in '000) -------------------- EQUITY Share capital 465,579 465,579 Reserves 2,982,77
Slide 23: Current Issues of the Sugar Industry of Pakistan
CURRENT ISSUES OF THE SUGAR INDUSTRY OF PAKISTAN 1. The Government of Sindh has increased the minimum support price for the season 2023/24 to Rs. 425 per maund as against Rs. 302 per maund for the previous season. This in addition to quality premium will increase the cost of production in season 202
Slide 24: Thank You
Thank You & Mirpurkhas Sugar Mills Limited
Mirpurkhas Sugar Mills — Investor Presentation (February 2024) on 6ix