Presentation of Corporate Briefing Session FY-2024

Corporate Briefing Session

Financial Year -2024

You are Cordially Invited to the Corporate Briefing Session Of Sakrand Sugar Mills Limited (SSML) wherein the Company's Senior Management shall Present the Company's Financial performance and outlook.

Presented By

Venue

ICAP Auditorium, Karachi.

Date : Tuesday January 28, 2025

Time : 3:45 P.M.

You can also join session via zoom link

Zoom link will be shared to the members via email

Note : Link will only be shared those members whose details received as per the given format.

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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 Sakrand Sugar Mills Limited {"Sakrand Sugar Mills"} solely for information purposes. No representation or warranty express or implied is made thereto. And no reliance should be placed on the fairness, accuracy, sufficiency, completeness or correctness of the information or any opinion contained herein, or any opinion rendered thereto. The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of the presentation. Neither Sakrand Sugar Mills Limited nor any of its affiliates. officials, advisors, associates, employees, or any person working for, under or on behalf, shall have the responsibility and/or liability of any nature whatsoever (in contract or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation does not constitute or form part of a prospectus, offering circular, or offering memorandum or an offer, solicitation, invitation, or recommendation to purchase or subscribe

for any securities and no part of it shall form the basis of, or be relied upon in connection with, or act as any inducement to enter into any arrangement, agreement. contract, commitment, or investment decision in relation to any securities. This presentation shall not at all be intended to provide any disclosure upon which an investment decision could be made. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted.

The presentation may contain statements that reflect Sakrand Sugar Mills Limited own beliefs. These information are based on a number of assumptions, which are beyond Sakrand Sugar Mills Limited control. Such information represents, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Such information is subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant information. Sakrand Sugar Mills Limited does not undertake any obligation to update any of such information to reflect events that occur or circumstances that arise after the date this presentation and it does not make any representation, warranty (whether express or implied) or prediction that the results anticipated by such information will be achieved. In addition, past performance should not be taken as an indication or guarantee of future results.

Certain data in this presentation was obtained from various external data sources that Sakrand Sugar Mills Limited believes to the best of its knowledge and information to be reliable, but Sakrand Sugar Mills Limited has not verified such data with independent sources and there can be no assurance, representation or warranty as to the accuracy, sufficiency, correctness or completeness of the included data. Accordingly, Sakrand Sugar Mills Limited makes no assurance, representation or warranty as to the accuracy; sufficiency, correctness or completeness that data, and such data involves risks and uncertainties and is subject to change based on various factors.

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CONTENTS

01 Introduction

02 Company Information

03 Business & Financial Analysis

04 Operational Highlights

05 Future Outlooks

06 Question & Answer Session

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IntroductionProducts

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BUSINESS & FINANCIAL ANALYSIS

The Company has the crushing capacity of 6,500 TCD, The annual cane crushing volumes and capacity utilization over the years are outlined as follows:

2021

20232024

The 2023-2024 crushing season spanned 98 days, up from 74 days in the previous year. Despite the extended duration, the total crushing volume remained nearly unchanged, as the management prioritized procuring high-quality and improved sugarcane varieties to minimize production losses.

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FINANCIAL RESULTS & OVERVIEW

The key financial figures of the Company for the year ended September 30, 2024 along with the comparatives for the corresponding year are summarized as under:

During the period, the Company reported a loss before taxation of Rs. 206.43 million, compared to a loss of Rs. 123.95 million in the previous period. This increase is primarily attributed to the selling price of sugar remaining under pressure despite a significant rise in production costs. The Government has continued the long-standing "mismatch" in its policy by setting a minimum price for sugarcane while adopting a free market approach for the price of sugar. This is evident as, despite sugar prices not being particularly high, the Government of Sindh significantly increased the sugarcane price, announcing a minimum price of Rs. 425 per 40 kg, which is Rs. 123 higher than the previous season. This has substantially impacted on production costs. While the Government regulates the sugarcane price to protect growers' interests, it does not apply similar controls to the price of sugar, preventing a balanced outcome for all stakeholders.

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