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DANDOT CEMENT COMPNY LIMITED
ANNUAL CORPORATE BRIEFING SESSION For the year ended June 30, 2019
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Presentation Outlines
Company Briefing
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DANDOT CEMENT COMPNY LIMITED ANNUAL CORPORATE BRIEFING SESSION For - - PowerPoint PPT Presentation
DANDOT CEMENT COMPNY LIMITED ANNUAL CORPORATE BRIEFING SESSION For - - PowerPoint PPT Presentation
DANDOT CEMENT COMPNY LIMITED ANNUAL CORPORATE BRIEFING SESSION For the year ended June 30, 2019 1 Presentation Outlines Company Briefing 1 Operating Highlights 2 Acquisition 3 Steps After Acquisition 4 Future Outlook/Projects 5 SWOT
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Company Briefing
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Commercial Production (1983) Listing on Stock Exchanges (1983) State Cement Corporation Pakistan (Govt. owned) (Privatization) Chakwal Group (1992)
Three Star Group (2007)
Gharibwal Cement (2000)
Calicom Industries (Pvt) Ltd (2019)
Plant Capacity 1,000 TPD (Mitsubishi Japan) Incorporation (1980)
Company Briefing
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Operating Highlights
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Profit or Loss 2019 VS 2018
%age Sales 1,594 100.00% 1,307 100.00% 287 21.97% Cost of sales (1,937)
- 121.57%
(1,756)
- 134.37%
(182) 10.35% Gross loss (344)
- 21.57%
(449)
- 34.37%
105
- 23.46%
Distribution cost (9)
- 0.56%
(5)
- 0.39%
(4) 74.48% Administrative expenses (59)
- 3.68%
(60)
- 4.60%
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- 2.39%
(68)
- 4.24%
(65)
- 4.99%
(2) 3.64% Operating loss (411)
- 25.81%
(514)
- 39.36%
103
- 20.02%
Other income 425 26.68% 2 0.15% 423 20908.99% Other operating expenses (13)
- 0.79%
(31)
- 2.41%
19
- 59.92%
1 0.08% (544)
- 41.61%
545
- 100.23%
Finance cost 609 38.19% (185)
- 14.17%
794
- 428.75%
Profit/(loss) before taxation 610 38.27% (729)
- 55.78%
1,339
- 183.67%
Taxation 15 0.93% 11 0.83% 4 35.53% Profit/(loss) after taxation 625 39.19% (718)
- 54.95%
1,342
- 186.99%
2019 2018 Variance … … … … … … … … Rupees In Million … … … … … … … … Amounts %age Amounts %age Amounts
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Net Sales
500 1,000 1,500 2,000 2,500 2019 2018 2017 2016 2015 1,594 1,307 1,806 2,347 2,139
- Rs. In millions
YEARS
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Acquisition
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In May 2019 the company have been acquired by Calicom Industries (Pvt.) Limited (CIPL) under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 and a new board of directors were appointed. Up to the signing of these financial statements, CIPL (holding company) has 67,312,925 voting shares (71% of paid up capital) of the company.
Acquisition
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Steps After Acquisition
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Steps After Acquisition
- Working capital injection of Rs.492 million
- Rescheduling liability of Bank of Punjab
- Rescheduling liability of Bank Islami Pakistan Limited
- Restructuring of Ex-management liabilities
- Annual maintenance
- Change of registered office
- Workers right sizing
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Future Outlook/Projects
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The new management would like to address all critical issues head-
- n and tackle them permanently to lay a solid foundation for future
- f this Company. There are two most critical issues; one is the
non-compliance of the current plant to the environmental standards and the
- ther
is the in-efficiencies in energy consumption. The resolution
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these factors requires a comprehensive Balancing, Modernization and Replacement (BMR) project. Amid a turbulent market and pessimistic short-term economic conditions, this is a good opportunity to go through this BMR project, thereby correct our gaps to make the company competitive in all respects. Your company is finalizing the BMR project design and details and will proceed towards securing funding for this imminent project.
Future Outlook/Projects
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SWOT Analysis
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Strengths
Quality Raw Material Ideal Plant Location Lease License Land Availability
Weaknesses
Union Agreements Electricity Cost Inefficient Production Low Production level
Opportunities
Rising Demand Border Distance to India Power Plant Installation
Threats
High Taxation Interest rate and inflation New capacities in pipeline
SWOT Analysis
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Q&A
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